• long running

CBA Ultimate Awards Card: Spend $3000/M for 25k/M Awards Pts (or 17.5k/M QFF Pts $90 1Yr Fee) for 4Mo, $0/M Fee with $4k/M Spend

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CBA Ultimate Awards Card: Spend $3000/M for 25k/M Awards Pts (or 17.5k/M QFF Pts $90 1Yr Fee) for 4Mo, $0/M Fee with $4k/M Spend
Go to Deal
themadman on 03/03/2025 - 11:13 commbank.com.au (3460 clicks)
Last edited 03/03/2025 - 18:12 by 1 other user

Looks to be similar to this popular deal from 2023, although the required spending is a bit higher now.

EDIT FOR CLARIFICATION: My primary interest in this is as a 0 fees overseas travel card, with the QFF points being a nice bonus. As mentioned in the comments, there are better options if you're purely interested in points.

"Earn 25,000 CommBank Awards points or 17,500 Qantas Points each month when you spend $3,000 or more per month for the first 4 months on a new Ultimate Awards credit card. Ongoing eligibility, exclusions and offer Ts&Cs apply."

Important note from the T&C's

"Offer commenced 1 March 2025 and is only available on new Ultimate Awards credit cards applied for. Offer not available to customers who currently hold, or have held, any activated Awards card types in the 18 months prior as a primary cardholder or customers who switch from other card types."

What you’ll get

  • Choose to earn CommBank Awards points or opt-in to earn Qantas Points1 for $90 per year2.
  • Earn up to 3 Awards points or 1.2 Qantas Points for every $1 spent on eligible purchases, up to and including $10,000 in a statement period3
  • Earn unlimited Awards points or Qantas Points each year
  • Cashback benefits for eligible cardholders through CommBank Yello Cashback Offers4 in the CommBank app
  • No monthly fee* if you spend at least $4,000 on your Ultimate Awards credit card in your statement period
  • Pay no international transaction fees for purchases you make overseas or online5
  • Access to international travel insurance when you spend at least $500 in a single transaction on prepaid travel using your card and activate before you travel6
  • Enjoy two complimentary airport lounge passes each calendar year with Mastercard Travel Pass provided by DragonPass to over 1,300 airport lounges worldwide and up-to-date travel information7
  • No additional cardholder fee to share your card with someone else8
  • Up to 44 days interest-free on purchases
  • Priceless.com offers and experiences
  • Complimentary access to book flights and hotels for eligible customers via Travel Booking (Provided by Hopper)14. Search for Travel Booking accessible via the CommBank app (search Travel booking in the search bar) or click here
  • The Touch CardTM feature by Mastercard is a unique squared tactile notch to help blind and partially sighted cardholders identify their cards with just a touch
Financial Credit Card Frequent Flyer Qantas Frequent Flyer Reward Points

Related Stores

Commonwealth Bank
Commonwealth Bank
Qantas
Qantas

Comments

      • kcool_00 on 17/03/2025 - 15:19

        thanks for the correction :)

  • sween64 on 24/03/2025 - 12:27

    Application with CBA was such a nightmare, I've never had some much back n forth with a bank before. Repeatedly asked for Pay Slips they already had. Couldn't ammend erroneous details and instead provided work arounds. After 2 months application ended up being denied.

  • Kinoodle on 26/03/2025 - 00:10

    I'm feeling extremely frustrated and torn about which “trash" card to choose. Really sad that Nab's signature offer passed away. I need one that doesn't have FTX fee.

    Get ChatGPT help me do the calculation and cannot see any reason not choosing Smart Award.

    Let’s recalculate the points earned for each card assuming:

    • All spending is international, so the base rate is:
      • Ultimate Awards: 3 points per $1
      • Smart Awards: 1 point per $1
    • Promotional bonus points are earned each month if the spending criteria is met.
    Ultimate Awards Calculation (Per Month)
    • Required Spend: $3,000
    • Base Points:
      3 points per $1 → 3 × $3,000 = 9,000 points
    • Bonus Points: 25,000 points
    • Total Points per Month: 9,000 + 25,000 = 34,000 points

    Over 4 months:
    - Total Spend: 4 × $3,000 = $12,000
    - Total Points: 4 × 34,000 = 136,000 points
    - Points per Dollar: 136,000 ÷ 12,000 ≈ 11.33 points per $1

    Smart Awards Calculation (Per Month)
    • Required Spend: $1,500
    • Base Points:
      1 point per $1 → 1 × $1,500 = 1,500 points
    • Bonus Points: 20,000 points
    • Total Points per Month: 1,500 + 20,000 = 21,500 points

    Over 4 months:
    - Total Spend: 4 × $1,500 = $6,000
    - Total Points: 4 × 21,500 = 86,000 points
    - Points per Dollar: 86,000 ÷ 6,000 ≈ 14.33 points per $1

    Conclusion
    • Ultimate Awards: Approximately 11.33 points per $1
    • Smart Awards: Approximately 14.33 points per $1

    Balance Point:
    Under the assumption that all spending is international, the Smart Awards Credit Card offers a higher yield in points per dollar during the promotional period, provided you meet the spending requirements each month.

    This means that, on a per-dollar basis, you’d earn more rewards with the Smart Awards card in this scenario, even though the Ultimate Awards card has a higher base rate for international spending.

    Hope this would help!

  • TEER3X on 28/03/2025 - 07:05

    Are the bonus points credited each month?

    Have had this card a couple of months and haven't received any 25k bonus points.

    • alecsmart on 12/04/2025 - 12:25

      Hi @TEER3X.

