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Commbank Business Awards Credit Card
1 review

Commbank Business Awards Credit Card

points over 12 months Calculate your savings icon

Earn rate per $1

1 point Commonwealth Bank Awards

Bonus points

N/A

Annual fee

$100 p.a.

Pros

Unsecured credit limit of up to $50,000 (based on eligibility criteria)

Cons

Earn just 1 Award point for every $1 spent on Mastercard

High Interest Rates

100% of customers who have rated this card would recommend it
  • Rates
    7%
  • Fees
    73%
  • Rewards
    85%
  • Customer Service
    100%
  • Value
    66%
Overall user rating 66%
1 reviews
Interest Rates
Purchase rate 20.74% p.a.
Cash advance rate 21.74% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 5.99% p.a. for 5 months
Balance transfer fee No fee
Balance transfer revert rate 21.74% p.a.
Balance transfer from personal loan No
Banks you can't balance transfer from Commonwealth Bank
Credit limits
Minimum credit limit $500
Maximum credit limit $50,000
Fees & repayments
Annual fee $100 p.a.
Additional cardholder fee $75 p.a.
Cash advance fee 2%
Foreign transaction fee 3%
Minimum repayment $25 or 2%
Late payment fee $20
Credit card type Mastercard
Rewards program
Rewards program Commonwealth Bank Awards Commonwealth Bank Awards
Annual points cap 60,000
Bonus points spend criteria N/A
Earning points with this card
CBA Awards points 1 point per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month N/A
Complimentary insurance
Flight inconvenience insurance No
Transit accident insurance Yes
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Unauthorised Transaction Insurance
Eligible with Apple Pay

Commbank Business Awards Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au.

The CommBank Business Awards Credit Card

Looking for ways to get more out of your business spending? A business rewards card could be just what you need. With the CommBank Business Awards Card, you can earn rewards on your everyday business spending, while taking advantage of an array of features, benefits and business tools. Worth finding out more? We think so!

What we love...

What really sells this card is its rewards program. Allowing cardholders to earn points on their business spending, the CommBank Business Awards Card offers a huge range of rewards points redemption options, from flights and merchandise to gift cards and cash back.

Accumulating points within CommBank’s Awards program, the card’s earn rate allows you to earn 1 Awards points for every $1 spent on using your Mastercard, plus, you can also earn bonus Awards points when you use your card at any of CommBank’s bonus partners. Points are capped at 60,000 per year.

And those redemption options? You could choose to redeem your points instantly when paying in-store for purchases at Myer, or alternatively, points can be redeemed within the Awards program for a great range of gifts, merchandise, cashback and more.

In terms of travel, you can redeem points when booking directly with Flight Centre, or you could use them within other travel programs such as Velocity Rewards and Qantas Frequent Flyer for flights, upgrades and merchandise.

What’s not so great...

When weighing up the options on a new business credit card, it’s important to look at all angles. With the CommBank Business Awards Card, you will have an annual fee of $100 to cover, plus $75 per year for each additional card. With relatively high rates of interest on cash advances and purchases, that’s also something to take into consideration.

While the card does offer a balance transfer deal, it’s not the best on the market, giving you 5.99% p.a. on balance transfers for five months, to then revert to the cash advance rate. This could save you some money, but if you’re serious about paying down debt, another card with a 0% p.a. balance transfer offer over a longer period of time could be a better option.

Why should you choose this card?

As a rewards business card, the CommBank Business Awards Card certainly has a lot to offer. But, there is plenty more in features and extras to help make it even more appealing.

With up to 55 days interest free on purchases, it can extend cashflow for small business owners. The card can also help save time, keeping business expenses in one place, ready for the business activity statement. An automatic bank feed sent directly to accounting software such as Xero or MYOB can help save even more time.

In terms of support, you can benefit from 24/7 emergency assistance from Mastercard Global Service if you lose your card overseas, with complimentary transit accident insurance and unauthorised transaction insurance also on your side.

As for leisure benefits, Priceless Sydney and Mastercard Privileges offers access to a unique collection of entertainment experiences.

Overall Rating

A truly rewarding business rewards card offering plenty of features, extras and business tools.

Showing one question (showing the latest 10 Q&As)

Hiren

Hiren

12 March 2018
Hii i am holding temporary residancy at the moment just finished my study few months back. And i have just start up my own courier logistic business. Just wondering if i am eligible for this credit card. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 March 2018
    Hi Hiren, typically you need a long stay visa 457 to be able to apply for a card like this. What I suggest, if you like CBA, is to go in branch and have a chat with someone to see what they can do.

Commbank Business Awards Credit Card

Commbank Business Awards Credit Card lets you earn points for every dollar spent to redeem on a wide range of gift cards, merchandise, cash back, flight and much more. Earn 1 Awards point for every dollar spent on your Mastercard accepted at over 43 million location worldwide. Make business purchases and not pay anything for up to 55 days, leaving money in the bank for longer. Get access to an unsecured credit limit of up to $50,000 with the option of one additional card holder.

