a low rate card designed for small businesses to better manage expenses and as an alternative source of working capital
Bankwest's Business MasterCard Low Rate is a small business credit card similar to a personal credit card: a primary cardholder (an individual card) is responsible for all transactions, and up to three additional cardholders can be added. The facility is an unsecured one.
Bankwest has been recognised by Canstar Business Awards 2012 with a 5-star rating for outstanding value.
The ability to touch your credit card to any eligible terminal and securely pay for your purchases under $100. No PIN, no pens – touch and go. You can't accidentally pay for a purchase twice. In addition, secure chip technology means your card is safer than ever.
The liability for all transactions rests with the primary cardholder, no matter on which card the transaction occurred.
Minimum amount: $5,000
Maximum amount: $50,000
In the first 6 months of the account opening, an introductory rate of 7.99% is offered on all purchases.
In the first 6 months of the account opening, a balance transfer rate of 7.99% is offered.
A maximum of 3 additional cardholders is permitted.
Bankwest cheque and savings accounts can be accessed by the credit card through ATMs and EFTPOS.
Only balances from Australian, non-Bankwest credit or store cards will be transferred (balances from other Bankwest cards are not accepted).
Balance transfer requests will only be processed up to 95% of the approved credit limit.
$1,500 per day per card.
Monthly statements include a primary cardholder statement, plus individual transactions listings for each additional cardholder.
Your business' name can be prominently displayed on the card/s at no additional cost.
Minimum requirement of 2% or $20, whichever is greater.
To avoid interest charges the statement closing balance should be paid by the due date.