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.

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.

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. $10 per statement period
Late payment administration fee ? When the minimum payment is not processed by the due date. $35 per statement period
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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.

The below documents make up the Low Rate Mastercard terms and conditions.

How it could help with your day-to-day business

  • Separate personal and business expenses
  • Consolidate each cardholders spend into one account and one monthly payment
  • Each card is issued with a separate card number. This means you can identify transactions by cardholder. It also means that if a card is lost, only the affected card needs to be replaced
  • Bankwest Business Mastercard is accepted at millions of merchants worldwide.

  • Available to individuals 18 years or older that operate as a sole proprietor or director of a small business
  • You must meet Bankwest's lending criteria.

Contact us

Business Specialists Team

Speak with someone from the team today

 Business Banking Specialists

Here’s how to get in touch

  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 circles design are registered trademarks, and tap & go and smart data are trademarks, of Mastercard International Incorporated.