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Commonwealth Bank of Australia (CommBank) · Mastercard

Ultimate Awards Credit Card

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The Ultimate Awards Credit Card is a Mastercard from Commonwealth Bank of Australia (CommBank) with a fee of A$35 a month (A$420 a year), which Commonwealth Bank of Australia (CommBank) waives in any month you meet its condition. Here is what we hold on it, and what we do not.

Not every figure here is checked

Checked against a published document: annual fee (Sep 2026), foreign transaction fee (Sep 2026), purchase APR (Sep 2026). Not yet checked with Commonwealth Bank of Australia (CommBank): fee waiver condition and credit requirement. Commonwealth Bank of Australia (CommBank)’s own page is authoritative — confirm anything you rely on there before you apply.

Annual feeA$35/monthA$420/yr · can be waivedChecked commbank.com.au
Apply on Commonwealth Bank of Australia (CommBank)Compare this card
Opens Commonwealth Bank of Australia (CommBank)’s site
Ledger entry

The receipt

Every cost line we hold for the Ultimate Awards Credit Card, exactly as recorded.

Annual fee
A$35/month (A$420/yr · can be waived)Checked commbank.com.au
Fee waiver
Pay no monthly fee if you spend at least $4,000 in your statement period.Not yet checked with Commonwealth Bank of Australia (CommBank)
Supplementary card
Not confirmed
Foreign transaction
NoneChecked commbank.com.au
Purchase APR
20.990000000000002%–20.99%Checked commbank.com.au
Income requirement
Not confirmed
Network
Mastercard
Credit needed
NoneNot yet checked with Commonwealth Bank of Australia (CommBank)
Sign-up

The welcome offer

No welcome offer on file

We hold no published welcome offer for the Ultimate Awards Credit Card. That may mean there isn’t one, or simply that we have not recorded it — Commonwealth Bank of Australia (CommBank)’s own page is the place to check.

We couldn't verify this · check with the issuer
Rewards

What it earns

No earn rates on file

We hold no category earn rates for the Ultimate Awards Credit Card. Rather than print a multiplier we cannot source, this stays blank until Commonwealth Bank of Australia (CommBank)’s own terms give us one.

Issuer restricts access — check their site
Included

Perks & benefits

Card benefits

  • International travel insurance when you spend at least $500 on prepaid travel
  • Two complimentary airport lounge visits per year via Mastercard Travel Pass
  • Mastercard Travel Rewards cashback at participating overseas merchants
  • CommBank Yello Cashback Offers
  • SurePay instalment plans for purchases of $100+
  • No monthly fee if you spend at least $4,000 in a statement period (otherwise $35 monthly fee)
  • Redeem CommBank Awards points via Travel Booking platform or at Myer stores
  • Option to convert CommBank Awards points to Qantas Points (fee applies)
Next step

Ready to apply for the Ultimate Awards Credit Card?

You'll finish the application on Commonwealth Bank of Australia (CommBank)'s own site. Terms can change without notice, so check the fee and offer there before you commit.

Apply nowOpens Commonwealth Bank of Australia (CommBank)’s site
Questions

Questions about the Ultimate Awards Credit Card

How much is the Ultimate Awards Credit Card annual fee?

The Ultimate Awards Credit Card has an annual fee of A$420, which Commonwealth Bank of Australia (CommBank) waives on this condition: “Pay no monthly fee if you spend at least $4,000 in your statement period”. Weigh that against the rewards and perks you will actually use.

What does the Ultimate Awards Credit Card earn?

Commonwealth Bank of Australia (CommBank)'s site restricts automated access, so we could not read the Ultimate Awards Credit Card's earn rates and do not print a multiplier. Check them on Commonwealth Bank of Australia (CommBank)'s own site.

What network is the Ultimate Awards Credit Card on?

The Ultimate Awards Credit Card runs on the Mastercard network, which determines where it is accepted and which network-level benefits apply.

Is the Ultimate Awards Credit Card available in Australia?

Yes — the Ultimate Awards Credit Card is issued by Commonwealth Bank of Australia (CommBank) and is available to eligible applicants in Australia. Approval depends on the issuer's own credit and income criteria.

When were the Ultimate Awards Credit Card figures last checked?

We checked its annual fee in September 2026, its foreign transaction fee in September 2026 and its purchase APR in September 2026, each against a published document. Not yet checked with Commonwealth Bank of Australia (CommBank): fee waiver condition and credit requirement. Commonwealth Bank of Australia (CommBank)'s site restricts access, so we could not check: earn rates. We could not verify, so we do not print: welcome offer. Check them with Commonwealth Bank of Australia (CommBank). Terms can change without notice, so confirm the current details with Commonwealth Bank of Australia (CommBank) before you apply.