• long running

CommBank Yello: Get $10/Mo Cashback on Some Home Insurance Policies, $4/Mo Cashback on Home Loan Package + Personalised Offers

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CommBank Yello: Get $10/Mo Cashback on Some Home Insurance Policies, $4/Mo Cashback on Home Loan Package + Personalised Offers
Go to Deal
Alias2000 on 08/08/2023 - 19:40 commbank.com.au (1270 clicks)
Last edited 08/08/2023 - 20:14 by 2 other users

Hi All, I came across this tonight available to CBA customers through the CBA app. Rewards vary, does include discounted Binge and Uber One subscriptions, personalised property trend reports, and cashbacks.

CommBank Yello is our new customer recognition program – designed to shine the spotlight on you. Get access to bright and shiny benefits like cashbacks, discounts and prize draws – simply for being our customer.

How CommBank Yello works

Eligible customers belong to CommBank Yello benefit sets. Each benefit set provides relevant, tailored benefits and offers. Our Homeowner benefit set is currently available to eligible customers, with additional benefit sets for customers without a home loan launching soon.

Homeowner

Eligibility

  • Have an eligible CommBank transaction account
  • Complete 30+ outbound transactions each month from your eligible transaction account or credit card
  • Have an active CommBank home loan
  • Have been notified you’re eligible for CommBank Yello

Benefits

  • $10 monthly cashback on each of your eligible home insurance policies
  • $4 monthly cashback on your Home Loan Package
  • One entry per month into a prize draw –100 customers each month will win $1,200
  • Exclusive offers and discounts
  • Personalised reports on property trends in your local area
Financial Cashback Home Insurance Home Loan Insurance Loan Loyalty Program

Related Stores

Commonwealth Bank
Commonwealth Bank

Comments

  • ToyInTheAttic2 on 08/08/2023 - 19:48
    +7

    The 30+ outbound transactions each month kills it for me. This is a new requirement that was recently added.

    • tunzafun001 on 08/08/2023 - 20:28
      +1

      I hate this shite…

      Play the game..setup 30 x 1 cent auto transactions to yourself. But why??

      Just leave CBA and never need to worry about it. Convinced me this bank isnt for me.

      Anyone stil offering a few thousand $$ to charge me interest for the next few years.

      • Enelass on 13/12/2023 - 16:24

        How do you setup 30 x 1 cent auto transactions to yourself exactly?

        • tunzafun001 on 14/12/2023 - 11:31

          Chose re occurring. Send it from CBA to another account you have/ water bill etc etc

          • Enelass on 14/12/2023 - 18:03

            @tunzafun001: That's from a transaction account (debit card) or credit card. Not a bank transfer or BPay I believe so I don't see how to automate that unless you own a POS system

            • tunzafun001 on 15/12/2023 - 10:49

              @Enelass: "Complete 30+ outbound transactions each month from your eligible transaction account or credit card."

              • Enelass on 11/03/2024 - 11:48

                @tunzafun001: Yes precisely, "eligible transaction"
                Only way I've found is using Sniip recurrent pay but you'll pay a small fee (0.65% for debit card, and min $5 per TX), so 30x ($5 + fee) = $151 / month
                or MSF / Borderless Doctors Fos instance accept recurring $2 card payments, it's tax deductible, + makes a difference… or 30x $2 = $60 - Tax deduction + Karma Points

                Transferring to another account for which you're the owner is not considered eligible transaction.
                Also you can't schedule debit card payment of 1cts to any recipient, or if you do, please let me know.

                • tunzafun001 on 11/03/2024 - 21:46

                  @Enelass: Hmm..pay off a partners credit card 30 x 1c ? No idea of the BPay minimum.

                  My advice would be make a complaint regarding the T&Cs of this. When someone eventually calls back, ask them straight up the easiest way to complete this 'game' they have. Ie. 1C x 30 transactions.

                  You will find the complaints handlers also hate CBA's stupid ideas and will help you find a super easy way..or in my case they just gave me back the full package fee straight up to save me the hassel..

  • MSG on 08/08/2023 - 19:48
    +8

    $4 a month cashback for overcharging interest! Awesome deal!

    • SydBoy on 08/08/2023 - 19:53

      $4 is for paying low interest on Saving account.. !

    • jaygee on 08/08/2023 - 21:49
      +1

      It's just a little something to thank you for doubling their profits

  • Alias2000 on 08/08/2023 - 19:53
    +4

    Yeah Cashback is laughable however there are a stack of other benefits and most likely more will come.
    I'm eligible for 50% off Binge and Uber One for 6 months. YMMV.

