Best Corporate Cards for Australian Businesses
If you have an Australian business you might be interested in the best corporate cards available for your specific needs. Corporate cards are different from personal credit cards in the features, fees and rates available, and are intended to be used for team business spending to manage expenses and cash flow.
This corporate card comparison takes a look at the best business credit cards in Australia as well as some options for bank debit cards, and multi-currency debit cards from specialist providers.
Join us as we explore which company card is best for different business needs, including a closer look at providers like Wise Business and Revolut Business which excel for international use.
Does Your Business Need a Corporate Card?
Before we look too closely at the best corporate cards available it’s worth touching on the reasons your business might want one.
There are a few reasons why corporate cards might be handy for you – including for large or growing businesses which need ways to manage cash flow and employee spending. Whether your business is big or small, issuing corporate cards can be a good idea if employees often need to be reimbursed for business spend such as for travel or supplies. Using a business card means you can manage spending while simplifying your expense processes – saving time.
Corporate cards can be credit cards, or debit cards issued by banks or specialist providers. It is important to check the different cards available based on your business type, as some credit cards may require an employee to have their credit checked, while others are issued on the creditworthiness of the business. Debit cards can be linked to business transaction accounts, and don’t usually mean paying a specific card annual or monthly fee, with no credit check to complete.
Keep reading to help you pick the best corporate card based on your very specific needs.
Top Corporate Cards in Australia (2025)
So – what is the best business card to get for your business? To help you decide, we’ve profiled some options for business credit cards in Australia, alongside card options from specialist account providers which offer international debit cards, and debit cards linked to bank business accounts. We’ll start with a head to head comparison on the best corporate cards available, and then explore each option in more detail so you can figure out which company card is best for your specific needs.
| Card Name | Card type | Ongoing fees | Foreign transaction fee | Countries or currencies to spend |
|---|---|---|---|---|
| Wise | Multi-currency debit card | No ongoing fees | No foreign transaction fee to spend a currency you hold enough balance in
Currency conversion from 0.65% |
150+ countries |
| Revolut | Multi-currency debit card | 21 AUD or 79 AUD monthly account fee | No foreign transaction fee to spend a currency you hold enough balance in
Weekday currency conversion with no fee to plan limit, then fair usage fees of 0.6% |
150+ currencies |
| Commbank card | Debit card | Either 0 AUD or 10 AUD monthly account fee | 3.5% | Wherever Visa is accepted |
| Westpac card | Debit card | Either 0 AUD or 10 AUD monthly account fee | 3% | Wherever Mastercard is accepted |
| NAB Rewards Business Signature Card | Credit card | 175 AUD annual fee | 2% | Wherever Visa is accepted |
| ANZ Business Low Rate Card | Credit card | 100 AUD annual fee + 75 AUD Rewards fee | 3% | Wherever Visa is accepted |
Details correct at time of research – 25th April 2025
As you can see, you’ve got a solid range of options to choose from when it comes to picking your corporate card. You might decide low costs and international features are key – which could mean Wise or Revolut is a good pick. You may want to stick with a debit card issued by your business bank account provider like Commbank or Westpac, or get a dedicated business credit card from a provider like NAB or ANZ. We’ll look at each option in more detail now, to help you compare.
Wise Business: Multi-currency debit card
🏅 Great for: Spending locally and globally with no foreign transaction fee, from a powerful linked international multi-currency account
Wise Business has accounts which can hold 40+ currencies, with linked debit cards you can use to spend a balance you hold for free. Either convert to the currency you need in your account in advance of spending, or let the card handle the conversion when you pay. In either case you get the mid-market rate and low conversion fees from 0.65%. Wise Business accounts have no ongoing fees to pay and offer great extras like batch payments, multi-user access, an API and cloud accounting integrations.
Apply for Wise Business online or in app, as a freelancer, sole proprietor or business owner.
