Business reward cards can be a figurative gold mine in the right hands. Normal consumer credit cards generally don’t award you points on transactions of a business nature (e.g. paying a big supplier bill).
So if you happen to be an SME owner or even a sole trader with regular expenses, a business credit card is the way to go. Card applications are based on your business revenue rather than personal salary, except in the case of sole traders (criteria may vary between banks).
Depending on your preferences, you can choose between directly earning Qantas or Velocity Points in Australia, or perhaps opting for a flexible rewards program such as American Express Membership Rewards which gives you a wider range of partners.
Here is our updated list of some of the highest business points-earning cards on the market. We’ve included an overview table so you can compare earning rates and current sign up bonuses for new card applicants.
The highest-earning business credit cards
| Card | Earn rate per $1 (* equivalent) | Rewards Program | Points Cap | Annual Fee | Our Guide |
|---|---|---|---|---|---|
| Qantas Frequent Flyer | |||||
 American Express Qantas Business Rewards Card ↓ | 1.25 Qantas Points on general spend including utilities and telecom 2.25 Qantas Points with Qantas 0.5 Qantas Point per $1 on government spend | Qantas Business Rewards | 500,000 Qantas Points per calendar year soft cap | $450 p.a. | Read Here |
 American Express Platinum Business ↓ | 1.125 Qantas Points on all eligible spend, and 0.5 Point on spend at government bodies* | Amex Membership Rewards Ascent Premium | uncapped | $1,750 p.a. | Read Here |
ANZ Qantas Business Rewards Card ↓ | 0.75 Qantas Points on eligible spend 1 additional Qantas Point with Qantas 0.5 Qantas Points on government payments | Qantas Business Rewards | 11,250 Qantas Points per statement period soft cap | $300 p.a. + $75 Rewards fee | Read Here |
 NAB Qantas Business ↓ | 0.67 Qantas Point | Qantas Frequent Flyer | 33,500 Qantas Points per statement period | $295 p.a. | Read Here |
| Velocity Frequent Flyer | |||||
American Express Platinum Business ↓ | 1.125 Velocity Points on all eligible spend, and 0.5 Velocity Point on spend at government bodies* | Amex Membership Rewards Ascent Premium | uncapped | $1,750 p.a. | Read Here |
American Express Velocity Business ↓ | 1 Velocity Point on general spend, 2 Velocity Points with Virgin Australia | Velocity Frequent Flyer | uncapped | $249 p.a. | Read Here |
American Express Business Gold Plus ↓ | 0.75 Velocity Point on general spend 0.5 Velocity Point on government spend* | Amex Membership Rewards | uncapped | $395 p.a. | Read Here |
 NAB Rewards Business Signature ↓ | 0.62 Velocity Points on general spend* | NAB Rewards | uncapped | $175 p.a. | Read Here |
Westpac Altitude Business Platinum ↓ | 0.33 Velocity Point on domestic spend 0.66 Velocity Point on overseas spend* | Altitude Rewards | uncapped | $200 p.a. | Read Here |
| KrisFlyer miles | |||||
American Express Platinum Business ↓ | 1.125 KrisFlyer miles on all eligible spend, and 0.5 KrisFlyer Miles on spend at government bodies * | Amex Membership Rewards Ascent Premium | uncapped | $1,750 p.a. | Read Here |
American Express Business Gold Plus ↓ | 0.75 KrisFlyer miles on general spend 0.5 KrisFlyer on government spend* | Amex Membership Rewards | uncapped | $395 p.a. | Read Here |
| * Effective earn rate when transferred from linked flexible program | |||||
The offers displayed on this page are selected from a range of products across pointhacks.com.au as at the time of publishing this article. The use of terms “Best” and “Top” are derived from the highest bonus points offered.
What is the best business credit card for rewards points?
Find below a roundup of some business rewards points earning cards with noteworthy bonus offers to know about this month.
