Best business rewards credit cards in Australia.

If you own a business, you’ll understand the juggle that often comes between cash flow and expenses and how a business credit card can help to navigate this.

One way business owners can manage this is to use a credit card specifically intended for business. Different from a regular credit card, these cards cater to a high monthly expenditure and usually offer a variety of rewards programs.

In this guide, we’ll take a closer look at business rewards credit cards and compare the fees, charges, features and benefits of some leading options available in Australia.

💸 Looking for a stress-free international business account to pay and receive money from abroad like a local? With multiple cards, AUD and foreign currency account details?

Discover the Wise
Business account

Benefits of a business rewards credit card

Having a business rewards credit card can benefit your business by rewarding you with extras for your business spending.

Typically awarded in the form of reward points, you may then be able to redeem these towards:

• Gift cards
• Flights or frequent flyer miles
• Hotel stays
• Cash back offers
• Shopping, gifts and more

Additionally, many of these cards also come with complimentary insurance for travel and purchases, fraud protection, airport lounge access passes or similar perks.

Here are some of the top business rewards credit cards in Australia

The following is a comparison of 6 business reward credit cards available in Australia.

Note: All fees are listed in Australian Dollars and information is accurate as of 23 November 2023.

---

1. American Express Qantas Business Rewards Card

This option from Qantas and American Express, allows you to link your Qantas frequent flyer membership to your credit card and accrue Qantas Points on all eligible spending.¹

A quick glance at this business credit card

Information on the fees and charges associated with this card are outlined below.

Card	American Express Qantas Business Rewards Card¹
Fees	- Annual fee of $450 - 3% fee on foreign currency transactions²
Rewards/Points	- Earn up to 1.25 Qantas points per $1 spent on eligible business expenses - Earn up to 2 Qantas points per $1 spent on Qantas products and services - Points earned flying are tripled when eligible flights are booked using the card
Exchange rate used	Variable, based on customary industry sources³
P.A. Interest rate	Variable 22.99% (based on FPO interest rate)²
Credit limit	No pre-set spending limit

As seen on 24 November 2023

Pros and cons

Here are a few pros and cons to consider about this card.

Pros	Cons
Allows for up to 99 employee cards fee-free Travel extras such as complimentary insurance and airport lounge access	Not as widely accepted as Visa and Mastercard High annual fee High-interest rate

---

2. Westpac BusinessChoice Rewards Platinum Mastercard

Issued via Westpac, this business credit card also offers to boost Qantas frequent flyer points through your eligible business expenditure.

A quick glance at this business credit card

Information on the fees and charges associated with this card are outlined below.

Card	Westpac BusinessChoice Rewards Platinum Mastercard⁴
Fees	- $150 card fee annually per card linked to the account - $89.50 Qantas Business Rewards fee (waived for new Westpac customers) - 3% cash advance fee - 3% foreign transaction fee
Rewards/Points	- Earn 0.75 Qantas points per $1.50 spent on eligible purchases - Earn 0.5 Qantas points per $1.50 spent on government payments
Exchange rate used	Variable rate based determined by Mastercard⁵
P.A. Interest rate	- Variable 20.24% on both purchases and cash advances
Credit limit	Starts from $1000, upper limit determined on application

As seen on 24 November 2023

Pros and cons

Here are a few pros and cons to consider about this card.

Pros	Cons
- Qantas points earned can be transferred to any nominated Qantas Frequent Flyer account - Offers fraud protection - Complimentary insurance for travel and purchases	- Points earning is capped at 100,000 Qantas points per month - Annual fee applies to all linked employee cards - High-interest rate - Low points earning rate compared to some other products

---

3. Suncorp Clear Options Business Credit Card

With a low annual fee and the choice between two associated rewards programs, the Suncorp Clear Options Business Credit Card offers flexibility but also has multiple fees to consider.

A quick glance at this business credit card

Information on the fees and charges associated with this card are outlined below.

Card	Suncorp Clear Options Business Credit Card
Fees	- $45 annual fee - $45 per additional card annually - $20 per year, per card for Standard Rewards membership or; - $69 per card per year for Premium Rewards membership with Qantas - 3.4% international transaction fee - 1.5% cash advance fee - 3.5% of transaction amount or minimum charge of $3.50 for cash withdrawals in Australia
Rewards/Points	Standard Rewards - 1 Suncorp reward point per $1 spent on eligible transactions. Up to 80,000 points per year to spend in their online rewards catalogue Premium Rewards With Qantas FF - 1 Suncorp reward point per $1 spent on eligible transactions. Up to 80,000 points per year which can be redeemed as 2.5 Suncorp reward points for 1 Qantas point
Exchange rate used	Variable rate determined by Visa
P.A. Interest rate	18.45% on purchases 19.45% on cash advances
Credit limit	Minimum $2000, maximum $250,000

As seen on 24 November 2023

Pros and cons

Here are a few pros and cons to consider about this card.

Pros	Cons
Low annual fee Option to choose between two award programs Lower interest rates than some competing card products	- Each employee card issued attracts an annual fee - Withdrawal fees and limits apply within Australia and overseas - Several added fees - Points capped annually

---

4. NAB Rewards Business Signature Card

Not linked to Qantas as with most of these business reward cards, the NAB Rewards Business Signature Card offers a high points earn rate and a wide range of points redemption options.

A quick glance at this business credit card

Information on the fees and charges associated with this card are outlined below.

