Can I use a business credit card for travel?
Yes, you can use a business credit card for travel-related costs:
- Booking Flights
- Accommodation
- Transportation
- Meals and Entertainment
- Other Travel Expenses
Can I earn points on Australian business credit cards?
Yes, many business credit cards offer rewards programs that allow cardholders to earn points on their business spending. These points can typically be redeemed for a variety of rewards, including travel, merchandise, gift cards, cashback, and more.
Here are some common types of rewards programs available on Australian business credit cards:
- Frequent Flyer Points. Many business credit cards allow cardholders to earn frequent flyer points with partnered airlines, such as Qantas or Virgin Australia. These points can be redeemed for flights, upgrades, and other travel-related expenses.
- Reward Points. Some business credit cards offer general reward points that can be redeemed for a wide range of rewards, including travel, merchandise, gift cards, and cashback. These points are often earned based on the amount of spending on the card.
- Cashback Rewards. Certain cards offer cashback rewards, where cardholders receive a percentage of their spending back as a cash rebate. This can be a straightforward way to earn rewards on business expenses.
- Business-specific Rewards. Some corporate credit cards offer rewards tailored to specific business needs, such as discounts on office supplies, technology purchases, or business travel expenses.
You can also place free funds on a personal savings account.
Calculate your future income on a savings account (example):
| Amount, $ | Rate, % | Accrued %, $ |
| 20,000 | 2.35% | 470 |
| 20,000 | 2.40% | 480 |
| 20,000 | 2.45% | 490 |
| 50,000 | 2.50% | 1,250 |
| 50,000 | 2.55% | 1,275 |
| 50,000 | 2.60% | 1,300 |
| 100,000 | 2.65% | 2,650 |
| 100,000 | 2.70% | 2,700 |
| 100,000 | 2.75% | 2,750 |
| 200,000 | 2.80% | 5,600 |
| 200,000 | 2.85% | 5,700 |
| 200,000 | 2.90% | 5,800 |
What are the Frequent Flyer benefits?
Business credit cards in Australia that are affiliated with Frequent Flyer programs offer several benefits to cardholders, particularly those who travel frequently for business purposes.
- Earn Frequent Flyer Points. Business credit cards linked to frequent flyer programs allow cardholders to earn frequent flyer points on their business-related spending, such as flights, hotel stays, rental cars, and other eligible purchases. Points earned can be accumulated and redeemed for flights, upgrades, and other travel rewards.
- Bonus Points Sign-Up Offers. Many cards offer sign-up bonuses or promotional offers that provide cardholders with a large number of bonus frequent flyer points upon approval and meeting minimum spending requirements within a specified period.
- Status Credits. Some business credit cards offer the opportunity to earn status credits in addition to frequent flyer points. Status credits contribute towards elite status levels in the airline's frequent flyer program, providing additional benefits such as priority check-in, priority boarding, lounge access, and complimentary upgrades.
- Complimentary Lounge Access. Certain cards offer complimentary airport lounge access to cardholders, allowing them to relax and unwind in airport lounges before their flights. Lounge access may be provided through the credit card itself or as a benefit of holding elite status in the frequent flyer program.
- Travel Insurance Coverage. Many business credit cards include complimentary travel insurance coverage for cardholders and their eligible dependents when they pay for travel expenses, such as flights, with the card. Travel insurance typically includes benefits such as medical coverage, trip cancellation/interruption insurance, and luggage insurance.
- Flight Discounts and Companion Vouchers. Some cards offer flight discounts, companion vouchers, or annual travel credits as additional perks for cardholders. These benefits can help offset the cost of business travel or provide savings on future flights.
- Expense Management Tools. Many business credit cards come with expense management tools and reporting features that help businesses track and manage their spending, streamline accounting processes, and reconcile business expenses more efficiently.
