Stats crunched by Mozo Experts
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47Business Credit Cards
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67Australian Financial Institutions
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5Award Categories
A big round of applause to the 2024 winners of the Mozo Experts Choice Awards for Business Credit Cards. To determine which business credit cards deliver the best value for Australian business owners, our team of expert judges assessed 47 business credit card products issued by 15 Australian financial institutions.
If you’re looking for a great business card for things like business expenditure, travel or for earning rewards, our winners list below outlines the business credit cards that offer the best value and is an ideal place to start your search.
Standout Winners
Business Credit Card Provider Of The Year
NAB has secured the prestigious title of Business Credit Card Provider Of The Year, showcasing an impressive performance across multiple business credit card categories. NAB emerged as the winner in the Low Rate Business Credit Card, Rewards Business Credit Card, Qantas Frequent Flyer Business Credit Card, and Velocity Frequent Flyer Business Credit Card categories.
The Low Rate Business Card, Rewards Business Signature Card and Qantas Business Signature Card were recognised as winners in business categories.
Congratulations to:
NAB
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Low Rate Business Card
- Purchase Rate
- 0% p.a. for 12 months then 13.25% p.a.
- Annual Fee
- $60.00
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Rewards Business Signature Card
- Purchase Rate
- 18.50% p.a.
- Annual Fee
- $175.00
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Qantas Business Signature Card
- Purchase Rate
- 18.50% p.a.
- Annual Fee
- $295.00
Low Rate Business Credit Card
Business credit cards can help to manage company expenses and balance cash flow, so keeping costs low is an important consideration when choosing a card. The cards listed below offer both the lowest purchase rates and overall costs around, even when ongoing fees are taken into account.
Congratulations to:
Bank of Melbourne, BankSA, G&C Mutual Bank, Heritage Bank, NAB, and St.George
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Business Visa
- Purchase Rate
- 9.99% p.a.
- Annual Fee
- $55.00
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Business Visa
- Purchase Rate
- 12.95% p.a.
- Annual Fee
- $45.00
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Low Rate Business Card
- Purchase Rate
- 0% p.a. for 12 months then 13.25% p.a.
- Annual Fee
- $60.00
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BusinessVantage
- Purchase Rate
- 9.99% p.a.
- Annual Fee
- $55.00
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Low Rate Business Credit Card
- Purchase Rate
- 12.49% p.a.
- Annual Fee
- $50.00
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BusinessVantage
- Purchase Rate
- 9.99% p.a.
- Annual Fee
- $55.00
Rewards Business Credit Card
To determine the winners of the best business rewards credit cards, our judges assessed the real dollar return from rewards schemes when making purchases for your business, looking at total redemption value of cashback and other reward options commonly redeemed.
Congratulations to:
American Express, NAB, and Suncorp Bank
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Business Explorer Credit Card
- Rewards Points
- 2 points per dollar on Amex, uncapped
- Annual Fee
- $149.00
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Rewards Business Signature Card
- Rewards Points
- 1.25 points per dollar on Visa, uncapped
- Annual Fee
- $175.00
Qantas Frequent Flyer Business Credit Card
This particular category is for companies looking to convert business spending into Qantas Frequent Flyer points that could send owners or employees travelling near and far. The cards awarded offered the leading returns of those assessed.
Congratulations to:
ANZ, Bank of Melbourne, BankSA, Bendigo Bank, NAB, and St.George
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Qantas Business Rewards
- Rewards Points
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0.75 points per dollar on Visa, up to $15,000 per month, then
0.5 points per dollar on Visa, uncapped
- Annual Fee
- $300.00
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Amplify Business
Qantas Frequent Flyer
- Rewards Points
- 0.5 points per dollar on Visa, uncapped
- Annual Fee
- $89.00
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Qantas Business Credit Card
- Rewards Points
- 0.6 points per dollar on Mastercard, up to 30000 points per month
- Annual Fee
- $89.00
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Qantas Business Signature Card
- Rewards Points
- 0.66 points per dollar on Visa, up to $50,000 per month
- Annual Fee
- $295.00
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Amplify Business
Qantas Frequent Flyer
- Rewards Points
- 0.5 points per dollar on Visa, uncapped
- Annual Fee
- $89.00
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Amplify Rewards Business
Qantas Frequent Flyer
- Rewards Points
- 0.5 points per dollar on Visa, uncapped
- Annual Fee
- $89.00
Velocity Frequent Flyer Business Credit Card
If your business is looking for returns on Virgin ticketed flights, the Velocity Frequent Flyer Business award is a great place to start your search. We compared numerous cards which provide Velocity awards for businesses to find this year’s winner.
Congratulations to:
American Express, ANZ, NAB, and Suncorp Bank
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Business Explorer Credit Card
- Rewards Points
- 2 points per dollar on Amex, uncapped
- Annual Fee
- $149.00
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Business Black
- Rewards Points
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1.5 points per dollar on Visa, up to $10,000 per month, then
1 point per dollar on Visa, uncapped
- Annual Fee
- $300.00
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Rewards Business Signature Card
- Rewards Points
- 1.25 points per dollar on Visa, uncapped
- Annual Fee
- $175.00
What are the Mozo Experts Choice Awards?
Now in their eleventh year, the Mozo Experts Choice Awards present an opportunity to recognise products in the market we believe offer great value to Australians.
For the 2024 Business Credit Card awards, our Experts analysed 47 business credit card products issued by 15 Australian financial institutions head to head.
“Choosing the right credit card for your business needs can be essential to your bottom line, but with the endless choices out there, finding the right card can be difficult”, said Peter Marshall, Mozo Experts Choice Awards Judge.
“No matter if you’re looking for the added bonus of rewards or frequent flyer points for your business spending or you’re just looking for the lowest possible interest rate, this year’s award winners are the best place to start your search.”
For full details on how we crunched the numbers, the awards criteria and how we determined the winners, see the 2024 Mozo Experts Choice Awards for Credit Cards methodology report.
Our Expert Judges
We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.
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AJ Duncanson
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Peter Marshall
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Meredith Allan
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George Hirst
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Rumpa Saha
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Afia Asha
FAQs
What’s the Judging Criteria for the Mozo Experts Choice Awards?
Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our 2024 Mozo Experts Choice Awards for Business Credit Cards methodology report for detailed information on how we performed product comparisons for credit cards to determine the final winners for 2024.
Did you compare all business credit card providers in the market for these awards?
In this year’s awards we analysed 47 business credit card products issued by 15 Australian financial institutions. We aim to include most providers in the market in the Mozo Experts Choice Awards. However, not every product in the market will be included in our review. For a full list of the providers included in our assessment, please see our methodology report.
How do I choose the best credit card for my business?
When you’re looking for a business credit card you’ll want to think carefully about your ability to repay any balance, and the card benefits that your business will use most or get the best value from.
For instance, low rate cards are generally better value if the business will carry a balance on a card from time to time. If you’re able to pay off your balance in full each month, a no annual fee or rewards credit card could be a good option for your business.
If you want to learn more about the key features of business credit cards and the types of cards that are available, why not check out our range of helpful credit card guides? To see the latest credit card deals you can visit our credit cards comparison page.
Who are the Mozo Experts?
The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Mozo's Financial Services Specialist he contributes to the team of analysts that gather information and compare products every day, and oversees the calculations and data quality used for producing the Mozo Experts Choice Awards.
I work for a winning business credit card provider, how do we promote our win?
Please get in touch with us to discuss by email should you have any queries.