Bendigo Bank Business Credit Mastercard – Details

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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 on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
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
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

Bendigo Bank Business Credit Mastercard review

Businesses looking at streamlining their expenses can benefit by getting the Bendigo Bank Business Credit Mastercard that allows multiple cardholders under a single umbrella. As the primary account holder, you can assign individual spending limits, and you get a consolidated statement as well as itemised addendums.

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 ongoing 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.

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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 July 21st, 2018
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14.99% p.a.
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$0 p.a. annual fee for the first year ($199 p.a. thereafter)
$0 first year annual fee & up to 90,000 bonus Altitude Pts when you meet T&C with this Visa (issued by Westpac) & Amex (issued & serviced by Amex).
NAB Low Fee Platinum Card - Exclusive Amazon Offer
19.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$90 p.a.
finder Exclusive: 10% cashback with amazon.com.au for 12 months (capped at $25 per month). Plus, 0% p.a. on balance transfers for 24 months.
Qantas Premier Everyday
19.99% p.a.
4.9% p.a. for 24 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Take advantage of up to 40,000 bonus Qantas Points, a $0 first year annual fee plus complimentary overseas travel insurance.

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