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Compare the Best Business Credit Cards (October 2025)

Need a credit card for business use? Compare business credit cards from AMEX, ASB, ANZ, BNZ, Westpac and Kiwibank with with low interest rates, rewards, Airpoints, cashback and more.
Updated 21 October 2025

​Summary of Business Credit Cards
  • Business credit cards have different purposes for different businesses and their unique needs.
  • To understand the offers better, we reviewed all business credit cards offered by ASB, AMEX, ANZ, BNZ, Kiwibank and Westpac. In doing so, we have determined one card for the following categories:
  1. Best Overall Card for Rewards - the AMEX Business Gold card is arguably most suited to profitable, cash-generating businesses looking to stack reward points and redeem them for high-value experiences such as international flights and hotel stays in New Zealand and around the world 
  2. Best Cashback Business Credit Card - for businesses looking to benefit directly, in cash, from everyday spending
  3. Best Airpoints per Dollar Spend Business Credit Card - for businesses looking to earn free Air New Zealand travel
  4. Best Low-Interest Rate and Longest Interest-Free Period Business Credit Card - for business looking to manage cash flow and expenses with low-cost options
  5. Best Overseas Foreign Exchange Fee Credit Card - for business spending significant proportions in foreign currencies
  6. Best Prepaid Business Credit Card - for businesses looking to manage team expenses without the hassle
​Credit cards for business use have many benefits for cardholders, including low-interest repayment terms, Airpoints Dollars, free travel insurance, cashback, rewards and adding additional cardholders free-of-charge. However, a card for one business may not always suit another.

Our guide to business credit card looks at the latest offers, the fees, the benefits and any important terms and conditions. We cover:
Advertising Disclaimer: We may receive payment if you sign up for a credit card via MoneyHub - please read our advertising policy for more details. ​

MoneyHub Founder Christopher Walsh shares his views about Business Credit Cards:

Bank credit cards, and particular business credit cards, mostly fail to deliver the value they should. I frequently receive complaints about poor value bank "cashback" and "reward" cards, and business credit cards for the most part are not any different.

If you're a business owner and want a credit card to chargeback business expenses, there are many choices. If you're always able to meet bills on time, rewards and cashback-earning credit cards may be of interest to you. However, as with any credit card, all the benefits are lost if you don't pay the balance in full every month.

Whatever you decide, make sure it's the best for your immediate business spending needs. There's no point getting a card "for later," as you'll either overpay and/or get the wrong rewards. For this reason, we've explained the cards in detail to help your decision-making process. If you are in any doubt about what your business can afford, it's likely that the best credit card is "no credit card".
Christopher Walsh
MoneyHub Founder

What is a business credit card?

A business or company credit card operates very similar to a personal credit card and can help a business manage different expenses. Business credit cards can be used by both business owners and employees and are either paid by the business or employee directly. Like a personal credit card, the business credit card has the name of the person using it as well as the name of the company printed on it.

You can use a business credit card just like you would a personal credit card, although some employers may have policies on what it can and can’t be used for. The benefits can include free travel insurance, Airpoints Dollars, cashback and rewards. 

A business credit card is covered by the Credit Contracts and Consumer Finance Act, so you have the same legal rights and obligations just like you do with a personal credit card. 
​
Applying for a business credit card is similar to applying for a personal card, with some minor differences. 

How do business credit cards work?

Business credit cards operate much like a personal credit card does. Every card has: 
  1. A credit limit: Every card will come with a credit limit, set by the issuing bank. This credit limit is the maximum you can spend on the card.
  2. An interest rate: The card will stipulate what the annual interest rate is for purchases and cash withdrawals. This can range from anywhere between 15% to as high as 25%. 
  3. An interest-free period: The card will offer up to 44 or 55 days of interest-free purchases. This means that if you buy something on 1 January, then payment will be due on February 14 or 25, depending on the terms of your bank. Your billing cycle will usually run by month, meaning a purchase made on 31 January would still be required to be paid the following month.
  4. The minimum monthly repayment: Once you have used the card and built up a balance to pay, you have to pay back a certain minimum back on the due date. This is either a dollar amount or a percentage (around 2% to 5%). What amount that remains unpaid after the due date is charged interest. 
  5. An annual fee: This can range from $0 to $1,250 (the Amex charge card) based on the business credit cards available today in New Zealand.
  6. Foreign currency conversion fees: If you make a purchase in a non-New Zealand Dollar currency, a fee will apply to convert the amount to New Zealand dollars.  

Who are business credit cards designed for?

