In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Westpac BusinessChoice Rewards Platinum Mastercard

  • Amy Bradney-George's headshot
Westpac BusinessChoice Rewards Platinum Mastercard
Terms and conditions apply
Bonus points
50,000
Purchase rate
20.24% p.a.
Reward points per $ spent
0.5
Annual fee
$150 p.a.

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).

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

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, 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.

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

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.

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.

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.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

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?


Show more Show less
Avatar

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


Show more Show less
Avatar

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


Show more Show less
Avatar

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


Go to site