CommBank - Smart Awards credit card
Qantas Points
This credit card from CommBank has a $228 annual fee, and up to 44 days interest-free on purchases. It has a cash advance interest rate of 21.99% p.a. There is a minimum credit limit of $3,000.
An annual fee of $228 and a purchase interest rate of 20.99% p.a.
Annual Fee
$228 per year
Cash Advance Rate
21.99% p.a.
Purchase Rate
20.99% p.a.
Interest Free Period
up to 44 days
Details
Card Type
Mastercard
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$3,000
Fees
Annual Fee
$228
per year
Late Payment Fee
$20
per statement
Cash Advance Fee
3% or $4
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 1
additional holders
Rates
Purchase Rate
20.99% p.a.
Cash Advance Rate
21.99% p.a.
Overseas Spending
Foreign Currency Conversion Fee
0%
per transaction
Overseas Cash Advance Fee
0%
per transaction
Eligibility
Minimum Age
18
years old
Rewards
Program
Qantas Frequent Flyer
Types
Qantas Points
Bonus
12,500 bonus points
Reward Rates
Rewards Rate One
0.6 point(s) per AUD$1
On eligible purchase
Rewards Rate Two
0.8 point(s) per AUD$1
On highest eligible purchase
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
Yes
Who is the product designed for?
These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:
Objectives and Needs
- Require a revolving credit facility with a convenient way to make payments and access cash by using the card attached to the facility
- Ability to earn awards points when spending on their card
- Ability to pay no monthly fee
- Access to interest free days on purchases
- Access to different insurance options and extended warranty
- Does not want to incur international transaction fees
- Access to spend and security controls
Financial Situation
- meet CBA’s credit assessment criteria which includes demonstrating the capacity to service the credit card without substantial hardship
- Choose a credit limit typically above $3,000
- will pay a higher interest rate
- will pay a higher monthly fee (if criteria is not met for the fee waiver)
Eligibility criteria
- be individuals aged 18 years or older
- have an Australian residential address
- meet CBA’s credit assessment criteria which includes demonstrating the capacity to service the credit card without substantial hardship.
Visit CommBank to view Target Market Determination Effective From: 2024-08-21.
Australia - © 2023 Fair Comparison Pty Ltd
Savrr.com is a trading name of Fair Comparison Pty Ltd. The 'compare' pages of this website are provided by Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to compare a range of credit card, home loan, personal loan, and car loan products. Fair Comparison Pty Ltd may receive a fee if users click through, apply and/or successfully acquire a loan or credit card product from or through a product provider.
Fair Comparison provides information relating to credit products offered by banks and other credit providers. We are not providers of loan, credit, or any other financial products. While we aim to provide information about a variety of products, we do not provide information about all products or product features available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific products. Should you choose to apply for a product which is listed, you will deal directly with the provider of the product or its broker/representative. We aim to provide useful and up to date information, but you should always carefully check product information with the product provider prior to applying for or taking out a credit product. If you are unsure, you should seek clarification from the product provider or independent financial advice.
Global - © 2023 Fair Comparison Ltd
Savrr.com is a trading name of Fair Comparison Ltd. The ‘compare’ pages of this website are provided by Fair Comparison Ltd to compare a range of online trading platforms and products. Fair Comparison Ltd may receive a fee if users click through, apply and/or successfully apply for an online trading account or product.
Fair Comparison provides information relating to online trading platforms. We are not providers of loan, credit, or any other financial products nor are we an investment broker. While we aim to provide information about a variety of platforms or products, we do not provide information about all platforms or products available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific platforms or products. Should you choose to apply for a platform or product which is listed, you will deal directly with the platform or its broker/representative. We aim to provide useful and up-to-date information, but you should always carefully check information with the platform provider prior to opening an account or making a financial decision. If you are unsure, you should seek clarification from the platform or independent financial advice.