
Ultimate Awards Credit Card
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CommBank · MASTERCARD
The Ultimate Awards Credit Card is a credit card from CommBank on the MASTERCARD network. It has an annual fee of A$420.
Verified 12 Sept 2026
Key facts
- Annual fee
- A$420
- Purchase APR
- 20.99% p.a.
- Foreign transaction fee
- None
- Network
- MASTERCARD
Benefits and perks
- Choose to earn CommBank Awards points or opt-in to earn Qantas Points for $90 per year.
- Earn up to 3 Awards points or 1.2 Qantas Points for every $1 spent on eligible purchases, up to and including $10,000 in a statement period
- Earn unlimited Awards points or Qantas Points each year
- Cashback benefits for eligible cardholders through CommBank Yello Cashback Offers in the CommBank app
- No monthly fee if you spend at least $4,000 on your Ultimate Awards credit card in your statement period
- Pay no international transaction fees for purchases you make overseas or online
- Access to international travel insurance when you spend at least $500 in a single transaction on prepaid travel using your card and activate before you travel
- Enjoy two complimentary airport lounge passes each calendar year with Mastercard Travel Pass provided by DragonPass to over 1,300 airport lounges worldwide and up-to-date travel information
- No additional cardholder fee to share your card with someone else
- Up to 44 days interest-free on purchases
- Priceless.com offers and experiences
- Complimentary access to book flights and hotels for eligible customers via Travel Booking (Provided by Hopper). Search for Travel Booking accessible via the CommBank app (search Travel booking in the search bar)
- The Touch Card feature by Mastercard is a unique squared tactile notch to help blind and partially sighted cardholders identify their cards with just a touch
- With SurePay instalment plans you can pay off all or part of your credit card balance of $600 or more within a set time with a Balance/Cash Advance Plan or take advantage of a Purchase Plan (a set-up fee applies) with 0% interest on purchases made in the last 14 days
Questions about the Ultimate Awards Credit Card
What is the annual fee on the Ultimate Awards Credit Card?
The Ultimate Awards Credit Card has an annual fee of A$420.
Is the Ultimate Awards Credit Card worth it?
The Ultimate Awards Credit Card is worth it when the rewards you would earn on your own spending exceed its annual fee. Upload a statement to Woodo and the calculation runs against your real categories rather than an assumed budget.
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