Commonwealth Bank Credit Cards

Commonwealth Bank (CommBank) is a provider of credit cards, loans, bank accounts, investment products, and insurance products.

“When we believe, we CAN.”CommBank Logo

Types of Commonwealth Bank Credit Cards

The Commonwealth Bank of Australia (also called CommBank) offers a range of 9 credit card products:

Rewards Cards:

  1. Diamond Awards Credit Card
  2. Platinum Awards Credit Card
  3. Gold Awards Credit Card
  4. Awards Credit Card

Low Fee Cards:

  1. Low Fee Credit Card
  2. Low Fee Gold Credit Card
  3. Student Credit Card

Low Rate Cards:

  1. Low Rate Gold Credit Card
  2. Low Rate Credit Card

We have outlined the features and rates of the Commonwealth Bank credit card suite below.

We have written separately about the Commonwealth Bank’s business credit cards; you can read about them here.

Sign-up bonus offers apply from time to time.

The inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current options and inclusions for the product you are considering.

Compare Credit Cards with CANSTAR

CommBank Diamond Awards Credit Card

FeaturesCommBank Diamond Awards Credit Card

  • Card type: American Express and MasterCard
  • Minimum credit limit: $15,000
  • Rewards program:
    • Rewards points: Earn up to 3 Awards points for every dollar spent on eligible purchases with American Express; earn up to 1.25 Awards point for every dollar spent on MasterCard. Points are capped at 1 million points/year. CommBank advertises that points are redeemable for “almost anything”; terms and conditions may apply.
    • Concierge: 24/7 personal concierge available worldwide.
    • Exclusive offers: American Express Connect, World Privileged MasterCard, and entré with AMEX rewards programs offer benefits including exclusive pre-sale access to event tickets, entertainment experiences, lounge access, dining, and shopping offers.
    • Travel money: Cardholders can get a CommBank travel money card with $0 issue fee.
  • Contactless payments: MasterCard PayPass enables contactless payments using the card for purchases under $100. Or Tap & Go using your smartphone with the digital wallet in the CommBank mobile banking app.
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (complimentary):
    • Complimentary International Travel Insurance including unlimited cover for emergency overseas medical and hospital expenses. No minimum spend required – simply use online banking to activate cover.
    • Purchase Security Insurance protects against loss, theft, or accidental damage on a range of personal items purchased on the card, for up to 3 months from date of purchase.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on a range of personal items purchased on the card, for up to an additional 12 months.
  • Insurance (optional):
    • Credit Card Plus Insurance is available for an additional cost of $0.45/month for every $100 in card balance. This cover can pay up to 20% of the card balance or 10 times the minimum monthly repayment due if you become involuntarily unemployed, or become temporarily disabled. It also covers paying off your balance up to $25,000 if you become permanently disabled, become terminally ill, or pass away. It also covers an additional lump sum payment of $25,000 to you or your estate for permanent disablement, terminal illness, or death.
  • Security: Card protected by award-winning Lock, Block, Limit feature, MasterCard Zero Liability protection against unauthorised transactions, 100% fraud money back guarantee, secure online shopping with NetCode security code authorisations, chip technology, and 24/7 worldwide emergency assistance if you need a card replacement.

Rates and Fees

  • Interest rate on purchases: 24% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 24% p.a.
  • Cash advance fee: Greater of 2% or $2.50 via ATM or over the counter
  • Balance transfer rate: 99% for first 5 months (afterwards reverts to 21.24% p.a.)
  • Annual fee: $349
  • Additional cardholder annual fee: $10/card for additional cardholders
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas and all international online shopping purchases. Greater of 2% or $2.50 for international cash advances.
  • Paper statement fee: $0
  • Late fee for overdue minimum payment: $20
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Source: CommBank

