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Commonwealth Bank Diamond Awards Credit Card

The CommBank Diamond Awards Credit Card earn you up to 3 Awards points for every dollar you spend, enjoy complimentary insurances, best of class card security and global acceptance at 35 miilion locations and a 24/7 concierge to help with getting things organised.

  • Up to 55 days interest free - on purchases
  • MasterCard PayPass - Tap and Go for purchases under $100
  • High Points Cap - earn 1 million Awards per year
  • Minimum Credit limit - $15,000
  • Transactions updated instantly - so you’ll always know where you stand
  • Location mapping of your card activity - so you can track where you made your transactions
  • Control your security and spending - ability to instantly lock international payments, block ATM cash advances and limit your spending through the CommBank app or on NetBank.
  • International travel insurance - included with your card for no additional charge
  • Additional credit card - for $15 p.a.
  • Global Acceptance -  at over 35 million locations worldwide
  • Card replacement - 24/7 emergency assistance overseas if you lose your card
  • Access entertainment experiences and offers exclusively for MasterCard cardholders - through Priceless Sydney and MasterCard Privileges
  • Our 100% money back guarantee - you’ll never be liable for fraudulent use of your credit card
  • 24-hour fraud protection - detects any abnormal transactions or spending patterns
  • Secure internet shopping - with NetCode
  • Purchase security insurance - repair or replacement of most purchases if lost, stolen or damaged within 90 days
  • Extended warranty insurance - most purchases will gain up to one extra year’s warranty on top of the manufacturer’s Australian warranty.
  • MasterCard® Zero Liability - provides peace of mind of free protection against fraud and other unauthorised transactions made with your card
  • Qantas Point Transfer - For an annual fee of $30, redeem for Qantas points instead of Awards points at the rate of 1 Qantas point = 2.5 CommBank Award points
  • entré™ - Enjoy life’s luxuries - The Diamond Awards American Express Card gives you access to the entré program

 

Award Point Earn Rates

Linked American Express Credit Card

  • Earn 3 Awards points per $1 spent overseas (including purchases made online at overseas websites) and at supermarkets, department stores and petrol stations in Australia. 
  •  Earn 0.5 Awards points per $1 spent everywhere else. 

MasterCard or Visa Card

  • Earn 1.25 Awards points per $1 spent. 
Credit Card Details
Provider Commonwealth Bank
Prestige Level Platinum
Credit Card Type American Express and MasterCard
Instant Approval Yes in 60 seconds
Standard Rates
Purchase Rate 20.24% p.a.
Cash Advance Rate 21.24% p.a.
Interest Charged From Purchase date
Interest Free Period Up to 55 days
Balance Transfer
Balance Transfer Rate 5.99%
Balance Transfer Period 5 months
Balance Transfer Fee -
Balance Transfer Processing Time -
Max. Balance Transfer -
Revert rate -
Benefits
Intro Offer No
Offer end date -
Rewards Program CommBank Awards
Rewards Points -
Acceptance Criteria
Age to Apply 18
Min. Income -
Residency Australia
Temporary residents Yes with a 457 Visa
Min. Credit Limit -
Joint applicants No
Fees & Terms
Min. Monthly Repayment -
Annual Fee $349
Over Limit Fee $10
Duplicate Statement fee $0
Late Payment Fee $20
Min. Monthly Repayment % 2%
Max. Credit Limit -
Cash advance fee $2.50 or 2.00% of the transaction amount (whichever is greater)
Additional card holder fee $15
Travel & Insurance
Foreign currency conversion fee $2.50 or 2.00% of the transaction amount (whichever is greater)
Overseas atm withdrawal fee $2.50
Complimentary travel insurance Yes on medical and hospital expenses, theft/damage/loss; delayed baggage and car hire excess

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