American Express Qantas Business Rewards
- Sign-up Bonus:
- 170,000 bonus Qantas Points*
- Rewards Earn Rate:
- Earn 2 Qantas Points per $1 spent on Qantas products and services, 1.25 Qantas Points per $1 spent on everyday business purchases, and 0.5 Qantas Points per $1 spent on government charges.^. 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.^
- Annual Fee:
- $450 p.a. and up to 99 Employee Cards at no additional cost
- Offer expires
- 16 June 2026
- Earn 170,000 bonus Qantas Points when you apply, are approved and spend $6,000 on eligible purchases in the first 3 months. T&Cs apply. New American Express Card Members only. Ends 16 June 2026. Earn up to 2 Qantas Points per $1 on eligible business purchases, plus access to two domestic Qantas Club Complimentary Lounge Invitations each year and complimentary international travel insurance. The annual fee is $450.
American Express® Platinum Business Card
- Sign-up Bonus:
- 350,000 Bonus Membership Rewards Points*
- Rewards Earn Rate:
- Earn 2.25 Membership Rewards points per $1 on all eligible business purchases, except for spend with government bodies, for which you will earn 1 point per $1 spent
- Annual Fee:
- $1,750 p.a
- Offer expires
- 14 July 2026
- Earn 350,000 Bonus Membership Rewards Points* when you apply by 14 July 2026, are approved and spend $12,000 on eligible purchases on your American Express Platinum Business Card in the first 3 months of approval. The Card is aimed at small and medium-size businesses who want to maximise their points earned, as well as business and travel benefits. T&Cs apply. Available for new American Express Card Members only.
ANZ Qantas Business Rewards
- Sign-up Bonus:
- Earn up to 150,000 bonus Qantas Points¹
- Rewards Earn Rate:
- Earn 0.75 Qantas Points per $1 on eligible purchases up to and including $15,000 per statement period (0.5 Qantas Points thereafter), and 1 additional Qantas Point per dollar spent on selected Qantas products and services.⁴. Earn 0.5 uncapped Qantas Points per $1 on Government Payments.⁴
- Annual Fee:
- $300 p.a. plus $75 Rewards fee (per card per year)
- ANZ is offering new cardholders of the ANZ Qantas Business Rewards card the opportunity to earn bonus Qantas Points.¹ The card includes complimentary domestic and international travel insurance (eligibility, T&Cs, exclusions and limits apply)³ and earns uncapped Qantas Points on eligible spend⁴. T&Cs, eligibility criteria, fees and charges apply.
American Express Velocity Business
- Sign-up Bonus:
- 200,000 bonus Velocity Points*
- Rewards Earn Rate:
- 1 Velocity Point per $1 spent on eligible everyday business purchases and 2 Velocity Points per $1 spent with Virgin Australia
- Annual Fee:
- $249 p.a. and $99 per Employee Card up to 99 cards
- Offer expires
- 30 April 2026
- Earn 200,000 bonus Velocity Points when you apply by 30 April 2026, are approved and spend $6,000 on eligible purchases on your new Card within the first 3 months of approval¹. (T&Cs apply. Available for new American Express Card Members only.) Access a line of unsecured funding with flexible spending power², and enjoy two complimentary Virgin lounge passes and complimentary travel insurance. Earn up to 2 Velocity Points per dollar on purchases within Australia. The annual fee is $249 and $99 per Employee Card.
NAB Qantas Business Signature
- Sign-up Bonus:
- 150,000 bonus Qantas Points
- Rewards Earn Rate:
- 1 Qantas Point earned per $1.50 spend on everyday business purchases including ATO payments capped at $50,000 per card per statement period
- Annual Fee:
- $295 p.a. per card
- Get 150,000 bonus Qantas Points when you spend $10,000 on eligible purchases in the first 90 days of opening your new account. Earn 1 Qantas Point per $1.50 on business and ATO spend, capped at $50,000 per card per statement period. Also includes complimentary NAB Commercial Cards Unauthorised Transaction Insurance and Transit Accident Insurance. The annual card fee is $295.
