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 Platinum Awards Credit Card

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CommBank Business Platinum Awards Credit Card
Terms and conditions apply
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

Enjoy rewards points, complimentary travel insurance, plus an unsecured limit of up to $50,000.

The Commonwealth Bank Business Platinum Awards card is linked with the CommBank Awards program and offers flexibility when redeeming rewards, but you should make sure that the annual Awards cap doesn’t limit your points potential.

Like most business cards, you can link additional cardholders to the account and take advantage of simplified account reporting. Plus, with credit limit options ranging from $6,000 to $50,000, you could use this card to help free up cash flow for your small or medium business.

Pros

  • 1 Awards point per $1 spent on business purchases
  • Included travel insurance, extended warranty and purchase security covers

Cons

  • $75 annual fee per additional cardholder
  • Points are capped at 300,000 per year

In this guide

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

The card boasts platinum privileges including international travel insurance, transit accident insurance and unauthorised transaction insurance covers. You can also use the personal liability business credit card to keep your business expenses separate from your personal spending to simplify your accounting process.

Details

Product details

Product Name CommBank Business Platinum Awards Credit Card
Purchase rate p.a.
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 $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 Awards Program
Bonus points N/A
Rewards points per $ spent 1
Rewards points cap 300,000

Fees

Annual fee
Annual fee
$300
Minimum monthly repayment 2% of the closing balance or $25, whichever is greater
Late payment fee $20
Foreign currency conversion fee
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

How to apply

You can apply for the Business Platinum Awards 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.

Card benefits

  • Earn rewards. Earn 1 Awards point per $1 spent on eligible purchases, up to 300,000 points per year.
  • Redeeming rewards. You can redeem your Award points for travel, gift cards, merchandise and even credit back to your account.

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).

Your reviews

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Ask a question

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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


Avatar

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 ??


Avatar

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?


Avatar

Anndy Finder

August 03, 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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matt

January 14, 2015

What is the changeover rate from the points you acquire to qantas FF program with the Commonwealth Bank Business Awards Platinum credit card. Is it 1:1 ?


Avatar

Jonathan Finder

January 15, 2015

Hi Matt,


Thanks for your question!


For the changeover/ conversion rate it is currently 2 points : 1 Qantas Frequent Flyer point for Mastercard, and 2.5 : 1 Qantas Frequent Flyer point when using the Amex card.


I hope this helps!


Cheers,


Jonathan


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