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Business credit cards with frequent flyer points
Earn frequent flyer points on your business expenses and take advantage of airline lounge passes, concierge services and high credit limits.
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If you run a business, you can choose from a range of credit cards that offer both frequent flyer rewards and money-management features. This includes Qantas business credit card options, which are linked to your personal frequent flyer account or a Qantas Business Rewards account. There are also business credit cards with rewards you can transfer to partnered frequent flyer programs.
You can use this guide to compare business frequent flyer credit cards on the market, find out about the key features to consider and learn the traps to avoid.
American Express Credit Card Offer
American Express Qantas Business Rewards Card
Receive 150,000 bonus
Qantas Points
Offer ends 24 March 2021
Eligibility criteria, terms and conditions, fees and charges apply
American Express Credit Card Offer
Collect 150,000 bonus Qantas Points and benefit from premium perks including complimentary travel insurance and airport lounge passes every year.
- 150,000 bonus Qantas Points when you spend $3,000 in the first 2 months
- No pre-set limit charge card with a $450 annual fee and up to 99 additional cards
- Up to 51 days cash flow
- Earn up to 2 Qantas Points per $1 spent and get triple points on Qantas flights
- Receive 2 Qantas Club domestic lounge passes per year
Compare business credit cards that earn frequent flyer points
What's in this guide?
How do business frequent flyer credit cards work?
Just like other frequent flyer cards, these cards earn points for every $1 spent on eligible purchases. They may also offer thousands of bonus points on sign up, as well as travel perks such as lounge passes. The difference is that many personal frequent flyer products don’t consider business spending as part of the eligible purchases that earn points, whereas business credit cards do.
Business credit cards are usually designed for small to medium sized businesses, but you can find cards for larger corporations. To apply for one of these cards, you usually need to have an Australian Business Number (ABN), meet a minimum annual turnover and provide details about your business.
How to compare frequent flyer credit cards for your business
If you’re deciding which frequent flyer credit card will boost your business rewards, these are some of the questions to ask yourself before you apply:
Which program is the card connected to?
If your business already earns points with a particular program, you can narrow down your credit card choices based on the loyalty scheme that’s linked to the card. Depending on the card, it will be linked to Qantas Frequent Flyer, Virgin Australia’s Velocity Frequent Flyer or a flexible rewards program such as American Express Membership Rewards or Citi Rewards.
You can also get a business credit card that partners with a corporate frequent flyer program, such as Qantas Business Rewards, which allows you to pool points for your business and then decide how to use them.
How many points can I earn?
These cards earn a set number of points per $1 spent on eligible business transactions. How many points you’ll earn will vary, but at least 1 point per $1 is a competitive offer. The number of points you’ll earn per $1 may also vary based on the transaction. For example, you might be able to earn 1.25 points on everyday eligible purchases and only 0.5 points per $1 spent on your ATO bill or other government transactions.
Some business frequent flyer credit cards also come with thousands of bonus points on sign up. So you can also compare cards by the bonus points offered and the spend requirements you need to meet to score these points, as they’re an easy way to boost your business rewards balance.
How can I use the points?
You should only collect points if you know there are rewards that are valuable to you. So compare credit cards by the types of rewards you can get. If you and your colleagues regularly travel for work, a frequent flyer credit card that’s directly linked to an airline loyalty program could reward you with free flights or upgrades. Whereas if you’d prefer to redeem your points for cash back or gift cards, you might want to consider a card that’s linked to a bank rewards program.
Who qualifies for the credit card?
Just like a personal credit card, you’ll need to meet eligibility requirements including a minimum annual turnover, a good credit history and an eligible ABN. Plus, you may need to be in a managerial position to apply for the card on behalf of your business.
How many additional cardholders does that card offer?
If several of your employees require a credit card for work spending, you can request additional credit cards that are linked to the one account. This can make it easier to track and report business spending, and can also help you earn more points for a single account.This is because the points earned on the additional card will be debited to the main frequent flyer account.
While some cards may offer an unlimited number of cardholders, others have a limit of how many supplementary cardholders you can add to the account. Make sure you confirm this before you apply so that you know the account is suitable for your business.
What’s the annual fee?
You can almost always expect your frequent flyer business credit card to come with an annual fee, which can vary from $150 to $450 (or more) depending on the card. You should make sure that your business can afford the annual fee and that the monetary value of the points and the extra perks can justify this cost.
What is a credit limit?
As well as earning points on business spend, a higher credit limit is another perk of choosing a business frequent flyer credit card. Your approved credit limit will depend on a number of factors including your annual turnover and credit history, but you should also compare cards by the minimum and maximum credit limits to ensure they can support your organisation’s spending needs.
Is it a charge card or a credit card?
When you’re comparing cards to earn points on business expenses, you can usually choose between a credit card or a charge card. While you can carry balances from month to month (and will be charged interest) with a credit card, you have to pay off a charge card in full each month otherwise you’ll be charged a fee. Consider whether your business requires a revolving line of credit or a line of credit to free up cash flow to determine whether you’d prefer a credit or charge card.
