NAB Rewards Business Signature

Collect 100,000 bonus NAB Rewards Points and keep track of expenses with the NAB Rewards Business Signature credit card.

Apply for the NAB Rewards Business Signature credit card and spend $4,000 on everyday business purchases within the first 60 days to enjoy this bonus point offer.

This card also offers uncapped points per $1 spent, additional cards for employees, detailed monthly statements and account summaries, plus fast applications if you have at least 12 months of financial data in MYOB or Xero.

Amy Bradney-George

Last Updated Jul 17, 2020

100,000

Bonus points

18.5% p.a.

Purchase rate

1.25

Reward points

Per $ spent

$175 p.a.

Annual fee

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Details

Product Name	NAB Rewards Business Signature Card
Rewards program	NAB Rewards
Purchase rate	18.5% p.a.
Annual fee	$175
Interest-free period	Up to 44 days on purchases
Cash advance rate	21.74% p.a.
Min credit limit	$5,000
Max credit limit	$50,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	No
Joint application	Yes

Pros

100,000 bonus points when you spend $4,000 on everyday business purchases in the first 60 days of account opening
Uncapped earn rate of 1.25 NAB Rewards Points per $1 spent
Access to Visa Premium benefits and 24/7 concierge service

Cons

$175 annual fee is relatively high
Does not offer overseas travel insurance covers or lounge passes

Rewards program	NAB Rewards
Bonus points	100,000
Rewards points per $ spent	1.25
Rewards points cap	Uncapped

Annual fee	$175
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Overseas cash advance fee	2% or $2.50, whichever is greater
Additional cardholder fee	$175

Go to NAB's site More info

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The NAB Rewards Business Signature credit card combines a flexible rewards program with business account features – including additional cards for employees. You can set different spending limits for each card, with detailed monthly statements, although you’ll also need to factor in an annual fee of $175 per card.

Everyday business spending on any card linked to the account will earn 1.25 points per $1, which you can redeem for rewards such as travel, gift cards or frequent flyer points with Velocity, Asia Miles, Singapore Airlines KrisFlyer Miles or Air New Zealand Airpoints. This business credit card also offers commercial unauthorised transaction insurance, transport accident insurance and a 24/7 personal concierge service you could use to save time on booking flights, accommodation, entertainment events or even for restaurant reservations if you’re wining and dining with clients.

How to apply

You can apply for the NAB Rewards Business Signature online. If you have a MYOB or Xero account, you can use your login details to connect securely to the application and save time uploading the required business documentation. Before you apply, make sure you meet the eligibility criteria and have all the other required information and documents on hand.

Eligibility criteria

Business structure. You can apply for this card if you’re a sole trader, someone in a partnership with up to two other partners, or a director of a company with up to five directors.
Business requirements. Your business must be registered for GST, have a valid ABN/ACN and have an annual turnover of at least $75,000 to apply for this account.

New customer. To be eligible for the bonus points offer, you must apply for a new NAB Rewards Business Signature card and not have held a NAB business card within the last 12 months.
Age and residency requirements. You must be at least 18 years of age and an Australian citizen or permanent resident.

Required documents

Business details. This includes your ABN or ACN, registered business address and tax information.
Personal identification. Whether you’re applying for the card as a sole trader, or on behalf of a larger company, you’ll need to provide basic details including your full name, date of birth and identification such as your driver’s licence or passport. Personal details are also required for all directors and shareholders (when applicable).
Financial details. You'll need to provide current copies of your business transaction history, profit and loss sheet and balance sheet. If you use Xero or MYOB Essentials, you'll be able to provide this information quickly and securely by following the prompts to log in to your account. Otherwise, you can upload the relevant details from another source.

