In our corporate credit card guide:
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Card | American Express Corporate Platinum Card |
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Interest rate | n/a |
Annual fee | $800 |
Cash flow days | Up to 51 |
Rewards points | Earn up to 2 Membership Rewards points per $1 spent. Plus, get 350,000 bonus points when you are approved and spend $25k on eligible purchases in the first 2 months. Apply by 25 June 2024. New card members only, T&Cs apply. |
Travel insurance included? | Yes |
Visit provider | |
Card | American Express Qantas Corporate Platinum Card |
Interest rate | n/a |
Annual fee | $1,200 |
Cash flow days | Up to 51 |
Rewards points | Earn up to 2 points per $1 spent on standard eligible purchases (bonus points apply for spending with Qantas). Plus get 350,000 Membership Rewards® Bonus Points when you're approved and spend $25k on eligible purchases in the first 2 months.T&Cs apply, new members only. |
Travel insurance included? | Yes |
Visit provider | |
Card | American Express Qantas Corporate Card |
Interest rate | n/a |
Annual fee | $159 (includes optional membership rewards fee of $89) |
Cash flow days | Up to 51 |
Rewards points | Earn up to 1.5 points per $1 spent on everyday corporate purchases, or 2 points per $1 spent on eligible Qantas products and services. Plus, get 50,000 bonus points when you spend $10k on eligible purchases in the first 2 months. |
Travel insurance included? | Accident cover only |
Visit provider | |
Card | American Express Corporate Card |
Interest rate | n/a |
Annual fee | $159 (includes optional membership rewards fee of $89) |
Cash flow days | Up to 51 |
Rewards points | Earn up to 1.5 Membership Rewards points per $1 spent. Plus, get 50,000 bonus points when you spend $10k on eligible purchases in the first 2 months. |
Travel insurance included? | Accident cover only |
Visit provider | |
Card | American Express Corporate Gold Card |
Interest rate | n/a |
Annual fee | $194 (includes optional membership rewards fee of $89) |
Cash flow days | Up to 51 |
Rewards points | Earn up to 1.5 Membership Rewards points per $1 spent. Plus, get 75,000 bonus points when you spend $10k on eligible purchases in the first 2 months. |
Travel insurance included? | Yes |
Visit provider | |
Card | American Express Qantas Corporate Gold Card |
Interest rate | n/a |
Annual fee | $194 (includes optional membership rewards fee of $89) |
Cash flow days | Up to 51 |
Rewards points | Earn up to 1.5 Qantas points per $1 spent on standard eligible purchases (or 2 points per $1 for spending with Qantas). Plus get 75,000 bonus points when you're approved and spend $10k on eligible purchases in the first 2 months. |
Travel insurance included? | Yes |
Visit provider | |
Card | CommBank Corporate Charge Card |
Interest rate | n/a |
Annual fee | $40 per card (1-49 cards); $32 per card (50-499 cards); $24 per card (500+ cards) One-off $300 establishment fee also applies |
Cash flow days | Up to 31 |
Rewards points | No rewards program |
Travel insurance included? | Transit accident insurance only |
Visit provider | |
Card | CommBank Corporate Low Rate Credit Card |
Interest rate | 14.55% p.a. (unsecured) |
Annual fee | $40 per card (1-49 cards); $32 per card (50-499 cards); $24 per card (500+ cards) |
Cash flow days | Not listed |
Rewards points | No rewards program |
Travel insurance included? | Transit accident insurance only |
Visit provider | |
Card | CommBank Interest-Free Days Credit Card |
Interest rate | 17.57% p.a. (unsecured); 8.50% p.a. p.a. (residentially secured); 13.49% p.a. (commercially secured) |
Annual fee | $40 per card (1-49 cards); $32 per card (50-499 cards); $24 per card (500+ cards) |
Cash flow days | Up to 55 |
Rewards points | No rewards program |
Travel insurance included? | Transit accident insurance only |
Visit provider |
Card | Interest rate | Annual fee | Cash flow days | Rewards points | Travel insurance included? | Visit provider |
