Choosing the right business credit card is one of the most impactful financial decisions for an Australian SME. With dozens of options from the big four banks, fintech providers, and charge card networks, it can be hard to know what actually matters. This guide breaks down the key criteria and compares the leading options for 2025.
What to Look for in a Business Credit Card
1. Credit limit: Does it scale with your business? Most bank cards cap at $50k-$100k. Cape offers up to $500k.
2. Interest rate: 0% APR options exist. Traditional bank cards charge 15-22% p.a.
3. Foreign exchange fees: Critical for businesses that buy from overseas suppliers. Cape charges 0% FX fees.
4. Expense controls: Can you set per-employee limits and category restrictions? Cape offers real-time card controls.
5. Fee structure: Annual fees, card fees, and late payment fees add up. Transparent pricing matters.
Top Business Credit Cards in Australia 2025
Cape Business Credit Card
- Credit limit: Up to $500k
- APR: 0% (pay monthly)
- FX fees: 0%
- Expense controls: Real-time per-card limits and category restrictions
- Free physical and virtual cards for team members
- Best for: Fast-growing SMEs wanting control and high limits
ANZ Business Black
- Credit limit: Up to $50k
- FX fees: 3%
- Annual fee: $295
- Rewards: Frequent Flyer points
- Best for: Businesses that prioritise travel rewards
NAB Business Visa
- Credit limit: Up to $100k
- FX fees: 3%
- Annual fee: $60 per card
- Best for: Businesses already with NAB banking
American Express Business
- No preset spending limit (charge card)
- FX fees: 3%
- Annual fee: $169-$1,750 depending on tier
- Rewards: Membership Rewards points
- Best for: High-spending businesses wanting premium rewards
Which Card Wins for Australian SMEs?
For most Australian small and medium businesses in 2025, Cape offers the strongest combination of high credit limit, 0% APR, 0% FX fees, and real-time expense controls. Traditional bank cards remain relevant for businesses deeply integrated into an existing bank's ecosystem or prioritising frequent flyer points over control and cashflow.
The bottom line: if you want to scale your spending without worrying about foreign exchange fees, interest costs, or losing track of employee spend, Cape is the standout choice.