Compare Premium Credit Cards with CANSTAR

CommBank Platinum Awards Credit Card

FeaturesCommBank Platinum Awards Credit Card

  • Card type: American Express and MasterCard
  • Minimum credit limit: $6,000
  • Rewards program:
    • Rewards points: Earn up to 2.5 Awards points for every dollar spent on eligible purchases with American Express; earn 1 Awards point for every dollar spent on MasterCard. Points are capped at 250,000 points/year. Points are redeemable for gift cards, merchandise, cashback, travel, and more.
    • Concierge: 24/7 personal concierge available worldwide.
    • Exclusive offers: American Express Connect, MasterCard Priceless Sydney, MasterCard Privileges, and entré with AMEX rewards programs offer benefits including exclusive pre-sale access to event tickets, entertainment experiences, lounge access, dining, and shopping offers.
    • Travel money: Cardholders can get a CommBank travel money card with $0 issue fee.
  • Contactless payments: MasterCard PayPass enables contactless payments using the card for purchases under $100. Or Tap & Go using your smartphone with the digital wallet in the CommBank mobile banking app.
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (complimentary):
    • Complimentary International Travel Insurance including unlimited cover for emergency overseas medical and hospital expenses. No minimum spend required – simply use online banking to activate cover.
    • Purchase Security Insurance protects against loss, theft, or accidental damage on a range of personal items purchased on the card, for up to 3 months from date of purchase.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on a range of personal items purchased on the card, for up to an additional 12 months.
  • Insurance (optional):
    • Credit Card Plus Insurance is available for an additional cost of $0.45/month for every $100 in card balance. This cover can pay up to 20% of the card balance or 10 times the minimum monthly repayment due if you become involuntarily unemployed, or become temporarily disabled. It also covers paying off your balance up to $25,000 if you become permanently disabled, become terminally ill, or pass away. It also covers an additional lump sum payment of $25,000 to you or your estate for permanent disablement, terminal illness, or death.
  • Security: Card protected by award-winning Lock, Block, Limit feature, MasterCard Zero Liability protection against unauthorised transactions, 100% fraud money back guarantee, secure online shopping with NetCode security code authorisations, chip technology, and 24/7 worldwide emergency assistance if you need a card replacement.

Rates and Fees

  • Interest rate on purchases: 24% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 24% p.a.
  • Cash advance fee: Greater of 2% or $2.50 via ATM or over the counter
  • Balance transfer rate: 99% for first 5 months (afterwards reverts to 21.24% p.a.)
  • Annual fee: $249
  • Additional cardholder annual fee: $10/card for additional cardholders
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas and all international online shopping purchases. Greater of 2% or $2.50 for international cash advances.
  • Paper statement fee: $0
  • Late fee for overdue minimum payment: $20
  • Over-the-limit fee: $0
  • Dishonour fee: $0

CommBank Gold Awards Credit Card

About-Commonwealth-Bank-Business-Gold-Awards-Credit-Cards

Features

  • Card type: American Express and MasterCard
  • Minimum credit limit: $4,000
  • Rewards program:
    • Rewards points: Earn up to 2 Awards points for every dollar spent on eligible purchases with American Express; earn 1 Awards point for every dollar spent on MasterCard. Points are capped at 125,000 points/year. Points are redeemable for gift cards, merchandise, cashback, travel, and more.
    • Exclusive offers: American Express Connect and MasterCard Priceless Sydney offer benefits including exclusive pre-sale access to event tickets, entertainment experiences, lounge access, dining, and shopping offers.
    • Travel money: Cardholders can get a CommBank travel money card with $0 issue fee.
  • Contactless payments: MasterCard PayPass enables contactless payments using the card for purchases under $100. Or Tap & Go using your smartphone with the digital wallet in the CommBank mobile banking app.
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (complimentary):
    • Complimentary International Travel Insurance including unlimited cover for emergency overseas medical and hospital expenses. No minimum spend required – simply use online banking to activate cover.
    • Purchase Security Insurance protects against loss, theft, or accidental damage on a range of personal items purchased on the card, for up to 3 months from date of purchase.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on a range of personal items purchased on the card, for up to an additional 12 months.
  • Insurance (optional):
    • Credit Card Plus Insurance is available for an additional cost of $0.45/month for every $100 in card balance. This cover can pay up to 20% of the card balance or 10 times the minimum monthly repayment due if you become involuntarily unemployed, or become temporarily disabled. It also covers paying off your balance up to $25,000 if you become permanently disabled, become terminally ill, or pass away. It also covers an additional lump sum payment of $25,000 to you or your estate for permanent disablement, terminal illness, or death.
  • Security: Card protected by award-winning Lock, Block, Limit feature, MasterCard Zero Liability protection against unauthorised transactions, 100% fraud money back guarantee, secure online shopping with NetCode security code authorisations, chip technology, and 24/7 worldwide emergency assistance if you need a card replacement.

