Ask Pauline a Question

Hi, I’m a personal finance expert who loves to help you out! I’ll answer your question within a business day. Pinky swear.

We ask for your email so we can respond to you directly. We won’t share your personal data. For more information, see our privacy policy.

N/A

NAB Credit Cards

NAB Business Card

Updated 5 February 2024

A basic option for business owners who want to streamline their expenses, the NAB Business Card allows cardholders to monitor and control business spending, as they provide their employees with cards set with individual spending limits. You'll pay a low low monthly card fee of $9, a reasonable purchase rate, and up to 35 days interest-free on purchases.

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 which totals to $108 annually
  • Complimentary Unauthorised Transaction Insurance

  • No extras

Creditcard.com.au review

Editor Review

NAB Business Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. 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.

The NAB Business card is simple but efficient. You can provide employees with a card and control their spending by setting individual credit limits. You can also blocking certain transactions and temporarily switch cards off. Each month you'll be able to access a statement for each cardholder, so you can track their transactions and use the statements at tax time.

NAB Business credit cards also sync with Xero, MYOB and Quickbooks, so you can upload your statements quickly and easily. This card comes with unauthorised transaction insurance.

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 through Visa Commercial Offers. 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 and turnover of at least $75,000 per year.
  • Over 18 years old and an Australian citizen or permanent resident.
  • Have all ATO payments and loan repayments up to date.

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 2 Creditcard.com.au user reviews )

34% rating based on 2 reviews

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 period on purchases up to 35 days

Credit limits

Minimum credit limit $5,000

Maximum credit limit N/A

Fees & repayments

Annual fee $108* p.a.

Additional cardholder fee $108

Foreign transaction fee 3%

Minimum repayment 2% or $25 whichever is greater

Cash advance fee 3% or $3 whichever is greater

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 which totals to $108 annually

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 $75,000 p.a.

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

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

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

2 questions (showing the latest 10 Q&As)

Dilyara Mulraney

Dilyara Mulraney

1 May 2023
why you do not have NAB business signature credit card on this comparison list?
Abulkosim

Abulkosim

3 July 2022
hello can i have nab card i am 13 years old
    Pauline - CreditCard.com.au

    Pauline

    4 July 2022
    Hi there Abulkosim, in Australia, the minimum age for a credit card is 18. You might want to consider comparing a range of debit cards as an alternative.
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.