This was posted 1 year 5 months 3 days ago, and might be an out-dated deal.

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Commbank Ultimate Rewards Card: Bonus 100K Awards Pts / 70K Qantas Pts ($30) ($5000 Spend within 90 Days, $0 Fee w/ $2500 Spend)

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Commbank Ultimate Rewards Card: Bonus 100K Awards Pts / 70K Qantas Pts ($30) ($5000 Spend within 90 Days, $0 Fee w/ $2500 Spend)
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LPleco12 on 25/11/2022 - 14:00 commbank.com.au (2363 clicks)
Last edited 11/01/2023 - 14:06 by 3 other users

Wrap your churned up lips around this one.

100k Commbank rewards points
Or
70k Qantas FF

Spend $5000 in 90days

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

Previous deal post

100,000 bonus CommBank Awards points or 70,000 Qantas Points when you apply for a new CommBank Ultimate Awards credit card by 28 February 2023 and spend $5,000 on eligible purchases using your new card within 90 days of activation. 1

What you’ll get
  • Choose to earn CommBank Awards or opt-in to earn Qantas Points1 for $30 per year.2
  • 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 period3
  • Earn unlimited Awards points or Qantas Points each year
  • Cashback benefits for eligible cardholders through CommBank Rewards4 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

  • Pay no international transaction fees for purchases you make overseas or online5

  • Included international travel insurance, simply activate before you travel6

  • Enjoy paid access to over 1,000 lounges worldwide with Mastercard® Airport Experiences provided by LoungeKey, paid for using your Ultimate Awards credit card.7

  • No additional cardholder fee to share your card with someone else8
  • Up to 55 days interest-free on purchases
  • Priceless® Cities offers and experiences
  • Embossed orientation dot on card to assist customers who are blind or have low vision differentiate it from others

  1. Offer available on new Ultimate Awards credit cards applied for between 1 Nov 2022 and 28 Feb 2023. 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. You will be ineligible for the bonus Qantas Points or CommBank Awards points if your credit card account is closed, transferred, or in default at any time prior to the points being credited to your account. To be eligible for the 100,000 CommBank Awards points on a new Ultimate Awards card, you need to spend at least $5,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation.
    To be eligible for the 70,000 bonus Qantas Points on a new Ultimate Awards card, you must opt-in to Qantas Points in your CommBank credit card application or via the CommBank Awards website prior to meeting the spend criteria. You need to spend at least $5,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation. ↩

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

  • Sapper50 on 25/11/2022 - 14:04
    +2

    what's is 100k CommBank points roughly worth in $.

    • Pleco12 on 25/11/2022 - 14:07

      Just under $500 in gift cards.
      With $5000k should tick over awards points balance to get the $500 gift card.

  • vawiyoci on 25/11/2022 - 14:07
    +1

    Finally no fees but that minimum spend though wowzer.

    • boomramada on 25/11/2022 - 14:12

      It was always like that for that card, $2.5k/month minimum is kind of deal breaker for me.

      • vawiyoci on 25/11/2022 - 14:15

        Just personally more used to the 2-3k ones.

      • tritorius on 25/11/2022 - 14:36

        it's over 3 months, so $1670~ a month, not totally unreasonable but agree still very high

        • odysseus on 25/11/2022 - 15:22
          +3

          Believe he's referring to the minimum spend to avoid the monthly fee. Which is $2500/month.

  • Bomba on 25/11/2022 - 14:09
    • Once-off $30 fee if you choose Qantas points;
    • No monthly fee* ($35) if you spend at least $2,500 on your Ultimate Awards credit card in your statement period
  • phattiee on 25/11/2022 - 14:10
    +3

    but its for all purchases isnt it? including your monthly bills, groceries. shouldnt be hard to h it 2.5k per month

  • Osiris on 25/11/2022 - 14:12

    So need minimum $5000 spend to achieve the bonus and then they will potentially not pay it out for a period of time which you'd presumably need to maintain the account & make the $2,500 monthly spend or start racking up $35 a month fees.

    • vawiyoci on 25/11/2022 - 14:16
      +1

      CBA has actually been pretty fast with the cashback at least. About a week after meeting the spending req.

