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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 low annual card fee and credit limits from $2,000 to $100,000.

Accepted everywhere Visa is accepted.

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

19.96% p.a. 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.

Individual card credit limits

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

Low annual card fee

Low annual card fee (currently $75 per card). Spend $15,000 or more on a specific card in a year for the annual card fee to be waived on that card in the subsequent year.

Easy tax reporting

Easy tax reporting by export your transactions into MYOB and BAS with ease. Read the Terms and Conditions (PDF 153KB) before deciding.

BusinessChoice Everyday low rate credit card

Transaction

Interest rates

Purchases 14.25% (variable)
Cash advances 19.96% (variable)

For more interest rate information see the BusinessChoice Cards Terms and Conditions (PDF 153KB)

Fees

Amount

Annual card fee

$75 for each card

Spend $15,000 or more on a specific card in a year for the annual card fee to be waived on that card in the subsequent year.

Foreign transaction fee

3% of the Australian dollar value of any Foreign Transaction.

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

Cash advances / withdrawal fee

$2.50 if you account is in credit (has a positive balance) after a cash advance transaction.

2% of the cash advance amount (minimum $2.50 and maximum $150) if your account is in debit after the cash advance transaction (has a negative balance).

These charges will appear on your credit card statement directly below the relevant cash advance.

Missed payment fee

$15 may be payable each statement cycle that the whole of the minimum monthly payment is not paid by the statement due date.

These charges will be debited to your account and appear on your credit card statement.

Over-limit fee

$15 each time you exceed your limit during a statement cycle. This fee may also be charged whenever your account is over the limit at the beginning of a statement cycle.

These charges will appear on your credit card statement on or after the day(s) you credit limit is exceeded.

Duplicate statement fee

$7.50 is debited from your card account when you request a statement that has already been issued.

These charges will appear on your credit card statement on or after the day(s) you order the duplicate statement.

For more fee information see the BusinessChoice Cards Terms and Conditions (PDF 153KB)

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).

Applicants must be

  • Australian permanent residents
  • Over 18 years old
  • Intending to use the facility for business or investment purposes
  • The business owner, trustee or company director
Things you should know

Annual card fee: For Altitude Business Platinum and Altitude Business Gold credit cards, the annual card fee covers all cards associated with the product. For BusinessChoice Rewards and BusinessChoice Everyday credit cards, an annual card fee is payable for each card associated with the facility.

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 Westpac Business Credit Cards Complimentary Insurance (Effective 1 June 2015) which may be amended from time to time. Westpac does not guarantee the insurance. You can get a copy of the policy booklet by calling 1800 091 710.

American Express® is a registered trademark of American Express. The Westpac American Express Card is issued by Westpac Banking Corporation pursuant to a license from American Express.