Best business credit cards with rewards in Australia
Business credit cards with rewards can be valuable for Australian businesses, offering ways to earn as you spend. Some cards might give you rewards to trade for gift cards or cash back, and others can offer airmiles to use against your next flight or upgrade. As fees apply to all business credit cards, choosing the right card based on business spending patterns is important, to make sure you get the biggest bang for your buck. This guide helps you compare options to find the best solution for your business needs.
We’ll also briefly introduce Wise and Revolut as an alternative solution for international business spending. It’s important to note that Wise and Revolut are not banks but financial companies. They offer debit cards, not credit cards, which means you cannot borrow money but must have funds available in your account to spend. Despite this difference, they can be an excellent addition to your financial toolkit for managing overseas spending with low costs and great rates.
Simple overview list of business reward credit cards
- NAB Rewards Business Signature Card: Points-based rewards card to earn rewards you can redeem against flights, hotels, gift cards and travel
- Westpac Altitude Business Platinum Mastercard: Cash back rewards card that lets you redeem rewards against previous purchases, to get credit on your next bill
- The American Express Qantas Business Rewards Card: Airline rewards card with Qantas benefits offering up to 99 employee cards for your team
- CommBank Business Awards Credit Card: Points-based rewards card with extra cash back features through CommBank Yello Cashback Offers
- ANZ Business Black Card: Points-based rewards card with uncapped rewards you can redeem for gift cards and cashback
- Wise card (alternative to credit cards): Debit card linked to a powerful international account to support spending with mid-market rates in 150+ countries
- Revolut card (alternative to credit cards): Debit card with a range of business account options, depending on the features you need
📲 Learn more about Wise Business vs Personal accounts
The 3 main types of credit card rewards programs
We’ve focused here on 3 main types of credit card rewards programs:
- Points-Based Reward Programs: earn points through your card issuer, to redeem in their scheme, which might offer gift cards, products, hotels or flight discounts for example
- Cashback Rewards: earn rewards which you can trade for cash back on your spending, either past purchases which can be offset against your bill, or future buys
- Travel and Airline Rewards: earn airmiles and hotel loyalty points to redeem directly with your preferred scheme, offering great travel and lifestyle perks
Best business reward credit cards in Australia
We’ve picked out some of the best business reward credit cards in Australia here, depending on the type of card you might prefer. As well as credit cards from Australian banks, we’ve also looked at some alternatives to a credit card from Wise and Revolut which can help you keep your business transaction costs as low as possible, especially when spending in foreign currencies. Here’s a summary – we’ve got more on each later.
| Cards | Card type | Annual fee | Earn rate per A$ | Points cap | Spending abroad fee |
|---|---|---|---|---|---|
| NAB Rewards Business Signature Card
|
Points-based rewards credit card
|
175 AUD/per card | 2.5 NAB points for each dollar on purchases made in select stores
3.75 NAB Points for each dollar in foreign currency
1.25 per dollar on other spend |
Unlimited | 3% |
| Westpac Altitude Business Platinum Mastercard | Cash back rewards card | 200 AUD | 2 points per dollar with overseas merchants
