Operate Business Class with a Business Credit Card
A business credit card might be just what your business needs. There are many banks who offer specialised business credit cards. Read on to learn all about these credit cards.
Have you considered using business credit cards for your business? These credit cards are designed specifically for businesses, and can help your business in a number of ways.
Many business credit cards are instant approval credit cards, which means that you do not have to wait around to hear of the outcome and will know instantly whether or not you have been approved. This means you can start using your new credit card sooner. Many banks offer instant approval business credit cards for all kinds of companies, from smaller start-ups to larger established firms.
Benefits of business credit cards
A business credit card can help you to manage your cash flow. If you think about it, a business credit card is like a line of revolving credit. This card allows you to spend money today to meet your expenses – you can repay the card in the following month. This can help in situations where you have to pay for your suppliers and other expenses, but are still waiting to receive payments from your customers and other debtors. Your business credit card can help you maintain everything smoothly, by paying for all your expenses, from suppliers to travel costs to other business expenses.
Most business credit cards offer a much higher credit limit than regular personal credit cards. These cards can also be used by your employees, since it is free to obtain additional cards. These additional cards make it easier for your employees to spend money on behalf of your business.
A business credit card can also be useful for building up your business’ credit rating. This is of particular help if you are planning to apply for a business loan later down the road. This improved credit rating means that you can obtain the loan more easily, and with better terms and conditions.
A business credit card is often linked with a rewards program. This means that you can earn points by spending using your card. These points can then be redeemed for your choice of rewards, from merchandise to shopping vouchers to travel services and more.
A business credit card can also help you to track expenses. This is easy to do by simply looking at your credit card statement. A credit card statement is all you need in order to monitor the spending behaviour of other employees who have access to the business credit card. Using a business credit card can greatly reduce financial monitoring costs.
Read the official terms and conditions
| Minimum Income | $30,000 | Minimum Age | 18 years of age |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $5,000 | Max Credit Limit | $60,000 |
| Annual Fee | $149 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | Purchase Date |
| Late Payment Fee | $40 | Over Limit Fee | $40 |
| Overseas Emergency Replacement | $0 | Overseas ATM Balance check | $0 |
| Overseas ATM Withdrawal | $0 | Foreign Currency Conversion Fee |
| Rewards Points per Dollar | 1.25 Point(s) | Points needed for Syd/Mel Return Flight | 16000 |
| Points needed for $100 Voucher |
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