- Set a monthly cap for each cardholder to match your budget. You can choose to restrict cash access on some or all cards depending on your requirements.
- Up to 55 days interest free period2
- Simple monthly statement that summarises all fees, charges and payments with transactions conveniently sorted by cardholder.
- Unauthorised Transaction Insurance protects your business against unauthorised card use for up to $37,500 per cardholder and$200,000 per claims in any consecutive twelve month period of cover.1
- Transit Accident Insurance covers eligible cardholders and their spouses and dependant children with the cardholder for certain injuries and loss of life sustained on a trip, the full cost of which was purchased with the cardholder’s card.1
- ANZ Falcon Security
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ANZ Credit Cards
ANZ Business 55 Interest Free Days
Updated 5 August 2020
The ANZ Business 55 Interest Free Days gives your business an effective way of managing your cash flow with up to 55 days interest free and complimentary insurance cover.
Purchase Rate (p.a)
17.74%
Balance Transfer (p.a)
N/A
Annual Fee (p.a)
$150
Pros and cons
- $150 Annual card fee
Creditcard.com.au review
Editor Review
ANZ Business 55 Interest Free Days
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
The ANZ Business 55 Interest Free Days Card
Providing a cost-effective way to manage your cash flow, the ANZ Business 55 Interest Free Days card offers up to 55 days interest free on purchases, with a manageable annual fee. Cardholders can benefit from a range of extras on this card, including unauthorised transactions insurance, simplified accounting processes and control over individual cardholder spending.
What we love...
One of the most valuable features on the ANZ Business 55 Interest Free Days card is without doubt its simplicity. While this card may not offer rewards or extravagant features, it does allow for extended cash flow management, with a few nice business-related extras thrown into the mix as well. It’s a simple card, but it does simple well.
First up, cash flow. Helping to ease business cash flow day to day, the card provides up to 55 days interest free on purchases. As long as you clear your balance by the due date each month, you can benefit from interest free spending. The number of interest free days you get depends on the day the purchase is made within the statement period. Check out the terms for more on this.
Aside from its interest free days, the card also provides a number of extras that could come in handy in the day-to-day running of a business. In terms of insurance, you can benefit from unauthorised transactions insurance and transit accident insurance.
Unauthorised transactions insurance protects your business against fraudulent card misuse for up to $37,500 per cardholder, up to a $200,000 maximum for the total account within any 12 month period. Transit accident insurance covers certain injuries and loss of life sustained on a trip purchased with your card.
On to business tools. Using the ANZ Business 55 Interest Free Days card, you can keep track of business expenses when you receive simple monthly statements with transactions sorted by cardholder. You can also simplify your accounting processes with data feeds to Xero, MYOB, Intuit QuickBooks Online and other accounting software programs.
The card can also assist with the control of cardholder spending. As the accountholder, you can set monthly spending caps, transaction limits and merchant category controls for each cardholder.
What’s not so great...
While this may be a card that advertises its interest free status, transactions will attract interest under certain circumstances. If you do not clear your balance by the due date, that balance will start to attract interest. You will also not benefit from interest free days during the following statement period. The same applies if you have a balance transfer on the account.
And while the purchase rate on the card is not high, it’s not low either, so it’s best to pay off the balance by the due date each month to avoid interest altogether. As for the card’s annual fee, it is reasonable, plus you can add additional cardholders to the account at no extra cost.
Why should you choose this card?
If you’re looking for a simple business card with some handy business tools and features, the ANZ Business 55 Interest Free Days card may just be for you. You can enjoy all the features we have already mentioned, backed by ANZ service and support. This includes protection against fraud with ANZ Falcon and the ANZ Fraud Money Back Guarantee, plus worldwide emergency credit card replacement should you need it.
Another nice touch is ANZ Design My Card, which gives you the ability to design your own card by personalising it with an image of your choice at no extra cost.
Overall Rating
Allowing for effective cash flow management, the ANZ Business 55 Interest Free Days card keeps it pretty simple with a few handy business tools and features, backed by the might of ANZ.
User reviews
Rates and fees
Interest rates
Purchase rate 17.74% p.a.
Cash advance rate 19.24% p.a.
Interest free period on purchases up to 55 days
Credit limits
Minimum credit limt $1,000
Maximum credit limit N/A
Fees & repayments
Annual fee $150 p.a.
Additional card holder fee $0 p.a.
Foreign transaction fee 2.5%
Minimum repayment 2% or $10 - whichever is greater
Cash advance fee 2%
Late payment fee $35
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Unauthorised Transactions Insurance1
Overview
ANZ Business 55 Interest Free Days
The ANZ Business 55 Interest Free Days card gives your business breathing space around repayments, with up to 55 days interest free on purchases. That’s the obvious difference with this option, as many business credit cards or charge cards don’t offer any interest free days at all. You don’t miss out on any of the standard business credit card features you’d expect either. You’ll still have the option to set credit limits for additional cardholders, insurances, easy to follow single statements and the convenience of Visa access.
Terms & Conditions
1. Unauthorised Transactions Insurance and Transit Accident Insurance are part of a Group Policy issued by AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the underwriter, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 to Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522 AFSL and Australian credit licence 234527 which allows eligible ANZ account holders and cardholders to claim under the Group Policy as third party beneficiaries. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the ANZ Commercial Cards Terms and Conditions (PDF1.5MB) which may be amended from time to time. ANZ does not guarantee this insurance. Any advice has been prepared without taking into account your objects, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice.
2. Interest free days do not apply if you do not pay your Closing Balance (which includes any outstanding balance transfers, cash advances, purchases and Promotional Plans) in full by the due date each month. Payments to your account are applied in the order set out in the ANZ Commercial Card Terms and Conditions.
Key features
- $150 Annual card fee
- Set a monthly cap for each cardholder to match your budget. You can choose to restrict cash access on some or all cards depending on your requirements.
- Up to 55 days interest free period
- ANZ Falcon Security
- Simple monthly statement that summarises all fees, charges and payments with transactions conveniently sorted by cardholder.
- Unauthorised Transaction Insurance protects your business against unauthorised card use for up to $37,500 per cardholder and$200,000 per claims in any consecutive twelve month period of cover.1
- Transit Accident Insurance covers eligible cardholders and their spouses and dependant children with the cardholder for certain injuries and loss of life sustained on a trip, the full cost of which was purchased with the cardholder’s card.1
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
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Permanent Australian resident or non-permanent resident with more than 9 months remaining on your Visa
You have your personal details ready to complete the online application
Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.
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