I Need to Get a Business Credit Card Recommendation

LGilbertimus on 17/09/2024 - 18:31

I have been using NAB Qantas Business Signature Card with $16k limit since begining of this year and currently I am getting 30k points every month.

It means I spent roughly $40k every month including business and personal expenses with this card so I have to make repayments a couple of times each month for all my expenses.

I am going to have an extra $23k in ongoing expenses from end of October so I require a higher credit card limit.
I am thinking to get an another NAB Qantas Business Signature Card with my other company as it has a 200,000 point deal.

But… I'm interested to hear opinions on getting an Amex business platinum instead? I am not sure if it is worth it as it is more expensive than the personal one and has less benefits. I could get way more points but not quite sure I would enjoy the benefits of the credit card as my wife and I are going overseas only a couple of times a year.

Or get both? haha

Thanks in advance!

Financial Credit Card

Comments

  • askbargain on 17/09/2024 - 18:59
    +1

    If you want more points and can use the benefits: Amex

    If you have the time: churn business cards. Not as much as personal cards. If you have a lot of time, use personal cards and churn those too.

    If you don't have time: Ask for a limit increase on our NAB card.

    • geekcohen on 18/09/2024 - 05:52
      +2

      If you want more points and can use the benefits: Amex

      This. Amex is better for businesses and sounds like the Platinum would be better for you with the travel benefits it provides.

      OP, if you want a direct contact with AMEX to discuss this, let me know. I can give you his contact details, just PM me.

      • Gilbertimus on 18/09/2024 - 14:59

        Thanks mate. I was thinking to get AMEX business platinum but I can't get over it being more expensive than personal platinum card with less benefits. I don't need to provide cards to my employees so I am not sure whether it is worth to pay more than the personal one.. other than the benefit of being able to claim the annual fee as a company expense

    • Gilbertimus on 18/09/2024 - 14:51

      Thanks for your reply. I have the time. Might have a lot of time haha. I might go ahead both business cards strategically . I have 3 businesses so it is quite easy to churn a card and move on to another card I guess

      • askbargain on 18/09/2024 - 20:21

        In such a case, get the biggest Amex business sign up bonus. Keep that and don’t bother churning Amex. Churn the Mastercard/Visa cards as much as you can.

        Might be a bit more complicated with 3 businesses. Speak to an accountant?

Login or Join to leave a comment
Login Join