Commonwealth Bank Business Awards Credit Card

On website

Commonwealth Bank Business Awards Credit Card

Balance transfer

N/A

Purchase rate

20.74% p.a. ongoing

Annual fee

$100.00 p.a. ongoing

Highlights

  • Select between earning CommBank Awards points or opting for Qantas Points with a $30 annual fee. Terms and Conditions apply.
  • Enjoy up to 55 days interest-free on purchases.
  • Accrue 1 Awards point for every dollar spent using your Awards Mastercard.

Pros and cons

Pros

  • Get access to a unique collection of entertainment experiences through Priceless Sydney and Mastercard Privileges.
  • 24/7 emergency assistance overseas.
  • Includes Transit Accident Insurance and Unauthorised Transaction Insurance.

Cons

  • The additional cardholder fee is $75.

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
Mastercard
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Below Average, Fair, Good, Very Good, Excellent
Minimum Income
N/A
Temporary Residents Accepted
Yes

Additional cardholders

Additional Cardholders
1
Additional Card Fee Ongoing
$75.00

Credit limits

Minimum Credit Limit
$500.00
Maximum Credit Limit
$50,000.00

Repayments

Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%

Balance transfers

Balance transfer offer

Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A

Balance transfer conditions

Balance Transfer From Personal Loan
N/A
Balance Transfer Limit Percentage
N/A
Balance Transfer Revert Rate
N/A

Rates, fees, charges

Cash advances

Cash Advance Rate
21.74% p.a.
Cash Advance Fee
$4.00
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
20.74% p.a.

Account fees

Annual Fee Initial Year
N/A
Annual Fee Ongoing
$100.00
Dishonour Fee
N/A
Duplicate Statement Fee
N/A
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$20.00

Rewards

Rewards program basics

Rewards Program
Commonwealth Bank Awards
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
1
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
1

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
Yes

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

The basics

  • Additional cardholders. Additional cardholder can be added to the account with a $75 p.a. fee.
  • Digital wallets. The Commonwealth Bank Business Awards Credit Card allows eligible purchases to be made using Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. Commonwealth Bank will not allow their business credit cardholders to engage in gambling transactions on their cards.

Rewards and benefits

  • Complimentary travel insurance. This card does not come with complimentary international travel insurance.
  • Concierge services. The Commonwealth Bank Business Awards Credit Card does not offer a concierge service.
  • Insurances. This card comes with transit accident and unauthorized transaction insurance.
  • Rewards points. Earn 1 point per $1 spent on eligible purchases. Points can be redeemed in the Commonwealth Bank Awards program for a range of exclusive offers and experiences.
  • Sign up bonus. There is no signup bonus for this card.

Rates and fees

  • Annual fee. This card's annual fee is $100 p.a
  • Balance transfers. The Commonwealth Bank Business Awards Credit Card has no introductory balance transfer offer at the moment
  • Cash advances. The interest rate for cash advances on the Commonwealth Bank Business Awards Credit Card is 21.74% p.a. annual interest rate. Interest is calculated daily and charged to your account monthly.
  • Cash advance fee. The cardholder will be charged a cash advance fee on all of their overseas cash advances.
  • Foreign exchange fee. The Commonwealth Bank Business Awards Credit Card charges a foreign transaction fee of 3%.
  • Interest-free period. Enjoy 55 days interest-free on purchases.
  • Purchases. The Commonwealth Bank Business Awards Credit Card does not have any introductory offer on purchases. Purchases made with it will be charged interest at 20.74%.
account

Reviewed by Credit Card Compare Staff

History

    User reviews

    Convenience

    Customer service

    Rates and fees

    Rewards

    Trust

    Convenient and functional

    Reviewed by Amme

    This card suits our lifestyle

    Reviewed by Lane

    Convenient!

    Reviewed by Anon

    Great rewards, lots of options

    Reviewed by Rodrigo

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