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PLATINUM AWARDS CREDIT CARD

Platinum Awards credit card


Earn up to 2.5 Awards points^ for every dollar you spend and enjoy a host of other benefits from the CommBank Awards Program.

Rates and fees

$249 Annual fee
20.24% p.a. Purchase interest rate
21.24% p.a. Cash advance rate
  • Zero international transaction fees on overseas purchases made in-store and online using your CommBank Platinum American Express card^^.
  • Earn up to 2.5 Awards points for every dollar you spend^
  • Travel overseas knowing you have travel insurance when you activate your cover in NetBank∞

About the Platinum Awards credit card

About the program

  • Up to 2.5 Awards points for every dollar you spend on your CommBank Platinum 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
  • Up to 1 Awards point^ for every dollar you spend on your CommBank Platinum Awards Mastercard®
  • Earn up to 150,000 points^ a year (120,000 points per year if you have opted in to Qantas Frequent Flyer Direct)
  • Earn bonus Awards points^ when you make purchases with your credit card at one of our Bonus Partners

Features and benefits

  • Up to 55 days interest free on purchases
  • International travel insurance included when you activate your cover in NetBank (Eligibility and coverage)
  • Tap & Go™ with Mastercard and American Express contactless - the faster, safer way to pay for purchases under $100
  • Travel Money Card† - $0 issue fee †when you present your Platinum Awards card in branch
  • Extended warranty insurance – most purchases will get up to one extra year’s warranty on top of the manufacturer’s Australian warranty
  • Purchase security insurance – we’ll repair or replace most purchases if lost, stolen or damaged within 90 days
  • Optional CreditCard Plus insurance
  • Instant transaction updates# – so you’ll always know where you stand
  • Instantly lock international payments, block ATM cash withdrawals and limit your spending through the CommBank app or on NetBank.
Awards video

Video

See how you can earn amazing rewards for your everyday spend.

Watch video

Benefits

  • Minimum credit limit of $6,000
  • Stay in control with alerts and payment reminders1
  • Use your Mastercard at over 43 million locations worldwide11
  • 24/7 emergency assistance overseas if you lose your card
  • Discover Connect by American Express. Enjoy access to great offers, pre-sale tickets, shopping, travel and dining benefits. Connect now at amexconnect.com.au Access to a unique collection of entertainment experiences and offers for Mastercard cardholders through Priceless Sydney and Mastercard Privileges

Security

  • 100% money back guarantee so you’ll never be liable for fraudulent use of your credit card, provided you follow the Credit Cards Conditions of Use (PDF 247KB) and protect your card and PIN, and immediately notify us of their loss, theft or misuse and of any suspicious activity on your account.
  • 24-hour fraud protection detects abnormal transactions or spending patterns
  • Secure online shopping with NetCode.
  • Mastercard® Zero Liability gives you the peace of mind of free protection against fraud and other unauthorised transactions made with your card
  • Instantly lock international payments, block ATM cash withdrawals and limit your spending through the CommBank app or on NetBank.

Rates and fees

Interest rate

20.24% p.a. on purchases
21.24% p.a. on cash advances

Interest-free period

Up to 55 days interest free on purchases

Balance transfer rate

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

Annual fee

$249

Additional cardholder fee

$10 p.a.

Cash advances

  • Commonwealth Bank over the counter2: $2.50 or 2.00% of the transaction amount (whichever is greater).6
  • ATM3: $2.50 or 2.00% of the transaction amount (whichever is greater).6
  • Any other Commonwealth Bank network4: $2.50 or 2.00% of the transaction amount (whichever is greater).6
  • Non-Commonwealth Bank over the counter5: $2.50 or 2.00% of the transaction amount (whichever is greater).6
  • Overseas terminal or bank: $2.50 or 2.00% of the transaction amount (whichever is greater).6
  • Cash equivalent items or cash substitutes: $2.50 or 2.00% of the transaction amount (whichever is greater).7

Lock, block and limit your card

  • Instantly lock, block and limit your credit card for extra control through the CommBank app or NetBank.10
  • Lock in-store and online international payments – so that no one can use your card to make purchases overseas or on international websites10
  • Block ATM cash withdrawals – so nobody can use your credit card to get cash out except you,10
  • Limit your spending – by setting a maximum amount per transaction.10
  • The settings you activate will apply instantly. Change them at any time10

Our Awards Program

Awards Programs

CommBank offers the largest rewards program of any bank in Australia*, with no expiry on points. Earn points when you use your CommBank Awards credit card for daily spending and redeem in-store at Myer and Flight Centre or choose from over 1,000 Award items.

  • Your CommBank Awards credit card gives you automatic access to the Awards program
  • Earn points on everyday credit card purchases
  • Redeem points for items, travel, gift cards or cashback
  • Redeem points in-store at Myer or Flight Centre

If you don’t have enough points for the reward you’re after, you can use Points Plus Pay.  This lets you use the Awards points you have now, then use your credit card to make up the difference.

See and redeem your CommBank Awards points in the CommBank app. It’s never been easier.

Open the CommBank app

Open the CommBank app and tap on the cards icon located in the middle of the bottom row.

Log on for security

If you haven’t logged in yet, you’ll be asked to log on for security.

Tap on the Awards link

Tap on the Awards link below your CommBank Awards card.

Earning points

American Express

Mastercard®

 

Platinum Awards

up to 2.5 overseas and at supermarkets, department stores and petrol stations in Australia^9

up to 1^

For an annual fee of $30, you can choose to automatically convert your CommBank Awards points into Qantas Frequent Flyer points.**

1 Qantas point = 2.5 CommBank Award points

Earn bonus Awards points when you make purchases with any of our Bonus Partners.
 
