Note: This guide has been produced in partnership with American Express, a Point Hacks commercial partner.
A good business charge card should make business life easier. Think additional cards for employees, easy integration to accounting software and more. But what about the ability to earn Qantas Points from your business expenses, and later transfer them to any individual account? Now we’re talking.
Earn as a business, share the rewards with others
One of the best features of this Card is its link to the Qantas Business Rewards (QBR) program. Essentially, your business earns Qantas Points whenever you or your employees use the American Express Qantas Business Rewards Card.
The Qantas Points your business earns when flying with Qantas will be tripled whenever eligible paid Qantas, Emirates and American Airlines flights are booked using the card.
A great feature of the QBR program is that members can transfer Qantas Points to anyone. Treat yourself, reward an employee, or even send a memorable gift to a friend. As long as they are a Qantas Frequent Flyer member, they’ll get 1 Qantas Point for every equivalent QBR point you send their way.
How’s that for flexibility?
Smart money management: defer payment for up to 51 days
The American Express Qantas Business Rewards Card is a charge card (not a credit card), meaning there is no preset spending limit, although that does not mean unlimited spending. Your purchases are approved based on a range of factors. You spend what you need for your business, and then you pay it off in full the following month to avoid charges.
American Express promotes this card as having ‘up to 51 days cash flow days’, meaning you have up to 51 days from the date of purchase to make a repayment. The actual number of days you have until repayment will depend on your billing cycle and payment due date. See how it works in the video below.
Imagine you ran a business that needs to pay $30,000 to a supplier. You could do so now, carrying the balance on your American Express card for up to 51 days. Meanwhile, you’re selling your product to customers and generating revenue.
This means it’ll be much easier when it comes time to pay off the charge card statement, without needing to dip into your cash-on-hand and then make it back over time.
Manage your cashflow with Flexible Payment Option
Need a bit more time beyond the cash flow days to pay off a particularly large bill? No worries — with Flexible Payment Option, you can choose to pay a portion of your closing balance, up to a certain limit, over time.
Be aware however that interest charges will apply if you use this feature.
Share the benefits with up to 99 additional Employee Cards
Organise up to 99 additional cards for employees or business associates that would benefit from holding one. They can go out and make purchases on behalf of your business. No more reimbursements!
When Employee Card Members make purchases, you’ll be able to see who performed the transaction and when. However, you will still be responsible for the overall balance each month.
Additional cards are a great way to keep your accounts and purchases consolidated, while still giving individuals the freedom of having their own card. It helps your business act more as a cohesive team.
Save time with MYOB integration
Here’s one way to avoid accounting-induced headaches. If your business uses MYOB accounting software, then your American Express Qantas Business Rewards card can automatically feed card transaction data directly to MYOB’s cloud accounting software as well as BankLink Practice.
The accounting program already links to all leading Australian banks and financial institutions, making American Express Cards a natural fit in MYOB’s direct credit and charge card feeds in Australia.
MYOB research findings have shown that bank feeds, a service that automatically imports and matches financial transactions into cloud accounting software, saves business owners an average of 10 hours per month. The average value they put on this time saving is $713.
Pay on the go with your smart devices
Your compatible smart device should be NFC-enabled, which is a common feature in most recent mid-range and high-end phones. Many smartwatches will also have this capability.
Set up your American Express Card through the Apple Pay, Google Pay or Samsung Pay app, then you’ll be good to go.
Make payments virtually anywhere in the world with American Express AccessLine
AccessLine is a solution that enables you to make payments to virtually anyone or business in the world as long as they have a bank account, even if they don’t accept card payments.
Best of all, purchases will appear on your American Express Qantas Business Rewards Card as normal, earning points and being eligible for up to 51 days of cash flow.
Here’s how it works:
- Apply for American Express AccessLine (it’s not automatically available).
- When approved, pre-register a supplier or payee with American Express.
- Place your order with the supplier as usual.
- Make a payment through American Express, selecting your card as the settlement method.
- American Express sends the payment to your payee’s bank account in the currency of your choice and at the time of your choosing.
- The charges and transaction fee appears on your corporate card statement as usual, where you’ll earn points and have up to 51 days to settle the balance.
This facility could be a handy tool to negotiate early purchase discounts with your supplier, then get American Express to make payment promptly. The charges will appear on your card as normal and you won’t have to settle the balance until after your cash flow days are over.
American Express AccessLine is only available to certain business and corporate credit and charge Card Members. Fees apply for transactions and there are over 110 different currencies available, including US Dollars, British Pounds, and Chinese Yuan Renminbi.
The American Express Qantas Business Rewards Card‘s set of features helps you focus more on your work. The Qantas Business Rewards program itself is also a great match, with its ability to transfer points out to anyone or redeem flights directly.
When you look closer into its features, you’ll find useful benefits and tools, such as the ability to carry purchases on your account up to 51 days, MYOB integration, AccessLine domestic and international payments and more.
Don’t forget that the Qantas Business Rewards program itself plays a big part in this Card, and has lots of business-friendly perks as well. From discounts on flights to the ability to transfer your reward points to any Qantas Frequent Flyer individual account, the American Express Qantas Business Rewards Card is a top pick.