1 point per dollar with Australian merchants
0.5 point per dollar on Government payments |
Uncapped | 3% |
| The American Express Qantas Business Rewards Card
|
Airline rewards card | 450 AUD | 2 Qantas Points per dollar on Qantas products
1.25 Qantas Points per dollar on everyday spend.
0.5 Qantas Points per dollar on utilities, insurance and government
|
Unlimited, but after earning 500,000 Qantas Points in a calendar year, rates on everyday spend drop to 0.75 Qantas Points per dollar spent
|
3% |
| CommBank Business Awards Credit Card | Points-based rewards card
|
100 AUD | Option to earn either CommBank Awards or Qantas points, with different rates of redemption on each | Earn up to 60,000 CommBank Awards points a year, or up to 24,000 Qantas Points per year | 3% |
| ANZ Business Black Card | Points-based rewards card, cash back redemption options
|
300 AUD + 75 AUD annual rewards fee | Earn 1.5 Reward Points for every dollar up to and including $10,000
Earn 1.0 Reward Point for every dollar over $10,000, uncapped |
Uncapped | 3%
|
| Wise card (alternative to credit cards) | Debit card | No annual fee | Not applicable | Not applicable | No foreign transaction fee |
| Revolut card (alternative to credit cards) | Debit card | 21 AUD or 79 AUD/monthly fee depending on plan | Not applicable | Not applicable | Weekday no fee conversion to plan limit, then 0.6% fee
1% out of hours fee applies |
Details correct at time of research – 16th May 2025 – all information taken from card issuer websites and fee schedules
Each business rewards credit card has its own niche – whether that’s business owners who want to maximise the lifestyle and travel benefits, or companies which value the option to offset reward points against previous spending, to effectively earn cash back on the card they use. All of these cards do charge you to spend in foreign currencies, though. You may earn additional rewards in return – but this isn’t necessarily worth it. Consider international business debit cards from options like Wise and Revolut as alternatives which can make spending foreign currencies cheaper – we’ll look at how in just a moment.
NAB Rewards Business Signature Card
🏅 Great for: Points-based rewards card to earn rewards you can redeem against flights, hotels, gift cards and travel
Get the NAB Rewards Business Signature Card to earn unlimited points at the rate of 2.5 NAB points for each dollar on purchases made in select stores, 3.75 NAB Points for each dollar in foreign currency and 1.25 per dollar on other spend. If you’re overseas, you do get more rewards, but there’s a 3% foreign transaction fee to weigh up as well. Redeem for gift cards for stores like Coles, Woolworths and Bunnings, or get flights, selected hotels and holiday packages.
- Exchange rate: Network rate
- Spending abroad fees: 3%
- Maintenance/annual fee: 175 AUD/per card
Pros and cons of NAB Rewards Business Signature Card
| NAB Rewards Business Signature Card pros | NAB Rewards Business Signature Card cons |
|---|---|
| ✅ Uncapped reward earning
✅ Higher points when you spend in foreign currencies ✅ Redeem for gift cards and on travel ✅ Earn even on payments to the the Australian Taxation Office |
❌ 175 AUD/per card annual fee
❌ 3% foreign transaction fee |
Get a Wise Business card to:
- Pay online and in stores in 40+ currencies
- Withdraw up to 350 AUD for free*
- Spend at the real exchange rate
*Withdraw up to 350 AUD from ATMs for free with 2 or less withdrawals
Westpac Altitude Business Platinum Mastercard
🏅 Great for: Cash back rewards card that lets you redeem rewards against previous purchases, to get credit on your next bill
Use the Westpac Altitude Business Platinum Mastercard to earn 2 points per dollar spent with overseas merchants, 1 point per dollar when you shop with Australian merchants and 0.5 point per dollar on government payments. There’s a 3% foreign transaction fee when you spend in foreign currencies and a 200 AUD annual charge to consider with this card. Once you have points you can redeem them as cash back simply by selecting any card purchase you’ve made in the last 90 days to get a credit on your statement for that transaction value in exchange for the value of the points.
- Exchange rate: Network rate
- Spending abroad fees: 3%
- Maintenance/annual fee: 200 AUD
Pros and cons of Westpac Altitude Business Platinum Mastercard
| Westpac Altitude Business Platinum Mastercard pros | Westpac Altitude Business Platinum Mastercard cons |
|---|---|
| ✅ Earn rewards you can redeem as cash back on spending
✅ More rewards on overseas spending ✅ Rewards can also be used for flights, hotels and purchases ✅Get employee cards if you need them |
❌200 AUD annual fee
❌3% foreign transaction fee |
The American Express Qantas Business Rewards Card
🏅 Great for: Airline rewards card with Qantas benefits offering up to 99 employee cards for your team
With The American Express Qantas Business Rewards Card you can earn 2 Qantas Points per dollar on Qantas products, 1.25 Qantas Points per dollar on everyday spend and 0.5 Qantas Points per dollar on utilities, insurance and government. There’s no cap on the amount you can earn but the rate of earning does drop on everyday spend if you hit the monthly maximum level. This can be an attractive card for frequent flyers, but bear in mind that there’s a 3% fee for foreign purchases which might mean it’s not the best value card to use when you’re away on business.
