Charge Cards in Australia:14 Options Compared

  • Compare charge cards in Australia based on fees, rewards and more.
  • Our expert explains how charge cards work and who may benefit from using a charge card vs a credit card.
Charge card
Charge card
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In our charge card guide:

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Compare business charge cards

This table shows charge cards available to business customers in Australia. Business cards are generally designed for companies with a turnover of less than $10m. The table is sorted by the highest points per $1 earn rate, then lowest annual fee.

Card

American Express Platinum Business Card

Bonus sign-up points

Earn 250,000 Membership Rewards® Bonus Points plus a $500 credit when you apply by 9 April 2024, are approved and spend $12,000 on eligible purchases with your new card within 3 months of approval. New Amex card members only. T&Cs apply.

Points per $1 spent
  • 2.25 on eligible spending
  • 1 on government-related spending
Annual fee

$1,750; $0 per additional employee cards (up to 99)

Cash flow days

Up to 55

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Card

American Express Gold Business Card

Bonus sign-up points

Earn 75,000 Membership Rewards Bonus Points when you spend $1,000 on eligible purchases within 2 months of approval. New Amex card members only. Membership Rewards® enrolment required upon application, program annual fee applies.

Points per $1 spent
  • 1.5 on eligible everyday purchases
  • 1 on government spend
Annual fee

$249, (includes optional membership rewards fee of $89); plus $119 per additional employee card (up to 99)

Cash flow days

Up to 51

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Card

American Express Qantas Business Rewards Card

Bonus sign-up points

Earn 150,000 bonus Qantas Points when you apply by 2 April 2024, are approved and spend $3,000 on eligible purchases with your new card within 2 months of approval. New Amex Card Members only. T&C’s apply.

Points per $1 spent
  • 2 on Qantas products and services
  • Up to 1.25 on everyday business spend*
  • 0.5 on government, utilities and insurance
Annual fee

$450; $0 per additional employee cards (up to 99)

Cash flow days

Up to 51

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Card

American Express Velocity Business Card

Bonus sign-up points

Earn 100,000 bonus Velocity Points when you apply by 15 May 2024, are approved and spend $3,000 on eligible purchases on your new card within 2 months of approval. New Amex card members only. T&C’s apply.

Points per $1 spent
  • 2 on travel with Virgin Australia
  • 1 on everyday spend
  • 0.5 on ATO and government spend
Annual fee

$249, plus $99 per additional employee card (up to 99).

Cash flow days

Up to 51

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Card

Diners Club Card

Bonus sign-up points

n/a

Points per $1 spent
  • 1
Annual fee

$172 (including $77 rewards fee), plus $80 additional cardholder fee

Cash flow days

Up to 51

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Card

Diners Club Card + Mastercard

Bonus sign-up points

n/a

Points per $1 spent
  • 1 on your Diners Club card
  • 0.5 when you use the companion Mastercard
Annual fee

$249 (including rewards fee), plus $79 additional cardholder fee

Cash flow days

Up to 51

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CardBonus sign-up pointsPoints per $1 spentAnnual feeCash flow daysVisit provider

American Express Platinum Business Card

Earn 250,000 Membership Rewards® Bonus Points plus a $500 credit when you apply by 9 April 2024, are approved and spend $12,000 on eligible purchases with your new card within 3 months of approval. New Amex card members only. T&Cs apply.

  • 2.25 on eligible spending
  • 1 on government-related spending

$1,750; $0 per additional employee cards (up to 99)

Up to 55

American Express Gold Business Card

Earn 75,000 Membership Rewards Bonus Points when you spend $1,000 on eligible purchases within 2 months of approval. New Amex card members only. Membership Rewards® enrolment required upon application, program annual fee applies.

  • 1.5 on eligible everyday purchases
  • 1 on government spend

$249, (includes optional membership rewards fee of $89); plus $119 per additional employee card (up to 99)

Up to 51

American Express Qantas Business Rewards Card

Earn 150,000 bonus Qantas Points when you apply by 2 April 2024, are approved and spend $3,000 on eligible purchases with your new card within 2 months of approval. New Amex Card Members only. T&C’s apply.

