Card comparison table

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1. Excludes cash advances (including bills paid over the counter at a bank, financial institution or post office and for the purchase of travellers' cheques).
2. Terms and Conditions are available on application. Fees and charges apply. Business Access interest rate may vary if security is offered.  Business Card, Purchasing and Corporate Card interest rates are for cash advances only.
3. Information is current as at 15 November 2010 and subject to change.  Other fees and charges may apply.
4. NAB Commercial Cards Liability Insurance is issued by Chubb Insurance Company of Australia Limited ABN 69 003 710 647, AFSL No. 239778. Terms, conditions and exclusions apply and are set out in the policy information booklet. Neither National Australia Bank Limited nor any other member of the National Australia Group of companies is liable under this policy.
5. The annual card fee as at 1 August 2009 is $149 for a Velocity NAB Business Card and is subject to change.
6. Applications are made in the Customer’s individual name which means the Customer will be personally liable for all amounts owing under the credit contract, including amounts incurred by an additional cardholder (if any).
7. Excludes cash advances (including bills paid over the counter at a bank, financial institution or post office and business purchases of travellers cheques). Also excludes fees and charges (including government fees and charges), interest charges, transactions which are disputed, fraudulent or involve abuse of your Velocity NAB Business American Express Card account, payments, and business purchases which are refunded or reimbursed.
8. NAB recommends you consider the Product Disclosure Statement or other disclosure document, available from NAB, before making any decisions regarding these products. These products are issued by National Australia Bank Ltd ABN 12 004 044 937.
9. To earn points using your NAB Qantas Business Card, you must be a member of the Qantas Frequent Flyer program. A joining fee may apply. Membership and points are subject to the Terms and Conditions of the Qantas Frequent Flyer program which are available at qantas.com/frequentflyer.
10. Excludes cash advances (including bills paid over the counter at a bank, financial institution or post office and purchases of travellers cheques). Also excludes fees and charges (including government fees and charges), interest charges, transactions which are disputed, fraudulent or involve abuse of your NAB Qantas Business Card account, payments, and purchases which are refunded or reimbursed.

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 Qantas Business Card is the interest free period that you can receive. With a NAB Qantas Business Card, you can enjoy up to 44 interest free days on business purchases¹ when you pay your account in full by the due date each month. With a NAB Business Card you receive up to 35 days interest free on business purchases.²And with a Velocity NAB Business Card you receive up to 55 days interest free on business purchases²

1. Excludes cash advances (including bills paid over the counter at a bank, financial institution or post office and purchases of travellers cheques). Also excludes fees and charges (including government fees and charges), interest charges, transactions which are disputed, fraudulent or involve abuse of your NAB Qantas Business Card account, payments, and purchases which are refunded or reimbursed.
2. Excludes cash advances (including bills paid over the counter at a bank, financial institution or post office and for the purchase of travellers cheques). Interest free days on purchases if you pay your account in full by the due date each month.

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 Business Cards on 13 10 12, 7 days a week
  7am-9pm AEST/AEDT, Monday to Friday,
  8am-6pm AEST/AEDT, Saturday and Sunday
• View the NAB Commercial Card Liability Insurance Policy

1. NAB Commercial Cards Liability Insurance is issued by Chubb Insurance Company of Australia Limited ABN 69 003 710 647, AFSL No. 239778. Terms, conditions and exclusions apply and are set out in the policy information booklet. Neither National Australia Bank Limited nor any other member of the National Australia Group of companies is liable under this 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 NAB'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 provide¹:

• 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

1. Functionality depends on the FlexiPurchase solution you choose.