NAB Rewards Business Signature
- Sign-up Bonus:
- 200,000 NAB Rewards bonus points
- Rewards Earn Rate:
- 1.25 NAB Rewards Point earned per $1 spent on everyday purchases. 2.5 NAB Rewards Points in major department and hardware stores. 3.75 NAB Rewards Points earned per $1 on overseas spend
- Annual Fee:
- 175 p.a. per card
- The NAB Rewards Business Signature has 200,000 bonus NAB Rewards Points on offer for new cardholders. Earns NAB Rewards on spend with the ability to transfer points to Velocity, Cathay miles, Krisflyer Miles and Air NZ Airpoints - plus bonus points for overseas spend and purchases at major department and hardware stores.
American Express Business Gold Plus Card
- Sign-up Bonus:
- Earn 200,000 Bonus Membership Rewards Points¹
- Rewards Earn Rate:
- Earn 3 points per $1 spent at Xero, Google Ads, Meta, Amazon Web Services and Dell⁵. Earn 2 points per $1 spent with AccessLine®. Subject to approval. Enrolment required⁵. Earn 1.5 points per $1 spent on everyday spend, plus 1 point per $1 spent with government bodies, including the ATO⁵. Accelerated earn rates apply on the first 200,000 points earned per calendar year, then you will earn 1 point per $1 spend across all categories, uncapped and with no expiry¹¹
- Annual Fee:
- $395 p.a.
- Offer expires
- 25 August 2026
- The American Express Business Gold Plus Card has 200,000 Membership Rewards Bonus Points¹ on offer to new Amex Card Members who apply by 25 August 2026, are approved and spend $5,000 on eligible purchases in the first 3 months of the approval date. It is a Metal Card that is feature-packed for those who want to earn Membership Rewards points on business-related spend. New American Express Card Members Only. T&Cs apply.
What are the best ways to earn rewards points with a business credit card?
As usual, there are two main ways to earn rewards points with a credit card.
1. Direct earn: These credit cards directly earn Qantas or Velocity Points on eligible spend for your business. Note that Qantas-branded business cards usually earn into a Qantas Business Rewards account first. But those points are transferable to any personal account (including your own) on a 1:1 basis.
2. Transfer from other rewards programs: If you take out an American Express Membership Rewards or a bank-affiliated business rewards card, you’ll most likely earn points in a flexible points program first. These usually allow transfers to partner airlines at varying rates once you’ve accumulated enough points. However, usually these points usually need to be transferred to an account in your name.
The ‘effective earn rate’ is a significant number that standardises the number of points you could earn from different flexible rewards programs, after earning rates for spend and transfer rates to those programs are taken into account.
The numbers in this table are already calculated as ‘effective earn rates’, which means you can more easily compare those cards to ‘direct earn’ cards.
What do I look for when searching for the best business rewards frequent flyer card?
In addition to the business card’s effective earn rate, you should also consider:
- Unique benefits offered, such as travel insurance for employees. Good business reward cards should also offer ancillary benefits for you and your employees.
- Other transfer partners that flexible rewards programs have, apart from Qantas and Velocity Frequent Flyer. For example, if you frequently fly to Asia, transferring to Asia Miles or Singapore Airlines KrisFlyer could be beneficial.
- Whether free supplementary cards can be offered to your employees. This is useful if you want some of your employees to hold their own business rewards cards when making transactions on behalf of your business.
- Cash flow days and flexible payment options are useful for keeping your cash in your bank account for longer before having to pay bills.
- Google and Apple Pay capabilities, which are becoming increasingly handy when you’re on the go and don’t necessarily have your card with you.
A large points signup bonus might be rewarding enough to help offset a lower earn rate or a higher annual fee on a card, so bear that in mind.
Each card offer and other information on this page should be up to date at the date of publication; however, please note that we update offers over time. If you need more information on comparing different cards, check out our overview table for detailed information on rewards.
What should I be aware of when using business rewards credit cards?
There are some restrictions and caveats with holding a business rewards credit card. You should consider the following when deciding which card is right for you.
- Annual fees on business rewards credit cards may be higher than those on comparable personal codes. Factor this cost into your decision.