  • 2 on Qantas products and services
  • Up to 1.25 on everyday business spend*
  • 0.5 on government, utilities and insurance

$450; $0 per additional employee cards (up to 99)

Up to 51

American Express Velocity Business Card

Earn 100,000 bonus Velocity Points when you apply by 15 May 2024, are approved and spend $3,000 on eligible purchases on your new card within 2 months of approval. New Amex card members only. T&C’s apply.

  • 2 on travel with Virgin Australia
  • 1 on everyday spend
  • 0.5 on ATO and government spend

$249, plus $99 per additional employee card (up to 99).

Up to 51

Diners Club Card

n/a

  • 1

$172 (including $77 rewards fee), plus $80 additional cardholder fee

Up to 51

Diners Club Card + Mastercard

n/a

  • 1 on your Diners Club card
  • 0.5 when you use the companion Mastercard

$249 (including rewards fee), plus $79 additional cardholder fee

Up to 51

Card information correct as at 5 February 2024. Check with the provider for full card details, including fees, limits, terms and conditions to make sure the card is right for you. *After a total of 500,000 Qantas Points is earned in a calendar year, the everyday business earn rate on the American Express® Qantas Business Rewards Card will change from 1.25 to 0.75 Qantas Points per $1 spent. For Card Members who applied for the Card between 1 July 2023 – 9 January 2024, this change will come into effect from 10 July 2024.

Compare corporate charge cards

This table shows charge cards available to corporate customers in Australia. Corporate cards are generally designed for companies with a turnover of more than $10m. The table is sorted by the highest points per $1 earn rate, then lowest annual fee.

Card

American Express Corporate Platinum Card

Bonus sign-up points

Earn 250,000 bonus points plus a $500 credit when you apply by 9 April 2024, are approved and spend $25,000 on eligible purchases on your new card within 2 months of approval. T&Cs apply. Available for new members only.

Points per $1 spent
  • 2 on eligible everyday purchases
  • 1 on government-related spend
Annual fee

$800

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Card

American Express Qantas Corporate Platinum Card

Bonus sign-up points

Earn 250,000 bonus points plus a $500 credit when you apply by 9 April 2024, are approved and spend $25,000 on eligible purchases on your new card within 2 months of approval. T&Cs apply. Available for new members only.

Points per $1 spent
  • 2 on eligible Qantas products and services & everyday purchases
  • 1 on government spend
Annual fee

$1,200

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Card

American Express Qantas Corporate Card

Bonus sign-up points

Earn 50,000 bonus points when you apply, are approved and spend $10,000 on eligible purchases on your card within 2 months of approval Available for new Corporate Card Programs only. Membership Rewards enrolment required; annual fee applies.

Points per $1 spent
  • 2 on eligible Qantas products and services
  • 1.5 on everyday spend
  • 1 point on government spend
Annual fee

$159 (includes optional membership rewards fee of $89)

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Card

American Express Corporate Card

Bonus sign-up points

Earn 50,000 bonus points when you apply, are approved and spend $10,000 on eligible purchases on your new card within two months of approval. Available for new Corporate Card Programs only. Membership Rewards® enrolment required; annual fee applies.

Points per $1 spent
  • 1.5 on standard eligible purchases
  • 1 on government spend
Annual fee

$159 (includes optional membership rewards fee of $89)

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Card

American Express Corporate Gold Card

Bonus sign-up points

Earn 75,000 onus points when you apply, are approved and spend $10,000 on eligible purchases on your new card within 2 months of approval. Available for new Corporate Card Programs only. Membership Rewards® enrolment required; annual fee applies.

Points per $1 spent
  • 1.5 on standard eligible spent
  • 1 on government spend
Annual fee

$194 (includes optional membership rewards fee of $89)

Visit provider

Card

American Express Qantas Corporate Gold Card

Bonus sign-up points

Earn 75,000 bonus points when you apply, are approved and spend $10,000 on eligible purchases on your American Express® Qantas Corporate Gold Card within 2 months of approval. Membership Rewards® enrolment required; annual fee applies.