Each card has its specific eligibility requirements, but generally, you can apply for a business credit card if you meet one of the following criteria:
  • Operate as a sole trader
  • Own a company or are a partner in a partnership
  • Work and/or make purchases for a large company
  • What card you are offered and the size of the credit limit will depend on the size and financial capability of your business, and if you have an existing relationship with the bank. 

How much does a business credit card cost?

The cost of a business credit card is more than just the annual fee. If your business relies on credit to operate, you will also need to consider the annual interest rate, over-limit and late payment fees. 
  1. Annual fees: Almost all business credit cards charge an annual fee, although from time to time offers do exist which waive the fee for the first year. 
  2. Interest rates: This is the significant cost of any credit card; a difference of even 5% between cards can make a $500 difference if a closing balance of around $10,000 is paid late every month throughout the year. 
  3. Late payment and over-limit fees: If you are late to pay, have a direct debit bounce or go over your credit limit, charges will apply and be added to the credit card balance.
  4. Cash withdrawals: if you take out money from an ATM, a cash advance fee applies, as does an interest charge (which is usually above the standard interest rate). Interest is charged from the moment you make the withdrawal.
  5. Foreign currency conversion fee: If you use your card for any purchases in a foreign currency, you will pay between 1.85% and 2.50% to convert the balance back into New Zealand Dollars. This applies to any purchase - overseas orders, online purchases and an overseas business trip.

What types of business credit cards are there?

Different business credit cards offer different benefits. We outline key differences:
  1. Low interest and/or low fee – these are cards that position themselves as being affordable. If rewards or free travel perks are not a priority, generally the lower the interest rate, the better the card for a business (all other things being equal). 
  2. Cashback: Cashback benefits offer a certain percentage of your spend (usually 0.50% to 1.50%) refunded to your card every year. For example, if you spent $10,000 in 12 months, you would get back $200 if the card offered 1% cashback.
  3. Reward points: ASB and Westpac specifically offer these; you earn points for use on products and services. These typically are not as good value as cashback benefits, and we have not reviewed them because the value of a reward point is subjective, difficult to quantify and not a top priority for business users.
  4. Airpoints Dollars: This allows you to earn credit for travel on Air New Zealand based on what you spend, for example, 1 Airpoints Dollar per $75 spent. You can also earn ‘Status credits’ which help cardholders achieve frequent flyer tier benefits.

What are the benefits of a business credit card?

Business credit cards bring many advantages to any business, big or small. These can include:
  1. Interest-free spending: With banks offering between 40 and 55 days interest-free, making purchases with a business credit card can be more cost-effective than a business loan or overdraft facility.
  2. Separate finances: Having a business credit card means your work expenses can be separated from your own credit card. This makes it easier to make expense claims and manage your personal cash flow. 
  3. Boost business credit: Having one or more business credit cards feeds into your business's credit profile, with timely repayments reported to credit agencies. A history of paying off a business credit card will give you a credit profile and make obtaining business credit easier than without such history.
  4. Oversight over cash flow: Business credit cards let you monitor company expenses as they are incurred, allowing you to budget accordingly. 
  5. Protection from fraud: Many credit cards offer fraud protection meaning your company isn’t liable to pay for fraudulent charges. 
  6. Reward and travel benefits: Many credit cards offer travel rewards, cash back and free overseas insurance. 

MoneyHub Founder Christopher Walsh shares his views about how to maximise the American Express Gold Business Card with Qatar Airways Privilege Club Avios:

MoneyHub's extensive research suggests the best strategy for making the most out of your American Express Gold Business Card is simple - use the points you earn on Qatar Airways business class flights or luxury hotels. We outline how you can use them for hotels here.

For flights, my view is simple - the most rewarding approach is to apply for the card, take advantage of the 50,000 Membership Rewards Bonus Points signup offer, earn points as you go about your everyday business, and then, when you have 270,000 in total, convert those points into Qatar Airways Privilege Club Avios at a 3:1 conversion rate.

Here's how it works:
  1. Apply and earn the signup bonus: Once approved for the American Express Gold Business Card, you'll earn 50,000 Membership Rewards Points (MRP) if you spend $1,000 within the first two months.
  2. Earn more points on your spending: You earn 2 points per $1 spent. To maximise your rewards, focus on using your card for everyday business expenses.
  3. Converting points to Qatar Airways Avios: Membership Rewards points convert to Qatar Airways Avios at a 3:1 ratio. For example, 270,000 MRP would convert to 90,000 Qatar Avios, which pays for Auckland to Europe business class or long-haul flight redemption. You can see our review of the Auckland to Doha leg here.
  4. Bonus: Convert AMEX Membership Rewards > Marriott Bonvoy > Qatar Avios and get 5,000 bonus Avios for every 20,000 converted (meaning a 25% boost to your AMEX earning rate). This unusual (but proven) approach means you'll earn Qatar Ariways reward flights faster, or transfer Marriott points to a choice of 30+ other airlines and get the same bonus (as Marriott outlines).  
  5. Calculating how much to spend: With the 50,000-point bonus already earned, you must accumulate another 220,000 MRP to reach 270,000. Given that you earn 2 points per $1, you would need to spend approximately $110,000 ($110,000 x 2 = 220,000 MRP).  However, with the Marriott Bonvoy bonus, you would need to spend less - 216,000 MRP (including your 50,000 bonus) converts to 72,000 base Avios, which becomes 90,000 Avios after bonuses, requiring only $83,000 in spending ($83,000 x 2 = 166,000 MRP + 50,000 bonus = 216,000 MRP).

