In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Cape Mastercard Interest-Free Days Business Credit Card

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Cape Mastercard Interest-Free Days Business Credit Card
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Terms and conditions apply
Annual fee
$383.88 p.a.
Interest-free on purchases
Up to 30 days

Our verdict

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.

Pros

  • Competitive rates
  • Same day approval
  • Very minimal fees

Cons

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

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

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.
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 No

Rewards

Rewards program Mastercard Business Rewards
Bonus points N/A

Fees

Annual fee
$383.88
Minimum monthly repayment 100% of the closing balance outstanding
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.

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.

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)

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