Low-rate business credit cards

What is the lowest rate for a business credit card?

It can vary depending on several factors, including the creditworthiness of the business, the specific credit card issuer, and prevailing market conditions. Typically the rates range from around 9% to 25% per annum for purchases, although rates below 10% were less common.

However, it's essential to note that advertised interest rates may be subject to change and may not necessarily reflect the rate you will be offered. The actual interest rate you receive on a business credit card will depend on factors such as your business's credit history, financial situation, and the card issuer's assessment of risk.

Additionally, some business credit cards may offer promotional interest rates for a limited period, such as a low introductory rate on purchases or balance transfers. These promotional rates can be lower than the standard ongoing rates but usually revert to higher rates after the promotional period ends.

What are the best low-rate business credit cards?

Here are some low-rate business credit cards offered by major banks and financial institutions in Australia that were well-regarded based on features such as competitive interest rates, low fees, and additional perks: NAB Low Rate Business Card, ANZ Business Low Rate, Westpac Business Low Rate Card, Commonwealth Bank Business Low Rate Credit Card, Bankwest Business Low Rate Mastercard, St.George BusinessVantage Visa.

Business loan calculations for 3 years (example)

You can make more detailed calculations using the financial calculators on our website.

What are the lending limits for a low-rate business credit card?

The lending limits for business credit cards typically range from a few thousand dollars to tens or even hundreds of thousands of dollars. However, it's important to note that the specific lending limit assigned to a business credit card account is at the discretion of the card issuer and may vary based on individual circumstances.

Business owners can often request a specific credit limit when applying for a business credit card, but the final decision rests with the card issuer. Card issuers may also periodically review and adjust credit limits based on factors such as the business's financial performance, credit usage, and payment history.

Do Australian banks offer grace periods?

Yes, in Australia, grace periods for credit cards commonly range from around 21 to 55 days, depending on the specific terms and conditions of the credit card issuer. During this period, if you pay your balance in full by the due date, you won't be charged any interest on purchases made during the billing cycle.

It's important to note that grace periods generally apply to new purchases only and may not apply to cash advances, balance transfers, or other transactions. Additionally, grace periods can vary based on the billing cycle and when purchases are made within the cycle.

See the similar FAQ about Australian banks:

• Bankwest: lost card, what should I do?
• Corporate charge card from CBA
• NAB corporate cards
• Westpac corporate credit cards
• Westpac personal loan application

Details of companies offering the financial services:

ANZ Bank

Head office’s address: 833 Collins Street

Contact center: 13-13-14

Phone: 61-3-9683-9999

Mail address: 833 Collins Street Docklands, Melbourne

Web-site: http://www.anz.com

Swift code: ANZBAU3M

Financial institution code: ANZ

Stock code: ANZ

ABN: 11 005 357 522

BSB: 015-891

Bank of Melbourne

Head office’s address: 525 Collins Street

Contact center: 61-132266

Phone: 61-3-9982-4186

Mail address: 525 Collins Street Melbourne

Web-site: https://www.bankofmelbourne.com.au/

Swift code: SGBLAU2S

ABN: 33 007 457 141

BSB: 193-879

Bank SA

Head office’s address: 97 King William Street

Contact center: 13-13-76

Phone: 61-2 9155-7850

Mail address: 97 King William Street, Adelaide, SA

Web-site: http://www.banksa.com.au/

Swift code: SGBLAU2S

ABN: 33 007 457 141

Bendigo and Adelaide Bank

Head office’s address: The Bendigo Centre

Contact center: 1-300-361-911

Phone: 61-2-8023-5417

Mail address: The Bendigo Centre PO Box 480 Bendigo Vic 3552

Web-site: http://www.bendigobank.com.au/

Swift code: BENDAU3B

Stock code: BEN

ABN: 11 068 049 178

BSB: 633-300

CommBank

Head office’s address: 201 Sussex Street

Contact center: 13-22-21

Phone: 61-2-8055-4001

Mail address: Level 10, Tower One, Darling Park, 201 Sussex Street

Web-site: https://www.commbank.com.au/

Swift code: CTBAAU2S

Stock code: CBA

ABN: 48 123 123 124

Greater Bank

Head office’s address: 103 Tudor Street

Contact center: 13 13 86

Phone: +612 4921 9111

Mail address: Greater Bank PO Box 173, Hamilton NSW 2303

Web-site: https://www.greater.com.au/

Swift code: ASLLAU2CGBS

ABN: 88 087 651 956

BSB: 637 000

Heritage Bank

Head office’s address: 400 Ruthven St

Contact center: 13-14-22

Phone: 61-7-4694-9000

Mail address: PO Box 190 TOOWOOMBA QLD 4350

Web-site: https://www.heritage.com.au

Swift code: HBSLAU4T

ABN: 32 087 652 024

BSB: 638-603

Hume Bank

Head office’s address: 492 Olive St

Contact center: 1-300-004-863

Mail address: PO Box 343 Albury NSW 2640

Web-site: https://www.humebank.com.au

Financial institution code: HUM

ABN: 85 051 868 556

BSB: 640-000

NAB

Head office’s address: 800 Bourke Street

Contact center: 13-22-65

Phone: 61-3-8566-7023

Mail address: Level 4, 800 Bourke Street, Docklands, VIC

Web-site: http://www.nab.com.au/

Swift code: NATAAU3303M

Financial institution code: NAB

Stock code: NAB

BSB: 086-027

Queensland Country Bank Limited

Head office’s address: 333 Ross River Road

Contact center: 1800 075 078

Phone: +61 7 4412 3526

Mail address: PO Box 679 Aitkenvale QLD 4814

Web-site: https://www.queenslandcountry.bank/

Swift code: QCCNAU41XXX

ABN: 77 087 651 027

BSB: 654 000

St. George Bank

Head office’s address: 275 Kent Street

Contact center: 13-33-30

Phone: 61-2-9553-5333

Mail address: St.George Bank Locked Bag 1 Kogarah NSW 1485

Web-site: http://www.stgeorge.com.au/

Swift code: SGBLAU2S

Financial institution code: STG

Stock code: SGB

ABN: 33 007 457 141

BSB: 112-908

Westpac Bank

Head office’s address: 275 Kent Street

Contact center: 13-20-32

Phone: 61-2-9155-7700

Mail address: 275 Kent Street, Sydney, NSW

Web-site: https://www.westpac.com.au/

Swift code: WPACAU2S

Financial institution code: WBC

Stock code: WBC

ABN: 33 007 457 141

BSB: 032-063