Business Credit Cards

Updated 19 October 2021

Great for rewarding your expenses and offering tons of other work-related perks and tools, a business credit card can help you manage your day-to-day cashflow and keep finances separate.

Compare business credit cards here with our one-click comparison guide. There are cards to suit small businesses and sole traders through to larger companies, and features ranging from basic to complex. >> How to use our one-click comparison tool: Use the toggles to sort the credit cards according to importance for you, and click the card for a detailed review. You can see how strong each feature is by looking at how filled-in each circle is (or bar, if you’re on a mobile device). Here’s what to look for when you’re comparing business credit cards:
  • Check essential features like the annual fee, rewards points you’ll earn per dollar and any bonus sign-up offers
  • Compare the purchase rate (the interest charged on purchases), any interest free days, caps on rewards points and other features
  • Look for factors that suit your business, like limits or costs on additional cardholders, and if you can put caps on employee spending
You can calculate an estimate of points you could potentially earn by using the slider to input your monthly spend.
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Earn points on your business expenses

Business credit cards are the bees knees for business, from small operations to mega corporations. They help handle cashflow and spending, earn nice rewards that save you money, and come with handy features and tools to help your business run smoothly. The question is, which is the best business credit card for your enterprise? Compare here and click the card for a detailed review.

How do business credit cards work?

A business credit card is different to a personal credit card (the one you’d use to buy the family TV) because it’s tied to your business or company rather than your own finances.

They have business-style perks and keep your finances separate, but they actually offer tons more value for business owners, like:

  • Earning rewards points on purchases and paying bills
  • Managing cashflow during seasonal ups and downs
  • Employees can have their own card, keeping transactions in one place
  • Keeping your finances separate, and tax time easier

No matter how old or new, or how big or small your company is (it could be just you on the payroll), a business credit card can help squeeze more mileage out of your expenses, and streamline your business.

Some business credit cards are a charge card, which differs from a regular credit card that has spending limits and charges interest.

A credit card allows you to carry a balance over from month to month, where a charge card requires you to pay it off in full each statement period.

The benefits of a charge card are uncapped spending, and no interest to pay because you’re paying the balance to zero each month. Charge cards are less common these days, but do boast some good features and bonuses if that’s what you’re looking for.

Check the review for details on each card and whether it’s a charge card, or regular credit card.

Business Credit Card or Corporate Credit Card?

Before we delve any deeper into the world of business credit cards, let’s take time out to discuss the difference between a business credit card and a corporate credit card.

Business credit cards are typically designed to be used by small to medium sized business, generally with up to 100 employees. The tools on offer are skewed towards the needs of these smaller businesses, with rewards earned in categories that smaller business owners are more likely to purchase in.

Meanwhile, corporate credit cards are designed to be used by larger companies and corporations with a much higher annual revenue, often with hundreds, or even thousands, of employees. These cards offer integration into corporate accounting software, and often come with a designated customer service representative and other perks more suited to corporate use.

Business Credit Card Eligibility

Okay, so a corporate credit card may not be for you – but is a business credit card? Let’s look at eligibility requirements first. Just like personal credit cards, business credit cards come with certain eligibility requirements, as set out by the card provider.

For the most part, you will need an ABN to apply. That means, depending on the card, you may be eligible to apply even if you’re a sole trader, a freelancer, an owner of a micro business, or you just do some work on the side of your main form of employment.

In terms of income requirements, most cards require you to be able to prove some sort of income from your business for you to qualify. In other words, the provider needs to know you will be able to pay back what you spend on the card. Other cards come with much higher income requirements. American Express, for example, requires an annual business revenue of $75,000 or more to be eligible for its business cards.

To give you an idea of what other factors providers may look at when you apply for a business card, here are the eligibility requirements of American Express beyond that income criteria. Applicants must:

  • Be over 18 years of age,
  • Be an Australian citizen or a permanent resident,
  • Have a good credit history and no payment defaults,
  • Have a valid ABN registered for GST.