Rates and Fees

  • Interest rate on purchases: 24% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 24% p.a.
  • Cash advance fee: Greater of 2% or $2.50 via ATM or over the counter
  • Balance transfer rate: 99% for first 5 months (afterwards reverts to 21.24% p.a.)
  • Annual fee: $119
  • Additional cardholder annual fee: $10/card for additional cardholders
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas and all international online shopping purchases. Greater of 2% or $2.50 for international cash advances.
  • Paper statement fee: $0
  • Late fee for overdue minimum payment: $20
  • Over-the-limit fee: $0
  • Dishonour fee: $0

CommBank Awards Credit Card

FeaturesCommBank Awards Credit Cards

  • Card type: American Express and MasterCard
  • Minimum credit limit: $500
  • Rewards program:
    • Rewards points: Earn up to 1.5 Awards points for every dollar spent on eligible purchases with American Express; earn 1 Awards point for every dollar spent on MasterCard. Points are capped at 50,000 points/year. Points are redeemable for gift cards, merchandise, cashback, travel, and more.
    • Exclusive offers: American Express Connect benefits include exclusive pre-sale access to event tickets, lounge access, dining, and shopping offers.
  • Contactless payments: MasterCard PayPass enables contactless payments using the card for purchases under $100. Or Tap & Go using your smartphone with the digital wallet in the CommBank mobile banking app.
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (optional):
    • Credit Card Plus Insurance is available for an additional cost of $0.45/month for every $100 in card balance. This cover can pay up to 20% of the card balance or 10 times the minimum monthly repayment due if you become involuntarily unemployed, or become temporarily disabled. It also covers paying off your balance up to $25,000 if you become permanently disabled, become terminally ill, or pass away. It also covers an additional lump sum payment of $25,000 to you or your estate for permanent disablement, terminal illness, or death.
  • Security: Card protected by award-winning Lock, Block, Limit feature, MasterCard Zero Liability protection against unauthorised transactions, 100% fraud money back guarantee, secure online shopping with NetCode security code authorisations, chip technology, and 24/7 worldwide emergency assistance if you need a card replacement.

Rates and Fees

  • Interest rate on purchases: 24% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 24% p.a.
  • Cash advance fee: Greater of 2% or $2.50 via ATM or over the counter
  • Balance transfer rate: 99% for first 5 months (afterwards reverts to 21.24% p.a.)
  • Annual fee: $59
  • Additional cardholder annual fee: $10/card for additional cardholders
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas and all international online shopping purchases. Greater of 2% or $2.50 for international cash advances.
  • Paper statement fee: $0
  • Late fee for overdue minimum payment: $20
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Compare Rewards Credit Cards with CANSTAR

CommBank Low Fee Gold Credit Card

FeaturesCommBank Low Fee Gold Credit Card

  • Card type: MasterCard
  • Minimum credit limit: $4,000
  • Rewards program:
    • Exclusive offers: MasterCard Priceless Cities provides access to local and international experiences, shopping, dining, and hotel offers.
    • Travel money: Cardholders can get a CommBank travel money card with $0 issue fee.
  • Contactless payments: MasterCard PayPass enables contactless payments using the card for purchases under $100. Or Tap & Go using your smartphone with the digital wallet in the CommBank mobile banking app.
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (complimentary):
    • Complimentary International Travel Insurance (with Allianz Global Assistance) including unlimited cover for emergency overseas medical and hospital expenses. No minimum spend required – simply use online banking to activate cover.
    • Purchase Security Insurance protects against loss, theft, or accidental damage on a range of personal items purchased on the card, for up to 3 months from date of purchase.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on a range of personal items purchased on the card, for up to an additional 12 months.
  • Insurance (optional):
    • Credit Card Plus Insurance is available for an additional cost of $0.45/month for every $100 in card balance. This cover can pay up to 20% of the card balance or 10 times the minimum monthly repayment due if you become involuntarily unemployed, or become temporarily disabled. It also covers paying off your balance up to $25,000 if you become permanently disabled, become terminally ill, or pass away. It also covers an additional lump sum payment of $25,000 to you or your estate for permanent disablement, terminal illness, or death.
  • Security: Card protected by award-winning Lock, Block, Limit feature, MasterCard Zero Liability protection against unauthorised transactions, 100% fraud money back guarantee, secure online shopping with NetCode security code authorisations, chip technology, and 24/7 worldwide emergency assistance if you need a card replacement.

Rates and Fees

  • Interest rate on purchases: 74% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 24% p.a.
  • Cash advance fee: Greater of 2% or $2.50 via ATM or over the counter
  • Balance transfer rate: 99% for first 5 months (afterwards reverts to 21.24% p.a.)
  • Annual fee: $0 for first year, $0/year if you spend $10,000 or more in the previous year, $89/year otherwise
  • Additional cardholder annual fee: $0 for one additional card
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas and all international online shopping purchases. Greater of 2% or $2.50 for international cash advances.
  • Paper statement fee: $0
  • Late fee for overdue minimum payment: $20
  • Over-the-limit fee: $0
  • Dishonour fee: $0

