The American Express Business Card

The American Express Business Card offers premium business benefits including a rewards program and no pre-determined spending limit.

The American Express Business charge card has a $109 annual fee and gives you the option of earning rewards for your eligible business spending.

It also offers up to 51 days of cash flow in each statement period and no pre-set spending limit.

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Sally McMullen

Last Updated Oct 9, 2020

1.5

Reward points

Per $ spent

$109 p.a.

Annual fee

51 days

Interest free period

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Details

Product Name	American Express Business Card
Rewards program	Membership Rewards Ascent
Purchase rate	0% p.a.
Annual fee	$109
Interest-free period	Up to 51 days on purchases
Card type	American Express
Foreign currency conversion fee	3%

Available to temporary residents	No
Joint application	No

Pros

No pre-set spending limit and up to 51 days extended cash flow
Offers a generous optional rewards program
Ability to add up to 99 Employee Cards
Provides complimentary travel-related policies

Cons

Charges an additional $80 per year to enrol in the rewards program

Rewards program	Membership Rewards Ascent
Bonus points	N/A
Rewards points per $ spent	1.5
Rewards points cap	Uncapped

Annual fee	$109
Minimum monthly repayment	100% of the closing balance outstanding
Foreign currency conversion fee	3%
Additional cardholder fee	$79
Number of additional cardholders	99

Go to American Express's site More info

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

This charge card from American Express gives you the flexibility of 51 days of cash flow for your business spending. While it offers additional cards for employees, there is a yearly cost of $79 per card.

You also have the option of earning Membership Rewards points for your spending, although there is a yearly membership fee of $80. Other features include fraud protection, a 24/7 customer support team and integration with MYOB accounting software.

How to apply

You can apply for the American Express Business Card online in around 10 minutes. Before you get started, make sure you meet the eligibility criteria and have all the required information on hand.

Eligibility criteria

Business Revenue. Your annual business revenue must be at least $75,000.
Valid ABN. This charge card requires your business to have a valid ABN and be registered for GST.

Credit History. You must have a good credit history and no payment defaults.
Residency. Citizens and permanent residents of Australia are eligible to apply.
Age. You must be at least 18 years of age to apply for a credit card.

Required documents

Personal details. You'll need to include details like your full name, email address, contact number, residential address.
Proof of identity. This includes your Australian drivers licence, Medicare card or passport.
Business details. This includes your business name and annual business revenue.
Financial details. You'll be asked to include your business' ABN as well as proof of personal income and business turnover including recent payslips and bank statements.

Go to Amex's site More info

Card benefits

Rewards program. For a $80 annual Membership Rewards fee you can earn 1.5 Membership Rewards points per $1 spent on eligible purchases, as well 1 point per $1 spent with government bodies. You can redeem points for account credit, travel, frequent flyer points, gift cards and other retail items available through the Membership Rewards program.
Frequent flyer benefits and points transfer. Transfer your rewards points to 9 different airline rewards program partners including Virgin Australia Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Emirates Skywards, Etihad Guest and Air New Zealand Airpoints.

Shop Small points offer. Earn extra 3 Membership Rewards Points per $1 spent and support small businesses. Just save the American Express Shop Small offer to your card and spend with participating businesses by 31 March 2022. The offer is valid both in store and online and you can earn a maximum total of 40,000 extra points. Check out Finder's news story on Shop Small for a breakdown of how it works.
Transport accident cover. You will be covered for loss arising while travelling as a passenger, while in a departure or destination terminal, or from exposure. To take advantage of this feature, you must purchase your full fare with your American Express Business Card.
Business trip completion cover. If you cannot complete a business trip because of a serious injury or illness, you can receive up to $10,000 for another person to take your place.
Mobile payment compatibility. You can pay using your American Express Business card with Apple Pay, Samsung Pay and Google Pay.
MYOB data feed. Save time on accounting tasks by setting up a direct feed between your American Express Business card and your MYOB account.

Rates & fees

Annual fee. This charge card has an annual fee of $109 p.a.
Additional cardholders. You can add up to 99 Employee Cards for an additional annual fee of $79 per card.

Extended cash flow. Get up to 51 days to pay for your purchase depending on when you make a purchase, when your statement is issued and whether or not you're carrying a previous balance.

Go to Amex's site More info

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2 Comments

John
February 12, 2015

I have purchased return tickets Sydney to Denpasar for my wife using my American Express Card (Diamond Awards). Is my wife covered by complimentary Amex travel insurance?

finder Customer Care

Jonathan
February 13, 2015

Hi John,

Thanks for your inquiry.

This would depend on the American Express credit card you used to purchase your tickets. Please see our review of the American Express complimentary travel insurance for more information and which cards are included and their inclusions.

Please make sure to read the eligibility criteria, features, and details of the policy, as well as the relevant Product Disclosure Statement of the policy before making a decision and consider whether the product is right for you. If necessary, speak to the insurance brand to verify any details.

Cheers,
Jonathan

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The American Express Business Card