Points per $1 spent
  • 2 on eligible Qantas products and services
  • 1.5 on everyday spend
  • 1 on government spend
Annual fee

$194 (includes optional membership rewards fee of $89)

Visit provider

Card

Diners Club Card

Bonus sign-up points

n/a

Points per $1 spent
  • 1 on eligible purchases
Annual fee

$172 (including $77 rewards fee), plus $80 additional cardholder fee

Visit provider

Card

Diners Club Card + Mastercard

Bonus sign-up points

n/a

Points per $1 spent
  • 1 on eligible purchases (Diners Club) Plus
  • 0.5 (Mastercard)
Annual fee

$249 (including rewards fee), plus $79 additional cardholder fee

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Card

CommBank Corporate Charge Card

Bonus sign-up points

n/a

Points per $1 spent

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.

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CardBonus sign-up points Points per $1 spentAnnual feeVisit provider

American Express Corporate Platinum Card

Earn 250,000 bonus points plus a $500 credit when you apply by 9 April 2024, are approved and spend $25,000 on eligible purchases on your new card within 2 months of approval. T&Cs apply. Available for new members only.

  • 2 on eligible everyday purchases
  • 1 on government-related spend

$800

American Express Qantas Corporate Platinum Card

Earn 250,000 bonus points plus a $500 credit when you apply by 9 April 2024, are approved and spend $25,000 on eligible purchases on your new card within 2 months of approval. T&Cs apply. Available for new members only.

  • 2 on eligible Qantas products and services & everyday purchases
  • 1 on government spend

$1,200

American Express Qantas Corporate Card

Earn 50,000 bonus points when you apply, are approved and spend $10,000 on eligible purchases on your card within 2 months of approval Available for new Corporate Card Programs only. Membership Rewards enrolment required; annual fee applies.

  • 2 on eligible Qantas products and services
  • 1.5 on everyday spend
  • 1 point on government spend

$159 (includes optional membership rewards fee of $89)

American Express Corporate Card

Earn 50,000 bonus points when you apply, are approved and spend $10,000 on eligible purchases on your new card within two months of approval. Available for new Corporate Card Programs only. Membership Rewards® enrolment required; annual fee applies.

  • 1.5 on standard eligible purchases
  • 1 on government spend

$159 (includes optional membership rewards fee of $89)

American Express Corporate Gold Card

Earn 75,000 onus points when you apply, are approved and spend $10,000 on eligible purchases on your new card within 2 months of approval. Available for new Corporate Card Programs only. Membership Rewards® enrolment required; annual fee applies.

  • 1.5 on standard eligible spent
  • 1 on government spend

$194 (includes optional membership rewards fee of $89)

American Express Qantas Corporate Gold Card

Earn 75,000 bonus points when you apply, are approved and spend $10,000 on eligible purchases on your American Express® Qantas Corporate Gold Card within 2 months of approval. Membership Rewards® enrolment required; annual fee applies.

  • 2 on eligible Qantas products and services
  • 1.5 on everyday spend
  • 1 on government spend

$194 (includes optional membership rewards fee of $89)

Diners Club Card

n/a

  • 1 on eligible purchases

$172 (including $77 rewards fee), plus $80 additional cardholder fee

Diners Club Card + Mastercard

n/a

  • 1 on eligible purchases (Diners Club) Plus
  • 0.5 (Mastercard)

$249 (including rewards fee), plus $79 additional cardholder fee

CommBank Corporate Charge Card

n/a

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.

Card information correct as at 16 January 2024. Check with the provider for full card details, including fees, limits, terms and conditions to make sure the card is right for you.

Compare personal charge cards

This is a simple category to compare as there is only one charge card currently on offer in Australia for individuals (those not applying as a business owner).

American Express Platinum Card

Bonus sign-up points

Earn 200,000 Bonus Membership Rewards Points when you apply online by 9 April 2024, are approved, and spend $5k on your new card within the first 3 months. T&Cs apply. New Card Members only.

