BankSA Visa Business Credit Card Review

Information verified correct on September 30th, 2016

Enjoy convenience with an unlimited number of cards and simple expense reporting

The BankSA Visa Business Credit Card charges a low interest rate on purchases, and an interest-free period gives you the means to manage your cash flow more effectively.

You can get an unlimited number of cards linked to the primary account and you also get complimentary insurance cover to protect against fraudulent use and unauthorised charges.

Product NameBankSA Visa Business Credit Card
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)9.99% p.a.
Annual fee$55 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.)17.15% 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
Card TypeVisa
Late Payment Fee$9
Complimentary Travel Insurance Cover0 months
Available To Temporary ResidentsNo
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$55 p.a.
Late Payment Fee$9
Over Limit Fee$9
Cash Advance Fee$2.50
Overseas Emergency Replacement$52.50
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders3
BPAYYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

BankSA Visa Business Credit Card review

When you’re looking for a credit card as a business, one that gives you the ability to operate multiple cards through a single account can offer you convenience for your business spending, and this feature is offered with the BankSA Visa Business Credit Card. All cardholders can get up to 55 interest-free days on purchases when they pay their balance back in full each statement period. The option to consolidate expense summaries as per divisions and departments also give you the opportunity to simplify expense reporting.

Benefits of BankSA Visa Business Credit Card

  • Low ongoing purchase rate. The BankSA Visa Business Credit Card charges a low ongoing variable rate on purchases — just 9.99% p.a. This can lead to significant savings, especially if you don’t pay your outstanding balances in full each month.
  • Simpler expense reporting. You get comprehensive statements that help you monitor and manage expenses, and you also have the option of getting consolidated summaries for different departments and divisions.
  • Complimentary insurance. All BankSA Visa Business cardholders get complimentary insurance that protects them from unauthorised transactions as well as fraudulent use of their cards.
  • Visa benefits. 

    Cardholders have 24/7 access to the Visa Emergency Assistance Centre, and they can register for GoBiz to access special offers as well as a variety of business tools and tips. You can get account-related information at any time through online banking and this card is payWave enabled, so cardholders can make contactless purchases when making payments of under $100.

BankSA Visa Business Credit Card features

  • Annual fee. You have to pay a $55 annual fee for each card, for up to nine cards. You can look forward to a waiver of this fee for up to three cards if you qualify for the BankSA BizPack.
  • Interest-free days. If you pay the closing balance in full each month, you can get as many as 55 interest-free days on purchases.
  • Complimentary insurance. This business credit card offers cardholders protection against fraud and unauthorised usage.
  • Additional cards. You can get an unlimited number of cards on the credit facility. Each card’s minimum limit is $1,000.
  • Card security. This is a microchip enabled card, so it offers more protection when compared to cards that still rely on magnetic strips. When you use this card to make online transactions, ‘Verified by Visa’ works as a secondary line of defence.
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How to apply for the BankSA Visa Business Credit Card

If you want to apply for the BankSA Visa Business Credit Card you can visit any BankSA branch, or speak to a BankSA representative over the phone. To apply for this card, you have to meet certain eligibility criteria, which include the following.

  • The registry of your business is in Australia
  • Your business must be trading for a minimum of 1 year & you will need to provide minimum 1 year of tax return documents

The application process requires that you part with a host of information, which includes the following:

  • The name and contact details of your business
  • Your business’ registration details
  • The financial details of your business

Businesses have specific requirements when it comes to credit cards, and the Bank SA Visa Business Credit Card addresses a number of business-specific concerns. Before you consider applying, take some time to compare this credit card with other similar offerings and see if it’s the right fit for your business needs.

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2 Responses to BankSA Visa Business Credit Card Review

  1. Default Gravatar
    verne | April 9, 2015

    Hi ,I am a discharged bankrupt as at November 2013 ,I am pensioner have a part time job in administration in a Real Estate company.
    I have been developing a marketing program for selected Real Estate Agencies and will be releasing this to the market later this year.
    This will be through a new company that I have formed.
    With my pension and part time income I currently have an annual income of $45,000 a year.
    Would I qualify for consideration for a Business Credit Card,I currently do not have any credit cards and loans.

    • Staff
      Jonathan | April 10, 2015

      Hi Verne, thanks for your inquiry!

      The requirements are your business must be trading for a minimum of 1 year & you will need to provide minimum 1 year of tax return documents, with no minimum income requirement. BankSA will assess your application, personal situation and needs to best advise on your options upon application completion.

      Cheers,

      Jonathan

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Rates last updated September 30th, 2016
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