Go to NAB's site More info

Card benefits

Introductory 100,000 bonus point offer. You will earn 100,000 bonus points when you apply and are approved for the NAB Rewards Business Signature, then spend $4,000 on eligible business purchases within the first 60 days of account opening. The bonus points will be added to your account balance within 3 months of meeting the spend criteria.
Rewards. The points earned through this account are credited to a single NAB Rewards balance, which you can then use to reward yourself or your employees. Rewards available through the NAB Rewards program include travel with Webjet, merchandise, gift cards and frequent flyer points with Velocity, Asia Miles, Singapore Airlines KrisFlyer Miles or Air New Zealand Airpoints. You also have the flexibility to transfer them to another business or personal NAB Rewards account.

Cards for employees. You can request individual cards and credit limits for your employees, while managing all your account spending under a single credit facility.
Detailed statements. Track expenses with detailed monthly statements for each card, as well as an overall account summary.
Personal concierge service. Get access to a 24/7 global concierge service that can help you with travel and lifestyle services including restaurant reservations, event bookings, cultural events and more.
Visa retail and travel offers for businesses. Enjoy exclusive privileges such as savings on car rentals, accommodation bookings, special offers on VIP airport lounge access and exclusive retail discounts available through Visa Premium.
Complimentary insurance. This card gives you access to NAB Commercial Cards Unauthorised Transaction Insurance and transport accident insurance. Eligibility requirements apply for these insurance covers, so please refer to the policy booklets for detailed information.
Mobile payment compatibility. You can link your NAB credit card with Samsung Pay, Google Pay and Apple Pay, Fitbit Pay or Garmin Pay to make contactless payments using your qualifying device at the checkout.

Rates & fees

Annual fee. This account charges an annual fee of $175 per card. So, if you only had one card for yourself, you would pay $175 p.a. If you had a total of 3 cards (1 for you and 2 for employees), the annual fees would total to $525, and so on.
Purchase rate. The NAB Rewards Business Signature charges a variable purchase rate of 18.5% p.a.

Interest-free days. If you pay your account balance in full by the due date on each statement, you'll can get up to 44 days interest-free on business purchases.
Foreign transaction fees. This card charges a currency conversion rate worth 3% of the total transaction when you make purchases overseas or online with a retailer that's based overseas.
Cash advances. This card charges a cash advance interest rate of 21.74% p.a. Note that the cash advance rate applies to transactions including withdrawing money from ATMs or at the checkout, buying foreign currency and gambling or gaming. You'll also pay a fee of 2% or $2.50, whichever is greater.

Go to NAB's site More info

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2 Comments

Sue
March 7, 2019

First time getting a business credit card and the sole purpose is for points, flights or gift cards. How does it work if we were to spend $100,000 per month? How many points do I get for that spend in that 1 month and what does that amount of point equal and buy? Can points be transferred to a family member?

finder Customer Care

Joshua
March 7, 2019

Hi Sue,

Thanks for getting in touch with Finder. I hope all is well with you. 😃

If you are asking about the NAB Rewards Business Signature credit card, its rewards points per $1 spent on eligible business purchases are 1.25. Thus, for $100,000 spent, you would earn 125,000 points. Moreover, if you get approved for the NAB Rewards Business Signature and spend $4,000 on eligible business purchases within the first 60 days of account opening, you would also earn 100,000 bonus points.

Now, the value of your NAB rewards points would depend on which offer or gift you want to redeem. To give you an example, 3 NAB Rewards is equivalent to 1.5 Velocity Points; 3 NAB Rewards is equal to 1 Asia Mile, and 3 NAB Rewards is equal to 0.015 Air New Zealand Airpoints.

That’s just for flights. The value of NAB Rewards points would also differ for gift cards, NAB Rewards store, and other items. To learn more, you can read our guide on ways to spend 50,000 NAB Rewards. On that page, you will learn how you can get the most value from your hard-earned NAB Rewards points.

According to NAB’s website, for this card, you can only transfer your points to another related body corporate or another person who holds a personal rewards card account. To transfer points, you may call NAB’s customer support.

I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

Have a wonderful day!

Cheers,
Joshua

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