Purchase rate: 20.74% p.a.
Reward point per $ spent: 1
Annual fee: $300 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Earn uncapped CommBank Yello points on business spend, plus access to international travel insurance and up to 55 interest-free days.

The CommBank Business Platinum credit card earns CommBank Yello points on eligible business purchases, with no points cap. Your earn rate depends on your Yello tier, ranging from 1 to 1.5 points per $1 on everyday business spending and 2 points per $1 on international transactions. You can also earn bonus points through eligible Travel Booking and Dine In Deals purchases in the CommBank app. You'll need an eligible CommBank transaction account and regular transactions to qualify for CommBank Yello and earn points.

Like most business credit cards, you can add additional cardholders and connect the card to accounting software such as Xero or MYOB. With a minimum credit limit of $6,000, it can also give your business more flexibility with cash flow.

The card has a higher annual fee and purchase rate than CommBank's other business cards, so it's likely to suit businesses that can pay their balance in full each month.

Pros

Uncapped CommBank Yello points on eligible business spend
Included international travel insurance, plus transit accident and unauthorised transaction insurance

Cons

$75 annual fee per additional cardholder

Details

Product details

Product Name	CommBank Business Platinum Credit Card
Purchase rate p.a.	20.74%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	21.74%
Min credit limit	$6,000
Max credit limit	$50,000
Card type	Mastercard

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	CommBank Yello / Qantas Frequent Flyer
Bonus points	N/A
Rewards points per $ spent	1
Rewards points cap	N/A

Fees

Annual fee	$300
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3%
Cash advance fee	1.5% of transaction value or $2.50, whichever is greater
Overseas cash advance fee	1.5% of transaction value or $4, whichever is greater
Additional cardholder fee	$75

How to apply

You can apply for the Business Platinum credit card online. You'll need to meet the eligibility criteria and have the necessary documents to complete the application form.

Eligibility criteria

Eligible employee. You must be a business owner, director or partner who holds a valid Australian Business Number (ABN).
Credit history. This card is available to applicants who aren't currently bankrupt and have a good credit score.

Age. You must be at least 18 years old to apply.

Required documents

Residency. This card is available to permanent and temporary residents, so long as you're legally allowed to work in Australia.
Personal information. Including your full name, date of birth and residential address. You'll also need to provide the details of any additional cardholders.
Proof of identification. You'll need to verify your identity with ID including your Australian drivers licence, passport or Medicare card.
Finances. This includes personal finances including your income as well as existing assets and liabilities.
Business information. This includes the business name and ABN.

Card benefits

Earn rewards. Earn 1 to 1.5 Yello points per $1 on eligible purchases depending on your CommBank Yello tier, 2 points per $1 on international transactions, and bonus points on eligible Travel Booking and Dine In Deals purchases. Points are uncapped. Yello eligibility criteria apply.
Redeeming rewards. You can redeem Yello points for gift cards, travel through Travel Booking, transfers to participating airline and rewards programs, Everyday Rewards points, pay with points at participating retailers, or cash into an eligible account where available.

Simplified reporting. Save time on data entry and reporting with automatic bank feeds sent to accounting software such as Xero or MYOB.
Included insurance. Access complimentary international travel insurance when you spend at least $500 in a single transaction on prepaid travel costs with your card and activate cover in the CommBank app before you travel. The card also includes transit accident insurance and unauthorised transaction insurance. Limits, exclusions and excesses apply.
Mobile payment compatibility. Commonwealth Bank credit cards are as convenient as it gets when it comes to cardless payments. You can use your eligible smartphone or wearable device to make contactless payments with Apple Pay, Samsung Pay and Google Pay.

Rates & fees

Annual fee. This credit card charges an annual fee of $300.
Interest rate on purchases. Your purchases are charged at an interest rate of 20.74% p.a. (variable).

Interest-free days. When you pay your balance in full by the statement due date, you can take advantage of up to 55 interest-free days.
Credit limit. The credit limit for this card ranges between $6,000 and $50,000. CommBank will determine your credit limit based on its lending criteria.
Additional cardholder. You can manage your employee spending and request additional cardholders for this account. You'll be charged $75 a year per additional cardholder.
International transactions. When you use your CommBank Business Platinum credit card to spend overseas or shop online with an international merchant, you'll be charged 3% of the Australian currency value.

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. CommBank Business Platinum credit card information PDF

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Bill

September 27, 2024

Can points from Business Platinum card be converted to qantas frequent flyer points

Angus Kidman Finder

September 27, 2024

Hi Bell, Yes, you can convert to Qantas Points – if you want to use this option, there’s a $30 annual fee. Hope this helps.

JON

October 08, 2016

Dear CBA,

1) Does a Business Awards Platinum Card can Business Taxes be paid to the ATO?

2) Is there any cap on the number of points earned?

3) Can the points earned be exchanged for Qantas FF Points and if so, at what rate of exchange?

Thank you

May Finder

October 11, 2016

Hi Jon,

Thank you for your questions. Just to confirm, though, you’ve come through to Finder. We are an Australian financial comparison website and general information service, not actually CBA.

1) Does a Business Awards Platinum Card can Business Taxes be paid to the ATO?

Yes, with Commonwealth Bank Business Awards Platinum Credit Card, you can earn points for ATO payments. The equivalents are Amex: Up to 3 points per $1 and MasterCard: Up to 1 point per $1

If you wish, read our guide about credit cards and tax payments to learn more about which credit cards can help you earn points when paying taxes.

2) Is there any cap on the number of points earned?

For this card, the maximum number of points that can be accumulated per year is 300,000 points.

3) Can the points earned be exchanged for Qantas FF Points and if so, at what rate of exchange?

Yes. Currently, the conversion rate is 2 points:1 Qantas Frequent Flyer point for Mastercard, and 2.5:1 Qantas Frequent Flyer point when using the Amex card.

Hope this has answered your questions.

Cheers,

May

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Coffeeboy

August 08, 2016

Can you confirm that payments made to ATO with Comm Bank Business Award Credit Card are not excluded from earning reward points, if so is the rate 3 points per $ using Amex. I have tried to get answer an answer from Comm Bank but given up as no one seems to know? The terms and conditions clearly states ” excluded are payments made to ATO UNLESS made using a Business Awards card.

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Chester

August 08, 2016

Hello Cofeeboy,

Thanks for your contacting us in regards to Comm Bank Business Award Credit Card reward points enquiry.

As stated on their website that Points are earned on eligible transactions (most purchases, but not, for example, BPAY transactions, cash advances, payments to the Australian Taxation Office unless made using a Business Awards card, or balance transfers). I have also sent you an email for you to be able to view the information I have provided.

I hope I was able to answer your question.

Cheers!

Chester

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Nick

August 07, 2016

Do you earn points for ATO transactions on this card ??

May Finder

August 07, 2016

Hi Nick,

Thanks for you question.

Yes, with Commonwealth Bank Business Awards Platinum Credit Card, you can earn points for ATO payments.

The equivalents are Amex: Up to 3 points per $1 and MasterCard: Up to 1 point per $1.

Check out our guide about earning points when paying taxes if you want to know some other credit cards that let you earn points for paying tax bills.

I hope this has helped.

Cheers,

May

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Erica

August 03, 2016

Can the Amex card be used for entry into the Amex lounge at Sydney Airport?

Anndy

August 04, 2016

Hi Erica,

Thanks for your question.

If you are referring to the Commonwealth Bank Business Awards Platinum credit card, unfortunately, it doesn’t come with complimentary airport lounge access.

You can check these credit cards that come with free airport lounge access.

Cheers,

Anndy

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CommBank Business Platinum Credit Card

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