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 Purchasing and Corporate Cards

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NAB Purchasing and Corporate Card
Terms and conditions apply
Purchase rate
12.65% p.a.

Our verdict

Manage your business spending with cards for employees, customisable spending limits and expense management tools.

NAB Purchasing and Corporate Cards is a customisable charge card facility designed for larger businesses that need more than 50 cards. This account gives you access to customisable features that range from individual card spending limits right through to a custom design for your cards. You’ll also get access to complimentary commercial card unauthorised transaction insurance that protects you against employees that use a card linked to the account for unauthorised transactions.

Pros

  • Low interest rate of 12.65% p.a. on purchases
  • Complimentary business liability insurance

Cons

  • Charges a 1% foreign transaction fee

In this guide

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

NAB Purchasing and Corporate card accounts offer a range of features you can customise based on the needs of your business.

Details

Product details

Product Name NAB Purchasing and Corporate Card
Purchase rate p.a.
12.65%
Interest-free period
Card type Visa

Eligibility

Available to temporary residents Yes - Conditions apply
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee
Foreign currency conversion fee
1%

How to apply

You can apply for the NAB Purchasing and Corporate Card facility by filling out a short online enquiry form with basic personal and business details. This includes your name, email address and contact information, as well as the organisation's address, industry and number of employees.

A NAB Commercial Cards consultant will contact you shortly after you have submitted the online form to discuss your business banking needs further.


Card benefits

  • Unauthorised transaction insurance. The NAB Purchasing and Corporate Card offers complimentary insurance to protect the business if an employee makes an unauthorised transaction and charges it to the company card. The indemnity on this liability insurance is limited to $20,000 for each cardholder and up to $150,000 for the business per 12-month period.
  • Custom card design. You have the option of getting a custom design printed on the card, such as the logo for your business.

Rates & fees

  • Interest payable. NAB Purchasing and Corporate Cards have no interest applicable for valid purchases made using any of the account's cards. For cash advance transactions, the interest rate is charged at 12.65% p.a.
  • Minimum number of cards. This account is designed for businesses that want more than 50 cards attached to the facility.

Your reviews

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Ask a question

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Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

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Avatar

MJ

July 01, 2013

My employer is forcing me to have a Corporate Purchasing Card with my name on the card, but linked to their account. They are refusing to provide me with a copy of the contract to check if there is joint liability. When I asked for a letter stating I was not liable for the card, I was told I had been provided with sufficient information and to just sign the application.

1.How do I find out if I can be held liable for payments?

2.How do I find out if the card limit will be added to my personal debt when making personal loan applications?


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Jacob Finder

July 01, 2013

Hi MJ. Thanks for your questions.

1) The NAB Purchasing and Corporate Card offers liability insurance which protects the account holder from unauthorised transactions by their employees – this lead me to think that the account holder is liable for card spending.

2) If you’re an additional or supplementary cardholder, this should not affect credit applications in your own name.

The best way to check on all this is to call the provider directly. And you’re within your rights to request all documentation before you sign anything.

I hope this helps.

Jacob.


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