Features & benefits

Reward yourself

Earn points for every dollar you spend1 to redeem on a wide range of gift cards, merchandise, cash back, flights, electronics and more.

Get access to a unique collection of entertainment experiences and offers exclusively for Mastercard® cardholders through Priceless Sydney and Mastercard Privileges.

Simplify admin

Keep your business expenses in one place, making your business activity statement (BAS) easy.

Travel with confidence

24/7 emergency assistance overseas if you lose your card with Mastercard Global Service.

Mastercard is accepted at millions of locations worldwide.

Manage your money

Get up to 55 days interest free on purchases, so you can keep cash in your account longer.

Manage your card online with CommBiz, NetBank or the CommBank app. Get statements, set up automated payments, change daily limits and more.

Stay in control with alerts and payment reminders.2 

Transactions updated instantly – so you’ll always know where you stand.3

Protect yourself

Transit Accident Insurance and Unauthorised Transaction Insurance included.4

Instantly lock international payments, block ATM cash withdrawals and limit your spending from the CommBank app or NetBank.5

Apply easily

Simple application process, no need to provide business financials.

Minimum credit limit of $6,000.

Unsecured credit limit of up to $50,000 (based on eligibility criteria).

CommBank Awards program

  • The largest credit card rewards program of any bank in Australia6
  • Earn 1 Awards point1 for every dollar you spend on your 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
  • Use your Awards points instantly in-store to pay for your purchases at Myer7
  • Redeeming Awards points for travel is simple with Flight Centre8 - choose your seat, any airline, any destination at any time
  • Choose from a huge range of gifts, merchandise, cashback and more
  • You can also transfer points to other travel programs - Transfer your Awards points via the Awards site to over 10 airline partners, including Qantas Frequent Flyer and Velocity Frequent Flyer
Couple walking down street with shopping bags

Rates & fees

Rates & fees
Purchase interest rate
20.74% p.a.
Cash advance interest rate
21.74% p.a.
Balance transfer rate
Pay a low 5.99% p.a. in interest for the first 5 months on the balance you bring across9 cash advance rate thereafter.
Interest-free period
Up to 55 interest free days on purchases.
Annual fee
Additional cardholder fee
$75 per annum
Minimum credit limit
Cash advances
  • ATM10: 1.50% of the transaction amount11
  • Commonwealth Bank over the counter12: $2.50 or 1.50% of the transaction amount (whichever is greater)11
  • Non-Commonwealth Bank over the counter13: $3.00 or 1.50% of the transaction amount (whichever is greater)11
  • Any other Commonwealth Bank network14: 1.50% of the transaction amount11
  • Overseas terminal or bank: $4.00 or 1.50% of the transaction amount (whichever is greater)11
  • Cash equivalent items or cash substitutes15: 1.50% of the transaction amount11

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

Things you should know

° This offer has been extended. Offer available on new Platinum Awards credit cards (including Business Platinum) applied for between 15/07/2020 and 29/04/2021 (previous end date 28/10/2020). Offer not available on all other card types, existing cards, and switches from other card types and is not available to customers who currently hold, or have held, any Awards card types in the 12 months prior. You will be ineligible for the points if your account is closed, transferred, or in default at any time prior to the points being credited to your account. The earning and redemption of CommBank Award points are subject to the Commonwealth (CommBank) Awards Program Terms and Conditions, available here. To be eligible for the 80,000 Bonus CommBank Awards points on a new Platinum Awards or Business Platinum Awards card, you need to spend at least $4,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation. Bonus Points will appear on your statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria. Offer only available on one credit card per customer. We reserve the right to close the offer prior to 29/04/2021.

Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Commonwealth Bank of Australia ABN 48 123 123 124, Australian credit licence 234945.

1 Points are earned on eligible transactions and are subject to points capping. Refer to the CommBank Awards Program Terms and Conditions for more information.

Subscription to this service may be limited.

3 Excludes some manual transactions and some contactless payments.

View our Certificate of Transit Accident Insurance (PDF) here and Certificate of Unauthorised Transactions Insurance here.

5 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.

6 Source: DBM Consultants, customers 18+ with a rewards/loyalty card in the 12 months to June 2019.

7 Pay with points is available in-store at Myer only. Ask a Myer team member in-store to check the redeemable value of your points. Some exclusions apply, including using points to pay Myer card accounts, purchase of Coles Group & Myer Gift Cards or Myer Gift Cards, lay-by, purchases at some food and service outlets; and Miele appliances. More information is available at myer.com.au. Points cannot be redeemed for cash. A maximum of 1 million points redemption per day applies. Redemption of Awards points using your credit card via Apple Pay is unavailable in-store at Myer stores Australia-wide. Customers must use their Awards credit card to pay with points at Myer. Refer to the CommBank Awards website, accessible through NetBank, for full terms and conditions.  

8 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 Travel Group Limited (ABN 25 003 377 188) trading as Flight Centre, The Universal Traveller and Travel Associates. ATAS Accreditation No. A10412. Redemption of Awards points using your credit card via Apple Pay is unavailable in-store at Flight Centre stores Australia-wide and for Flight Centre online via the Awards website. Customers must present their Awards credit card to pay with points at Flight Centre.

9 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.

10 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.

11 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).

12 Charge applies to cash advances at Commonwealth Bank branches.

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

14 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.

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

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.

This credit card program is issued and administered by the Commonwealth Bank of Australia. 

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. 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.