The Best 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 best 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 the best and most rewarding (and practical) Amex card deals in Australia. We take the heavy lifting out of the research and only list the best deals that are worth your while. Below you can easily compare credit cards to uncover the option that caters best to your unique needs.

Ultimate Points Earn? These Are The Cards You Need To Know

Amex Platinum Business Card

Annual Fee: $1,750
Points Earn: 2.25 points per $1 on all bills (inc ATO)
Type of Points: Amex Membership Rewards
Type: Charge Card
Offer: 250,000 bonus Membership Rewards points plus $500 credit

Amex Platinum Business Card

Annual Fee: $1750

Type: Charge Card

Offer: 250,000 bonus Membership Rewards points plus $500 credit

If you’re not a die-hard Virgin or Qantas flyer and like the flexibility of using your points for different carriers, you really can’t go past the much-loved Platinum Business Card. 

Earning 2.25 American Express Membership Rewards per $1 spent, you’ll rack up points quickly for your next business class flight. 

With an annual fee of $1750, cardholders gain access to lucrative benefits. Upon signup, a bonus of 250,000 Membership Rewards points coupled with a $500 credit awaits. Earning potential is also maximised with an earn rate of 2.25 points per dollar spent on eligible purchases. These points are part of the renowned American Express Membership Rewards program, ensuring a diverse range of redemption options. Furthermore, the card supports flexible cash flow management, granting up to 55 days to settle expenditures.

The Platinum Business Card offers an array of exclusive features tailored for small to medium-sized enterprises (SMEs). With an annual fee of $1,750, cardholders gain access to lucrative benefits.

Upon signup, a bonus of 250,000 Membership Rewards points coupled with a $500 credit awaits. Earning potential is also maximised with an earn rate of 2.25 points per dollar spent on eligible purchases.

These points are part of the renowned American Express Membership Rewards program, ensuring a diverse range of redemption options. Plus, the card supports flexible cash flow management, granting up to 55 days to settle expenditures.

Pros:

  • No interest and no pre-set spending limit
  • Complimentary premium travel insurance
  • Access Amex’s ‘Flexible Payment Option’
  • No pre-set spending limit
  • Access over 1,400 airport lounges
  • Exclusive travel perks and offers

Cons:

  • High annual fee
  • Benefits lost if you do not book travel through Amex

Amex Qantas Business Card

Annual Fee: $450
Points Earn: 1.25 per $1 on all bills (inc ATO)
Type of Points: Qantas Points
Type: Charge Card
Offer: 150,000 bonus Qantas Points

Amex Qantas Business Card

Annual Fee: $450

Type: Charge Card

Offer: 150,000 bonus Qantas Points

From enhanced travel insurance to airport lounge access, the Qantas Business Card is designed to help you accumulate more reward points and elevate your business journey. The Qantas Business Card is a low cost card with an annual fee of $450. The Qantas Business Card allows credit card holders to accumulate 1.25 Qantas Points for every $1 spent on everyday expenses. Card holders also receive 150,000 bonus Qantas Points upon sign up. Additionally, Qantas Business card holders have up to 51 days to pay for purchases.  

From enhanced travel insurance to airport lounge access, the Qantas Business Card is designed to help you accumulate more reward points and elevate your business journey. The Qantas Business Card is a low cost card with an annual fee of $450. 

The Qantas Business Card allows credit card holders to accumulate 1.25 Qantas Points for every $1 spent on everyday expenses. Card holders also receive 150,000 bonus Qantas Points upon sign up. Additionally, Qantas Business card holders have up to 51 days to pay for purchases.  

Benefits:

  • No interest and no pre-set spending limit
  • Complimentary travel insurance
  • Access Amex’s ‘Flexible Payment Option’
  • No pre-set spending limit
  • Two free passes annually for domestic Qantas Club lounges
  • Earn 2 Qantas Points for every $1 spent on Qantas products and services
  • Low annual fee

Considerations:

  • Less travel perks / offers than more premium cards
  • Benefits lost if you do not book travel through Qantas

Amex Explorer Business Card

Annual Fee: $149
Points Earn: 2 points per $1 on all bills (inc ATO)
Type of Points: Amex Membership Rewards
Interest Rate: 23.99% p.a.
Offer: $0 annual fee for first year

Amex Explorer Business Card

Annual Fee: $149

Interest Rate: 23.99% p.a.

Offer: $0 annual fee for first year

The Explorer Business Card stands out as a compelling choice for small and medium-sized enterprises (SMEs with an accessible annual fee of $149. Plus, current offers for this card includes a waiver of the annual fee for the initial year, extending a cost-effective entry point for businesses. Moreover, its generous points earn rate of 2 points per $1 spent on everyday expenses empowers businesses to accumulate more reward. Aligned with the Membership Rewards program, cardholders gain access to a wide array of redemption options tailored to their preferences and needs. The card provides up to 55 days interest-free on purchases and an interest rate of 23.99% p.a. on purchases.

