Best Australian Business Credit Cards
April 14th, 2010
The best business credit cards should offer business owners the convenience of being able to pay for the things they need quickly and easily. Yet they should also offer a measure of safety.
Featured Credit Card
With the Citibank CitiBusiness credit card, you will receive benefits such as Complimentary Business Concierge, and a rewards scheme where you will earn 1.25 points for every dollar spent.
- $149(half-price annual fee in the first year) annual fee
- 0% p.a. for 4 months (reverts to 20.74% p.a.) on purchases
- 0% p.a. for 4 months on balance transfers
- Cash Advance Rate of 21.49% p.a.
- 55 days interest free
A business credit card is not the same as a personal credit card, although they will function in the same way. Many lenders may request evidence of an ABN registration and should be issued to the company instead of and individual.
You may also find that some lenders will provide business credit card holders extra features, such as discounts on banking or free insurance cover.
Perhaps the biggest benefit to searching for the best business credit cards is the convenience of being able to track your expenditure easily, as you’ll receive an itemised bill each month.
Top 2 Best Business Credit Cards
1. Citibank CitiBusiness Gold Credit Card
The Citibank CitiBusiness Gold credit card makes the listing for best business credit cards as it offers business owners the opportunity to earn 1.25 reward points for every $1 spent on purchases. Reward points are redeemable for frequent flyer points, as well as other reward options and your points won’t expire. Card holders are also eligible to receive complimentary International Travel Insurance and Business Concierge service.
If you have an existing business credit card with another lender with an unmanageable outstanding balance, you can benefit from transferring your balance over toCitibank
and being charged only 2.99% interest for 9 months. This can help with business cash flow by reducing the amount of interest paid on outstanding debts and help to reduce the balance quickly.2. American Express Gold Business
The American Express Gold Business credit card also makes the listing for best business credit cards as it allows business owners to download card account details directly into Quicken, Microsoft Money or MYOB to help with ease of preparing BAS statements. You can order supplementary cards for your employees, which helps you to keep control of your expenses each month.
Take advantage of the 51 interest free days on purchases and know that your account has no spending limit set, which allows you to enjoy flexible financial control of your business cash flow.
Business owners can also access the Membership Rewards program. You earn 1 point for every $1 spent and your points won’t expire.
When you’re searching for the best business credit cards, remember they should offer you flexibility, convenience and safety designed to make your business banking easier.
Editors Choice: Featured Credit Card Deals
| Interest Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual fee | Cash Advance Rate (p.a.) | ||
|---|---|---|---|---|---|
 Westpac 55 Day Credit Card | 0% for 5 months (reverts to 19.59% ) | 3.99% for 6 months | $0 | 21.49% |
|
 Citibank Clear Platinum Card | 11.99% | 2.9% for 12 months | $99 | 21.74% |
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