📲 You may also like: Wise Business vs Personal
Exchange rate: Mid-market rate
Foreign transaction fees: No foreign transaction fee, conversion from 0.65%
Withdrawal fees: 2 withdrawals, to 350 AUD per month free, then 1.5 AUD + 1.75%
Wise Business pros and cons
| Wise Business pros | Wise Business cons |
|---|---|
| ✅ Hold and exchange 40+ currencies, receive foreign currency payments conveniently
✅ No ongoing fees ✅ Both debit cards and expense cards available – issue to team members to support business spending ✅ Extras to help save time, like cloud accounting integrations and batch payments |
❌ 22 AUD one time account opening fee
❌ Variable conversion fees |
Revolut Business: Multi-currency debit card
🏅 Great for: Comprehensive business accounts to hold and exchange 25+ currencies and spend with linked international cards
Revolut Business has 2 account plans in Australia, priced at either 21 AUD or 79 AUD a month, plus options to build a custom plan for large enterprises. All accounts offer linked card services that let you spend and withdraw conveniently. You can hold and exchange 25+ currencies, with some exchange offered with the Revolut exchange rate monthly, and fair usage charges after that. If you’re making an exchange at any point out of banking hours, an extra 1% fee applies.
Exchange rate: Revolut exchange rate
Foreign transaction fees: No foreign transaction fee – some no fee conversion on weekdays, then 0.6% fair usage fee applies. Out of banking hours, an extra 1% fee applies
Withdrawal fees: 2% of withdrawal amount
Revolut Business pros and cons
| Revolut Business pros | Revolut Business cons |
|---|---|
| ✅ 2 different account tiers to pick from
✅ 25+ supported currencies for holding and exchange ✅ Debit and expense cards available including metal card options ✅ No fee to get your first debit card per authorised team member |
❌ Account fees of 21 AUD or 79 AUD a month
❌ Fair usage and out of hours exchange fees may apply on card spending |
Commbank: Debit card
🏅 Great for: Business debit card linked to an account offering free electronic transactions, with options to add in some assisted transactions for a fee
You can open a Commbank business account either as a free to open pay as you go option, or pay a monthly fee to get 5 free assisted transactions a month. Electronic transactions like payments, deposits and ATM withdrawals may be free, with some fees for specific services like overseas spending. Your account comes with a debit card automatically for spending from your account – use your card globally to spend and withdraw, but do bear in mind the foreign transaction fee you pay overseas.
Exchange rate: Network rate
Foreign transaction fees: 3.5%
Withdrawal fees: No fee for Commbank ATM use in Australia. Overseas Commbank ATMs and ASB ATMs in New Zealand charge 2 AUD, elsewhere the fee is 5 AUD
Commbank pros and cons
| Commbank pros | Commbank cons |
|---|---|
| ✅ Linked to a business day to day transaction account
✅ In branch services where needed ✅ Different account plans available to suit specific needs ✅ Get all the business services you need from one bank |
❌ 3.5% foreign transaction fee
❌ Account fees of 10 AUD/month may apply |
📲 Wise Card vs Commbank Travel Card
Westpac: Debit card
🏅 Great for: Excellent value for a business day to day account, which comes with a linked debit card for easy spending and withdrawals
Business One accounts from Westpac can have no monthly fee, for free digital transactions, and come with a 3 AUD charge per assisted transaction. Or if you need to transact in a branch often you can pay a flat 10 AUD a month to get up to 25 assisted transactions. All accounts offer a debit card which makes spending for your business simple – bear in mind the fees associated if you’re going to use your card overseas though.
Exchange rate: Network rate
Foreign transaction fees: 3%
Withdrawal fees: No fee to withdraw at Global ATM Alliance and partner ATMs – elsewhere variable fees may apply
Westpac pros and cons
| Westpac pros | Westpac cons |
|---|---|
| ✅ Account options with no monthly fee are available
✅ No fee to withdraw at Global ATM Alliance and partner ATMs ✅ Accounts integrate with software like MYOB, Xero, and Quickbooks ✅ No extra fees to get a debit card with your account |
❌ 3% foreign transaction fee
❌ You may pay 10 AUD a month for some peaks in your account |
📲 Learn more about Westpac Business Card
NAB: Credit card
🏅 Great for: Reward earning business credit card with Visa partner perks and some complimentary insurance included
While NAB offers a range of credit cards for business, we’ve selected the NAB Rewards Business Signature Card as our example here as it lets you earn unlimited reward points as you spend, and gets you some complimentary insurance. In return you’ll pay a 175 AUD annual fee per card, and as with all credit card options there may be interest to pay depending on how you use your card.
