Unlock the Benefits of Business Credit Cards for Your Organization

Business credit cards can be a game-changer for your organization, offering a range of benefits that can help you manage your finances more effectively and achieve your goals.

One of the biggest advantages of business credit cards is the ability to earn rewards and cashback on your purchases, which can add up to thousands of dollars in savings over time. This can be especially beneficial for businesses that make a lot of purchases, such as travel or office supplies.

Having a business credit card can also help you build credit for your organization, which can be essential for securing loans or other forms of financing in the future. By making timely payments and keeping your credit utilization ratio low, you can demonstrate to lenders that your business is responsible and reliable.

Business credit cards often come with additional perks, such as purchase protection and travel insurance, that can provide peace of mind and protect your business from unexpected expenses.

Managing employee expenses can be a daunting task, but business credit cards can make it a whole lot easier. You can issue employee cards to let your team handle company expenses, which can help streamline employee expense tracking.

Having individual spending limits and being able to track purchases easily can give you peace of mind. Most business credit cards allow an unlimited number of employee cards at no additional charge, and some even offer virtual cards that can be issued instantly and turned off just as fast.

With business credit cards, you can set spending controls to dictate when, where, and how individual employee cards can be used. This can include setting an overall and per-purchase limit, restricting purchases to select categories, or even setting guardrails on the time of day an employee card can be used.

You can also get real-time alerts on employee card use, allowing you to act fast if you spot an unauthorized purchase. This can be especially helpful if you have staff who have travel and entertainment expenses, or who need to make purchases on behalf of the business.

Here are some key features to look for in a business credit card when it comes to managing employee expenses:

By using a business credit card to manage employee expenses, you can simplify your bookkeeping and reduce the risk of errors or unauthorized purchases. This can save you time and money each month, and give you a clear picture of your business spending.

Business credit cards offer rewards and incentives that can help your business grow and thrive. These rewards can be tailored to your business spending, making them more valuable than personal credit card rewards.

You can earn cash back or travel points for business-related spending categories, such as office supplies, business travel, advertising, and software. The Ink Business Cash Credit Card, for example, earns 5% cash back on up to $25,000 a year in spending at office supply stores and on cable, internet, and phone service.

Some business credit cards also offer double or triple points on specific purchases, like gas or Facebook and Google advertising. This can add up to significant rewards over time, helping your business bring in passive income.

NAB Rewards Business Signature Card offers 1.25 points per dollar spent on everyday business purchases, with double points on purchases at selected major department and hardware stores. You can also earn triple points on purchases made with Webjet, when traveling overseas.

The type of rewards you can earn varies depending on your business practices and choice of card. You could earn extra cash back or rewards points for spending in categories like air travel, office supplies, or fuel and fleet.

Some business credit cards come with valuable rewards programs, signup bonuses, and other perks geared specifically for commercial use. For example, the NAB Qantas Business Signature Card earns 1 Qantas Point for every $1.50 you spend on everyday business purchases, including eligible government payments.

Business credit cards offer financial flexibility and security that can be a game-changer for entrepreneurs and small business owners. You can use them to buy supplies or pay vendors before money from your last job comes in, thanks to higher credit limits than personal credit cards.

This flexibility is especially important for managing cash flow during expansion phases or covering unexpected expenses without disrupting operations. A higher credit limit can also improve your personal credit utilization ratio if you keep personal and business expenditures separate.

Business credit cards often have benefits like purchase protection, travel insurance, and more, which can help mitigate unexpected costs. You can also use a 0% APR business credit card to finance startup costs or large purchases, or use a balance transfer business credit card to refinance high-interest debt.

Having a business credit card can give you the financial flexibility to cover unexpected expenses or make large purchases without disrupting your operations. Business credit cards often have higher credit limits than personal credit cards.

You can use a 0% APR business credit card to finance startup costs or large purchases, giving you a temporary reprieve from interest charges. This can be a huge help when you're trying to get your business off the ground.

A higher credit limit can also improve your personal credit utilization ratio if you keep your personal and business expenditures separate, which is crucial in managing your company's financial health.

Online Security and Fraud Protection is a top priority for anyone managing their finances online. Visa Secure reduces online fraud by confirming your identity when making a purchase.

You can rest assured that help is just a phone call away if your credit card goes missing, with our lost and stolen team available 24/7.

If fraud does occur, you'll be reimbursed for the fraudulent transaction if you've operated your account responsibly, thanks to NAB Defence.

There are several types of business credit cards, each offering different benefits and features.

Some cards include cash rewards and travel perks, while others appeal to businesses looking to eliminate annual fees and utilize lower interest rates.

Cash back provides rewards based on eligible purchases, with the amount of cash back varying by spending category.

Business spending can add up to big savings on flights and hotels with travel rewards like airline miles or lodging points.

Loyalty rewards are also available for consolidating your business at a single bank, such as the Truist Business Cash Rewards credit card, which offers a 10% Loyalty Cash Bonus when cash rewards are deposited into an eligible Truist business checking, savings, or money market account.

Lower rates are available for businesses wanting a card that provides the flexibility to extend payments instead of earning rewards, such as the Truist Business credit card.

Consider the card costs, including annual fees, interest rates, and penalties for late payments.

Here are some key factors to consider when choosing a business credit card:

Applying for a business credit card is a straightforward process, and you can even do it online.

To get started, you can check out the NAB Business Card, which allows you to provide employees with their own charge card, with transactions viewable online via NAB Internet Banking or NAB Connect.

You can also learn more about the steps to take to apply for a business card online, which is a great resource to have.

One key benefit of business credit cards is that they let you set spending limits for each cardholder, making it easy to control how the cards are used.

With a business credit card, you'll get detailed monthly statements per cardholder and one for your overall business card facility, which will help with your account reconciliation and tax preparation.

Business credit cards also offer rewards points, making them a great way to earn something back for your business expenses.

You can earn rewards points with our range of business credit cards, which is a great way to save money and boost your business's bottom line.

Here are some benefits of applying for a business credit card online: