Commonwealth Bank
Commonwealth Bank

Commonwealth Bank Platinum Awards Credit Card

Purchase Rate
20.24% p.a.
Cash Advance Rate
21.24% p.a.
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Interest Free
Up to 55 days
Annual Fee
$249.00
Balance Transfer Rate
5.99% p.a. for first 5 months
  • Get 60k Bonus CommBank Awards Points (or 24k Qantas Points) when you apply by 30 Sep 2021 and spend $4,000 on eligible purchases within 90 days of activation. Plus, 20k Bonus CommBank Awards Points (or 8k Qantas Points) when you keep your card for over 12 months.
  • Apply between 30/04/2021 and 30/09/2021.
  • Lock in double CommBank Awards points with a new Awards credit card from CommBank**.
  • Available on MasterCard® spend for the first 90 days when you apply any lock, block or limit feature within the first 30 days.
  • Limited time only on personal online applications.
  • Automatic enrollment in Platinum Commonwealth Awards program.
  • Platinum Connection concierge service.
  • Complimentary international travel insurance for return trips of up to 12 months.
  • MasterCard PayPass.
  • Present your credit card when purchasing a Travel Money Card at any Commonwealth Bank branch and pay no card issue fee.
  • A $10 fee applies for additional card holders.

Key Features
Rewards Program
Rewards
Joining Fee
$0.00
Annual Fee
$249.00
Insurance Cover
for Purchases
Overseas ATM
Availability
Automatic Travel
Insurance

Rewards Program
  • When a customer uses a Mastercard or Visa credit card:
  • Earn 1 Awards point per $1 spent.
  • Throughout the year you'll also find a wide range of bonus offers to help you get even more value from your Awards points
  • Prefer to take a holiday? You can also choose to redeem your points at Flight Centre to help you getaway on your next holiday even sooner
  • Redeem your points for cash - we'll credit it straight into your account so you can treat yourself to whatever you like
  • To give you even more flexibility and choice, you can elect to use Points Plus Pay, which lets you use the Awards points you have with some extra cash from your credit card to make up the difference

Fee & Repayments

Annual Fee $249.00
Annual Fee First Year $249.00
Rewards Joining Fee $0.00
Supplementary Card Fee $15.00
Minimum Repayment Greater of 2% or $25.00
Interest Charged From PurchaseDate
Late Payment Fee $20.00

Rewards Program

Rewards Points per Dollar 1
Linked to Frequent Flyer
Spend to Redeem $100 Gift Card* $6,960.00
Frequent Flyer Ratio 0.5
Spend at Loyalty Partner for $100 Gift Card*
SPEND FOR SYD/MEL RETURN* $20,000.00
Lifetime of Points
Rewards Program Partners ACP Magshop, Adairs, Bob Jane T-Marts, Caltex, Cellarmasters, Conrad Jupiters, Conrad Treasury, Crown Promenade Hotel, Crown Towers, David Jones, Dreamworld, efragrance, Fruit Only, Hoyts, Marque Hotels, Napoleon Perdis Cosmetics, Prouds The Jewellers, Red Balloon Days, Rendezvous Hotels, Roses Only, Sanity, Showbiz Box Office, Sony Style, Strandbags, Sydney Aquarium, Sydney Wildlife World, Thrifty, Travelodge Hotels, Travel Plus, Village Cinema's, Warner Village Theme Parks, WhiteWater World.
Rewards Bonus Points Partners ACP Magshop, Adairs, Bob Jane T-Mart, Cellarmasters, Conrad Jupiters, Conrad Treasury, Crown Promenade Hotel, Crown Towers, Dreamworld, efragrance, Fruit Only, Hoyts, Marque Hotels, Napoleon Perdis Cosmetics, Prouds The Jewellers, Red Balloon Days, Rendezvous Hotels, Roses Only, Sanity, Showbiz Box Office, Sony Style, Strandbags, Sydney Aquarium, Sydney Wildlife World, Thrifty ,Travelodge Hotels, Travel Plus, Village Cinema's, Warner Village Theme Parks, WhiteWater World.
Domestic Airlines Qantas Frequent Flyer Velocity Rewards
International Airlines
Conditions Awards Points are Evergreen. Though conditions apply re: closed, fraudulent and delinquent accounts. Points expire 3 months after account is closed.