Points per $1 spent
  • Up to 2.25 (uncapped)
Annual fee

$1,450

Cash flow days

Up to 44

Visit provider
Bonus sign-up points Points per $1 spentAnnual feeCash flow daysVisit provider

American Express Platinum Card

Earn 200,000 Bonus Membership Rewards Points when you apply online by 9 April 2024, are approved, and spend $5k on your new card within the first 3 months. T&Cs apply. New Card Members only.

  • Up to 2.25 (uncapped)

$1,450

Up to 44

Card information correct as at 6 February 2024. Check with the provider for full card details, including fees, limits, terms and conditions to make sure the card is right for you.

What is a charge card?

A charge card is a payment card that operates similarly to a credit card but doesn’t charge interest. Instead, the card’s balance must be paid off in full each month.

  • You can use a charge card for payments in Australia and overseas just like you can with a credit card.

  • Charge cards also come with most of the same fees, features and rewards as credit cards, although there is no balance transfer option.

  • Unlike a credit card, a charge card doesn’t have a fixed credit limit. Spending is approved based on the cardholder’s payment and credit history, as well as their capacity to pay off the card balance (i.e. their income or revenue in the case of a business).

  • In Australia, charge cards are primarily used by businesses, although there is one notable option for consumers – the perk-heavy but pricey Amex Platinum Card.

Money.com.au’s credit cards and payments expert, Brad Kelly, says charge cards have some unique advantages for businesses over business credit cards.

Expert's view on charge cards

Brad Kelly

The biggest benefit is that 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. That’s the fuel that runs your business. A charge card doesn’t do that, which is something a lot of businesses don’t realise. It's a very efficient utilisation of your balance sheet, as long as you pay the bill off every month.

Brad Kelly, Money.com.au's card and payments expert

Charge card vs credit card: What's the difference?

Title

Purpose

Charge card

Can be used for payments online and in-store, both in Australia and overseas, with transactions paid off at a later date.

Credit card

Can be used for payments online and in-store, both in Australia and overseas, with transactions paid off at a later date.

Title

Who uses them?

Charge card

Primarily used by businesses but available to individuals too.

Credit card

Used by businesses and individuals.

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.

TitleCharge cardCredit card

Purpose

Can be used for payments online and in-store, both in Australia and overseas, with transactions paid off at a later date.

Can be used for payments online and in-store, both in Australia and overseas, with transactions paid off at a later date.

Who uses them?

Primarily used by businesses but available to individuals too.

Used by businesses and individuals.

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.

Benefits of a charge card

Interest and fees

No interest charges

Bank Statement Health

No pre-set spend limit

Rewards

Offers the same rewards and perks as credit cards

Lender loan assessment

An expense (not a liability) on company balance sheet

Drawbacks of a charge card

dollar icon

Usually a high annual fee

Consolidating debt

Fees apply if balance is not cleared every month

Credit card

Limited number of options available in Australia

Debt consolidation loans

Requires discipline to avoid overspending

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If you don’t repay your charge card balance in full and on time, a late fee will apply. With Australia’s main charge card provider, Amex, the fee is 3% of the overdue amount or $20, whichever is higher.

What do you get with a charge card?

This very much depends on the charge card you choose, but the average charge card typically offers more perks and features than the average credit card.

According to Brad, this is because charge cards are aimed at business and higher-income customers who spend a lot, are prepared to pay a high annual card fee, but expect a lot in return.

For example, analysis by Money.com.au found that all but one of the charge cards on our database offer the ability to earn rewards points. By comparison, only 54% of credit cards offer rewards points (the rest being basic low fee or low rate credit cards).

But you pay for the extra perks. The average annual card fee among the charge cards on Money.com.au’s database is $523 compared to around $135 for a credit card, our research shows.

Rewards credit cards

Charge card features and perks

Most charge cards offer features like:

  • Reward points for every $1 spent (either linked to the card provider’s own reward program or a linked frequent flyer credit card scheme)
  • Bonus reward points when you sign up
  • Complimentary travel insurance
  • Access to exclusive discounts, offers and credits for participating retailers, hotels and restaurants.
  • Airport lounge passes
  • Option to have extra cards for employees (or family members if it’s a personal card)
  • Integration with business accounting software and ATO-compliant card statements

Who uses charge cards in Australia?

