Select Westpac business credit cards to reduce costs using a single, dedicated card for purchases. The Westpac BusinessChoice Everyday Mastercard provides several advantages to business owners and is among the greatest choices. It has money-saving features that can help you control your daily expenses. Let’s know more about it.
Westpac BusinessChoice Everyday Mastercard Benefit and Features
Why should you choose this card over other business cards? Let’s look at Westpac BusinessChoice Everyday Mastercard benefits:
Additional Cards
Employers can provide their staff with this card to use for any business-related costs. Businesses can issue up to 99 cards to their employees to pay for business excursions without using their cards or money. It will be possible for the primary cardholder to keep track of and finish other card actions.
Liability
Regarding Business Liability, the company applying for the card is accountable to the bank for any unpaid balances on the BusinessChoice Everyday Mastercard account. In terms of joint and several liability, any sums owed on the BusinessChoice Everyday Mastercard account are the joint and several liability of the Business and the principals who apply for the card on the Business’s behalf.
Credit Limit
The Westpac BusinessChoice Everyday Mastercard credit limit can also be set separately for each card. You can set an individual Westpac BusinessChoice Everyday Mastercard limit for each card between $2,000 to $2,50,000.
Tax Reporting
The card offers a simple alternative for tax reporting. Owners of businesses can also examine the transactions associated with this card. You can easily connect your billing account and all cards associated with the account with your third-party service provider through Westpac Online Banking, or simply export your transactions as a CSV file from Westpac Online Banking and import it into the system of your choice. This will simplify tax reporting.
Insurance
There is a complimentary Westpac BusinessChoice Everyday Mastercard travel insurance for the customers.
Digital Payments
You can link your Westpac business card to your mobile device for digital payments. It can be linked to Google Pay, Apple Pay, Garmin Pay, or Samsung Pay to make quick, contactless payments. You can pay for it either through your smartphones or even smart wearables.
Pros and Cons of Westpac BusinessChoice Everyday Mastercard
| Pros | Cons |
| Low purchase rate of 14.25% | 3% international transaction fee |
| Complimentary insurance for transit accidents, flight inconveniences, and unauthorized transactions. | No sign-up bonus offer |
| The annual fee is waived for the second year if the spending is more than $15,000 in the first year. | |
| Compatible with Samsung and Google Pay |
Fees and Interest Rate of Westpac BusinessChoice Everyday Mastercard
| Fee | Amount |
| Card fee | $75 p.a for every card |
| Variable purchase rate | 14.25% |
| Variable cash advance rate | 19.96% |
| Interest-free period | Up to 55 days |
| Minimum repayment amount | $10 |
| Minimum repayment percentage | 3% |
| Annual fee spend threshold | $15,000 |
| Reward program fee | None |
| Late payment fee | $0 |
| Cash advance fee | 3% |
| Duplicate statement fee | $0 |
| Transaction verification fee | $0 |
How to Apply for Westpac BusinessChoice Everyday Mastercard?
If you are looking for a credit card for your business, you can go for the Westpac BusinessChoice Everyday card, which is simple to apply:
- Go to the official website of Westpac
- Select Business
- Go to the credit card option
- Click “Apply now” after selecting the BusinessChoice Everyday Mastercard.
- Comply with the guidelines and complete the application.
Eligibility Criteria
Here are the eligibility criteria for applying to this wonderful and beneficial card for your business:
- $4 million annual income
- An expected $250,000 yearly credit exchange
- Issue at least fifteen cards to the company
- Doing business for a long time
- Not to be a sole proprietor
- You must be an Australian resident
- You should also be a minimum of 18 years old
- This card must be used for investment or business purposes.
- It can only be given to a trustee, business owner, or the director of a company
Last Words
Westpac BusinessChoice Everyday Mastercard makes expense management for your business simple and adaptable. With features like cheap interest rates, easy-to-use expenditure monitoring, and enticing rewards, it is for the financial needs of businesses of all sizes. Whether your objective is to streamline your spending or maximize cash flow, this card has the features and benefits you need to promote the expansion of your business.