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Bendigo Bank Business Credit Mastercard

2 reviews

Purchase rate

13.99% p.a.

Balance transfer

N/A

Annual fee

$48 p.a.
48% Complete (success)

Pros

Low 13.99% p.a. interest rate

Monthly $4 fee

Cons

No rewards program

Bendigo Bank Business Credit Mastercard

The Bendigo Bank Business Credit Mastercard is a credit card with a low 13.99% p.a. interest on purchases, monthly $4 account fee per card. Get up to 44 days interest free.

Key features

  • 13.99% p.a. on purchases and cash advances
  • $4 monthly fee per card
  • Up to 44 days interest free on purchases
  • Up to 99 additional card holders
100% of customers who have rated this card would recommend it
  • Rates
    94%
  • Fees
    72%
  • Rewards
    N/A
  • Customer Service
    85%
  • Value
    38%
Overall user rating 83%
2 reviews
Interest Rates
Purchase rate 13.99% p.a.
Cash advance rate 13.99% p.a.
Interest free on purchases up to 44 days
Balance Transfer
Credit limits
Minimum credit limit $500
Maximum credit limit N/A
Fees & repayments
Annual fee $48 p.a.
Additional cardholder fee $4 per card
Cash advance fee 0.5%
Foreign transaction fee 3%
Minimum repayment 3%
Late payment fee $15
Credit card type Mastercard
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Personalise cards with your business name
Choose the liability option for credit card debt

The Bendigo Bank Business Credit Mastercard

As a low rate business credit card, the Bendigo Bank Business Credit Mastercard not only provides business owners with access to credit at a low rate of interest, it also provides a range of features most businesses would find useful.

This is a business credit card that provides increased financial control, allowing business owners to assign individual credit limits, with itemised addendums for every cardholder. The card also allows for a flexible billing structure and flexible liability arrangements, as well as card personalisation, and compatibility with accounting software such as MYOB.

What we love...

One of the things we love most about this card is the increased financial control it provides business owners. With this card, business owners can set individual spending limits for each cardholder, with optional ATM access for nominated cardholders.

There is a single monthly statement for the account, including an itemised addendum for each individual cardholder. A flexible billing structure is also on offer, providing the business owner with a choice of who pays, when and how much. On top of that, businesses can pay suppliers online using Bendigo e-banking, and upload transactions to accounting software such as MYOB.

Liability arrangements are also flexible, allowing the business owner to choose between company liability, individual liability or joint and several liability. Company liability is best for company structures, where the business accepts liability for all transactions, while individual liability is better suited to sole traders, and joint and several liability works best for partnerships.

Another great feature of the Bendigo Bank Business Credit Mastercard is its personalisation options. Letting business owners promote their business every time a cardholder uses their card, this feature allows each card to be personalised with the business logo or another image related to the business, carrying the business name embossed on the card.

What’s not so great...

There’s not much not to love about this card. It has a relatively low monthly fee and annual fee, it has a low rate of interest, and it has some seriously handy features. It doesn’t provide some of the more extravagant extras that some business credit cards offer, such as rewards programs and platinum perks, but as long as you’re not expecting those, there’s not much to complain about.

Why should you choose this card?

Choosing this card provides business owners with all the great features mentioned above, plus, it also offers a relatively low rate of interest, with up to 44 days interest free on purchases. Account holders will pay an affordable annual fee, plus a nominal $4 per card for each cardholder.

For that, they can benefit from global acceptance through Mastercard, and all the associated features that come as standard from Mastercard, such as Tap & Go with Mastercard PayPass and access to worldwide emergency services through Mastercard Global Service.

As a financial provider, Bendigo Bank also provides added card security using the free Bendigo Bank Protect+Pay app, which allows cardholders to temporarily block their card if they misplace it, block specific types of transactions, update their PIN, check their balance, report a lost or stolen card, or cancel the card from their mobile.

Overall Rating

An excellent business credit card with a low interest rate and low annual fee, providing a range of useful business-related features and card security options.

