Bank Australia Commerical Visa Credit Card review | Finder

Bank Australia Commercial Visa credit card

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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.

16.99% p.a.

Purchase rate

$59 p.a.

Annual fee

45 days

Interest free period

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Details

Product NameBank Australia Commercial Visa Credit Card
Purchase rate16.99% p.a.
Annual fee$59
Interest-free periodUp to 45 days on purchases
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo

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 pointsN/A
Annual fee$59
Minimum monthly repayment2.5% of the closing balance or $20, whichever is greater
Foreign currency conversion fee3%
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

Expert review

Amy Bradney-George

Review by


Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Bank Australia Commercial Visa credit card gives you a way to set up a master credit limit for your company, which can help make it easier to manage staff spending without applying for new accounts. Unlike some other business credit cards, it does not charge annual fees for additional cardholders, making the $59 annual account fee competitive with other options.

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.


Card benefits

  • Cards for employees. This card offers free additional cards for your employees, which means you can keep track of all spending in one place. This can help you save time on tasks such as expense management and financial reporting.
  • Interest-free days on purchases. If you pay the account's closing balance in full by the due date on each statement, you'll get up to 45 days interest-free on purchases.

Rates & fees

  • Annual fee. The $59 annual fee on this card is competitive with other business accounts.
  • Interest rate. This card has a variable interest rate of 16.99% p.a.

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