Gift card churn value

CommBank Ultimate Awards Credit Card with Qantas Points (with $2,500 per month spend)

Ended — kept for reference

This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.

Explore this offer's terms

Can I get this?

This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.

Can I get this bonus if I have held a card before?

I have not checked the waiting period for this bonus.

See the waiting rules for every Australian bank →

Can I get the card?

I do not have a minimum income for this card.

Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.

How long is this available?

I do not have an end date for this offer.

Should I keep it after the first year?

Keeping the card costs $0 each year — the first year was $0.

There is no bonus in year two. The fee buys points on your spending, plus the card's perks.

Keeping pays off only if the ongoing earn and benefits are worth $0/yr to you.

The maths behind churn value

These points do not buy gift cards on the terms I have.

This offer has ended. I keep this page so you can check the old terms.

I cannot do this maths yet. I do not have all the numbers.

No annual fee

Terms and evidence

Full current terms

Offer terms

No Annual FeeOffer Ended

Fees

First Year Annual Fee

Free

Benefit history (5 changes)
  • No Annual FeeUpdated May 2026
  • No Additional Cardholder FeeUpdated May 2026
  • Lounge AccessUpdated May 2026

    Now 2 visits/year · Mastercard Travel Pass (DragonPass).

  • Travel InsuranceUpdated May 2026
  • No International Transaction FeeUpdated May 2026
Offer terms history (1 version — old terms, for checking)

These are published versions of this offer's terms. Each version preserves the conditions available at that time.

Unknown publication date

First recorded terms

Annual Fee:
$0
Source wording history

Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.


Archived notes

Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.

  • Minimum spend increased from $5000 to $6000, Minimum monthly spend required to waive fee inreased from $2500 to $4000 starting August 2023
    3 years ago

Discussion

About these ended terms — not the current offer.


Community and personal tools

Track this card, or suggest a correction. Sign-in required.

Search credit card offers

Loading offers...