American Express Business Accelerator Credit Card

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Card features
Rewards program
Earn rate
Sign up bonus
Points earned
American Express Business Accelerator Credit Card
Earn up to 2 pts per $1 spent for each dollar spent.
Receive 55 interest free days on your purchases.
Receive additional cards at no additional cost.
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Membership Rewards Ascent
Membership Rewards Ascent
2 pts
per $1 spent

Pros & cons

What's good?

What's not so good?

Earn up to 2 Membership Rewards points per $1 spent.
Receive up to 55 interest free days on your purchases.
Receive additional cards at no additional cost.
Receive monthly statements that provide a detailed, itemised list of business expenses.
Cards are Chip, PIN and Contactless enabled providing enhanced security, speed and convenience when making a purchase.
Transfer your Membership Rewards points to any of our 9 airline rewards partners and 2 leading frequent guest partner programs.
Use your points to shop online at or choose from a range of Gift Card partners.
Earn your points at a faster rate with additional cards linked to your account at no additional cost.
The 2 pts per $1 spent earn rate is capped at 100,000.
American Express is not accepted as widely compared to Visa or Mastercard. You may incur a surcharge for using your card at some stores.

Our review

Our review of the American Express Business Accelerator Credit CardReviewed by Yvonne Taylor

Credit card providers can throw in all the rewards and perks they can think of to tempt potential new cardholders, but if they don’t provide top class service they will lose more customers than they gain. This is especially true of a business credit card, because people who run their own enterprise know what customer service should look like: they won’t stick around if their own exacting standards aren’t met.

Fortunately, the American Express Business Accelerator Credit Card has a contact centre which is the winner of many awards from the Customer Service Institute of Australia, providing a great foundation for this business-oriented card with a high rewards earning rate and other useful features.

Designed with business in mind

This is very clearly a business credit card rather than a personal one. Your monthly or quarterly BAS and your annual tax return will be relatively painless as a result of the card’s itemised monthly statement of purchases, categorised into expense types with GST separately listed. Transactions can even be downloaded into Quicken, MYOB or Microsoft Excel for greater flexibility, and the American Express mobile app lets you manage your account from your phone.

As well as being chip, PIN and contactless payment enabled, the card is also ready for use with Apple Pay, for extra-secure contactless payments with Touch ID.

The award-winning customer service is available 24/7 wherever you are in the world, since successful business is often conducted on the move. Use your desktop computer, laptop or mobile phone to stay on top of the numbers and your repayments.

You can rely on an online fraud protection guarantee and global emergency card replacement to make sure that your turnover is not stalled by an interruption to your access to credit.

Business deserves rewards too

Loyalty rewards points are now a widespread feature of personal credit cards, but they are not so common in the world of business credit cards. So it’s particularly satisfying to find a business card which delivers points at such a fast rate.

There’s a good reason for the name ‘Business Accelerator’. At a standard rate of 2 pts per $1 spent, you’ll earn points at a speed equivalent to that of cards with a much higher annual fee.

There are two minor drawbacks. Firstly, the earning rate declines to 0.5 points per dollar for spending on utilities, on non-Amex insurance policies, and payments to government bodies like Australia Post and the ATO. Secondly, the two points per dollar drops to one point, once a yearly cap of 100,000 is reached. This means that if you used the card for $5,000 of business expenses per month you would probably reach the cap after ten months and be required to tolerate a more typical earning rate of one point per dollar for the remaining two months.

Ways to use your points

The rewards program does not have a conventional merchandise catalogue of the kind which allows you to exchange points for electrical appliances, apparel, toys, etcetera. But there are still plenty of redemption options. You can:

  • Use points to pay off your card account balance or annual fee, starting at 8,000 points for $50 and gradually improving the more points you redeem.
  • Shop with points at David Jones Online and Ticketmaster. (For example, a steel saucepan set which retails for $299 at David Jones can be yours for 40,365 Membership Rewards points – $20,182 of spending at two points per dollar, giving an approximate return of 1.5 cents per dollar spent).
  • Convert your points to frequent flyer points with nine airlines (Virgin Australia, Air New Zealand, Emirates, Etihad, Singapore Airlines, Malaysian Airlines, Cathay Pacific, Virgin Atlantic, Thai Airways) or loyalty points with two hotel groups (Hilton and Starwood).
  • Exchange points for a wide range of retail, travel and entertainment gift cards – typically 6,750 points for a $50 card, once again a return of roughly 1.5 cents per dollar spent.

Note that points do not expire, so you can accumulate them over the long term before redeeming them to get the best return rate.

Interest-free days and line of credit: cash flow management tools

The American Express Business Accelerator Credit Card can effectively be your business line of credit. The purchase interest rate of 20.74% p.a. makes it inappropriate as a long-term credit facility, but in combination with the interest-free days every month – Up to 55 days on purchases if you time your purchases to fall at the very beginning of the billing cycle – it becomes a very useful cash flow management and short-term credit tool. Brief financial ups and downs can be evened out without the need to continually contact your bank.

Moderate fee and free additional cards

The cards $160 p.a. annual fee is surprisingly reasonable given the accelerated points earning rate. Add to this the fact that additional cards on the account are issued free of charge, allowing you to extend your business purchasing power to trusted staff members, and it begins to look like a positive bargain.

Sadly, no introductory offers or complimentary insurance cover

The only thing missing from this business credit card package is complimentary travel insurance cover. Amex have no doubt weighed the cost of granting cover against the appeal of a lower than expected fee, and tipped the balance in favour of fee economy. Similar reasons possibly lie behind the absence of introductory interest-free periods on purchases and balance transfers, which are in any case more suited to personal credit cards.

But this card is all about business

Personal credit cards, however, are not really designed with business in mind. But the American Express Business Accelerator Credit Card is perfectly organised for business use, as emphasised by its features. Sole traders and small-to-medium business owners will welcome the wealth of tax-oriented detail in the monthly statements as well as the speed, convenience and security of contactless payments, Apple Pay and great customer service. The annual fee may be tax deductible if the card is used only for business expenditure. And the high points earning rate in a flexible rewards scheme, for a very reasonable annual fee, should seal the deal.

User reviews

4.9 out of 5.0 based on 1 review100% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

I saved a lot of fees with this card

Reviewed and recommended by Tania on 20 Sep 2016

This card is worthwhile getting as it’s fantastic. It’s a type of card that will be in demand as its features will attract lots of customers to buy items with this card. I can’t stop plugging this card enough, it’s such good value. So get yourself one — you’ll never forget the time you got this card.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
American Express
Card use
Credit rating
No bad credit history
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Membership Rewards Ascent
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment

Rates & fees

Ongoing interest rates

Cash advances N/A N/A
Purchases 1.73% 20.74% p.a.


Annual fee
$160 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Rewards program basics

First purchase bonus
Reward points expiry
No expiry as long as you keep your account active
Rewards program
Membership Rewards Ascent
Sign up bonus
Spend required for bonus points

Earning points with this card

Frequent flyer points
2 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
0.5 pts per $1 spent
Reward points
2 pts per $1 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $24,000 per year
Have no history of bad credit
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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