About the Business Platinum Awards credit card


  • Reward yourself and earn points for every dollar you spend^ to redeem for a wide range of gift cards, merchandise, cash back, flights and more
  • Ideal cash flow tool for small business owners
  • Simple application process - no need to provide business financials
  • Save time by having your business expenses in one place, making your business activity statement (BAS) easy
  • Minimum credit limit of $6000
  • Save time on data entry with automatic bank feeds sent to your accounting software such as Xero or MYOB
  • Mastercard is accepted at over 43 million locations worldwide*
  • 24/7 emergency assistance overseas if you lose your card with Mastercard Global Service
  • Discover Connect by American Express. Enjoy access to great offers, pre-sale tickets, shopping, travel and dining benefits. Connect now at Amexconnect.com.au/CBA
  • Access to a unique collection of entertainment experiences and offers exclusively for Mastercard cardholders through Priceless Sydney and MasterCard Privileges


  • Zero international transaction fees on overseas purchases made in-store and online using your Platinum American Express card5
  • Stay in control with alerts and payment reminders##
  • Unsecured credit limit of up to $50,000 (based on eligibility criteria)
  • Up to 55 days interest free on purchases
  • Manage online with CommBiz, NetBank or the CommBank app – get statements, set up automated payments, change daily limits and more
  • Complimentary Transit Accident Insurance and Unauthorised Transaction Insurance
  • International travel insurance included when you activate your cover in NetBank\
  • Add your business name to the credit card
  • Transactions updated instantly – so you’ll always know where you stand1
  • Instantly lock international payments, block ATM cash withdrawals and limit your spending with the CommBank app or on NetBank.^^

Awards program

  • Up to 3 Awards points for every dollar you spend on your CommBank Awards American Express® card overseas and at supermarkets, department stores and petrol stations in Australia^
  • Earn 0.5 points per dollar spent using your American Express card everywhere else^
  • 1 Awards point for every dollar you spend on your CommBank Awards Mastercard®^
  • Earn up to 300,000 points a year. Tell me more
  • Earn bonus Awards points when you make purchases with your credit card at one of our bonus partners

Rates and fees

Interest rate

20.74% p.a. on purchases
21.74% p.a. on cash advances

Interest-free period

Up to 55 interest free days on purchases.

Balance transfer rate

Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across2 cash advance rate thereafter.

Annual fee


Additional cardholder fee

$75 per annum

Cash advances

  • ATM3: 1.50% of the transaction amount.8
  • Commonwealth Bank over the counter4: $2.50 or 1.50% of the transaction amount (whichever is greater).8
  • Non-Commonwealth Bank over the counter5: $3.00 or 1.50% of the transaction amount (whichever is greater).8
  • Any other Commonwealth Bank network6: 1.50% of the transaction amount.8
  • Overseas terminal or bank: $4.00 or 1.50% of the transaction amount (whichever is greater).8
  • Cash equivalent items or cash substitutes7: 1.50% of the transaction amount (whichever is greater).8

Other fees may apply. For full details, see Commonwealth Bank Business Credit Cards Standard Fees and Charges (PDF 55kb)

Learn more

Related products

Business Awards Gold credit card

Business Awards Gold credit card

Earn up to two Awards points for every dollar spent on your CommBank Business Awards American Express® Card. 

Learn more
Business Awards credit card

Business Awards credit card

Earn up to 1.5 Awards points for every dollar spent on your CommBank Business Awards American Express® Card.

Learn more

Important information

^ Points are earned on eligible transactions and are subject to points capping. You’ll earn the maximum points per $1 spent when using your American Express card for eligible transactions overseas and at a Higher Points Merchant, which means a business in Australia classified as a 'supermarket', 'department store' or 'service (petrol) station' for the purposes of American Express transactions, excluding any business or organisation paid using an intermediary payment platform, for example, PayPal; and 0.5 points per $1 spent using your American Express card everywhere else. Refer to the CommBank Awards Program Terms and Conditions for more information.

^^ Lock, Block, Limit does not apply to transactions that are flagged as recurring (e.g. direct debits) and transactions not sent to us for authorisation. Except for the spending cap, transactions made via Tap & Pay set up on a compatible smartphone or via a PayTag are not blocked. Some transactions made via CommBank branches, telephone, online or mobile banking, including transfers to other accounts, bill payments, and assisted cash withdrawals are also excluded. Other conditions apply.

\ Cover is available for you, your spouse and your dependent children for return trips from Australia, up to a set period. You will need to activate your travel insurance for each trip in order to have an activated level of cover. To activate your cover, register on NetBank, the CommBank app or call Allianz Global Assistance on 1800 837 177 before you travel. If you don’t activate you’ll receive Base cover which includes personal liability cover and overseas emergency medical assistance and hospital expenses only. Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), limits and excesses may apply to both Base and Activated cover. Please refer to our Credit Card Insurances Product Disclosure Statement and Information Booklet available from commbank.com.au/creditcardinsurance or any branch for full details. Insurance is issued and managed by AGA Assistance Australia Pty Limited (trading as Allianz Global Assistance) (ABN 52 097 227 177 AFSL No. 245631) on behalf of the insurer Allianz Australia Insurance Limited (ABN 15 000 122 850 AFSL No. 234708) for Commonwealth Bank of Australia.

s Available in-store at Myer only. Ask a Myer team member in-store to find out the redeemable value of your points. Minimum redemption of 1,000 points per day applies. Awards points cannot be returned to your account. A Myer Returns Card for the dollar value of the amount you have paid for with points will be provided to you. Myer in its sole discretion may refuse the use of Awards points. Awards points cannot be redeemed for cash or any other offer, used at Myer towards payment of Myer Store or Myer Visa card accounts, lay-by accounts; purchase of Coles Group and Myer’ Gift Cards and purchases at some food and service outlets. Other exclusions may apply from time to time and will be available at myer.com.au.

