Credit cards

Essentials

• A low 14.25% p.a. (variable) interest rate on purchases

• Available as a BusinessChoice Everyday Visa or BusinessChoice Everyday MasterCard
• A low $75 annual fee per credit card (waived in any year when you spend $15,000 or more on your card in the previous year)
• 19.96% p.a. (variable) interest rate on cash advances
• Up to 45 days interest free on purchases where the closing balance is paid in full by the statement due date each month
• Easily export your credit card transaction history into MYOB and BAS
• Business credit limit from $2,000 to up to $100,000¹
• Up to 10 cards for each account with individual credit limits¹ and a complete overview of multiple cardholder spending for the principal cardholder(s)
• Manage your cash flow by choosing to pay a minimum amount each month or by clearing the balance
• Fast and convenient payment option with contactless transactions. No need to enter a PIN or sign for purchases under $100 per transaction at contactless terminals 
• Enjoy a range of complimentary insurance covers² including Unauthorised Transaction Insurance up to $20,000 per cardholder
• Enjoy extra security with Cardshield^® to guard against fraud and protect yourself when shopping online by registering for Verified by Visa or MasterCard SecureCode™ , through Westpac Added Online Security service.

Features

Extend your cash flow by up to 45 days

Up to 45 days interest-free on credit card purchases provided the total closing balance of all cards under the facility is paid by the statement due date each month. By instructing service providers to debit your credit card soon after the statement date is issued, you could better utilise these interest-free days to improve cash flow.

Complimentary business related insurance covers¹

Enjoy a range of business related insurance covers in accordance with the policy¹, including:

• Accountholder's Unauthorised Transaction insurance. Receive automatic protection against unauthorised transactions made by cardholders. Liability is limited to $20,000 per cardholder and $150,000 per account holder for any unauthorised transactions in a 12 month period. 
• Cardholder's Transit Accident insurance. Get protection against specific accidental death or injury when sustained riding as a passenger in a plane, bus, train or ferry.
• Flight Inconvenience insurance. As a cardholder who pays for their flight on this credit card, you are automatically entitled to reimbursement for certain costs for meals and refreshments, clothing and toiletries purchased as a result of flight delays and luggage loss.

Maximum credit limit

Your BusinessChoice Everyday credit card has a maximum credit limit of $100,000. If your business requires more than this amount, our Commercial cards with higher limits, may better suit your needs. Conditions apply.

A faster way to pay - contactless technology

Your BusinessChoice Everyday credit card comes with the added feature of contactless technology, which means that at participating merchants, you can now buy low cost everyday items including newspapers, coffee and sandwiches without always having to carry cash. Simply hold your Visa or MasterCard against the contactless terminal to make a secure payment for purchases under $100 - no need to enter a PIN or sign.

Manage your account online for greater convenience

Manage your account more securely from the convenience of your computer, 24/7 (subject to availability).

Principals can receive a copy of all individual credit card statements detailing all transactions made by cardholders that month.

Westpac's Added Online Security

Get extra security when you shop at participating online retailers by registering with Verified by Visa or MasterCard SecureCode™ through Westpac Added Online Security service.

Fees

Fees

Fee1	Amount
Annual fee	$75 for each credit card - waived when you spend $15,000 or more in the previous year
Wespac Foreign Transaction Fee	The Westpac Foreign Transaction Fee may be payable. This fee is the sum of the Westpac Processing Fee and the Westpac On-Charged Scheme Fee.
Westpac Processing Fee	A fee of 2.0% of the value of any purchase or Cash Advance/withdrawal transaction made in a foreign currency, following conversion into Australian dollars by the applicable Credit Card scheme, is payable. This fee will be incorporated into the Australian currency equivalent of the transaction shown on your statement.
Westpac On-Charged Scheme Fee	The Credit Card schemes also charge fees when processing Credit Card transactions made in foreign currencies. The fees are either charged during the process of converting the foreign currency amount into Australian dollars, or are charged separately to Westpac and passed on to you by us. The fees vary depending on the applicable Credit Card scheme: Visa Worldwide Service Assessment Fee - 1.0% MasterCard Issuer Cross Border Assessment - 0.8% MasterCard Currency Conversion Assessment - 0.2%.
Cash advance - withdrawal fee	If your credit card account is in credit (has a positive balance) after a cash advance transaction, a flat fee of $2.50 is payable If your account is in debit after a cash advance transaction, you will be charged 2% of the cash advance amount, with a minimum fee of $2.50 and a maximum fee of $150. These fees will appear on your credit card statement directly below the relevant cash advance.
Missed payment fee	$9 each payment cycle. A fee of $9 is payable each statement cycle that the whole of the minimum monthly payment is not paid by the statement due date. If charged, the Missed Payment Fee will be debited to your account.
Over-limit fee	$9 each time you exceed your limit. A fee of $9 may be debited from your credit card account every time you exceed your credit limit during a statement cycle. It is debited from your account in that statement cycle, on or after the day(s) your credit limit is exceeded. This fee may also be charged whenever your account is over the limit at the beginning of a statement cycle.
Duplicate statement fee	$7.50. A fee of $7.50 may be debited from your credit card account when you request a statement that has already been issued for your account. This fee is debited from your account on or after the day you order the duplicate statement.

Rates

Transaction	Variable interest rates
Purchases	14.25% p.a.
Cash advances	19.96% p.a.

 

Support

• See how you can manage your credit card
• Read up more on your credit card
• For further assistance, contact your relationship manager, call Westpac Business on 132 142 or Country Business Direct on 1300 134 979 (Mon - Fri 8.00am - 6.00pm Sydney time).