What are the extra perks?
Frequent flyer business credit cards are higher tier products, so you can usually expect a bunch of extra perks. Depending on the card, it may offer a flight or travel credit, complimentary lounge passes or complimentary international travel insurance. You might also be able to use a complimentary concierge service for everything from booking a restaurant for a business meeting to organising a corporate trip.
Some business cards also come linked with reporting software (such as MYOB, QuickBooks and Microsoft Excel), which you can use to monitor and download your balance sheets and transaction details.
Pros and cons of a business frequent flyer credit card
Pros
- Reward your business spending. Unlike other business credit cards, these cards reward you for every $1 you spend on eligible purchases. You can use these rewards to cut costs on regular business expenses (such as business travel) or to reward your employees.
- Extra perks. These cards also come with extra features like lounge invitations, complimentary travel insurance and concierge services which could help justify the cost of the card.
- Access credit. These cards usually come with higher credit limits than personal cards and can help your business manage its expenses with a line of credit.
- Business reporting. You can monitor your business spending under one account and link it with business reporting systems to help simplify the way you manage your finances.
Cons
- Higher annual fees. While some business cards come with low or $0 annual fees, these cards usually come with higher annual fees.
- Liability. If you link additional cards to the account, the primary cardholder or the business will be liable for any expenses made on the supplementary cards.
- Interest charges. If you opt for a business credit card and carry a balance from month to month, you’ll likely collect high interest rates on your purchases.
How to apply for a business frequent flyer credit card
Once you’ve compared your options and decided on a card, you can apply for a frequent flyer credit card for your business online. Before you begin the application, make sure that your business meets the eligibility requirements and has the necessary information:
Eligibility criteria
- Age. You must be at least 18 years old to apply for a credit card in Australia.
- Australian residency status. Depending on the card, you may need to be an Australian citizen or a permanent resident to apply.
- Credit history. You’ll usually need to have a good credit history with no evidence of bad debts or payment defaults.
- Corporate spending limit. You may need to meet an annual turnover (such as $10 million p.a.) to receive approval.
Required documents and information
- Personal details. You’ll need to provide personal information including your full name, contact number and email address. You must also provide the details of your personal pre-tax income.
- Business details. This will include your business name, contact details, ABN and other business financial information.
- Frequent flyer account. If your business already belongs to a frequent flyer program, you’ll need to provider the account number to link the card with your loyalty account.
A frequent flyer business credit card can be a great way to reward your spending while you manage your business expenses. There are many business credit cards that earn points on the market, so make sure to weigh up a few options before you apply.
Want to compare other options for your organisation? You can compare more business credit cards and get your finances in order with finder.
Pictures: Shutterstock
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Ask an Expert
I am disappointed with the Qantas frequent flyer programme.
I wish to utilise Kris Flyer points. Can you inform me of current best deals with credit cards AUD spent to Kris Flyer points?
Currently, I use NAB credit cards linked to Qantas frequent flyer automatically.
Presumably, I can notify NAB to cancel this agreement and use this card for conversion to Kris Flyer points?
I believe Citi Bank used to have the best conversion to Kris Flyer. Is this still the case?
Business expenditure such as tax etc and other gov. depts; can you advise best card utilisation for points accumulation using which card to pay these bills? I note that some cards have exclusion clauses for payment to gov. institutions.
Many thanks in anticipation of your reply.
David
Hi David,
Thanks for getting in touch with Finder. I’m sorry to hear about how you are disappointed with Qantas Frequent Flyer programme.
As of this time David, there aren’t any credit cards in Australia that currently directly earn Singapore Airlines KrisFlyer Miles and that includes NAB. However, many reward credit cards such as NAB that allow you to earn points for your everyday spending, which you can then transfer to your KrisFlyer account (or to another partnered frequent flyer program). With this option, you usually need to earn a minimum number of credit card reward points before you can redeem them for KrisFlyer Miles.
With this in mind, what you can do is notify NAB that you want to earn reward points instead. When you have enough reward points, then you can convert them into KrisFlyer Miles points.
Citibank allows you to get 1 KrisFlyer mile for every 1.5 Citi Reward points. However, you would first need to check with your provider to confirm since this may change from time to time.
As of now, American Express gives you a 1:1 transfer ratio from American Express reward points to KrisFlyer miles. You may also check on this page other banks and how much points they give for 1 Krisflyer miles point. Please read details under the subheading, “Which banks can transfer rewards points to Singapore KrisFlyer Miles?”
It is worth noting though that many rewards programs exclude utility payments and government charges from earning points, or offer a reduced rate of points for these types of payments. To help you know what type of bills and purchases you can earn for each credit card, please go to this page.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
I am looking for an uncapped card that gives me the best redemption rate for qantas points, where I can spend $60,000 plus per month and I don’t want American Express. Can you advise which is the best at the moment, also with sign on points?
Hi Mark!
