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CommBank Ultimate Awards Mastercard: 100,000 Awards Points or 70,000 Qantas Points with $5000 Min Spend in 90 Days, Fees Apply

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CommBank Ultimate Awards Mastercard: 100,000 Awards Points or 70,000 Qantas Points with $5000 Min Spend in 90 Days, Fees Apply
Go to Deal
Oz8argain on 23/06/2022 - 16:09 commbank.com.au (1176 clicks)
Last edited 23/06/2022 - 17:29 by 1 other user

100,000 bonus CommBank Awards points or 70,000 Qantas Points when you apply for a new CommBank Ultimate Awards credit card by 31 October 2022 and spend $5,000 on eligible purchases using your new card within 90 days of activation.

Opt-in to earn Qantas Points for $30 per year
Earn up to 1.2 Qantas Points per dollar spent with Ultimate Awards for spend up to and including $10,000 in a statement period
Your Qantas Points won’t expire when you earn or redeem Points at least once every 18 months

Fees:
Monthly Fee $35 - $0
Pay no monthly fee if you spend at least $2,500 in your statement period and choose to receive online statements.*

Qantas Points opt-in fee $30 per year
Applies to each credit card account earning Qantas Points, charged once per year when you opt-in and each subsequent year on or around the anniversary of your opt-in date.

Previous deal post — Offer extended to 31/10/2022

Financial Credit Card Frequent Flyer MasterCard Qantas Frequent Flyer Reward Points

Related Stores

Commonwealth Bank
Commonwealth Bank
MasterCard AU
MasterCard AU
Marketplace
Qantas
Qantas

closed Comments

  • sunyuanxin on 23/06/2022 - 16:11
    +1

    Which points is better? CommBank Awards Points or Qantas？

    • AloraanGrogu on 23/06/2022 - 16:13
      +3

      Depends what game you’re playing :)

  • maverick1 on 23/06/2022 - 16:12
    +1

    No annual or monthly fee?

    • me1stt on 23/06/2022 - 16:13
      +3

      No monthly fee* if you;
      (i) spend at least $2,500 on your Ultimate Awards credit card in your statement period and
      (ii) choose to receive online statements

    • worldaroundus123 on 23/06/2022 - 16:14
      +2

      $35 unless "Pay no monthly fee if you spend at least $2,500 in your statement period and choose to receive online statements.*"

    • AloraanGrogu on 23/06/2022 - 16:14

      It’s a monthly fee but as long as your monthly spend is over x there’s no fee… it’s a cheap Qantas point grab for those hunting Qantas points

      • Lunarboogie on 23/06/2022 - 16:26

        Not necessarily. Depends on how fast CBA pay out the QF points upon meeting the minimum spend. If they drag it out, you could be paying $35 per month as you twiddle your thumbs. Does anyone have any experience on CBA's speed?

        • rnielsen on 23/06/2022 - 16:51
          +2

          For me they paid the bonus in the statement following the spend completion so I just made sure that statement had at least $2500 spend on it and didn't pay a fee.

          • 6079 Smith on 25/06/2022 - 16:44

            @rnielsen: Likewise, mine came about 40 days after account opening

        • tunzafun001 on 23/06/2022 - 17:07

          Did you get QFF points paid out??. as my QFF experience is terrible (still not paid in 6 months). See my comment below. Summary, don't touch it.

  • dixy on 23/06/2022 - 16:13

    How much is 100,000 CommBank Awards Points or 70,000 Qantas Points worth?

    • thecouch on 23/06/2022 - 16:29
      +3

      i collect qantas points . ive just used 108k points for business class LA to sydney and 80k points for premium economy sydney to LA ( I think 41k for economy ) plus about $200 in taxes and fuel . another trip I have booked for tokyo its 70k for one way premium economy and 90k business

      • huuuuugo on 24/06/2022 - 00:55

        Those are deals I am yet to see on the Qantas page! My 200k points were not even enough for two domestic flights

        • jaygee on 24/06/2022 - 09:29
          +2

          You need to look out for classic awards, not standard ones.