CommBank Low Fee Credit Card

CommBank Low Fee Credit Card

Features

  • Card type: MasterCard
  • Minimum credit limit: $500
  • Rewards program:
    • Exclusive offers: MasterCard Priceless Cities provides access to local and international experiences, shopping, dining, and hotel offers.
  • Contactless payments: MasterCard PayPass enables contactless payments using the card for purchases under $100. Or Tap & Go using your smartphone with the digital wallet in the CommBank mobile banking app.
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (optional):
    • Credit Card Plus Insurance is available for an additional cost of $0.45/month for every $100 in card balance. This cover can pay up to 20% of the card balance or 10 times the minimum monthly repayment due if you become involuntarily unemployed, or become temporarily disabled. It also covers paying off your balance up to $25,000 if you become permanently disabled, become terminally ill, or pass away. It also covers an additional lump sum payment of $25,000 to you or your estate for permanent disablement, terminal illness, or death.
  • Security: Card protected by award-winning Lock, Block, Limit feature, MasterCard Zero Liability protection against unauthorised transactions, 100% fraud money back guarantee, secure online shopping with NetCode security code authorisations, chip technology, and 24/7 worldwide emergency assistance if you need a card replacement.

Rates and Fees

  • Interest rate on purchases: 74% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 24% p.a.
  • Cash advance fee: Greater of 2% or $2.50 via ATM or over the counter
  • Balance transfer rate: 99% for first 5 months (afterwards reverts to 21.24% p.a.)
  • Annual fee: $0 for first year, $0/year if you spend $1,000 or more in the previous year, $29/year otherwise
  • Additional cardholder annual fee: $0 for one additional card
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas and all international online shopping purchases. Greater of 2% or $2.50 for international cash advances.
  • Paper statement fee: $0
  • Late fee for overdue minimum payment: $20
  • Over-the-limit fee: $0
  • Dishonour fee: $0

CommBank Student Credit Card

FeaturesCommBank Student Credit Card

  • Card type: MasterCard
  • Minimum credit limit: $400
  • Rewards program:
    • Exclusive offers: MasterCard Privileges and MasterCard Priceless Sydney provides access to a collection of exclusive experiences and offers.
  • Contactless payments: MasterCard PayPass enables contactless payments using the card for purchases under $100. Or Tap & Go using your smartphone with the digital wallet in the CommBank mobile banking app.
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (optional):
    • Credit Card Plus Insurance is available for an additional cost of $0.45/month for every $100 in card balance. This cover can pay up to 20% of the card balance or 10 times the minimum monthly repayment due if you become involuntarily unemployed, or become temporarily disabled. It also covers paying off your balance up to $25,000 if you become permanently disabled, become terminally ill, or pass away. It also covers an additional lump sum payment of $25,000 to you or your estate for permanent disablement, terminal illness, or death.
  • Security: Card protected by award-winning Lock, Block, Limit feature, MasterCard Zero Liability protection against unauthorised transactions, 100% fraud money back guarantee, secure online shopping with NetCode security code authorisations, chip technology, and 24/7 worldwide emergency assistance if you need a card replacement.

Rates and Fees

  • Interest rate on purchases: 74% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 24% p.a.
  • Cash advance fee: Greater of 2% or $2.50 via ATM or over the counter
  • Balance transfer rate: 99% for first 5 months (afterwards reverts to 21.24% p.a.)
  • Annual fee: $0 for first year, $0/year if you spend $1,000 or more in the previous year, $29/year otherwise
  • Additional cardholder annual fee: $0
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas and all international online shopping purchases. Greater of 2% or $2.50 for international cash advances.
  • Paper statement fee: $0
  • Late fee for overdue minimum payment: $20
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Compare Low Fee Credit Cards with CANSTAR

CommBank Low Rate Gold Credit Card

FeaturesCommBank Low Rate Gold Credit Card

  • Card type: MasterCard
  • Minimum credit limit: $4,000
  • Rewards program:
    • Exclusive offers: MasterCard Privileges and MasterCard Priceless Sydney provides access to exclusive entertainment offers and experiences.
    • Travel money: Cardholders can get a CommBank travel money card with $0 issue fee.
  • Contactless payments: MasterCard PayPass enables contactless payments using the card for purchases under $100. Or Tap & Go using your smartphone with the digital wallet in the CommBank mobile banking app.
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (complimentary):
    • Complimentary International Travel Insurance (with Allianz Global Assistance) including unlimited cover for emergency overseas medical and hospital expenses. No minimum spend required – simply use online banking to activate cover.
    • Purchase Security Insurance protects against loss, theft, or accidental damage on a range of personal items purchased on the card, for up to 3 months from date of purchase.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on a range of personal items purchased on the card, for up to an additional 12 months.
  • Insurance (optional):
    • Credit Card Plus Insurance is available for an additional cost of $0.45/month for every $100 in card balance. This cover can pay up to 20% of the card balance or 10 times the minimum monthly repayment due if you become involuntarily unemployed, or become temporarily disabled. It also covers paying off your balance up to $25,000 if you become permanently disabled, become terminally ill, or pass away. It also covers an additional lump sum payment of $25,000 to you or your estate for permanent disablement, terminal illness, or death.
  • Security: Card protected by award-winning Lock, Block, Limit feature, MasterCard Zero Liability protection against unauthorised transactions, 100% fraud money back guarantee, secure online shopping with NetCode security code authorisations, chip technology, and 24/7 worldwide emergency assistance if you need a card replacement.