      • Pleco12 on 25/11/2022 - 14:19

        Yep agree. They say with 90days but usually it’s a week or so. At worst you wear a $35 fee. Still a good return on investment for me.

  • sajidmib on 25/11/2022 - 14:13

    whats 70k Qantas FF roughly in ticket prices say travel to Dubai ? I can spend that much ( If utilities, groceries and tech) payments and purchases are included. With this inflation its easy.

    • Catsfan070911 on 25/11/2022 - 14:18

      Probably gets you most of or all the way. Europe via Dubai was around 130k per ticket which paid for roughly half the flight once considering taxes.

      • Mikedrop89 on 02/01/2023 - 20:59

        Any idea on if i can get the points converted to krisflyer?

    • vawiyoci on 25/11/2022 - 14:19
      +1

      No idea about ticket prices but atm it's pretty much impossible to find flights through the middle east (emirates/qatar) for a year out. Also emirates taxes/fees for reward business seats have increased to 1k+ per leg now.

      Though typical maths with qantas points is to try to get at least 3-4cents per point of value in terms of equivalent flight costs.

      • caustic birch on 28/11/2022 - 09:20

        Agreed. Also Qatar and Qantas are not exactly seeing eye to eye at the moment so don't hold your breath on Qatar award seats returning any time soon

      • Nom on 28/11/2022 - 09:59

        Though typical maths with qantas points is to try to get at least 3-4cents per point of value in terms of equivalent flight costs.

        The problem is that you arrange your flight and you work out the 3c per point, and you're going to Europe…

        …but you can find the flight to Europe with other airlines like Royal Brunei, Malaysian etc. for half the Qantas cost. Suddenly your 3c per point is only really giving 1.5c of value, because your Qantas flight was twice the price of the other guys. It's a little different now, but before Covid this was the normal scenario.

        In practice, this makes it almost impossible to do anywhere near as well as you expect to.

        • vawiyoci on 28/11/2022 - 11:38

          Even with routes to europe you still wouldn't be losing as much as half the value wither other airlines; just did a quick search and it still costs $9-10k+ vs 318k points with non-middle eastern airlines. And then it depends on if you care about the business class hardware and amenities (eg was hoping to try out the qsuites but that's looking impossible to do through qantas now). Definitely doesn't help that qantas keeps raising the points costs when it's already not as cheap as other loyalty programs already (eg when I checked routes through virgin/canadian air a lot of them were only about 2/3 the points vs qantas ff).

  • whatboutbob on 25/11/2022 - 14:14

    *New card applicants only

    • Pleco12 on 25/11/2022 - 14:18
      +1

      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.

      • vawiyoci on 25/11/2022 - 16:02
        +1

        Assuming the low fee/rate gold cards dont count then?

        • Ibz on 26/11/2022 - 02:22
          +2

          Low fee is separate from awards and they have separate 12 month cool downs

          • vawiyoci on 28/11/2022 - 11:15
            +1

            @Ibz: Cheers might be worth a punt then.

          • uwuwu on 18/12/2022 - 00:31
            +1

            @Ibz: Cheers, was wondering this too

  • mel-2018 on 25/11/2022 - 14:16

    Be aware of these conditions below. I was almost pulling the trigger but found out that I can't get the offer because I am currently on a lower tier CBA award card.

    ^ Offer available on new Ultimate Awards credit cards applied for between 1 Nov 2022 and 28 Feb 2023. 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. You will be ineligible for the bonus Qantas Points or CommBank Awards points if your credit card account is closed, transferred, or in default at any time prior to the points being credited to your account.

    • boomramada on 25/11/2022 - 15:39

      So its not for people with diamond card?

      • Ibz on 26/11/2022 - 02:23

        Cba has two sets of credit cards. Low fee and awards. Diamond and ultimate fall under awards and share the same 12 month wait.

  • hongd on 25/11/2022 - 14:16
    +1

    Does BPAY count into $2500 spend?

    • LeftHandSeat on 25/11/2022 - 19:44
      +2

      Yep, cleared my spend in one hit with two lots of council rates via bpay.

      • zo0omer on 01/12/2022 - 14:27

        More to the BPAY Transaction, I feel like in the past you wouldn't get Award Points for BPAY transactions. Is this still the case or do you get the rewards? Thanks!

