NAB Qantas Business Signature Card | Review & Apply Online

NAB Qantas Business Signature Card

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NAB Qantas Business Signature Card
NAB Qantas Business Signature Card
100,000 Bonus Qantas Points when you spend $4,000 on everyday purchases in 60 days.
Experience fast online application.
Earn 1 Qantas Point per $1.50 spent on everyday business purchases.
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18.50% p.a.
ongoing
$295
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Pros & cons

What's good?

What's not so good?

100,000 Bonus Qantas Points when you spend $4,000 on everyday purchases in 60 days.
Up to 44 days on purchases.
Earn 1 Qantas Point per $1.50 spent on everyday business purchases.
24 hour, 7 day Platinum Concierge Service.
Experience fast online application.
Enjoy complimentary Qantas Frequent Flyer joining fee of $99.50.
Enable for Apple Pay and Visa PayWave for a contactless and faster transaction.
$295 p.a. annual fee.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the NAB Qantas Business Signature CardReviewed by Yvonne Taylor

Business owners who are dedicated Qantas Frequent Flyers are likely to already have a personal credit card earning valuable Qantas points. So they will welcome the news that they can also have a card which earns QFF points on their considerable business expenditure. It’s called the NAB Qantas Business Signature Card, and it features a huge bonus points boost, a very reasonable ongoing points earning rate, and some extra benefits tailored for businesses.

100,000 QFF bonus point bonanza

Need to travel on business to Europe or the US in a hurry? These 100,000 bonus points would get you an economy return fare to Los Angeles (90,000 points) and are almost enough for a return fare to Dallas Fort Worth or Chicago (110,000 points) or London, Paris or New York (120,000 points).

Simply spend $4,000 with your card in the first 60 days, and these bonus points will be credited to your QFF points account.

Very reasonable ongoing points earning rate

Qantas points cards normally have a points earning rate that is in line with the annual fee being charged. In this case, the fee is quite a lot less than that charged for the personal NAB Qantas Rewards Signature Card, so the points earning rate is inevitably lower, but still reasonable.

The rate is 1.0 QFF points per $1.50 spent on eligible business purchases (i.e. excluding payments to the ATO, card fees and interest charges, and cash equivalents). For comparison purposes, that works out to around 0.67 QFF points per dollar spent.

NAB will pay the QFF program joining fee for new cardholders who are not already members.

Generous monthly points cap

Points are capped at $50,000 spending per card, per statement period. This means that there is the potential to earn 400,000 points per card, per year. The bonus points are not included in the cap.

Best ways to use the Qantas points

Avoid trying to reduce your business costs – or reward staff and customers – by exchanging Qantas points for retail gift cards or merchandise. You’ll get a return of 0.5 cents per point or less, and you can do much better.

Using Qantas points for short domestic economy flights may deliver only a slightly better result. Instead, save up the points for long-haul flights, or business or first class seats, or for seat upgrades where you have purchased the original fare using the card (thus earning points from both Qantas and NAB). This type of points use can return value of between 1.0 and 4.0 cents for each point.

More cards means more points earners

A sole trader may need only a single card, but a medium-sized business could make use of multiple cards on the same account, each card earning valuable points and ensuring that the highest possible percentage of business expenses contributes to the points pool.

Alternatively, points can be directed to the personal QFF points account of each cardholder, as an incentive for staff or perhaps as a form of compensation if they need to do large amounts of business travel. You can have up to four additional cards on the account without paying extra annual fees.

Individual and summary monthly statements

You can set an individual credit limit for each cardholder, fitting within the overall facility credit limit. A detailed monthly statement is issued every month for each cardholder, plus you’ll receive a summary statement for the total account. This makes it easy to track and control expenses and transfer results into your accounting system.

Two types of complimentary insurance

In addition to the individual credit limits, further protection against unauthorised use is provided by NAB Commercial Cards Unauthorised Transaction Insurance, a free policy which accompanies the card account.

You and your employee cardholders will also be covered by NAB Commercial Cards Transport Accident Insurance whenever you use the card to pay a fare on a plane, train, bus or ferry, both in Australia and overseas. This could save you money by removing the need to pay for this type of business insurance.

Global concierge service

Visa’s worldwide concierge, provided with the card, could be a useful timesaver for time-poor business travellers, or business entertainers closer to home.

Visa business benefits

Further special advantages for business also come courtesy of Visa, in the form of car rental fee reductions or waivers, an accommodation booking service, duty-free shopping discounts and other travel-related benefits.

Don’t choose this card for the interest rates

It wouldn’t make sense to run a business using a credit card as a long-term finance facility, and this card’s interest rates – 18.50 percent p.a. for purchases and 21.74 percent p.a. for cash advances – are certainly not designed to encourage that. Talk to your bank about a loan or overdraft facility if you need continuing working capital, but you can feel a little more secure knowing that your credit card could be a short-term facility – admittedly an expensive one – if you needed it.

Meanwhile, extract every possible advantage from the up to 44 interest-free days on purchases. Time your major payments and purchases to occur near the beginning of your card’s billing cycle if possible (your creditors may be able to accommodate this) and pay your account balance in full when due, to avoid interest charges.

Sizeable annual fee is tax deductible

At $295, the amount of the annual fee might make you pause for a moment. It’s $100 less than the equivalent personal card – the NAB Qantas Rewards Signature Card – but its points earning rate is lower and it lacks the complimentary travel insurance which accompanies the personal card.

However, the personal card is not really suitable for a business. Its $5,000 points earning cap per statement period would be too restrictive, and it doesn’t have the business card’s unauthorised transaction insurance.

Having this separate business card will allow you to keep personal and business expenditure completely separate, and the annual fee and any other fees should be tax deductible.

Eligibility criteria

You can apply for this card if you are over 18, a citizen or permanent resident of Australia, have an ABN, are registered for GST, and can provide at least 12 months of financial history for your business.

The ideal card if your business involves travel

Any business owner using this card has the opportunity to cut business travel costs by earning Qantas points on most business expenses except wages and tax. The points earned can be added to the points already acquired by making paid flights with Qantas, and directed towards free flights or upgrades for travelling employees. This could go a long way towards improving the bottom line.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
Visa
Card use
Business
Credit rating
Any
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$75,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Qantas Frequent Flyer
Temporary residents
Yes

Cardholders

Additional cardholders
4
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$5,000
Maximum credit limit
$55,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 44 days on purchases
Minimum repayment
N/A

Rates & fees

Ongoing interest rates

MonthlyAnnually
Cash advances 1.81% 21.74% p.a.
Purchases 1.54% 18.50% p.a.

Fees

Annual fee
$295 p.a.
Cash advance fee
whichever is greater, $2.50 or 2%
Dishonour fee
$5
Duplicate statement fee
$7
Foreign exchange fee
3%
Late payment fee
$15
Over limit fee
$0
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$4
Overseas emergency card replacement fee
$100
Transaction verification fee
$5

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

First purchase bonus
100,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
$4,000 in 60 days

Earning points with this card

Frequent flyer points
1 pt per $1.50 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
50,000
Points cap per year
600,000
Points earned on ATO payments
N/A
Reward points
1 pt per $1.50 spent

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
Yes

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 $75,000 per year
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are acceptable.
Austudy, Carer's Allowance, Child Support Payments, Family Tax Benefits and Parenting Payments and Foster Care Allowance are acceptable.
Joint applications are not allowed
Youth Allowance is not acceptable.
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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