Meanwhile, NAB has the following requirements regarding eligibility for its business cards. Applicants must:

  • Be a sole trader, a business partnership with no more than two individual partners, a company with five or less directors, or a trustee of an eligible trust. Joint borrowers who are not partnerships, or partnerships where one or more partner is a company are not eligible to apply.
  • Be at least 18 years old and hold an Australian citizenship or permanent residency.
  • Be registered for GST, and have a turnover of at least $75,000 per year.
  • Have been in operation for at least 12 months, and have a valid ABN.
  • Have a business and residential address in Australia.
  • Intend to use the card where the purpose is wholly or predominately for business purposes.
  • Have all ATO payments and loan repayments up to date.

What are the top benefits of a business credit card?

Business credit cards are a handy tool for simplifying and streamlining your expenses. Here’s some of the benefits:

  • Control your cashflow year-round. Business credit cards help you manage cashflow, by paying for larger purchases or bills over time, which is especially helpful if your business has seasonal ups and downs. Or, you can take advantage of interest free days and pay the balance off each month to keep on top of your expenses and pocket the rewards you’ve earned.
  • Separate business and personal finances. Using a business credit card for your work-related transactions makes life much easier at tax time and side-steps money confusion.
  • Give your employees their own card. Your employees can be issued with cards (with caps to control their spending) to pay for fuel and expenses. That means no more loose petty cash or those vintage slips of paper we called ‘cheques’. All your outgoing transactions are logged in one account.
  • Business tools and features. Depending on the card, you could be offered a number of handy business tools, like easy exporting of data to accounting software like MYOP and Xero, and business budgeting apps. Your card might include complimentary travel insurance, concierge services, airport lounge access and flight upgrades for frequent business travellers. There are also discounts and deals with partnering businesses attached to some cards.
  • Earn rewards on business spending. You could earn rewards points on your business expenses paid for on your card, that can turn into free flights and accommodation, merchandise and services. Check the rewards earn rate on the comparison tool to find out how many points per dollar are on offer. Read the full review and the card’s PDS, because some conditions do apply to earning rewards, like annual or monthly caps.
  • Get a big rewards hit with introductory offers. Many lenders offer bonus rewards points when you sign up, which can go a long way towards flights, merchandise and gift cards – all of which boost your business’s cashflow. You’ll usually need to hit a minimum spend within 90 days or so to unlock the bonus rewards points.

 

How do you choose the best business credit card for your business?

Before you compare cards, first think about what your business needs and what kind of spending and repayment patterns you have.

Here’s some questions you can ask yourself, and we’ll unpack each one next.

  • What are my average expenses each month, and what credit limit would I need to suit?
  • Am I planning to have a balance on the card month-to-month, or pay it off regularly?
  • Do I want a low fee credit card to keep interest costs down?
  • Will it be helpful to earn rewards points on my expenses?
  • Would it be helpful to have free insurances included?
  • How many of my employees would need a credit card?

Use your answers as a benchmark for your priorities. Let’s look at the different business credit card factors in more detail:

  • How many cardholders does it allow?
  • Some business cards limit the number of cards that can be attached to one account.

  • Are there costs per cardholder?
  • Some lenders hand out additional cards for free, and some charge an annual fee per card. This may be on top of the annual fee of the business credit card, so make sure you check both the cardholder fees and annual fee to get a full picture of the ongoing costs.

  • What are the card’s features?
  • Business credit cards can be basic (generally with a lower annual fee) or bursting with features. Think about what you and your employees need from the card, and weigh up if the value of the features is greater than the ongoing fees.

    Features to look for are:

    • Rewards: if you want to earn rewards on your business spending, choose a business credit card that offers the most value back on the spending you do most often. Think about the type of rewards you want to earn, whether that’s flights with a certain operator, or products and gift cards that the company can use.
    • Freebies and discounts: some card providers include complimentary travel insurance, baggage protection, car rental insurance and more with a business credit card. There are also some other deal-sweeteners like discounts with tech companies and cashback offers on your card.
    • Functionality: Whether you want to export your card data to a particular accounting software brand, or track and limit individual cardholder spending in real time, check out the functionality on offer and match that to your business needs.

     

    What fees and interest will you pay?

    As well as any cardholder fees and annual fees, you’ll need to check other common credit card charges that might apply. For example, if you make a lot of overseas transactions, you might want to look for a card that charges low or no foreign transaction fees.

    Most importantly, think about the purchase rate on the card. That’s the interest charged on any unpaid balance.

    If you think you’ll carry a balance month-to-moth, you may prefer a low rate card to help you save on interest. Or, if you’re planning to clear the balance each month, look for cards that offer interest free days on purchases.

