Canonical URL: https://giftcard.news/gift-cards/commbank-awards-closure-yello-gift-card-redemption-transition/ --- description: The old Awards channel closed on September 29, while the bank’s current Yello programme offers gift-card redemption from October 1. title: CommBank completes Awards closure as Yello opens gift-card redemption image: https://giftcard.news/images/social/v1/commbank-completes-awards-closure-yello-opens-gift-card-redemption-47f6e002a5b3f5c2c092b1daa5dfa6bc.jpg --- 1. [Home](https://giftcard.news/) 2. [Gift Cards](https://giftcard.news/gift-cards/) # CommBank completes Awards closure as Yello opens gift-card redemption The old Awards channel closed on September 29, while the bank’s current Yello programme offers gift-card redemption from October 1. By [Maya Bennett](https://giftcard.news/author/maya-bennett/) September 29, 2026 2 min read [ Google News ](https://google.com/preferences/source?q=giftcard.news&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news) Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fgift-cards%2Fcommbank-awards-closure-yello-gift-card-redemption-transition%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=CommBank+completes+Awards+closure+as+Yello+opens+gift-card+redemption&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fgift-cards%2Fcommbank-awards-closure-yello-gift-card-redemption-transition%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "LinkedIn") [ ](https://wa.me/?text=CommBank+completes+Awards+closure+as+Yello+opens+gift-card+redemption+https%3A%2F%2Fgiftcard.news%2Fgift-cards%2Fcommbank-awards-closure-yello-gift-card-redemption-transition%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "WhatsApp") ![Customer hands holding a blue card at a retail payment terminal](https://giftcard.news/images/variants/v1/commbank-completes-awards-closure-yello-opens-gift-card-redemption-customer-hands-holding-w1280.webp) Illustrative retail card photograph. It does not depict a card, merchant or provider involved in this report. Photo: SpotOn / Unsplash [Commonwealth Bank](https://giftcard.news/company/commonwealth-bank/) has completed the closure of its CommBank Awards programme, moving its rewards distribution toward CommBank Yello. The official Awards portal confirms that the old programme closed on September 29. Customers can no longer earn, redeem or transfer Awards points through that programme. The bank's current Yello page says eligible customers can earn, redeem or transfer points from October 1 and includes participating-brand gift cards among the redemption options. This is the completed operating transition described in an August 18 announcement, rather than a newly discovered September announcement. The earlier plan and the later closure have separate original dates. The current page illustrates gift-card value with a Myer example: 12,500 Yello points for an AUD50 card. The bank identifies that as an October 1 illustration and says redemption values, availability and eligibility can change. The same bank page illustrates 100,000 points buying AUD600 off a Hopper travel booking. Normalising the two published examples gives AUD4 of Myer gift-card value and AUD6 of travel-booking value per 1,000 points. That calculation explains why the selected gift-card example is not a universal cash rate. Both examples are labelled illustrative and correct as at October 1, with prices, availability and eligibility subject to change. The data behind the story ### Two bank-published illustrations imply different point values Australia; Commonwealth Bank examples labelled correct as at October 1, 2026. AUD reward value per 1,000 points AUD reward value per 1,000 points Tap or hover for details. All values are also available in the data table. Source CommBank Yello published illustrative examples Calculated as AUD50 / 12,500 points × 1,000 and AUD600 / 100,000 points × 1,000\. These are the bank’s own published illustrations, not invented scenarios, guaranteed current tariffs, actual redemption behaviour or financial recommendations. Show data tableHide data table Scroll left or right to see all columns __Two bank-published illustrations imply different point values (AUD reward value per 1,000 points)__ | Category | AUD reward value per 1,000 points | | ---------------------------------- | ----------------------------------- | | Myer gift-card illustration | 4 AUD reward value per 1,000 points | | Hopper travel-booking illustration | 6 AUD reward value per 1,000 points | For gift-card distribution, the change concerns which bank rewards channel customers use to obtain participating retailers' cards. The reviewed pages do not establish that every customer's old balance has already completed its conversion or that points equal cash at a universal rate. ## In this article ### Companies * [Commonwealth Bank](https://giftcard.news/company/commonwealth-bank/) ### Sources and documents * [Original official procurement or company disclosure](https://eshop.commbankawards.com.au/?utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news) — Commonwealth