Commonwealth Bank CommBank Ultimate Credit Card — Australia
0.5 Yello Point per AUD 1 on eligible domestic purchases and 2 per AUD 1 on international transactions at the entry Yello tier; higher Yello tiers earn more (0.75, 1 and 1.5 on domestic purchases). Travel Booking and Dine In Deals earn more.
- Annual card + required rewards fees
- A$420.00
- Reward currency
- CommBank Yello Points
- Card type
- Personal credit card
- Mileage route
- Bank points
- Record checked
- 2026-10-20
- First-year card fee
- Not verified
How earning and transfers work
Yello Points can be transferred to Qantas Frequent Flyer (opt-in, annual fee) or Velocity; rates apply.
| Program | Conversion | Minimum / increment | Timing / source |
|---|---|---|---|
| Qantas Frequent Flyer | 3000 CommBank Yello Points → 1000 airline units | Not verified / Not verified | Eligible Yello Points transfer automatically per the selected preference; points are typically paid within 31 calendar days after redeeming CommBank's examples show 3,000 Yello Points = 1,000 Qantas Points. Requires opting in and linking a Qantas account in the CommBank app from 1 October 2026; AUD 149 annual transfer fee per customer applies. Official terms |
| Velocity Frequent Flyer | 2500 CommBank Yello Points → 1000 airline units | Not verified / Not verified | Transfer times vary by program; CommBank shows the timeframe before you confirm CommBank's examples show 2,500 Yello Points = 1,000 Velocity Points. Which cards are eligible for Velocity is not stated in the FAQ; conversion rate, fee and minimum are displayed before confirming. Official terms |
Eligibility and important conditions
Earning Yello Points requires being eligible for CommBank Yello, including holding an eligible transaction account.
Monthly fee is AUD 35 (annualised AUD 420). Until the end of 2026 the monthly fee is AUD 0 if you spend at least AUD 4,000 in the statement period; from the first statement on or after 1 January 2027 that waiver is removed. The base earn depends on the customer's Yello tier. Welcome points and AUD 300 travel credit are excluded. Older CommBank Awards cards are no longer sold and are not listed.
- Fee waiver
- Not verified
- Transaction rounding
- Not verified
- Points expiry
- Yello Points expire after two years of inactivity (no points earned or redeemed), per the CommBank Yello FAQ.
- Minimum transfer
- Not verified
- Transfer fee
- AUD 149 annual Qantas transfer fee per customer (not per card); disclosed before opting in
- Transfer timing
- Not verified
Verification and sources
Listed on official product website; application subject to approval
Partial record. A source link does not verify every field.
Missing values remain unverified. Earnings, caps, expiry and transaction rounding can differ from a simple headline rate. Numerical reward estimates are disabled unless the full earning model is supported.
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Transfer checklist · Award booking checklist
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