    Remember, a charge card requires that you pay the balance in full each month.

    How can you make the most of your business credit card? (and what should you avoid)

    First, choose a card that benefits you most and is ‘fit for purpose’. Where will the card be used and will it be accepted in those places? If you choose a card that offers great rewards points, find one that gives you the most bang for every buck you spend.

    Next, keep track of spending, especially if your employees have cards. You can put a limit on the amount they can use, but it’s still a good idea to keep an eye on the transactions to stay on budget.

    If it’s available, use features like exporting directly to finance managing software to run a tight ship on spending.

    What To Look For In A Business Credit Card

    It’s safe to say that while the American Express Platinum Business Card certainly has its appeal, it’s not going to suit every business owner. The key to choosing a business credit card – just as it is for choosing a personal credit card – is to find the card that matches your needs, your spending and repayment habits, and your budget.

    Here are some questions to ask as you compare business cards.

Most business cards are credit cards, however, there are some that function as charge cards, most notably within the American Express range. While they look the same, and in many ways act the same, charge cards are slightly different in that they don’t allow you to carry a balance (the balance must be paid off in full at the end of each month). Charge cards may also have no set spending limit.

Sole traders and the self employed, and small business owners through to large companies can use a business credit card if they meet eligibility criteria and it suits their business.

They can be a great option if you want to empower your employees, track your costs, and earn rewards points on your business expenses. The variety of purchase rates (the interest charged on transactions), interest free days, annual fees, rewards and other bonuses on offer from different lenders means you can usually find one that suits how your business runs.

However, you may not need one if your business is very small or just starting out, and it’s easy for you to keep your business-related finances separate.

If you decide to get one, you’ll need to compare the range of business credit cards to find one that suits your cashflow.

For instance, if you don’t have many expenses to pay just yet, you might look for a low interest, low fee card rather than one that earns big rewards points for money spent and has a higher annual fee as a result.

Or, if you have the kind of business that involves buying expensive supplies, like a building company, you might want to look at the rewards earn rate (the points you earn per dollar spent that can be used to get free products or services, or used as frequent flyer points).

It’s worth noting that annual fees on a business credit card can usually be claimed as a tax deduction, but check with your accountant to make sure.

Having your application accepted, and the limit to what you can spend on the card (the credit limit), will come down to your business’s profit and loss, and the lenders application criteria.

Each card listed here in our comparison guide comes with a full review and listing of its features to help you find the best business credit card for what you need. Make sure you read the fine print before applying so you understand what you’re getting.

Useability is an important aspect of a business credit card. It is essentially a business tool, which means it needs to be fit for purpose. In terms of using the card day to day, you would need to consider whether the card can be used to cover the costs of the business.

As an example, you may want to think about the card’s credit limits and the number of additional cardholders on offer. If you opt for an American Express card, you’d want to consider Amex acceptance, as well as the cost of that acceptance, where surcharges for accepting Amex may be higher than that of Visa or Mastercard.

Think about what you want out of your credit card. If you need employees to be equipped with a card, look at how many cardholders are included and any costs attached.

If you’re looking to control cashflow, consider a low rate, low fee card with interest-free days.

If rewards are your goal, and you have high expenses that will earn decent points that can turn into flights, travel, gift cards and products, sort the cards by rewards points.

Remember, annual fees are usually higher for rewards cards, but those fees are often tax-deductible too (always check with your accountant). Charge cards often have high annual fees.

Click the toggles on our comparison tool above to sort the cards by name, rewards, introductory offers, and annual fees. Click each card to see a full review and rundown of its features.

When you’ve found the card you want, click ‘Go to offer’ to be directed to the provider’s application page. The application process typically takes around ten minutes, and you’ll need to provide proof of your identification, income and other details to complete the application.

You’ll most likely need an ABN to be approved for a business credit card, and some providers might want you to be registered for GST, too.

If you’re a sole trader, self employed or have a fledgling business, you might find a personal credit card is enough until your business grows. The volume of your transactions, revenue and expenses can help you decide whether you can separate them easily from your personal finances, or whether a business credit card will make life easier.

You’ll need to have an ABN (Australian Business Number) to apply for a business credit card as a self employed person or sole trader, as well as other supporting documents like bank statements to apply.