The Explorer Business Card stands out as a compelling choice for small and medium-sized enterprises (SMEs with an accessible annual fee of $149. 

Plus, current offers for this card includes a waiver of the annual fee for the initial year, extending a cost-effective entry point for businesses. 

Moreover, its generous points earn rate of 2 points per $1 spent on everyday expenses empowers businesses to accumulate more reward. Aligned with the Membership Rewards program, cardholders gain access to a wide array of redemption options tailored to their preferences and needs. 

The card provides up to 55 days interest-free on purchases and an interest rate of 23.99% p.a. on purchases.

Benefits:

  • Complimentary travel insurance
  • High point earn rate for a low annual fee card
  • Ability to covert points to offset business expenses
  • Two annual Centurion® Lounge passes at Sydney and Melbourne airports

Considerations:

  • Less travel perks / offers than more premium cards
  • Benefits lost if you do not book travel through Qantas

Amex Velocity Business Card

Annual Fee: $249
Points Earn: 1 point per $1 on all bills (inc ATO)
Type of Points: Virgin Velocity Points
Type: Charge Card
Offer: 200,000 bonus Velocity Points

Amex Velocity Business Card

Annual Fee: $249

Type: Charge Card

Offer: 200,000 bonus Velocity Points

The Velocity Business Card presents a viable option for businesses seeking travel rewards and affordability. The Velocity Business Card has a annual fee of $249, and a sign up bonus of 200,000 Velocity Points. The points earn rate of 1 point per $1 spent on everyday purchases provides a steady accumulation path for rewards. Aligned with the Velocity Points program, cardholders can leverage their spending towards travel services. Additionally, the card offers up to 51 days for payment on purchases.

The Velocity Business Card presents a viable option for businesses seeking travel rewards and affordability. The Velocity Business Card has a annual fee of $249, and a sign up bonus of 200,000 Velocity Points. 

The points earn rate of 1 point per $1 spent on everyday purchases provides a steady accumulation path for rewards. 

Aligned with the Velocity Points program, cardholders can leverage their spending towards travel services. Additionally, the card offers up to 51 days for payment on purchases.

Benefits:

  • No interest and no pre-set spending limit
  • Complimentary travel insurance
  • Ability to covert points to offset business travel expenses
  • Earn 2 Velocity Points per $1 on travel spend with Virgin Australia
  • Two complimentary passes annually to the Virgin Australia lounge at selected domestic airports
  • Access Amex’s Flexible Payment Option

Considerations:

  • Less travel perks / offers than more premium cards
  • Benefits lost if you do not book travel through Virgin Australia 
  • Low points earn rate

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 credit cards?

Credit cards come in various types, each offering distinct features such as interest rates, yearly fees, and additional perks. Some financial institutions provide a range of credit card options, while others may specialise in offering only one type.

Reward Credit Cards incentivise spending by offering rewards, typically in the form of points earned on everyday purchases. These points can be redeemed for various benefits, including offsetting monthly balances or purchasing goods and services.

Charge cards provide a 0% interest rate on purchases and have no pre-set spending limit. However, it’s important to remember that the balance must be cleared in its entirety each month.

Frequent Flyer Credit Cards cater specifically to frequent travellers, often in partnership with airlines such as Virgin Australia or Qantas. Rather than earning generic points, cardholders accumulate frequent flyer points that can be redeemed for flights, holiday bookings, and travel upgrades.

No Annual Fee Credit Cards waive the yearly charge typically associated with credit cards. Some card issuers may offer this feature as a standard benefit, while others provide it as an introductory promotion, often granting one year free of annual charges.

What fees come with credit cards?

Credit cards vary in their fee structures, making it essential to comprehend potential charges associated with card usage, akin to understanding interest rates. 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.

Additional cardholder charge: Fee assessed for adding supplementary cardholders to your account.

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

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.

Maximise and accelerate your points earn by paying all your bills through the Sniip mobile app. Earn 2.25 points on everyday purchases, and on all your bill payments (including ATO, land tax, insurance, superannuation, and more) when you pay through Sniip with your American Express card. 

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 (payment into the Sniip Trust account) even if Amex isn’t accepted by your biller, and even if you’d earn reduced points / no points if you pay the biller directly (for example government billers).

Sniip will make payments 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 which is a big reason why our users 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.

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. Some credit cards are tailored towards larger companies, while others are more beneficial for SME’s. 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 Business Explorer 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.

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.