NAB Rewards Business Platinum Card

Earn NAB Rewards Points on business expenses with the NAB Rewards Business Platinum Card.

Important information

The NAB Rewards Business Platinum Credit Card is no longer available for new applications. However, we’ve kept the information online for the benefit of existing customers and for those who are interested. You can compare the current range of NAB credit cards here.

The NAB Rewards Business Platinum Card is designed to suit the spending needs of small-to-medium businesses. It offers up to 1,000 cards per facility, with customised spending limits available. It also earns points for every $1 spent on eligible purchases.

NAB Rewards Business Platinum Card review

This platinum business credit card is designed to simplify business spending and provide value through the NAB Rewards program. It offers 1 point per $1 spent on everyday business purchases, 2 points per $1 spent on purchases made in major department and hardware stores (including Myer, David Jones and Bunnings) and 3 points per $1 for spending with Webjet, when travelling overseas or on overseas purchases made in Australia.

Eligible spending includes most business purchases but there are some exclusions, including cash advance transactions, interest charges and fees and government charges, including ATO payments made with this card. Refer to the NAB Rewards website for full terms and conditions around eligible purchases. Points can be redeemed for a wide range of rewards, including travel with Webjet, merchandise, gift cards and frequent flyer points for Velocity, Cathay Pacific/Asia Miles or Air New Zealand Airpoints.

In addition to rewards, the NAB Rewards Business Platinum offers complimentary unauthorised transaction insurance, transport accident insurance, statement customisation and up to 44 days interest-free on business purchases. It has a standard variable purchase rate of 18.5% p.a. and an annual fee of $175.

Benefits of the NAB Rewards Business Platinum Card

These are the major highlights of the NAB Rewards Business Platinum Card:

  • Rewards program. This card provides membership to the NAB Rewards program and allows you to earn points per $1 spent on eligible business purchases. The “Points Booster” offers double points for spending with major department and hardware stores such as Myer, David Jones and Bunnings or triple points for spending when overseas, shopping online with international retailers or paying for Webjet bookings (excludes Jetstar, AirAsia and Scoot). When you have earned enough points, you can redeem them for a range of rewards including travel with Webjet, frequent flyer points, merchandise, experiences and cashback.
  • Frequent flyer rewards. If you want to earn more frequent flyer points, this program allows you to transfer a minimum of 3,000 NAB Rewards points for 1,500 Velocity Points, 1,000 Asia Miles or $15 Air New Zealand Airpoints Dollars. To simplify the transfer rates, this means you get 1.5 Velocity Points, 1 Asia Mile or $0.015 Airpoints Dollars for every 3 NAB Rewards points.
  • Additional business credit cards. With this account, you can request additional cards for you and your employees. You’re able to set individual credit limits for each card and can organise monthly statements based on individual and overall account spending. These features can help streamline expenses and cash flow for your business.
  • Complimentary insurance. The NAB Rewards Business Platinum Card offers complimentary insurance for unauthorised transactions made by cardholders. It also offers transit accident insurance for specific injuries you may sustain as the result of an accident when you’re a passenger on an authorised business trip.
  • Visa benefits. This Visa credit card can be used in-store, online or over-the-phone anywhere Visa is accepted around the world. Other benefits include contactless payments through Visa payWave, pre-sale ticket offers through Visa Front Line Access and enhanced security when shopping online with Verified by Visa.

Features of the NAB Rewards Business Platinum Card

If you’re interested in getting this card for your business, make sure you take note of the following:

  • Annual fee. A standard annual fee of $175 applies for each card that’s linked to the account. Make sure you factor this cost into your comparison if you plan on requesting additional cards for your employees.
  • Purchase rate. The standard variable purchase rate for the NAB Rewards Business Platinum Card is 18.5% p.a.
  • Interest-free days. If you pay your account in full by the due date on each statement, you can get up to 44 days interest-free on eligible business purchases. This offer excludes cash advances, including bills paid over the counter at a bank, financial institution or post office, purchases of traveller’s cheques and transactions for gambling or gaming-related purposes.
  • Cash advance rate. If you use your card to get cash out or for another type of cash advance transaction, a standard variable interest rate of 21.74% p.a. applies from the date the transaction is made.
  • Cash advance fee. A fee of 2% or $2.50, whichever is greater, applies for each cash advance transaction made.
  • Minimum credit limit. This card has a minimum credit limit of $5,000 for the facility. Note that individual cards linked to the account must have a credit limit of at least $1,000 each.
  • International transaction fee. A fee of 3% applies per transaction made overseas or online in a foreign currency.

The NAB Rewards Business Platinum Card provides some convenient features for managing business spending and offers between 1 and 3 points per $1 spent on eligible purchases. With a standard variable purchase rate of 18.5% p.a. and an annual fee of $175 per card, it’s worth comparing this account to other business products so that you can find a credit card that suits your needs.

Back to top
Was this content helpful to you? No  Yes

Related Posts

Qantas Premier Platinum
Qantas Premier Platinum

Interest rate

19.99

Annual fee

299
St.George Vertigo Platinum - Online Offer
St.George Vertigo Platinum - Online Offer

Interest rate

12.74

Annual fee

99
Bankwest Breeze Classic Mastercard
Bankwest Breeze Classic Mastercard

Interest rate

12.99

Annual fee

79

Ask an Expert

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, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

2 Responses

  1. Default Gravatar
    stanJune 21, 2017

    I want to apply for a business credit card where the two directors of the same company can each transfer reward points to each own account. Can NAB allow this?

    • Default Gravatar
      JonathanJune 21, 2017

      Hi Stan!

      Thanks for the inquiry.

      Kindly refer to this part of the NAB Rewards Terms and Conditions:

      12.1 This describes the circumstances in which you can transfer points from the points balance applicable to your business rewards card account. If you earn points using a business rewards card account, you may Call Us to transfer points from your points balance to either:
      (i) the points balance of another related body corporate; or
      (ii) the points balance of another person who holds a personal rewards card account.

      12.2 At the time you make the request you will be required to provide the full name and address details of the recipient of the points. When we process the transfer:
      (i) both you and the recipient of the points must have an open and active rewards card account when the transfer is made. The transfer cannot be reversed or cancelled by either you or the recipient of the points;
      (ii) points which have been transferred to the recipient’s points balance retain their expiry period. This recipient of the points will be advised on their monthly card statement when the transferred points will expire; and
      (iii) you must not require or receive any consideration (in the form of a payment or otherwise) for any transfer of points to anyone else.

      The transfer of points may have tax implications. NAB recommends you and the recipient of the points check with an accountant or tax adviser for further information.

      Hope this helps.

      Cheers,
      Jonathan

Ask a question