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American Express Corporate Platinum Card | n/a | $800 | Up to 51 | Earn up to 2 Membership Rewards points per $1 spent. Plus, get 350,000 bonus points when you are approved and spend $25k on eligible purchases in the first 2 months. Apply by 25 June 2024. New card members only, T&Cs apply. | Yes | |
American Express Qantas Corporate Platinum Card | n/a | $1,200 | Up to 51 | Earn up to 2 points per $1 spent on standard eligible purchases (bonus points apply for spending with Qantas). Plus get 350,000 Membership Rewards® Bonus Points when you're approved and spend $25k on eligible purchases in the first 2 months.T&Cs apply, new members only. | Yes | |
American Express Qantas Corporate Card | n/a | $159 (includes optional membership rewards fee of $89) | Up to 51 | Earn up to 1.5 points per $1 spent on everyday corporate purchases, or 2 points per $1 spent on eligible Qantas products and services. Plus, get 50,000 bonus points when you spend $10k on eligible purchases in the first 2 months. | Accident cover only | |
American Express Corporate Card | n/a | $159 (includes optional membership rewards fee of $89) | Up to 51 | Earn up to 1.5 Membership Rewards points per $1 spent. Plus, get 50,000 bonus points when you spend $10k on eligible purchases in the first 2 months. | Accident cover only | |
American Express Corporate Gold Card | n/a | $194 (includes optional membership rewards fee of $89) | Up to 51 | Earn up to 1.5 Membership Rewards points per $1 spent. Plus, get 75,000 bonus points when you spend $10k on eligible purchases in the first 2 months. | Yes | |
American Express Qantas Corporate Gold Card | n/a | $194 (includes optional membership rewards fee of $89) | Up to 51 | Earn up to 1.5 Qantas points per $1 spent on standard eligible purchases (or 2 points per $1 for spending with Qantas). Plus get 75,000 bonus points when you're approved and spend $10k on eligible purchases in the first 2 months. | Yes | |
CommBank Corporate Charge Card | n/a | $40 per card (1-49 cards); $32 per card (50-499 cards); $24 per card (500+ cards) One-off $300 establishment fee also applies | Up to 31 | No rewards program | Transit accident insurance only | |
CommBank Corporate Low Rate Credit Card | 14.55% p.a. (unsecured) | $40 per card (1-49 cards); $32 per card (50-499 cards); $24 per card (500+ cards) | Not listed | No rewards program | Transit accident insurance only | |
CommBank Interest-Free Days Credit Card | 17.57% p.a. (unsecured); 8.50% p.a. p.a. (residentially secured); 13.49% p.a. (commercially secured) | $40 per card (1-49 cards); $32 per card (50-499 cards); $24 per card (500+ cards) | Up to 55 | No rewards program | Transit accident insurance only |
Corporate credit cards are commonly used by large businesses and organisations as a way of making business payments, managing cash flow and enabling staff to pay for expenses. They're usually only offered to businesses with a high turnover (e.g. over $10m), or businesses that require a large number of employee cards.
For smaller companies, a business credit card facility is usually sufficient.
In many cases, corporate credit cards are in fact charge cards. In fact, if you have a corporate card from either American Express or Diners Club it will almost certainly be a charge card.
Money.com.au’s credit card and payments expert, Brad Kelly, says there are some significant benefits for large companies that use charge cards as their corporate cards.
Unlike a credit card, a charge card is not a liability on your balance sheet, it’s an expense. If you are tying up your balance sheet with credit card liabilities, it reduces your working capital. For a large corporate with 500 cards issued to staff, that could be tens or hundreds of millions of dollars in a revolving credit facility. A charge card doesn’t do that. It's a much more efficient utilisation of your balance sheet.
Brad Kelly, Money.com.au's card and payments expert
The main providers of corporate credit cards in Australia are:
While some of these providers advertise specific corporate cards with features, rates and fees shown, when it comes to corporate clients, most of these providers will offer bespoke programs with tailored rates, terms and benefits.