        • thecouch on 24/06/2022 - 15:54

          like other post said you need to log in and switch to classic rewards . there is a little toggle to do it . you were seeing points plus pay section . most seats that way but will cost you 5-10 times more points

    • huuuuugo on 24/06/2022 - 00:54
      -2

      qantas points are worth about 0.6 cents each. 70000 points are roughly AU$ 400-500 depending on the deals you find

  • abs898 on 23/06/2022 - 16:16
    +1

    20kCommbank =$100

    • coxymla on 23/06/2022 - 16:23
      +1

      geez that's awful

      • abs898 on 23/06/2022 - 16:24

        Better than some, free travel insurance on this card makes up for the bad rewards. You don't need to book travel on this card to activate insurance

        • F-22 on 23/06/2022 - 22:48

          How does the insurance compare to others? I'll read the PDS but curious on your thoughts.

          • abs898 on 23/06/2022 - 22:54
            +1

            @F-22: It's a credit card insurance so it's not the greatest but compares well with mid tier. I usually double insure with Amex.

          • 6079 Smith on 25/06/2022 - 16:45
            +1

            @F-22: There is also no requirement to spend on the card and they issue you an actual certificate of insurance which is useful

    • dixy on 23/06/2022 - 16:26

      so in other words, the deals is almost worth reward of approx $500 with $5000 spent in 90 days.

      • odysseus on 23/06/2022 - 17:17
        +1

        …Except you'll probably need to spend at least $7500 to get fee free, unless you're happy to pay the $35/month as an offset until the points come through.

    • dyziplen on 23/06/2022 - 16:50

      So pretty much just covers the "annual" fee aspects of it. Obviously they got another route for negating the fee, but it seems like most of these bonuses are pretty much coving the fee with a bonus on top…..

      500 bonus vs 420 annual fee if you don't negate it by the 2500 spend each month.

    • dogzilla on 11/10/2022 - 19:05

      On Qantas store its about half a cent per point. Can go up to 1c per point on Qantas hotels. Might be more elsewhere.

  • mouski on 23/06/2022 - 16:22
    +3

    $5K spend for the 70K points…bit hefty.

    • nightelves on 23/06/2022 - 16:26
      +3

      LV bag for the missus should cover it

      • chrism238 on 23/06/2022 - 16:36
        +1

        Fair swap.

    • orbital on 23/06/2022 - 16:58

      Plus the opt-in fee of $30 if you want the QFF points

  • HousBinFarteen on 23/06/2022 - 16:26
    +2

    Offer not available on all other card types, existing cards, and switches from other card types and is not available to customers who currently hold, or have held, any Awards card types in the 12 months prior.

    • Crustydumpling on 23/06/2022 - 16:28

      What about customers with low rate cc?

      • dyziplen on 23/06/2022 - 16:56

        Nothing for existing, they already got you on the hook.

  • adrianhughes1998 on 23/06/2022 - 17:02
    +1

    Pricey compared to other Qantas earning cards and annual fees unless you're a big spender.

  • tunzafun001 on 23/06/2022 - 17:13
    +12

    Don't touch this card (and I'm a churner).

    I had $3000 of transactions pending a week before the statement generation date. CBA sent out an SMS saying there are issues processing transactions at there end, and expect delays for 5 days. So my transactions didn't get processed in time…and they charged the monthly fee!!

    Trying to get in touch with CBA is near impossible. Their chat service is near useless, and reaching out via Facebook goes in loops.

    The real kicker, I reported my card as stolen (but luckily found it). Two months later it is still active.

    6 months down the track my QFF bonus points still haven't been paid.

    I have 3 complaint numbers lodged with them, but they never call you back (someone gave me a one ringer..then sent a letter week later saying "tried to call".

    I have now lodged a case against the CBA via AFCA.

    Typical of the big 4…. the 4 worst banks we have!

    • MrBr0 on 23/06/2022 - 17:18
      +1

      Had issues with this card as well. They paid the incorrect points and told me oh well the transfer had been done and I had to wear it. I made a formal complaint only to get told it would be sorted within 21 days which it wasn’t. Had to make a complaint with AFCA and it was sorted within a week

    • Jetkuma on 23/06/2022 - 19:21
      +3

      Yep, their award system is stupid. Even if you provide them with QFF Membership, they somehow stuff up their sign-up promo for 70k QFF points. They paid only slightly less than 40k QFF for promo (100k CBA points to QFF points). After 3 months of arguing, I just tell them if they don't resolve it within 45 days, I'll just contact AFCA. After that, they decided to waive my QFF fees and paid out the remaining points.

