CommBank Platinum Awards - Velocity Credit Card
The CommBank Platinum Awards - Velocity Credit Card offers a range of benefits including Velocity Points via Velocity Frequent Flyer earned on eligible purchases, complimentary travel insurance.
Updated 27 November 2023
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The CommBank Platinum Awards - Velocity credit card is CommBank's mid-tier Velocity Frequent Flyer product. Featuring a relatively low points earn rate, the card provides premium features such as insurances. This card earns CommBank Awards Points, which can be converted to a variety of rewards, including Velocity Points. Further, the product has a $249 annual fee, including up to 55 interest free days.
Considering its key features, this card is most suitable to someone who wishes to be rewarded for their spend. Other benefits include Overseas Travel and Medical Insurance which is similar to equivalent products.
This product is currently not available for sale.
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Earn Velocity Points via CommBank Awards#
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0.5points per $1 spent
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75,000 annual points cap
# This product earns CommBank Awards Points which can be converted to Velocity Points. For your convenience, all above references to points are in the Velocity Points currency.
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$249 annual account fee
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$10 additional cardholder fee
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Up to 1 additional cardholder
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3.00% international transaction fee
Other fees may apply.
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20.99% p.a. variable purchase rate
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21.99% p.a. variable cash advance rate
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Up to 55 interest free days on purchases
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Extended warranty insurance
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Interstate Flight Inconvenience
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Price Guarantee
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Purchase security insurance
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Transit Accident Insurance
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International travel insurance
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Before applying for this product, you should read the Target Market Determination (TMD) available here on the CommBank website.