In business, having a reliable financial tool can make a significant difference. The Bendigo Bank Business Credit Card offers a suite of features designed to streamline your business expenses. It improves cash flow management and provides the financial flexibility you need to grow your enterprise.
Whether you are a small business owner or managing a larger operation, this credit card can be a valuable asset. But what makes the Bendigo Business Credit Card stand out from the rest? Let’s explore its benefits, fees, and application process to find out.
Why Should I Get a Bendigo Bank Business Credit Card?
Flexible Spending Limits
One of the standout features of the Bendigo Business Credit Card is the ability to set individual spending limits for each cardholder. This ensures that your team members have the funds they need for business expenses while maintaining control over your overall budget.
Streamlined Accounting
The card’s compatibility with popular accounting software like MYOB makes it easier to track and manage your expenses. By automatically uploading transactions, it saves time and reduces the risk of manual entry errors, providing more accurate financial reporting and helping you make better-informed business decisions.
Interest-Free Period
The Bendigo Business Credit Card offers up to 44 days of interest-free purchases. This feature is particularly beneficial for managing cash flow, allowing you to make necessary purchases and pay them off without incurring additional interest costs.
Low Fees
With a low monthly fee of just $4 per card, the Bendigo Business Credit Card is an affordable option for businesses looking to manage their expenses without breaking the bank.
Additionally, the purchase interest rate is a competitive 13.99% p.a. It is a cost-effective choice compared to other business credit cards.
Liability Options
Bendigo Bank provides flexible liability options, including company liability, individual liability, and joint and several liability. This flexibility ensures that the card can be tailored to suit the specific needs and structure of your business, offering peace of mind and security.
Pros and Cons Bendigo Bank Business Credit Card
| Pros | Cons |
|---|---|
| Flexible spending limits | Monthly fee per card |
| Up to 44 days interest-free | Travel Insurance |
| Compatibility with MYOB | No reward points program |
| Low monthly fee | – |
| Multiple liability options | – |
| Travel insurance | – |
Fees and Interest Associated with Bendigo Bank Business Credit Card
| Bendigo Business Credit Card Interest Rate & Fee | Amount |
|---|---|
| Monthly Fee | $4 per card |
| Purchase Interest Rate | 13.99% p.a. |
| Cash Advance Interest Rate | 13.99% p.a. |
| Interest-Free Period | Up to 44 days |
How to Apply for a Bendigo Bank Business Credit Card?
Applying for a Bendigo Business Credit Card is straightforward. Visit the Bendigo Bank’s official website and navigate to the Business Credit Card page. From there, you will get a phone number (1300328007). Call this number and Bendigo’s 24/7 assistance will assist you in for applying a business credit card.
Managing Your Credit Card
As your business grows, you may find the need to increase your credit limit. The Bendigo Bank credit card limit increase process is simple and can be initiated by contacting their customer service or through their online banking portal. This flexibility ensures that your credit card continues to meet your business needs as they evolve.
Also Read: Bendigo Bright Credit Card: Low Interest Rate, 24/7 Fraud Monitoring
The Final Words
The Bendigo Bank Business Credit Card is a powerful tool for businesses seeking to manage their expenses effectively. With features like flexible spending limits, compatibility with accounting software, and a low monthly fee, it offers substantial value.
While the Bendigo credit card lacks in rewards program, its cost-effective interest rates and flexible liability options make it a strong contender for any business. Consider your business needs and explore if this credit card aligns with your financial management strategy.