- Exchange rate: Network rate
- Spending abroad fees: 3%
- Maintenance/annual fee: 450 AUD
Pros and cons of The American Express Qantas Business Rewards Card
| The American Express Qantas Business Rewards Card pros | The American Express Qantas Business Rewards Card cons |
|---|---|
| ✅Earn Qantas points to get free flights and upgrades
✅Unlimited point earning potential ✅Different reward rates depending on how you spend ✅Earn even on things like utility bills |
❌450 AUD annual fee
❌3% foreign transaction fee |
Get a Wise Business card to:
- Pay online and in stores in 40+ currencies
- Withdraw up to 350 AUD for free*
- Spend at the real exchange rate
*Withdraw up to 350 AUD from ATMs for free with 2 or less withdrawals
CommBank Business Awards Credit Card
🏅 Great for: Points-based rewards card with extra cash back features through CommBank Yello Cashback Offers
The CommBank Business Awards Credit Card gives you the option to earn either CommBank Awards or Qantas points, with different rates of redemption on each. With CommBank Awards you earn 1 Awards point for every dollar you spend on your Awards Mastercard, while with Qantas points you get 0.4 Qantas Points for every dollar you spend. Earn up to 60,000 CommBank Awards points a year, or up to 24,000 Qantas Points per year, and redeem for the scheme you prefer. You can also get discounts, promotions and cash back features through CommBank Yello Cashback Offers.
- Exchange rate: Network rate
- Spending abroad fees: 3%
- Maintenance/annual fee: 100 AUD
Pros and cons of CommBank Business Awards Credit Card
| CommBank Business Awards Credit Card pros | CommBank Business Awards Credit Card cons |
|---|---|
| ✅ 2 different rewards earning options
✅Choose how to redeem your points from different scheme options ✅ Relatively low annual fee ✅Cash back features through CommBank Yello Cashback Offers |
❌100 AUD annual fee
❌3% foreign transaction fee |
ANZ Business Black Card
🏅 Great for: Points-based rewards card with uncapped rewards you can redeem for gift cards and cashback
The ANZ Business Black Card is an interesting option as a points-based rewards card which has cash back redemption options. You can earn 1.5 Reward Points for every dollar up to and including $10,000, and then this rate drops to 1.0 Reward Point for every dollar over $10,000, uncapped. Once you have rewards you can redeem for cash back or gift cards among other things. It’s worth knowing that the annual fee on this card is relatively high at 300 AUD + 75 AUD annual rewards fee, and there’s a 3% foreign transaction fee for overseas use.
- Exchange rate: Network rate
- Spending abroad fees: 3%
- Maintenance/annual fee: 300 AUD + 75 AUD annual rewards fee
Pros and cons of ANZ Business Black Card
| ANZ Business Black Card pros | ANZ Business Black Card cons |
|---|---|
| ✅Earn up to 1.5 Reward Points for every dollar
✅Redeem for gift cards and cashback ✅Complimentary travel insurance ✅Popular card option from a large bank |
❌300 AUD annual fee + 75 AUD annual rewards fee
❌3% foreign transaction fee |
Wise card (alternative to credit cards)
🏅 Great for: Debit card linked to a powerful international account to support spending with mid-market rates in 150+ countries
Wise is a financial company regulated in multiple countries. The Wise Business accounts allow you to hold 40+ currencies, send payments to 160+ countries, and spend with your linked debit or expense cards in 150+ countries. You can also receive payments to Wise with local and SWIFT details in 8+ currencies. Whenever you need to convert currencies you get the mid-market exchange rate (“mid-market rate” refers to the exchange rate without any markup), with low, transparent fees which are disclosed before you make a transaction. There’s no minimum balance or monthly charge to worry about.
- Exchange rate: Mid-market rate
- Spending abroad fees: No foreign transaction fee
- Maintenance/annual fee: No ongoing fees
Pros and cons of Wise card (alternative to credit cards)
| Wise card (alternative to credit cards) pros | Wise card (alternative to credit cards) cons |
|---|---|
| ✅ Get debit and expense cards for you and your team
✅ No foreign transaction fees, no annual fees and no interest ✅ Hold and exchange 40+ currencies ✅Some no fee ATM use monthly included |
❌Not intended for reward earning
❌No credit facility |
Revolut card (alternative to credit cards)
🏅 Great for: Debit card with a range of business account options, depending on the features you need
Revolut is a financial company operating globally. Revolut has different business account plans, which all offer ways to hold, send, spend and receive 25+ currencies and also offer card services with a variety of debit cards to choose from. Get virtual and physical debit cards for easy spending and cash withdrawals – plus all accounts offer some weekday currency conversion with the Revolut rate and no additional fee, before fair usage charges begin.
