CommBank Rewards

Which cards carry the programme

CommBank shows a rewards programme field on two cards: the Smart credit card and the Ultimate credit card, both listed under the CommBank Yello programme. [2] [6] Both are advertised as earning unlimited CommBank Yello points, subject to the customer being eligible for CommBank Yello, which includes holding an eligible transaction account. [2] [6]

The Smart card carries a $19 monthly fee, waived for a statement period in which at least $2,000 is spent on the card; the Ultimate card carries a $35 monthly fee, waived at $4,000 of spend in a statement period. [2] [6] From the first statement issued on or after 1 January 2027, the spend-based fee waiver is removed and the full monthly fee applies to each card. [2] [6] Both cards list a 20.99% p.a. purchase interest rate and an interest-free period on purchases of up to 44 days, with minimum credit limits of $2,000 for Smart and $6,000 for Ultimate. [2] [6]

Earning points

What the pages do publish is a travel earn rate through Travel Booking, provided by Hopper: up to 21.5 points per $1 until 30 September 2027, determined by the customer's CommBank Yello tier, with points redeemable against all or part of a booking. [2] [6] A separate note sets promotional rates from 1 October 2026 to 30 September 2027 of 20 points per $1 on hotel or car bookings and 10 points per $1 on flight bookings made through Travel Booking, which apply instead of the standard earn rates during that window. [2] [6]

New cardholders may also earn a sign-up bonus. The Smart offer is 30,000 CommBank Yello points after spending $4,500 within 90 days of activation, plus another 30,000 points after keeping the account open for more than 12 months. [2] [6] The Ultimate offer is 50,000 points after spending $9,000 within 90 days, plus another 50,000 points at the 12-month mark, with up to $300 in travel credits on the initial spend and up to $300 in travel credits each year. [2] [6] In both cases the customer must be eligible for CommBank Yello within 90 days of card activation and again at the 12-month anniversary of activation. [2] [6] Points are typically paid within 31 days of the eligibility requirements being met and appear as "Credit Card Sign-Up offer" in Yello points activity. [2] [6]

Redeeming points and using credits

CommBank describes Yello points as earned and redeemed through eligible shopping, travel and other Yello offers, and states that a customer must also be eligible for CommBank Yello when choosing to redeem points. [2] [6] Through Travel Booking, points can be applied to all or part of a flight, hotel or car booking. [2] [6]

Two non-point benefits sit alongside the programme. Travel credits build at $10 a month on Smart, up to $120 a year, and $25 a month on Ultimate, up to $300 a year, for use on Travel Booking provided by Hopper; they expire one year from the date granted, issued or credited, are not transferable or exchangeable for cash, and are forfeited if the customer no longer holds an open and active eligible CommBank card. [2] [6] Dining credits also accrue at $10 a month, up to $120 a year, for use on Dine in Deals provided by EatClub, and expire 12 months after being credited. [2] [6]

Exceptions and limits

• Sign-up offer eligibility. The Smart and Ultimate offers each commenced 29 September 2026 and are available only on new applications for that card; they are not available to customers who held an activated Awards card (standard, gold, platinum or diamond) or a Smart or Ultimate card in the previous 24 months as a primary cardholder, or who switch from another card type. [2] [6] Each offer is limited to one credit card per customer. [2] [6]
• What counts as spend. Cash advances and refunds are not eligible spend; spend is assessed using the original transaction date, and refunds processed during the spend period increase the amount that must be spent. [2] [6]
• Unpaid bonuses. Points not yet paid are forfeited if the card account is closed, switched to another card, or in default at any time before the points are credited. [2] [6]
• Eligibility review. CommBank says Yello eligibility is typically assessed at the beginning of each calendar month based on the previous month's activity, that the exact assessment date may vary, and that offer eligibility conditions apply and offers may vary between customers. [2] [6]
• Changes and tax. CommBank may vary or withdraw the offers acting fairly and reasonably, the travel credit benefit is described as subject to change and removal without notice, and CommBank notes there may be tax implications of receiving Yello points under the offer. [2] [6]
• Separate cashback. Mastercard Travel Rewards cashback on the Smart and Ultimate Mastercards is a distinct benefit from Yello points: it requires payment in the offer's overseas currency at a participating merchant outside Australia, and cashback may take up to 30 days to appear on the statement. [2] [6]

Related pages

Because Yello points have no published cash value or partner list, the general concepts are worth reading alongside this profile: the card selection framework, flexible points, cents per point and points devaluation. For a comparison point on how another bank-issued rewards currency is structured, see Amex Membership Rewards (Australia), and for definitions used across the site see the glossary.

Sources

Sources accessed on 18 October 2026.

1. CommBank credit cards and card features, checked 18 October 2026
2. CommBank credit cards comparison page, checked 18 October 2026