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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Westpac BusinessChoice Rewards Platinum Mastercard

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Westpac BusinessChoice Rewards Platinum Mastercard
Terms and conditions apply
Purchase rate
20.24% p.a.
Reward points per $ spent
0.5
Annual fee
$150 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers up to 0.5 Qantas Points per $1 spent and complimentary insurance covers, with a $150 annual fee per card.

The Westpac BusinessChoice Rewards Platinum Mastercard is suited to small to medium-sized businesses that want to be rewarded for their spending with Qantas Points. With this account, you’ll earn 0.5 to 0.75 points for each $1.50 of eligible business spending on a linked card. These points are pooled in a Qantas Business Rewards account, where you can redeem or transfer them to any individual Qantas Frequent Flyer account.

Pros

  • 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

In this guide

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

The Westpac BusinessChoice Rewards Platinum Mastercard is linked to the Qantas Business Rewards program and 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.

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 N/A
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

Well done, Westpac!

The Westpac Business Choice Rewards Platinum Mastercard is also a finalist for the second year in a row. It earns an equivalent 0.5 Qantas Points per $1 on most eligible spending and 0.33 points per $1 for ATO and other government payments. It also offers complimentary Qantas Business Rewards membership and international travel insurance.

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.

Card benefits

  • 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.

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.

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Amy Finder

Editor

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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


Avatar

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?


Avatar

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


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