CommBank Awards Credit Card – How to Apply Online Explained

This article explains how to apply for the CommBank Awards Credit Card online, breaking down the key steps and details you need for a smooth application. 

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You’ll also learn about the benefits, fees, and eligibility requirements. Everything is simplified to make your decision easier.

Overview of CommBank’s Role in Australia

It is one of the leading banks in Australia, with over 17 million customers. It focuses on offering retail and commercial banking services across the country and operates in New Zealand through its ASB subsidiary. 

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The bank aims to build stronger relationships by addressing its customers’ needs. It also contributes to strengthening the economy by supporting communities and individuals. 

Their services are divided into retail, business, institutional banking, and their ASB division in New Zealand.

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Benefits of the CommBank Awards Card

The CommBank Awards card offers several advantages that make it appealing to customers. Below are key benefits that provide value, from earning points to enjoying travel-related perks.

Earning Points 

With this card, you earn 1 point per $1 spent on eligible purchases, up to $2,000 per statement period. The number of points you earn each year is unlimited. 

You can use these points for travel, merchandise, or other rewards. This system allows you to benefit from everyday spending.

Points Redemption Options 

You can redeem points for various things, such as travel bookings, merchandise, and cashback options. You can even access travel offers through the CommBank app’s Travel Booking feature, powered by Hopper. 

The app makes it easy to book flights or hotels. Points can be used for everyday needs or unique experiences.

No International Transaction Fees 

There are no international transaction fees, which makes this card ideal for people who shop online or travel abroad. 

You can spend overseas without worrying about extra charges, helping you save when buying from international retailers. Frequent travelers will appreciate this feature.

Complimentary Insurance Benefits 

Cardholders receive complimentary purchase security and extended warranty insurance through Cover-More. This covers purchases against theft or damage for a certain period. 

You’ll also enjoy access to extended warranties on eligible products, which can add peace of mind when making large purchases.

Interest Rates and Fees

Understanding the interest rates and fees is essential before applying. Below are the key details you need to know to manage your spending effectively.

Standard Interest Rate for Purchases 

The standard interest rate for purchases is 20.99% p.a. This applies to any balance not paid in full by the due date. Always aim to pay your balance in full to avoid paying this interest.

Cash Advance Rate 

The interest rate for cash advances is 21.99% p.a., which begins applying immediately. There’s also a cash advance fee of either $4.00 or 3% of the transaction amount, whichever is higher. This applies to ATM withdrawals or cash transfers.

Annual Fee 

The card has a monthly fee of $8, totaling $96 annually. This fee is charged monthly, making it easier to manage. There are no additional cardholder fees so that you can add another user without extra costs.

Late Payment Fees and Other Charges 

If you miss the due date, a late payment fee of $20 applies. The international transaction fee is 3.50%, charged when purchasing overseas or with foreign merchants online. Be mindful of these fees to avoid unnecessary costs.

Eligibility Requirements

To apply for this card, you must meet some essential eligibility criteria. These requirements ensure that applicants are suitable for the card’s offerings.

Minimum Age 

You must be 18 years or older to apply for this card. This is the legal requirement for most financial products in Australia. Verify your age before starting the process.

Australian Residency Status 

Applicants must be Australian residents or hold permanent residency. Proof of residency will be required upon application, ensuring that the cardholder is eligible under Australian law.

Minimum Income Requirements 

To qualify, you must have a stable income. During the application process, you will need to provide proof of your income, which helps assess your ability to manage repayments.

Good Credit History 

A good credit history is essential for approval. Your credit score will be checked as part of the process. Make sure there are no outstanding debts or defaults before applying.

Documents Required for Online Application

When applying online, you’ll need to provide certain documents. These help verify your identity and income.

Proof of Identity 

You must provide proof of identity, such as a driver’s license or passport. This confirms that the applicant is who they claim to be. Ensure these documents are up to date before submitting them.

Proof of Income

Applicants are required to submit recent payslips or bank statements. This is necessary to verify that you meet the income requirements. Be ready to provide the most recent documents.

Contact Details 

Make sure your email and phone number are up to date. These will be used for communication during and after the application. Double-check that all information is accurate to avoid delays.

Step-by-step Guide on How to Apply Online

Applying online is straightforward, and you can complete it in just a few steps. Follow the guide below to ensure a smooth process.

Accessing the Application Page on CommBank’s Official Website 

To start your application, you’ll need to access the right page.

  • Go to the CommBank official website.
  • Use the search bar to find the Apply Now section.
  • Click on the link to begin your application process.

Step-by-Step Navigation Through the Form

The form is easy to navigate, and each section is marked. Below are the main areas you’ll need to complete.

Filling Out Personal Details 

This is the basic information required to identify you.

  • Enter your name exactly as it appears on your identification.
  • Fill in your address and date of birth.
  • Double-check the details for accuracy before proceeding.

Providing Employment and Income Details 

You’ll need to provide information about your job and financial status here.

  • List your current employer and job title.
  • Provide annual income from employment and other sources.
  • Attach supporting documents like recent payslips if needed.

Reviewing Terms and Conditions Before Submitting 

Before submitting, you’ll need to agree to the card’s terms.

  • Read the terms and conditions carefully.
  • Make sure you understand the interest rates and fees.
  • Tick the box confirming you’ve reviewed all relevant details.

CommBank Contact Information

If you need assistance, you can contact CommBank directly. Within Australia, dial 13 2221, or if you’re calling internationally, use +61 2 9999 3283. For mail inquiries, visit CommBank at 48 Martin Place, Sydney NSW 2000, Australia.

Disclaimer: Information in this article may change over time. Visit the official website for the most up-to-date details.

Final Thoughts on Applying for the CommBank Awards Credit Card

Applying for the CommBank Awards Credit Card online is straightforward and offers various benefits, like earning points and enjoying low fees. Understanding the card’s eligibility requirements and costs can help you make an informed decision. 

Remember to gather the necessary documents before starting the online application. If You have any additional questions or clarifications, contact CommBank directly.