ANZ Business One – Interest Free Days – Review & Online Application

Information verified correct on September 30th, 2016

Managing Cash Flow With The ANZ Business One – Interest Free Days

When you run a business keeping a good handle on your cash flow is key to success. An ANZ Business One Visa can help you do this by providing one more way to manage your bills and control spending. Just by using your Visa for certain expenses you automatically qualify for insurance which will help you remain safe in the event of fraudulent use of the card, or even when travelling overseas for work. Running a business is unpredictable, therefore having a card that can be flexible and secure enough to meet the bends along the way may prove to be handy.

Product NameANZ Business One Visa Interest Free Days
Purchase rate (p.a.)17.74% p.a.
Annual fee$150 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)19.24% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Minimum Monthly Repayment2%
Card TypeVisa
Late Payment Fee$35
Foreign Currency Conversion Fee (VISA)2.5% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Annual Fee$150 p.a.
Minimum Repayment2%
Late Payment Fee$35
Over Limit Fee$50
Cash Advance FeeThe greater of $1.50 or 1.50% of the Cash Advance amount plus any ATM Operator Fee
Overseas Cash Advance FeeThe greater of $1.50 or 1.50% of the cash advance amount
Overseas ATM Withdrawal Fee$1.50
Foreign Currency Conversion Fee (VISA)2.5% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$30 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • You can enjoy an interest-free period of 55 days.
  • This card comes with a complimentary travel insurance
  • You can give employees their own cards with a predetermined spending limit to avoid overspending.

Cons

  • You need to pay an annual fee of $150.
  • There is a fee of $30 per additional cards.

ANZ Business One Interest Free Days Review

Benefit from up to 55 days interest-free for purchases, controlled spending and easier management of your statements with the ANZ Business One Visa credit card.

The ANZ Business One is a Visa card that gives you an introductory offer of up to 55 interest-free days on your credit purchases. The Visa card enables you to have greater control over your spending, and you can also apply a limit on your transactions.

ANZ allows you to conveniently access your account online and using phone banking as well. You can monitor your account by checking transaction details and account balance. As a Visa card, the card can be used anywhere in Australia and all over the world.

This credit card can also be used to make purchases online, over the phone and in-store via EFTPOS as well. Cardholders are able to easily manage their accounts by setting limits and monitoring transactions with ANZ phone and internet banking.

An important consideration is the insurance policies that come with this card. You will receive company liability insurance as well as transit accident insurance which covers the cardholder and family.

Benefits of ANZ Business One Interest Free Days

Complimentary insurance policies

  • Company liability insurance. Company liability insurance is offered with this credit card. The insurance policy covers against fraudulent use of your credit card with a cap on $37,500 per card. Optionally, there is an annual limit of $200,000 which is available for the entire card facility. This policy is underwritten by Zurich Australian Insurance.
  • Card holder transit accident insurance. Transit accident insurance provides coverage for the cardholder, his/her spouse and dependent children in the event of an accident occurring while travelling. The insurance policy is only valid if the journey was paid for using this credit card. The policy comes with a claims limit of $250,000 and it is also underwritten by Zurich Australian Insurance. Both insurance policies are subject to certain terms and conditions as stipulated by ANZ and Zurich Australian Insurance.

ANZ Complimentary Credit Card Insurance Guide

Features of the ANZ Business One Interest Free Days

  • Interest-free days. This is one of the most notable features of this credit card. New cardholders have access to an interest-free period of up to 55-days with their purchases. Make sure that you pay off your balance each statement period, or the standard purchase rate of 17.74% p.a. will apply.
  • ANZ credit card security. The ANZ Business One credit card is secured by ANZ Falcon security which provides 24-hour surveillance. All your transactions, whether conducted regionally or internationally, are monitored. This includes phone, online and POS transactions. You can also monitor your credit card by accessing monthly statements.
  • Fees and rates. Cardholders are required to pay an annual fee of $150 and you can also have an additional cardholders for a fee of $30. ANZ offers standard variable rates with this credit. Interest on cash advances is 19.24% p.a. while interest on purchases is offered at a rate of 17.74% p.a.
  • Optional extras. ANZ allows you to customise the appearance of your credit card with Design My Card feature. Businesses who want to have their business logo appear on the card can take advantage of this extra feature. ANZ online statements are also an optional extra available with the credit card.
Back to top

How to apply for the ANZ Business One

Eligibility requirements for the ANZ Business One credit card are as follows:

  • Age limit. The minimum age for this credit card is 18 years of age.
  • Eligible applicants. This card is eligible for business purposes and as such only sole traders, partnerships, companies, trusts, association or co-operatives can apply.

You will need to have the following information ready for your application.

  • Business details. You will be required to provide details of your business number, trading address, type of business whether sole trader or partnership etc, mailing address and the registered business name. You will also provide details of the business accounts whether or not provided by ANZ.
  • Personal details. Personal details of directors/proprietor/partner will need to be included as well as the personal details of each cardholder. These include: their full names, contact details, date of birth etc.

Apply for the ANZ Business One Visa credit card to benefit from interest-free days on purchases for up to 55 days, complimentary insurance policies and much more. The credit card is available at an annual fee of $150.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

6 Responses to ANZ Business One – Interest Free Days – Review & Online Application

  1. Default Gravatar
    Annie | January 24, 2015

    Can I withdrawn from an ATM from my business one credit card? If I can what is the daily limit?

    • Default Gravatar
      PEMNI | October 8, 2015

      Hi

      If I pay off my monthly accounts payable statements with this card, Is this considered a cash advance?
      Is this included in the interest free days?
      Do I earn reward points?

      If so, is there a card which allows me to do this, which is not Amex? and earns me FF points.

      Thanks
      Pemni

    • Staff
      Jonathan | October 13, 2015

      Hi Pemni, thanks for your inquiry!

      Monthly accounts payable statements are generally considered cash advances but is dependent on the merchant/ company you are transacting with. If they are considered purchases then they can be included in interest-free days. This account does not come with reward points earnings. You can compare frequent flyer cards on this page.

      Cheers,

      Jonathan

    • Staff
      Jonathan | January 27, 2015

      Hi Annie,

      Thanks for your inquiry,

      Withdrawals from a ANZ Business One card are possible as it is a VISA card. The daily limit on withdrawals sums of money up to a limit of AUD $1000 – and more if you make special arrangements with ANZ.

      I hope this has helped.

      Cheers,

      Jonathan

  2. Default Gravatar
    PHILLIP | November 24, 2014

    WHY AM I CHANGE INTERST ON PURCHASES

    • Staff
      Elizabeth | November 25, 2014

      Hi Phillip,

      Thanks for your question.

      You’re charged interest on purchases because that is the way this card, and most credit cards work. You can take advantage of up to 55 days interest-free on purchases when you pay your balance back in full each month to help save on interest charges.

      I hope this has helped.

      Thanks,

      Elizabeth

Credit Cards Comparison

Rates last updated September 30th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback