American Express Business Reward Cards
Explore the highest earning cards & take our quick quiz to see which American Express Business Card is right for you.
Choosing the right credit card card for your business
Businesses that choose the right credit card can strengthen their financial position and seize opportunities for growth and expansion. Our goal is to offer you some of the most rewarding (and practical) American Express card deals in Australia. We take the heavy lifting out of the research and only list great deals that are worth your while. Below you can easily compare credit cards to uncover the option that is best suited for you and your business needs.
Superior Points Earn?
These Are The Cards You Need To Know
American Express® Platinum Business Card
Annual Fee: $1,750
Points Earn: Earn 2.25 points per $1 spent with Sniip*
Type of Points: Amex Membership Rewards
Type: Charge Card
Offer: Earn 350,000 Membership Rewards® Bonus Points when you apply by 25 June 2024, are approved and spend $12,000 on eligible purchases on your new American Express® Platinum Business Card within 3 months of your approval date. T&Cs apply. Available for new American Express Card Members only.
The American Express® Platinum Business Card is designed to cater specifically to small to medium-sized enterprises (SMEs), offering a comprehensive range of tailored benefits.
New Card Members are welcomed with 350,000 Membership Rewards® Bonus Points when you apply by 25 June 2024, are approved and spend $12,000 on eligible purchases on your new American Express® Platinum Business Card within 3 months of your approval date. T&Cs apply. Available for new American Express Card Members only.
Compelling rewards and flexibility make this card a viable option for businesses. The Membership Rewards® Bonus Points earned through the Platinum Business Card belong to the esteemed American Express Membership Rewards program, providing Card Members with a diverse range of redemption options, including: Singapore Airlines, Virgin Australia, David Jones, Coles, and more leading partners across all major travel, shopping and entertainment brands. Additionally, the Card facilitates flexible cash flow management by allowing up to 55 days to pay for purchases, empowering businesses to effectively manage expenses while maximising rewards.
Benefits:
- No interest
- No Pre-set Spending Limit
- Complimentary Travel Insurance
- Enjoy payment flexibility with a Flexible Payment Option
- Access over 1,400 airport lounges
- Exclusive travel perks and offers
Considerations:
- High Annual Card Fee
- Benefits may not be able to be utilised unless booked
through American Express Travel Online directly
*Use your American Express Credit Card to pay bills through Sniip, and earn full points for ‘everyday purchases’ on all payments (including payments to government bodies such as the ATO). The Sniip MCC code for Amex is 7399, which should not be excluded from your Credit Card reward programs. This means, when you pay with Sniip you can earn full reward points.
American Express® Qantas Business Rewards Card
Annual Fee: $450
Points Earn: Earn 2 Qantas Points per $1 spent on Qantas products and services, and 1.25 Qantas Points per $1 spent through Sniip*.
After a total of 500,000 Qantas Points is earned in a calendar year, the everyday business earn rate 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.
Type of Points: Qantas Points
Type: Charge Card
Offer: Earn 170,000 bonus Qantas Points when you apply by 25 June 2024, are approved and spend $6,000 on eligible purchases on your new American Express® Qantas Business Rewards Card within 3 months of your approval date. T&C’s apply. Available for new American Express Card Members only.
Discover the benefits of the American Express® Qantas Business Rewards Card, designed to support you and your business accumulate Qantas Points and elevate your business journey. This Card not only supports your everyday business expenses, but also offers perks that enhance your business travel.
Earn Qantas Points effortlessly when using the Qantas Business Card. For an annual fee of just $450, you can accumulate 1.25 Qantas Points for every $1 spent on everyday business spendings. Additionally, benefit from Complimentary Travel Insurance and airport lounge access, adding even more value to your card membership.
Plus, earn 170,000 bonus Qantas Points when you apply by 25 June 2024, are approved, and spend $6,000 on eligible purchases on your new American Express® Qantas Business Rewards Card within 3 months of your approval date. T&C’s apply. Available for new American Express Card Members only. This generous welcome offer boosts your points balance right from the start, allowing you to unlock exciting travel offers sooner.
Manage your cash flow efficiently with up to 51 days to pay for purchases. This feature provides flexibility and convenience in handling business expenses.
Benefits:
- No interest
- No Pre-set Spending Limit
- Enjoy payment flexibility with a Flexible Payment Option
- Earn up to 2 Qantas Points for every $1 spent on Qantas products and services
- Earn triple Qantas Points for your business from flying
- Low Annual Card Fee
- $99 per Employee Card, up to 99 Cards
- Complimentary Travel Insurance
- Up to 51 days to pay for purchases
Two free passes annually for domestic Qantas Club lounges
Considerations:
Perks are tailored to enhance your travel spending and experiences with Qantas Airlines specifically
*Use your American Express Credit Card to pay bills through Sniip, and earn full points for ‘everyday purchases’ on all payments (including payments to government bodies such as the ATO). The Sniip MCC code for Amex is 7399, which should not be excluded from your Credit Card reward programs. This means, when you pay with Sniip you can earn full reward points.
