5.99% for 5 months and then 21.24%
$280$250 if CBA customer when applying
The Platinum Awards Credit Card links two cards to one account, helping customers to get the most out of their rewards.
The Platinum Awards Credit Card offers customers the flexibility of two cards: Amex and MasterCard. We suggest you stick with the American Express option, however, as you'll get double the points for every dollar you spend. The points you earn do not expire, but they are capped at 150,000 a year.
You can choose to redeem your points through a range of airline programs or redeem points at
Flight Centre, instore at Myer, gift cards, cash back or many other
items from the Awards website. However, the Frequent Flyer option does incur an extra $10 rewards program fee.
The Commonwealth Bank Platinum Awards credit card has a standard purchase rate of 20.24% after the intro period ends. If you have pre-existing debt on another card, the CommBank Platinum Awards Credit Card offers a low balance transfer rate of 5.99% for five months. But if you haven't paid off the debt by the end of that period, your balance will roll over to the much less reasonable cash advance revert rate of 21.24%.
There is a hefty annual fee of $280, but if you are an existing CommBank customer, you'll only pay $250 per year. And don't forget the card comes with concierge service, complimentary international travel insurance, and, if you're a Sydneysider or visiting Sydney, the exclusive Priceless Sydney program. Suddenly, the annual fee isn't looking too bad at all!
Who it's good for:
The CommBank Platinum Awards Credit Card will work well for anyone looking to increase their points earning potential.
Avoid late repayments - they'll attract a $20 fee. Don't be tempted to overspend with the cards $6000 minimum credit limit.
|Product Type||Overall Rating||Price||Features||Service||Convenience||Trust|
|Commonwealth Bank credit card||
Based on 1187
Commonwealth Bank credit card reviews
Read Commonwealth Bank credit card reviews by the Mozo community
Great Service, Poor Rates
Pros: Easy to use, great customer service Cons: Rates are far too expensive Full review
Pros: Easy to use, great customer service Cons: Rates are far too expensive
Awesome Awards program!
Apart from the competitive interest rate, I looooooooove the Awards Program. Heaps of cool stuff to choose from, but converting my points to dollars at the Myer check out is what I love the most. Full review
Apart from the competitive interest rate, I looooooooove the Awards Program. Heaps of cool stuff to choose from, but converting my points to dollars at the Myer check out is what I love the most.
Good local branch support, good awards package and good looking card! Full review
Good local branch support, good awards package and good looking card!
Ease of use. Love the app. Full review
Ease of use. Love the app.
Have used this bank over 40 years and they always come through for me. You just have to learn how to play their game to keep your charges at a minimum. Full review
Have used this bank over 40 years and they always come through for me. You just have to learn how to play their game to keep your charges at a minimum.
The Commonwealth Bank might be one of Australia's oldest and largest banks, but lately it's determined to do things differently. The Commonwealth Bank reckons it's focusing more on customer service and earning your business rather than counting on it. If you like the sound of that, then check out the Commonwealth Bank's wide range of personal banking products, including term deposits, savings accounts, credit cards, home loans and personal loans.
Compare other credit cards
Popular credit cards
No Annual Fee Card
Platinum Credit Card
McGrath Pink Visa
Low Rate (special offer)
Low Rate Card
Bank of Queensland
Low Rate Platinum