        • LeftHandSeat on 01/12/2022 - 16:41

          Yes, that is the only transactions I used on the card. Got the points.

          • saxaruk123 on 11/02/2023 - 02:15

            @LeftHandSeat: I read in the commbank terms and conditions "Eligible purchase excludes BPAY payments". May I ask how you are able to use Bpay to earn points / count towards spending criteria for Bonus points? Do u use the Bpay feature on Commbank app or use other Bpay apps such as Beem it?

            • LeftHandSeat on 11/02/2023 - 08:03
              +1

              @saxaruk123: May have not been clear enough. I never use the BPAY function in any banking app. Aways use Auspost Post Billpay online, paying via PayPal where possible. Becomes an Auspost / PayPal transaction.

              • saxaruk123 on 13/02/2023 - 13:40

                @LeftHandSeat: Thanks mate. Do u know if Bpay using Beemit will earn points/count towards spending criteria?

      • capslock janitor on 13/12/2022 - 14:14

        whats ya plan for dry months?

  • Pleco12 on 25/11/2022 - 14:22
    +1

    Yeah not saying this is best churn deal I’ve seen, but if you’ve ridden all the banks around town and locked out until exclusion periods lapse, she’s a potential ride for sure. Commbank dont usually put much out worth churning.

  • Transient on 25/11/2022 - 14:22
    +1

    You can redeem points for Coles gift card: $500 gift card = 104,650 points

    Things to be aware of:
    - No monthly fee ($35) 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

    • It can take a number of days for purchases to clear from pending so best to reach the $2,500 goal at least a week before the end of the statement period to avoid the monthly fee. YMMV.

    • You can redeem points for cashback. Receive less than gift cards. Also takes up to 10 business days to receive the cash back.

    • Variety of gift cards are limited. Coles, Kmart, Home (with JB - note it is a physical card not digital).

    • "Bonus points will appear on your credit card statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria." I reached the goal in the second month and received the points in the third month. YMMV.

  • Patat on 25/11/2022 - 14:36
    +3

    FYI no monthly fee for CBA employees

  • Shadowsfury on 25/11/2022 - 15:31
    +1

    Ooof rejected said max I can get is $4k limit.

    By what I disclosed I'd have like $4k/month in excess income over expenses.

    Guess no more churning for a few months.

    • capslock janitor on 13/12/2022 - 14:15

      Guess no more churning for a few months.

      why?

      • Shadowsfury on 20/12/2022 - 09:14
        +1

        Rejections in quick succession may lead to even more rejections as they'll see you're enquiring a lot

  • BuyLowLetsGo on 25/11/2022 - 16:13
    +3

    Churning on this just this month.

    Be aware from previous ozbargain post (https://www.ozbargain.com.au/comment/12665657/redir) that you need to be => $6000 limit, otherwise turns into a standard rewards card.

  • Jayblesz on 25/11/2022 - 17:57
    -2

    This has been active for months… Not sure if I'd call it a deal.

  • payless69 on 26/11/2022 - 04:37
    -2

    Get a card with travel insurance first a known good insurance, a known card overseas with an app to control ALL aspects like goe locks, online locks atm locks etc!
    before F -ing around with whatever airline!

  • Milkywayss on 26/11/2022 - 10:36
    +1

    As a tip be careful not to mess up the application part way through. I accidentally hit the back button in my browser and the website stopped working, was unable to continue, unable to start new application as already have a partial account, and phone support can’t do anything as I can’t be identified. Only solution then is to visit a physical branch which I don’t have, and can’t apply for an account until I do.

  • mahdoo on 26/11/2022 - 13:37
    +1

    $5000 spend? Wtf. Where'd all the $3000 spend cards go

    • uwuwu on 18/12/2022 - 00:36

      Agreed, I'm looking for $3k spend

  • Catsfan070911 on 28/11/2022 - 16:26

    Is there something obvious that i'm missing stating a minimum income figure?

  • aant22 on 29/11/2022 - 07:08
    +1

    Check the 'for you' page in the commbank - I had a targeted offer for this card but with 90,000 QFF sign on points.

    • expatOz on 22/12/2022 - 22:56

      Interesting. Do you have a link or a screenshot? Thanks!