Rates and Fees

  • Interest rate on purchases: 49% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 24% p.a.
  • Cash advance fee: Greater of 2% or $2.50 via ATM or over the counter
  • Balance transfer rate: 99% for first 5 months (afterwards reverts to 21.24% p.a.)
  • Annual fee: $89
  • Additional cardholder annual fee: $0
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas and all international online shopping purchases. Greater of 2% or $2.50 for international cash advances.
  • Paper statement fee: $0
  • Late fee for overdue minimum payment: $20
  • Over-the-limit fee: $0
  • Dishonour fee: $0

CommBank Low Rate Credit Card

FeaturesCommBank Low Rate Credit Card

  • Card type: MasterCard
  • Minimum credit limit: $500
  • Contactless payments: MasterCard PayPass enables contactless payments using the card for purchases under $100. Or Tap & Go using your smartphone with the digital wallet in the CommBank mobile banking app.
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (optional):
    • Credit Card Plus Insurance is available for an additional cost of $0.45/month for every $100 in card balance. This cover can pay up to 20% of the card balance or 10 times the minimum monthly repayment due if you become involuntarily unemployed, or become temporarily disabled. It also covers paying off your balance up to $25,000 if you become permanently disabled, become terminally ill, or pass away. It also covers an additional lump sum payment of $25,000 to you or your estate for permanent disablement, terminal illness, or death.
  • Security: Card protected by award-winning Lock, Block, Limit feature, MasterCard Zero Liability protection against unauthorised transactions, 100% fraud money back guarantee, secure online shopping with NetCode security code authorisations, chip technology, and 24/7 worldwide emergency assistance if you need a card replacement.

Rates and Fees

  • Interest rate on purchases: 49% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 24% p.a.
  • Cash advance fee: Greater of 2% or $2.50 via ATM or over the counter
  • Balance transfer rate: 99% for first 5 months (afterwards reverts to 21.24% p.a.)
  • Annual fee: $59
  • Additional cardholder annual fee: $0 for one additional card
  • Minimum monthly repayment: Greater of 2% of balance or $25
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas and all international online shopping purchases. Greater of 2% or $2.50 for international cash advances.
  • Paper statement fee: $0
  • Late fee for overdue minimum payment: $20
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Compare Low Rate Credit Cards with CANSTAR

Eligibility to apply for Commonwealth Bank credit cards

To apply for a Commonwealth Bank credit card, you must be able to satisfy the following criteria:

  • At least 18 years old.
  • Permanent Australian resident.
  • Good credit history.
  • Proof of ability to make regular repayments.

CANSTAR provides an information service. It is not a credit provider, and in giving you information about credit products CANSTAR is not making any suggestion or recommendation to you about a particular credit product.

If you decide to apply for a credit card you will deal directly with the financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes, and additional information.

About Commonwealth Bank

CommBank Logo

The Commonwealth Bank of Australia (CommBank) was founded in 1911 as the government bank for our young nation, and they remain Australia’s largest provider of financial services today. CommBank sponsors the Australian of the Year and Australian of the Day Award.

When it comes to corporate responsibility, CommBank does a lot to support the Australian business community. They distribute more than $2 million in community grants every year to organisations that invest in young people, dollar-match their Staff Community Fund donations giving, and enable staff volunteer hours.

Source: CommBank

As for teaching young people how to manage money well, CommBank starts at a young age with the oldest and largest School Banking program in Australia, Start Smart financial literacy workshops for primary and high school students, and the BeanStalk website.

CommBank has focusses on sustainable business practices when it comes to protecting the environment. In 2015, they exceeded their targets by reducing emissions by 40% against 2009 levels. At CommBank headquarters, the corporate kitchens use sustainably sourced produce from their own vege and herb patch and from local farmers.

Compare Credit Cards with CANSTAR

Source: CommBank

Written by: TJ Ryan