NAB Purchasing and Corporate Cards

Information verified correct on December 8th, 2016

An easy way to manage and monitor your business expenses.

NAB has been helping Australian businesses conduct their daily operations and achieve their long term goals for over a hundred years and operates branches in countries all over the globe. This means that you can rest assured that NAB is able to accommodate and cater to almost any business model. NAB's selection of company charge cards reflects this.

Product NameNAB Purchasing and Corporate Card
Purchase rate (p.a.)13% p.a.
Card TypeVisa/MasterCard
Late Payment Fee$5
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
1% of transaction value
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0.2% of transaction value
Complimentary Travel Insurance Cover0 months
Available To Temporary ResidentsNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Late Payment Fee$5
Overseas Emergency Replacement$100
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
1% of transaction value
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0.2% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate

The NAB Purchasing and Corporate Card Review

The NAB Purchasing and Corporate Card is specifically designed for medium to large businesses that require an account that allows for more than 50 individual cardholders. If your business requires fewer cardholders, please view our other card options to find one that suits you.

This is a flexible company charge card and a cost effective solution for businesses, allowing you to set individual credit limits for employees, give you visibility of expenses being charged to the account by your employees, and can easily be integrated into your existing finance systems. The NAB Purchasing and Corporate Charge Card even comes with complimentary liability insurance to protect your business funds.

Because this is a charge card, the entire outstanding balance on the account must be paid in full by direct debit each month.

Comparing Business Credit Cards

Rates last updated December 8th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Commonwealth Bank Business Interest-Free Days Credit Card
Take advantage of $0 annual fee for the first year and receive $250 cash back (spend $500 by 31 March 2017).
17.57% p.a. $0 p.a. annual fee for the first year ($60 p.a. thereafter) Go to site More info
Commonwealth Bank Business Platinum Awards Credit Card
Earn up to 3 Awards points per dollar spent and enjoy a range complimentary insurances.
20.74% p.a. $300 p.a. Go to site More info
American Express Platinum Business Card
Receive 100,000 bonus points, earn up to 2 Membership Rewards points for every dollar spent, complimentary insurances and access to 800 VIP Lounges in 100 countries.
$1,500 p.a. Go to site More info
American Express Business Card
One of the original charge cards from American Express that offers complimentary insurances including purchase protection and accident cover.
$109 p.a. Go to site More info
American Express Gold Business Card
Receive 10,000 bonus points on signup and earn 1 Membership Rewards points per $1 spent with uncapped earnings.
$169 p.a. Go to site More info
American Express Velocity Business Card
A truly dedicated business rewards credit card. Download all your card expenses in a format readable by Quicken, MYOB, Microsoft Excel and more.
$249 p.a. Go to site More info

Features and Benefits

    • Interest payable. The NAB Purchasing and Corporate Cards have no interest applicable for valid purchases made using any of the account’s cards. For non-valid purchase transactions, the interest rate is charged at 13% p.a.
    • Statements. You can opt to receive daily transactional data, making it easier to view day by day the expenses that your employees are charging to the company. Paper statements are also available, as well as access to NAB's online card management system and detailed monthly statements with a cardholder summary so you can see exactly who is spending what and where.
    • Liability insurance. The NAB Purchasing and Corporate Card also comes with complimentary liability insurance. The liability insurance attached to your NAB Purchasing and Corporate Card protects your company in the event 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 in each policy year.
    • Credit limits. The NAB Purchasing and Corporate Card is specifically designed to give the company full control over credit limits for each card. As such, the NAB Purchasing and Corporate Card doesn’t have either minimum or maximum set credit limits to individual cardholders or to the facility. You get to specify the credit limit for both the overall facility and for each separate individual.
    • Individual cardholder credit limits. Chances are that with fifty or more cardholders, your business will have cardholders with different credit limits. After all, an employee responsible for organising morning tea won't require the same credit limits as the employee who is required to fly interstate once a month and their credit limit requirements will be different again to the employee responsible for making last minute purchases. You get to set the individual credit limits you want for each cardholder.
    • Visa or Mastercard. The NAB Purchasing and Corporate Card can be taken in either Visa or Mastercard options, further tailoring the card to your preference and needs.
    • Personalised cards. Your business stationery, company vehicles, business shirts, business cards, and just about everything associated with your business can be tailored to display your business name, so why not your company charge card? The NAB Purchasing and Business Card can be personalised to show your business name on the cards.
    • Accessing the account. The NAB Purchasing and Corporate Card can be used from any one of our many ATMs. With over 3,400 ATMs Australia-wide, your employees should have no trouble using their NAB Purchasing and Corporate Cards.
    • Management of expenses. With NAB's very own cutting edge expense management system, FlexiPurchase, the NAB Purchasing and Corporate Card can offer you a significant reduction in the cost of transactions and gives you greater management control. FlexiPurchase is an innovative and intuitive system that also provides you with data highlighting of the spending patterns of your employee cardholders and flexible data analysis.FlexiPurchase can easily integrate into your existing finance systems and has built in management of GST and Fringe Benefit Tax (FBT) requirements. FlexiPurchase offers a higher level of compliance with travel and expense policies better suited to business travel, interaction reporting, comprehensive statements and for your convenience, the transaction data is available 24 hours a day, 7 days a week. With FlexiPurchase, the NAB Purchasing and Corporate Card offers control for businesses who require a large number of employee to have access to company funds.

How to apply for the NAB Purchasing and Corporate Card

To apply today for your NAB Purchasing and Corporate Card, you’ll need to complete a short online form. This involves entering your name and contact information, as well as a little information about your business and the number of employees or cards you believe you might need. As mentioned, you’ll also be asked if you have a preference of Visa or MasterCard for your account.

One of the friendly NAB Commercial Cards consultants will contact you shortly after you have submitted the online form to discuss your business banking needs further.

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2 Responses to NAB Purchasing and Corporate Cards

  1. Default Gravatar
    MJ | July 1, 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?

    • Staff
      Jacob | July 2, 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.

Credit Cards Comparison

Rates last updated December 8th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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