My View: By combining the 50,000 bonus points and your regular spending, you can accumulate 270,000 Membership Rewards Points, which convert to 90,000 Qatar Airways Avios. These Avios can unlock incredible value for long-haul business class flights to or from New Zealand.

Even better, you can book flights for multiple people on the same Avios reservation (subject to award seat availability), making this a highly rewarding option for solo travellers, couples and groups. I believe the American Express Gold Business Card is an outstanding choice for any business owner, with the travel benefits adding an enriching bonus to its overall value.
MoneyHub Founder
Christopher Walsh

Compare Business Credit Cards

Our review of business credit cards shortlists the current offering into five categories:

Best Overall Business Card

American Express Gold Business Card

Our view: While AMEX leads with superior rewards potential - 2 points per dollar (worth up to 2.7% toward business class flights), 50-day payment terms, and the unique ability to pay IRD/ACC bills while earning rewards (using RewardPay). The $95 annual fee and limited merchant acceptance mean it works best as a primary card for businesses comfortable managing a backup Visa/Mastercard for smaller retailers.

The deal:
  • Interest rate: Not applicable (charge card - full balance due monthly)
  • Interest-free period: Up to 50 days
  • Annual fee: $95
  • Foreign currency conversion fee: 2.50%
  • Monthly payments: Full balance due each month (charge card model)
  • Bonus: 50,000 Membership Rewards points when you spend $1,000 in first 2 months

What you need to know:
  1. For more details or to apply, click here.
  2. Unlike traditional credit cards, this is a charge card requiring full monthly payment - ideal for businesses with steady cash flow. The 2 points per dollar earned can be converted to multiple airline programmes or used for statement credits.
  3. RewardPay integration allows IRD, ACC, and supplier payments to earn points (for a small fee), effectively turning tax obligations into travel rewards.

Best Cashback Business Credit Card

BNZ Advantage Visa Business​ Credit Card

​Our view: BNZ leads the market with a generous $1 cashback for every $75 spent, a competitive interest rate and annual fee, generous 50-day interest-free terms, and free travel insurance of up to 35 days. With 1.33% of expenses converting to cash, the Advantage Visa Business stands out among cashback competitors as an excellent choice for a business looking to use a credit card to manage expenses.

​​The deal:
  • Interest rate: 18.95% p.a.
  • Interest-free period: Up to 50 days
  • Annual fee: $100 ($50 every six months)
  • Foreign currency conversion fee: 2.25%
  • Monthly payments: Must be above the monthly minimum (either 2% or $25 of the balance owing - whichever is greater)

​What you need to know:
  1. For more details or to apply, click here. 
  2. BNZ and ANZ both offer cashback Business Credit Cards, and we compared these cards in detail to reach the opinion BNZ's offering is superior. This was primarily due to ANZ's less generous cashback terms (where a minimum spend of $5,000 per year is required to qualify for a cashback reward, applied at 0.5% for annual spend $5,000 to $9,999 and 1% for annual spend $10,000+.

Best Airpoints per Dollar Spend Business Credit Card

ANZ Visa Business Airpoints Credit Card

Our view: ANZ's Airpoints offering is generous and favours those who use Air New Zealand for work.

​​The deal:
  • Interest rate: 20.95%
  • Airpoints Dollars: One Airpoints Dollar earned for every $85 on eligible business spend and every $50 spent on Air New Zealand
  • Interest-free period: Up to 44 days
  • Annual fee: $145 per year (two six-monthly payments of $75)
  • Foreign currency conversion fee: 1.30%
  • Monthly payments: Must be above the monthly minimum (either 3% or $10 of the balance owing - whichever is greater)

​What you need to know:
  1. Foreign exchange rates are generally worse using a Visa than a Mastercard (based on our research), so this can offset gains in higher Airpoints Dollars earning (vs the Westpac offering below).
  2. For more details or to apply, click here. 
  3. Only ANZ and Westpac offer Airpoints Business Credit Cards, and we compared both of these cards in detail to reach the opinion ANZ's card is currently superior. We outline the Westpac offering below so you can compare with confidence.