Unlike personal credit cards, which place sole liability on the primary cardholder, business cards may offer a choice of liability structures. Joint and several liability can allow business owners to share liability, while with business liability, the business is held liable.

Most business credit cards offer itemised statements for each additional cardholder, making it easy to track and monitor cardholder spending. However, you may look for additional tools, such as the ability to switch card features on and off for each cardholder, allowing or not allowing the ability to use the card online, to withdraw cash, to spend overseas and more.

Bonus points can create serious value within a card, but there are some important factors to keep in mind before you let those bonus zeros carry you away. Read the small print to find out how much you will need to spend to get your hands on the bonus points offer, and make sure you can afford to pay back that spend before it starts accruing interest.

You may also find that you need to be new to the card provider – as in, not a current or previous cardholder – to be eligible for the points bonus.

Other intro offers worth watching out for include reduced annual fees, purchase offers and, occasionally, balance transfer offers.

It’s easy to get swept up in the promise of extras, but not every business needs them. As such, it’s not worth paying for them. Extras should create value, making the card more useful to your business. However, extras – and rewards – come at a cost, so you need to make sure the extras on offer provide more value in dollar terms than you pay out in annual fees.

Here’s a snapshot of some offers by different business credit card providers. You’ll need to check our review of the card and the card’s PDS and TMD before you apply to make sure you understand what your credit card offers, as each one is different.

  • Bonus introductory Rewards Points on approval of application
  • Accounts Manager to help you get the most from your card
  • Travel and baggage insurance
  • Free airport lounge access
  • Memberships with hotel and dining partners
  • Complimentary subscriptions to affiliate apps
  • Extra points earned by spending at partnering business
  • 24/7 concierge service

These features are a general guide and are not available on every card. Make sure you read the fine print before applying.

You may find business cards tend to come with higher annual fees than their personal card counterparts. As we mentioned, it’s important to make sure that what you get out is more than you put in in terms of value. However, you may also find that the costs associated with keeping a business credit card can be tax deductible.

And interest? Business credit cards charge interest on balances carried over. While there are low rate options on the market, it’s best to avoid paying interest whenever possible by clearing your balance at the end of the month. It’s worth noting that not all business cards offer interest free periods on purchases, so this is something to look out for as you compare options.

Businesses can usually claim the annual fee on a credit card, but always check with your tax accountant first to make sure. There are other benefits to a business credit card at tax time, too.

Again, this is about making sure the card is fit for purpose. If you use a certain accounting software, for example, you’ll want to choose a business card that allows you to automatically export data to that software, while perhaps providing extras such as spend categorisation.

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39 questions (showing the latest 10 Q&As)

xavier hoy

xavier hoy

29 September 2021
hi there. i have been running a small carpentry business for the last few years and using a bunnings card for the materials. the last 6-8 months the business turnover and expenses have increased. i am wanting to find a business credit card to make the material costs work for me better than the bunnings discount card. usually spend between 4-15k a month roughly on any number of projects underway at any given time. looking for something with a low annual fee and relevant rewards. appreciate your help
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 October 2021
    Hi Xavier, great news! There are a few cards out there that stack up to your requirements. For example, the American Express Qantas Business Rewards Card currently has no annual fee for the first year and a hefty bonus points offer. You can use our comparison tool to see the list of cards with no annual fee and those that have a rewards program. Once you’ve shortlisted your cards you can click the "save card" feature to see them compared side by side! Let us know how you go!
John

John

24 September 2021
Hi, been running a small business for 40 years, and want a business credit card with good qantas points, we need 3 cards so fees need to be considered. Monthly spend about $20K, balance paid in full usually. Regards john
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 September 2021
    Hi there John, without recommending one card over another, one of the stronger cards right now is the American Express Qantas Business Rewards Card. You can get up to 99 Employee Cards with no extra cost. You can check out our handy comparison tool above to see a range of Business credit cards for your options. Let us know how you get on!
Anonymous

Anonymous

29 June 2021
Hi, I am looking for a credit card with a low interest rate, potentially even a significant amount of time with not interest repayments to use as a business line of credit when needed. Any recommendations?
Jader Alves

