business credit card and points

I have about 500k in expenses a year and am thinking of getting a credit card with points and paying the expenses and then transferring the money before end of month.

anyone care to share their recommendation for this? lots of options out there

 

@sunnyskies, if you run your own company the best and most flexible card would be American Express Platinum Business Charge Card.

Right now it has a promo of 150000 bonus American Express Membership Rewards points (see link below) for signing up and spend $5000 within 1st 2 months. The annual fee is high ($1500 per year) BUT it has a lot of benefits including earning points on many different partners, automatic Virgin Australia lounge access, free Priority Pass worldwide lounge access, free companion card such as Platinum Reserve/Edge where you get a free domestic ticket, free Platinum Travel Insurance, Starwood Preferred Guest Gold, Marriott Rewards Gold, Club Carlson Gold Elite level etc.

The American Express® Platinum Business Card

The 150000 American Express Membership Reward points is worth a lot, especially you are transferring to 10 airlines at the following ratio:

Qantas: 1:1
Virgin Australia: 1:1
Singapore Airlines: 1:1
Cathay Pacific 1:1
Etihad 1:1
Malaysia Airlines 1:1
Thai Airways 1:1
Emirates 4:3
Virgin Atlantic 1:1
Air New Zealand 100:1

So for something like Singapore Airlines, 150000 points is like almost a return Business Class ticket from Australia to Europe for free (requires just over 160000 points + taxes etc).

Another thing, it has the following benefits for housekeeping purposes:

Control your paperwork and expenses with monthly statements. Where available, the GST payable amount for transactions is provided and meets the ATO’s requirements for GST reporting7. This will assist you when completing your BAS and managing your business expenses at tax

 

For someone who has never had a credit card before and is easing into it, what would you suggest? Few things:

• would rather start with Master or Visa as they are more universally accepted
• Looking to avoid high fees, e.g. $1500 first year
• Expenses are probably about the $100-500k per year, but would need multiple different cards for the different employees who would need it.
• Projecting expenses to jump to 500k+ a year if I go into a new venture.

 

This is what I use but not sure I would sign up the next year without the points.

 

NAB platinum 80000 points spending 2.5k in 90 days.

 

I have just applied for in business.
Nab Platinum Rewards Visa 80,000 points minspend $15k in 90 days.

I also am applying for
Nab platinum Rewards (personal) 350,000points with a new home loan.

I also have
Nab velocity (non platinum)
Amex platinum credit card
Amex green charge
AnZ black Rewards (this one will go soon)

 

Wow!

Did you receive the letter in the past few weeks - month from ANZ that they are cancelling the AMEX cards from August? They have also advised that you get fewer FF points per $ spent. Might need to look into the NAB cards you've mentioned (although won't be able to move home loan )

 

Just watch that you are not charged a surchage for using AMEX - many places charge up to 4% which can make a dent in benefits.
Marg

 

Yep ditching anz as a result. Fees are too high for the rewards now.

Edit: plus I like to churn every so often withsign on bonuses anyway.

 

Yes, you need to understand your redemption value per point and therefore know wether it's worth a surcharge or not.

 

Is it $15k or $2.5k?

NAB Rewards Platinum Credit Card

 

Two different cards one business one personnel.

 

Great comments, cheers. This wouldn't affect your credit checks? (I assume the churn isn't too often).
Just need to get used to the CC being with another bank outside my regular banking (and therefore additional steps/websites to check balance, repay monthly charges etc...)

 

Definitely affects it, but two a year seems to be ok. Where you can go wrong is applying for ones you won't get. Multiple hits in a short period of time.

I have stuff with westpac anz cba and nab anyway so doesn't bother me.

 

FYI, just cancelled my Amex Platinum Business Card. They did offer me 70k points to keep the card.