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CommBank Platinum Awards Credit Card

Enjoy 80,000 bonus Awards points or 50,000 Qantas Points and included insurance covers with the CommBank Platinum Awards Card.

When you apply by 31 October 2022 and spend at least $4,000 on eligible purchases within the first 90 days, you'll be rewarded with 80,000 bonus Awards points or 50,000 Qantas Points. Cardholders can also take advantage of platinum benefits such as included travel insurance and extended warranty cover.

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Bonus points

20.24% p.a.

Purchase rate


Reward point

Per $ spent

$249 p.a.

Annual fee

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Product NameCommBank Platinum Awards Credit Card
Rewards programCommBank Awards Program
Balance transfer rate p.a.5.99% for 5 months
Balance transfer revert rateCash Advance Rate (21.24% p.a.)
Purchase rate p.a.20.24%
Annual fee$249
Interest-free periodUp to 55 days on purchases
Cash advance rate21.24% p.a.
Min credit limit$6,000
Card typeMastercard
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • 80,000 bonus Awards points or 50,000 Qantas Points offer
  • 1 Awards point per $1 spent on everyday purchases
  • Included travel insurance, extended warranty and purchase security insurance covers


  • Variable interest rates on purchases and cash advances are relatively high
  • Points are capped at 150,000 per year
Rewards programCommBank Awards Program
Bonus points80,000
Rewards points per $ spent1
Rewards points cap150,000
Annual fee$249
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Cash advance fee3% or $3, whichever is greater
Overseas cash advance fee$3 or 3% of transaction value, whichever is greater
Additional cardholder fee$10
Number of additional cardholders1

Review by

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Commonwealth Bank Platinum Awards is one of CommBank’s premium rewards credit cards. This means that it offers a more competitive points earn rate but charges a higher annual fee than some other Awards cards. It currently offers 80,000 bonus CommBank Awards Points or 50,000 Qantas Points when you meet the spend requirement.

As well as retail rewards, gift cards and cashback, you can exchange 2 Platinum Awards points for 1 Velocity Point or 2.5 Platinum Awards points for 1 Qantas Point.

How to apply

You can apply for the Commonwealth Bank Platinum Awards card online in around 30 minutes. Before you do, make sure you meet the eligibility criteria and have the necessary information to complete the application:

Eligibility criteria

  • New cardholders. To be eligible for the bonus points offer, you cannot hold or have held any CommBank Awards card in the previous 12 months.
  • Residency. You must be legally allowed to work in Australia. If you are not a permanent resident or citizen, you will need to provide your visa details.

Card benefits

  • Bonus points offer. Apply and get approved by 31 October 2022 and you will earn 80,000 bonus CommBank Awards Points or 50,000 Qantas Points when you spend at least $4,000 on eligible purchases within the first 90 days of activation. Please note that to receive the bonus points promotion, you cannot hold or have held a CommBank Awards card in the last 12 months.
  • Awards program. Earn 1 Awards point per $1 spent on eligible purchases, up to 150,000 points per year. You can also earn uncapped bonus points per $1 spent when you use your Platinum Awards credit card with any Commonwealth Bank bonus partners. As well as shopping, travel and entertainment redemption options, you can transfer CommBank Awards points to Velocity Frequent Flyer (2 Awards Points = 1 Velocity Point), Qantas Frequent Flyer (2.5 Awards Points = 1 Qantas Point) and other airline partners including Etihad Airways and Japan Airlines.

Rates & fees

  • Annual fee. This card charges an annual fee of $249.
  • Purchase rate. The variable 20.24% p.a. interest rate applies to purchases.

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  1. Default Gravatar
    August 5, 2019

    I have commonwealth bank Diamond credit card. Does it give me access to qantas lounge

  2. Default Gravatar
    September 19, 2018

    Some credit cards allow access flight lounges when travelling overseas. Does my platinum card give me this ability

    • Default Gravatar
      September 19, 2018

      Hey Allan!

      Thanks for your message and for contacting finder.

      There are some credit cards that allow access to flight lounges while traveling. Commonwealth Bank Platinum Awards does not have any partnerships with airport lounges at the moment. However, should you fly business class on an airline, this is an automatic perk that airlines have. It would be good to check with the airline prior to booking a flight as well.

      Hope this helps! Feel free to message us should you need further help.


  3. Default Gravatar
    July 12, 2017

    With my m/card platinum card do I have adequate travel insurance. I’m traveling to the Ukraine (not the Crimea/troubled region) and need to know if i have cover. I also want advice on the network in use in that country. Is it 4G ? Will the concierge help me in this ?

    • Avatarfinder Customer Care
      July 18, 2017

      Hi Leo,

      Thank you for your inquiry.

      While we cannot recommend what is best for you, we can offer you general advice. This card offers access to overseas emergency medical assistance and hospital expenses insurance, cover for travel delays, cancellation cover, personal liability cover, and rental vehicle excess cover. You can also get purchase security insurance and extended warranty insurance for eligible purchases made using this card. Eligibility and activation requirements apply.

      Please refer to the CommBank Credit Card Insurances booklet available on the CommBank website.

      I hope this information has helped.


  4. Default Gravatar
    June 25, 2017

    Can I get cash out with pay pass if I have a CommBank platinum card?

    • Default Gravatar
      June 25, 2017

      Hi Jamie!

      Yes, your MasterCard PayPass, you won’t need to swipe your card or give it to a cashier when you make payments under $100. Let the cashier know you wish you have contactless, then with one quick tap on the contactless reader you’re done. :)

      Hope this clarifies,


  5. Default Gravatar
    May 17, 2017

    how do I transfer points from my visa card to my virgin account

    • Avatarfinder Customer Care
      May 17, 2017

      Hi Alex,

      Thank you for your inquiry.

      Just to confirm, from which credit card you would want to transfer your rewards points? Generally, you’ll be able to transfer your credit card rewards points to your frequent flyer account by logging in to your online banking account or by contacting your bank’s rewards customer service support for assistance.

      Meantime, for a general guide on the process of transferring credit card points to a Virgin frequent flyer account, please refer to our guide about transferring frequent flyer points to learn more.

      I hope this helps.


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