Jader Alves

20 March 2021
Hi Roland, I am looking to apply for a credit card for my business. I want to use it for purchasing equipment, materials etc whilst attaining frequent flyer points (to increase my cashflow) What is the best low interest card that would be suitable do you think? Thank you, Jader
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 March 2021
    Hi Jader, many of the business frequent flyer cards are charge cards, meaning you have to pay the balance off every month in full. Choosing a card also depends on what kind of frequent flyer points you're after (Qantas, Velocity, or their partners). As examples, the NAB Qantas Business Signature offers Qantas Points and charges an 18.50% p.a. interest rate, the St.George Amplify Business (points can be transferred to Velocity) charges a 19.94% p.a. interest rate. That said, if your primary goal is increasing cash flow and you'll carry a balance from month to month, it may be wise to not focus on earning rewards points right now and going with something like the Bankwest Low Rate Business or Bank of Melbourne BusinessVantage Card instead. I hope that helps.
Pam

Pam

10 March 2021
Hi Roland, I am thinking of applying for a credit card mainly for the purpose of business expenses. I am a sole trader for almost a year now although I am not registered for GST as I do not turnover $75K annually just yet. I will be using a credit card for business miscellaneous purchases as well as training/courses, audits, insurances and etc. I prefer a card with no annual fee or minimum annual fee with 0 interest fee on purchases for at least 1month or more. What can you suggest that would be best suited for me? Thank you for your time. Regards, Pam
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 March 2021
    Hi Pam, business cards typically require that you are registered for GST. Even though you're going to be using the card primarily for business expenses you don't necessarily need to apply for a business card. You can put all of those expenses on a personal card - this gives you more options when it comes to low annual fees and 0% purchase interest rates. Right now the Coles No Annual Fee Mastercard offers $0 fee and 0% on purchases for the first 12 months. The Citi Simplicity Card also offers $0 annual fee and 6 months interest-free on purchases. The Virgin Money No Annual Fee Card offers $0 annual fee and a 0% purchase rate for 12 months. I hope that helps.
Kristy

Kristy

11 February 2021
Hi Roland, I have been asked to investigate options on a business credit card for work and trying to figure out where to start and what the best options are... The brief - the best value business card that will deliver good frequent flyer rewards... Our average monthly spend would be between 80-100k... What would you suggest the best options are. From reading the comments Amex wins but has some limitations where used? Would be looking for something universal and accepted everywhere. Any suggestions and pointers on where to look would be appreciated.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 February 2021
    Hi Kristy, Amex is certainly a top contender when it comes to business frequent flyer points at that level of spend. They tend to offer higher (or no pre-set) spending limits, good rewards earn rates and reputable customer service. Five or ten years ago I would have said that acceptance was an issue, but today, most merchants accept American Express. Have a look at where the majority of the spend on the card goes, and find out if American Express will be accepted - you can see a list of some of their partners on the website. If Amex is not your preferred option, the NAB Qantas Business Signature and Westpac BusinessChoice Rewards Platinum could also be worth considering. The CommBank Business Awards Platinum card earns bank rewards points but can be transferred to Qantas and Velocity as well, however, at a relatively low rate. I hope that helps!
Robert Kemperman

Robert Kemperman

18 January 2021
Hi Roland. I would like to run all my business transactions through a credit card but I am unsure which one to use. I would like to get something back from the transactions, probably Qantas points so I can put that towards a family holiday at the end of the year. Normally spend 5-10 a month on business exapenses. Thanks in advance
michael

michael

28 September 2020
do you know of any banks that offer credit cards to f new small business that does not require 12 months of active ABN?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 September 2020
    Hi Michael, no, I believe all require at least 12 months of operations. You can just go for a personal rewards credit card to start. Then move over to a business card once you are eligible.
Tanya Roberts

Tanya Roberts

14 June 2020
Hi, we're a start up and will be doing some large international transactions. Are there any zero international fee Business Cards? If not, can we use a personal card to avoid the 3% charges? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 June 2020
    Hi Tanya, its hard to find any business cards with no foreign fees these days. I just had a hunt and could not find one. Yes you can use a personal card to avoid the foreign fees. I like the Commbank Ultimate Awards due to points earning with no foreign fees and other features.
Rob