    • skyviewer on 23/06/2022 - 19:32
      +1

      I had this card as well. The Qantas point earned doesn’t make sense. Much lesser then other card. Of course, there r heaps terms and conditions on how many point u can earn on what type of transactions. Just canceled today and will not apply credit card from commonwealth bank any more.

      • nightelves on 23/06/2022 - 20:12

        Thought it was 1.2 points per $1 spend for the Ultimate card.

        • tunzafun001 on 23/06/2022 - 20:19
          +1

          Lots of exceptions etc to confuse you nicely.

    • Broos on 23/06/2022 - 21:47

      This is a perplexing experience for me. CBA is the only bank I have consistently good, even great, customer experiences with. All support is offered in Australia, and it makes a huge difference. My current bank has all offshore support and could certainly align with your experience here.
      Hopefully you get the support you need. But if CBA isn’t working for you I’m stuck on where to bank in future…

      • tunzafun001 on 23/06/2022 - 22:10
        +1

        Previous to CBA I've had all my banking with smaller credit unions. Picture this..you call a number (and don't get a press 1, press 5, press 3…then wait for 2 hours message)…but someone actually answers, a human actually answers and they then deal with your question.

        Also the smaller banks have no BS wealth package fees and have things like fixed loans with a 100% offset. The netbanking is soooooooooo…oooooo…ooooo much better. I mean I can't even assign a label/ alias to my loans or offset accounts without calling up CBA… honestly!!

        I stupidly took up a $2000 cashback offer to try CBA. Will be leaving with an AFCA complaint.

  • Charles89 on 23/06/2022 - 17:19
    +2

    One of the biggest plus for this card is, there is no transaction/exchange rate fees for international purchases. Using this as my daily, it also replaces my 28 degrees.

    Whilst the biggest down side is, half of my day to day transactions are classed as "everything else", therefore $1 only gets you 0.4 Qantas points - compared to my NAB signature card before ($1 for 1 Qantas point).

    • 80024 on 23/06/2022 - 20:36
      +1

      $1 only gets you 0.4 Qantas points - this is a dealbreaker!!

  • richieisnow on 23/06/2022 - 17:40
    +1

    I have the CBA 'wealth package' with my mortgage , which promises $0 annual fee on "eligible credit cards" does anyone know If that works with this card?

    • yoyo5 on 23/06/2022 - 18:15

      Says “ Not eligible for Wealth Package benefits” on the website

      • sathion on 25/06/2022 - 00:47

        Do you know if that's the same as the platinum awards card? I can't see that on their website for the 80k Awards points or 50,000 Qantas points deal.

      • sathion on 07/07/2022 - 23:24

        I can confirm the Platinum Awards card worked, got my 80,000 points today. Have a Wealth package, so I guess I answered my own question.

    • tunzafun001 on 23/06/2022 - 20:21
      +1

      Nope…the wealth package (as in it makes CBA more wealthy) has no benefit for this card.

      I have asked CBA for my loan discharge documents. The CBA is completely pathetic..

  • tonyjg on 23/06/2022 - 18:02

    A monthly fee if u don’t have certain spend amount ??
    No thanks

    • dyziplen on 23/06/2022 - 18:09

      I mean, thats how they make the money.

      They want you to overspend and pay the 20% interest, if they can't get you to do that, at least they can claw some back from the monthly/annual fee.

  • boomramada on 23/06/2022 - 18:50

    I don't mind CBA but I don't like this condition, "Pay no monthly fee if you spend at least $2,500 in your statement period and choose to receive online statements"

    • tunzafun001 on 23/06/2022 - 20:24
      +1

      Noting you can spend the $2500, but they might not process the transactions before the months out, and charge you the fee. So $2500 has to be CLEARED for no fee.

      • boomramada on 24/06/2022 - 08:49

        Yeah but other thing is, you be locked into this card.

  • BobLim on 23/06/2022 - 20:28
    +1

    Contrary to many others I had a great experience with this card last year after running out of better churning candidates.

    • My salary goes into CBA and they approved it in under a day without submitting any documentation
    • No monthly fee with a 2.5k spend fitted with my spending at the time
    • Bonus points were credited the same day as the 5k transaction was settled, middle of a billing period. I only had the card open for about 6-7 weeks.
    • I think I recall that you can use almost every point earnt on the scheme - redeem the bulk for GC and then apply the excess as a statement credit at a lower conversion rate

    Looking forward to applying again after my cooldown. YMMV

    • cook99 on 23/06/2022 - 23:37

      I had the same great experience about 2 years ago.
      About 7week in and out, points applied immediately.

      The only drawback I had to go into branch to show my ID as I had never banned with CommBank in my life.

      Will probably apply for CommBank again once my ANZ QFF points hit any week now.

    • Qbagger on 11/10/2022 - 19:33

      How long is the cooldown?

  • chingy213 on 23/06/2022 - 20:30
    +1

    I have this card and only this card and I think its awesome.

    I dont have QFF but I will use my points at flight center.

    I have never paid monthly fees or annual fees so its a damn good choice. Dont overlook the annual fee price some of these other cards have.

    I know this card is 20k spend for 100 dollars in commbank rewards but no annual fee makes up for it.

    someone do the math and prove me wrong?

  • Aftos on 23/06/2022 - 21:49
    -1

    Last time I applied this card they wanted a copy of my mortgage statements and last 3 months of account transactions.

    I told them I'm applying for a credit card not a home loan.

    "sorry sir, it's our policy". So I told them where to stick it. Awful awful bank

    • cook99 on 23/06/2022 - 23:38
      -1

      This is what St George did to me too, told em to get stuffed. CommBank were fine for me though

  • Networks919 on 23/06/2022 - 22:10

    Just finished up my 2nd go with this card. Have heard of issues with customers only getting 40k QFF points when they upped the offer but I just got the 70k points. Looks like it got resolved with time.

    Overall it was a decent experience, unfortunately its gonna be hard to keep up with the $35 monthly fee. Onto my next Visa/MC.

  • ozmaxz on 23/06/2022 - 22:34

    I have this card, worst credit card I have ever had. Worst customer service, worst branch staffs.

  • tunzafun001 on 24/06/2022 - 16:12
    +2

    What is 70 000 QFF points worth?

    After filing an AFCA complaint for not receiving my bonus points, they have offered me $1000 (which includes $135 of fees they need to reimburse). So $865

    The email says in lieu of not receiving 175 000 CBA rewards points (when I actually signed up and paid for the QFF version, and have been receiving a trickle of QFF points for my spends).

    This bank is hopeless… How does that happen??

    • UrMumsOnlyFan on 03/08/2022 - 09:34

      The valuation is up to every individual, but typically ranges between $0.005 to $0.018 per Qantas Point. I value them at $0.01 each so I would take $865 over 70,000 points.

      The email says in lieu of not receiving 175 000 CBA rewards points (when I actually signed up and paid for the QFF version, and have been receiving a trickle of QFF points for my spends).

      The Ultimate earns in CBA points by default. If you've paid for the Qantas Points option then those CBA points get converted at a 0.4 rate.

      Hence the bonus was 175,000 CBA points × 0.4 = 70,000 Qantas Points.

  • 6079 Smith on 25/06/2022 - 16:49

    It’s a great card if:
    - You spend $2.5k / month on credit cards
    - Want a card with tho Intl trans fee
    - Utilise credit card travel insurances
    - Want the flexibility to transfer to different FF programs to ‘top up’ points as required

    If you’re just churning I probably wouldn’t bother

  • Save Medicare on 26/06/2022 - 12:21

    This is honestly fine if you can smash through 2.5k a month in usage. There are better options out there for churning but a fee free international card is nothing to look down at

  • jedimaster on 26/06/2022 - 18:06
    +2

    I agree it is the worst card ever of all the QFF cards I have used and I am a churner.

    Had met the spend criteria within a week of getting the card and they still made me wait till 3rd statement to get the required points. In the meantime, they keep slugging you with $35 monthly fee unless you spend $2500 per month.

    Had to fight with them every month to get it waived.

    One major benefit is the More Telecom NBN deal.

