Hume Business Credit Card – Unsecured – Rates & Fees

Get a business credit card that rewards spending and offers up to 55 interest-free days on purchases

The Hume Unsecured Business Credit Card works like any other conventional credit card, where you don’t have to provide any kind of security to apply. This card comes linked to Hume’s loyalty program, where you earn loyalty points upon making eligible purchases. Use the card in the right manner and you can get up to 55 interest-free days on purchases. You have to pay a nominal annual $40 fee, which is subject to waiver.

Product NameHume Business Visa Unsecured Credit Card
Rewards ProgramHume Loyalty Program
Purchase rate (p.a.)13.60% p.a.
Annual fee$40 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)17.95% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
2.85% of transaction value
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$40 p.a.
Minimum Monthly Repayment3% or $10, whichever is greater
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
2.85% of transaction value
Number of Additional Cardholders9
Rewards ProgramHume Loyalty Program
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of Hume Business Credit Card - Unsecured

  • Hume’s loyalty scheme. This loyalty scheme is easy to understand and does not place limitations on how you can redeem your rewards. Every dollar spent on eligible purchases earns one loyalty point, and you can get these points to credit to your nominated credit card account or a Hume’s savings account. The transfer of loyalty points takes place once every six months, and you get one Australian dollar for 500 loyalty points.
  • Competitive purchase rate. This card charges a competitive interest rate on purchases, which currently stands at 13.6% p.a.
  • Comprehensive reporting. You receive individual statements for all cards linked to the primary account, giving you detailed information about transactions made using each card.
  • Personalised cards. Hume Unsecured Business Credit Cards come with your business name embossed on them, while also carrying the name of the individual cardholder. Each time an employee uses this Hume credit card, it helps spread the name of your business.

Features of the Hume Business Credit Card - Unsecured

  • Annual fee - An annual fee of $40 applies per account, but this fee is subject to waiver if the account’s previous year’s total spending exceeds the predefined spend hurdle of $24,000.
  • Interest-free days - You can get as many as 55 interest-free days on purchases by paying the account’s closing balance completely before each due date.
  • Additional cards - You can get up to 9 cards linked to a single business credit card account. Every cardholder should be at least 16 years old and a Hume customer.
  • Credit limit - Hume Secured Business Credit Card comes with a minimum credit limit of $5,000. The maximum limit depends on the business’ ability to make repayments.
  • Access funds anywhere, anytime - Visa is accepted internationally, so cardholders can use this card just about anywhere; you simply have to look for the Visa logo. This card can also be used to make online and over-the-phone purchases and bill payments.
  • Individual limits - As the primary account holder you get to decide each card’s credit limit, and the total cannot exceed the account’s credit limit. You have the ability to make changes to individual limits at any time.
  • Visa Entertainment - This online platform allows cardholders to access a number of special entertainment offers, which include pre-sale tickets to events.
  • Verified by Visa - Upon the use of your credit card details online, this service works as an additional layer of defence.

How to apply for Hume Business Credit Cards - Unsecured

Visiting a Hume branch is one way to apply. Another is to download an application and mail it or take it to any Hume branch once it’s complete. Bear in mind you have to meet the following application criteria:

Application Criteria:

  • You run an Australian registered business
  • The application is in the name of a company, partnership, trust, or sole trader
  • You are a customer of Hume Bank

To complete the application you have to provide some personal information, which includes the following:

  • Details of your business like its trading name, business structure, phone number, and address
  • Complete business and personal taxation returns from the last two years
  • Details of individual cardholders

While businesses can benefit by getting these Hume business credit cards with individual limits, know that you can find similar features in offerings by other banks. So it is good to take some time to compare a few business cards before making a decision.

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Credit Cards Comparison

Rates last updated March 23rd, 2019
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0% p.a. for 18 months
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Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
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Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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