Rob

5 June 2020
Our business monthly spend (including ATO/utilities payments) would vary around the 50K-200K a month. We are interested in Qantas points but are open to other suggestions. Balances would be paid in full, 3 cardholders but all owners, basically no foreign purchases. We were looking at the Westpac Business Choice Rewards because of the uncapped points even though the point rate is quite low. What would you recommend? Also some accounts (eg when paying for travel) charge a fee when paying via credit card, does this offset the benefit of Qantas points?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 June 2020
    Hi Rob, if there are any surcharges for credit card use. Then this can negate any benefit of points. Bottom line, if the charge is more than the points value you are going backwards. So you need to ensure that any time you are using the card that it has a net benefit with the points. On which card, I would suggest 2. Firstly, looking at the Westpac BusinessChoice Rewards Platinum. The uncapped points is a high light. The points earning is not great but not horrible. The annual fee is $150 for each credit card. So this would be a $450 total for the 3. Then, depending on your what you could use an AMEX for. I would also look at the American Express Qantas Business Rewards Card. Nice features and bonus points plus best in class earn rate of 1.25 Qantas Points per spend. This combination together would work well. Use the AMEX where you can and not get hit for extra fees. That way you will maximise points earnings.
Dan

Dan

22 May 2020
By business is finalising a contract with a new client. We will be providing the client a post paid SaaS offering. Our expenses will likely exceed $100k per month (for a range of technology subscriptions we will need to contract). Looking for the best credit card options that allow longest payment period (without incurring interest) and maximum rewards scheme (particularly where we can use these points to pay off some of the credit card). Essentially we would like to try and maximise our service margin. What options and recommendations do you have?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 May 2020
    Hi Dan, that is a decent monthly spend. AMEX will deliver the best value in regards to rewards points. I would look at the AMEX Platinum Business. Its a charge card so no interest but account has to be settled each billing cycle. The AMEX Qantas Business Rewards could be of interest if Qantas points are a key driver. Outside of AMEX then the points drop down and hard to get a card that can do 100k a month uncapped. Have a look at this NAB card - https://www.creditcard.com.au/nab-rewards-business-signature-card/. Reward point worth are definitely lower but is uncapped and that is a good thing.
John

John

9 March 2020
We are just launching a wholesale business and are wanting to have our retail customers pay us by credit card instead of offering a 30 day account. What are the best options for this?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 March 2020
    Hi John, we are a credit card comparison site. What you are looking for is a merchant facility whereby you can process credit cards. I would speak to your everyday business bank where you have an account to start. See what they can offer with what rates. Then shop around to a few other banks to compare.
Dean

Dean

25 September 2019
Hi There I am running a business since few years. Current Spending or buying each month is between 75k-85k. Looking forward to have some rewards for international travel upgrades, travel insurance, excess to business lounges, holiday packages etc... Basically I love travelling. Wondering if you can suggest me a best suitable cc for my business. Paying with in billing period or on time is not a problem. Amex has limitations to do purchases. Any suggestions?? Regards
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 September 2019
    Hi Dean, I love traveling also! Business rewards tend to be lower due to the high spend on the cards. Outside of AMEX which deliver the highest reward points for business. I like the NAB Qantas Business Signature. With a reasonable 0.75 Qantas points per $ spent. You will be swimming in the points at your sort of spend level. Its capped at $50,000 per statement period/month. So it would only suit up to that amount. I myself have an AMEX as well and use this to maximize points when I can. Actually more than 50% of my spend is on AMEX. This is where the American Express Qantas Business comes in. Its a charge card so you need to pay it off in full (but pay no interest). It has the highest earn rate available at 1.25 Qantas points per $1. Both cards have massive bonus points available. What I find is no one card suits all my needs. I have a number of cards with various earn rates and features. To deliver a complete package that has me flying more.
Cristian

Cristian

26 May 2019
Hi. I am looking for a comparison of 0% balance transfer business cards. Can you help? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 May 2019
    Hi Cristian, unfortunately I do not know of any 0% balance transfer offers for business credit cards. I am not sure you can find one in the market. If you do have high business credit card debt. Then it may be worth moving it to a lower rate business loan if available. In the end, its about trying to reduce the interest you are paying if you cannot pay the debt fully down.
Claire

