Key Cardholder Benefits
- Enjoy carefree travel and shopping and pay no international transaction fees for purchases you make overseas or online.
- Ultimate Awards gives you exclusive access to Mastercard® Airport Experiences provided by LoungeKey, with access to over 1,000 lounges worldwide.
- Get cashback offers when you travel overseas and pay with your Ultimate Awards Mastercard at participating merchants.
- Not a Qantas Frequent Flyer yet? Join free and save $99.50 with the Ultimate Awards Mastercard.
The annual fee for the Commbank Ultimate Awards Credit Card is $35 per month ($420 per year), but you can get this fee waived if you spend at least $2,500 in your statement period and choose to receive online statements.
You will also be charged a $30 Qantas Points opt-in fee which is per credit card account earning Qantas points. This means adding additional users with credit cards earning Qantas points will cost you $30 each.
So overall, the card can cost you as much as $450 per year ($420 annually + $30 Qantas points opt-in fee) or as low as $30 per year ($0 annually due to meeting requirements + $30 Qantas points opt-in fee). This doesn't include the additional $30 per user if you choose to add additional cardholders.
Qantas Points Calculator
Input your monthly and yearly spend amounts into the calculator to find out how much you can earn. Compare the results side by side up to 2 credit cards to find out which cards are best for you.
Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site, so there's no need to re-enter spend when viewing other credit cards.