Credit Card Review & Application

Commonwealth Bank Platinum Credit Card

Commonwealth Bank Platinum Credit Card

4.0

out of 5

- Spectrum promotion will award you with an Amex card when opening a CBA Platinum MasterCard!
- Interest rate 20.49% p.a. on purchases
- Balance transfer rate 5.99% p.a. for 5 months
- Exceptional Platinum Awards -- 1 Commonwealth Awards point for every dollar you spend when you shop or pay most bills
- Up to 55 days interest-free period
- Frequent Flyer transfer points
- Annual fee $280 (or $250 for qualifying customers)



Intro APR: N/A*
Intro Period: N/A
APR: 20.49% *
Annual Fee: $280.00*
Issuer: Commonwealth Bank
Card Network: MasterCard®
Card Category: Consumer (Premium)
Card Type: - Instant Decision Card
- Reward Card
Credit Needed: Good*

The CBA Platinum Card from Commonwealth Bank is more than words can describe. Continue reading and you'll find out why.

Retail purchases attract a highly competitive interest rate. Purchases do not participate in an introductory period for new cardholders. Transfer high interest balance to take advantage of a special interest rate during a 9 month introductory period available to all cardholders. BT also participate in the 5 month intro period if you're already a customer of Commonwealth Bank. As cardholder you will receive up to 55 interest free days.

Platinum Awards gives you access to exceptional rewards as you spend. You'll accumulate Commonwealth Award points on shopping and most bill payments. Points gathered will qualify you for cash back, merchandise and gift cards. Travel benefits are available for cardholders who register into the Qantas Frequent Flyer Direct and Velocity Frequent Flyer programs. Points can be transfer in both programs to enjoy the benefits each has to offer.

Everyday shoppers will love the following shopping benefits. With the Guaranteed Pricing scheme you can claim the difference if after shopping you find a lower offer at another store. Extended Warranty extends the normal manufacturer warranty by up to one year. Purchase Security Insurance covers most personal items that are lost, stolen or damaged within 90 days of purchase.

Complimentary International Travel Insurance comes at no extra cost. This insurance coverage protects you under various circumstances for up to 12 months when you travel away from home. Another travel benefit is interstate flight inconvenience insurance, commission-free travellers’ cheques, and companion Airfare deals when you purchase 2 first or business class return tickets from partner airlines. The Platinum Connection Concierge Service is a personal assistance service available 24/7. Using the team of experienced concierge staff at your disposal, you can purchase a movie ticket or book a romantic dinner from the comfort of home or office. Customer support and Internet Banking are extra features you could use from anywhere around the world.

The CBA Platinum Card charges an annual fee. You can use the card for purchase transactions and ATM withdrawals at any location worldwide displaying the MasterCard logo. To qualify you must be an Australian citizen or permanent resident, be over 18 years of age and meet CBA's credit rating requirements.

Reward Types: - Other Rewards Cards
- Universal Rewards Cards
Reward Unit: Point
Reward for $1 spent: 1.00
Rewards: - 1 Commonwealth Awards point for every $1 you spend
- 3 Awards points for every $1 spent with American Express
- Frequent Flyer transfer points
Other Benefits: - Concierge service 24/7
- International travel insurance
- Commission free travellers cheques
- Purchase security insurance
- Extended warranty
- Secure Internet Shopping (SIS)
- MasterCard Moments
- MasterCard Applause
Online Account Access: Yes
Introductory APR: N/A*
Applied Towards: Balance Transfer
Introductory Period: N/A*
APR on Purchases: 20.49% *
Annual Fee: $280.00*
Grace Period: Up to 55 days*
Min Credit Line: $8,000
Late Payment Fee: $30.00*
Over Limit Fee: $30.00
Balance Transfer: Yes
APR Cash Advances: 21.49%
Cash Advance Fee: 2.50%
 


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† Details of the Commonwealth Bank Platinum Credit Card are subject to change without prior notice. We do not guarantee the accuracy of information provided after the last update (Jul 6, 2010) hence, we strongly advise visitors to check terms and conditions prior to completing the application process.




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