- Earn CommBank Awards points or opt-in to earn Qantas Points; $30 yearly fee applies
- Unsecured credit limit of up to $50,000 (based on eligibility criteria)
- Up to 55 interest free days on purchases
- Cashback benefits through CommBank Rewards
- Experiences and exclusive offers from Mastercard
- Transfer Awards points to over 10 airline partners, including Velocity Frequent Flyer
- Complimentary Transit Accident Insurance and Unauthorised Transaction Insurance
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Commonwealth Bank Credit Cards
CommBank Business Platinum Awards Credit Card
Updated 8 July 2025
Turn your business expenses into rewards points with CommBank Business Platinum Awards Credit Card. Earn CommBank Awards points or opt-in to earn Qantas Points. Plus, enjoy other features including an unsecured credit limit of up to $50,000, complimentary insurance covers, cashback benefits, and Mastercard exclusive offers.
T&Cs apply.
Points Earn Rate (per $1 spent)
1 point
CBA AwardsRewards Program
Commonwealth Bank Awards
Bonus Points
N/A
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
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 9 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. Other features offered on this card include up to 55 days interest-free on purchases, cashback benefits, complimentary transit accident insurance, experiences and exclusive offers from Mastercard, and easy card management and tracking via CommBank tools.
What we love...
Commbank Platinum Awards Credit 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.
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 an 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 complimentary 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 up to 55 days interest-free on purchases, cashback benefits, complimentary insurance covers 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
Credit limits
Minimum credit limit $6,000
Maximum credit limit $50,000
Fees & repayments
Annual fee $300 p.a.
Additional cardholder fee Up to 2 at $75 per card
Foreign transaction fee 3%
Minimum repayment 2.5% or $75 (Business Low Rate & Interest-Free Days); 2% or $25, whichever is greater (all other cards)
Cash advance fee Consumer: $4 or 3%, whichever is greater; Commercial: 1.5%
Late payment fee $20
Rewards and points
Rewards program
Rewards Program
Commonwealth Bank Awards
Bonus points N/A
Annual points cap 300,000
Bonus points spend criteria N/A
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 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, 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
- Unsecured credit limit of up to $50,000 (based on eligibility criteria)
- Earn 1 Awards point for every dollar spent on the Mastercard
- Opt-in to earn Qantas Points; $30 yearly fee applies
- 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 9 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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Christie
4 January 2021Roland
4 January 2021