Bank of Melbourne BusinessVantage Visa Credit Card

New cardholders can manage business spending with a low purchase rate of 9.99% and additional cards for employees.

The Bank of Melbourne BusinessVantage Visa is a low rate credit card that offers up to 10 cards linked to the one account and complimentary unauthorised transaction insurance.

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9.99% p.a.

Purchase rate

$55 p.a.

Annual fee

55 days

Interest free period

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Product NameBank of Melbourne BusinessVantage Visa
Purchase rate p.a.9.99%
Annual fee$55
Interest-free periodUp to 55 days on purchases
Cash advance rate17.15% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • Charges a competitive 9.99% p.a. purchase rate
  • Up to 9 additional credit cards for your employees
  • Complimentary insurance against unauthorised transactions


  • Charges a 3% foreign transaction fee
Bonus pointsN/A
Annual fee$55
Late payment fee$0
Foreign currency conversion fee3%
Cash advance fee3%
Additional cardholder fee$55
Number of additional cardholders9

Review by

Amy 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

The Bank of Melbourne BusinessVantage credit card combines a competitive 9.99% p.a. purchase rate with practical features for smaller businesses. Chief among these is up to 9 additional cards for employees, which can help simplify expense reporting and manage business spending through a central account.

The account also offers detailed statements and optional summaries by department or division – features which could be useful for expense reports and financial management across your business. Another key detail of this card is that it offers joint and several liability for the account. This means you can share responsibility between co-owners or partners in the business, rather than holding just one person responsible (as you would with a personal liability business credit card).

How to apply

You can apply for the Bank of Melbourne BusinessVantage Visa credit card by calling 13 82 66 or visiting a branch. Get started now by going through the following eligibility criteria and making sure you have the relevant documents and details for the application form.

Eligibility criteria

  • Business details. You must have a business registered in Australia and must intend to use the card mainly for business spending.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • Competitive purchase rate. Manage your cash flow with a low variable rate of 9.99% p.a. for purchases (new cards only).
  • Up to 55 days interest-free. Get interest-free days on purchases when you pay the full closing balance on your statement by the due date.

Rates & fees

  • Annual fee. There is an annual fee of $55 p.a. per card for the Bank of Melbourne BusinessVantage account.
  • Cash advance rate. This card has a standard variable interest rate of 17.15% p.a. for cash advance transactions. Note that cash advances are ineligible for interest-free days.

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