Determined To Offer More Rewarding Points To Award Cardholders

Determined to Offer More Rewarding Points to Award Cardholders

Sydney, 10 May 2010: From today, Commonwealth Bank Award credit cardholders will be able to redeem points at any Flight Centre for a wide range of travel essentials including flights, car hire, cruises and hotels.

Commonwealth Bank's Ross McEwan, Group Executive Retail Banking Services, explains further, "Our partnership with Flight Centre means Awards cardholders can benefit from more choice and importantly, are not restricted by limited availability, as with some frequent flyer awards. By redeeming points with Flight Centre, Awards customers have the choice of any available airline, seat, hotel, car hire, tour and cruise making booking travel a lot more flexible."

The expertise, lowest airfare guarantee and retail footprint of Flight Centre means Commonwealth Bank Award cardholders are in the best possible position to get the most value for their points, in the most convenient way.

Awards cardholders will benefit from:

* More choice with access to any available flight, seat, hotel, car hire, tour and cruise through Flight Centre
* Access to Flight Centre's expert and experienced travel consultants who are committed to providing travel plans to suit every customer's budget
* Greater value through Flight Centre's lowest airfare guarantee
* The convenience of 840 retail travel locations operated by the Flight Centre Limited Group, including: Flight Centre, Escape Travel, Student Flights, Travel Associates and Cruiseabout. Customers will also be able to redeem points online through the Commonwealth Awards website and over the phone by calling 133 133
* The ability to redeem points instantly or 'Points Plus Pay' which will enable customers who do not have enough points/wish to use all their points, to supplement points with their credit card. Plus they will earn points on any credit card spend.

This strategic partnership offers cardholders flexibility and choice when it comes to redeeming points and is testament to the Bank's commitment to delivering greater value and enhanced benefits to its customers.

For more information, please visit: www.commbank.com.au/awards

ENDS

For more information contact:
Sarah Gibbons
Commonwealth Bank
Ph: (02) 9118 1706
Mobile: 0403 681 515


SOURCE: Commonwealth Bank