Charge cards are primarily used as a source of finance for small business owners and large corporate customers to manage spending. There are 14 business and corporate charge cards on the market in Australia, but only one consumer option.

However, according to Brad there can be advantages to having a charge card for personal use due to the flexibility.

“The key is that there's no preset spending limit. The amount of money that you can spend is mainly determined by your ability to repay it,” Brad explains.

Brad Kelly

A credit card is a lot less flexible because of the credit limit. Let's say, for instance, you take a family trip to Europe and you’re renting cars, booking hotels and eating out a lot. You will max out that hard credit card limit in a flash. With a charge card, it’s more likely the card provider will work with you and wave through a higher-than-usual spend in a month if you need it, as long as the provider is confident you can afford it.

Brad Kelly, Money.com.au's card and payments expert

By contrast, extending your limit on a credit card usually requires a credit application and additional credit check. This could have an impact on your borrowing capacity if you need to apply for another credit product (e.g. a home loan) down the track.

Brad says this flexibility is a major part of the growing appeal of charge cards and why the main providers have been able to grow their market share in Australia in recent years.

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Fun fact: The single largest card customer in the country is the Australian Government. It says it uses Diners Club charge cards to pay for the likes of airfares, accommodation and car rental.

Charge card case study: Using a charge card to cover fluctuating business expenses

Our payments expert Brad Kelly is himself a small business owner. He says he uses charge cards for his business, partly because of the flexibility they offer to cover higher-than-usual costs at certain times of year.

According to Brad this means he can make these payments using a charge card, without needing a large ongoing credit card limit sitting as a liability on his company’s balance sheet.

“In some months I need to put ATO payments on the card, or make super payments," Brad explains.

“For those months I can spend more using the charge card, but as a rule I don't need $20,000 or $30,000 tied up in a hard credit limit.

“Amex, as the charge card provider, will allow the higher payments in those months because they can see my spending and repayment history. They understand it’s not the monthly norm but is part of a consistent business pattern.“

Brad says while the annual fee he pays on his charge card is high, as a frequent traveller, the value of the travel insurance alone is enough to cover the fee.

Charge card FAQ

Charge cards in Australia are offered by a relatively small pool of providers, with American Express being by far the dominant one.

Amex offers 12 of the 16 charge cards currently available in Australia. The other main providers are CommBank and Diners Club.

The pool of charge card providers is also set to get even smaller, with Diners Club announcing it will no longer be offering cards to Australian consumers from 2024.

Charge cards come with most of the same fees as credit cards. The actual fees will depend on which card you choose, but these are the fees that generally may apply:

  • Annual card fee
  • Rewards program fee (optional e.g. on some Qantas point-earning cards)
  • Additional cardholder fee (e.g. cards for employees)
  • Foreign transaction fees (FX fees)
  • Cash advance fees
  • Late payments fees

While the standard requirement on a charge card is for the balance to be repaid in full each month, it may be possible to get further flexibility to spread the payments over a longer period, up to a credit limit.

American Express offers this through its 'Flexible Payments Option' for business customers. This option means the business can pay the full balance, just the minimum repayment (the greater of $30 or 2.5% of your closing balance) or any amount in between.

This feature essentially means your charge card becomes more like a credit card, as interest will apply to any amount that is not paid off in full by the charge card’s statement due date.

It’s not necessarily more difficult to get approved for a charge card compared to what's involved with the credit card application process. In fact, Brad explains that because there is a requirement to clear the balance each month, a charge card can be a less risky product to offer for providers.

“From a risk manager's perspective, people who are revolving a balance on a credit card are a higher risk than people who aren't.”

According to Brad, for business customers in particular, the approval criteria are often less stringent than they are for consumers.

“A business card is not assessed the same way as a personal credit card. The National Consumer Credit Protection Act of 2009 does not apply to business cards or corporate cards.”

The main requirements for getting approved for a charge card are:

  • Having an ABN
  • Trading for at least 12 months
  • Annual revenue of at least $75,000

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Written by

Sean Callery Editor Money.com.au

Editor

Sean Callery

Reviewed by

Brad Kelly, Payment Services

Credit Cards Expert

Brad Kelly