New rewards and benefits with credit cards from Commonwealth Bank
7 October 2009
Commonwealth Bank has announced that it will be introducing new benefits and rewards within its credit cards range as the major bank revamps its popular Commonwealth Awards program. The newly shaped Commonwealth Bank credit cards range will have lower interest rates with new rewards and benefits in addition to the introduction of two new credit cards.
The bank stated that it has introduced these new awards conditions and programs in an effort to meet new customer preferences when it comes to credit cards. Among the most popular demands were bigger rewards, no annual fees and lower interest rates.
Two New Credit Cards for Commonwealth Bank
From October 2009 the Commonwealth Bank will have on offer two new credit cards that are boasting their appeal for the Low Rate and Low Fee markets.
These cards are:
- Commonwealth Bank Awards Visa or MasterCard
- Commonwealth Bank Awards American Express Card.
With both of these new credit cards there will be an option for existing Commonwealth Awards cardholders to link two cards to one account. This means that there will be only one set of annual fees and credit limits attached.
Commonwealth Bank Executive General Manager of Credit Cards stated in a press release
"For our customers who prefer not to pay annual fees, we are launching our Low Fee and Low Fee Gold cards which will provide eligible Commonwealth Bank customers with the option of an annual fee free credit card with up to 55 interest free days."
"Our new relationship with American Express means existing and new Commonwealth Awards customers can now gain awards faster by earning more points on what they spend." Mr Karpin said.
"The Commonwealth Bank is also the first major bank brand to introduce a Low Rate Gold Credit Card providing the benefits of an ongoing low interest rate and enhanced Gold benefits such as complimentary international travel and extended warranty insurance.
"Existing Commonwealth Awards cardholders will start to receive information about the benefits and details on how to request our new Awards card offering in the coming weeks," added Mr Karpin.
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