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Hume Bank Business Visa Credit Card
1 review

Hume Bank Business Visa Credit Card

Purchase rate

13.60% p.a.

Balance transfer

N/A

Annual fee

$40 p.a.

Pros

$40 annual fee. The annual fee is waived when previous spend exceeds $24,000 p.a.

Up to 9 cardholders with individual limits

13.60% p.a. on purchases unsecured and an even lower secured rate is available

Cons

Loyalty points value is low - $25,000 annual spend would equate to $50 in cashback

100% of customers who have rated this card would recommend it
  • Rates
    62%
  • Fees
    62%
  • Rewards
    N/A
  • Customer Service
    63%
  • Value
    43%
Overall user rating 46%
1 reviews
Interest Rates
Purchase rate 13.60% p.a.
Cash advance rate 17.95% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Credit limits
Minimum credit limit $5,000
Maximum credit limit N/A
Fees & repayments
Annual fee $40 p.a.
Cash advance fee N/A
Late payment fee $20
Credit card type Visa
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

Hume Bank Business Visa Credit Card

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

The Hume Bank Business Visa Card

Allowing small business owners to manage their cash flow more effectively, the Hume Bank Business Visa Card provides up to 55 days interest free on purchases, waiving the annual fee after a minimum annual spend is met. Accountholders can have up to nine cards on the account, each with individual spend limits, and each earning cashback rewards.

What we love...

Unlike certain other rewards programs that can be difficult to understand, the Hume Bank Business Visa Card keeps things super simple with its system offering cashback rewards. With this card, you will earn 1 Loyalty Point per $1 spent. For every 500 Loyalty Points you earn, you will receive $1 cash back, placed directly into your account to spend as you like.

In terms of value, a $25,000 annual spend would equate to $50 in cashback. While this probably doesn’t make you rub your hands with glee, it doesn’t compare that badly with what’s on offer elsewhere. For example, if you had a Qantas card earning 0.5 points per $1, your $25,000 spend would equate to 12,500 Qantas Points. Spent in the Qantas Store, those points could give you a $50 Bunnings gift voucher (with a few points left over in change).

We’d be the first to say rewards programs such as Qantas tend to offer more back when points are redeemed for flights and upgrades, but if you’re not much of a traveller – or you don’t want to mess about with a rewards program like Qantas – simple cashback may be more appealing.

Aside from its rewards, the Hume Bank Business Visa Card keeps features basic. But, that could be because it’s essentially a low cost card. If you spend at least $24,000 on the card each year, its – very small – annual fee is waived. So, with that $25,000 spend, you earn $50 back while paying out nothing in annual fees.

And interest? Yep, interest is also low on this card. If you secure the card, the purchase rate you get will be one of the lowest in the market, but even unsecured, the rate is still pretty low. However, we will make a point of saying that carrying a balance will quickly negate any cashback rewards you earn, so it’s best to clear the balance each month to take advantage of up to 55 days interest free on purchases.

What’s not so great...

If you want a business card that’s bursting with features, this is probably not the card for you. The Hume Bank Business Visa Card focuses on keeping costs down with a low or waived annual fee and a low purchase rate, with a nice little sideline in cashback rewards. Those who want extras like airport lounge access and hotel upgrades may want to look at the most costly options.

Why should you choose this card?

If you are a small business owner and want to streamline the way you deal with business expenses, the Hume Bank Business Visa Card could be worthwhile looking into. You can have up to nine cards on the account, each with individual spend limits, allowing employees to cover everyday expenses such as lunches, travel costs and office essentials as needed.

As a low cost option, it will not overwhelm you with features, but it does allow you – and each of your cardholders – to earn something back on your business spending.

Overall Rating

The Hume Bank Business Visa Card provides up to nine cards with individual spend limits, a low secured or unsecured purchase rate, a low annual fee that is waived with a minimum annual spend, and the opportunity to earn cashback rewards day-to-day.