* The Nilson Report, Issue 1095 September 2016. Mastercard and the Mastercard brand mark are registered trademarks of Mastercard International Incorporated.

** Minimum redemption of 2,500 Awards points applies. All travel products and offers from Flight Centre Limited are subject to availability and can only be booked by the general public. The redemption of Awards points for travel at Flight Centre Limited is subject to terms and conditions of the CommBank Awards program available at commbank.com.au as well as booking agency online and retail booking terms and conditions. Flight Centre locations include: Flight Centre, Escape Travel, Student Flights, Travel Associates and Cruiseabout retail travel agencies. Flight Centre Limited (ABN 25 003 377 188) trading as Flight Centre, Escape Travel, Student Flights, Travel Associates & Cruiseabout. Lic No. QLD TAG262, NSW 2TA2719, ACT 18800224, VIC 31089, TAS TAS031, SA TTA254, WA 97A 589, NT 008.

~~ Customers must be opted in to Qantas Frequent Flyer Direct to earn Qantas Points. To opt in to Qantas Frequent Flyer Direct, call 13 1661 or visit the Awards website Redeem Travel page. There is a $30 annual fee charged for opting in. Once a customer has opted in to Qantas Frequent Flyer Direct, all CommBank Awards points earned after opting in will be automatically redeemed for Qantas Points and transferred monthly to their Qantas Frequent Flyer account at the applicable conversion rate. It is important to note that any CommBank Awards points earned prior to the date of your opt-in cannot be transferred to your Qantas Frequent Flyer account. You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. A joining fee may apply. Membership and the earning and redemption of points are subject to the Qantas Frequent Flyer program terms and conditions. Further information on the Qantas Frequent Flyer program including the terms and conditions of the program are available at qantas.com/terms or by calling 13 11 31.

# Velocity Frequent Flyer (Velocity) is the loyalty program of the Virgin Australia Group. You must be a member of Velocity to redeem your CommBank Awards points for Velocity Points. Points transferred to Velocity and membership of Velocity is subject to the Velocity Membership Terms and Conditions, available at velocityrewards.com.au, as amended from time to time. A minimum of 3,600 CommBank Awards points must be redeemed for Velocity Points. Once CommBank Awards points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms and Conditions and cannot be reversed. Velocity is owned and operated by Velocity Rewards Pty Ltd as trustee of The Loyalty Trust.

1 Excludes some manual transactions and some contactless payments.

2 At the end of the balance transfer period, the interest rate on any outstanding transferred balances converts to the cash advance rate current at that time. Other fees and charges may be payable.

3 Charge applies to cash advances through a terminal of any financial institution in Australia, at ASB Bank in New Zealand, Commonwealth Bank in Indonesia and Commonwealth Bank in Vietnam.

4 Charge applies to cash advances at Commonwealth Bank branches.

5 Fee applies to cash advance transactions made at other financial institutions within Australia.

6 Charge applies to cash advances by way of funds transfer through NetBank, PhoneBank Transfer, Commonwealth Bank Customer Service Centre, Australia Post, 13 2221 Transfer Cash, NetBank Transfer Home Loan, Mobile Bank Transfer and NetBank Transfer Personal Loan.

Charge applies to purchases of cash equivalent items or cash substitutes including gambling transactions or traveller’s cheques.

8 A maximum charge of $150.00 (or a flat fee of $2.50 applies if your closing balance on previous business day was in credit).

Note: For cash advances and balance enquiries made through a non-Commonwealth Bank ATM in Australia, the ATM owner may charge you a fee, which will be disclosed at the time of the transaction. If you proceed with the transaction, the ATM owner’s fee will be debited to your account (in addition to the cash advance amount) if applicable. You should check the ATM owner’s fees that apply carefully before completing. 

Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated. American Express is a registered trademark of American Express. This credit card program is issued and administered by the Commonwealth Bank of Australia. Commonwealth Bank American Express Card is issued and administered by Commonwealth Bank of Australia pursuant to a license from American Express.

Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in our Letter of Offer. Bank fees and charges may apply. This advice has been prepared without considering your objectives, financial situation or needs. Before acting on the advice, please consider its appropriateness to your circumstances. You can also download our Financial Services Guide (FSG) (PDF 59kb). View Terms and Conditions for Electronic Banking (PDF 135kb), NetBank and CommBiz (PDF 325kb) and consider them before making any decision about these products. View our Certificate of Transit Accident Insurance (PDF). Please view our Credit Card Conditions of Use.

The CommBank Business Credit Cards are Personal Liability Business Credit Cards. By applying, you (the individual that is applying for a Business Credit Card) acknowledge that the Business Credit Card you are applying for provides for Personal Liability. We will look to you (and no any company, partnership or other business entity that may employ or engage you) to recover all amounts charged using the Business Credit Card, including any amounts charged by an additional cardholder.