Qantas business credit cards. The limits, fees and need-to-knows

If you’re an avid traveller, whether for business or pleasure, you’ll know how beneficial it can be to accrue frequent flyer miles. Far from being limited to only accruing miles when actually flying, there are several reward programs that can help add to this balance.

Partnering with multiple banks and financial institutions Qantas is one airline that allows you to boost your points through eligible business expenses.

In this guide, we’ll look at three available credit card options that link to your Qantas frequent flyer account, covering fees, watchpoints, credit limits, eligibility and more.

Let’s dive right in.

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What business credit cards are on offer with Qantas?

There are a huge number of Qantas credit cards available to choose from. These include¹:

• Westpac BusinessChoice Rewards Platinum Mastercard
• Bendigo Bank Qantas Business Credit Card
• CommBank Business Platinum Awards Credit Card
• CommBank Business Awards Credit Card
• ANZ Qantas Business Rewards Card
• American Express Qantas Business Rewards Card
• NAB Qantas Business Signature Card

The latter three of these are what we will be focusing on and comparing in this article.

Do you need a Qantas Business credit card? Who is it for?

Qantas Business credit cards are primarily for small to medium business owners who want to be rewarded for their spending in Qantas frequent flyer miles.

What are the main features and benefits of these credit cards

The following is a comparison of the main features of benefits for three available Qantas business credit cards with ANZ, American Express and NAB.²

Please note all references to points exclusively refer to Qantas Frequent Flyer Points.

All prices quoted in AUD	ANZ Qantas Business Rewards card	American Express Qantas Business Rewards Card	NAB Qantas Business Signature Card
Bonus points – T&Cs apply	10,000	10,000	10,000
Earn rate	Up to 0.75 points per $1.00 spent	Up to 1.25 points per $1.00 spent	Up to 0.66 points per $1.00 spent
Points capping	Uncapped points earning potential	Uncapped points earning potential	Capped at $50,000 per card, per statement period
Interest-free period	Up to 55 days on purchases	Up to 51 cash flow days	Up to 44 days interest-free
Additional benefits	- Qantas Business Rewards Level 2 Advance - Access to ANZ Global Business Concierge - Additional point per $1.00 awarded on eligible Qantas spend	- Points earned flying on eligible flights are tripled - Up to $100 credit with Dell Technologies twice a year - 2 complimentary Domestic Qantas Club Lounge invitations per year - Complimentary travel insurance	- Unauthorised transaction insurance - Transport accident insurance - 24/7 emergency assistance for lost or stolen cards - Visa offers and perks including Visa Concierge Service

As seen on 10 November 2023

It is worth noting that all of the above features and benefits are subject to change by the card issuer at any time.

The full terms and conditions surrounding the accrual of points are available through the Qantas website and should be considered carefully before applying.

The cons of using these credit cards

While rapidly accruing more Qantas miles can be very appealing, there are some instances where these cards may not be quite as beneficial as they appear at first glance.

We suggest reviewing:

• Whether the comparably high annual fees and charges involved outweigh the value of the points accrued
• Your ability to clear the card balance each statement period as unpaid balances can see your points accrual being frozen until resolved
• Any applicable spending caps and how this will relate to your usual spending and ability to accrue the most points per statement
• How you travel and when – Qantas reserves the right to impose blackout periods which can limit when you are permitted to use your points which may reduce their value to you

The credit limit provided by these credit cards

Available credit limits on these cards may vary. Typically, the limit provided to your business will be determined at the time your application is being processed.

Once approved for one of these cards, your available credit limit will be outlined in your Letter of Offer.

Can credit limits be increased?

If the offered limit is not suited to your business needs or your needs have changed since first receiving the card, you can broach this with the card issuer.

Requests to alter this limit are at the card issuer’s discretion and may require additional paperwork to be provided. This paperwork acts as proof that the increase is necessary and serviceable by your business in terms of repayments.

What are the fees for these Qantas credit cards?

Below is a breakdown of the main fees associated with each of the three cards covered in this guide.²

Fees & rates quoted in AUD	ANZ Qantas Business Rewards card	American Express Qantas Business Rewards Card	NAB Qantas Business Signature Card
Maintenance fee (monthly or annually)	First-year free, thereafter $300 annual fee and reward fee of $75 annually applies	$450 annually	$295 annually
Cash advance fee domestically or overseas	$1.50 or 1.5% of the withdrawn amount³	$2.50 or 2% of the cash advance amount, whichever is greater⁵	3% of the total transaction amount, minimum $3.00 charge⁶
Cash withdrawal or advance rate both domestically and overseas	21.74% p.a	Check with the card issuer at the time of application	Check with the card issuer at the time of application
Overseas transaction fee	3% of the transaction amount³	3% of the AUD equivalent transaction amount⁴	3% of the transaction amount⁶
Purchase interest rate	20.24% p.a	22.99%⁴	18.50% p.a
Additional cardholders	No additional cardholder fees levied	Up to 99 additional cardholders permitted at no additional fee	Up to 999 additional cardholders permitted – $295 annual fee

As seen on 10 November 2023

As not all fees and charges are clearly listed on the Qantas website, we recommend speaking directly with the card issuer to obtain the most up-to-date and accurate advice on these.

How to get a Qantas business credit card

The simplest way to secure one of the above cards is to first visit the Qantas website. From here you can navigate to the dropdown menu titled ‘Money’ and then to their credit card comparison tool.

Each listed card has an ‘apply now’ button included which once clicked will take you directly to the card issuers associated page for that card product.

From here you simply follow the online application instructions provided.

Alternatively, you may like to contact the bank or financial institution directly for assistance.

What are the eligibility requirements for getting a Qantas credit card

Eligibility for these cards follows a similar format regardless of who is issuing the card. For this example, we have referred to the criteria outlined by American Express you must⁷:

• Be aged 18 years or over
• Be an Australian citizen or hold permanent residency
• Be the controller or director of the business the card will be linked to
• Demonstrate a good credit history with no payment defaults
• Have an annual business revenue of AUD$75000 or more
• Be registered for GST and have a valid Australian Business Number (ABN)

How long does it take to get the business credit card

Timelines for approval for any of the cards discussed in this guide will vary based on the bank or financial institution processing your application.

For information on when to expect the finalisation of your application and issuing of your new Qantas Business credit card, we advise speaking to the card issuer directly.

What if your application is rejected/declined

If your application for a Qantas Business credit card is rejected or declined, it is wise to seek clarification on why this has occurred.

There are several reasons why this may have happened and while the card issuer is under no obligation to explain these, most are willing to discuss this.

Small errors in the application could be the cause, however, more likely is an issue with your financials or credit history.

To access details about your credit history, the Australian government recommends contacting one of three trusted reporting agencies.⁸

What else do I need to know?

If any of the features, benefits, terms and conditions for these cards do not suit your business needs, there are other options within this space that may be a better fit.¹

Qantas Business Rewards contact details

For general information on Qantas Business Rewards credit cards, you can speak with Qantas at⁹:

• 13 74 78 within Australia between 7 am and 7 pm AEST Monday through Friday or
• +61 2 8222 2563 from overseas

For specific information or support for a selected card type, you will be directed by Qantas to contact the card issuer directly.

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Sources:

1. Qantas – Credit Cards
2. Qantas – Compare Cards
3. ANZ – Fees & Charges pgs. 2 & 3
4. American Express – Fee schedule
5. American Express – Cash Advance
6. NAB – Fees & Charges
7. American Express – Eligibility
8. Moneysmart.gov – Credit scores and reports
9. Qantas – Contact us

Sources checked on: 10 November 2023