- 14.25% p.a. on purchases
- Annual fee of $75 per card
- Complimentary insurance for unauthorised transactions, transit accidents and flight inconvenience
While some business credit cards are chock-full of fancy extras and complicated rewards programs, others business offerings prefer to keep it simple, offering just what’s needed, in an everyday kind of way. Much like the Westpac BusinessChoice Everyday Credit Card, for example.
Helping business owners save money with a lower annual fee and lower rates of interest on cash advances and purchases, this card provides only what’s needed. Cardholders can benefit from easier cashflow with access to credit, plus some essential features. Easy as that!
Designed to be easier on the pocket than gold or platinum business cards, the Westpac BusinessChoice Everyday Credit Card is a simple card with very few frills. In terms of money-saving, this card offers a two-pronged point of attack.
First up, the card has a relatively low annual fee, charging $75 per year for each card on the account. However, further savings can be made. Each card with a spend of more than $15,000 within the year will have its annual fee waived in the subsequent year.
The second way this card can help keep costs low is with its relatively low rate of interest on cash advances and purchases. Businesses that tend to hold a balance month-to-month could save on interest with this low rate option, however, clearing the balance is recommended whenever possible.
To be honest, there’s not much to complain about with this card. While it’s best to check the small print before applying, this card is pretty forthcoming on what it does and doesn’t offer.
As a low cost card, it obviously doesn’t offer the headlining features that more expensive cards do. There are no flashy extras or rewards programs, but the card does have the potential to save money, while offering handy features that most businesses would find convenient.
Choosing this card will come down to necessity. What do you need from your business credit card and what are you willing to pay for it? To help you make the right decision, let’s go over some of the essentials on how this card works.
Unlike some business cards, the Westpac BusinessChoice Everyday Credit Card does not offer personal liability. Instead liability is shared jointly or severally by the business principals who make the application.
Jointly or severally liable for all amounts outstanding on the account, these applicants can choose which employees will be cardholders, with up to ten cards linked within one account. Card credit limits start from $1,000, with full tracking of each card's activities available.
In terms of features on offer, the card provides complimentary unauthorised transaction insurance, transit accident insurance and flight inconvenience insurance, as well as up to 45 days interest free on purchases, and easy tax reporting and analysis of business transactions related to the card.
A low cost business credit card with a low annual fee, relatively low rates of interest, and a handful of convenient features.
Purchase rate 14.25% p.a.
Cash advance rate 19.96% p.a.
Interest free period on purchases up to 45 days
Minimum credit limt $2,000
Maximum credit limit $100,000
Annual fee $75 p.a.
Additional card holder fee $75 p.a. per card
Foreign transaction fee 3%
Minimum repayment 2%
Cash advance fee 2%
Late payment fee $15
International Travel Insurance No
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Unauthorised transaction insurance
The Westpac BusinessChoice Everyday credit card is a business credit card with a lower interest rate on purchases of 14.25% p.a. and an annual fee of $75 per card. The card comes with a credit limit from $2,000 to $100,000 and you can set individual credit limit on up to 10 cards to keep better track of spending.
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.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
Australian permanent residents and have a valid ABN
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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