Coastline Visa Business Rewarder Credit Card Review

Information verified correct on December 6th, 2016

Let your business be rewarded for spending, but still enjoy up to 55 days of interest-free purchases

The Coastline Visa Business Rewarder Credit Card comes linked to a rewards program that offers great freedom when it comes to redeeming reward points.
This card does not charge any application fee, and you can look forward to a monthly and annual fee waiver if you meet certain conditions. When used in the right way, this card gives you up to 55 interest-free days on purchases.

Product NameCoastline Visa Business Rewarder Credit Card
Rewards ProgramRewarder Rewards Program
Purchase rate (p.a.)17.00% p.a.
Annual fee$75 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 55 days on purchases
Cash advance rate (p.a.)17.00% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Minimum Monthly Repayment20%
Card TypeVisa
Late Payment Fee$25
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Annual Fee$75 p.a.
Minimum Repayment20%
Late Payment Fee$25
Over Limit Fee$0
Cash Advance Fee$3.50
Overseas Cash Advance Fee$5 or 3.65%
Overseas ATM Withdrawal Fee$5
Gambling Transactions AllowedNo
BPAYYes
Direct DebitYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes
Rewards ProgramRewarder Rewards Program
Rewards Points per $ (VISA/MC)0
Rewards Points per $ (AMEX)0
Points ExpiryNever

Coastline Visa Business Rewarder Credit Card review

This Coastline Visa Business credit card charges a competitive interest rate of 17% p.a. What helps is that this standard rate applies to both purchases and cash advances, so you don’t end up paying more interest when you need to withdraw cash. The rewards program does not impose limitations on how you redeem your reward points, allowing you to turn to any EFTPOS terminal to redeem.

Benefits of the Coastline Visa Business Rewarder Credit Card

  • Rewards program. Making business purchases using the Business Rewarder Credit Card makes sense because every time you make an eligible purchase you earn reward points. Unlike most other reward programs that limit how members can redeem their points, the Rewarder program gives you the ability to use your reward points to make regular purchases at any merchant in Australia that accepts EFTPOS payments.
  • Monthly and annual fee waiver. You don’t have to pay any annual fee if your annual spending exceeds $20,000. If you maintain a combined monthly balance of $10,000 or more in your Coastline savings, investment, and loan accounts, you can look forward to a monthly fee waiver.
  • Access fund anywhere, anytime. You can use this Visa credit card the world over, at any EFTPOS terminal or ATM that displays the Visa logo. You can also use this card to pay bills and make purchases online and over the phone.

Coastline Visa Business Rewarder Credit Card features

  • Monthly and annual fee. This card attracts nominal monthly and annual fees, which stand at $10 and 55 interest-free days on purchases.
  • Free transactions. You can make unlimited credit, direct debit, and BPAY transactions for free.
  • Credit limit. The minimum credit limit for this card is $500, with the limit you're assigned depending on multiple factors.
  • Phone and internet banking. You can turn to Coastline’s internet and phone banking platforms to get account-related information, and access to both is free.
  • Verified by Visa. When using this card to make online transactions, Verified by Visa works in detecting risk levels of each transaction, and if it detects any unusual activity, it requests some personal details to prevent fraudulent use.
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How to apply for the Coastline Visa Business Rewarder Credit Card

You can apply for the Coastline Visa Business Rewarder card by submitting an online enquiry, or by visiting any Coastline Credit Union branch. The following eligibility criteria will apply:

Application criteria:

  • You should be a permanent resident of Australia
  • You need to be over 18 years of age
  • You’ve registered your business in Australia

Required documents:

  • Phone number and address of your business
  • The financial details of your business

The fact that this business credit card rewards spending makes it a viable option to add to your comparison. Keep in mind there are similar offerings out there, so consider other business credit cards that are available before submitting your application.

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Rates last updated December 6th, 2016
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* 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.

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