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Green Company
Bank Australia Commercial Visa credit card
Keep track of business spending with additional cards for employees, plus up to 45 days interest-free on purchases.
The Bank Australia Commercial Visa has a $59 annual fee and free additional cards for employees. It also has a 16.99% p.a. variable interest rate and offers up to 45 days interest-free on purchases when you pay the closing balance in full by the due date on each statement.
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16.99% p.a.
Purchase rate
$59 p.a.
Annual fee
45 days
Interest free period
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Details
| Product Name | Bank Australia Commercial Visa Credit Card |
|---|---|
| Purchase rate p.a. | 16.99% |
| Annual fee | $59 |
| Interest-free period | Up to 45 days on purchases |
| Min credit limit | $1,000 |
| Card type | Visa |
| Foreign currency conversion fee | 3% |
| Available to temporary residents | No |
|---|---|
| Joint application | No |
Pros
- Take advantage of a low variable interest rate of 16.99% p.a. on purchases and cash advances.
- Complimentary travel insurance
- Receive an access to Apple Pay, Google Pay, and Samsung Pay.
Cons
- There is an interest-free period of only up to 45 days on purchases as compared to other cards that offer up to 55 days interest-free.
- There is no incentive for spending with this card as it has no rewards program.
| Bonus points | N/A |
|---|
| Annual fee | $59 |
|---|---|
| Minimum monthly repayment | 2.5% of the closing balance or $20, whichever is greater |
| Foreign currency conversion fee | 3% |
| Cash advance fee | $3.50 |
| Overseas cash advance fee | $3.50 + foreign currency conversion fee |
| Overseas ATM withdrawal fee | $3.50 |
| Additional cardholder fee | $0 |
Review by
Amy Bradney-George
amy.bradney-george@finder.comAmy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.
Expert review
How to apply
If you want to open a Bank Australia Commercial Visa credit card account, you can start the application process by calling Bank Australia on 132 888, visiting a branch or sending an email via the bank's website.A Bank Australia representative will then take you through the eligibility requirements and details you'll need to provide, as they do vary depending on your business entity and circumstances. Want to know what to expect? You can check out Finder's guide to business credit cards for details of what you'll typically be asked for when you apply.