Other Charges

Duplicate Statement Fee $7.00
Overseas ATM Balance Fee $1.25
Transaction Verification Fee $0.00
Overseas ATM Withdrawal Fee $4.00
Over Limit Fee $0.00
Overseas Emergency Card Replacement Fee $20.00
Terms & Conditions
* Offer available on new Platinum Awards credit cards (including Business Platinum), Diamond Awards credit cards and Ultimate Awards credit cards applied for between 30/04/2021 and 30/09/2021. 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 CommBank Awards Program Terms and Conditions, available here. To be eligible for the initial 60,000 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. You will receive an additional 20,000 Bonus CommBank Awards points when your card remains open 12 months after being activated, provided you met the initial spend criteria. To be eligible for the initial 90,000 Bonus CommBank Awards points on a new Diamond Awards or Ultimate Awards card, you need to spend at least $5,000 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. You will receive an additional 30,000 Bonus CommBank Awards points when your card remains open 12 months after being activated, provided you met the initial spend criteria. If you choose to opt-in to Qantas Points in your credit card application, all CommBank Awards points including bonus points will be converted to Qantas Points at a rate of 2.5 CommBank Awards points to 1 Qantas point. Bonus points will appear on your credit card statement as ‘Bonus Awards’ within 90 days of you meeting the eligibility criteria and, if you opt-in to Qantas Points, will be automatically transferred to your Qantas Frequent Flyer account. Once CommBank Awards points are transferred to Qantas Points, they are governed by the terms and conditions of the Qantas Frequent Flyer program and cannot be converted back to CommBank Awards points or redeemed under the CommBank Awards Program. If you opt-out of Qantas Points prior to the points being awarded, bonus points will not be transferred to your Frequent Flyer account Offer only available on one credit card per customer. We reserve the right to close the offer prior to 30/09/2021. 1 You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. If you are not a Qantas Frequent Flyer member, join for free here. Membership and Qantas Points are subject to the terms and conditions of the Qantas Frequent Flyer program available at qantas.com/terms. 2 This is a non-refundable additional fee charged to your card when you opt-in to earn Qantas Points and each subsequent year on the anniversary of your opt-in. This is charged on top of your regular credit card fees. Fee applies to each account opted-in to Qantas Points. 3 How you earn or redeem CommBank Awards points will be subject to the Commonwealth (CommBank) Awards Program Terms & Conditions. You only earn points on eligible transactions (this excludes, for example, BPAY transactions, cash advances, balance transfers and payments to the Australian Taxation Office unless made using a Business Awards card). The number of points you can earn may be capped. Awards and the number of points required for Awards are subject to change at any time without notice. How Awards points and Qantas Points work: If you opt-in to earn Qantas Points, your CommBank Awards points earned each month are automatically transferred to your Qantas Frequent Flyer account at the end of each statement period, at a rate of 2.5 CommBank Awards points to 1 Qantas Point. Points transferred to your Qantas Frequent Flyer account are captured on your CommBank credit card statement. Awards credit card holders can earn up to 50,000 Awards points per year, which is equal to 20,000 Qantas Points. Gold Awards credit card holders can earn up to 75,000 Awards points per year, which is equal to 30,000 Qantas Points. Platinum Awards credit card holders can earn up to 150,000 Awards points per year, which is equal to 60,000 Qantas Points. Diamond Awards credit card holders can earn up to 1,000,000 Awards points per year, which is equal to 400,000 Qantas Points. Ultimate Awards cardholders can earn unlimited Awards points per year, which are then transferred to Qantas Points. 4 Eligible CBA credit or debit Mastercard, Business credit cards and StepPay customers, that are at least 18 years old, are not in hardship, and are not in default with any CommBank accounts can access CommBank Rewards through the latest version of the CommBank app. Terms and conditions including minimum spend requirements apply to CommBank Rewards and can be viewed within the CommBank app. 5 Travel insurance included on your credit card provides cover for you, your spouse and your accompanied 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 a comprehensive level of cover. To activate your cover, register on Netbank, the CommBank app or call Cover-More on 1300 467 951 before you travel. If you don’t activate you’ll receive Base medical which includes personal liability cover and unlimited overseas emergency medical assistance and hospital expenses only. Restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), limits, sub-limits and excesses apply. Before making a decision, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions. Insurance issued and administered by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640) for Commonwealth Bank of Australia. If you purchase an Upgrade Policy, we receive a commission which is a percentage of your premium - ask us for more details before we provide you with any services on this product.including for pre-existing medical conditions and persons aged 80 years or over), limits and excesses may apply to all insurances. More information and the relevant Credit Card Insurances Product Disclosure Statement and Information Booklet can be found here. 6 For extended warranty, purchases must be charged to the cardholder’s eligible credit card account or purchased by redeeming Commonwealth Awards points, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions. 7 Purchase security insurance provides 90 consecutive days of cover (from the date of purchase) in the event of loss, theft or damage. Purchases must be charged to the cardholder’s eligible credit card account or is purchased by redeeming Commonwealth Awards points, refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet for full conditions. 8 Source: DBM Consultants, customers 18+ with a rewards/loyalty card in the 12 months to January 2021. 9 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. 10 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. 11 A maximum charge of $300 (or a flat fee of $3.00 applies) if your closing balance on previous business day was in credit. 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. Applications for credit cards are subject to credit approval. Full terms and conditions will be included in our Letter of Offer. Bank fees and charges apply. Please view our Credit Card Conditions of Use. Mastercard and Priceless are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. 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.

* For cards with reward programs that allow you to earn points, unless otherwise noted, the best case scenario of everyday spending is used when calculating the spend required to earn a reward. Everyday spending does not include bonus points that may be earned by shopping with loyalty partners. For rewards programs that have monthly caps, we assume you stay under that cap and for products with two cards, we assume spending is with the highest earning card. For programs that allow you to convert points for air travel at a price that changes from day to day, we have assumed that the flight is $300 (taxes and charges inclusive).

Visa® is a registered trademark of Visa International Services Association.
The MasterCard® brand is a registered trademark of MasterCard International Incorporated.