  • Pandaboss on 01/12/2022 - 12:04

    Minimum Credit is $6000 upto $35,000.

  • Kramo on 02/12/2022 - 09:23

    Got offered a limit of $1000. Since that would just be the regular awards card without any benefits, guess I'll cancel the application and look elsewhere.

    • falopa on 03/12/2022 - 10:10

      Same happened to me

  • heynik on 11/12/2022 - 07:48
    +1

    Got approved for the cc. When the card came through noticed that the limit was 4.5k.
    Apparently if they can't offer you the credit limit then they will just offer you the next best card.
    Be aware.

  • nightelves on 15/12/2022 - 12:19

    What's the limit with this card?

  • JHoliday on 22/12/2022 - 18:11

    How long did it take for most people to hear back after lodging application? Did they always assess it, or did some receive immediate application approval?

    Also did you have to upload payslips during the application or did that come later?

  • powerhead on 29/12/2022 - 17:37

    How many recent payslips do they require? Will just one suffice or do they need more than one?

    • JHoliday on 29/12/2022 - 21:19
      +1

      They need your last two payslips. Currently going through the application now.

  • JHoliday on 05/01/2023 - 22:29

    Anyone know if you get access to a digital card while you wait for the physical card to be sent out?

    • powerhead on 06/01/2023 - 09:37

      Did you finally get approved?

      • JHoliday on 06/01/2023 - 10:16
        +1

        Yes, finally! They didn't even send me an SMS or email to say it was approved. I called them and they told me no need to worry it had been approved on 4/1 and would take 7-10 business days for the card to arrive. I can see the card in the App with $6,000 limit but won't let me do anything in the App until physical card is activated I think.

        Consultant did mention they were trying to send the cards out via Express Post for now due to all the public holidays.

  • sidoz on 06/01/2023 - 16:12

    Typical ridiculous banks. Do the application give them everything they want, says am conditionally approved. Then get an email saying they require even more information… and half of what they are asking for was provided in the original application. So dumb.

    • sidoz on 11/01/2023 - 17:46

      Annnd now 5 days later they are saying they never received anything. Seems like which ever team does document validation is not very reliable. Bit ironic really.

      • powerhead on 11/01/2023 - 17:58

        at least you're getting some feedback. I called today to check what the holdup was with my application, only to be told I need to go to the branch as they cannot "verify me over the phone". And thats despite having an account with them for the last two years.

        • sidoz on 11/01/2023 - 18:03
          +1

          They said my application got selected for a random security check hence additional document requirements…. maybe you are getting a similar "random" check..

          • powerhead on 11/01/2023 - 18:34
            +1

            @sidoz: sounds like that random 'bomb' check at the airport that I get every time lol

            • sidoz on 12/01/2023 - 13:37
              +1

              @powerhead: OK now these bumbling clowns are telling me to go into a store. I work in a related field so not completely ignorant of ID validation processes and capabilities… these guys are all over the place.

              EDIT: Wow, these clowns have now flagged me and refuse to talk about anything until i go into store because i've been flagged since my netbank login does not work… when i dont even have an account yet. Seriously these muppets might just about be worse than Westpac.

  • djc on 09/01/2023 - 14:52

    I'm changing to this one as my primary card …

  • JHoliday on 09/01/2023 - 20:01

    Can you even setup notifications on this card when a payment is made to it to pay the balance?

  • tim_geo on 11/01/2023 - 01:25

    Can someone who has been though this advise what happens in the last month prior to cancelling:
    1) Are you better off spending $2500 and cancel before the statement - would the points still be credited?
    or
    2) Cancel a few days after the statements for the points to clear, would they charge you pro-rata monthly fee instead of the full $35 for the few days in the new period?

    Thanks would appreciate any help.

    • MitchBoss on 23/01/2023 - 03:12

      Never cancel your cards before you receive the bonus points! Most of the cards have in the terms & conditions that any points not yet transferred at the time of canceling are void. Not worth risking the points to save a $35 monthly fee.

      • tim_geo on 21/02/2023 - 16:43

        Good advice, I have been waiting and still waiting… 2 statements now. Was thinking approach to close card after bonus points have been received.

  • matrix83 on 11/01/2023 - 09:46

    Anyone know if it is a requirement to not own another card that earns QFF points with another bank?