Exchange rate: Network rate
Foreign transaction fees: 2%
Withdrawal fees: No fee locally, 4 AUD outside of Australia + a 3% cash advance fee
NAB pros and cons
| NAB pros | NAB cons |
|---|---|
| ✅ Range of cards to select from – including some with low rates and some with reward earning options
✅ Redeem rewards at places like Coles, Woolworths and Bunnings, ✅ Get Visa concierge services when you need them ✅ Some insurance is included in your package, including Transit Accident Insurance |
❌ 2% foreign transaction fee
❌ 175 AUD annual fee per card |
📲 Learn more about NAB Business Card
ANZ: Credit card
🏅 Great for: Low rate credit card for business, which has a relatively low annual fee to pay
ANZ has a selection of business credit cards on offer, but we selected the ANZ Business Low Rate card as it’s the lowest annual fee and also offers pretty fair interest rates when you spend. ANZ boasts a very fast application and verification process to help you get your card quicker – and once you have your card in your hand you can use it all over the world wherever the network is accepted. Bear in mind that as well as the annual fee there’s also a charge of 75 AUD for ANZ Rewards.
Exchange rate: Network rate
Foreign transaction fees: 3%
Withdrawal fees: 1.5 AUD or 1.5% depending on which is greater
ANZ pros and cons
| ANZ pros | ANZ cons |
|---|---|
| ✅ Low annual fee, low interest rates
✅ Quick application and issuance process ✅ Can make cash flow management easier ✅ Integrates with cloud accounting software for expense management |
❌ Cash advance fee for ATM use – the greater of 1.5 AUD or 1.5% of the withdrawal
❌ Annual and Rewards fees apply |
How to Choose the Right Corporate Card for Your Business
There’s not one single right card for businesses – there are many different options which means you’ll find the right one for you, but also means you’ll have to do some research to find the best fit. Some common questions to think about while you choose include:
- Is there a card issue fee, or a card annual fee? Credit cards usually have annual per card fees while debit cards might have an issue or monthly charge
- How do you manage user spending, and how easy is it to approve and change spending limits? Check you can you set, change and check user limits easily so you can control your business finances
- What are the card ATM and foreign transaction fees? Service fees are bound to apply, which can include ATM costs and overseas spending charges – depending on how the card will be used these can add up quickly
- What exchange rate is used when spending overseas? Banks may use the network rate, while a provider like Wise uses the mid-market rate to help you see the fees that apply on all spending
- How high is the interest on the card, and what are the potential penalty fees? For credit cards in particular look at the fees carefully, including interest, penalties and cash advance charges
The Hidden Costs of Bank Corporate Cards
If you’re using a corporate card overseas you’ll need to be aware of how much foreign transaction fees can push up the costs of spending in a foreign currency. This applies when you travel, but also when you spend money for your business with online retailers which bill in a foreign currency. For the cards we’ve looked at above, where foreign transaction fees apply they are typically 2% or 3% – while providers like Wise and Revolut take a different approach to exchange, avoiding foreign exchange fees and using a small conversion charge instead.
To illustrate this, let’s look at how much business travel expenses of 1,000 NZD might cost you if you charge everything to a Wise card versus the costs if you charge your trip to a bank debit or credit card with a foreign transaction fee:
| Wise | Bank | |
|---|---|---|
| Spend amount in NZD | 1,000 NZD | 1,000 NZD |
| Foreign transaction fees | No foreign transaction fee – conversion cost of 0.55% | 3% foreign transaction fee |
| Exchange rate | Mid-market rate | Network rate |
| Total paid in AUD | 938.61 AUD | 965.71 AUD |
Details correct at time of research – 25th April 2025
As you can see, using Wise you lock in the mid-market exchange rate and avoid foreign transaction fees – which in this case means you spend less, saving your business money.