- Exchange rate: Revolut rate
- Spending abroad fees: Weekday no fee conversion to plan limit, then 0.6% fee; 1% out of hours fee applies
- Maintenance/annual fee: 21 AUD or 79 AUD/monthly fee depending on plan
Pros and cons of Revolut card (alternative to credit cards)
| Revolut card (alternative to credit cards) pros | Revolut card (alternative to credit cards) cons |
|---|---|
| ✅ Choice of account plans available
✅ All plans have linked physical and virtual cards ✅ Some no fee currency conversion on all accounts ✅ Range of perks on higher tier accounts including lifestyle and travel benefits |
❌Not intended for reward earning
❌No credit facility |
How to choose the right business card
Let’s finish up with some factors to consider when selecting a business credit card:
- Check the annual fee, which is unavoidable – and also avoidable fees like foreign transaction costs, penalty fees and interest
- Make sure the rewards scheme is something you will really benefit from
- Look to see if rewards are capped or ever expire – you might find you can’t make the most of your points if they expire too quickly
- Consider debit cards as well as credit, to make sure you have all your spending bases covered
But what about the option to get a business reward credit card versus getting a business debit card?
In reality, many business owners will get both. A business rewards credit card can be helpful for large ticket items where you want to spread the costs over a month or two, and for domestic purchases. A business debit card which is optimised for travel can be a helpful tool for business travel and spending in overseas markets, including online spend on things like SaaS when you’re billed in a foreign currency. Use your debit card to get better rates and lower international transaction costs compared to a card with a 3% foreign transaction fee.
📲 Learn more about business international money transfers
Conclusion
Using a business rewards credit card makes sense for some companies where spending is in AUD, and you can repay the bill fairly quickly to avoid excess fees. In this case you can maximise rewards without unduly pushing up your operating costs. Plus, rewards can be used for practical things like cash back – and for more fun spending such as on upgrades to business travel.
Use this guide to compare the options which might suit your own unique business needs – and also take a look at Wise Business and Revolut Business as a complementary solution for international business transactions. You might find you can lower the costs of overseas spending significantly, with no ongoing fee and no minimum balance requirement.
Best rewards credit card for businesses – FAQ
What is the best rewards credit card for small businesses in Australia?
There’s no single best rewards credit card for small businesses in Australia – the right options depend on your spending habits and your specific needs. Look at rewards, points and cash back cards to see which is the best fit.
Can I get a business credit card for a new business?
Banks will assess the suitability of credit cards based on an applicant’s creditworthiness – so whether or not you can get a card for a new business will depend on a range of factors. If you struggle to get a credit card, consider a debit card instead, from a provider lille Wise or Revolut.
How do business credit card points differ from personal credit card points?
The earning options and redemption types on business credit card points can often differ from personal credit card points, as they are tailored to the types of things business owners value, such as flights for business travel and cash back on spend.
Are business credit card rewards taxable in Australia?
Because card reward points may be viewed by the ATO as a taxable fringe benefit you’ll need to take tax advice to help you navigate this issue, and to ensure you stay on the right side of the law.
What is a business rewards credit card?
A business rewards credit card is a credit card which offers schemes to earn points, rewards or cash back on your card spending. Usually you can redeem your rewards on things like flights and goodies from an online store.
What is the best rewards credit card for small business?
There’s no one best rewards credit card for small business as it’ll depend on your preferences and your personal spending needs. Choose a card which has low fees and a rewards scheme which you’ll really make the most of, to get the best fit.
What is the business credit card with the best rewards?
Choosing the business credit card with the best rewards is a very subjective business. The best card depends on what you prefer – airmiles or cash back, rewards from a catalogue or gift cards for onward spending, for example. Compare a few options to see which you like the best before you apply.
