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NAB Business Card
1 review

NAB Business Card

Purchase rate

15.50% p.a.

Balance transfer

N/A

Annual fee

$108 p.a.

Pros

Get up to 35 days interest free on purchases (excludes cash advances)

Set individual cardholder credit limits for employees who need to make purchases

15.50% p.a. on purchases and cash advances

Monthly card fee of $9

Cons

No extras

100% of customers who have rated this card would recommend it
  • Rates
    57%
  • Fees
    52%
  • Rewards
    N/A
  • Customer Service
    54%
  • Value
    56%
Overall user rating 44%
1 reviews
Interest Rates
Purchase rate 15.50% p.a.
Cash advance rate 15.50% p.a.
Interest free on purchases up to 35 days
Balance Transfer
Credit limits
Minimum credit limit $5,000
Maximum credit limit N/A
Fees & repayments
Annual fee $108 p.a.
Cash advance fee 2%
Foreign transaction fee 3%
Late payment fee $15
Credit card type Visa
Complimentary insurance
Flight inconvenience insurance No
Transit accident insurance No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Set individual cardholder credit limits

NAB Business Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au.

The NAB Business Card

A basic option for business owners who want to streamline their expenses, the NAB Business Card allows accountholders to monitor and control business spending, as they provide their employees with cards set with individual spending limits. Accountholders can benefit from a low monthly card fee, a reasonable purchase rate, and up to 35 days interest free on purchases.

What we love...

Keeping it simple, the NAB Business Card offers a no frills option that makes it easier for business owners to manage business spending. In terms of ongoing interest, the card has the same rate on both purchases and cash advances. This rate is lower than average, which could help accountholders who carry a balance to save on interest month to month.

However, the card does allow accountholders to keep interest costs at zero with its interest free feature. This card provides up to 35 days interest free on purchases to accountholders who pay the closing balance on their monthly statement in full by the due date each month. Note, there are no interest free days on cash advances.

One of the main attractions of the NAB Business Card is its simplicity. Accountholders can choose which employees to provide with a card, to then monitor and track spending online via NAB Internet Banking or NAB Connect. Accountholders can also set individual spending limits for each cardholder according to requirement.

And while it may not offer much in the way of fancy features, the card does protect accountholders against unauthorised transactions, with access to complimentary business liability insurance. Another nice feature on the card provides accountholders with the ability to personalise their cards with their business name.

What about cost? As you would expect from a basic business card, the NAB Business Card works to keep costs down with a low monthly card fee. So, instead of paying more for a card that perhaps offers features that accountholders don’t need, or rewards that accountholders don’t want, this card simply focuses on providing access to credit at a low cost.

What’s not so great...

Some business owners may want more from their credit card. Some cards allow business owners to earn rewards or frequent flyer points on their spending, while others provide extras that can come in handy for frequent travellers, such as airport lounge access and hotel upgrades. The key is to weigh up the value of these features, to work out whether they are worth the extra cost in typically higher annual fees.

Why should you choose this card?

If all you need is a basic business card, the NAB Business Card could be the ideal option for your business. For a low cost, you can enjoy access to credit, with full accountholder control, backed by complimentary business liability insurance.

You could also take advantage of special travel and retail privileges, created by Visa for business. This allows all Visa Commercial Card customers to access a comprehensive suite of benefits across a variety of business services, including accounting software, marketing solutions and productivity tools.

On top of that, the card offers easy application, allowing accountholders to upload their financial data from any accounting package software for a quick online decision. You can apply online if you are:

  • A sole trader, a partnership with up to two partners, a company with up to five directors, or a trustee of an eligible trust.
  • Registered for GST, have a valid ABN/ACN and turnover of at least $100,000 per year.
  • Over 18 years old and an Australian citizen or permanent resident.
  • Have 12 months of business financial data from your accounting software.

Overall Rating

Allowing business owners to manage their business expenses more effectively, the NAB Business Card offers a low cost option that can ease cash flow with up to 35 days interest free on purchases.

