In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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NAB Business Card

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NAB Business Card
Terms and conditions apply
Purchase rate
15.5% p.a.
Annual fee
$108 p.a.
Interest-free on purchases
Up to 35 days

Our verdict

Offers up to 35 interest-free days on business purchases and cards for employees, with a $9 monthly fee per card.

The NAB Business Card features benefits for organisations that want to manage expenses under one account. You can set individual credit limits for each additional card linked to the account, which could be useful if your employees have different spending needs. You can also control their spending by blocking cash advance transactions and using card controls to temporarily block cards.

Pros

  • 15.5% p.a. interest rate on purchases
  • 35 days interest-free on business purchases
  • Complimentary business liability insurance

Cons

  • This card has no promotional interest rates and rewards program which means there's no incentive for spending.

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The NAB Business Card is a charge card that is suited to small to medium-sized businesses. It offers a low purchase interest rate and complimentary business liability insurance.

Details

Product details

Product Name NAB Business Card
Purchase rate p.a. 15.5%
Interest-free period Up to 35 days on purchases
Cash advance rate p.a. 15.5%
Min credit limit $5,000
Card type Visa

Eligibility

Available to temporary residents Yes - Conditions apply
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee $108
Late payment fee $15
Foreign currency conversion fee 3%

How to apply

You can apply for the NAB Business Card online in 15 to 20 minutes and receive a response instantly. Make sure your business meets the eligibility criteria and that you have the necessary information to complete the application before you get started.

Eligibility criteria

  • Eligible business. You're a sole trader, a partnership with up to two partners, a company with up to five directors or a trustee of an eligible trust.
  • Annual turnover and ABN. You must have a registered with a valid ABN/ACN, GST and a turnover of at least $75,000 per year.

Card benefits

  • Interest-free days. If you pay your balance in full by the end of the statement period, you can enjoy up to 35 interest-free days on eligible business purchases. Interest-free days don't apply to cash advances, including ATM withdrawals and travellers' cheques.
  • Competitive interest rates. The NAB Business Card charges an interest rate of 15.5% p.a. on purchases and cash advances.

Rates & fees

  • Annual fee. You'll pay a $9 monthly fee per card, which totals to $108 p.a. for each card you add to the account.
  • Statements. Each month you'll receive a detailed statement for each cardholder, not just for the total account. This gives you the assurance that you can clearly see which of your employees are making what debits from your business account. This can also make business reporting much easier come tax time.

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Sally Finder

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