NAB Business Card

Offers up to 35 interest-free days on business purchases and cards for employees, with a $9 monthly fee per card.

The NAB Business Card features benefits for organisations that want to manage expenses under one account. You can set individual credit limits for each additional card linked to the account, which could be useful if your employees have different spending needs. You can also control their spending by blocking cash advance transactions and using card controls to temporarily block cards.

If you’re looking for a revolving line of credit, you might want to consider a business credit card instead. NAB also issues business credit cards linked with rewards programs, boasting low annual fees and more.

Pros

Cons

This card has no promotional interest rates and rewards program which means there's no incentive for spending.

• Our verdict
• Details
  • Product details
  • Eligibility
  • Rewards
  • Fees

  The NAB Business Card is a charge card that is suited to small to medium-sized businesses. It offers a low purchase interest rate and complimentary business liability insurance.
  

  Plus, you can request additional cardholders for colleagues and set individual credit limits to suit their spending needs.

  Details

  Product details

  Purchase rate p.a. Up to 35 days on purchases

  Eligibility

  Available to temporary residents	Yes - Conditions apply
  Joint application	No

  Rewards

  Bonus points

  N/A

  Fees

  Annual fee Foreign currency conversion fee

  How to apply

  You can apply for the NAB Business Card online in 15 to 20 minutes and receive a response instantly. Make sure your business meets the eligibility criteria and that you have the necessary information to complete the application before you get started.

  Eligibility criteria

  • Eligible business. You're a sole trader, a partnership with up to two partners, a company with up to five directors or a trustee of an eligible trust.
  • Annual turnover and ABN. You must have a registered with a valid ABN/ACN, GST and a turnover of at least $75,000 per year.
  • Business purposes. You must intend to use the product wholly or predominantly for business purposes.
  • Existing debt. If you're an existing NAB customer, you need to have less than $1 million in existing NAB business debt.
  • Residency. You must be an Australian citizen or permanent resident to apply.
  • Age. You're at least 18 years of age.

  Required documents

  • Personal details. You'll need to provide personal information for all directors and shareholders.
  • Business information. Include your business ABN or ACN, registered address and tax information.
  • Financial data. You'll also need to be able to provide 12 months of business financial data from your accounting software.

  Card benefits

  • Interest-free days. If you pay your balance in full by the end of the statement period, you can enjoy up to 35 interest-free days on eligible business purchases. Interest-free days don't apply to cash advances, including ATM withdrawals and travellers' cheques.
  • Competitive interest rates. The NAB Business Card charges an interest rate of 15.5% p.a. on purchases and cash advances.
  • Additional cardholders. If your employees need to make purchases, you can request additional cardholders to link to the one account. You can set individual cardholder credit limits and personalise each card with the employee's name.
  • Complimentary business liability insurance. If the account is used for fraudulent transactions, your finances will be protected by NAB's complimentary business liability insurance. The liability insurance indemnity is limited to $20,000 per cardholder and to $150,000 for the business in each policy year. Please see the policy information booklet for the eligibility requirements, exclusions and other terms and conditions.
  • NAB Defence. The NAB Defence logo indicates security and protection against fraud, whether you're using your physical card or a digital wallet.

  Rates & fees

  • Annual fee. You'll pay a $9 monthly fee per card, which totals to $108 p.a. for each card you add to the account.
  • Statements. Each month you'll receive a detailed statement for each cardholder, not just for the total account. This gives you the assurance that you can clearly see which of your employees are making what debits from your business account. This can also make business reporting much easier come tax time.
  • Foreign transaction fee. If you use the card to make transactions overseas or in a foreign currency online, the card charges a 3% foreign transaction fee.
  • Credit limits. The overall facility credit limit minimum is set to $5,000.
  • Accessing your accounts. You can use the NAB Business card wherever Visa is accepted and can track your account through NAB Internet Banking or NAB Connect.
  • Repayments. As a charge card, the closing balance of the account must be paid in full each month.

  Your reviews

  Ask a question

  To ask a question simply log in via your email or create an account. Ask a question Sally Finder Producer Hi there, looking for more information? Ask us a question.
  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

  Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

  This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

  Sally McMullen was a creative content producer at Finder. Sally wrote about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong. See full profile

  More resources on Finder Card types Cards from

  Australia

  • © 2024 finder.com.au
  • Terms of service
  • Privacy & cookies policy
  • Complaints policy
  • Modern slavery statement

  Level 10, 99 York St, Sydney NSW 2000

  Finder acknowledges Aboriginal and Torres Strait Islanders as the traditional custodians of country throughout Australia and their continuing connection to land, waters and community.

  How likely would you be to recommend Finder to a friend or colleague?

  Very Unlikely Extremely Likely

  Thank you for your feedback.

  Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.

  Important information about this website

  Advertiser Disclosure

  finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market. Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.

  How we make money

  We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them. Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options. Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.

  Sorting and Ranking Products

  When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.

  Terms of Service and Privacy Policy

  Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.

  We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.