  • G4life on 27/06/2022 - 16:14

    Does the 2.5k min purchases include Bpay and direct debits?

  • CheapBrah on 29/06/2022 - 08:42

    Applied for this, they changed my application to the lower Awards card instead without any notification, lucky I spotted it before adding additional docs.

    • F-22 on 01/07/2022 - 13:02

      Same here, however, they didn't ask me for any additonal docs and just sent an email that i was approved and it's on the way. Now i have to call and try and correct. Useless bank.

      • meowmeowmeow on 28/09/2022 - 14:20

        Same thing just happened to me! I called up and was like, excuse me I didn't apply for this product. Dodgy as hell!

  • jedimaster on 30/06/2022 - 14:18

    Did anyone get the points credited for the last month(in the month they closed card) or do they get forfeited?

  • Koipanda on 14/07/2022 - 00:27

    Has anyone received the bonus points?

    I hit the 5k spend but haven't received the 70k QFF…. I got over 8k CBA points so they def knows that i hit 5k

  • CheaperCharlie on 26/07/2022 - 10:19
    +1

    Can confirm this card is not worth the effort, as @jedimaster says above, they are more interested in charging you every kind of fee they can think of (including a Cash Advance fee even if my balance was over my CC limit…so they charged me for transferring my own money to myself)

    TLDR

    I won't be getting another CBA CC anytime soon, my worst experience so far.

  • csider on 01/08/2022 - 22:49

    Cba is the hardest bank to get a cc. I can get a 15k limit nab black card but cba turned me down? Haha OK. They must be able to smell me churning them in 3 months.

    • JoyBoy on 02/08/2022 - 20:46

      Similar experience here. I applied over a week ago and was asked to supply proof of income. Sent them two most recent payslips and never heard back from them again… Seems like they don't care or want any new customers.

      • csider on 02/08/2022 - 20:48

        They only reply to you via their messaging system and a direct snail mail.

    • UrMumsOnlyFan on 03/08/2022 - 09:49

      Many (if not most) credit card deals have people commenting how they couldn't get that card but could get XYZ other cards. The simple reality is that anyone can get declined by any provider, with or without good reason (usually the latter but generally you won't get the real reason anyway).

      Never mind, just move onto the next deal.

      They must be able to smell me churning them in 3 months.

      If banks/providers cared about churning then churning wouldn't exist. A 7 year old could be taught to spot a churner so a bank would have zero difficulty doing so. But presumably it's not worth their effort based on how many people are doing it vs how many people aren't.

      I'm a serial churner and had no difficulty getting this card.

      • JoyBoy on 08/08/2022 - 15:30

        I have no issue with banks rejecting applications. Each bank has its own criteria and if they don't want to issue me a card, fine. What annoyed me the most with CBA is that I applied 2.5 weeks ago and still had no outcome…I called them 3 times and got the same reply "your application is currently sitting with our document verification team"… How long does it take for them to tell if a payslip is legit?

  • the crocodile on 28/08/2022 - 20:04

    Wow, this card is really a bad deal, even misleading.

    It says 1.2 Qantas for $1 spent on eligible purchases. But when you drill into the t&c, you will find that this is only for international payments. (You get 3 Awards points or 1.2 Qantas Points for every $1 spent on international transactions.).

    Supermarket and petrol station purcahses give you 0.8 Qantas point for $1 spent, and wait for it… everything else is only 0.4 Qantas point!

    Plus, if you used Paypal etc, you get nothing.

    • Yola on 29/08/2022 - 07:25

      Nothing that Comm bank does surprises me. They are the worst of all just consider the details uncovered at the Royal Commission which they brought about. The bank's conduct was egregious on numerous issues.

      https://en.wikipedia.org/wiki/Royal_Commission_into_Miscondu…

    • F-22 on 29/08/2022 - 09:16
      +1

      They are very deceiving. During the application i had a clear photo and description of what i was applying for. They sent me the awards card with no bonus points. I complained about this and then they showed me deep in the t&cs that it's at their discretion to send you a different card.

      • Yola on 29/08/2022 - 11:31

        That is ridiculous.

    • meowmeowmeow on 28/09/2022 - 16:22

      The paypal exclusion is hard to understand - I'm not sure if you get "nothing" or if it's just not eligible for supermarket/department store 2 award/0.8 qantas pt earn, and you just get the base rate of 1 award/0.4 qantas pt.

