Commonwealth Bank Business Awards Credit Card

Commonwealth Bank Business Awards Credit Card

What do you want this card for?
Save money
Earn points
Offer
Card features
balance transfer
purchase rate
annual fee
Apply
Commonwealth Bank Business Awards Credit Card
Apply by 29 feb 20
4 reviews
Commonwealth Bank Business Awards Credit Card
Get 30,000 Bonus Awards Points when you apply by 29 February 2020, are approved and spend $2,000 on eligible purchases within 90 days from card activation.
Up to 55 days interest-free on purchases.
Earn 1 point per $1 you spend.
Add to comparison
12 months
5.99% p.a.
then 21.74%
with a 0% fee
20.74% p.a.
ongoing
$100
ongoing

Pros & cons

What's good?

What's not so good?

Get 30,000 Bonus Awards Points when you apply by 29 February 2020, are approved and spend $2,000 on eligible purchases within 90 days from card activation.
Up to 55 days interest-free on purchases, so you can keep cash in your account longer.
1 Awards point for every dollar you spend on your Awards Mastercard®.
Redeem points for free flights thru Flight Centre or convert to Velocity or Qantas Frequent Flyer.
Balance Transfer at 0% for 12 months from the approval date.
Save time on data entry with automatic bank feeds sent to your accounting software such as Xero or MYOB.
Feel secure with the complimentary Transit Accident Insurance and Unauthorised Transaction Insurance.
24/7 emergency assistance overseas if you lose your card with Mastercard Global Service
The standard interest rate for purchases is rather high at 20.74% p.a.
3% foreign exchange fee on purchases made while overseas. Also applies when buying from a foreign supplier.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.5 out of 5.0 based on 4 reviews100% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Great rewards, lots of options

Reviewed and recommended by Rodrigo on 04 Apr 2017

It’s a great and amazing credit card, especially for the rewards. You have so many options to choose from, from electronics to airline points.

I totally recommend it if you want a card with great rewards. I use it to exchange for Qantas points, and you can get a lot of points every time you spend.

Convenient!

Reviewed and recommended by Anon on 30 Sep 2014

5 gold stars to this amazing bank card. Rates and fees go hand in hand; rewards are awesome, it’s so grand! Commonwealth are kicking goals; helps my statements truth be told! I take it everywhere I go; Easy use on the go! 'Common’ get the card. You won’t regret it!

This card suits our lifestyle

Reviewed and recommended by Lane on 09 Oct 2013

This card suits our lifestyle. Being able to pay the balance each month and pay no interest means we have the convenience of using the card while shopping and not having to worry about cash or EFTPOS. For those sites and companies that charge a percentage fee for using a credit card we pay by BPAY from our bank account.

Convenient and functional

Reviewed and recommended by Amme on 02 Sep 2013

This card has a fantastic overdraw facility which helps business flow smoothly when dealing with suppliers. Even with overseas banking. All cash flow in and out of this account make it an easy one account only required for all of my business banking needs. Would happily recommend to family and friends when embarking on business ventures, big and small.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Standard
Card type
MasterCard
Card use
Business
Credit rating
Any
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Commonwealth Bank Awards
Temporary residents
Yes

Cardholders

Additional cardholders
1
Additional card fee
$75 p.a.

Credit limits

Minimum credit limit
$500
Maximum credit limit
$50,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
N/A

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers5.99% p.a.12 months0%N/A21.74% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
N/A
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Commonwealth Bank Business Awards Credit Card at the promotional balance transfer rate from:

  • Aussie
  • Commonwealth Bank

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers5.99% p.a.12 months0%N/A 21.74% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.81% 21.74% p.a.
Purchases 1.73% 20.74% p.a.

Fees

Annual fee
$100 p.a.
Cash advance fee
whichever is greater, $3.00 or 1.50%
Dishonour fee
N/A
Duplicate statement fee
N/A
Foreign exchange fee
3%
Late payment fee
$20
Over limit fee
N/A
Overseas ATM balance fee
N/A
Overseas ATM withdrawal fee
$4.00 or 1.50%, whichever is greater
Overseas emergency card replacement fee
N/A
Transaction verification fee
N/A

Rewards & points

Rewards program basics

Reward points expiry
N/A
Rewards program
Commonwealth Bank Awards
Sign up bonus
30,000 points
Spend required for bonus points
$2,000 on eligible purchases by 31 January 2020

Earning points with this card

Frequent flyer points
N/A
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
60,000
Points earned on ATO payments
N/A
Reward points
1pt per $1 spent

Additional benefits

Airport lounge access
N/A
Complimentary flight voucher
No
Concierge service
No

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension and Widower's Pension are acceptable.
Carer's Allowance and Child Support Payments are acceptable.
Joint applications are not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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