Card	NAB Rewards Business Signature Card⁷
Fees⁸	- $175 per year, per card - 3% or $3 cash advance fee, whichever is greater - 3% international transaction fee
Rewards/Points	- Earn 1.25 NAB reward points per $1 on eligible everyday business purchases - Earn 2.5 NAB reward points per $1 spent in major department and hardware stores -Earn 3.75 NAB reward points per $1 spent with Webjet when travelling overseas or on overseas purchases made from within Australia
Exchange rate used	NAB’s applicable exchange rate on the day the translation is initiated⁸
P.A. Interest rate	18.5% on purchases 21.74 on cash advances
Credit limit	Minimum $5000, maximum determined on application

As seen on 24 November 2023

Pros and cons

Here are a few pros and cons to consider about this card.

Pros	Cons
- Uncapped point earning potential - Flexible points redemption options - Complimentary insurance - Points may be transferred to Velocity, KrisFlyer, Cathay Pacific and Airpoints frequent flyer programs	- Points cannot be transferred to Qantas as a preferred airline - Annual fee applies per card linked to the account - Shorter interest-free period of 44 days compared with competing cards

---

5. CommBank Business Platinum Awards credit card

Similarly to the Suncorp and NAB cards, the CommBank Business Platinum Awards credit card gives you the choice between two awards programs.

Elect to earn CommBank awards points or opt-in for an additional fee, outlined below, to earn Qantas points instead.

A quick glance at this business credit card

Information on the fees and charges associated with this card are outlined below.

Card	CommBank Business Platinum Awards credit card⁹
Fees¹⁰	- $300 annual fee - $75 additional cardholder fee annually - $30 per year if opting in for their Qantas points program - 1.5% of the transaction amount or $2.50 whichever is greater on cash advances in Australia - 1.5% or $4 whichever is greater on overseas cash advances - 3% fee on international transactions
Rewards/Points	CommBank Awards Program Earn 1 point per $1 spent up to 300,000 points per year Qantas Points Program Earn 0.4 Qantas points per $1 spent up to 120,000 points per year
Exchange rate used	Variable rate determined by Mastercard¹⁰
P.A. Interest rate	20.74% on purchases 21.74% on cash advances
Credit limit	Minimum $6000, maximum determined on application

As seen on November 2023

Pros and cons

Here are a few pros and cons to consider about this card.

Pros	Cons
Choice of reward options A range of redemption choices when opting for CommBank Awards Free initial sign-up for new Qantas frequent flyers	- Points caps apply on both reward options - High annual fee plus additional cardholder fees - Added fees for Qantas rewards program

---

6. ANZ Qantas Business Rewards

Another option suited to Qantas frequent flyers, the ANZ Qantas Business Rewards card offers several tiers within their points earning system.

A quick glance at this business credit card

Information on the fees and charges associated with this card are outlined below.

Card	ANZ Qantas Business Rewards¹¹
Fees¹²	- $300 (waived in your first year) - $75 rewards fee per card per year (waived in your first year) - $1.50 or 1.5% fee whichever is greater on cash advances - 3% overseas transaction fee
Rewards/Points	- Earn 1 Qantas point per $1 spent on eligible Qantas products and services - Earn 0.75 Qantas points per $1 spent on eligible purchases up to $15,000 per statement period - Earn 0.5 Qantas points per $1 spent on eligible purchases over $15,000 per statement period
Exchange rate used	Variable rate determined by Visa¹²
P.A. Interest rate	20.24% on purchases 21.74% on cash advances
Credit limit	Minimum $5,000, maximum determined on application

As seen on 24 November 2023

Pros and cons

Here are a few pros and cons to consider about this card.

Pros	Cons
- Uncapped Qantas points earning potential - Unlimited additional cards - Potential to earn significant bonus points on sign-up - Complimentary travel insurance	- High annual fee - Added reward fees applicable annually and on each card held - High-interest rates

---

What to keep in mind when choosing a business rewards credit card

• Points earn rates will vary between card types and may include or exclude different expenses within their eligibility criteria
• Many card products tack on extra fees for employee cards which can quickly add up in annual charges
• Consider whether all fees and charges are outweighed by the rewards on offer
• Some cards may include a points expiry or use-by date, so be careful to check this or you risk losing valuable points

Wise Business Account and Debit Card

Streamlined and hassle-free, the Wise Business Account with linked debit card delivers an all-in-one solution for businesses.

At home or abroad, you can shop online or in-store via the Mastercard network and make easy ATM withdrawals using the Wise business debit card. With no monthly fees, hefty rates or hidden charges, Wise makes it easier to spend, send and receive funds.

Manage your money via your local Australian account while also benefiting from access to accounts in over 9 major currencies.

Access additional cards for your team as needed and pay a single fixed card-creation fee per card with no monthly fees applied.

Able to integrate with most major APIs, the Wise Business Account also facilitates better cash flow management and consistent, reliable reporting across all additional cards.

Find out more about how the Wise Business Account can save you time and money.

Register your Wise business
Account in minutes

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information.

---

Sources:

1. American Express – Card Overview
2. American Express – Fees & Charges
3. American Express – Exchange Ratespg. 10
4. Westpac – Card Overview
5. Westpac – Exchange Rates
6. Suncorp – Card Overview
7. NAB – Card Overview
8. NAB – Fees & Charges
9. CommBank – Card Overview
10. CommBank – Fees pg. 1
11. ANZ – Card Overview
12. ANZ – Fees & Charges pgs. 3 & 4

Sources checked on: 24 November 2023