Westpac BusinessChoice Rewards Platinum Mastercard
- 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.
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
Details
Product details
| Product Name | Westpac BusinessChoice Rewards Platinum Mastercard |
| Purchase rate p.a. | Purchase rate p.a.20.24% |
| Interest-free days | 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 |
Your reviews
Amy Finder
Journalist
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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
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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