      Keen to hear how you went with receiving the bonus points - did they eventually come through on their own?

      Thanks.

      • AmexReferralPlease on 14/04/2025 - 21:51

        I'm more than two statements in and am getting concerned too.

        • TEER3X on 17/04/2025 - 23:35

          If you use the commbank app, go to accounts, click "See Award Points and Redeem", then click "Redeem Now" on any category, it should show all points including bonus points.

          The app doesn't show bonus points for me yet.

          • AmexReferralPlease on 18/04/2025 - 08:15

            @TEER3X: Unfortunately, mine aren’t there either. Thanks for letting us know though - hadn’t looked there for a while.

            • alecsmart on 18/04/2025 - 08:28

              @AmexReferralPlease: Thanks for responding - same, I can't see the bonus points there either, I will wait a few more days before calling CBA.

              • AmexReferralPlease on 30/04/2025 - 10:30

                @alecsmart: How did you go? I just called and they said a bulk credit would be done after 4 months as per the website. I've just checked the website and it says up to 90 days after the statement period ends, so technically I can't complain yet. I'm still worried that I'm churning money through this card if it's not getting me the bonus points, especially since TEER3X has got them.

                • alecsmart on 30/04/2025 - 19:33
                  +1

                  @AmexReferralPlease: hey @AmexReferralPlease.

                  CBA mentioned that I have to wait for up to 90 days from the 2nd statement (which was the end of the 1st qualifying period) for the 1st set of bonus points to come through.

                  They confirmed the offer is correctly applied to my account and that the spend criteria has been met, so the points should come through.

                  Link to expired offers confirms this logic:
                  https://www.commbank.com.au/credit-cards/credit-cards-offers…

                  No option but to wait at this point.

                  I will keep you posted if I see any movement on the bonus points being allocated.

                • alecsmart on 03/05/2025 - 08:58

                  @AmexReferralPlease: Hi @AmexReferralPlease.

                  fyi, the 25000 points came through yesterday into my account.

                  • AmexReferralPlease on 03/05/2025 - 09:52

                    @alecsmart: Many thanks for letting me know @alecsmart. I just checked after receiving your message and mine has arrived too.

      • TEER3X on 17/04/2025 - 23:32

        Points are there, just have to click through the app to get to the website (redeem points)

  • Kustard King on 19/04/2025 - 03:13

    How many points on CBA rewards points convert convert if you select Cashback on your balance?

  • jaygee on 01/05/2025 - 11:50

    They rejected me from this card. Said apparently the credit limit of $6k was too high for me.. even though i've clearly taken reward cards with $15k limits before. CBA suck.

  • ozbargainerlife1 on 13/08/2025 - 09:33

    2nd month just closed and no pts! Yet!

    • AmexReferralPlease on 13/08/2025 - 09:58
      +1

      There’s no bonus points before the first statement (nor is their a minimum spend) and the bonus points came about 3 weeks after the second statement for me.

  • robhung on 20/08/2025 - 21:14

    Finally got my bonus points, 4 months later after I first applied in April. It comes up as 'Bonus Awards' in your statement, and it was 43,750 Commbank Awards (converted to 17,500 QFF) points per month.

    The worst part is, I actually got distracted on the last month and somehow didn't realise I only spent $2,982 instead of $4,000, so I missed out on the last batch of points AND got stung with the monthly fee.

    OzBargain maximiser is hard as a parent!

  • gembel on 27/08/2025 - 17:45

    already received 3x 12500 points.
    waiting for last the last batch now should be in the next 2-3 weeks, then can finally close this card.
    taking so long!

  • mgfcode on 30/08/2025 - 20:52

    Question regarding the bonus point period:

    What it say on the website:

    • heading: "17,500 bonus Qantas Points each month when you spend $3,000 or more per month for the first 4 months".
    • fine print: "$3,000 or more is spent on eligible purchases for 4 consecutive statement periods. Maximum bonus points available is 100,000 CommBank Awards points or 70,000 bonus Qantas Points. The first eligible spend period will commence from the day your account is opened, up to the end of your second statement period. After this date, the offer spend requirements will align to each statement period that follows until exhausted."

    https://www.commbank.com.au/credit-cards/ultimate.html

    so it seem like the first eligible spend period is first statement + second statement;

    To provide extra context:

    • my first statement period: 31July - 07Aug (spent $2950);

    Q: so does my second statement need to be $3100 to fulfil the first two bonus period?

    TLDR:
    which of these is correct?

    a)
    bonus period 1 = statement 1 + 2 (sum of statement > $3000)
    bonus period 2 = statement 2 (deduct the amount that was partially contribute to bonus period 1 and balance of it must be >$3000; e.g: statement 1 $2950; statement 2: $3100)
    bonus period 3 = statement 3 (> $3000)
    bonus period 4 = statement 4 (> $3000)

    OR
    b)
    bonus period 1 = statement 1 + 2 (sum of statement > $3000)
    bonus period 2 = statement 3 (> $3000)
    bonus period 3 = statement 4 (> $3000)
    bonus period 4 = statement 5 (> $3000)

    • gembel on 30/08/2025 - 20:54
      +1

      It's (b)
      I'm currently on my statement period 5, waiting for my bonus period 4 which usually arrives in the first week of the month, so early September.

      • mgfcode on 30/08/2025 - 21:24

        thanks gembel!

        alright will hold off paying bills till statement 3 period then

  • Chrool on 15/09/2025 - 11:23

    Good deal if you can get it. I got absolutely put through the wringer on the verification process, 15 documents and 3 weeks later im still playing document tag with them. They wanted documents for things as small as $1000.

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