Commonwealth Bank unveils rewards change for 9 million Aussies in major overhaul ahead of RBA ban

Australia’s biggest bank has unveiled a major overhaul to how Aussies can earn rewards points as banks tweak their offerings ahead of the Reserve Bank of Australia’s (RBA) looming card surcharge ban.
CommBank

CommBank Yello is becoming a points program. Here's what’s changing.

From 1 October 2026, eligible customers can earn points across their everyday banking, not just their credit card spend.

Is CBA’s revamped rewards scheme worth it?

Leaving aside the Qantas kick in the teeth, CBA’s revamped Yello rewards scheme is an interesting – possibly just extra – option for customers.

Major banks hike fees, slash credit card rewards ahead of RBA surcharge ban on October 1

Australia’s biggest banks are hiking credit card fees and slashing rewards perks for customers as they try to claw back millions in revenue ahead of the Reserve Bank of Australia’s surcharge ban.
The Australian

CBA overhauls credit cards making it harder for customers to earn Qantas points

On Tuesday Commonwealth Bank announced it was making changes to its credit-card scheme, including launching Discover Card in Australia from October as the banking sector readjusts to the RBA’s changes ...