Look out for special offers during the year to get even more value from your Awards points.
 

Redeeming points

Earning Awards points might be easy, but with over 1,000amazing rewards on offer, deciding exactly what to redeem them for can be a little harder.

  • Pay with CommBank Awards points at Myer – redeem your Awards points instantly in-store at Myer for purchases when you present your Awards credit card
  • Redeem Awards points for travel at Flight Centre – choose your seat, any airline, any destination at any time. Visit any store, go to Flight Centre online from the Awards website or call 1300 165 033
  • See our latest Awards Guide for a sample of the great rewards available
  • Redeem your CommBank Awards points for cash, credited straight into your credit card account so you can treat yourself to whatever you like

Pay with Points In-Store

CommBank Awards customers can use their Awards points in-store at Myer and Flight Centre to pay for purchases and travel. Select their logos below to find out more:

No problem, you can use Points Plus Pay. This lets you use the Awards points you have now, then use your credit card to make up the difference

Points Balance

As your CommBank Awards points balance grows, you can keep an eye on it from NetBank or the CommBank app,and see what you could spend them on.:

See your points balance from the CommBank app.

Open the CommBank App, tap Cards, and then tap the Awards link below your CommBank Awards credit card.

View your CommBank Awards points balance
Awards icon

See your points balance from NetBank

All you have to do is access the Awards website by clicking the Awards icon (shown here) next to your credit card details. Here's an example of where the Awards icon is located in NetBank.

My portfolio

No NetBank? Sign up now

If you’re not registered for NetBank, sign up now for free. It’s the quick and easy way to look at your finances and have immediate access to the Awards program.

Find out your balance in-store

With our exclusive partners, Myer and Flight Centre you can now find out your CommBank Awards points balance instantly and go on to pay with points at the till.

Call us
You can also call us 13 1661 between 8am and 8pm, Monday to Friday (Sydney/Melbourne time).

Travel

  • Redeeming Awards points for travel is simple with Flight Centre – choose your seat, any airline, any destination at any time. 
  • Redeem Awards points instantly at over 1,000 Flight Centre stores, by going to the CommBank Awards website from NetBank or the CommBank app or by calling 1300 165 033
  • Use Awards points to book flights, hotels, car hire, cruises and holiday packages
  • You can also redeem Awards points at Escape Travel, Student Flights, Travel Associates and Cruiseabout
  • If you don’t have enough points, you can use Points Plus Pay. This lets you use the Awards points you have now, then use your credit card to make up the difference
Tell me more

You can either:

  • Purchase international or domestic flights, or domestic accommodation from the Awards website. To get there, select the Awards icon next to your credit card details in NetBank, or tap the Awards link below your CommBank Awards Credit Card in the CommBank app.
  • Present your Awards credit card at a Flight Centre store
  • Call 1300 165 033 and ask to pay with CommBank Awards points
Tell me more

Learn more about other travel programs with our travel partners. Simply click on the logos below.


Apply online and get a response in 60 seconds.

or

Already a customer banking online with us?

Save time by using your NetBank details.

Apply in NetBank

New customer or don't bank online with us?

Apply online

or

Related products

Awards credit card

Reward your everyday spend. Redeem points instantly at Myer, Flight Centre or choose an item from the CommBank Awards Program.

Learn more

Gold Awards credit card

Earn up to two Awards points^ for every dollar you spend, plus other benefits like complimentary insurances.

Learn more

Diamond Awards credit card

Earn up to a million Awards points^ a year from the CommBank Awards Program.

Learn more

Things you should know

CommBank Credit Card Conditions of Use

Applications for finance are subject to the Bank's normal credit approval. Full conditions of use will be included in our Letter of Offer. Fees and charges apply.

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.

*Source: Roy Morgan Research, customers 18+ with a rewards/loyalty card in the 12 months to February 2017.

As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on this advice, consider its appropriateness to your circumstances. The Product Disclosure Statement and Conditions of Use (PDF 222.5kb) issued by Commonwealth Bank of Australia ABN 48 123 123 124 for Travel Money Card should be considered before making any decision about this product. View our Financial Services Guide (PDF 160kb).

# Excludes manual transactions and some contactless payments

± Concierge - refer to Your Concierge service Terms and Conditions for all the information.

Refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet.

**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 Subscription to this service may be limited.

^^ For cash advances, the cash advance fee will apply.

1 Subscription to this service may be limited.
2
Charge applies to cash advances at Commonwealth Bank branches.
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 by way of funds transfer through NetBank, CommBank app, by calling 13 2221 and Australia Post.
5
Fee applies to cash advance transactions made at other financial institutions within Australia.
6
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).
7
Charge applies to purchases of cash equivalent items, such as gambling, lottery tickets, money transfers or travellers cheques, including transactions which merchants tell us are for such items.
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.
8
Charge applies to purchases of cash equivalent items or cash substitutes including gambling transactions or traveller’s cheques.
9
Excludes transactions flagged as recurring (e.g. direct debits) and transactions not sent to us for authorisation. Other Terms & Conditions apply.
10 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.
11
 Source: The Nilson Report, Issue 1095 September 2016.

The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Financial Services Guide. Please view our Credit Card Conditions of Use.

Mastercard and the Mastercard brand mark are registered trademarks of Mastercard International Incorporated. Tap & go is a trademark of Mastercard International Incorporated. American Express and entré are trademarks of American Express. The Commonwealth Bank American Express Card is issued and administered by Commonwealth Bank of Australia pursuant to a license from American Express.

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