How to Apply for a Corporate Card
The process for ordering a corporate card will depend on the card type and the specific provider. If you’re planning to get a card linked to a bank business account you may have to visit a branch to set up your account and order your card. Credit card applications are usually handled online, but include a credit check which can take a day or two. Finally, if you pick digital first providers like Wise and Revolut, you’ll usually find you can apply and order your card in just a few minutes with your phone or laptop.
Here’s how to open a business account and order your card with Wise as an example:
- Download the Wise app or open the Wise desktop site
- Click Sign up and create an account with your email, Facebook, Google or Apple ID
- Follow the prompts to enter the personal, business and contact details needed
- Upload your business, ID and address documents
- Once your account has been verified you can tap to order your card in app
- Your card will be delivered to your registered address – and your virtual card is ready for instant use
Best Practices for Corporate Card Management
Let’s close out this guide with a few best practice tips to consider:
Setting appropriate spending limits: Corporate cards usually let you set ATM and spending limits per user – you’ll be able to arrange individual limits depending on the team member’s spending requirements, which you can then change as you need
Implementing approval workflows: For business expense spending you may decide to set an approval process to allow managers to review employee spending to keep your system in check
Regular review of expenses: Be sure to regularly review what is being spent and where – some card and account services offer business analytic tools which might help you spot excessive spending, or optimize spending across your team
Record-keeping requirements for tax purposes: Finally be sure to retain all relevant records, receipts and other paperwork to make your end of year tax filing as easy as possible
Conclusion
Corporate cards can make it easier for your team to spend on business needs, travel and other essentials. You can control your company finances though spending limits, and make your expense reclaim process far more streamlined. Different corporate card types – including credit and debit options – can suit different business needs, including international spending and high value payments.
This guide covers some top picks for bank issued debit and credit cards to give you some inspiration. Plus we’ve also touched on how specialist providers like Wise and Revolut might be helpful, particularly if you’ll be spending in foreign currencies. Check out the Wise Business Card as a solution to keep down the costs of international card spending and withdrawals.
Frequently Asked Questions
What’s the difference between a corporate card and a business credit card?
Corporate cards may be business debit, credit, prepaid or charge cards, while a business credit card will always be a credit card which you’ll need to repay monthly to avoid fees and interest.
Do I need good personal credit to get a corporate card for my business?
Your personal credit might matter, depending on the specific card, entity type, and your role in the organisation. If you can’t get a credit card, you can also check out debit card options, including from providers like Wise and Revolut, which don’t need a credit check.
How can I monitor employee spending on corporate cards?
Corporate cards usually allow you to set, view and control employee spending, so you’ll always be in control of your company’s finances. Check how your specific provider offers this – processes may be online or in app.
Are corporate card rewards taxable?
This depends on the details of the reward. Some rewards may be considered taxable income or fringe benefits – ask your accountant for advice.
How do exchange rates affect international purchases on corporate cards?
Exchange rates and foreign transaction fees can change the cost in AUD of spending in foreign currencies. Consider getting a card which has been optimised for overseas use – like the Wise Business Card to save money on international transactions.
Can I get a corporate card for a new business?
Different card types and issuers have their own eligibility rules, which usually include being an Australian resident and having a business registered with an ABN or ACN. Check your preferred provider’s policies for more details.
How many employee cards can I typically get with a corporate card account?
This can vary a lot depending on the bank or provider you pick. Check your preferred provider’s policies for more details.
How does a Wise Business Card save money on international transactions?
With a Wise Business Card you can save money on international transactions as there’s no foreign transaction fee and currency conversion uses the mid-market rate. Overall this can work out cheaper than using a card with a 2% or 3% foreign transaction fee.
