Coastline Visa Business Rewarder Credit Card

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

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Sally McMullen

Last Updated Nov 6, 2020

17% p.a.

Purchase rate

$75 p.a.

Annual fee

55 days

Interest free period

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Details

Product Name	Coastline Business Visa Rewarder Credit Card
Rewards program	Rewarder Rewards Program
Purchase rate	17% p.a.
Annual fee	$75
Interest-free period	Up to 55 days on purchases
Cash advance rate	17% p.a.
Min credit limit	$500
Card type	Visa
Foreign currency conversion fee	3.65%

Available to temporary residents	No
Joint application	No

Pros

$10 monthly fee will be waived if you maintain a monthly membership balance of $10,000 or more.
$75 annual fee will be waived if you spend more than $20,000 per year.

Cons

Does not offer complimentary travel insurance

Rewards program	Rewarder Rewards Program
Bonus points	N/A

Annual fee	$75
Minimum monthly repayment	$20 per transaction
Late payment fee	$25
Foreign currency conversion fee	3.65%
Cash advance fee	3.5%
Overseas ATM withdrawal fee	$5

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert 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.

How to apply

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

Residency. You should be a permanent resident of Australia.
Age. You must be at least 18 years old to apply.

Business details. You'll need to confirm your business name and provide your ABN or ACN.

Required documents

Business information. Phone number and address of your business.
Finances. The financial details of your business.

Card benefits

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.
Mobile wallets. Whether you have an Android or Apple device, you can save time at the cash register and pay with the convenience of your smartphone with Google Pay or Apple Pay.
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.

Rates & fees

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.
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.

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Coastline Visa Business Rewarder Credit Card