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Our verdict

Offers 50,000 bonus Qantas Points and complimentary insurance covers, with a $150 annual fee per card.

The Westpac BusinessChoice Rewards Platinum Mastercard offers 50,000 bonus Qantas Points when you apply, get approved by 30 October 2024, and spend $3,000 on eligible purchases within the first 90 days from card approval. This is enough for a one-way business class flight from Sydney to Christchurch, New Zealand (41,500 Qantas Points) or a return economy flight from Melbourne to Denpasar (40,600 Qantas Points).

Qantas Business Rewards also offers extra perks including bonus points, discounts on eligible flight fares and reduced Qantas Club membership fees. And you can save on the usual $89.50 joining fee when you're a new Westpac BusinessChoice customer. But if you want add cards to this account, make sure you calculate the yearly cost and compare it to other business cards on the market to find one that's right for your budget.

Pros

50,000 bonus Qantas Points offer
Up to 0.5 Qantas Points per $1 spent (earned as 0.75 points per $1.50)
Join the Qantas Business Rewards program for free (normally $89.50)
Complimentary travel, purchase, and business-related insurance covers
Individual credit limits for cards added to the account
Bank feeds for accounting software including MYOB, Quickbooks and Xero

Cons

$150 annual fee per card
Relatively high 20.24% p.a. interest rate for purchases and cash advances
Other business credit cards offer a higher earn rate
3% foreign transaction fee

The Westpac BusinessChoice Rewards Platinum Mastercard is linked to the Qantas Business Rewards program, in which the one-off joining fee is waived, saving you $89.50 as a new customer. It offers 0.5 points per $1 on most eligible business spending (earned as 0.75 points per $1.50). It also earns points for payments to the Australian Taxation Office (ATO) and other Australian government bodies, but at a lower rate equivalent to 0.33 points per $1.

Other perks include complimentary travel insurance and automated bank feeds with MYOB, Quickbooks, Xero and lots of other accounting software services. While it offers up to 99 cards for employees, keep in mind that an annual fee applies for each one.

Details

Product details

Product Name	Westpac BusinessChoice Rewards Platinum Mastercard
Purchase rate p.a.	20.24%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	20.24%
Min credit limit	$2,000
Max credit limit	$250,000
Card type	Mastercard

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	Qantas Business Rewards
Bonus points	50,000
Rewards points per $ spent	0.5
Rewards points cap	100,000

Fees

Annual fee	$150
Minimum monthly repayment	3% of the closing balance or $10, whichever is greater
Late payment fee	$0
Foreign currency conversion fee	3%
Cash advance fee	3%
Overseas cash advance fee	3%
Number of additional cardholders	99

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Congratulations, Westpac!

Westpac Business Choice Rewards Platinum Mastercard received the highly commended award for 'Business Frequent Flyer Credit Card' in the 2024 Product Awards.

Full list of 2024 winners

How to apply

You can apply for the BusinessChoice Rewards Platinum Mastercard online in 20 minutes. Before you apply, make sure that your business meets the spend requirements and that you have the necessary information to complete the application.

Eligibility criteria

Eligible business representative. You must be a business owner, trustee or company director to apply on behalf of your organisation.
Business purposes. You must confirm that you're intending to use the card for business or investment purposes.

Residency. You must be an Australian permanent resident.
Age. Applicants must be at least 18 years old.

Required documents

Personal details. This includes your name, date of birth and contact details.
Business information. You'll need to confirm the name of the organisation and whether it's a sole trader, partnership, domestic public company or trust. You'll also need to provide information regarding the businesses' finances including assets, liabilities, expenses and after-tax income from the previous year.
ABN. You'll be asked to provide your Australian Business Number (ABN) or Australian Company Number (ACN).
Accountant. You'll need to provide your accountant or financial secretary's contact details.

Card benefits

50,000 bonus Qantas Points. You'll earn 50,000 bonus Qantas Points when you apply, get approved by 30 October 2024, and spend $3,000 on eligible purchases within the first 90 days from card approval. Eligible purchases do not include transactions such as BPAY payments, cash advances, government charges, and account fees and charges. Keep in mind that Westpac may vary this offer at any time.
Earn Qantas Points on business expenses. You and your additional cardholders can earn an equivalent of 0.5 Qantas Points per $1 spent on eligible business purchases (collected as 0.75 points per $1.50 spent), with 0.33 points per $1 spent on government transactions (such as ATO payments). You can earn up to a maximum of 100,000 Qantas Points per month with this account (not including any bonus points). The points earned through this account are added to your account, where you can then transfer them to any individual Qantas Frequent Flyer account.

