Bankwest is one of Western Australia’s largest banks.
It gives its members free access to more than 4,000 CBA and Bankwest ATMs across the country. The company call centre is based within Perth and you are guaranteed to talk to friendly, helpful staff.
The bank has been around since 1895. These days it offers every type of financial service that you could possibly need. If you are searching for a credit card then this is definitely a good company to look into. One of its most popular types of credit cards is the Bankwest Business MasterCard.
The Benefits of the Bankwest Business MasterCard
When you run a business, it can be essential to have access to funds whenever you need them. Many business owners choose to use their own personal credit cards to help to fund the business. However, this isn’t always the best idea. It makes it much more difficult to track your business expenses if you use the same card as you do for personal purchases.
The Bankwest Business MasterCard is one of the best business cards available. It offers just 7.99% p.a. on all purchases and balance transfers made within 6 months. It is best suited to small to medium sized businesses and it can be used for everyday purchases.
After the first 6 months have passed, the standard purchase rate of 13.25% p.a. will apply. This is still quite a low interest rate. You will also receive 45 days interest free on all purchases that you make. If you pay the balance off in full at the end of the month then you won’t have to pay any interest.
One feature which makes this card unique is the fact that you can personalise it for free. The card will cost you just $39 per year and you can include up to 3 additional cardholders. If you upgrade to $69 per year then you can also benefit from the business rewards program. This gives you reward points on everything that you spend. There are no reward cap points and you can send them on over 2,500 rewards.
Understanding Business Rewards
If you would like to take part in the business rewards then you will earn 1.00 point for every $1 that you spend. Once you have spent more than , you will then start to earn 1.50 points for every $1.
After six months, you will receive a bonus of 6,000 reward points. As well as the $69 annual credit card fee, there will also be a fee of $79 for the reward program. It is also worth noting that if you do upgrade you will receive a different card that will have different fees and interest rates.
Additional Information on the Bankwest Business MasterCard
When you apply for any of Bankwest’s business credit cards, you will be able to increase your spending limit quickly and easily. You can have up to 3 additional card holders on the card account and you can choose to pay your balance using direct debit. It is always worth looking into direct debit repayments as they can take the hassle out of repaying your bill. It will prevent you from forgetting to repay the debt and they are easy to set up.
The Low Rate Business MasterCard offered by the company is mainly designed for businesses that just need an everyday card. It isn’t specifically designed with a reward program in mind. If you are interested in this feature then you will have to pay extra. The Bankwest business MasterCard is definitely one of the best on the market so why not look into applying for one today?