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Business-oriented functionality

Business card account statements have a level of detail and headings which match the way businesses record expenses in their accounting system. Expenses incurred can also be tracked online, either in…...

Tailored travel insurance cover

The free travel insurance policy accompanying many business cards is designed especially for the needs of business travellers, although it covers personal travel too if it is paid for using the card.…...

Easy access to a line of credit

It can often be easier and quicker to be approved for a business credit card than for a bank loan or overdraft, and it gives you access to a line of credit that your business can draw on as needed. ...

Rewards program points or frequent flyer points

Many business credit cards earn rewards or frequent flyer points (e.g. Qantas Points) on purchases, often at a higher rate than personal credit cards. ...

Tax benefits

If you use a business credit card for your business expenses, rather than a personal card, you might find it easier to justify your business expenses for tax purposes in the event of ATO queries or a…...

Card balance waiver

Some business credit cards waive the card account balance if the primary cardholder dies or suffers a serious illness or accident resulting in loss of income. ...

Special customer service

Business cardholders usually have access to a dedicated customer service team for business cardholders only, making it quicker and easier to have questions answered and problems resolved. ...

Personal liability for unincorporated businesses

Sole traders and partnerships, unlike companies, are personally responsible for debts incurred on their business credit card. If the business runs into trouble and cannot meet its debts, the card iss…...

Fees can be high

Depending on which card you choose, the annual fee for a business card can be quite high. And if you also have a personal credit card, you're going to be paying two annual fees (unless you have …...

Fees for additional cardholders

Business credit cards are more likely than personal cards to charge a fee for supplementary or additional cardholders on the account. ...

Potential for unauthorised use

When you issue additional cards to your employees you need to have strict policies in place to monitor usage and prevent unauthorised purchases. ...

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