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Best Corporate Credit Cards in Australia Compared

Sean Callery Editor Money.com.au

Written By

Sean Callery

Shaun McGowan Money.com.au founder

Reviewed by

Shaun McGowan

Compare corporate credit cards (for large businesses with +$10m in turnover) and find out what to look for in a corporate credit card scheme.

Best Corporate Credit Cards in Australia Compared

Sean Callery Editor Money.com.au

Written By

Sean Callery

Shaun McGowan Money.com.au founder

Reviewed by

Shaun McGowan

Compare corporate credit cards (for large businesses with +$10m in turnover) and find out what to look for in a corporate credit card scheme.

The most powerful credit card comparison engine

We have nothing to hide, so we don’t put credit cards behind a filter if they don’t pay us. See how it works.

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Rates updated 02 December 2024

What is a corporate credit card?

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.

Expert's view on 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."

Who offers corporate credit cards in Australia?

The main providers of corporate credit cards in Australia are:

  • American Express
  • ANZ
  • CommBank
  • HSBC
  • NAB
  • Westpac

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.

Note Diners Club no longer offers charge cards in Australia.

What you can get with a corporate credit card scheme

1

Rewards program

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.

2

Monitor spend and expense policy compliance

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.

3

Card-level limits

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.

4

Unauthorised use insurance

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).

5

Virtual cards

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.

6

Integration with finance software

Most corporate credit card programs will offer integration with common financial software. Some providers do this better than others. They also usually give your organisation access to reports with detailed breakdowns on spending and payments, with forecasts that will help your finance team with planning.

7

Travel insurance

Some corporate credit cards 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.

8

Lounge access

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.

9

Business subscriptions and other perks

Corporate credit cards often come with extras like media subscriptions or early access to corporate event tickets.

10

Dedicated support

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.

What fees are charged on corporate credit cards?

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:

  • Annual card fee (per card)
  • Rewards program fee
  • Additional cardholder fee for issuing new cards
  • Replacement card fee

Plus there are the usual credit card fees that will also typically apply to corporate cards, including:

  • Foreign transaction fees (FX fees)
  • Cash advance fees
  • Late payments fees

Corporate charge card vs credit card: What's the difference?

Charge cardCredit card

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.

Sean Callery is the Editor of Money.com.au. He has over 15 years of international experience. He is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821) and is compliant to provide general advice in Tier 1 General Insurance (RG 146) products.

Shaun McGowan is the founder of Money.com.au. He's determined to help people and businesses pay as little as possible for financial products, through education and building world class technology. Previously Shaun co-founded CarLoans.com.au and Lend.

Important information

General information only

The information on this page is general in nature and has been prepared without considering your objectives, financial situation or needs. You should consider whether the information provided and the nature of the credit card product is suitable for you and seek independent financial advice if necessary.

We are not providing you with a recommendation or suggestion about a particular credit product. You should read the relevant disclosure statements or other offer documents before deciding whether to apply for or continue to hold a particular credit card.

What products, features and information are shown

While we make every effort to ensure all credit cards available in Australia are shown in our comparison tables, we cannot guarantee that all products are included. Where we become aware of a card that is missing from our tables, we commit to adding it within one business day.

Our product comparisons may not compare all card features and attributes relevant to you.

Product information, such as interest rates, fees and charges, is subject to change without notice. Before acting on any information, you should confirm the relevant product information with the card issuer. While we do our best to ensure the information provided on this website is accurate, all information on this website is provided without any representation or warranty, either express or implied, being given as to the accuracy, completeness, timeliness, reliability or otherwise of its content. No responsibility is accepted by us for any errors, omissions or any inaccurate information on this website.

How cards are sorted and filtered by default

Users can easily change the sort order and apply product filters to our product comparison tables. However, when you arrive on a page initially or select a particular card type via the ‘card features’, a default sort order is applied as follows:

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  • Default sort (main credit card page): Consumer credit cards sorted by lowest ongoing annual fee, then the highest number of reward points earned per $1 spent, then alphabetically by provider/product name.
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  • No annual fee cards: Consumer credit cards sorted by lowest ongoing annual fee, then the highest number of reward points earned per $1 spent, then alphabetically by provider/product name.
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  • Low rate cards: Consumer credit cards sorted by lowest purchase rate, then lowest ongoing annual card fee, then alphabetically by provider/product name.
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  • Balance transfer cards: Consumer credit cards sorted by lowest balance transfer rate, then longest duration of BT offer, then lowest ongoing annual card fee, then alphabetically by provider/product name.
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  • Rewards and frequent flyer cards: Consumer credit cards sorted by highest rewards/FF points per dollar earned on everyday purchases, then lowest ongoing annual card fee, then lowest purchase rate, then alphabetically by provider/product name.
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  • Cashback cards: Consumer credit cards sorted by highest cashback per dollar earned, then lowest ongoing annual card fee, then lowest purchase rate, then alphabetically by provider/product name Interest-free cards/offers: Consumer credit cards sorted by longest 0% purchase rate offer period, then lowest ongoing purchase rate, then lowest ongoing annual card fee, then alphabetically by provider/product name
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  • Credit cards with lounge access: Consumer credit cards sorted by highest number of free lounge passes, then lowest to highest ongoing annual card fee, then highest to lowest points per dollar earned on everyday spending, then lowest purchase rate, then alphabetically by provider/product name.
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  • No international fee cards/cards with travel insurance: Consumer credit cards sorted by lowest ongoing annual card fee, then highest points per dollar earned on everyday spending, the lowest purchase rate, then alphabetically by provider/product name.
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  • Business/corporate credit cards: Business cards sorted by highest points per dollar earned on everyday spending, then lowest ongoing annual card fee, then lowest ongoing purchase rate, then alphabetically by provider/product name.

We may earn a commission from product providers if you are issued with a credit card via a link from this page. Cards marked as ‘sponsored’ are not selected or positioned on the page based on their product attributes. However, in our comparison tables, products are displayed based on the relevant default sort order and filters applied for that card type, or the sort order and filters selected by a user. We do not sort or filter comparison tables based on whether or not we will make money from a particular card, but we may earn a commission if you are issued with a card via a link from our organic comparison tables.

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