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Bankwest Low Rate Business Mastercard
Bankwest Low Rate Business Mastercard

Bankwest Low Rate Business Mastercard

Updated 4 December 2019

Purchase Rate (p.a)

11.99%

Balance Transfer (p.a)

11.99% for months No BT fee. reverts to 11.99% p.a.

Annual Fee (p.a)

$99

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 11.99% p.a. on purchases
  • Up to 55 days interest free on purchases
  • Add up to three additional cardholders

  • Annual fee of $99

Creditcard.com.au review

Editor Review

Bankwest Low Rate Business Mastercard

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Bankwest Low Rate Business Mastercard

Sometimes all you need is the basics. When it comes to business credit cards, flashy features can seem nice enough, but if you don’t need them – and don’t particularly want to pay for them – then there’s not much point choosing a card that offers them.

Offering just the basics, the Bankwest Low Rate Business Mastercard keeps it nice and simple. Cardholders can benefit from a low ongoing purchase rate, plus a handful of extras that are sure to come in handy.

What we love...

If you do clear your balance each statement period, you could take advantage of the card’s offer of up to 55 days interest free on purchases. Helping you to extend your business cashflow, this could allow you to make larger purchases, with longer to pay them off before interest starts accruing.

Another money-saving aspect on the Bankwest Low Rate Business Mastercard is its relatively low annual fee. Allowing you to keep costs down, the annual fee on this card is only $99. While it’s not the lowest annual fee on the market, the card does offer value in its low rate and extras on offer.

What’s not so great...

As a low rate business card, the Bankwest Low Rate Business Mastercard doesn’t give us much to grouse about. It basically does what it says will, offering business owners the opportunity to access credit at a low cost, with a few nice features thrown into the bargain.

If you’re looking for a business card with loads of features and extras, with travel perks and complimentary insurances, or if you want to want to earn rewards on your business spending, then you’re looking in the wrong place.

This card is low cost and low frills, and that’s all there is to it.

Why should you choose this card?

As we’ve mentioned, the main reason to choose this card is for its money-saving abilities and its handy features. With that in mind, let’s find out a bit more about the features on offer.

Providing convenient cardholder management, the Bankwest Low Rate Business Mastercard allows you to add up to three additional cardholders, with each cardholder’s spend consolidated into one account and one payment.

Credit limits on offer range from $2,000 to $50,000, and while it may not be a deal-breaker, you can also choose to personalise your cards with your business name at no extra cost.

Overall Rating

A low cost business card offering just the essentials.

User reviews

Bankwest Low Rate Business Mastercard ( based on 1 Creditcard.com.au user review )

92% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 11.99% p.a.

Cash advance rate 11.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 11.99% p.a.

Balance transfer revert rate 11.99% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit 95% of approved credit limit

Banks you can't balance transfer from Bankwest

Credit limits

Minimum credit limt $2,000

Maximum credit limit $50,000

Fees & repayments

Annual fee $99 p.a.

Additional card holder fee Up to 3 at no extra cost

Foreign transaction fee 2.95%

Minimum repayment 2%

Cash advance fee 2%

Late payment fee $25

Additional features

Complimentary insurance

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

Extras

Personalise your cards with your business name

Overview

Bankwest Low Rate Business Mastercard

The Bankwest Business Low Rate Credit Card has the same rate of 11.99% p.a. on purchases, balance transfers and cash advances. The annual fee is $99 and you can add up to three additional cardholders.

Key features

  • 11.99% p.a. on balance transfers, cash advances and purchases
  • Annual fee of $99
  • Up to 55 days interest free on purchases
  • Add up to three additional cardholders

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Australian permanent residents. No overdue debt with the ATO

  • You have your personal details ready to complete the online application

Roland B Bleyer

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.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

3 questions (showing the latest 10 Q&As)

Estrella Lorraine

Estrella Lorraine

13 May 2019
Can i get a new key card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 May 2019
    Hi Estrella, go in branch or reach out to Bankwest customer service on 13 17 19.
peter veugelers

peter veugelers

22 February 2019
i do not have anaccountant,can i still qualify
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 February 2019
    Hi Peter, if you can provide proof of income such as previous tax returns / NOA from the ATO. Then this should be enough. In end you just need to be able to prove income. Bank statements may also be requested with other information to support your application.
Rosemary Yan

Rosemary Yan

8 August 2018
what is the best frequent flyer credit card option that you offer? we need 2 card holders and approx $6000 credit availability
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 August 2018
    Hi Rosemary, from Bankwest, are you looking for a business or personal card? For business, if you are looking for Qantas frequent flyers. You will need to look outside of Bankwest. On a rewards side for business with Bankwest have a look at the Bankwest Business Large rewards credit card. Outside of Bankwest have a look at this NAB offer. The NAB Qantas Business Signature credit card has a huge 100,000 Bonus Qantas points on offer and earns Qantas points. Let me know if you are looking outside of business cards and I can provide some other suggestions.

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