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Commbank Business Platinum Awards Credit Card
1 review

Commbank Business Platinum Awards Credit Card

Apply by 31 October 2019

points over 12 months Calculate your savings icon

Earn rate per $1

1 point Commonwealth Bank Awards

Bonus points

100,000 points Spend $4,000 on your new card by 31 Jan 2020

Annual fee

$300 p.a.

Pros

100,000 Bonus Awards Points when you apply for a new CommBank Business Platinum Awards credit card by 31 October 2019 and spend $4,000 on eligible purchases with your new card by 31 January 2020

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

Cons

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

$75 p.a. additional cardholder fee

Points are capped at 300,000 per year

0% of customers who have rated this card would recommend it
  • Rates
    24%
  • Fees
    37%
  • Rewards
    45%
  • Customer Service
    44%
  • Value
    33%
Overall user rating 37%
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 $6,000
Maximum credit limit $50,000
Fees & repayments
Annual fee $300 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
Bonus points 100,000 CBA Awards points
Annual points cap 300,000
Bonus points spend criteria Spend $4,000 on your new card by 31 Jan 2020
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
International travel insurance yes - up to months
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 Platinum Awards Credit Card

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

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. 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...

The CommBank Business Platinum Awards Credit Card’s intro offer is something of a money saver, providing new cardholders with a up to 55 days interest free on purchases. Whether you are in the market to purchase a big ticket item for your business, or you simply want to use the card day to day, you could save you a significant amount in interest as long as you clear your balance before the 55 day period ends.

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, cash back, 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.

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.

(showing the latest 10 Q&As)

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

  • 100,000 Bonus Awards Points when you apply for a new CommBank Business Platinum Awards credit card by 31 October 2019 and spend $4,000 on eligible purchases with your new card by 31 January 2020
  • Earn 1 Awards point for every dollar spent on the Mastercard
  • Complimentary Transit Accident Insurance and Unauthorised Transaction Insurance
  • 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 Platinum Awards Credit Card
Commbank Business Platinum Awards Credit Card

Commonwealth Bank Credit Cards

Commbank Business Platinum Awards Credit Card

Updated 1 August 2019

Apply by 31 October 2019

Points Earn Rate (per $1 spent)

1

point

CBA Awards

Rewards Program

Commonwealth Bank Awards

Bonus Points

100,000 pts

Spend $4,000 on your new card by 31 Jan 2020

0 points over 12 months spend

My monthly card spend

Pros and cons

  • 100,000 Bonus Awards Points when you apply for a new CommBank Business Platinum Awards credit card by 31 October 2019 and spend $4,000 on eligible purchases with your new card by 31 January 2020
  • Unsecured credit limit of up to $50,000 (based on eligibility criteria)

  • Earn just 1 Award point for every $1 spent on Mastercard
  • $75 p.a. additional cardholder fee
  • Points are capped at 300,000 per year

Creditcard.com.au review

Editor Review

Commbank Business Platinum 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 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. 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...

The CommBank Business Platinum Awards Credit Card’s intro offer is something of a money saver, providing new cardholders with a up to 55 days interest free on purchases. Whether you are in the market to purchase a big ticket item for your business, or you simply want to use the card day to day, you could save you a significant amount in interest as long as you clear your balance before the 55 day period ends.

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, cash back, 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.

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

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

37% 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 $6,000

Maximum credit limit $50,000

Fees & repayments

Annual fee $300 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 100,000 CBA Awards points

Annual points cap 300,000

Bonus points spend criteria Spend $4,000 on your new card by 31 Jan 2020

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 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

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

  • 100,000 Bonus Awards Points when you apply for a new CommBank Business Platinum Awards credit card by 31 October 2019 and spend $4,000 on eligible purchases with your new card by 31 January 2020
  • Earn 1 Awards point for every dollar spent on the Mastercard
  • Complimentary Transit Accident Insurance and Unauthorised Transaction Insurance
  • 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 the latest 10 Q&As)

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