NAB Purchasing and Corporate Cards

Last updated:  

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

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

12.65% p.a.

Purchase rate

Details

Product NameNAB Purchasing and Corporate Card
Purchase Rate12.65% p.a.
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)1% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Joint ApplicationNo

Pros

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

Cons

  • Charges a 1% of transaction value foreign transaction fee
Foreign Currency Conversion Fee (Visa/Mastercard)1% of transaction value

Expert review

Amy Bradney-George

Review by


Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

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.

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 non-valid purchase 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.

Ask an expert

To ask a question simply log in via your email or Facebook or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Comments

  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?

    • AvatarStaff
      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.

Ask a question
Go to site