NAB Qantas Business Card – Rates and Fees

Information verified correct on December 5th, 2016

Your business can enjoy the flexibility of interest-free days, additional cardholders, plus unlimited rewards points earning with the Qantas Frequent Flyer program.

The NAB Qantas Business card is designed with business spending in mind, giving you access to quick finance for your business purchases while rewarding you at the same time. The card is linked to the Qantas Frequent Flyer program, through which you’ll earn rewards for whatever you and your additional cardholders spend.

Product NameNAB Qantas Business Card
Rewards ProgramQantas Frequent Flyer
Maximum Balance Transfer Amount70% of the approved credit limit
Purchase rate (p.a.)18.50% p.a.
Annual fee$144 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Minimum Monthly Repayment2.5%
Card TypeVisa
Late Payment Fee$9
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.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
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
Annual Fee$144 p.a.
Minimum Repayment2.5%
Late Payment Fee$9
Cash Advance Fee$2.50 or 2% of the transaction amount (whichever is greater)
Overseas Cash Advance Fee$4
Overseas Emergency Replacement$100
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.
3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • You can enjoy an interest-free period on your purchases up to 44 days if you settle the outstanding balance every month
  • The card allows you to give a card to your employees with individual limits per card

Cons

  • A high annual fee of $144
  • An additional $12 per card monthly fee for the additional card holders.
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ (VISA/MC)0.67
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap67,000
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Compare a range of NAB Credit Cards here

NAB Qantas Business Card review

This is a MasterCard, and so is accepted in over 30 million locations worldwide. Cardholders can enjoy up to 44-days interest-free on business purchases, which exclude cash advances, and you can also add additional cardholders onto your account for a $12 per card monthly fee. The minimum credit limit is and you also get access to complimentary liability insurance.

Benefits of the Qantas Business Card

  • Rewards. Your NAB Qantas Business Card will be linked to the Qantas Frequent Flyer program. By earning Qantas Points, you’ll be able to redeem them for travel-related rewards, vouchers, shopping, merchandise, events, and more. You make the decision as to who is credited with the points earned on your account, giving you the option to use it as an employee incentive, redeem rewards for your business, or even just for personal use.
    You’ll earn 0.67 Qantas Point for every $1 you spend, and these points are at 67,000 per statement period. Keep in mind that whoever you decide to credit the points to, they’ll need to have a Qantas Frequent Flyer membership account.
  • Interest-free days. As already mentioned, you’ll receive up to 44-days interest-free on purchases, which excludes cash advances. This feature is available if you pay back your balance in full every statement period.
  • MasterCard perks. MasterCard gives you exclusive access to a range of experiences through MasterCard Privileges and Priceless Cities.

Features of the NAB Business Card

  • Rates and fees. This card comes with a purchase rate of 18.5% p.a. and a $12 per card monthly fee.
  • Additional cardholders. For each additional cardholder you add to your account, you can set individual credit limits and cash advance access for them. You will also receive monthly statements for each cardholder to assist you with business expenditure and reporting.
  • Complimentary liability insurance. You’ll also receive complimentary liability insurance through QBE insurance.
  • MasterCard Global Services. If you’re travelling and in need of assistance, you can take advantage of MasterCard Global services any time of the day or night.
  • Secure shopping. When shopping online with your MasterCard, you have the option of adding your MasterCard SecureCode for no extra cost to add an extra layer of security to your purchase.
  • Access. You’ll be able to access your account online through NAB Internet Banking or NAB Connect, as well as access your money through ATMs, EFTPOS and NAB phone banking.

How to apply for the NAB Qantas Business Card

If you’ve compared your options and decided that the NAB Qantas Business Card is right for you, you can get the application process started by clicking "Go to site". You’ll need the following information handy:

  • At least two years of your business financial statements
  • Copies of any interim financial figures
  • Copies of personal tax returns for all business partners or directors
  • The value of personal assets and liabilities of all business partners and directors
  • Outstanding balances of any existing business loans or lines of credit.

Once your application is received NAB will notify you within 48 hours to advise you on your application’s process. You’ll be required to sign any necessary consents required by NAB and also complete a Cardholder Establishment Details form, as well as a Director’s Guarantee of your business is a company.

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10 Responses to NAB Qantas Business Card – Rates and Fees

  1. Default Gravatar
    david | June 9, 2015

    With a NAB Qantas business card do you get points for BPAY and ATO payments? Thanks

    • Staff
      sally.mcmullen@hiveempire.com | June 10, 2015

      Hi David,

      Thank you for your question.

      According to the HSBC Qantas Rewards terms and conditions, BPAY is considered an ineligible transaction and, therefore, cannot be claimed for Qantas Frequent Flyer points. The terms and conditions do not explain whether you can earn Frequent Flyer points on ATO payments, so we would suggest contacting the customer service team directly to confirm this.

      You may also wish to visit the How to Pay Your Tax Bill by Credit Card Payment page to compare some of the cards that do allow cardholders to earn points on ATO payments.

      I hope this has helped answer your question.

      Thanks,

      Sally

    • Default Gravatar
      OLDKNEES | June 29, 2015

      I’ve got a NAB business card and getting QF points for ATO payments

    • Staff
      Sally | July 7, 2015

      Hi Oldknees,

      Thanks for your comment.

      As noted in the NAB Qantas Business Card terms and conditions documents, cardholders can not earn points on government charges. You would need to contact NAB directly to confirm whether this included ATO payments. I hope this has helped.

      Thanks,

      Sally

  2. Default Gravatar
    Barny | January 5, 2015

    We are a medium size business, our staff have credit cards for fuel and accommodation. We currently do not have the option to put limit cap on individual cards, we need 12 cards also can the points be directed to an individual card only. Thanks

    • Staff
      Elizabeth | January 5, 2015

      Hi Barny,

      Thanks for your question.

      You’re able to decide which Frequent Flyer account the points are credit to, so it will be possible for the points to be credited to a single account.

      I hope this has helped.

      Thanks,

      Elizabeth

  3. Default Gravatar
    Judith | April 30, 2013

    Does this card have uncapped limit on points?

    Does this card give you points if you load money onto the card to purchase goods?

    • Staff
      Jacob | May 1, 2013

      Hi Judith. Thanks for your question. Yes, you can earn points if you’re making an eligible purchase and your card has a positive balance. This card does not have a cap on points. Jacob.

  4. Default Gravatar
    Rachael | March 18, 2013

    Hi id like to get a phone call to apply for this card

    • Staff
      Jacob | March 19, 2013

      Hi Rachael. We’re a comparison service, if you would like to speak to a lender about a specific product, please contact them directly. We can help you with any questions you have about general product information and comparing credit cards. Thanks.

Credit Cards Comparison

Rates last updated December 5th, 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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