(showing the latest 10 Q&As)

NAB Business Card

Key features

  • Get up to 35 days interest free on purchases (excludes cash advances)
  • Set individual cardholder credit limits for employees who need to make purchases
  • 15.50% p.a. on purchases and cash advances
  • Monthly card fee of $9
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Australian citizen or a permanent resident. Have a valid ABN and your business must be registered for GST.
  • Minimum income of $100,000 p.a.
  • You have your personal details ready to complete the online application
NAB Business Card
NAB Business Card

NAB Business Card

Updated 18 June 2019

Purchase Rate (p.a)

15.50%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$108

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Get up to 35 days interest free on purchases (excludes cash advances)
  • Set individual cardholder credit limits for employees who need to make purchases
  • 15.50% p.a. on purchases and cash advances
  • Monthly card fee of $9

  • No extras

Creditcard.com.au review

Editor Review

NAB Business Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The NAB Business Card

A basic option for business owners who want to streamline their expenses, the NAB Business Card allows accountholders to monitor and control business spending, as they provide their employees with cards set with individual spending limits. Accountholders can benefit from a low monthly card fee, a reasonable purchase rate, and up to 35 days interest free on purchases.

What we love...

Keeping it simple, the NAB Business Card offers a no frills option that makes it easier for business owners to manage business spending. In terms of ongoing interest, the card has the same rate on both purchases and cash advances. This rate is lower than average, which could help accountholders who carry a balance to save on interest month to month.

However, the card does allow accountholders to keep interest costs at zero with its interest free feature. This card provides up to 35 days interest free on purchases to accountholders who pay the closing balance on their monthly statement in full by the due date each month. Note, there are no interest free days on cash advances.

One of the main attractions of the NAB Business Card is its simplicity. Accountholders can choose which employees to provide with a card, to then monitor and track spending online via NAB Internet Banking or NAB Connect. Accountholders can also set individual spending limits for each cardholder according to requirement.

And while it may not offer much in the way of fancy features, the card does protect accountholders against unauthorised transactions, with access to complimentary business liability insurance. Another nice feature on the card provides accountholders with the ability to personalise their cards with their business name.

What about cost? As you would expect from a basic business card, the NAB Business Card works to keep costs down with a low monthly card fee. So, instead of paying more for a card that perhaps offers features that accountholders don’t need, or rewards that accountholders don’t want, this card simply focuses on providing access to credit at a low cost.

What’s not so great...

Some business owners may want more from their credit card. Some cards allow business owners to earn rewards or frequent flyer points on their spending, while others provide extras that can come in handy for frequent travellers, such as airport lounge access and hotel upgrades. The key is to weigh up the value of these features, to work out whether they are worth the extra cost in typically higher annual fees.

Why should you choose this card?

If all you need is a basic business card, the NAB Business Card could be the ideal option for your business. For a low cost, you can enjoy access to credit, with full accountholder control, backed by complimentary business liability insurance.

You could also take advantage of special travel and retail privileges, created by Visa for business. This allows all Visa Commercial Card customers to access a comprehensive suite of benefits across a variety of business services, including accounting software, marketing solutions and productivity tools.

On top of that, the card offers easy application, allowing accountholders to upload their financial data from any accounting package software for a quick online decision. You can apply online if you are:

  • A sole trader, a partnership with up to two partners, a company with up to five directors, or a trustee of an eligible trust.
  • Registered for GST, have a valid ABN/ACN and turnover of at least $100,000 per year.
  • Over 18 years old and an Australian citizen or permanent resident.
  • Have 12 months of business financial data from your accounting software.

Overall Rating

Allowing business owners to manage their business expenses more effectively, the NAB Business Card offers a low cost option that can ease cash flow with up to 35 days interest free on purchases.

User reviews

NAB Business Card ( based on 1 Creditcard.com.au user review )

44% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 15.50% p.a.

Cash advance rate 15.50% p.a.

Interest free on purchases up to 35 days

Credit limits

Minimum credit limt $5,000

Maximum credit limit N/A

Fees & repayments

Annual fee $108 p.a.

Additional card holder fee N/A

Foreign transaction fee 3%

Minimum repayment

Cash advance fee 2%

Late payment fee $15

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Set individual cardholder credit limits

Overview

NAB Business Card

Key features

  • Get up to 35 days interest free on purchases (excludes cash advances)
  • Set individual cardholder credit limits for employees who need to make purchases
  • 15.50% p.a. on purchases and cash advances
  • Monthly card fee of $9

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Australian citizen or a permanent resident. Have a valid ABN and your business must be registered for GST.

  • Minimum income of $100,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

(showing the latest 10 Q&As)

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