Your business can enjoy the flexibility of interest-free days, up to 4 additional cardholders, plus rewards points earning with the Qantas Frequent Flyer program.
The NAB Qantas Business Signature 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 Name | NAB Qantas Business Signature Card |
|---|---|
| Rewards Program | Qantas Frequent Flyer |
| Purchase rate (p.a.) | 18.50% p.a. |
| Annual fee | $295 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. |
| Min credit limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $5,000 |
| Minimum Monthly Repayment | 2.5% of the closing balance or $10, whichever is greater |
| Card Type | Visa |
| Late Payment Fee | $9 |
| 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. | 3% of transaction value |
| Complimentary Travel Insurance | No |
| Available To Temporary Residents | No |
| Joint Application | No |
| Minimum Age | 18 years of age |
|---|---|
| Available to Temporary Residents | No |
| 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 |
| Min Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $5,000 |
| Annual Fee | $295 p.a. |
|---|---|
| Minimum Repayment | 2.5% of the closing balance or $10, whichever is greater |
| Late Payment Fee | $9 |
| Cash Advance Fee | $2.50 or 2% of the transaction amount (whichever is greater) |
| Overseas Cash Advance Fee | $2.50 or 2% of the transaction amount (whichever is greater) |
| 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. | 3% of transaction value |
| Gambling Transactions Allowed | Yes |
| Gambling Transactions Interest Rate | Cash Advance Rate |
| Number of Additional Cardholders | 4 |
| BPAY | Yes |
| Cheque | Yes |
| Direct Debit | Yes |
| Australia Post | Yes |
| Phone Banking | Yes |
| Internet Banking Transfers | Yes |
| In Branch | Yes |
| Yes |
Pros
- You can enjoy up to 44 days on your purchases if you settle the outstanding balance every month.
- Earn 1 Qantas Point per $1.25 spent on purchases.
- This card features 24/7 concierge service.
Cons
- A high annual fee of $295 applies.
| Rewards Program | Qantas Frequent Flyer |
|---|---|
| Rewards Points per $ (VISA/MC) | 0.66 |
| Rewards Points per $ (AMEX) | 0 |
| Rewards Points per $ (VISA/MC) Cap | 33,000 |
| Rewards Points per $ (AMEX) Cap | N/A |
| Points Expiry | Never |
NAB Qantas Business Signature Card review
This is a Visa card and is widely accepted worldwide. Cardholders can enjoy up to 44 interest-free days on business purchases, which exclude cash advances. You can add up to 4 additional cardholders onto your account, plus you can also get access to complimentary liability insurance.
Benefits of the Qantas Business Signature Card
- Rewards. Your NAB Qantas Business Signature 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. Earn 0.66 Qantas Points per $1 spent, capped at 50,000 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.
- Visa privileges. Visa provides an access to exclusive discounts and complimentary gift items at duty-free retailers and shopping centres plus special offers on VIP airport lounge access and travel assistance programs.
Features of the NAB Qantas Business Signature Card
- Rates and fees. This card comes with a purchase rate of 18.5% p.a. and an annual fee of $295.
- 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 to protect you against unauthorised transactions. Please see the NAB insurance policy document to see exactly what's covered and what you're eligible for.
- Global concierge services. If you’re travelling and in need of assistance, you can take advantage of global concierge services any time of the day or night. They can help you with anything from restaurant reservations, event bookings and travel information.
- Secure shopping. When shopping online with your Visa, you have access to Verified by Visa 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 Signature Card
If you’ve compared your options and decided that the NAB Qantas Business Signature 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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With a NAB Qantas business card do you get points for BPAY and ATO payments? Thanks
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
I’ve got a NAB business card and getting QF points for ATO payments
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
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
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
Does this card have uncapped limit on points?
Does this card give you points if you load money onto the card to purchase goods?
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.
Hi id like to get a phone call to apply for this card
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.