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Essentials

Stay on top of your business expenses with a credit card that offers a lower interest rate on purchases.

A credit card for business purchases with an account credit limit from $2,000 up to $100,000. Accepted everywhere Visa is accepted.

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

19.96% variable interest rate on cash advances.

Up to 45 days interest free on purchases

Up to 45 interest free days on purchases when you pay off your closing balance in full by the due date shown on your statement each month.

Up to 10 cards on one account

Individual card credit limits from $1,000 on up to 10 cards for each account gives the ability to keep track of each card’s activities.

Low annual fee

The annual fee, currently $75 will be waived when $15,000 or more is spent on the card in the previous 12 month period.

Complimentary insurance

Peace of mind comes standard with complimentary unauthorized transaction insurance cover up to $20,000.

Easy tax reporting

Make tax reporting hassle-free by exporting your transactions into MYOB and BAS with ease. (Check the terms and conditions before deciding.)

Fees (these may change)
Amount
Annual fee

Annual fee of $75 waived when you spend $15,000 or more on the card in the previous year.

Foreign Transaction Fee

A 3% Foreign Transaction Fee is payable as a percentage of the Australian dollar value of any Foreign Transaction.

 

Note: It may not always be clear to you that the Merchant or entity processing the transaction is located outside Australia.

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 $75.
  • These fees will appear on your credit card statement directly below the relevant cash advance.
Missed payment fee

$9 each statement cycle that the whole of the minimum monthly payment is not paid by the statement due date. If charged, this fee will be debited to your account.

Over-limit fee

$9 each time you exceed your 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 is debited from your card account when you request a statement that has already been issued. This fee is debited from your account on or after the day you order the duplicate statement.

Transaction Interest rates
Purchases 14.25% p.a (variable)
Cash advances 19.96% p.a (variable)

Information needed

  • Income, employment, financial commitment details, Liabilities, assets and expenses
  • Business details (including ABN, principal's details, address, phone number)
  • Personal and the Business finances, including  after-tax income (including previous year)
  • Accountant or financial secretary details (including phone number is optional)
  • Australian driver's licence (if you have one).
  • Westpac account and customer numbers (where applicable).

What to expect

  • The application form will take approximately 20 mins to complete (10 mins for existing customers).

Who can apply?

  • 18+ years old
  • Australian permanent resident
  • The business owner, trustee or company director must complete the application
  • For business or investment purposes.
Things you should know

BusinessChoice Cards Terms and Conditions (PDF 153KB)

Commercial Cards Insurance Policy (PDF 124KB)

Commercial Cards Insurance Policy (For claim events prior to 1 June 2015) (PDF 479KB)


Complimentary Insurance covers: QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545 has issued an insurance group policy to Westpac Banking Corporation ABN 33 007 457 141 which allows eligible Westpac Bank account holders and cardholders to claim under it as third party beneficiaries. The terms, conditions, limits and exclusions, of the group policy, are set out in Commercial Cards Insurance Policy which may be amended from time to time. Westpac does not guarantee the insurance.

Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.