Because of the complexity of rolling out corporate credit cards at a large organisation, it's important to make sure you choose the right card scheme from the start. Here are some of the key things to look for.
This offers your organisation the ability to earn credit card reward points on spending and access perks and exclusive offers. Some programs (e.g. Amex) offer you the ability to convert points to a number of different frequent flyer credit card programs.
A good corporate credit card program will give your finance team the ability to track spending at a card level and assess it for compliance with company expense and travel policies.
Corporate cards generally offer the organisation the ability to set individual limits on cards issued to different employees. For example, cards given to different levels of management.
Corporate card providers will give your organisation access to reports with detailed breakdowns on spending and payments, plus forecasts that will help your finance team with planning.
Most corporate credit card programs will offer integration with common financial software. But some providers do this better than others.
Having physical corporate cards can create hassle and security risk for organisations and is often not necessary depending on how the card is used. Some corporate card programs (NAB and HSBC, for example) facilitate the issuing of virtual cards to staff. This can either be a card that only exists on a digital wallet or a unique account and card number that’s generated for each transaction.
This protects organisations from misuse of their corporate credit cards and is sometimes included as a complimentary extra with corporate card schemes (e.g. CommBank).
Some corporate credit cards will include travel insurance that offers cover for a range of risks relating to corporate travel. This generally only applies to travel that was paid for using the card, although the cover provided through certain Amex corporate cards will apply regardless of whether the card itself was used to book the travel.
Higher-end corporate credit cards often offer access to airport lounges. The specific lounges you can access will depend on the card provider and the specific card you have.
Corporate credit cards often come with extras like media subscriptions or early access to corporate event tickets.
As a corporate client, you typically have access to dedicated support from the card provider that is not available to small business or personal customers.
For corporate clients with large numbers of cards issued to staff, it’s particularly important to pay attention to card fees that are applied at an individual card level, such as:
Plus there are the usual credit card fees that will also typically apply to corporate cards, including:
Title | Purpose |
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Charge card | Can be used for payments made online and in-store, both in Australia and overseas, with transactions paid off at a later date. |
Credit card | Can be used for payments made online and in-store, both in Australia and overseas, with transactions paid off at a later date. |
Title | Credit limit |
Charge card | No pre-set spending limit. |
Credit card | Each card has a set credit limit. |
Title | Days to pay off purchases |
Charge card | Charge cards come with ‘cash flow days’ – 55 days is the max available. |
Credit card | Offers ‘interest-free days’ which is the time period after a transaction is made before interest applies. |
Title | Repayment options |
Charge card | The card balance must be paid off in full every month (unless there is a ‘flexible repayment plan’). |
Credit card | A minimum repayment must be made each month but cardholders can ‘revolve’ their balance from month to month. |
Title | Interest |
Charge card | There are no interest charges but fees apply if the balance is not paid in full. |
Credit card | Interest is charged on any outstanding balance beyond the card’s interest-free period. |
Title | Rewards |
Charge card | The card can usually be used to earn rewards points and access other perks. |
Credit card | Some credit cards offer rewards and perks, but there are also basic cards with no fees. |
Title | Charge card | Credit card |
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Purpose | Can be used for payments made online and in-store, both in Australia and overseas, with transactions paid off at a later date. | Can be used for payments made online and in-store, both in Australia and overseas, with transactions paid off at a later date. |
Credit limit | No pre-set spending limit. | Each card has a set credit limit. |
Days to pay off purchases | Charge cards come with ‘cash flow days’ – 55 days is the max available. | Offers ‘interest-free days’ which is the time period after a transaction is made before interest applies. |
Repayment options | The card balance must be paid off in full every month (unless there is a ‘flexible repayment plan’). | A minimum repayment must be made each month but cardholders can ‘revolve’ their balance from month to month. |
Interest | There are no interest charges but fees apply if the balance is not paid in full. | Interest is charged on any outstanding balance beyond the card’s interest-free period. |
Rewards | The card can usually be used to earn rewards points and access other perks. | Some credit cards offer rewards and perks, but there are also basic cards with no fees. |
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