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 Name | Coastline Business Visa Rewarder Credit Card |
|---|---|
| Rewards Program | Rewarder Rewards Program |
| Purchase rate (p.a.) | 17.00% p.a. |
| Annual fee | $75 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 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 |
| Card Type | Visa |
| Foreign Currency Conversion Fee (VISA) 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. | 3.65% of transaction value |
| Complimentary Travel Insurance | No |
| Minimum Age | 18 years of age |
|---|---|
| Available To Temporary Residents | No |
| Annual fee | $75 p.a. |
|---|---|
| Minimum Monthly Repayment | $20 |
| Late Payment Fee | $25 |
| Foreign Currency Conversion Fee (VISA) 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. | 3.65% of transaction value |
| Cash Advance Fee | $3.50 |
| Overseas ATM Withdrawal Fee | $5 |
| Rewards Program | Rewarder Rewards Program |
|---|
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 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 $75, respectively. By reaching the minimum spend thresholds you can look forward to a waiver of both.
- Rewards for spending. You earn Rewarder points when you make purchases using your Coastline Visa Business Rewarder card, and these points convert to cash rewards in dollar value that you can use at any EFTPOS terminal throughout Australia.
- Interest-free days. By paying your account’s closing balance completely at the end of each billing cycle, you can get as many as 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.
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:
Eligibility 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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