Are there business credit cards with no annual fee?
Some of the major banks and financial organizations in Australia can have no annual fee business credit cards: ANZ, Commonwealth Bank of Australia, Westpac, NAB, American Express, Bank of Queensland, and HSBC.
What fees can be charged on a business credit card?
Even no annual fee business credit cards may come with a variety of other fees:
- Interest charges. If you carry a balance on your business credit card from month to month, you will typically be charged interest on the outstanding balance. Interest rates can vary depending on the card issuer and your creditworthiness.
- If you fail to make at least the minimum payment by the due date, you may be charged a late payment fee.
- Cash advance fee. If you use your business credit card to withdraw cash from an ATM or obtain cash equivalent transactions such as purchasing foreign currency or traveler's checks, you may be charged a cash advance fee.
- If you make purchases in a foreign currency or make purchases overseas, you may be charged a foreign transaction fee, typically a percentage of the transaction amount.
- If you exceed your credit limit on your business credit card, you may be charged an overlimit fee.
- Balance transfer fee. If you transfer a balance from another credit card to your business credit card, you may be charged a balance transfer fee, typically a percentage of the amount being transferred.
- Additional card fee. If you request additional cards for employees or authorized users, you may be charged a fee for each additional card.
You can also place free funds on a savings account.
Calculate your future income on a savings account (example):
| Amount, $ | Rate, % | Accrued %, $ |
| 25,000 | 3.00% | 750 |
| 25,000 | 3.05% | 763 |
| 25,000 | 3.10% | 775 |
| 60,000 | 3.15% | 1,890 |
| 60,000 | 3.20% | 1,920 |
| 60,000 | 3.25% | 1,950 |
| 120,000 | 3.30% | 3,960 |
| 120,000 | 3.35% | 4,020 |
| 120,000 | 3.40% | 4,080 |
| 240,000 | 3.45% | 8,280 |
| 240,000 | 3.50% | 8,400 |
| 240,000 | 3.55% | 8,520 |
You can also get more detailed calculations by using our financial calculators.
How many additional cardholders can I get?
Typically, business credit card issuers may allow anywhere from 1 to 99 additional cardholders, but this can vary. Some issuers may have specific limits or guidelines in place regarding the number of additional cardholders allowed per account.
When adding additional cardholders to your business credit card account, each cardholder will typically have their own card and access to the credit line associated with the account. You, as the primary cardholder, will be responsible for all charges made by the additional cardholders.
See the similar FAQ about Australian banks:
- Bankwest: lost card, what should I do?
- Corporate charge card from CBA
- NAB corporate cards
- Westpac corporate credit cards
- Westpac personal loan application
Details of companies offering the financial services:
ANZ Bank
Head office’s address: 833 Collins Street
Contact center: 13-13-14
Phone: 61-3-9683-9999
Mail address: 833 Collins Street Docklands, Melbourne
Web-site: http://www.anz.com
Swift code: ANZBAU3M
Financial institution code: ANZ
Stock code: ANZ
ABN: 11 005 357 522
BSB: 015-891
Bank of Melbourne
Head office’s address: 525 Collins Street
Contact center: 61-132266
Phone: 61-3-9982-4186
Mail address: 525 Collins Street Melbourne
Web-site: https://www.bankofmelbourne.com.au/
Swift code: SGBLAU2S
ABN: 33 007 457 141
BSB: 193-879
Bank SA
Head office’s address: 97 King William Street
Contact center: 13-13-76
Phone: 61-2 9155-7850
Mail address: 97 King William Street, Adelaide, SA
Web-site: http://www.banksa.com.au/
Swift code: SGBLAU2S
ABN: 33 007 457 141
CommBank
Head office’s address: 201 Sussex Street
Contact center: 13-22-21
Phone: 61-2-8055-4001
Mail address: Level 10, Tower One, Darling Park, 201 Sussex Street
Web-site: https://www.commbank.com.au/
Swift code: CTBAAU2S
Stock code: CBA
ABN: 48 123 123 124
Heritage Bank
Head office’s address: 400 Ruthven St
Contact center: 13-14-22
Phone: 61-7-4694-9000
Mail address: PO Box 190 TOOWOOMBA QLD 4350
Web-site: https://www.heritage.com.au
Swift code: HBSLAU4T
ABN: 32 087 652 024
BSB: 638-603
St. George Bank
Head office’s address: 275 Kent Street
Contact center: 13-33-30
Phone: 61-2-9553-5333
Mail address: St.George Bank Locked Bag 1 Kogarah NSW 1485
Web-site: http://www.stgeorge.com.au/
Swift code: SGBLAU2S
Financial institution code: STG
Stock code: SGB
ABN: 33 007 457 141
BSB: 112-908
Westpac Bank
Head office’s address: 275 Kent Street
Contact center: 13-20-32
Phone: 61-2-9155-7700
Mail address: 275 Kent Street, Sydney, NSW
Web-site: https://www.westpac.com.au/
Swift code: WPACAU2S
Financial institution code: WBC
Stock code: WBC
ABN: 33 007 457 141
BSB: 032-063
Westpac Bank
Head office’s address: 275 Kent Street
Contact center: 13-20-32
Phone: 61-2-9155-7700
Mail address: 275 Kent Street, Sydney, NSW
Web-site: https://www.westpac.com.au/
Swift code: WPACAU2S
Financial institution code: WBC
Stock code: WBC
ABN: 33 007 457 141
BSB: 032-063