Get more out of your business spending with CommBank Business Awards Credit Card. Earn 1 CommBank Awards points for every dollar you spend or opt-in to earn 0.4 Qantas Points for $30 per year. Enjoy an unsecured credit limit of up to $50,000 (based on eligibility criteria), up to 55 days interest free on purchases, complimentary insurance covers, and other handy features.
T&Cs apply.
Commonwealth Bank Awards
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
Looking for ways to get more out of your business spending? A business rewards card could be just what you need. With the CommBank Business Awards Card, you can earn rewards on your everyday business spending, while taking advantage of an array of features, benefits and business tools. Worth finding out more? We think so!
What really sells this card is its rewards program. Allowing cardholders to earn points on their business spending, the CommBank Business Awards Card offers a huge range of rewards points redemption options, from flights and merchandise to gift cards and cash back.
Accumulating points within CommBank’s Awards program, the card’s earn rate allows you to earn 1 Awards point for every $1 spent on using your Mastercard, plus, you can also earn bonus Awards points when you use your card at any of CommBank’s bonus partners. Points are capped at 60,000 per year.
And those redemption options? You could choose to redeem your points instantly when paying in-store for purchases at Myer, or alternatively, points can be redeemed within the Awards program for a great range of gifts, merchandise, cashback and more.
In terms of travel, you can redeem points when booking directly with Flight Centre, or you could use them within other travel programs such as Velocity Rewards and Qantas Frequent Flyer for flights, upgrades and merchandise.
When weighing up the options on a new business credit card, it’s important to look at all angles. With the CommBank Business Awards Card, you will have an annual fee of $100 to cover, plus $75 per year for each additional card. With relatively high rates of interest on cash advances and purchases, that’s also something to take into consideration.
As a rewards business card, the CommBank Business Awards Card certainly has a lot to offer. But, there is plenty more in features and extras to help make it even more appealing.
With up to 55 days interest free on purchases, it can extend cashflow for small business owners. The card can also help save time, keeping business expenses in one place, ready for the business activity statement. An automatic bank feed sent directly to accounting software such as Xero or MYOB can help save even more time.
In terms of support, you can benefit from 24/7 emergency assistance from Mastercard Global Service if you lose your card overseas, with complimentary transit accident insurance and unauthorised transaction insurance also on your side.
As for leisure benefits, Priceless Sydney and Mastercard Privileges offers access to a unique collection of entertainment experiences.
A truly rewarding business rewards card offering plenty of features, extras and business tools.
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Purchase rate 20.74% p.a.
Cash advance rate 21.74% p.a.
Interest free period on purchases up to 55 days
Minimum credit limit $500
Maximum credit limit $50,000
Annual fee $100 p.a.
Additional cardholder fee $75 p.a.
Foreign transaction fee N/A
Minimum repayment 2.5% or $75 (Business Low Rate & Interest-Free Days); 2% or $25, whichever is greater (all other cards)
Cash advance fee Consumer: $4 or 3%, whichever is greater; Commercial: 1.5%
Late payment fee $20
Rewards Program
Bonus points N/A
Annual points cap 60,000
Bonus points spend criteria N/A
CBA Awards Rewards points 1 point per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Unauthorised Transaction Insurance
Eligible with Apple Pay, Google Pay and Samsung Pay
Commbank Business Awards Credit Card lets you earn points for every dollar spent to redeem on a wide range of gift cards, merchandise, cash back, flight and much more. Earn 1 Awards point for every dollar spent on your Mastercard accepted at over 43 million location worldwide. Make business purchases and not pay anything for up to 55 days, leaving money in the bank for longer. Get access to an unsecured credit limit of up to $50,000 with the option of one additional card holder.
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Something you need to know about this card? Ask our credit card expert a question.
Hii i am holding temporary residancy at the moment just finished my study few months back. And i have just start up my own courier logistic business. Just wondering if i am eligible for this credit card. Thanks
Hi Hiren, typically you need a long stay visa 457 to be able to apply for a card like this. What I suggest, if you like CBA, is to go in branch and have a chat with someone to see what they can do.
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