Credit Card Compare

CommBank Business Awards Credit Card

4 reviews
Data last updated 20 July 2026
20.74%
Purchase rate
$100
Annual fee
55 days
Interest-free

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CommBank Business Awards Credit Card card
60 second approval
You may have seen us in
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CardIQ

39Basic

Basic

Overall score, out of 100 · How this works

  • 55 days interest-free53
  • Business43
  • Frequent flyer33
  • Rewards35
  • Velocity Points33

Customer reviews

4.5

Based on 4 reviews

Opinion was divided on fees and rewards.

RodrigoRecommends

Great rewards, lots of options

You have so many options to choose from, from electronics to airline points. I totally recommend it if you want a card with great rewards. I use it to exchange for Qantas points, and you can get a lot of points every time you spend.

AnonRecommends

Convenient!

5 gold stars to this amazing bank card. Rates and fees go hand in hand; rewards are awesome, it’s so grand! Commonwealth are kicking goals; helps my statements truth be told! I take it everywhere I go; Easy use on the go! 'Common’ get the card. You won’t regret it!

LaneRecommends

This card suits our lifestyle

This card suits our lifestyle. Being able to pay the balance each month and pay no interest means we have the convenience of using the card while shopping and not having to worry about cash or EFTPOS. For those sites and companies that charge a percentage fee for using a credit…

AmmeRecommends

Convenient and functional

This card has a fantastic overdraw facility which helps business flow smoothly when dealing with suppliers. Even with overseas banking. All cash flow in and out of this account make it an easy one account only required for all of my business banking needs. Would happily…

Pros & cons

What's good

  • 1.5% foreign transaction fee, below the 3% most cards charge.
  • Points transfer to Velocity Frequent Flyer.
  • Earns 1 point per $1 on ATO and government payments, the same rate as everyday spend.

Worth noting

  • The $100 annual fee is high for a Standard card, where the typical fee is about $50.
  • The 20.74% p.a. purchase rate sits above the 18.99% p.a. median if you carry a balance.
  • Earns 1 point per $1 on everyday spend, around the dataset average.
  • Points earning is capped at 60,000 points a year.

Card details

The basics

Additional cardholder fee
$75 p.a.
Card tier
Standard
Card type
Mastercard
Card use
Business
Credit limit
$500 – $50,000
Credit rating
Good
Rewards program
CommBank Awards Program

Eligibility

Instant approval
Yes (response in ~60 seconds)
Joint application
No
Minimum age
18 years old
Minimum income
Not specified
Residency
Australian citizen or permanent resident
Temporary residents
Eligible

Rates & fees

Ongoing interest rates

Cash advances
21.74% p.a.
Purchases
20.74% p.a.

Fees

Additional cardholder fee
$75
Annual fee
$100 p.a.
Cash advance fee
1.5% of the amount
Foreign transaction fee
1.5%
Late payment fee
$20

Repayments

Interest-free period
Up to 55 days on purchases
Minimum repayment
2% of the closing balance or $25, whichever is greater

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend
1 pt per $1
Bonus categories
None
Other purchases
None
Overseas spend
None
ATO/government
1 pt per $1 on ATO and government payments
Reduced rate above monthly cap
None
Points cap
Maximum 60,000 points per year
Points expiry
Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required
—
Sign-up bonus
—

Transfer partners

Velocity Frequent Flyer
5 pts → 2 pts (≈ 0.4 pts per $1)

Where this card sits vs similar cards

Compared with every other business credit card we list that has the feature. The further right the dot, the better this card does.

Interest-free days55 daysTied for best (1st of 37 cards)
Overseas fee1.50%Top 10% (2nd of 39 cards)
Annual fee$100 a yearMiddle of the market (22nd of 39 cards)
Rewards value$216 a yearNot as good as most cards (15th of 21 cards)
Purchase rate20.74%Among the weakest we track (33rd of 34 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Government
Product reference data (Consumer Data Right)
Issuer
Commonwealth Bank