CommBank Diamond Awards Credit Card

Card Value & CommBank Awards Points Calculators
CommBank Diamond Awards Credit Card

The CommBank Diamond Awards credit card earns 1.25X points on all purchases with the ability to earn up to 1 million points per year. It offers cashback benefits through CommBank Rewards, international travel insurance and purchase coverage, and Mastercard benefits including Priceless Cities and Mastercard Travel Rewards.

This card is no longer available for sale as of 3 June 2023.

Rewards Rates

Earn 1.25 Awards points for every dollar spent on the card, up to 1 million points per year.

Key Cardholder Benefits

  • Enjoy cashback offers when you travel overseas and pay with your Diamond Awards Mastercard at participating merchants.
  • Cashback benefits for eligible cardholders through CommBank Rewards in the CommBank app.
  • Enjoy Mastercard benefits such as Priceless Cities and cash back offers through Mastercard Travel Rewards.
  • Simply activate before you travel and be protected with international travel insurance.
  • Enjoy up to 1 year extended warranty on most purchases and purchase security insurance for lost, stolen, or damaged purchases.

Rewards Value

CommBank Awards points earned with the Diamond Awards credit card are worth 0.5 cents apiece on average. This means 10,000 points are equal to around $50 in value.

Here's our valuations for CommBank Awards points:

CommBank Awards Value
Redemption options Redemption value (in cents)
Booking flights with Flight Centre 0.5
Pay with points at Myer 0.5
Cash back and statement credits 0.5
Gift cards 0.46 - 0.48
Point transfers to partners 0.25 - 1+
Awards eShop 0.2 - 0.3
Donations to charity 0.53

Transfer Partners

Points earned with the CommBank Diamond Awards credit card can be transferred to the following partners:


Annual Fees

The CommBank Diamond Awards credit card has an annual fee of $349. Additional cardholders can be added for an annual fee of $10 per cardholder.

Awards Points Calculator

Use the rewards calculator to calculate Awards points per $1 spent and the cash value of the CommBank Diamond Awards credit card. 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.

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