- Minimum business revenue amounts that may apply (or personal income for sole traders). If you’re a smaller business that doesn’t turn over as much money each year (say, less than $75,000 p.a.), then you might not be eligible to apply for higher-tier business credit cards with greater rewards.
- ABN requirements and whether you need to be registered for GST. Business credit card holders require a valid ABN to apply, as a minimum. Some cards may also need your business to be registered for GST purposes.
- Credit card surcharge fees may be applied by your various suppliers when using a credit card compared to a bank transfer.
How do I apply for a business credit card?
Done all the research? Now it’s time to apply. Here are some steps you could follow to get the process rolling.
- Review the best business credit card offers on this page and pick one that is best suited to you.
- Go to the card’s summary page on Point Hacks to learn more about various fees, benefits, sign-up bonuses and any catches to be aware of
- If you’re ready to apply, follow the red button to go to the card issuer’s application page
- Fill in the required business and personal details
- The card issuer will assess your application and give you a response within their stated times
How can I earn business rewards points after I get my credit card?
Once you (and possibly your employees) have received the business rewards credit card, be sure to meet the minimum spend requirements to unlock the advertised sign-up bonus, if any. Then follow these strategies to keep on earning lots of points.
- Put all your business transactions on the card: from suppliers’ bills to paying the Christmas party tab, if it’s work-related, it should be charged to your card.
- Save up and take advantage of transfer promos: if you earn into a flexible points program, it might be worth hoarding your points and waiting for a large transfer promo before sending those points to a frequent flyer partner. In some cases, you could end up with a 40% bonus or more!
- Consider using a third-party payment platform such as pay.com.au to make payments to suppliers through your rewards credit card, even if they only accept bank transfers. (Note that Point Hacks is affiliated with Pay.com.au).
Finally, although this guide is tailored to a specific American Express card, we have a four-part series on some of the benefits of holding a business rewards credit card. Some are specific to Amex, but some are universal across the other cards, too.
Summing up
The focus of this guide is to outline the highest-earning business credit cards out there on a per-dollar basis. With the right card, sole traders and small business owners alike can take advantage of great points-earning rates on business transactions.
Not only can you manage your cash flow more effectively with interest-free days, but flexible payment options and accounting integration offered by some cards will make your business life a lot more easier.
Some of the best business rewards cards will directly earn points into Velocity Frequent Flyer or Qantas Business Rewards at attractive rates. But flexible points programs such as American Express Membership Rewards can give you a lot more options when it comes to rewarding yourself and your employees.
Frequently Asked Questions
The best business credit card is very subjective as different products will have different rewards and fees. Start by deciding which rewards program you want to earn into, and then see what card options on our site might suit you the best.
While we can’t recommend a specific card, the best business credit card for a small enterprise is usually one with low annual fees, a lower threshold for annual revenue, and the ability to issue free supplementary cards to your employees (if any).
The easiest business credit cards to get are generally the ones with a lower business revenue threshold for application (or personal income for sole traders). However, these cards also tend to have a lower rewards-earning potential too.
Yes, business credit cards can be worth it for any reasons. It helps manage your cash flow days so you don’t need to pay big invoices upfront. You’ll have the potential to earn hundreds of thousands of rewards points if your business is doing well. Finally, some cards might have useful perks such as travel insurance for your employees.
This can vary depending on the card type and current sign-up bonus. See the top of this page for the latest deals on business rewards credit cards with the most points.
Generally, direct-earn Qantas business credit cards will give you the most Qantas Points. We usually feature a few at the top of this page, so you can compare the different options.
Most debit cards do not earn frequent flyer points.
Since when did the Amex Plat Charge become $1,750, it’s currently $1,450.
Hi Jay, the personal American Express Platinum Card has an annual fee of $1,450. However, the Platinum Business Card has an annual fee of $1,750.
The big Q is if you already have a personal Amex, and apply for the business Amex – will you get the bonus points? I think not?
Unfortunately not. Amex takes into account the history of the person applying for both personal and business cards.