(showing the latest 10 Q&As)

Hume Bank Business Visa Credit Card

Key features

  • $40 annual fee. The annual fee is waived when previous spend exceeds $24,000 p.a.
  • Up to 9 cardholders with individual limits
  • 13.60% p.a. on purchases unsecured and an even lower secured rate is available
  • Up to 55 days interest free on purchases
  • Cash redeemable point for every $1 spent
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Permanent Resident or Australian Citizen
  • You have your personal details ready to complete the online application
Hume Bank Business Visa Credit Card
Hume Bank Business Visa Credit Card

Hume Bank Business Visa Credit Card

Updated 18 June 2019

Purchase Rate (p.a)

13.60%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$40

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • $40 annual fee. The annual fee is waived when previous spend exceeds $24,000 p.a.
  • Up to 9 cardholders with individual limits
  • 13.60% p.a. on purchases unsecured and an even lower secured rate is available

  • Loyalty points value is low - $25,000 annual spend would equate to $50 in cashback

Creditcard.com.au review

Editor Review

Hume Bank Business Visa Credit Card

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

The Hume Bank Business Visa Card

Allowing small business owners to manage their cash flow more effectively, the Hume Bank Business Visa Card provides up to 55 days interest free on purchases, waiving the annual fee after a minimum annual spend is met. Accountholders can have up to nine cards on the account, each with individual spend limits, and each earning cashback rewards.

What we love...

Unlike certain other rewards programs that can be difficult to understand, the Hume Bank Business Visa Card keeps things super simple with its system offering cashback rewards. With this card, you will earn 1 Loyalty Point per $1 spent. For every 500 Loyalty Points you earn, you will receive $1 cash back, placed directly into your account to spend as you like.

In terms of value, a $25,000 annual spend would equate to $50 in cashback. While this probably doesn’t make you rub your hands with glee, it doesn’t compare that badly with what’s on offer elsewhere. For example, if you had a Qantas card earning 0.5 points per $1, your $25,000 spend would equate to 12,500 Qantas Points. Spent in the Qantas Store, those points could give you a $50 Bunnings gift voucher (with a few points left over in change).

We’d be the first to say rewards programs such as Qantas tend to offer more back when points are redeemed for flights and upgrades, but if you’re not much of a traveller – or you don’t want to mess about with a rewards program like Qantas – simple cashback may be more appealing.

Aside from its rewards, the Hume Bank Business Visa Card keeps features basic. But, that could be because it’s essentially a low cost card. If you spend at least $24,000 on the card each year, its – very small – annual fee is waived. So, with that $25,000 spend, you earn $50 back while paying out nothing in annual fees.

And interest? Yep, interest is also low on this card. If you secure the card, the purchase rate you get will be one of the lowest in the market, but even unsecured, the rate is still pretty low. However, we will make a point of saying that carrying a balance will quickly negate any cashback rewards you earn, so it’s best to clear the balance each month to take advantage of up to 55 days interest free on purchases.

What’s not so great...

If you want a business card that’s bursting with features, this is probably not the card for you. The Hume Bank Business Visa Card focuses on keeping costs down with a low or waived annual fee and a low purchase rate, with a nice little sideline in cashback rewards. Those who want extras like airport lounge access and hotel upgrades may want to look at the most costly options.

Why should you choose this card?

If you are a small business owner and want to streamline the way you deal with business expenses, the Hume Bank Business Visa Card could be worthwhile looking into. You can have up to nine cards on the account, each with individual spend limits, allowing employees to cover everyday expenses such as lunches, travel costs and office essentials as needed.

As a low cost option, it will not overwhelm you with features, but it does allow you – and each of your cardholders – to earn something back on your business spending.

Overall Rating

The Hume Bank Business Visa Card provides up to nine cards with individual spend limits, a low secured or unsecured purchase rate, a low annual fee that is waived with a minimum annual spend, and the opportunity to earn cashback rewards day-to-day.

User reviews

Hume Bank Business Visa Credit Card ( based on 1 Creditcard.com.au user review )

46% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 13.60% p.a.

Cash advance rate 17.95% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt $5,000

Maximum credit limit N/A

Fees & repayments

Annual fee $40 p.a.

Additional card holder fee N/A

Foreign transaction fee N/A

Minimum repayment

Cash advance fee N/A

Late payment fee $20

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

Overview

Hume Bank Business Visa Credit Card

Key features

  • $40 annual fee. The annual fee is waived when previous spend exceeds $24,000 p.a.
  • Up to 9 cardholders with individual limits
  • 13.60% p.a. on purchases unsecured and an even lower secured rate is available
  • Up to 55 days interest free on purchases
  • Cash redeemable point for every $1 spent

Minimum criteria to apply for this card

  • Be over 18 years old

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

  • Permanent Resident or Australian Citizen

  • 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 the latest 10 Q&As)

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