    • EarlyBird22 on 11/08/2023 - 18:55

      36 months of free Internet with More was nice

  • SydBoy on 08/08/2023 - 19:54

    I never received this $4 even though I am eligible..!

  • virtualds on 08/08/2023 - 20:02

    Been with CommBank for home insurance for 9 years with zero claim history. Last month's renewal they increased the premium $550 (45% increase). They gave me reason "inflation". Such a pathetic company!

    • life is suffering on 08/08/2023 - 20:20

      550 ? What's your insurance amount ?

      • dcep on 09/08/2023 - 00:13
        +2

        … they increased the premium $550 (45% increase).

        $550 / 45% = $1,222 premium prior increase / renewal

        $1,222 + $550 = New premium amount

    • SuiCid3 on 08/08/2023 - 20:35

      Your first mistake was probably going with a bank for insurance.
      Bank prices are almost always going to be more expensive that any insurance specific company.

      • virtualds on 09/08/2023 - 15:15

        CBA was the cheapest for 9 years in my case.

    • CacheHunter on 08/08/2023 - 22:09

      It's probably not inflation of the premium directly, but inflation in reconstruction costs. The cost of construction tradies and materials has been ridiculous in the last couple of years.

      I'm not defending CBA because I have no knowledge off your particular case. However, I recently switched home insurers because the amount that nrma increased the sum insured meant it was no longer likely to cover the cost of rebuilding if the worst happens (ie they didn't increase my premium by enough).

      An extra $1000 now hurts, but not as much as being $100k underinsured if there's a fire/flood/earthquake etc.

  • D-Train on 08/08/2023 - 20:04

    Had it for a few months already but they have only just included the Uber One and Binge discounts which is a bonus.

  • Plentiful3271 on 08/08/2023 - 20:08

    This is long running?? I only just found this, this week… anyway, I'm not gonna whinge at $14 a month cashback for doing nothing other than normal spending.

  • dirtyhen on 08/08/2023 - 20:15
    +5

    WOW

    $4 monthly cashback on your Home Loan Package

    my interest is like $3,300 monthly

    • perfectlydark on 08/08/2023 - 21:36

      not to mention the $400-500 annual fee for the wealth package

  • SuiCid3 on 08/08/2023 - 20:37
    +5

    Not sure why there are so many people complaining?
    Talk with your feet. If you aren't getting a deal your satisfied with, why are you stil with CBA?
    There are plenty of other banks out there that will happily take your money.

    • OzComment on 08/08/2023 - 21:59

      and you are aware that after the interest rate hike which has lowered some people's borrowing capacity so they simply have no choice and can't move to other banks ?

      • SuiCid3 on 08/08/2023 - 22:02
        +2

        Should have thought about serviceability before overextending themselves then I suppose.

        • OzComment on 08/08/2023 - 22:04

          they were fine before the interest rate hikes

          • CacheHunter on 08/08/2023 - 22:22
            +1

            @OzComment: I'm still surprised that so many people haven't budgeted for most, if not all, of the rate rises so far. Rates during corona were at historic lows and were only likely to go in one direction.
            The 200-300 bps requirement set by apra was a minimum for a bank to consider lending, not a benchmark for people to work out what they could afford. Anyone who budgeted for the potential of 400 -600bp increases from the record lows should still have enough buffer to switch.

            • OzComment on 09/08/2023 - 09:25

              @CacheHunter: Anyone who budgeted for the potential of 400 -600bp increases from the record lows should still have enough buffer to switch.

              You are wasted not being the successor of Philip Lowe!

  • Jessie Ryder on 08/08/2023 - 22:06

    Woo.
    Looking forward to my $4 cashback per month :/

  • WoodenSpoon on 10/08/2023 - 13:56

    Just got my $4 Today!

  • Gregando on 30/11/2023 - 20:49

    Might be a good idea to look closely at the terms and conditions of “Yello”. Do you think they are giving this out of their own profits and the goodness of their hearts? I don’t think so! Looks to me that they are selling your personal information to third parties in order to fund this. Do you want your personal information to third parties for a bit of cash back? I guess that’s something everyone has to decide for themselves. I think it’s a disgrace that seem to me to have auto enrolled their customers into the sale of their personal information. I had to really dig to find the information, and even then I don’t know what information of mine they may have provided to third parties already. Hard pass for me.

  • Skilly on 08/09/2024 - 00:01

    I have home insurance with CWB and I have been with them for all my banking matters, but couldn't fine such a deal in the app. Any advice?

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