Complimentary Qantas Business Rewards membership. If you're a new cardholder, you can join Qantas Business Rewards without paying the usual $89.50 joining fee. As well as points, this gives you access to exclusive savings on flights, bonus Qantas Points offers and other business perks.
Additional cardholders. Easily track and manage employee spending when you request additional cardholders and set individual credit limits from $1,000 on up to 99 cards.
Simplified tax reporting. You can export your transactions into MYOB and BAS easily. You can also download your transactions into a CSV file to analyse your expenses.
Complimentary travel insurance. If you use this card to purchase overseas return tickets, you can take advantage of international travel insurance that covers you, your spouse and dependent children travelling with you for up to 3 months. Other complimentary insurances include interstate flight inconvenience insurance and transit accident insurance.
Business-related insurances. Unauthorised transaction insurance offers automatic cover against unauthorised transactions that cardholders might make in a one-year period. This is limited to $20,000 for each cardholder with a maximum total limit of $150,000 for all claims per account holder.
Purchase-related insurance. This card gives you access to extended warranty cover for eligible items and purchase protection insurance that protects you against loss, theft or damage to a covered item purchased with the card.
Platinum concierge. Your personal Westpac platinum concierge service can help you with anything from booking a business trip to organising a work event and more.

Rates & fees

Annual fee. This card charges a $150 annual fee for the primary card and each subsequent additional card.
Purchase interest rate. You'll be charged a 20.24% p.a. interest rate on purchases.

Cash advances. If you use your card to make a cash advance, such as an ATM withdrawal, you'll immediately attract the 20.24% p.a. cash advance interest rate and a 3% cash advance fee.
Fraud Money Back Guarantee. If your account is used for fraudulent transactions, you'll be reimbursed through the Westpac Fraud Money Back Guarantee so long as you meet the terms and conditions.
Up to 55 days interest-free. When you pay your balance in full by the due date each billing cycle, you can save with up to 55 interest-free days on purchases.
Contactless technology. You can use your card to tap and go without PIN verification for purchases under $100. For larger transactions, you can tap your card and enter the PIN when prompted.
Westpac Live Online Banking. You can use the online banking platform to access your account on the go. If you're the primary cardholder, you can get copies of individual card statements and set spending limits through your online account.

Sources

Westpac BusinessChoice Rewards Platinum Mastercard information PDF

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Tawhiri

February 11, 2016

1) what is deemed a eligible business purchase?

Telephone? mobile? internet expenses? power bill? to your work place,

Rent of your work shop? Vehicle expenses i.e fuel bill, tyres,vehicle repairs? Products you use such as air conditioners? Refrigerant?Power tools? Equipment like duct lifters? Recovery units? Consumables oil, cleaning fluids? I guess any expense paid by the credit card that forms part of the operation of the business your in would be ok?

2) Is there a limit on how many points you can accumulate in a month? in a year?

3)i already have a personal credit card with westpac for the last 10 years is it a easier process to change it to a Westpac Business Choice Rewards Card?

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Jonathan Finder

February 11, 2016

Hi Tawhiri, thanks for your question!

1) As per Westpac’s Rewards terms and conditions; “Aquire Points are calculated on the number of Australian dollars charged to the card account in connection with purchases of goods or services (including any GST payable in respect of the goods or services) from merchants accepting a card.” As much as we would like to give an absolute rule on what types of transactions count as eligible purchases, this detail varies depending on each merchant as the agreement and type of service/ good is treated differently by Westpac. Generally we can advise that any transaction which accepts credit card payment will earn rewards points.

2) This card has uncapped points earnings.

3) To switch to another Westpac credit card you can apply via Online Banking to change your existing card, call Westpac on 1300 130 961 or visit a Westpac branch.

Cheers,

Jonathan

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Fabio

September 29, 2015

Morning

Do you earn points on ATO payments.

If not do you know of any business card that does?

thanks

Jonathan Finder

September 29, 2015

Hi Fabio,

Thanks for your inquiry!

Westpac credit cards with a dual card with AMEX can be eligible to earn points on ATO payments.

For more information on this type of transaction please refer to guide on credit cards that offer points for payments to the ATO and see the points earned per $1 for government charges.

Before you apply for your next card, make sure you carefully read over the eligibility requirements and terms and conditions and ensure you have organised the necessary documents before beginning the application.

Cheers,

Jonathan

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geoff

March 18, 2015

how many qantas points earn for every dollar i spend and is there a limit on how points you can earn in a year?

Jonathan Finder

March 18, 2015

Hi Geoff, thanks for your inquiry!

The earnings rate for Acquire points is 0.67 per $1 spent. The conversion rate for Acquire points to Qantas Frequent Flyer points is 1:1. At this point there is no cap on the number of points you can earn in a year.

Cheers,

Jonathan

Westpac BusinessChoice Rewards Platinum Mastercard

Pros

Cons

Congratulations, Westpac!

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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