Commonwealth Bank

Commonwealth Bank Diamond Awards

Medium diamond awards

Good For

Rewards Balance Transfer Offers Perks Frequent Flyer Rewards Max Interest Free Days Max Credit Limit lowest Monthly Repayments

  • Type: MasterCard
  • Level: Platinum

All Offers

Balance Transfers Offers 5.99% p.a. for 5 months then 21.24%
Introductory Offers N/A
Special Offers N/A

Rates & Fees

Ongoing Purchase Interest Rate 20.24% p.a
Annual Fee $349
Maximum free days Up to 55
Late Payment Fee $20
Over Limit Fee $0

Overseas Spending

Currency Conversion Fee 3%
Overseas ATM Charges $2.5 or 2% (the higher of)
Estimated ATM Cost for AU$300 withdrawal $15.00

Frequent Flyer Rewards

Points per $1 spent 0.25 on Amex 0.63 on MasterCard
Partners Velocity
Annual Flights Earned 2.7 SYD-MEL return flights ($349 in annual fees)


Points per $1 spent 0.5 on Amex 1.25 on MasterCard
Rewards Available Frequent Flyer, Shopping, Cashback & more
Value of Rewards $17.59 after $349 annual fees
Additional Fee for Reward Card $0


Travel Insurance Up to 365 days
International & Domestic
VIP Perks
  • Price guarantee scheme
  • Rental vehicle excess insurance
  • Extended warranty
  • VIP Seating
  • Concierge service available
  • Invitation to special Events

Repayment Details

$ Minimum Repayment $25
% Minimum Repayment 2%

Application Requirements

Minimum Credit Limit $15,000
Maximum Credit Limit No Limit

More about Commonwealth Bank

Whatever your spending habits may be, Commonwealth Bank has a credit card that’s right for you. Choose from a wide range of features such as low rates, award programs, platinum services, no annual fees and gold card privileges. Interest rates start from as low as 12.99% with a low rate MasterCard.

Find a credit card that suits your spending type. Compare credit cards by lowest rates.