In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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CommBank Business Awards Credit Card

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CommBank Business Awards Credit Card
Terms and conditions apply
Purchase rate
20.74% p.a.
Reward point per $ spent
1
Annual fee
$100 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Earn Awards Points per $1 spent and manage your business spending with the CommBank Business Awards card.

The CommBank Business Awards is suited to small business owners who want to keep track of spending and earn rewards at the same time. It offers simple account management through CommBiz, NetBank or the CommBank app, as well as automatic data feeds for MYOB and Xero, which can help you stay on top of your business accounting tasks. It also earns 1 Awards point per $1 spent on eligible purchases, with a cap of 60,000 points per year. So if you spend more than $60,000 annually on your business, you may want to compare some other options.

Pros

  • Earn 1 Awards point per dollar spent on your CommBank Business Awards Credit Card.
  • This card comes with complimentary insurance covers.
  • Earn 0.4 Qantas Points for every dollar spent, $30 annual fee applies

Cons

  • $75 fee for 1 additional cardholder.
  • Points are capped at 60,000 per year.
  • 3% foreign transaction fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Commonwealth Bank Business Awards credit card earns 1 CommBank Awards point per $1 spent, with rewards including gift cards, travel and frequent flyer points.

Details

Product details

Product Name CommBank Business Awards Credit Card
Purchase rate p.a. 20.74%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 21.74%
Min credit limit $500
Max credit limit $50,000
Card type Mastercard

Eligibility

Available to temporary residents Yes - Conditions apply
Joint application No

Rewards

Rewards program CommBank Awards Program
Bonus points N/A
Rewards points per $ spent 1
Rewards points cap 60,000

Fees

Annual fee $100
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% or $2.50, whichever is greater
Overseas cash advance fee 1.5% or $4, whichever is greater
Additional cardholder fee $75
Number of additional cardholders 1

How to apply

You can apply for the CommBank Business Awards credit card online by filling out a simple application form. As this is a personal liability credit card, you won't need to include financial information for your business. But you do need to make sure you meet the following eligibility criteria and have all the documents and details needed to complete the application.

Eligibility criteria

  • Residency and work status. You must have the right to work in Australia.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • CommBank Awards points. This card earns 1 Awards point per $1 spent on eligible purchases, up to 60,000 points per year. Eligible purchases cover most everyday and business spending. Transactions that don't earn points include BPAY payments, cash advances, foreign currency purchases and account fees.
  • CommBank Yello Cashback Offers. This card gives you access to cashback offers through CommBank Yello. You just need to browse offers via the CommBank app, activate them and then pay with your card to redeem them.

Rates & fees

  • Annual fee. The CommBank Business Awards credit card charges an annual fee of $100.
  • Additional cardholders. If you want to share the account with someone else in your business, you can add 1 additional cardholder for a fee of $75 p.a. Note that you will be responsible for managing the account.

Your reviews

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Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

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Garry

June 15, 2023

where do you apply their is no where to fill in


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Amy Bradney-George Finder

June 15, 2023

Hi Garry,

Unfortunately this card isn’t currently available to apply for through Finder but you can apply directly with CommBank. I hope that helps.


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ken

November 06, 2018

i pay roughly S150K per quarter on my business BAS and would like to take advantage of a points card solely for this purpose. Currently hold WBC cards so probably looking to take advantage of other banks NEW customer offers.


Open to suggestions, but prefer not AMEX unless there is some compelling reason to use it I am not aware of.


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John Basanes Finder

November 08, 2018

Hi Ken,


Thank you for reaching out to Finder.


You may refer to our list of credit card earning points for ATO payments. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.


Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!


Cheers,

Reggie


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Wendy

March 15, 2018

You say that your business awards credit card makes it easier to separate personal and business transactions and saves time preparing BAS. How? You do not give any evidence.


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Nikki Angco

March 19, 2018

Hi Wendy!


Thanks for questions and for visiting finder – a leading comparison website and general information service built to give you advice on your buying decision needs.


Yes, that is correct. The Commonwealth Bank Business Awards Credit Card lets you separate your business and personal expenses and save time preparing your Business Activity Statement (BAS).I understand that you are looking for information on how to do this. Since we don’t work directly for this bank, we don’t have this information on our website.


Please note that we’re a product comparison website. We provide general information on products to assist you in your buying decision process hence we cannot recommend product/service that is rightfully fit for you. 


We suggest contacting the bank directly as they will be able to assist you on how to go about this.


Best Regards,


Nikki


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gary

April 24, 2014

I need a card for business unlimited Qantas point not amex please


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Shirley Liu Finder

April 30, 2014

Hi Gary,


Thanks for your question.


You may refer to a range of business credit cards you can compare based on bonus points and rewards. You can select the “Go to Site” button of your preferred credit card to proceed with your application. You can also contact the provider if you have specific questions. A gentle reminder, please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.


Cheers,

Shirley


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