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Business credit cards

Free up cash flow, manage expenses, simplify reporting and get rewarded for your business-related expenses with a business credit card.

Name Bonus points Points per $ spent Complimentary travel insurance Minimum annual revenue Annual fee
American Express Qantas Business Rewards Card
Qantas Business Rewards
Bonus points
Points per $ spent
Complimentary travel insurance
Minimum annual revenue
Annual fee
Go to siteMore Info
ABN holders w/ $75k revenue. Earn 100,000 bonus Qantas Points when you spend $3,000 in the first 2 months.
American Express Business Explorer Credit Card
Membership Rewards Gateway
Bonus points
Points per $ spent
Complimentary travel insurance
Minimum annual revenue
Annual fee
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 75,000 bonus points when you spend $3,000 in the first 3 months.
American Express Platinum Business Card
Membership Rewards Ascent Premium
Bonus points
Points per $ spent
Complimentary travel insurance
Minimum annual revenue
Annual fee
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 200,000 bonus Membership Rewards points when you spend $8,000 in the first 3 months.
American Express Velocity Business Card
Velocity Frequent Flyer
Bonus points
Points per $ spent
Complimentary travel insurance
Minimum annual revenue
Annual fee
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 100,000 bonus Velocity Points when you spend $3,000 in the first 2 months.
American Express Gold Business Card
Membership Rewards Ascent
Bonus points
Points per $ spent
Complimentary travel insurance
Minimum annual revenue
Annual fee
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 75,000 bonus Membership Rewards Points when you spend $1,000 within the first 2 months. Plus, earn 1.5 points per $1 on eligible spending with Membership Rewards.
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What are business credit cards and how do they work?

A business credit card gives you a way to manage your business spending and offer expense management tools, rewards and other business-related perks. In Australia, business owners and sole traders can choose from a range of business credit cards and charge cards.

  • With a business credit card, you can choose to pay off spending over a few months or more – with interest charges.
  • With a business charge card, you repay the whole balance by the due date on each statement (e.g. once a month).

Both types of business cards let you pay for what you need with credit, then repay the account over time. So, you can keep the lights on (and your internet connection) while you chase up invoices, grow your business or deal with other costs.

They also offer more specialised features for business owners. For example cards for employees, data feeds for MYOB, Xero or other accounting software and statements that show GST or other key accounting details.

Finder's best business credit cards for 2023


Updated by Finder's senior credit card writer, Amy Bradney-George.

Every business is different so there isn't one best business credit card for everyone. But the 2023 Finder Credit Card Awards used expert analysis of 12 months' worth of data to determine the best business cards in 3 key categories:

  • Best Business Rewards Credit Card:
    The ANZ Business Black Card currently offers 100,000 bonus points and a waived annual fee in the first year, which goes to $300 p.a. per year after that.
  • Best Business Frequent Flyer Credit Card:
    The NAB Qantas Business Signature Card has a big 100,000 bonus Qantas Points offer, a global concierge service and earns points for ATO payments. The points earned per $1 are capped at $50,000 spending per statement period.
  • Best Low Interest Business Credit Card:
    The St.George BusinessVantage Visa offers a 9.99% p.a. interest rate for purchases and a $55 annual fee per card. It also offers up to 55 days interest-free on purchases, business-reporting features and complimentary insurance against unauthorised transactions.

Keep in mind that introductory offers and other card features may change over time. You can check out the latest business credit card deals on Finder using the comparison table, which also include filters for specific offers and features.

Have a business vehicle or fleet? You can also compare fuel cards to help keep these costs separate, get discounts and other vehicle perks.
Save 6c per litre off fuel purchases at Shell branded sites and pay no monthly card fees for the first six months when you apply using promo code FINDER.

Pros and cons of business credit cards


  • Cash flow. A business credit card gives you access to funds you can pay off over time, which helps with cash flow.
  • Points and perks. You can get up to 200,000 bonus points with a business credit card, and earn up to 2.25 points per $1 on everyday business spending. Business cards also offer complimentary insurance, airport lounge passes and dedicated account managers.
  • Expense management features. These cards keep your business spending separate from personal spending. They also offer cards for employees, detailed statements and integration with accounting software like MYOB, Xero and Quicken.


  • Interest rates. Business credit card interest rates typically range from 9.99% p.a. to 23.99% p.a. for purchases. In comparison, small business loans start around 5% p.a.
  • Annual fees. On average, business credit card annual fees are higher than those on personal cards, going up to $1,750. If you don't need business card features, it may not be worth it.
  • Eligibility requirements. Business credit cards have higher minimum income requirements and/or annual turnover details than personal cards, and some require your business to be active for at least 12 months. These requirements may be hard to meet if you're a new or small business.
Tax perk: You can claim business credit card annual fees and interest charges as tax deductible expenses when the card is used for general operating expenses, according to the ATO. If you use it for 50% business spending and 50% personal spending (for example), half the fees and interest would be tax deductible.

