- Receive 70,000 Bonus Awards Points (or 50K Qantas Points) when you apply by 28 February 2022 and spend $4,000 on eligible purchases within the first 90 days
- Up to 55 interest free days on purchases
- Unsecured credit limit of up to $50,000 (based on eligibility criteria)
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NAB Qantas Business Signature Credit Card
100,000 bonus Qantas points*
*Min. spend criteria. T&Cs apply. $295 annual fee
Commonwealth Bank Credit Cards
CommBank Business Platinum Awards Credit Card
Updated 1 October 2021
Turn your business expenses into rewards points with CommBank Business Platinum Awards Credit Card. Receive up to 70,000 CommBank Bonus Awards Points OR 50,000 bonus Qantas Points when you apply by 28 February 2022 and spend $4,000 on eligible purchases within 90 days of activation. Plus, enjoy other features including an unsecured credit limit of up to $50,000 and complimentary travel insurance.
T&Cs apply. Offer ends 28 February 2022
Points Earn Rate (per $1 spent)
1 point
CBA AwardsRewards Program
Commonwealth Bank Awards
Bonus Points
Up to 70K pts
50K bonus Qantas Points OR 70K CommBank Bonus Awards Points. Spend $4,000 within first 90 days
Pros and cons
- Earn just 1 Award point for every $1 spent on Mastercard
- Points are capped at 300,000 per year
- $75 p.a. additional cardholder fee
- Complimentary Transit Accident Insurance and Unauthorised Transaction Insurance
Creditcard.com.au review
Editor Review
CommBank Business Platinum Awards Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt Ask Pauline a Question about this card.
The CommBank Business Platinum Awards Credit Card
Earning rewards on CommBank’s Awards program, the CommBank Business Platinum Awards Credit Card allows cardholders to get something back on their business spend plus a chance to earn more with its introductory offer of up to 50,000 bonus Qantas Points or 70,000 CommBank Awards Points. Other features offered on this card include up to 55 days interest-free on purchases, complimentary overseas travel insurance, and easy card management and tracking via CommBank tools.
What we love...
Commbank Platinum Awards Credit Card allows new cardholders to earn big rewards of up to 70,000 bonus Awards points (or 50,000 Qantas points) with its current introductory offer. To receive the bonus points, you need to apply by 28 February 2022 and spend $4,000 on eligible purchases within 90 days from activation.
Ongoing, this card is designed to reward cardholders by allowing them to earn points on CommBank’s Awards program. You will earn 1 Awards point for every $1 you spend on your business expenses, plus you can earn bonus Awards points when you make purchases with your credit card at any of the program’s bonus partners. Points are capped at 300,000 per year.
What can you redeem your points for? The Awards program is pretty flexible, allowing you to redeem points for gift cards, merchandise, cashback, flights, and more. You could redeem your points instantly for purchases at Myer, or for travel at Flight Centre. There is also the option to convert Awards points to frequent flyer programs such as Velocity and Qantas.
Aside from its intro offer and rewards, what else does the CommBank Business Platinum Awards 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 Awards 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. At the end of the intro period, it will become very important to clear your balance to avoid interest accruing at that higher rate.
Why should you choose this card?
If you want your business spending to accumulate points on a flexible rewards program, it could be well worth your time to check out the CommBank Business Platinum Awards Credit Card. You can enjoy access to all the features we have already mentioned, plus International Travel Insurance, Transit Accident Insurance and Unauthorised Transaction Insurance.
Currently, the card also offers new cardholders up to 70,000 Bonus Awards Points OR 50,000 Bonus Qantas Points when you apply by 28 February 2022 and spend $4,000 on eligible purchases within 90 days from activation.
As long as you get more out than you put in, the card could offer serious value.
Overall Rating
A rewards card earning points on CommBank’s flexible Awards program, the CommBank Business Platinum Awards Credit Card is currently offering complimentary overseas travel insurance and easy card tracking and management.
User reviews
Rates and fees
Interest rates
Purchase rate 20.74% p.a.
Cash advance rate 21.74% p.a.
Interest free period 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 limit $6,000
Maximum credit limit $50,000
Fees & repayments
Annual fee $300 p.a.
Additional cardholder fee $75 p.a.
Foreign transaction fee 3%
Minimum repayment $25 or 2% (whichever is greater)
Cash advance fee Consumer: $3 or 3%, whichever is greater; Commercial: 1.5%
Late payment fee $20
Rewards and points
Rewards program
Rewards Program
Commonwealth Bank Awards
Bonus points Up to 70K points
Annual points cap 300,000
Bonus points spend criteria 50K bonus Qantas Points OR 70K CommBank Bonus Awards Points. Spend $4,000 within first 90 days
Earning points with this card
CBA Awards Rewards points 1 point per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes
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, Google Pay and Samsung Pay
Overview
CommBank Business Platinum Awards Credit Card
With the Commbank Business Platinum Awards Credit Card you make business purchases and get up to 55 days interest free on purchases.
Key features
- 70,000 Bonus Awards Points (or 50K Qantas Points) when you apply by 28 February 2022 and spend $4,000 on eligible purchases within the first 90 day
- Unsecured credit limit of up to $50,000 (based on eligibility criteria)
- Earn 1 Awards point for every dollar spent on the Mastercard
- Up to 55 interest free days on purchases
- Additional cardholder fee of $75 per annum
- Complimentary Transit Accident Insurance and Unauthorised Transaction Insurance
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Legally have the right to work in Australia
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
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4 January 2021Roland
4 January 2021