Commonwealth Bank Business Platinum Credit Card

Commonwealth Bank Business Platinum Awards Credit Card

What do you want this card for?
Save money
Earn points
Card features
rewards program
interest free days
annual fee
Commonwealth Bank Business Platinum Awards Credit Card
Apply by 30 jun 20
9 reviews
Commonwealth Bank Business Platinum Awards Credit Card
Get 100,000 Bonus Awards Points when you apply by 30 June 2020, are approved and spend $4,000 on eligible purchases within 90 days from card activation.
Earn 1 point per $1 you spend.
Balance Transfer at 5.99% for 5 months.
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Commonwealth Bank Awards
55 days
interest free
(up to)

Pros & cons

What's good?

What's not so good?

Get 100,000 Bonus Awards Points when you apply by 30 June 2020, are approved and spend $4,000 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 points.
Balance Transfer at 5.99% for the first 5 months from approval date.
Manage online with CommBiz, NetBank or the CommBank app. Get statements, set up automated payments, change daily limits and more.
Feel secured with the complimentary Included Transit Accident Insurance and Unauthorised Transaction Insurance.
24/7 emergency assistance overseas if you lose your card with Mastercard Global Service.
Minimum credit limit of $6,000.
The annual fee of $300 p.a. is a bit high.
There is $75 p.a. annual fee for each additional cardholder.
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

4.1 out of 5.0 based on 9 reviews78% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

MasterCard great, AmEx not very useful

Reviewed and recommended by Karen on 10 Jan 2017

I find this card very useful and the unlimited points are a bonus. I find MasterCard is better to have than Visa as it appears to be accepted everywhere. I don’t like the bonus American Express card. I didn’t activate it and have never used it, as the fees are higher and it’s hardly accepted anywhere.

Great rewards, good rates

Reviewed and recommended by Danica on 03 Dec 2016

I’ve always had great results with my card, but I wish the access to my rewards was a little clearer and easier to find the best choice for me personally. I like the fact I get double points by being able to use my AmEx card as well as my MasterCard.

Using this as my spending account then replenishing the money is the best way for me to use my card and achieve the maximum points.

Awards points outweigh high fee

Reviewed and recommended by Ishita on 27 Sep 2016

It’s really convenient, with both an AmEx and a MasterCard. It’s also very easy to redeem points through CommBank Awards and Myer. Annual fees are high but easily made up for by accumulating points.

It’s also great to use NetBank, which has many convenient features including BPAY payments and categorisation of payments to track your spending habits.

Average card

Reviewed and not recommended by Rach on 09 Jul 2016

I was given this card as i am a loyal member of the Commonwealth Bank.

There are no fees, I have good interest rates, and the security of the card is meant to be increased. But during my use of the card (apart from payWave) I have not noticed a difference.

I do not receive rewards etc.

Never had a problem with this card yet

Reviewed and recommended by Greg on 17 Jun 2016

I have this card as I travel a lot. It has good and bad points like all cards, but in the long the card does everything for me that I need it to. Having this card has been a good move for me. I also tell people that it is a bargain for anyone.

I spent to much money with the card

Reviewed and not recommended by Troy on 16 Jun 2016

The credit card is great and handy. I spent too much money because it’s so convenient. Having excess money to spend is not really a great idea, but that’s what the bank wants. The late fees and interest is ridiculously high and I think that once I pay the bank I wont use a credit card again. I do like the card, but but it’s not good for me having a credit limit that is so large.

Great rewards, worth my while

Reviewed and recommended by Louise on 28 Sep 2015

I only applied for the bonus 40,000 Qantas points as I knew I would soon be booking flights and so would easily make a purchase over $500, which was the requirement for getting the bonus points. I didn’t expect to use it so much afterwards! Now I use it to pay for most things, then transfer the money to pay off the card immediately using the very useful Commonwealth Bank app.

Happy credit card

Reviewed and recommended by Namit on 05 Sep 2014

Very happy with my CBA credit cards. CBA has provided us a MasterCard and an American Express card as part of our wealth package and we don’t pay any extra card card fee. Also price protection on goods we buy using our cards is a fantastic thing to have. Thanks!

So far so good

Reviewed and recommended by anonymous on 27 Aug 2013

I have had this card for about 6 months now and I have had no issues. It shows all the expenses same day so it helps to track them. Good customer service to help with any issues and yes the fees are high so this card is not for everyone.

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
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Commonwealth Bank Awards
Temporary residents


Additional cardholders
Additional card fee
$75 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $25 or 2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers5.99% p.a.5 months0%90% of credit limit21.74% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
90% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the Commonwealth Bank Business Platinum 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.5 months0%90% of credit limit 21.74% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

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


Annual fee
$300 p.a.
Cash advance fee
whichever is greater, $4 or 1.5%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Rewards program basics

Reward points expiry
Rewards program
Commonwealth Bank Awards
Sign up bonus
100,000 points
Spend required for bonus points
$4,000 on eligible purchases by 31 January 2020

Earning points with this card

Frequent flyer points
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points
1pt per $1 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service

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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