- 9.99% p.a. (variable) interest rate on purchases.
- 17.15% p.a. (variable) cash advance rate.
- Up to 55 days interest free on purchases
- Up to 9 additional cardholders
Keeping it simple with a few essential features, the BankSA Business Visa Credit Card helps to keep costs down with a low rate of interest on purchases and cash advances. With a nice range of business tools and extras, this convenient business card could be the one your business needs for day-to-day spending.
What’s not to love about saving money? As a handy little money-saver, the BankSA Business Visa Credit Card has a super low rate of interest on purchases, helping you to keep costs as low as possible if you happen to carry a balance month-to-month.
However, if you do clear your balance at the end of each statement period, you can take advantage of up to 55 days interest free on purchases. This could help you extend your business cashflow, giving you more time to pay off large purchases as well as everyday business spending.
It’s also worth mentioning that the card offers a relatively low rate of interest on cash advances, but as with most credit cards, it’s best to side-step this feature to avoid extra fees and unnecessary interest payments.
But of course, it’s not all about saving money. The BankSA Business Visa Credit Card also offers a number of helpful features that your business could come to rely on. First on that list is the card’s complimentary insurances.
While the card may not provide the full suite of complimentary insurances offered on some (more expensive) credit cards, it does cover the basics, providing insurance against fraudulent use and unauthorised transactions for all cardholders.
When it comes to basic cards, it’s important to weigh up the value of what’s on offer. Look at what features the card provides, and compare that to the amount you pay to keep the card in your wallet.
If it provides good value for money, while accommodating your needs, it’s probably worthwhile keeping it. However, if you want more from your card, such as fancy features or a rewards program, you may have to look elsewhere – and be prepared to stump up a few extra bucks.
In terms of costs on the BankSA Business Visa Credit Card, you can expect to pay an annual fee of $55 per card. While this seems pretty reasonable for one card, it could stretch your wallet if you’re covering the annual fee for ten cards.
If you’re weighing up whether the BankSA Business Visa Credit Card offers the value your business needs, let’s look more closely at the rest of the features we alluded to previously.
First up, you need to know how this card works. Unlike some other business credit cards that provide personal liability for one account holder, the BankSA Business Visa Credit Card has joint and several liability to allow business owners to share the responsibility.
The account holders can then choose if they each want a card on the account, or if they would like to provide trusted team members with a card. Ten cards can be linked to one account in total, each with individual card limits.
Additional handy business tools include easier expense reporting, as the card provides detailed statements that could help to monitor and manage expenses, with optional consolidated summaries by department and division.
A basic business card that could be a real money-saver, providing essential features and convenient business tools.
Purchase rate 9.99% p.a.
Cash advance rate 17.15% p.a.
Interest free period on purchases up to 55 days
Minimum credit limit $1,000
Maximum credit limit N/A
Annual fee $55 p.a.
Additional card holder fee Up to 9 - $55 p.a. each
Foreign transaction fee 3%
Minimum repayment 2% or $10, whichever is greater
Cash advance fee 2% or $2.50, whichever is greater
Late payment fee $15
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Unauthorised transaction insurance
The BankSA Business credit card has a variable purchase rate of 9.99% p.a. and up to 55 days interest-free on purchases. Complimentary insurance against fraudulent use and unauthorised transactions. Low annual fee of $55 per card and up to 9 additional cardholders.
Disclaimer: The interest free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
Australian citizen or a permanent resident. Have a valid ABN and your business must be registered for GST.
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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