Bendigo Bank Business Credit Mastercard – Details

Get better control over financial management, promote your business by personalising your credit card and get a low interest rate on purchases.

Bendigo Bank’s Business Credit Mastercard offers a 13.99% p.a. interest rate on purchases, and it comes with both the business name and the individual name embossed on the card.

You can get multiple cards linked to a primary account and you have the ability to allocate different limits to each card. You also get multiple liability options from which to choose.

Product NameBendigo Bank Business Credit Mastercard
Purchase rate (p.a.)13.99% p.a.
Annual fee$48 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 44 days on purchases
Cash advance rate (p.a.)13.99% p.a.
Card TypeMastercard
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$48 p.a.
Minimum Monthly Repayment3% or $10, whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value

Benefits of Bendigo Bank Business Credit Mastercard

  • Low purchase rate. If you don’t plan to pay the account’s balance in full each month, you can benefit from this card’s low variable rate of 13.99% p.a.
  • Increased financial control. In addition to being able to assign individual credit limits, you have the ability to grant ATM access to particular cardholders. You get consolidated statements that detail all transactions, and you also get itemised addendums for every cardholder. Uploading transactional details to accounting software like MYOB is also easy.
  • Flexible liability arrangements. Business with company structures can opt for company liability, where Bendigo Bank assesses the business for the credit facility, and the business accepts liability for all transactions. Individual liability is for employees of businesses and sole traders, where Bendigo Bank assesses the individuals in question and they accept liability for all transactions they make using their individual cards. Joint and several liability comes into play with partnerships, where all partners have to accept joint and several liability for all transactions.
  • Personalise your card. This service gives you the ability to promote your card every time a cardholder uses it, and apart from the embossed name of your business, you can get your card to carry your business logo or any other image that represents it best.
  • Card Security. You can download the free Bendigo Bank Protect+Pay app, which allows you to temporarily block your card if you’ve misplaced it, block specific types of transactions, update your PIN, check your balance, report a lost or stolen card, or cancel the card from your mobile.

Features of the Bendigo Bank Business Credit Mastercard

  • Monthly fee. You have to pay a nominal monthly fee of $4 for each card.
  • Global access to funds. Owing to the Mastercard affiliation, cardholders can use their cards just about anywhere in the world, at EFTPOS terminals and at ATMs. They can also use their cards for online and phone transactions.
  • Mastercard Global Service. Cardholders can access emergency services the world over using the Mastercard Global Service.
  • Mastercard PayPass. The Business Credit Mastercard makes use of PayPass technology, and this allows cardholders to make contactless purchases of under $100 at any merchant that displays the PayPass sign.

How to apply for the Bendigo Bank Business Credit Mastercard

You can apply for the Bendigo Bank Business Credit Mastercard by visiting any Bendigo Bank branch, or you can initiate the process over the phone. Bear in mind you have to meet certain eligibility criteria, which are as follows:

Eligibility criteria

  • The registration of your business is in Australia
  • Applicants meet required credit criteria according to the chosen type of liability arrangement

Required documents

  • Registration details of your business
  • Name, phone number and address of your business
  • Your business' financial details

The Business Credit Mastercard gives you an easy way of monitoring and regulating business expenses, but given that other business credit cards offer similar features, it’s best that you compare a few before applying.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

4 Responses

  1. Default Gravatar
    DeanAugust 28, 2017

    Can i get a credit card

    • finder Customer Care
      HaroldAugust 28, 2017Staff

      Hi Dean,

      Thank you for your inquiry.

      You can apply for this card as long as you can meet the following criteria.

      Eligibility criteria:
      – The registration of your business is in Australia
      – Applicants meet required credit criteria according to the chosen type of liability arrangement

      Additionally, you can check your options here.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    peterMarch 10, 2016

    does this card link to any frequent flyer programs

    • finder Customer Care
      DebbieMarch 10, 2016Staff

      Hi Peter,

      Thanks for your inquiry.

      Unfortunately, there is no rewards program attached to Bendigo Bank Just Business MasterCard.

      For other options, you may check our comparison page for frequent flyer credit cards.

      I hope this helps.

      Cheers,
      Debbie

Credit Cards Comparison

Rates last updated December 19th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Suncorp Clear Options Platinum Credit Card - Online Offer
20.74% p.a.
0% p.a. for 18 months
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% balance transfer offer and earn up to 60,000 Bonus Rewards Points. Plus, a discounted first year annual fee when you apply online.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
NAB Low Fee Platinum Card
19.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$90 p.a.
Offers 7 complimentary insurance covers, a 0% p.a. for 24 month balance transfer and access to a 24/7 concierge service for a $90 p.a. annual fee.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
Go to site