    • vawiyoci on 11/01/2023 - 10:01
      +1

      Don't think that's ever been the case, terms and conditions only ever limits having the same points category card with the same bank/institution itself within a 12 months period.

      • matrix83 on 11/01/2023 - 12:36

        Many thanks

        • vawiyoci on 11/01/2023 - 12:45
          +1

          Yeah there's been instances where I've managed to hold 2 qantas cards at the same time with different banks due to big bills coinciding, and it wasn't even an issue in terms of card approval since apparently sometimes credit files are slow to update and the bank didn't see the other card application and vice versa.

  • gazer on 12/01/2023 - 12:01

    How quickly are ppl getting the bonus points after hitting the $5k? I hit in my first month but didn't get them in my first statement now 6 wks since opening….

    • vawiyoci on 12/01/2023 - 15:29

      Do you mean you only got the points for the 5k spend and not the 70k bonus? I was hoping CBA might be one of the faster ones since they paid out the cashback in the other card offer within a week of hitting the minimum spend. Worse case might just have to wait for the 2nd month statement. Not like there are heaps of other decent offers on at the moment lol.

    • ozstig on 12/01/2023 - 18:50

      I'm still yet to receive bonus points. Received 2nd statement today and surpassed minimum spend earlier this month.

    • johnjones8 on 15/01/2023 - 19:45

      Also didn't get the bonus points in the first month after already reaching the minimum spend. Guess it's more like ANZ time frames where you have to wait for the statement a month afterwards urghh.

      • johnjones8 on 16/01/2023 - 22:51

        Also for some reason about only half the points shown on the statement actually hit my qantas account for some reason.

        • JHoliday on 17/01/2023 - 00:10

          Because what’s shown in the statement are not actually Qantas points. You have to halve them if I recall.

          Or you only earn 0.4 Qantas points per $1 spent

          • johnjones8 on 18/01/2023 - 21:21

            @JHoliday: Seems like weird system then since I haven't experienced this before with other cards (this is my first time with CBA). All my previous ones have all shown the correct amount of points on the statement.

  • sugardumpling on 16/01/2023 - 10:27

    I got my first statement today. I already met the $5k spend requirement but no points yet

  • powerhead on 17/01/2023 - 06:50

    Got approved, took 7 business days since application and payslips upload. Commbank certainly is one of the slowest.

    • boq on 20/01/2023 - 11:39

      Are you with CBA before your application? Went to branch for identification yesterday after conditional approval, I hope there's no delay.

      This card is perfect for my upcoming holiday overseas.

      • powerhead on 20/01/2023 - 12:18
        +1

        I was yes, but they were not my main transaction/savings account.

  • Pleco12 on 20/01/2023 - 18:51

    How long have others waited to receive rewards points?

    I met the spend prior to second statement that I got a week ago.

    Hoping points drop shortly.

    • Tock on 22/01/2023 - 11:10

      Also wondering this, waiting….
      Commbank terms say: "Bonus points will appear on your credit card statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria."

      • Pleco12 on 22/01/2023 - 12:49

        I’ve had a commbank rewards card a while ago and it look about 10days from meeting the spend.
        So hopefully this one be similar and not 90days!

        • Tock on 04/02/2023 - 14:07

          Met the spend ~4 weeks ago, still waiting for bonus points.

  • Banana on 26/01/2023 - 21:56

    I got 2 rejections in a row (Nov and Jan), one from Citibank and one from Virgin Money (Virgin Money was because I tried to apply for Citibank back in Nov and there's a 6 months black out period apparently). I am a serial churner, do I wait for a bit before I try to apply for another card. In a dry spell atm but really want more QFF pts.

  • burningrage on 27/01/2023 - 17:47

    This card isn't bad and would almost rival Citi Premier but for the point earning cap of $10k and annual fee.

  • powerhead on 27/01/2023 - 18:04

    Is the monthly fee still charged if theres nil transactions in a given month?

  • timhn on 28/01/2023 - 12:01

    Clicked on the Get Start button - or something similar to start the application, and it crashed. Log back in (i am an existing customer) and try again but got a message saying they are review my application and i need to wait!!
    WTF, I haven't enter anything yet in the application. What a crappy system.

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