Key features

  • Earn 1 Awards point for every dollar spent on the Mastercard
  • Complimentary transit accident insurance and unauthorised Transaction Insurance
  • Add your business name on the credit card beneath cardholder’s name
  • Unsecured credit limit of up to $50,000 (based on eligibility criteria)
  • The primary cardholder takes personal responsibility for all transactions on the account
  • Additional cardholder fee of $75 per annum
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Australian permanent residents
  • You have your personal details ready to complete the online application
Commbank Business Awards Credit Card
Commbank Business Awards Credit Card

Commonwealth Bank Credit Cards

Commbank Business Awards Credit Card

Updated 18 June 2019

Points Earn Rate (per $1 spent)

1

point

CBA Awards

Rewards Program

Commonwealth Bank Awards

Bonus Points

N/A

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Unsecured credit limit of up to $50,000 (based on eligibility criteria)

  • Earn just 1 Award point for every $1 spent on Mastercard
  • High Interest Rates

Creditcard.com.au review

Editor Review

Commbank Business Awards Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The CommBank Business Awards Credit Card

Looking for ways to get more out of your business spending? A business rewards card could be just what you need. With the CommBank Business Awards Card, you can earn rewards on your everyday business spending, while taking advantage of an array of features, benefits and business tools. Worth finding out more? We think so!

What we love...

What really sells this card is its rewards program. Allowing cardholders to earn points on their business spending, the CommBank Business Awards Card offers a huge range of rewards points redemption options, from flights and merchandise to gift cards and cash back.

Accumulating points within CommBank’s Awards program, the card’s earn rate allows you to earn 1 Awards points for every $1 spent on using your Mastercard, plus, you can also earn bonus Awards points when you use your card at any of CommBank’s bonus partners. Points are capped at 60,000 per year.

And those redemption options? You could choose to redeem your points instantly when paying in-store for purchases at Myer, or alternatively, points can be redeemed within the Awards program for a great range of gifts, merchandise, cashback and more.

In terms of travel, you can redeem points when booking directly with Flight Centre, or you could use them within other travel programs such as Velocity Rewards and Qantas Frequent Flyer for flights, upgrades and merchandise.

What’s not so great...

When weighing up the options on a new business credit card, it’s important to look at all angles. With the CommBank Business Awards Card, you will have an annual fee of $100 to cover, plus $75 per year for each additional card. With relatively high rates of interest on cash advances and purchases, that’s also something to take into consideration.

While the card does offer a balance transfer deal, it’s not the best on the market, giving you 5.99% p.a. on balance transfers for five months, to then revert to the cash advance rate. This could save you some money, but if you’re serious about paying down debt, another card with a 0% p.a. balance transfer offer over a longer period of time could be a better option.

Why should you choose this card?

As a rewards business card, the CommBank Business Awards Card certainly has a lot to offer. But, there is plenty more in features and extras to help make it even more appealing.

With up to 55 days interest free on purchases, it can extend cashflow for small business owners. The card can also help save time, keeping business expenses in one place, ready for the business activity statement. An automatic bank feed sent directly to accounting software such as Xero or MYOB can help save even more time.

In terms of support, you can benefit from 24/7 emergency assistance from Mastercard Global Service if you lose your card overseas, with complimentary transit accident insurance and unauthorised transaction insurance also on your side.

As for leisure benefits, Priceless Sydney and Mastercard Privileges offers access to a unique collection of entertainment experiences.

Overall Rating

A truly rewarding business rewards card offering plenty of features, extras and business tools.

User reviews

Commbank Business Awards Credit Card ( based on 1 Creditcard.com.au user review )

66% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 20.74% p.a.

Cash advance rate 21.74% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 5.99% p.a. for 5 months

Balance transfer revert rate 21.74% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee.

Balance transfer limit N/A

Banks you can't balance transfer from Commonwealth Bank

Credit limits

Minimum credit limt $500

Maximum credit limit $50,000

Fees & repayments

Annual fee $100 p.a.

Additional card holder fee $75 p.a.

Foreign transaction fee 3%

Minimum repayment $25 or 2%

Cash advance fee 2%

Late payment fee $20

Rewards and points

Rewards program

Rewards Program Commonwealth Bank Awards Commonwealth Bank Awards

Bonus points N/A

Annual points cap 60,000

Bonus points spend criteria N/A

Earning points with this card

CBA Awards pointsCBA Awards points 1 point per $1 spent

Points cap per month N/A

Overseas earn rateOverseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Unauthorised Transaction Insurance

Eligible with Apple Pay

Overview

Commbank Business Awards Credit Card

Commbank Business Awards Credit Card lets you earn points for every dollar spent to redeem on a wide range of gift cards, merchandise, cash back, flight and much more. Earn 1 Awards point for every dollar spent on your Mastercard accepted at over 43 million location worldwide. Make business purchases and not pay anything for up to 55 days, leaving money in the bank for longer. Get access to an unsecured credit limit of up to $50,000 with the option of one additional card holder.

Key features

  • Earn 1 Awards point for every dollar spent on the Mastercard
  • Complimentary transit accident insurance and unauthorised Transaction Insurance
  • Add your business name on the credit card beneath cardholder’s name
  • Unsecured credit limit of up to $50,000 (based on eligibility criteria)
  • The primary cardholder takes personal responsibility for all transactions on the account
  • Additional cardholder fee of $75 per annum

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Australian permanent residents

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

Showing one question (showing the latest 10 Q&As)

Hiren

Hiren

12 March 2018
Hii i am holding temporary residancy at the moment just finished my study few months back. And i have just start up my own courier logistic business. Just wondering if i am eligible for this credit card. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 March 2018
    Hi Hiren, typically you need a long stay visa 457 to be able to apply for a card like this. What I suggest, if you like CBA, is to go in branch and have a chat with someone to see what they can do.

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