How to compare business credit cards

Check the accounting and reporting features

A business credit card makes it easy to manage finances when it has features that fit with your accounting processes. Some of the key features to look for include:

  • Data feeds for the accounting software your business uses
  • Detailed statement breakdowns and custom reports
  • Separate GST details for transactions
  • Employee card spending limits and controls
  • Easy imports for Microsoft Excel

Compare other business banking tools

Every card is different, but some valuable business features include:

  • Additional cards for employees. Some business cards charge a separate annual fee for additional cards, while others offer 1-99 or more cards at no extra cost. For example, Amex cards for small businesses typically offer $0 employee card fees, while NAB business credit cards and Westpac BusinessChoice cards charge a fee per card.
  • Real-time management. If you want to make changes on the go, look for a card that lets you see transactions as they happen, block and add new cards instantly or update other features without long processing times.
  • Security. Business credit cards typically offer unauthorised transaction cover and 24/7 fraud-monitoring.
  • Spending limits. If you get a credit card, you can only spend up to the approved limit. With a charge card, there is no pre-set spending limit but lenders may consider your account history and other factors if your spending patterns change.
Cash flow tip

Ask about spending limits before you apply and include supporting documents to show how much your business typically spends. Research from the Australian Banking Association found cash flow or working capital was the main reason businesses planned to take out extra finance (54%) in 2022. So, keeping this in mind can help you find a suitable business card.

Choose the rewards and perks you want

Gold medal
Qantas or Velocity frequent flyer points

Business credit cards that earn Qantas Points or Velocity Points directly typically offer between 0.66 and 1 point per $1 spent. Similar to regular frequent flyer credit cards, you can earn bonus points for eligible spending, such as booking a flight with the airline.

There are also some cards linked to the Qantas Business Rewards program, which lets you pool points and transfer them to any personal Qantas Frequent Flyer account. The program also offers flight discounts and other business perks.

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Bonus point offers

A new business credit card can give you up to 200,000 bonus points when you meet the spend criteria. It's similar to personal credit cards, so you'll usually have to spend a set amount in the first few months (e.g. $8,000 in 3 months).

These bonus points can be worth hundreds or even thousands of dollars of value. For example, 150,000 bonus Qantas Points is enough for a one-way business class flight from Sydney to London (144,600 points plus fees and taxes).

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Other frequent flyer programs and flexible rewards

Credit card reward programs including American Express Membership Rewards, ANZ Rewards and NAB Rewards offer point transfers to partnered programs. This often includes Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles and Air New Zealand Airpoints.

They also offer rewards including gift cards, statement credits and hotel bookings. And standard earn rates range from 0.5 to 2.25 points per $1 spent on business credit cards.

Want to know how much your points are worth in dollars? Check out Finder's points calculator.

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Travel perks

Similar to personal credit cards, complimentary travel insurance is a popular benefit. On a business credit card, the cover may only be for business travel or limited to transit accident insurance – these details are included in card reviews and the insurance T&Cs.

Most frequent flyer business credit cards also offer airport lounge access. If you fly with a few airlines, cards that offer flexible lounge access through a network like Priority Pass or American Express lounges may offer more value than those linked to Qantas or Virgin Australia. Some premium business credit cards also offer other travel perks. For example, the American Express Platinum Business Card offers higher status with partnered hotel loyalty programs and complimentary Accor Plus membership.

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Business-related perks

These cards can offer some great extras for your business, such as dedicated account managers and concierges, free seminars and advice, subscription offers and discounts.

Weigh up rates and fees

  • Annual fees. Most business credit cards in Australia charge an annual fee, which typically ranges from $40 to $1,750.
  • Additional cardholder fees. This cost can lower or the same as the business credit card's annual fee. If you want to get cards for employees, look for a business credit card that doesn't charge an additional cardholder fee.
  • Interest rates. Interest rates for purchases typically range from 9.99% p.a. to 23.99% p.a. and some cards don't offer interest-free days.
  • Foreign transaction fees. This fee is typically 2-3% of each transaction that's processed overseas or online in a foreign currency.

Beware of the foreign transaction fees charged by other providers. These costs accumulate exponentially for businesses that frequently travel overseas or have subscriptions or other costs charged in foreign currencies. To avoid unnecessary fees and free up cash flow, it's essential to choose a business credit card or expense management platform with no FX fees.

