5.99% for 5 months and then 21.24%
$280 $250 if CBA customer when applying, $0 in the first 1 year
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.
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|Commonwealth Bank credit card||
Based on 1187
Commonwealth Bank credit card reviews
Read Commonwealth Bank credit card reviews by the Mozo community
Great customer service
Great online service. Full review
Great online service.
Good customer service
The staff are helpful, I have been treated well for the 60 years I have been with them. Full review
The staff are helpful, I have been treated well for the 60 years I have been with them.
Exceptional customer service
I have been with CBA since my first Dollarmite account. After all these years, I have not found any reason to change banks. The standout feature for me is their customer service. It is personal, client focused and never pushy. I also like the easy... Full review
I have been with CBA since my first Dollarmite account. After all these years, I have not found any reason to change banks. The standout feature for me is their customer service. It is personal, client focused and never pushy. I also like the easy to use app, it's very intuitive even for a technophobe like me!
Competent customer service
But sometimes too nosy, high fees and long queues. Full review
But sometimes too nosy, high fees and long queues.
Never had a problem with this bank in 40 years. Full review
Never had a problem with this bank in 40 years.
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.
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