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Looking for a business credit card? Check out Cape's Mastercard Interest-Free Days Business Credit Card, which is a corporate charge card with no FX fees and a fast online approval process.

Cape's Mastercard Interest-Free Days Business Credit Card has a credit limit of up to $500,000. You'll need a minimum annual business revenue of $75,000 to be eligible for this card.

This card is worth considering if you're looking for a charge card with minimal fees including no foreign transaction fees.

Pros

Competitive rates
Same day approval
Very minimal fees

Cons

As a charge card, you have to pay the balance in full each month

This card has a 0% interest rate, as it is a charge card. You cannot carry a balance forward each month and must pay off what you spend in full.

Details

Product details

Product Name	Cape Mastercard Interest-Free Days Business Credit Card
Purchase rate p.a.	Purchase rate p.a. 0%
Interest-free period	Up to 30 days on purchases
Cash advance rate p.a.	2.99%
Min credit limit	$5,000
Max credit limit	$500,000
Card type	Mastercard

Eligibility

Available to temporary residents

Rewards

Rewards program	Mastercard Business Rewards
Bonus points	N/A

Fees

Annual fee	Annual fee $383.88
Minimum monthly repayment	100% of the closing balance outstanding
Foreign currency conversion fee	Foreign currency conversion fee 0%
Cash advance fee	2.99% or $2, whichever is greater
Overseas ATM withdrawal fee	$0

How to apply

If you've compared your options and want to apply for the Cape Mastercard Interest-Free Days Business Credit Card, you can fill out an online application form within 5 minutes. You can also connect your bank statements and accounting records to Cape's platform so you can upload PDFs and for easier verification.

Before you get started, make sure you meet the following requirements and have the necessary information to complete your application.

Eligibility criteria

Business requirements. PTY LTD businesses only. To qualify for this card, your business must have a valid ABN/ ACN and an annual revenue of at least $75,000.

Required documents

Personal details. These include your name, email address, phone number, date of birth and home address.

Proof of identity. You'll be asked to provide an Australian driver's license or passport to confirm your identity.
Financial information. You will need to provide documents that verify your income, such as your financial statement or recent management accounts for the last two years.

Go to Cape's site More info

Card benefits

Waived account fee for the first month. With Cape, you'll save with zero account fees for the first month or 20% off on annual billing.
Airline lounge access. Depending on what plan you're on, Cape cards offer free access to over 1,300 airport lounges throughout the world.

Travel inconvenience cover. This insurance covers you in the case of flight delays, missed connections or delayed luggage.
Accounting software. You can connect your Cape account to Xero, MYOB, QuickBooks or NetSuite for easy tracking of business expenditures.

Rates & fees

Cash-flow period. This card has a 0% interest rate, as it is a charge card. Instead, you'll have up to 30 cash flow days to pay off purchases. This also means you cannot carry a balance forward each month and must pay off what you spend in full.
Plan pricing. There are 3 pricing tiers depending on your plan. Each comes with a discount in the form of either a 20% discount off the annual fee or the first month's fee waived. Outside of any promotional discounts, you'll be charged the following plan pricing:
- Starter: $39.99/month or $479.88/year ($383.88 with a 20% discount)
- Essentials: $99.99/month or $1,199.88/year ($959.90 with a 20% discount)
- Scale: $199.99/month or $2,399.88/year ($1,919.90 with a 20% discount)

0% international transaction fees. This card has no fees for international transactions.
Additional cardholders. You can request an unlimited number of cards linked to your account depending on what plan you're on.
Credit limit. This card has a minimum credit limit of $5,000 and a maximum credit limit of $500,000.

Go to Cape's site More info

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Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full profile

Cape Mastercard Interest-Free Days Business Credit Card

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Your reviews

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