Best rewards business credit cards

Do business credit cards have rewards?

Yes, business credit cards often come with rewards programs that allow cardholders to earn points, cashback, or other benefits based on their spending. These rewards programs are similar to those offered with personal credit cards but are tailored to the needs of businesses.

Some common types of rewards available on business credit cards include:

1. Business-specific Rewards. Some business credit cards offer rewards and benefits tailored to the needs of business owners, such as discounts on business supplies, accounting software, or advertising services.
2. Cashback Rewards. Some business credit cards offer cashback rewards, where cardholders receive a percentage of their spending back as cash or statement credits. Cashback rewards can help offset business expenses or provide additional liquidity for the business.
3. Introductory Offers. Many business credit cards come with introductory offers, including bonus points promotions, waived annual fees for the first year, and low or 0% introductory interest rates on purchases or balance transfers.
4. Points Programs. Many business credit cards offer points-based rewards programs where cardholders earn points for every dollar spent on eligible purchases. These points can then be redeemed for a variety of rewards, including flights, hotel stays, merchandise, gift cards, and more.
5. Travel Benefits. Business credit cards with travel-focused rewards may offer benefits such as complimentary travel insurance, airport lounge access, airline fee credits, and discounts on hotels and rental cars.

Which business credit card rewards points are worth the most?

It depends on various factors, including the flexibility of redemption options, the value of points when redeemed, and any associated fees or costs. Here are some business credit card rewards points programs in Australia that are often considered valuable:

1. American Express offers Membership Rewards points, which can be earned through various American Express business credit cards. These points are highly flexible and can be transferred to a range of airline and hotel loyalty programs, providing opportunities for high-value redemptions.
2. Qantas Business Rewards allows businesses to earn Qantas Points on eligible business expenses, including flights, hotels, car rentals, and more. Qantas Points can be redeemed for flights, upgrades, and other rewards through the Qantas Frequent Flyer program, providing value for businesses with travel needs.
3. Velocity Frequent Flyer is the loyalty program of Virgin Australia. Businesses can earn Velocity Points on eligible business expenses using co-branded Velocity business credit cards. Velocity Points can be redeemed for flights, upgrades, hotel stays, and other rewards.
4. ANZ offers the ANZ Rewards program, where cardholders can earn points on eligible purchases made with ANZ business credit cards. Points can be redeemed for a variety of rewards, including travel, merchandise, gift cards, and more, providing flexibility for businesses with diverse spending habits.
5. Westpac Altitude Rewards allows cardholders to earn Altitude Points on eligible purchases made with Westpac business credit cards. Altitude Points can be redeemed for a range of rewards, including flights, hotel stays, gift cards, and merchandise, providing value for businesses with various redemption preferences.

It's important to consider the earning potential, redemption options, and any associated fees or costs when evaluating the value of business credit card rewards points programs. Additionally, the value of points can vary depending on individual redemption preferences and priorities, so it's essential to choose a rewards program that aligns with your business's needs and goals.

You can also place free funds on a personal savings account.

Calculate your future income on a savings account (example): 

You can also get more detailed calculations by using our financial calculators.

Are Australian business reward credit cards more expensive?

Business reward credit cards may come with higher annual fees and other costs compared to classic or standard credit cards. Here are some reasons why business reward credit cards may be more expensive:

1. Business reward credit cards often come with additional features and benefits tailored to the needs of business owners, such as higher earning rates on business-related spending, expense tracking tools, employee card management, and business-specific perks. These enhanced features may justify higher annual fees compared to standard credit cards.
2. Business reward credit cards may offer higher earning rates or bonus points on business-related spending categories such as travel, advertising, telecommunications, and office supplies. The ability to earn more rewards on business expenses can provide value for businesses but may also come with higher associated costs.
3. Some business credit cards offer specialized services such as expense management tools, accounting software integration, and dedicated customer support for business owners. These additional services may contribute to higher card fees.
4. Business reward credit cards often come with travel-related benefits such as complimentary travel insurance, airport lounge access, and travel credits. These perks can add value for business travelers but may also result in higher annual fees.

See the similar FAQ about Australian banks:

• Applying for a credit card from Westpac
• Bankwest: lost card, what should I do?
• Corporate charge card from CBA
• NAB corporate cards
• Westpac corporate credit cards

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

Bendigo and Adelaide Bank

Head office’s address: The Bendigo Centre

Contact center: 1-300-361-911

Phone: 61-2-8023-5417

Mail address: The Bendigo Centre PO Box 480 Bendigo Vic 3552

Web-site: http://www.bendigobank.com.au/

Swift code: BENDAU3B

Stock code: BEN

ABN: 11 068 049 178

BSB: 633-300

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

Hume Bank

Head office’s address: 492 Olive St

Contact center: 1-300-004-863

Mail address: PO Box 343 Albury NSW 2640

Web-site: https://www.humebank.com.au

Financial institution code: HUM

ABN: 85 051 868 556

BSB: 640-000

NAB

Head office’s address: 800 Bourke Street

Contact center: 13-22-65

Phone: 61-3-8566-7023

Mail address: Level 4, 800 Bourke Street, Docklands, VIC

Web-site: http://www.nab.com.au/

Swift code: NATAAU3303M

Financial institution code: NAB

Stock code: NAB

BSB: 086-027

Queensland Country Bank Limited

Head office’s address: 333 Ross River Road

Contact center: 1800 075 078

Phone: +61 7 4412 3526

Mail address: PO Box 679 Aitkenvale QLD 4814

Web-site: https://www.queenslandcountry.bank/

Swift code: QCCNAU41XXX

ABN: 77 087 651 027

BSB: 654 000

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

Suncorp Bank

Head office’s address: 80 Ann Street

Contact center: 13-11-55

Phone: 61-7-3362-2222

Mail address: PO Box A50 Sydney South NSW 1235

Web-site: http://www.suncorpbank.com.au/

Swift code: METWAU4B

ABN: 66 010 831 722

BSB: 484-799

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