CommBank Ultimate Awards Credit Card maximises Qantas Points with no overseas fees and a waivable monthly fee
CommBank Ultimate Awards Credit Card: earn 1.2 Qantas Points per $1 on overseas spend, pay no foreign transaction fees and have the monthly fee waived with $4,000 in a statement period
Smart travel rewards for Aussies
The CommBank Ultimate Awards Credit Card is built for Australians who travel, shop overseas and want to rack up Qantas Points quickly. With a standout earn rate on international spend and a focus on travel perks, it’s designed to make every trip and overseas purchase more rewarding.
Locals will appreciate features that matter here in Australia: no foreign transaction fees, travel insurance included, and ways to have the monthly fee waived. Use it for holiday bookings, international shopping or frequent work trips to get the most value.
Earn rates and where to use the card
On eligible overseas transactions the card earns 1.2 Qantas Points per $1, a top rate for travel spend. Domestically you still collect 0.8 Qantas Points per $1 at major supermarkets, department stores and petrol stations, and 0.4 Qantas Points per $1 on other eligible spending.
There is a points cap after $10,000 spend in a statement period for higher rates, so plan big purchases wisely. Pairing this card with everyday spend and travel bookings accelerates your points balance for flights and upgrades.
Fees, waivable monthly fee and costs to consider
The card charges an annual fee of $60 for the Qantas Points variant and a monthly fee that can be waived if you spend $4,000 in a statement period. That waivable monthly fee is a practical way to lower ongoing costs if you time larger bills or annual expenses onto the card.
Be aware of the purchase interest rate (around 20.99% p.a.) if you carry a balance. To truly benefit from the CommBank Ultimate Awards Credit Card, pay your statement in full each month so the points outweigh any interest charges.
Insurance, protections and tips to maximise value
The card includes international travel insurance, purchase security and extended warranty cover, which saves on separate policies for many trips. These protections add tangible value when you travel overseas or buy higher-value items at home.
Maximise rewards by using the card for international spending to take advantage of no foreign transaction fees and the 1.2 Qantas Points/$1 rate, consolidating bills to hit the $4,000 threshold when needed, and tracking the $10,000 points cap in a statement period.