Claire

25 February 2019
Hi Roland, I have had a small business for 15 years. I have always used a personal credit card for the purchases that require one. There are, however an increasing number of purchases that would be more convenient to make with a credit card, so I have begun exploring business cards. My monthly expenditure would be $2000 to $3000 on average, and I am not overly concerned with interest rate as I intend to pay the full balance monthly. I am interested in a card that has as many benefits as possible, as I figure I might as well make the most of the process. Should I be looking for bonuses like travel insurance and payment protections? Are these worth it? Or am I better off looking for points based rewards programs? Do you have any recommendations?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 February 2019
    Hi Claire, the right features for you will depend on your usage. I like sign up bonus points as they really give you something to get your points flowing. Overseas travel insurance is a good feature when used. Many cards have this so it depends on whether this feature is make or break. AMEX delivers the highest points earning. So if you can use AMEX cards for your monthly spend then they could be a good option. I like earning Qantas points myself to redeem for flights or upgrades. Therefore I would select a card that delivers Qantas points. On AMEX, have a look at the Qantas Business Rewards Card. Its a charge card, rather than a credit card. You need to settle the amount each billing cycle but that is no problem as you pay the balance in full. A great range of features, nice bonus points and best in market earn rate per $1 spent. Outside have a look at NAB with the Qantas Business Signature. Reach out if neither of these cards suits or especially if you are not interested in earning Qantas points.
Peter

Peter

20 February 2019
I am running a business that has been in operation for a little over 20 years without any financial problems. Turnover is $500,000-$700,000 depending on which contracts are being fulfilled each year. I am now launching a new product that will require about $100,000 of expenditure over 3-6 months during the launch. Income to cover interest on payments to a a business credit card will start to come in after 2 months. Annual turnover on a credit card will be $300,000+. Previously I have used a Diners Card, but that requires full repayment every month, which I expect will not be possible over the next year, although expenditure will be kept in check to remain within the limits of the card. I would rather have a $100,000 loan, but they are very hard to come by without surety backing, such as my residence. I would be keen to hear your advice on a strategy for an appropriate Credit Card.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 February 2019
    Hi Peter, I am not sure what type of rewards you are interested in. Also if you can pay with an AMEX card no problem. Have a look at the NAB Qantas Business Signature. It has a maximum credit limit of $55,000. On the AMEX side the Business Explorer could work. Both of these are credit rather than charge cards. Would be great if you can pay off the balance in full each period to avoid interest but understand it will be tight for a while. Reach out with any further questions.
G

G

2 February 2019
Hi I’m a sole trader, have an ABN since few months but only starting business up now so income will start flowing in now. Want a CC to allow for fuel and other minor expenses esp to keep personal expenses separate from business. Looking for something with low or no annual fee and reward points for $spent. Plz help with some choices.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 February 2019
    Hi G, I just don't think it will be possible to get approved for a business credit card with a new business like yours. The banks will want you trading for at least 12 months before considering your credit card application. It could be possible to apply for a personal credit card depending on your situation. Though you would then be personally liable for any debt.
Troy

Troy

30 October 2018
Hi, Im looking at getting a new credit card to use for business purchases. Do I have to get a business card or can it be any credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 October 2018
    Hi Troy, many people spend on a personal card. The difference is that then you are personally liable for any debt rather than the business being liable on a business credit card. Some personal credit card rewards programs state they will not give points for business expenses. Though in practice many people are using personal cards and getting points on this type of spend. Bottom line you don't have to get a business card though if its exclusive business use then maybe its not a bad idea.
EVA

EVA

17 October 2018
hi, whats the best business credit card available for monthly purchases around 25-30k p/m Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 October 2018
    Hi Eva, really it comes down to if or how much you can spend on an AMEX and what type of rewards you are after. On a non-AMEX side and earning Qantas points then I like the NAB Qantas Business Signature Credit Card. You can get 100k bonus Qantas points and decent Qantas points earning on your spend. It has a points cap at 50k a billing cycle which should be enough based on your spend. At 30k spend a month you would earn 20k Qantas points. Add in the 100k bonus points and you will be swimming in points pretty quickly. For an AMEX, again with Qantas points as the target. I like the American Express Qantas Business Rewards Card. Its a charge card rather than credit so you need to pay off in full each billing period. It has a great range of features and much better points earning. For a 30k spend you will earn 37,500 points. Nearly double that of the NAB credit card. I personally use a combination of a Visa/Mastercard and a seperate AMEX card to maximise points. I spend on the AMEX mainly and everywhere I can. Let me know neither of these cards work or if you don't want Qantas points but something else.
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