Qantas American Express Business charge card

Credit Card Review: Qantas American Express Business charge card

What's Hot

  • Earn uncapped Qantas Points
  • Automatically sync transactions with MYOB
  • Maximise your points with employees as additional cardholders

What's Not

  • Reduced earn on utility, government and insurance spend

X-Factor

  • No pre-set spending limit

Introduction

Take control of your business spending with the Qantas American Express Business charge card, automatically syncing your transactions with MYOB for easy reconciliation, and proving clear reports on employee charges when issuing additional cards to your hard-working team.

There's also no limit to the number of points you can earn on your business expenses – and indeed, no pre-set spending limit either: just spend what you can afford to repay and pay the full closing balance every month with no interest charges, plus up to 51 days interest-free on purchases.

Qantas American Express Business charge card: fast facts

  • Grade/tier: Gold
  • Card type: American Express
  • Loyalty program: Qantas Frequent Flyer
  • Points capping: Uncapped
  • Supported tech: Android Pay, Apple Pay, Samsung Pay

Total Qantas Points earned per A$1 spent on...

  • Qantas flights booked in Australian dollars and Qantas Club airport lounge memberships: 2
  • Utility bills, insurance payments and with government bodies (including the ATO): 0.5
  • Everything else: 1

Fees, charges and interest: 4.5/5

  • Annual fee: $299
  • Additional/supplementary cardholder fee: $119
  • Interest rate on purchases: N/A (monthly balance must be paid in full)
  • Interest-free days on purchases: Up to 51
  • Interest rate on cash advances: N/A
  • International transaction fee: 3.0%
  • Minimum income requirement: $24,000 p.a.
  • Minimum credit limit: No pre-set spending limit

Earning points for free flights: 3.5/5

The Qantas American Express Business charge card is a good fit for established businesses with no points capping to get in the way – so whether you spend $2,000 per month or $200,000, you'll be earning points on every dollar billed to your business AMEX card.

Having no pre-set spending limit also stops things like large hotel pre-authorisation charges from getting in your way: just spend what you could otherwise afford to pay by bank transfer, as the entire closing balance needs to be repaid in its entirety every month.

That's the big difference between a 'charge card' and a 'credit card': you can't carry a balance from month-to-month on a charge card like you can with a credit card.

Provided you spend within your business' means, you'll earn enough points for a one-way Sydney-Melbourne flight in economy for every $4,000 spent on Qantas flights and Qantas Club memberships; $16,000 with insurers, utilities and government agencies; or $8,000 everywhere else, plus a small payment to cover taxes and fees.

Airport lounge access, complimentary insurance coverage: 3.5/5

While free airport lounge access isn't a feature offered here, cardholders can still use the card to purchase access to American Express Centurion Lounges in the United States – although there's no access to the AMEX Lounge at Sydney Airport.

Double points can also be earned when paying for Qantas Club airport lounge membership, covering you and your road warriors in Australia and selected locations overseas.

When a cardholder uses their Qantas AMEX Business card to pay for domestic and international travel, they may be covered by complimentary domestic and international travel insurance, travel inconvenience cover and transport accident cover: saving you money in not purchasing a separate policy.

Benefits for business: 4/5

Streamline your accounting processes by linking your AMEX business card account to MYOB and your transactions can be automatically synchronised into your business books, saving hassle at tax time.

Business owners can also import their AMEX transactions into MYOB manually when it suits them, as they can with Quicken and Microsoft Excel.

Your employees can also be issued with supplementary business cards at a cost of $119 per year, with monthly card statements tabulating expenditure by cardholder, allowing you to keep track.

The card's main annual fee, along with any supplementary card fees, may also be tax deductible if used entirely for business purposes, so speak with your accountant to see what's possible.

Qantas American Express Business charge card: the verdict

With no pre-set spending limit, no cap on the points you can earn and an affordable annual fee that can even be deductible, business owners can easily save money by using an AMEX business charge card.

That's because you'll avoid the need to purchase annual or single-trip insurance policies whenever booking flights using your card, while also earning frequent flyer points on every dollar spent.

Those points could be used to reduce your future business travel costs, or to upgrade paid journeys to premium economy, business class or first class to maximise both productivity and sleep when jetting about.

However, if yours is a smaller business with yearly expenditure under $50,000, consider also the American Express Business Accelerator Card, earning up to two frequent flyer points per dollar spent with airlines such as Virgin Australia and Singapore Airlines.

Chris Chamberlin
Australian Business Traveller journalist Chris Chamberlin lives by the motto that a journey of a thousand miles begins with a single step, a great latte, a theatre ticket and a glass of wine!
 

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23 Sep, 2017 06:49 am

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