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Business credit card rates

When researching the best business credit card for your business's needs, you should compare credit card rates while weighing up the benefits of other features on offer. Read more about the benefits of business credit cards for businesses.

If you don’t usually pay off your balance in full each month, look for a card with a low purchase rate.

Rewards cards generally have higher purchase rates in exchange for earning points, travel and business benefits. However, you may be able to take advantage of interest free days on purchases if you pay your balance in full by the statement due date each month.


Purchase rate (variable)

Cash advance rate (variable)

Special balance transfer rate

Altitude Business Platinum




4.99% for 12 months

when requested at card application by 29th September 2020.*

Altitude Business Gold




4.99% for 12 months

when requested at card application by 29th September 2020.*

BusinessChoice Rewards Platinum


20.24% 20.24%  

BusinessChoice Everyday

(Low rate)

14.25% 19.96%  

About credit card interest rates

Interest is charged daily on any outstanding balance, so it’s important to know the different types of credit card rates and how they will impact your balance.

Purchase rate

This is the interest rate you pay on purchases made with your card(s), expressed as a variable rate per annum. The rate applies for example, to purchases made in-store and online.

Cash advance rate

The cash advance rate is what you are charged when, for example, you use your credit card to withdraw cash from an ATM. Note that cash-equivalent purchases, like loading a travel money card, are also charged at the cash advance rate. The variable cash advance rate will almost always be higher than the purchase rate and interest free days do not apply.

Balance transfer rate

The balance transfer rate is usually a low rate offered to customers transferring balances from an existing non-Westpac store or credit card to a new Westpac credit card. Taking advantage of balance transfer offers can be a good debt consolidation strategy.

Learn more about how interest is calculated and making the most of interest free days.

Things you should know

For more interest rate information see the BusinessChoice Cards Terms and Conditions (PDF 307KB)


*Balance transfer promotion: The promotional balance transfer rate is available when you apply for a new Westpac credit card between 27th February 2020 and 29th September 2020 and request at application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards. The rates will apply to balance(s) transferred (min $200 up to 80% of your approved available credit limit) for the promotional period, unless the amount is paid off earlier. Card activation will trigger the processing of the balance transfer. The variable purchase rate will apply to balance(s) transferred but left unpaid at the end of the promotional period. Westpac will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the account(s). The variable purchase interest rate applies to balance transfers requested at any other time. Switches, upgrades, customers accessing employee benefits or packaged cards are ineligible.