Thanks for the comment.
You can visit this page for our detailed comparison review of the cards that may meet your preferences. Click “Go to Site” green button to proceed with your application of your chosen card issuer.
Take note that if you need information beyond this page or the status of your application, you need to contact the bank for further advise.
Hope this helps.
Cheers,
Jonathan
Can you advise the best business credit card, i want to just pay my quarterly BAs with this card. I have been told you can accuse Qantas points from these payments?
Hi Sam,
Thanks for your question.
Please note that finder.com.au is an online comparison service and is not in a position to recommend any credit card to our users.
If you check this page, you’ll be able to compare business credit cards that let you earn rewards and Qantas points when you pay to the ATO.
Cheers,
Anndy
Is Amex the only business card to offer points on Govt dept purchase (i.e. RTA), currently 0.5 per dollar sent but going to 0.25 per $ from July 1.
Thanks
Hi Mark, thanks for your inquiry!
That is correct, please see the following page on earning rewards points by paying tax.
Cheers,
Jonathan
which frequent flyer cards are not capped at present (2015)
Thanks
Hi Simon,
Thanks for your question.
You can compare and apply for uncapped frequent flyer credit cards on this page.
I hope this will help.
Thanks,
Elizabeth
Hi there, I know these cards don’t give you points for Bpay. Do they give you points for “electronic funds transfer” or “internet or phone banking (pay anyone)”?
Thanks
Whitney
Hi Whitney.
Thanks for your question.
You can find some general information on lenders that offer rewards for BPAY transactions on this page.
Currently, Westpac is the only provider that we list that offers frequent flyer points when you make an eligible purchase. According to the Westpac Altitude Business Rewards terms and conditions, currently no points are awards for BPAY transactions. You will not earn points on the following transactions.
‘Government charges (other than GST payable in connection with the purchase of goods or services on which you earn points).
Interest and other bank fees and charges (including any GST payable on any of these).
Cash advances (any transaction treated by us as a cash advance as further explained in the ‘Interpretation’ section – clause 18 below).
Balance transfers.
Bpay payments; i.e. bill payments and other payments made through the Bpay® Electronic Payments Scheme.’
I hope this helps.
Which business credit card excluding American Express allows use for purchasing stock for the business and earns uncapped frequent flyer points?
Hi, Morrice.
Thanks for your question.
Please have a look at the ANZ Business One Visa Rewards Card. At the time of writing it offers uncapped rewards points earning. You can transfer your ANZ Rewards to a frequent flyer program if you wish, you can read more about this on this page.
I hope this helps.
Hi Jacob. As you know Westpac has put a points cap on cards used for business. I have a $50,000 credit limit on two cards used for business but in my name. I usually spend around $500,000 a year. I don’t want to miss out on points. I was offered the Black Altitude card for personal stuff but not my “business” cards. I am switching banks but which bank offers what I have had before with no capping on points. Last time we spoke you said HSBC. Now that we are 4 months older, what bank offers more. I don’t mind having an American Express companion card but most companies we deal with don’t accept Amex, so please help. I have looked at the tables and am confused. I don’t care how much card costs as it is a tax deduction.
Hi Miriam. Our business credit card comparison page lists the cards that reward you for business spending. You can find out which cards offer uncapped points earning by clicking through to the cards review page from the comparison table. A number of the business credit cards we compare are offered by American Express, and Westpac are the only provider listed in our business comparison tables to provide a companion MasterCard and American Express credit cards. Thanks for your question. Jacob.
I wish to change from a westpac card as i am really angry that they are so greedy and have changed the rules. I can’t use the black altitude card for business purchases. The card I want is like the Westpac Business Gold card that is no longer available.I don’t necessarily want a business card but I am making legitimate business purchases. In fact the 2 I have for 2 businesses are in my personal name.What replaces the Westpac card? Amex cards are not accepted by my suppliers. Do you know whether HSBC plan to copy the greed of Westpac and cap their points too??
Hi Miriam. Thanks for your comments. We do not know whether HSBC plans to cap their points, however, lenders do change their products from time to time. This page has some information on the rewards and frequent flyer credit cards and which transactions you will and won’t earn points on. It may be of help. Jacob.
do you have to have your business account with the bank that you want to get a business CC with?
Hi Carmen. Thanks for your question. So banks do require that you have an account with them already, while others do not. You can find information about this on the application page once you go to apply for a card. Jacob.
My business credit card is going to start to apply a cap to points earned in a billing period.
What business frequent flier credit cards do not have a cap in place?
Hi Robert. Thanks for your question. Please have a look at our business credit card comparison page. On that page, the cards that offer rewards and do not have a cap on points earning are: ANZ Business One Rewards, American Express Velocity Business Card, American Express Gold Business Card, NAB Qantas Business Credit and the American Express Platinum Business Credit Card – please keep in mind although the American Express cards are not direct earn frequent flyer products, you can transfer your American Express Membership Rewards Points to airline partners – see this page for transfer rates. Jacob.