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Bankwest Corporate Mastercard

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Get unlimited cards for employees, up to 50 days interest-free on purchases and access to Mastercard Smart Data management tools.

The Bankwest Corporate Mastercard gives you a centralised account to manage your business spending, as well as the option of custom features for additional cardholders.

17.99% p.a.

Balance transfer rate

17.99% p.a.

Purchase rate

1

Reward point

Per $ spent

$138 p.a.

Annual fee

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Details

Product NameBankwest Corporate Mastercard
Rewards programBankwest Business Rewards
Balance transfer rate17.99% p.a.
Balance transfer revert rateCash Advance Rate (17.99% p.a.)
Balance transfer limit95% of available limit
Purchase rate17.99% p.a.
Annual fee$138
Interest-free period50 days
Cash advance rate17.99% p.a.
Min credit limit$5,000
Card typeMastercard
Foreign currency conversion fee2.95%
Available to temporary residentsNo
Joint applicationNo

Cons

  • This card only offers 50 days interest free, which is relatively a shorter period compared to the 55 days that most cards offer.
Rewards programBankwest Business Rewards
Rewards points per $ spent1
Annual fee$138
Minimum monthly repayment2% of the closing balance or $20, whichever is greater
Late payment fee$35
Foreign currency conversion fee2.95%
Cash advance fee2% or $4, whichever is greater
Overseas cash advance fee2% or $4, whichever is greater
Number of additional cardholders9,999

Expert review

Amy Bradney-George

Review by


Amy Bradney-George is the acting editor for credit cards and has more than 13 years’ experience writing about personal finance. She has bylines in publications including The Sydney Morning Herald, ABC News and The Equity Magazine. A passionate writer, she’s also acting editor for Finder X and senior writer for Finder Green. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not writing she spends her time as an actress.

Expert review

The Bankwest Corporate Mastercard is a business credit card account that offers customisable features for business owners, companies, partnerships, trusts and other associations. Chief among these is an unlimited number of cards, so you have the option of adding both existing and new employees as your business grows. You can also choose whether you want to earn points through the Bankwest Business Rewards program. This attracts an annual fee of $39 p.a. per card, but allows you to collect points that can be redeemed for gift cards, merchandise and other rewards.

This account also gives you access to Mastercard Smart Data – an online business management service that offers customisable reports to help you analyse and keep track of spending across different departments. A key benefit of Mastercard Smart Data is that it offers integration with your existing accounting software, so it could save you time on manual exports, imports and reporting.

How to apply

You can start your application for a Bankwest Corporate Mastercard by filling out an online application form. A member of Bankwest's Business Sales Team will then contact you to complete the application process. To get started, make sure you meet the eligibility requirements and have access to documents and details that may be required as part of the application.

Eligibility criteria

  • Business structure. This card is available to sole proprietors, companies, trusts, partnerships, clubs and other associations.
  • Age. You and any other business partners applying for this facility must be at least 18 years old.

Card benefits

  • Unlimited cards. Keep track of business spending and streamline expense management by getting additional cards for employees.
  • Mastercard Smart Data. This suite of online tools offers customisable reports to track and analyse spending to help speed up accounting processes. For example, you could use it to group cardholders by department, split transactions based on expense categories and even integrate the data with your existing accounting software.

Rates & fees

  • Annual fee. The Bankwest Corporate Mastercard charges a total annual fee of $138 p.a., of which $99 is a facility fee and $39 is the card fee. The card fee is waived when you spend at least $10,000 per year.
  • Interest rate. This facility has an ongoing interest rate of 17.99% p.a. that applies to all transactions.

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