NAB Business Access Card

Information verified correct on September 28th, 2016

If you have a small or medium business there’s a card that can help you better manage your cash flow.

This credit card from NAB can help you keep your business’ purchases and financing under control, all for a minimal cost. The NAB Business Access Card offers you a low annual card fee of $60 plus competitive interest rates. Individual credit limits differ, but you will be given a minimum of $5,000. It also allows you to personalise your card with your business name for a professional feel.

Product NameNAB Business Access Card
Purchase rate (p.a.)13.25% p.a.
Annual fee$60 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)13.25% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Card TypeVisa/MasterCard
Late Payment Fee$9
Foreign Currency Conversion Fee (VISA)3% of transaction value
Foreign Currency Conversion Fee (MC)3% of transaction value
Complimentary Travel Insurance Cover0 months
Available To Temporary ResidentsNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Annual Fee$60 p.a.
Late Payment Fee$9
Cash Advance Fee$2.50 or 2% of the transaction amount (whichever is greater)
Overseas Cash Advance Fee$4
Overseas Emergency Replacement$100
Foreign Currency Conversion Fee (VISA)3% of transaction value
Foreign Currency Conversion Fee (MC)3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate

NAB Business Access Card Review

This is one of a string of cards you can get from the National Australian Bank. Others include the NAB Qantas Business card and the Velocity NAB Business Velocity American Express card. It also offers a range of charge cards, which are an option if you prefer to pay off your credit every month. The charge card range includes the NAB Business card and the NAB Purchasing and Corporate cards. The bank also issues the NAB Business Payments card, which you can use to make payments wherever Visa is accepted.

This business card can be used to good effect if you have a small or medium business. The bank supplies a detailed monthly statement, including a convenient summary table providing details of your total facility.

In addition, the card gives you the ability to attach a number of cards to a single account, helping you to delegate financial tasks to other people in the business.

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Features of the NAB Business Access Card

  • Annual fee. The card offers you a competitive annual fee of $60.
  • Interest rates. NAB lists its rates as competitive, but the actual information is not freely available and the bank advises that you check this with your business banker.
  • Ease of access. The card is available as either a Visa or MasterCard, with both types being accepted at millions of locations worldwide. It can be used to make transactions online, over the phone or in person, wherever you know Visa or Mastercard is accepted. You can also make purchases at ATMs, EFTPOS, and through NAB telephone banking, which is available 24 hours a day, 7 days a week. You can easily view transactions online through NAB Internet banking.
  • Credit limits. Your credit limit is personalised, with the minimum available limit being $5,000.
  • Personalised card. This card allows you to add your business name to the card.
  • Additional cards. You can choose to attach additional cardholders to the one account to facilitate business activity.
  • Complimentary insurance policies: Liability insurance. Your card will qualify for complimentary liability insurance, which is issued by Chubb Insurance Company of Australia Ltd.
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How to apply for the NAB Business Access Card

Applications can be done conveniently online, but you should check that you satisfy the following requirements before doing so.

Application Criteria:

  • Age. As with most financial transactions, you will need to be at least 18 years old.
  • Credit rating. You must have a good credit rating to qualify.

In addition to these requirements, you must also be prepared to provide the following details:

  • Financial records. You will need copies of your business financial statements for at least two years, copies of any interim business financial figures, and copies of personal taxation returns for all business partners or directors. In addition, you will need to provide the current value of any personal assets and liabilities of all business partners and directors, as well as balances of any existing business loans or lines of credit.
  • Application forms. Once you have submitted your application, you will also be required to sign the necessary consents and complete a cardholder establishment details form. If your business is a company, a director’s guarantee may also be required.

No matter what the size of your business, the NAB Business Access Card might be able to help you make the transactions you need to, and manage your business’ general financials.

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