Alternative - Westpac Airpoints Business Mastercard​ Credit Card

​Our view: Westpac's offering goes beyond the ANZ card with complimentary overseas travel insurance, extended warranty insurance, purchase protection insurance, but earns less Airpoints Dollars per $1 spent and has a higher interest rate.

​​The deal:
  • Interest rate: 20.95%
  • Airpoints Dollars: One Airpoints Dollar earned for every $85 on eligible business spend
  • Interest-free period: Up to 44 days
  • Annual fee: $145 per year (two six-monthly payments of $75)
  • Foreign currency conversion fee: 2.50%
  • Monthly payments: Must be above the monthly minimum (either 2% or $5 of the balance owing - whichever is greater)

​What you need to know:
  1. Insurance cover activates when qualifying purchases are made on the credit card
  2. Foreign exchange rates are generally better using a Mastercard than a Visa (based on our research), so this an additional advantage over the ANZ VISA Airpoints Business Card.  
  3. For more details or to apply, visit the Westpac website. 
  4. Only ANZ and Westpac offer Airpoints Business Credit Cards, and we compared both of these cards in detail to reach the opinion Westpac's card is currently superior.

Best Low-Interest Rate and Longest Interest-Free Period Business Credit Card

BNZ Business First Lite Visa Credit Card

Our view: BNZ leads the market with the lowest interest rate, low fees and generous 55-day interest-free terms, making the Business First Light Visa an excellent choice for a business looking to use a credit card to manage expenses. In essence, it's affordable financing that avoids the need for expensive credit such as overdrafts and business loans. 

​​The deal:
  • Interest rate: 14.95% p.a.
  • Interest-free period: Up to 55 days
  • Annual fee: $60 ($5 monthly)
  • Foreign currency conversion fee: 2.25%
  • Monthly payments: Must be above the monthly minimum (either 2% or $25 of the balance owing - whichever is greater)

​What you need to know:

Best Prepaid Business Credit Card

Westpac Business Prepaid Mastercard Prepaid Card

Our view: Westpac offers the first (and only) prepaid business prepaid card in New Zealand. Features include a re-loadable card with zero annual fees, no credit limits and seamless employee expenditure reporting, control and oversight.

The deal:
  • Interest rate: 0% (cards are prepaid)
  • Interest-free period: Not applicable
  • Annual fees: Expensive - Westpac charges $4/month per card, in addition to a one-off $8 card "production fee".
  • Foreign currency conversion fee: 3.50%
  • Other Fees: Balance checking and withdrawals apply - see this list for full details

What you need to know:
  1. A business has access to a secure online portal which allows the administrator to activate new cards, load funds onto cards, maintain cards, view card transactions and generate reports and export files.
  2. For more details or to apply, visit the Westpac website

Applying for a Business Credit Card

If you plan to apply for a business credit card, there are a number of things to be aware of as some of these can affect how your business uses the card. 
  1. Credit checks and low credit limits – if your business is new, it will be harder to be approved. If you are, the limit may be as low as $1,000 until you prove your ability to repay balances on time.  
  2. Monthly, quarterly or annual fees – each bank charges their own fee, and the lowest fee credit card may not offer the best interest rate.
  3. MasterCard and Visa are more widely accepted than American Express, however services such as RewardPay allow you to pay suppliers, the IRD and ACC with an AMEX (for a small fee).

Three Things to Know About Business Credit Cards

Low-Interest Business Credit Cards generally offer cheaper financing than bank loans and overdrafts

If you're a business that depends on loans or overdraft to manage cash flow, business credit cards can offer low-cost, flexible financing. Low-interest options would be the best bet, and don't have the high penalty interest rates that come with overdrafts, application fees that hike up business loan costs, and are not as complicated as revolving credit facilities.

The best business credit card will differ based on your company's cash flow and turnover

Overall, we take the view that for the average business who can regularly meet its monthly creditors, a cashback credit card makes the most sense. Business margins are tight, and getting 0.50%, 1% or even 1.33% back on every dollar spent adds up.

You can you a personal credit card for business purposes

There is some fine print around some credit cards with regards to business use, but generally, it's perfectly normal for employees or business owners to charge specific items to their credit card and claim them back by way of filling out an expense claim. Depending on when you incur the charge and submit the claim, you may be paid before your credit card bill is due. If your business doesn't need its own credit card, allowing expense claims is perfectly reasonable.

Frequently Asked Questions

Coming soon
​Do you have an experience with business credit cards you would like to share with our users? Email our research team - we would be delighted to hear from you.