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ZAEnjoy $0 Annual Card Fee (usually $149) in the first year when you apply online by 3 October 2023 and are approved for the American Express® Business Explorer Credit Card. Available for new American Express Card Members only.
For a personalized banking report, and access to tailored funding and savings opportunities for your business, simply register here.
American Express Business Explorer® Credit Card
Annual Fee
No Annual Card Fee for First Year
Credit Card
Up to 55 interest free days to pay for purchases. Interest rate of 23.99% p.a. on new purchases for first 6 months*
Key Benefit
Earn up to 2 points per $1
Enjoy $0 Annual Card Fee (usually $149) in the first year when you apply online by 3 October 2023 and are approved for the American Express® Business Explorer Credit Card. Available for new American Express Card Members only.
American Express® Qantas Business Rewards Card
Annual Fee
$450 annual fee
Charge Card
No pre-set spending limit, Up to 51 / 55 days to pay for purchases
Key Benefit
Earn 2 Qantas Points per $1 spent on Qantas products and services, 1.25 Qantas Points per $1 spent on everyday purchases. Get up to $100 credit twice a year with Dell Technologies.
Earn 100,000 bonus Qantas Points when you apply, are approved and spend $3,000 on eligible purchases on your new American Express® Qantas Business Rewards Card within 2 months of your approval date. Available for new American Express Card Members only.
American Express® Platinum Business Card
Annual Fee
standard annual fee of $1750
Charge Card
No pre-set spending limit, 55 days payment terms
Key Benefit
Earn up to 2.25 points per $1
Earn 200,000 Membership Rewards® Bonus Points when you apply, are approved and spend $8,000 on eligible purchases on your new American Express® Platinum Business Card within 3 months of your approval date. Available for new American Express Card Members only.
Archa Mastercard® Business Card
Annual fee
From $14 p/mth
Charge Card
Flexible credit limits up to $40,000. 30 day payment terms.
Key benefit
Instantly issue multiple company cards. Xero bank feed integration (coming end of Feb).
More than a credit card, Archa is your all-in-one spending solution. Instantly issue cards to staff, track and control spending, and enjoy fast, local customer support.
Cape Mastercard Business Card
Annual Fee
Free Beta Programme Access (we’ll be in beta for the next few months)
Charge Card
30 day payment terms.
Key Benefit
Instantly issue multiple company cards and set custom limits on each card.
Designed for well-funded startups, the no-annual-fee Cape 30 Card requires no personal guarantee, has no FX Fees and offers dynamic credit limits that move in tandem with your company’s cash flow that are 10-20x higher than the traditional business credit cards
Register your business with Swoop and integrate your bank account for your personalised reportA credit card is a way to borrow money. You use a credit card to pay for purchases just like you’d use your debit card. But, unlike a debit card where you spend the money deposited in your bank, with a credit card, you’re actually borrowing the money from a credit provider to pay for your purchases.
Credit cards are typically meant for borrowing relatively small amounts of money, usually ranging from $1,000 to $10,000, although credit limits can go much higher for those on high incomes.
Credit cards give you more flexibility in borrowing money. Instead of getting a lump sum of cash with traditional loans, credit cards give you a set amount of credit, and you can borrow as much as you need, within that amount.
You can then choose to pay off the balance straight away, or in monthly instalments. If you pay via installments, you may have to pay interest on what you owe. Bear in mind, the longer you take to repay the amount, the more interest you might incur.
Business credit cards are specially-tailored to the unique needs of business owners. They make it easier for small business owners to separate business transactions from personal transactions giving them more control and visibility over the business’s spending. Some business cards may also offer rewards you can use for virtually free travel, expense management, and credit to grow your business.
When applying for a business card, you might need to fulfil some criteria.
Personal criteria:
Business criteria:
Eligibility criteria specific to AMEX business cards
Spending Limit:
A credit card has a pre-set spending limit unlike a charge card which has no pre-set spending limit. However that does not mean you can spend unlimited with a charge card. The amount of purchases you can make with a charge cards are based on several factors and can be adjusted with time.
Repayments:
In the case of a credit card, you can choose to pay the whole balance in one go or make payments over time. There is usually a minimum amount you have to pay at the end of the month and any deferred payments will likely incur interest charges. In the case of a charge card, you have to make the full payment at the end of each month.