Bank * [Current Yello programme and gift-card redemption](https://www.commbank.com.au/commbank-yello.html?utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news) — Commonwealth Bank * [Official card and rewards transition information](https://www.commbank.com.au/credit-cards/card-updates.html?utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news) — Commonwealth Bank * [Earlier August 18 programme announcement for chronology](https://www.commbank.com.au/articles/newsroom/2026/08/commbank-yello-reimagined.html?utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news) — Commonwealth Bank Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fgift-cards%2Fcommbank-awards-closure-yello-gift-card-redemption-transition%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=CommBank+completes+Awards+closure+as+Yello+opens+gift-card+redemption&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fgift-cards%2Fcommbank-awards-closure-yello-gift-card-redemption-transition%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "LinkedIn") [ ](https://wa.me/?text=CommBank+completes+Awards+closure+as+Yello+opens+gift-card+redemption+https%3A%2F%2Fgiftcard.news%2Fgift-cards%2Fcommbank-awards-closure-yello-gift-card-redemption-transition%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial&utm%5Fsource=giftcard.news&utm%5Fcampaign=giftcard.news "WhatsApp") ![Portrait of Maya Bennett](https://giftcard.news/images/variants/v1/maya-bennett-editorial-portrait-w320.webp) About the author ## [Maya Bennett](https://giftcard.news/author/maya-bennett/) Journalist — Rewards & Loyalty Maya Bennett covers customer loyalty, employee rewards and incentive programmes for Gift Card News. From reading to building ## Your next move in gift cards. Tell us what you’re building. We’ll help you explore suitable providers. [Find a provider ](https://giftcard.news/find-a-provider/) ## Related articles [Gift Cards](https://giftcard.news/gift-cards/) News ### [La Quinta opens a second local gift-card round with a 50% match](https://giftcard.news/gift-cards/la-quinta-second-local-gift-card-match-holiday-2026/) [Emma Carter](https://giftcard.news/author/emma-carter/) November 1, 2026 2 min [Gift Cards](https://giftcard.news/gift-cards/) News ### [Plano plans a second holiday gift-card bonus round](https://giftcard.news/gift-cards/plano-downtown-holiday-gift-card-bonus-2026/) [Emma Carter](https://giftcard.news/author/emma-carter/) October 29, 2026 2 min [Gift Cards](https://giftcard.news/gift-cards/) News ### [Lakewood launches community gift card with a 50% city bonus](https://giftcard.news/gift-cards/lakewood-community-gift-card-city-bonus-launch/) [Emma Carter](https://giftcard.news/author/emma-carter/) October 28, 2026 2 min ```json {"@context":"https://schema.org","@graph":[{"@type":"NewsMediaOrganization","@id":"https://giftcard.news/#publisher","name":"Gift Card News","url":"https://giftcard.news/","description":"News and analysis covering gift cards, retail, loyalty, rewards and payments worldwide.","logo":{"@type":"ImageObject","url":"https://giftcard.news/icon-512.png","contentUrl":"https://giftcard.news/icon-512.png","width":512,"height":512,"@id":"https://giftcard.news/#logo"},"publishingPrinciples":"https://giftcard.news/editorial-policy/","correctionsPolicy":"https://giftcard.news/editorial-policy/"},{"@type":"WebSite","@id":"https://giftcard.news/#website","url":"https://giftcard.news/","name":"Gift Card News","description":"News and analysis covering gift cards, retail, loyalty, rewards and payments worldwide.","inLanguage":"en","publisher":{"@id":"https://giftcard.news/#publisher"},"potentialAction":{"@type":"SearchAction","target":"https://giftcard.news/search/?q={search_term_string}","query-input":"required name=search_term_string"}},{"@type":"Person","@id":"https://giftcard.news/author/maya-bennett/#person","name":"Maya Bennett","url":"https://giftcard.news/author/maya-bennett/","description":"Maya Bennett covers customer loyalty, employee rewards and incentive programmes for Gift Card News.","jobTitle":"Journalist — Rewards & Loyalty","image":{"@type":"ImageObject","url":"https://giftcard.news/images/maya-bennett-editorial-portrait.webp","contentUrl":"https://giftcard.news/images/maya-bennett-editorial-portrait.webp","width":1254,"height":1254,"caption":"Illustrated portrait representing the Maya Bennett editorial profile.","@id":"https://giftcard.news/images/maya-bennett-editorial-portrait.webp#image","encodingFormat":"image/webp","description":"Illustrated portrait for Maya Bennett, a Gift Card News editorial pen name","creditText":"Gift Card News / AI-generated illustration"}},{"@type":"ImageObject","url":"https://giftcard.news/images/commbank-completes-awards-closure-yello-opens-gift-card-redemption-customer-hands-holding.webp","contentUrl":"https://giftcard.news/images/commbank-completes-awards-closure-yello-opens-gift-card-redemption-customer-hands-holding.webp","width":1920,"height":1440,"caption":"Illustrative retail card photograph. 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