Low Rate Mastercard®

The Low Rate Business Mastercard has our low ongoing rate, which helps if you're paying your balance off over time.

Purchase rate offer

0% p.a. for 13 months on purchases with our Low Rate Mastercard

Plus, you can transfer any existing balances from your non-Bankwest credit cards and pay 0% p.a. interest for 13 months on the balance transferred. 1

New customers only. 2% Balance Transfer Fee applies.

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. 2 Interest free days on purchases apply when the total amount owing on your current statement (including any balance transfer amount) is paid in full by the due date, and you have also paid off your previous month’s balance in full by its 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, and consolidate each cardholder's spend into one account and one payment.

Card personalisation

Personalise your cards with your business name at no extra cost.

Is it right for you?

Low Rate Mastercard has a credit limit between $2,000 and $50,000 (for limits over $25,000 please call 13 7000). Minimum limit applies to new cards only.

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

Rates
Rate type Rate
Introductory purchase rate (for the first 13 months) 1 0% p.a.
Introductory balance transfer rate (for the first 13 months) 1 0% p.a. (2% balance transfer fee applies)
Ongoing rate (balance transfers, cash advances and purchases) 11.99% p.a.
More
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 $30 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
More

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.
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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.

Need help choosing a credit card?

Speak with one of our Business Banking Specialists today.

Things you should know

1. Promotional introductory purchase and balance transfer rate on the Low Rate Business Mastercard:

  • Available to new Low Rate Business Mastercard customers who apply from 4 April 2018 until the promotion ends, and be approved
  • A 2% Balance Transfer fee is payable on all transactions to which that balance transfer rate applies
  • Excludes product transfers from existing Bankwest credit cards
  • Introductory rate excludes cash advances
  • Applies from the date the card is opened, regardless of when any balance transfer or purchase is processed by us
  • After the intro period, the interest rate on any outstanding transferred balance or purchase will be charged at the ongoing rate for purchases and balance transfers as outlined in your financial table
  • Minimum balance transfer amount is $500
  • A balance transfer request will only be processed up to 95% of your approved credit limit
  • Only non-Bankwest-branded credit cards can be balance transferred to Bankwest Mastercard credit cards.

View balance transfer terms and conditions.

2. Interest free days on purchases apply when the total amount owing on your current statement (including any balance transfer amount) is paid in full by the due date, and you have also paid off your previous month’s balance in full by its 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.

Mastercard and the Mastercard brand mark are registered trademarks, and the circles design, Tap & go and smart data are trademarks of Mastercard International Incorporated.