Showing one question (showing the latest 10 Q&As)

Neil McDonald

Neil McDonald

1 August 2018
I am wanting a business credit card is this possible from you, to a limit of $6000
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 August 2018
    Hi Neil, it is possible to get a 6k limit on the Bendigo Bank Business credit card. Your credit limit would be assigned at the time of application based on details you provide. If you are looking for an intro 0% offer check out the NAB Low Rate Business credit card.
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Australian permanent residents
  • You have your personal details ready to complete the online application
Bendigo Bank Business Credit Mastercard
Bendigo Bank Business Credit Mastercard

Bendigo Bank Business Credit Mastercard

Updated 18 June 2019

Purchase Rate (p.a)

13.99%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$48

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Low 13.99% p.a. interest rate
  • Monthly $4 fee

  • No rewards program

Creditcard.com.au review

Editor Review

The Bendigo Bank Business Credit Mastercard

As a low rate business credit card, the Bendigo Bank Business Credit Mastercard not only provides business owners with access to credit at a low rate of interest, it also provides a range of features most businesses would find useful.

This is a business credit card that provides increased financial control, allowing business owners to assign individual credit limits, with itemised addendums for every cardholder. The card also allows for a flexible billing structure and flexible liability arrangements, as well as card personalisation, and compatibility with accounting software such as MYOB.

What we love...

One of the things we love most about this card is the increased financial control it provides business owners. With this card, business owners can set individual spending limits for each cardholder, with optional ATM access for nominated cardholders.

There is a single monthly statement for the account, including an itemised addendum for each individual cardholder. A flexible billing structure is also on offer, providing the business owner with a choice of who pays, when and how much. On top of that, businesses can pay suppliers online using Bendigo e-banking, and upload transactions to accounting software such as MYOB.

Liability arrangements are also flexible, allowing the business owner to choose between company liability, individual liability or joint and several liability. Company liability is best for company structures, where the business accepts liability for all transactions, while individual liability is better suited to sole traders, and joint and several liability works best for partnerships.

Another great feature of the Bendigo Bank Business Credit Mastercard is its personalisation options. Letting business owners promote their business every time a cardholder uses their card, this feature allows each card to be personalised with the business logo or another image related to the business, carrying the business name embossed on the card.

What’s not so great...

There’s not much not to love about this card. It has a relatively low monthly fee and annual fee, it has a low rate of interest, and it has some seriously handy features. It doesn’t provide some of the more extravagant extras that some business credit cards offer, such as rewards programs and platinum perks, but as long as you’re not expecting those, there’s not much to complain about.

Why should you choose this card?

Choosing this card provides business owners with all the great features mentioned above, plus, it also offers a relatively low rate of interest, with up to 44 days interest free on purchases. Account holders will pay an affordable annual fee, plus a nominal $4 per card for each cardholder.

For that, they can benefit from global acceptance through Mastercard, and all the associated features that come as standard from Mastercard, such as Tap & Go with Mastercard PayPass and access to worldwide emergency services through Mastercard Global Service.

As a financial provider, Bendigo Bank also provides added card security using the free Bendigo Bank Protect+Pay app, which allows cardholders to temporarily block their card if they misplace it, block specific types of transactions, update their PIN, check their balance, report a lost or stolen card, or cancel the card from their mobile.

Overall Rating

An excellent business credit card with a low interest rate and low annual fee, providing a range of useful business-related features and card security options.

User reviews

Bendigo Bank Business Credit Mastercard ( based on 2 Creditcard.com.au user reviews )

83% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 13.99% p.a.

Cash advance rate 13.99% p.a.

Interest free on purchases up to 44 days

Credit limits

Minimum credit limt $500

Maximum credit limit N/A

Fees & repayments

Annual fee $48 p.a.

Additional card holder fee $4 per card

Foreign transaction fee 3%

Minimum repayment 3%

Cash advance fee 0.5%

Late payment fee $15

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Personalise cards with your business name

Choose the liability option for credit card debt

Overview

Bendigo Bank Business Credit Mastercard

The Bendigo Bank Business Credit Mastercard is a credit card with a low 13.99% p.a. interest on purchases, monthly $4 account fee per card. Get up to 44 days interest free.

Key features

  • 13.99% p.a. on purchases and cash advances
  • $4 monthly fee per card
  • Up to 44 days interest free on purchases
  • Up to 99 additional card holders

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

  • 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.

Showing one question (showing the latest 10 Q&As)

Neil McDonald

Neil McDonald

1 August 2018
I am wanting a business credit card is this possible from you, to a limit of $6000
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 August 2018
    Hi Neil, it is possible to get a 6k limit on the Bendigo Bank Business credit card. Your credit limit would be assigned at the time of application based on details you provide. If you are looking for an intro 0% offer check out the NAB Low Rate Business credit card.

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