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Commonwealth Bank · Ultimate Awards Points Earn Structure · Credit card
LiveUltimate Awards credit card
A $420 annual fee and a 20.99% p.a. purchase rate as of 18 September 2026. The fee ranks 93rd lowest of 100 cards tracked by BankMate. There is no sign-up bonus on offer.
$420annual fee
0.4 Ultimate Awards Points Earn Structure pts per $ · 20.99% p.a. purchases · up to 44 interest-free days
Annual fee over time
Annual fee- Ultimate Awards credit card
Changes
No changes recorded for this product since tracking began on 10 September 2026.
Fees
- Annual fee
- $420
- Monthly fee
- $35
- Additional cardholder
- Free
- Foreign transaction fee
- None
- Late payment fee
- $20
Earning
- Rewards program
- Ultimate Awards Points Earn Structure
- Base earn rate
- 0.4 Ultimate Awards Points Earn Structure pts per $
- Grocery spend
- 0.8 pts per $
- Overseas spend
- 1.2 pts per $
Interest
- Purchase rate
- 20.99% p.a.
- Cash advance rate
- 21.99% p.a.
- Interest-free days
- Up to 44
Perks
- Airport lounges
- Domestic
- Complimentary travel insurance
- Yes
- Purchase protection
- Yes
- Concierge
- No
- Network
- Mastercard
Eligibility
- Minimum credit limit
- $6,000
About this product
Our most rewarding credit card with uncapped points earning potential, exclusive travel benefits and no monthly fee for eligible customers.