The best Mastercard business credit cards
Looking for a new business credit card?
Want to know what is the best Mastercard for small business?
Pay.com.au can process Mastercard payments for all your business transactions for a fee of as little as 0.51% after potential tax savings, letting you rake in the rewards points.
Here’s a quick rundown of the top business Mastercard products on the market that may be worth considering for your business.
Westpac Altitude Business Platinum
If you’re looking for a business Mastercard with uncapped points earning potential and complimentary insurances, this card could be for you.
It is a credit card that offers a credit limit of between $20,000 and $150,000 and earns points domestically at a rate of 1 Altitude Rewards point per $1 spent.
Altitude Rewards points can then be converted to one of six partner airline programs.
These are Qantas Frequent Flyer, Air New Zealand’s Airpoints program, Cathay Pacific’s Asia Miles program, Singapore Airlines KrisFlyer, Malaysia Airlines and Velocity.
The conversion rate to Qantas points is 2:1, meaning you realistically earn 0.5 Qantas Frequent Flyer points per $1 spent domestically if you choose that conversion.
As long as you remain a cardholder, Altitude Rewards points do not expire.
Other key benefits of the card include overseas travel insurance, purchase security insurance, extended warranty insurance and account holder’s unauthorised transaction insurance. Interest-free period: Up to 55 days
Additional cardholders: One extra at no additional cost
Points earn rate for payments through pay.com.au: 1 Altitude Rewards point per $1 spent (points can be converted to one of six leading airline partner programs)
Annual fee: $200
Commonwealth Bank Business Platinum Awards Credit Card
If your business already banks with CommBank, this could be a good card for you.
A Mastercard credit card, it comes with a minimum credit limit of only $6000 and allows you to earn up to 300,000 points a year through the CommBank Awards program at a rate of 1 Awards point per $1 spent.
Awards points can then be converted to one of more than a dozen partner airline programs.
These are Qantas Frequent Flyer, Velocity, AirAsia BIG, Air France-KLM Flying Blue, Cathay Pacific Asia Miles, China Eastern Eastern Miles, Etihad Guest, EVA Air Infinity MileageLands, JAL Mileage Bank, Lufthansa Miles & More, Malaysia Airlines Enrich, Qatar Airways Privilege Club and United MileagePlus.
The transfer rates vary for each program, but transfer rates to Velocity are 2:1 and rates to Qantas Frequent Flyer are 2.5:1.
This means you effectively earn 0.5 Velocity points or 0.4 Qantas Frequent Flyer points per $1 spent.
Other benefits of the card include transit accident insurance and unauthorised transaction insurance.
Interest-free period: Up to 55 days
Additional cardholders: $75 per additional card per year
Points earn rate for payments through pay.com.au: 1 CommBank Awards point per $1 spent (points can be converted to one of 13 leading airline partner programs)
Annual fee: $300