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Any business with an Australian Business Number (ABN) can apply for a business credit card. In the case of a sole trader, the individual ABN holder will apply for the card. Fora company small busines…...

Varying card issuers: Just as with personal cards, a business card can be a Visa, Mastercard, American Express or Diners Club card. However, American Express has the largest choice of business cards …...

In many ways, business cards function identically to personal credit cards, allowing users to make purchases including online and over the telephone, make withdrawals at ATMs and buy foreign currency…...

Depending on your business structure, the card provider will require a specific liability arrangement: Individual liability for a sole trader.The sole trader is personally responsible for repayment o…...

Where cards are issued to the employees of a business, it is normal for each card to be assigned a fixed limit which will usually be much lower than the global account limit. E.g. total account limit…...

Most business cards cards offer special financial tools to help with expense tracking, budgeting, accounting and taxation. Online access means that most transactions will be visible shortly after the…...

A business credit card, just like a personal credit card, provides access to a revolving line of credit. This means that the business can use a credit facility up to an agreed amount. At the end of t…...

You can, of course, use a personal credit card for your business expenses, especially if you are a sole trader. But this will make your accounting system more complicated. You will need to separate y…...

You can be anything from a sole trader to a small business with several employees, or a larger business with up to 99 staff members requiring supplementary cards. You will need to check the number of…...

Credit cards and charge cards for small businesses are normally issued in the name of the principal – the business owner. Where the business is incorporated, liability for repayments may be shared be…...

It’s entirely up to you. Even though you may issue supplementary cards to employees, they should only be using them for expenses related to your business, not for personal use. (You will need to have…...

To be successfully approved for a business credit card, you need to have a good credit rating. Once a year you should request a free report from one of the Australian credit bureaux (Equifax, Experia…...

For an individual or joint and several liability card, you need to be over 18 years of age, be a resident or citizen of Australia, have a good credit history and earn above a certain annual income th…...