CommBank Business Platinum Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

The CommBank Business Platinum Credit Card

Earning CommBank Yello points, the CommBank Business Platinum Credit Card allows cardholders to get something back on their business spend. Other features offered on this card include up to 55 days interest-free on purchases, CommBank Yello offers, complimentary transit accident insurance, experiences and exclusive offers from Mastercard, and easy card management and tracking via CommBank tools.

What we love...

The CommBank Business Platinum Credit Card is designed to reward cardholders by allowing them to earn CommBank Yello points on eligible business spend. You’ll earn 1 to 1.5 points per $1 depending on your CommBank Yello tier, 2 points per $1 on international transactions, and bonus points on hotel, car rental and flight bookings made through Travel Booking and on Dine In Deals in the CommBank app. Points are uncapped.

What can you redeem your points for? You can redeem your points and access offers and perks through CommBank Yello in the CommBank app.

What else does the CommBank Business Platinum Credit Card have to offer? Designed to work as a cash flow tool for small business owners, the card offers up to 55 days interest-free on purchases, with a minimum credit limit of $6,000, ranging up to $50,000 (based on eligibility criteria).

It has a simple application process, which sets it apart from other business products, such as business loans, as there is no need to provide business financials. Simple is the keyword ongoing as well, making it easier for you to separate your business and personal spending, while also helping you to save time with automatic bank feeds to accounting software such as Xero or MYOB.

This simplicity carries over to card management and tracking. As the primary cardholder, you can manage your account online with CommBiz, NetBank or the CommBank app, to see transactions updated instantly. You can also lock international payments, block ATM cash withdrawals and limit spending, while staying in control with alerts and payment reminders.

What’s not so great...

As is usually the case with rewards cards, the CommBank Business Platinum Credit Card has a pretty sizable annual fee for both the primary cardholder and additional cardholders. Whether this fee is worth paying will depend on how many rewards you earn, and how much value you gain from the features on offer.

It’s also worth pointing out that this card does not feature a low purchase rate. It will be important to clear your balance each statement period to avoid interest accruing at that higher rate. It’s also worth knowing this is a personal liability card, so you (not the business) are responsible for all amounts charged to it, including by additional cardholders.

Why should you choose this card?

If you want your business spending to accumulate CommBank Yello points, it could be well worth your time to check out the CommBank Business Platinum Credit Card. You can enjoy access to all the features we have already mentioned, plus complimentary Transit Accident Insurance and Unauthorised Transaction Insurance, and access to international travel insurance.

As long as you get more out than you put in, the card could offer serious value.

Overall Rating

A rewards card earning CommBank Yello points, the CommBank Business Platinum Credit Card is currently offering up to 55 days interest-free on purchases, CommBank Yello offers, complimentary insurance covers and easy card tracking and management.