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The below documents make up the Low Rate Mastercard terms and conditions.
Low Rate Mastercard®
The Low Rate Business Mastercard is designed for small businesses that are starting out and looking to grow. It has our low ongoing rate, which helps if you’re paying your balance off over time.
Benefits
Our low ongoing purchase rate
Makes it well suited if you're not sure if you'll pay off your balance in full each month.
Up to 55 days interest free on purchases
Enjoy no interest on purchases for up to 55 days. 1 You qualify for interest free days on purchases if you pay the closing balance owing (excluding any balance transfer amount) on your current statement in full by the due date. Section 20 of our Business Mastercard Terms and Conditions (PDF) further outlines how this interest free period is calculated. Close
Cardholder management
Add up to three additional cardholders under one monthly account. The primary cardholder is personally liable for all transactions.
Card personalisation
Personalise your cards with your business name at no extra cost.
Find out how a business credit card could help you manage your business day to day
Bankwest Business Credit Cards
A business credit card can help you manage your cash flow, separate your business and personal purchases, and may help you manage employee expenses.
Rates and fees
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| Rates | |
|---|---|
| Rate type | Rate |
| Ongoing rate (balance transfers, cash advances and purchases) | 11.99% p.a. |
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| Fees | |
|---|---|
| Fee type | Amount |
| Annual fee | $99 |
| Foreign transaction fee ? | 2.95% of transaction amount |
| Cash advance fee |
2% of transaction amount or $4 (whichever is greater) |
| Overlimit administration fee ? Payable for each statement period that you exceed your credit limit. Close | $10 per statement period |
| Late payment administration fee ? When the minimum payment is not processed by the due date. Close | $35 per statement period |
| Dishonour fee ? Each time there is a dishonoured payment into the account. For example, a dishonoured periodical/scheduled payment or cheque deposit. Close | $10 each time |
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Rates are subject to change. Other fees and charges may apply. A full list of fees will be outlined in your credit card contract.
Apply today
Check your eligibility
- People 18 years or over
- Australian permanent residents
- Don't have an overdue debt with the Australian Taxation Office
- You must meet Bankwest's lending criteria.
This card’s credit limit is between $2,000 and $50,000. For limits over $25,000 call us on 13 7000. Minimum limit applies to new cards only.
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Things you need for your application
- If you're new to Bankwest, we will need to perform an ID check
- Financial information, including your income, expenses and assets
- Additional cardholder's names and email addresses.
How can we help?
Speak with someone from the team today
Business Banking Specialists
Here’s how to get in touch
Things you should know
1. You qualify for interest free days on purchases if you pay the closing balance owing (excluding any balance transfer amount) on your current statement in full by the due date. Section 20 of our Business Mastercard Terms and Conditions (PDF) further outlines how this interest free period is calculated.
The primary cardholder takes personal liability for all transactions on the account (including those transactions made by any of the additional cardholders).
Mastercard and the Mastercard brand mark are registered trademarks, and the circles design, Tap & go and smart data are trademarks of Mastercard International Incorporated.