      You get 2 Awards points or 0.8 Qantas Points for every $1 spent at major Australian supermarkets, department stores and petrol stations. Earning these points depends on how the merchant categorises their business and provide us this information (directly or through their financial institution). You’re unable to get these points if you use an intermediary platform such as PayPal for these transactions.

      You get 1 Awards point or 0.4 Qantas Points for every $1 spent on all other purchases. Once you have spent $10,000 in any given statement period, you will earn 0.5 Awards points or 0.2 Qantas Points for every dollar you spend on any other purchases within that period

  • Oz8argain on 01/09/2022 - 10:15
    +1

    To follow up - This card is not the best for points as all the comments above. I got this only because I was traveling overseas and it was really good to have no international fees, + the travel insurance was really quick and easy to get, as the country I went through requires travellers to purchase covid travel insurance and it was hard to get one within their requirements.

  • thechefinme on 13/09/2022 - 12:05

    When applying for this card make sure the credit limit is $6000 or more. Anything less than $6000 the application turns into a standard rewards credit card.

    • meowmeowmeow on 28/09/2022 - 14:21

      Made this mistake too. They shouldn't let you choose anything below $6000 if it's not an option in the card. Had to cancel my application and now i'm hesitant to try again.

      • F-22 on 28/09/2022 - 16:07

        I complained to AFCA because it's totally misleading. It should be clearly stated that you will be given a different card soon as you go below $6000.

        • meowmeowmeow on 28/09/2022 - 16:07

          They shouldn't have any limit under $6k as an option to pick - that's how all the other banks do it! The base Awards card is not even remotely the same product, and they don't even make it clear that they've switched you.

  • cbs78 on 24/09/2022 - 19:50

    Does council rate payments count toward the $5k spend?

  • EyyBanane on 27/09/2022 - 13:57
    Merged from 70,000 Bonus Qantas Points with Ultimate Awards Credit Card ($5,000 Spend in 90 Days, $30/Year Qantas Fee) @ CommBank

    100,000 bonus CommBank Awards points or 70,000 Qantas Points when you apply for a new CommBank Ultimate Awards credit card by 31 October 2022 and spend $5,000 on eligible purchases using your new card within 90 days of activation.

    • Choose to earn CommBank Awards or opt-in to earn Qantas Points for $30 per year.
    • Earn up to 3 Awards points or 1.2 Qantas Points for every $1 spent using your Mastercard on eligible purchases, up to $10,000 in a statement period
      Earn unlimited Awards points or Qantas Points each year
    • Cashback benefits for eligible cardholders through CommBank Rewards in the CommBank app
    • No monthly fee if you; (i) spend at least $2,500 on your Ultimate Awards credit card in your statement period and (ii) choose to receive online statements (Otherwise $35 per month)
    • Pay no international transaction fees for purchases you make overseas or online
    • Included international travel insurance, simply activate before you travel
    • Enjoy paid access to over 1,000 lounges worldwide with Mastercard® Airport Experiences provided by LoungeKey, paid for using your Ultimate Awards credit card
    • No additional cardholder fee to share your card with someone else8
    • Up to 55 days interest-free on purchases
    • Embossed orientation dot on card to assist customers who are blind or have low vision differentiate it from others

    More details here

    • Kolkolnut on 27/09/2022 - 13:58
      +1

      How long is a statement period?

      • jv on 27/09/2022 - 14:02
        +1

        about 45cm

      • anarky on 27/09/2022 - 14:02

        30 days apparently.

      • LemonShapedRock on 27/09/2022 - 14:15

        30 day statement period and 25 day payment period

      • 4foxache on 27/09/2022 - 14:23

        ^ This one was about 31 characters long

    • timowe on 27/09/2022 - 14:01

      Repeat of this deal

    • dogzilla on 27/09/2022 - 14:03
      +1

      *Bonus Awards Points or Qantas Points offers are only available to new Awards customers. By switching to Ultimate Awards you are not eligible.

      • woiny on 27/09/2022 - 14:19

        thanks I have a platinum awards one, so I was trying to upgrade my one to Ultimate, but I read this during the phone call.

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