Like ANZ, CommBank supplies a full choice of tiered choices inside its CommBank Awards card choice, starting from basic to its very cool Final card. With a variety of redemption choices to select from, CommBank Awards is good and versatile, particularly for many who wish to switch factors to a broader vary of frequent flyer companions.
💳 Incomes
- On the CommBank Awards Card, you’ll earn 1 Awards level per $1, capped at 50,000 factors per 12 months. The cardboard has a $59 annual payment.
On the CommBank Platinum Awards Card, you’ll earn 1 Awards level per $1, capped at 150,000 factors per 12 months. The cardboard has a $249 annual payment. You’ll obtain 60,000 bonus Awards factors if you spend $4,000 within the first 90 days, and an extra 20,000 bonus Awards factors if you hold the cardboard for 12 months. Extras embrace journey and buy covers.
On the CommBank Diamond Awards Card, you’ll earn 1.25 Awards factors per $1, capped at 1 million factors per 12 months. The cardboard has a $349 annual payment. You’ll obtain 90,000 bonus Awards factors if you spend $5,000 within the first 90 days, and an extra 30,000 bonus Awards factors if you hold the cardboard for 12 months. Extras embrace journey and buy covers.
On the CommBank Final Awards Card, you’ll earn 3 Awards factors per $1 as much as $10,000 per assertion interval. There isn’t a month-to-month payment if you spend $2,500 in every assertion interval and select to obtain on-line statements. You’ll obtain 90,000 bonus Awards factors if you spend $5,000 within the first 90 days, and an extra 30,000 bonus Awards factors if you hold the cardboard for 12 months. Extras embrace insurances, paid lounge entry and no worldwide transaction charges).
Inside the CommBank Awards program, you can too earn Bonus Factors for each $1 spent when procuring with bonus companions. There’s no cap on what number of bonus factors you possibly can earn.
🛒 Redeeming
As a versatile rewards program, CommBank Awards has a variety of redemption choices to select from. It’s value noting that for many choices, CommBank doesn’t present a redemption worth on rewards except you sign up as a member.
- Pay with factors at Myer (redemption worth not accessible).
- Pay with factors at Flight Centre to e book flights, vacation packages and extra (redemption worth not accessible).
- Store the CommBank Awards Retailer for merchandise and present playing cards (the place 5,700 factors equal a $25 present card).
- Switch factors to frequent traveller companion packages:
- Cathay Pacific 3:1 (the place 3,000 CommBank Award factors equal 1,000 Asia Miles)
- Malaysia Airways 3:1
- Japan Airways: 4:1
- Qatar Airways 3:1
- United 4:1
- Eva Air 3:1
- Lufthansa 4:1
- Air France KLM 3:1
- China Japanese 3:1
- Velocity Frequent Flyer 2.5:1 (basic Awards card) 2:1 (Platinum, Diamond & Final playing cards)
- Etihad 3:1
- Air Asia 2.5:1
- IHG 2.5:1
- Get cashback onto your bank card or pay down your card payment (redemption worth not accessible).
- Donate to charity (the place 4,650 factors equal a $25 donation).
Factors Plus Pay can also be accessible.
💰 Worth
As we talked about, you really want to log in as a member to take a look at the worth provided by many of the redemption choices inside CommBank Awards. Nevertheless, we are able to present some examples of worth utilizing what we all know of present card and merchandise redemptions.
CommBank Awards Card (1 level per $1, capped at 50,000 factors per 12 months, $59 annual payment).
- On a month-to-month spend of $1,000, you’d earn 1,000 factors every month, or 12,000 factors per 12 months, equal to $57 in present card worth. Alternatively, you possibly can choose up Skullcandy Ink’d+ In-Ear earbuds W.Mic 1 for 12,048 factors, that can be purchased for $20.
- On a month-to-month spend of $2,500, you’d earn 2,500 factors every month, or 30,000 factors per 12 months, equal to $142 in present card worth. Alternatively, you possibly can choose up a Prairie Rivet FO Continental Pockets for 28,548 factors, that can be purchased for $109.
CommBank Platinum Awards Card (1 level per $1, capped at 150,000 factors per 12 months, $249 annual payment, insurances, bonus factors after min. spend and 12 months).
- On a month-to-month spend of $5,000, you’d earn 5,000 factors every month, or 60,000 factors per 12 months, equal to $285 in present card worth. Alternatively, you possibly can choose up a Prairie Saddle Sling for 59,715 factors, that can be purchased for $240.
Factoring within the 60,000 intro bonus factors, you’d obtain a further $285 in present card worth, offering a complete of $570 present card worth within the first 12 months (further bonus factors solely accessible after protecting the cardboard for 12 months and paying one other annual payment).
- On a month-to-month spend of $10,000, you’d earn 10,000 factors every month, or 120,000 factors per 12 months, equal to $571 in present card worth (there aren’t any Retailer gadgets above 60,000 factors).
Factoring within the 60,000 intro bonus factors, you’d obtain a further $285 in present card worth, offering a complete of $856 in present card worth within the first 12 months (further bonus factors solely accessible after protecting the cardboard for 12 months and paying one other annual payment).
CommBank Diamond Awards Card (1.25 factors per $1, capped at 1 million factors per 12 months, $349 annual payment, insurances, bonus factors).
- On a month-to-month spend of $5,000, you’d earn 6,250 factors every month, or 75,000 factors per 12 months, equal to $357 in present card worth.
Factoring within the 90,000 intro bonus factors, you’d obtain a further $428 in present card worth, offering a complete of $785 present card worth within the first 12 months (further bonus factors solely accessible after protecting the cardboard for 12 months and paying one other annual payment).
- On a month-to-month spend of $10,000, you’d earn 12,500 factors every month, or 150,000 factors per 12 months, equal to $714 in present card worth.
Factoring within the 90,000 intro bonus factors, you’d obtain a further $428 in present card worth, offering a complete of $1,142 present card worth within the first 12 months (further bonus factors solely accessible after protecting the cardboard for 12 months and paying one other annual payment).
CommBank Final Awards Card (3 factors per $1 as much as $10,000 per assertion interval, no month-to-month payment in case you spend $2,500 per assertion interval, paid lounge entry, insurance coverage, no worldwide transaction charges, bonus factors).
- On a month-to-month spend of $5,000, you’d earn 15,000 factors every month, or 180,000 factors per 12 months, equal to $857 in present card worth.
Factoring within the 90,000 intro bonus factors, you’d obtain a further $428 in present card worth, offering a complete of $1,285 present card worth within the first 12 months (further bonus factors solely accessible after protecting the cardboard for 12 months and paying one other annual payment).
- On a month-to-month spend of $10,000, you’d earn 30,000 factors every month, or 360,000 factors per 12 months, equal to $1,714 in present card worth.
Factoring within the 90,000 intro bonus factors, you’d obtain a further $428 in present card worth, offering a complete of $2,142 present card worth within the first 12 months (further bonus factors solely accessible after protecting the cardboard for 12 months and paying one other annual payment).
⚖️ Verdict
So long as you’re dedicated to channelling a comparatively excessive spend via your card, you possibly can get pleasure from worth from the CommBank Awards program, particularly within the first 12 months. For many who are eligible, the Final card can be notably interesting, as there can be no month-to-month payment on month-to-month spends over $2,500.
Whereas the rewards on supply are various, you would wish to weigh up the worth of your redemptions after getting all data accessible to you as a rewards member.
