What is a business credit card?
The core function of a business credit card is to provide short-term access to funds. This can help businesses make purchases while they wait for incoming or slow payments from customers. With the benefit of interest-free days, businesses may also improve their cash-flow.
NAB business credit cards are business liability cards, meaning the business is responsible for the account. They have been designed to be held and used by a business entity instead of an individual.
The benefits of a business credit card
Business credit cards offer several practical benefits specifically designed to benefit business owners.
Help separate your expenses at tax time
Using a business credit card can help you separate your personal and business expenses, giving you a clear picture of business spending to make record keeping far easier.
- Monitor cash flow and reporting more easily.
- Avoid the need to analyse each transaction to determine what was personal and what was for business.
- Fees charged to a business account are considered a business expense, so they will be tax deductable.
Manage employee spending
If you have staff who have travel and entertainment expenses, or who need to make purchases on behalf of the business, a business credit card will help you keep track of their spending.
- A business owner can set spending limits for each cardholder and can quickly block cards, making it easy to control how the cards are used.
- Detailed monthly statements per cardholder and one for your overall business card facility will help you with your account reconciliation and tax preparation.
The NAB Business Card is a great choice for this as it allows businesses to provide employees their own charge card, with transactions made viewable online via NAB Internet Banking or NAB Connect.
Improve business cashflow
NAB business credit cards provide short-term access to funds with interest-free days. This means businesses have more time to make payments without incurring interest, which helps improve cashflow.
The NAB Low Rate Business Card is best suited to maximising cashflow, with up to 55 interest-free days on business purchases (excluding cash advances). New and approved NAB Low Rate Business Card customers can also take advantage of our 0% p.a. on purchases for 12 months offer.
Simplify business spending
NAB business credit cards make business purchases for employees and business owners quick and easy, by removing the hassle of reimbursing employees who use their personal cards.
As your business grows and employees change, it’s also easy to make updates within your facility.
NAB business credit cards also work with digital payments, allowing easy payments online or on the go using a smartphone or wearable.
Earn rewards from business purchases
We offer two business credit card products that earn points when you make everyday business purchases. Our NAB Rewards Business Signature Card and our NAB Qantas Business Signature Card Compared to NAB’s consumer reward credit cards, our business reward credit cards offer great points per dollar earned rates and have a higher point earning potential.
Access to Visa business offers and premium benefits
All NAB business credit card customers can claim Visa Commercial Offers, opens in new window. Gain access to a comprehensive suite of benefits across a variety of business services. These include accounting software, marketing solutions and productivity tools that will enhance the efficiency of your business.
Visa Premium benefits, opens in new window are available to all Visa Business Signature cardholders (our business reward cards). Special travel and retail privileges, created by Visa Premium, include car rental discounts, access to hand-picked hotels, offers on airport lounges and travel programs.
View the latest offers through our small business hub.
Take advantage of reward schemes
Credit card reward schemes let businesses earn rewards for everyday purchases. These rewards may include cashback, travel, merchandise and more. Business rewards cards can also feature rewards such as flights, hotels and concierge services which may help streamline the process of booking business travel.
Our business rewards credit cards
These NAB business credit cards have the potential for you to earn and redeem rewards for your business.
Choose the best credit card for your business.
Explore our range of business credit cards and compare features, rates, business rewards and offers.
Features of NAB business credit cards
If fraud occurs and you’ve operated your account responsibly, you'll be reimbursed for the fraudulent transaction. Read more about NAB Defence.
Visa Secure reduces online fraud by confirming your identity when making a purchase.
Add additional cardholders. Maximum 1,000 cardholders per facility.
Our lost and stolen team are here for you 24 hours a day, seven days a week, if your credit card goes missing.
Choosing the right business credit card
Every business is different, so there’s no single business card option that will suit everyone. The right business card for your business will be the one that best fits with your current business spending. Consider the following when choosing:
- your capital expenses (what you spend on maintaining or growing your business)
- how many employees need access to funds held within your business account
- functionality and ease of business expense management
- fees and interest rates
- if you want to earn rewards or benefits for what your business spends.
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Get in touch
Let us help with your business banking needs. Request a call back to chat to a specialist about our range of business and commercial cards.
Visit our business banking contact page for how-to-guides and FAQs, as well as contact numbers.
Visit a NAB business banking centre
Let our business banking specialists help you in person.
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