Card comparison table

Earn rewards on business purchases Low cost for small business One facility for multiple staff Corporate card for employee purchases   Velocity NAB Business American Express® Card NAB Business Access Card NAB Business Card NAB Purchasing & Corporate Card   Find out more Find out more Find out more Find out more Business size Small Small Small to Medium Medium to Large Purpose Credit card with rewards Credit card for the business Monthly charge card Monthly charge card Personalised card Rates and fees Interest free days on purchases1 Up to 55 days interest free None Up to 35 days interest free No interest applicable on purchases Interest rate View current interest rates2 Annual fee $149 on primary card.5 Complimentary second card. $50 per card3 N/A Varies depending on contractual agreement  Monthly fee  N/A N/A  $7.50 per card3  N/A Monthly repayments 2.5% of closing balance or $10 - whichever is greater 5% of closing balance or $10 - whichever is greater Closing balance must be paid in full by direct debit Account paid in full via direct debit Facilities and insurance Facility credit limits Minimum -$5,000 Minimum -$5,000 Minimum - $5,000 As per customer request Cards for employees Card limits Minimum - $5,000 Minimum - $1,000 Minimum - $1,000 As per customer request Cards per facility Up to 2 1 - no limit 1 - no limit 1 - no limit Liability Insurance4 Access Electronic Access ATM, NAB Telephone and NAB Internet Banking ATM, EFTPOS, NAB Telephone and NAB Internet Banking ATM, EFTPOS, NAB Telephone and NAB Internet Banking ATM Statements/ reporting format Monthly statements Monthly statements with separate facility detail and cardholder detail Online card management systemand monthly statements with cardholder summary Worldwide acceptance Promotions and benefits Velocity Rewards Program                                                                  Business Edge Program American Express Business Advantage American Express Selects

Cards comparison assistance

A low interest rate
One of the benefits of a NAB Business Access facility is the low business interest rate you can receive. Although the Business Access facility operates as a credit card, it can be charged at the same rate as a business overdraft, which helps save you money. The level of security you offer and your risk profile determines the interest rate on your Business Access facility.

Interest free period
One of the benefits of a NAB Business Card is the interest free period that you can receive. With a NAB Business Card, you can enjoy up to 35 interest free days on purchases¹ when you pay your account in full by the due date each month. And with a Velocity NAB Business Card you receive up to 55 days interest free on purchases²

Liability insurance
You may be protected by Liability Insurance¹ if your employees make an unauthorised transaction on their NAB Commercial Card. Indemnity is limited to $20,000 per cardholder and is subject to an overall limit of $150,000 for your business in a policy year.

For further information on Liability Insurance you can:

• Call NAB on 13 10 12, 8am - 8pm EST, Monday to Friday.
• View the NAB Commercial Card Liability Insurance Policy

Understanding your statement
Each month NAB Commercial Cards customers are sent separate statements detailing both their overall business spend as well as each cardholder's spend. This makes it easier for you to reconcile your employee expenses saving you valuable time and money.

• View a NAB Business Access statement
• View a NAB Business Card statement
• View a NAB Purchasing and Corporate Card statement
  

FlexiPurchase - the National's Expense Management Solution
FlexiPurchase's advanced technology provides powerful data capture, reporting and analysis capabilities.  It enables businesses to efficiently manage transactions from varying sources, such as corporate and purchasing cards, travel and entertainment expenditure and personal reimbursements.

The sophisticated, easy-to-use functionality of FlexiPurchase can provide:

• Significant reduction in transactions costs and improved management control
• Outstanding flexibility in data analysis
• Clear visibility of spending patterns
• Seamless integration into your finance systems
• Enhanced compliance with travel and expense policies
• Management of GST and FBT requirements
• Access to transaction data 24 hours a day, 7 days a week
• Interactive reporting through daily data feeds where all transactions are clearly displayed on a comprehensive statement

FlexiPurchase allows you to simplify your organisation's purchasing and reconciliation process to achieve considerable savings.

To find out how FlexiPurchase can work for you, please email our account management team at corporatecards@nab.com.au