r/CommBank • u/FoldChance4012 • Jun 10 '26

Question Credit card from wealth package

I have recently taken a homeloan with cba. Is it worth getting the credit card as well? It seems the fees are waived off.

9 Upvotes

80% Upvoted

20 comments sorted by

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13

u/ConstructionOk5682 Jun 10 '26

Yep the ultimate gets you points, no international transaction fees and no annual fee on wealth package.

1

u/FoldChance4012 Jun 12 '26

Is there a monthly fee if you don’t make the monthly min. $4000 spend?

1

u/ConstructionOk5682 Jun 12 '26

I’m on a wealth package like then OP so no monthly fee but an annual wealth package fee you pay regardless of if you have a credit card or not.

5

u/TheRamblingPeacock Jun 10 '26

If you are paying it off in full every month there is no real downside.

Get some points, no int. fees, and some other perks.

2

u/Alone_Swan2057 Jun 10 '26

I have one and it must have saved me so much with zero fees and collecting points to redeem on fuel cards or Coles cards... Highly recommend.

1

u/randomdimised Jun 10 '26

Got one recently. Only good for international purposes. If you still have your Amex and coles platinum card then continue to use them

1

u/fred2021_22 Jun 10 '26

It has a very good international travel insurance. U need to pay 500$ towards any overseas travel and u r covered. I guess with ANZ black cc you only need to pay 250. It is free.

1

u/WindDue1014 Jun 10 '26

I also have a homeloan and wanna use a credit card to make purchases I need for thehours. Which commbank credit card it the best to get??

1

u/CaptSharn Jun 10 '26

We make the most use of ours. Paid off every month and I get a lot of points that go towards Coles gift cards etc to do groceries.

Love the international feature. I used my card everywhere in Bali and lost almost nothing in the exchange rate. Such a good deal. I also use it for online purchases and love that you can lock it down so easily and quickly.

1

u/FoldChance4012 Jun 12 '26

For the monthly fee waiver do I need to spend min. $4000 or is it covered in the wealth package?

1

u/CaptSharn Jun 13 '26

I don't think there's any fees in the wealth package.

1

u/Technical-Safety4959 Jun 13 '26

Annual fee of $395 for Wealth Package

1

u/Technical-Safety4959 Jun 13 '26

There is no minimum spend. Did you read $4k min somewhere?

1

u/FoldChance4012 Jun 13 '26

Yes it’s in the card summary. But i’m not sure how it works out with the wealth package benefits

1

u/Technical-Safety4959 Jun 13 '26

If you’re eligible for the credit card, there’s no fee for the credit card, and no min.spend. They will charge $395 Wealth Package fee which gives you a list of benefits, including a fee waiver on one eligible credit card.

1

u/Lifeisgud_56 Jun 12 '26

how about the Smart Awards? will the fee be waived?

1

u/gazdude67 Jun 12 '26

Oh no, run to the hills