Ryan Edwards-Pritchard

Ryan Edwards-Pritchard
Founder and CEO of Cape

Personal vs business credit card liability: Who is responsible?

You can choose between a business credit card where you are personally responsible for it (known as personal liability) or one where your business is responsible (business liability). Here are the basics of each one:

Personal liability credit cards

  • You're the only person legally responsible for the account
  • Details are added to your credit report
  • Applications rely on personal financial information (but you'll still need an ABN for a business credit card)

Business liability credit cards

  • The business entity is responsible for the account (i.e. all partners in the business)
  • Details are added to the business' credit file
  • Applications require details of the business owners/partners and all business financial details – sometimes they take longer to process as a result

These liability options are important to think about if you're in business with other people, or if you want to protect your personal finances against any potential issues.

How to apply for a business credit card

For a business credit card with personal liability, you'll usually be able to apply online. For cards with business liability or more custom features, you usually need to fill in a contact form and speak to an account manager to apply.


  • Business registrations. You need a valid ABN, ACN or other eligible registration details.
  • Revenue or income requirements. Business cards that list specific criteria typically require at least $75,000 in annual revenue. You'll also need to show proof of your business income and/or individual income for all applications, even if no minimum turnover or income amount is listed.
  • Other business details. This can include your business' annual turnover, monthly spending and other financial details. Some cards also require you to be operating for at least 6 or 12 months.
  • Australian residency status. Most business credit cards are available to permanent Australian residents and citizens. The business may also need to be operating in Australia.

Documents and details

You'll need to include some basic personal and contact information, just as you would with any credit card. This typically includes:

  • Contact details for you and your business
  • A valid form of ID, such as your drivers licence, passport or Medicare details
  • Business details including the industry, years it's been active and the ABN, ACN or other required registrations
  • Business revenue, profits and losses
  • Personal income and expenses, if it's a personal liability business card
  • Your accountant's details
  • Additional cardholder details if you're getting cards for employees
  • Supporting documents, such as tax statements, profit and loss statements or payslips for your own income
How long does it take to get a business credit card?

If you apply for a business credit card with personal liability, you'll usually get the card within 5-10 working days of approval (similar to personal credit cards). Some lenders take 1-3 days to approve business and corporate accounts. This will add a few days unless you get one that offers instant, virtual cards once you're approved.

Corporate credit cards

Corporate cards are similar to business credit cards but offer more customised features to suit larger entities. This usually includes unlimited employee cards, higher credit limits and card controls.

Corporate cards are also set up with business liability, unlike some cards for smaller businesses that offer personal liability. The eligibility requirements can also include a minimum number of years in trading, a minimum annual turnover or incorporated status. And to get a corporate card, you usually need to speak to the provider's business or corporate banking team.

Alternatives to business credit cards

If you have just started a business, don't meet the annual revenue requirements or can't find a card you want right now, here are some other options:

Expense management cards and plans

Expense management cards offer a mix of features similar to business credit card accounts and expense management software like SAP Concur or WebExpenses. They're designed to be an all-in-one solution and often come with virtual cards, expense approval and custom settings.

Business loans

Business loans can offer between $5,000 and $20 million, which is typically repaid over a set amount of time with interest. So they are often suited to specific expenses or goals, rather than ongoing business spending.

Personal credit cards

Personal credit cards are used by some small businesses and sole traders when they don't need a lot of business features for the account (like GST breakdowns). It's possible to use a personal card to separate spending, but all of the liability will be with the account holder.

Business credit cards and markets update for November 2023

  • American Express launches Shop Small campaign:
    The eleventh American Express Shop Small campaign is running between 1 and 30 November, with opportunities for both shoppers and small businesses to benefit. Each small business in the program can win one of ten $10,000 Shop Small Business Grants through the campaign, with 1 entry for every American Express transaction processed in store or online at their business. And people with eligible Amex cards can win a share of 10 million points when they register their card and shop at participating small businesses, with 1 entry for every transaction over $1.
  • Finder Innovation Awards 2023 winners announced:
    Australia's most forward-thinking businesses have been recognised across 15 categories in the Finder Innovation Awards 2023. Now in its eighth year, this awards program covers industries across banking, insurance, telecommunications, retail, social impact and more.
  • Business stats summary:
    The latest data from the Australian Bureau of Statistics (ABS) reported 2,589,873 actively trading businesses in the Australian economy. There was also 35,542 more non-employing businesses (e.g. sole traders). Separate data from the Australian Banking Association (ABA) showed credit in the economy in loans to small businesses across Australia reached $597 billion at the end of August. The ABA has also launched a Financial Assistance Hub, which offers specific resources for different people, including small business owners.

Updated 6 November 2023 by Finder's senior credit card writer, Amy Bradney-George.

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