Bankwest Low Rate Business Mastercard

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 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.