American Express® Velocity Business Card
Annual Fee: $249
Points Earn: 2 Velocity Points per $1 spent on travel with Virgin Australia, and 1 Velocity Point per $1 spent through Sniip* with bonus Velocity Points^ on offer for business payments.
Type: Charge Card
Offer: Earn 200,000 bonus Velocity Points when you apply by 15 May 2024, are approved and spend $5,000 on eligible purchases on your new American Express® Velocity Business Card within 2 months of your approval date. Plus join the Virgin Australia Business Flyer program to jump direct to Tier 2 and receive a complimentary 12-month Velocity Frequent Flyer Gold Membership.
American Express® Velocity Business Card presents a viable option for businesses seeking travel rewards and affordability. One of the standout features of the Velocity Business Card is its exceptional sign-up bonus. When applying and getting approved by May 15, 2024, and spending $5,000 on eligible purchases within two months of approval, cardholders can earn 200,000 Velocity Points. Plus join the Virgin Australia Business Flyer program to jump directly to Tier 2 and receive a complimentary 12-month Velocity Frequent Flyer Gold Membership.
An additional value-add of the Velocity Business Card is its points accumulation on purchases. Card Members earn 2 Velocity Points per $1 spent on travel with Virgin Australia; 1 Velocity Point per $1 spent on everyday spend, and 0.5 Velocity Points per $1 spent on ATO and government spend.
A combination of earning potential and flexibility makes the Card appealing to businesses seeking value and convenience in their travel rewards program. Aligned with the Velocity Points program, the Velocity Business Card enables Card Members to leverage their spending for travel-related services. Additionally, the card offers a grace period of up to 51 days for paying off purchases, enhancing cash flow management capabilities for business expenses.
Benefits:
- No interest
- No Pre-set Spending Limit
- Complimentary Travel Insurance
- Up to 51 days to pay for purchases
- $99 per Employee Card, up to 99 Cards
- Ability to convert points into credits that can offset various business travel expenses
- Earn up to 2 Velocity Points per $1 on travel spend with Virgin Australia
- Two complimentary single entry passes each Membership year at selected domestic airports
Enjoy payment flexibility with a Flexible Payment Option
Considerations:
- Perks are tailored to enhance your travel spending and experiences with Virgin Australia Airlines specifically
*Use your American Express Credit Card to pay bills through Sniip, and earn full points for ‘everyday purchases’ on all payments (including payments to government bodies such as the ATO). The Sniip MCC code for Amex is 7399, which should not be excluded from your Credit Card reward programs. This means, when you pay with Sniip you can earn full reward points.
^ Earn bonus Velocity Points when you pay business bills through Sniip. Link your Virgin Australia Business Flyer account to your Sniip account to earn bonus Velocity Points (plus 1 Velocity Point per $1) when you pay business bills through Sniip. Learn more.
What is a credit card?
A credit card operates as a financial tool that enables individuals to make purchases with borrowed money from the issuing financial institution. This borrowed money, often referred to as “credit,” must be repaid within a specified timeframe to avoid accruing high interest charges and potential late fees. While credit cards offer the convenience of purchasing goods and services, they also carry inherent risks.
Many individuals find credit cards beneficial for various reasons, such as the ability to spread out payments for large purchases, earn rewards points, and access additional perks. However, it’s crucial to approach credit card usage with caution, as it can also lead to debt accumulation if not managed responsibly. Prior to obtaining a credit card, it’s important for individuals to thoroughly understand the terms and conditions associated with card ownership to make informed financial decisions.
What are the different types of American Express Cards?
American Express Cards come in various types, each offering distinct features. American Express provides a range of Card options which are highlighted below:
Charge cards resembles a credit card in many ways; however, a significant distinction is that with a charge card, the balance must be paid off entirely each month. This differs from a credit card, where you can carry a balance over time and pay interest on the remaining amount. With a charge card, you must settle the balance in full by the due date, and charge cards usually do not have a pre-set spending limit.
Reward Credit Cards incentivise spending by offering Membership Rewards, typically in the form of Points earned on everyday purchases. Membership Rewards can be redeemed for various benefits, including: Singapore Airlines, Virgin Australia, David Jones, Coles, and more leading partners across all major travel, shopping and entertainment brands.
Frequent Flyer Credit Cards cater specifically to frequent travellers that journey with specific airlines. American Express offers frequent flyer Cards with Virgin Australia or Qantas. Rather than earning Membership Rewards Points, cardholders accumulate Velocity or Qantas Points that align with their Card respectively. These Points can be redeemed for flights, holiday bookings, and travel upgrades.
What fees come with American Express Cards?
Credit cards vary in their fee structures, making it essential to be aware of potential charges associated with card usage. Here are common credit card fees:
Annual fee: Charged annually by some credit card companies for card ownership, typically payable upon card activation and annually thereafter.
Cash advance fee: Imposed for cash advance transactions, similar to balance transfers.
Late payment fee: Incurred if you miss the due date for your monthly credit card repayment.
Foreign transaction fee: Applied as a percentage on purchases made overseas if your credit card permits international use.
Balance transfer fee: Levied when transferring debt from one card to another, if balance transfer feature is available.
Payment dishonour fee: Charged if direct debits for monthly credit card bills fail to go through.
Card replacement fee: Occurs when requesting a replacement card due to loss or damage, with some financial institutions charging a fee for this service.
Frequently Asked Questions
American Express Cards
Normally, when card holders pay certain expenses such as the ATO with their rewards credit card, they earn capped or zero credit card reward points.
However with the Sniip app, they can earn full reward points (that are allocated for everyday purchases) on all your transactions (including at government bodies).
- Simply create a Sniip account;
- Add your credit card to your Sniip wallet;
- Upload your bill details;
- Pay your bill in seconds (and earn full rewards points!)
How does Sniip allow me to earn full reward points on ATO and other government payments?
Sniip processes your transaction as a two-legged transaction. When you use a rewards credit card, you will earn points on the first leg of the transaction (which is a payment into the Sniip Trust account), even if you’d earn reduced points / no points if you pay the biller directly (such as government billers). Sniip will then make payments to the biller via BPAY on the second leg of the transaction, and this utilises the BPAY Scheme.
This process allows you to earn full points on all of your bills, and is a big reason why 100,000+ Australian’s love Sniip so much.
Sign up for Sniip for free today, and start earning uncapped points on every single bill payment!
Redeem points directly on flights, accommodation, and car rental with American Express Travel online booking service, as well as Webjet and helloworld. Or transfer points to your choice of 12 world-class airline partners including Qantas, Virgin Australia, and Air New Zealand where you can use them for flights and upgrades.
The minimum income required to apply for an American Express Business Card varies from card-to-card. The annual business revenue required for Amex Business Cards are displayed below:
- American Express Platinum Business Card: $75,000+
- American Express Qantas Business Rewards Card: $75,000+
- American Express Velocity Business Card: $75,000+
Please note: these amounts are an estimation and the actual requirement may vary based on the economic climate and American Express’s lending criteria.
The below conditions are required to apply for the American Express Platinum Business Card; American Express Qantas Business Card; and American Express Velocity Business Card.
- Age 18 years or over
- Australian citizen or permanent resident
- Director or controller of a business
- Good credit history and no payment defaults
- Annual business revenue of $75,000 or more
- Valid ABN registered for GST
You’ll need the following information when applying for the American Express Platinum Business Card:
- Your personal income or business revenue
- Your drivers license (if you own one)
- The details of your business’ ownership as it appears on ASIC (for the Director and/or Beneficial Owner)
General
Normally, when card holders pay certain expenses such as the ATO with their rewards credit card, they earn capped or zero credit card reward points.
However with the Sniip app, they can earn full reward points (that are allocated for everyday purchases) on all your transactions (including at government bodies).
- Simply create a Sniip account;
- Add your credit card to your Sniip wallet;
- Upload your bill details;
- Pay your bill in seconds (and earn full rewards points!)
How does Sniip allow me to earn full reward points on ATO and other government payments?
Sniip processes your transaction as a two-legged transaction. When you use a rewards credit card, you will earn points on the first leg of the transaction (which is a payment into the Sniip Trust account), even if you’d earn reduced points / no points if you pay the biller directly (such as government billers). Sniip will then make payments to the biller via BPAY on the second leg of the transaction, and this utilises the BPAY Scheme.
This process allows you to earn full points on all of your bills, and is a big reason why 100,000+ Australian’s love Sniip so much.
Sign up for Sniip for free today, and start earning uncapped points on every single bill payment!
Most credit cards offer an interest-free period ranging from 44 to 55 days. If you settle the entire balance before this period ends, no interest is accrued. Yet, failing to clear the full balance results in interest charges. Therefore, it’s crucial to monitor statements and settle the full amount before the interest-free period expires.
When you’ve applied for credit or a loan, a credit report detailing your financial history is created.
You’re entitled to receive a copy of your credit report every three months for free.
Included in your credit report is your credit rating, indicating the category your credit score falls into (e.g., low, fair, good, very good, excellent).
Accessing your report online typically takes one to two days. Alternatively, you may wait up to ten days to receive it via email or mail.
To obtain your free credit report, reach out to the following credit reporting agencies:
- Experian: 1300 783 684
- illion: 132 333
- Equifax: 138 332
As the information held by different agencies may vary, you may have credit reports with more than one agency.