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A Business Mastercard offers a simple way to pay for business expenses. You can have multiple users on the same credit card account and assign each of them different card limits.
Up to 55 interest free days on purchases.
Get a card for every employee who needs one.
Set different card limits for each cardholder under the same account.
Your statement will break down who spent what.
Get a quick decision if you've got a Xero or MYOB AccountRight subscription, and have at least two years of financial history, using our Fast Capital application.
To qualify for 55 days interest free, you’ll need to pay off your entire outstanding debit balance in full by the due date each month. The interest free period doesn’t apply to cash advances.
You’ll need to make minimum monthly payments of 5% of your monthly statement balance, or $10, whichever is greater, to make sure you don’t get charged a late payment fee.
You can tap your card to make payments for purchases up to $200. For amounts over that, you can still utap to pay, but you'll need to sign or enter your PIN to complete the transaction. Different transaction limits may apply overseas.
By linking your Xero or MYOB AccountRight data when you apply through our Fast Capital application, you'll get a quick decision, without any paperwork.
Your card is protected by Mastercard's Zero Liability Policy, so you're not liable for any unauthorised fraudulent transactions. If you think your card has been used without your authorisation, call us as soon as possible on 0800 521 521 or +64 4 473 1133 from overseas.
Interest rates are subject to change.
Account fee (every quarter) |
$6.25 per card |
Interest rates on purchases |
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Interest rate on cash advances |
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Interest free days |
Up to 55 Interest free period applies provided you pay off your entire outstanding debit balance in full each month by the due date. Interest free period doesn't apply to cash advances or balance transfers. |
Late payment fee |
When your minimum payment isn’t received by us on or before the payment date shown in your monthly statement $3 per late payment Please note when your monthly statement shows an amount due immediately, any payment you make will be applied to this amount before being applied to your minimum payment. This means that you must pay both amounts to avoid being charged this fee. |
International transaction fee |
When you use your credit card for a foreign currency transaction 1.85% of the New Zealand dollar amount once converted. This will show on your internet banking and the mobile app as:
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Replacement or urgent card fee |
When you ask us for a replacement credit card
In addition, when you ask us for an urgent delivery to a New Zealand address:
Or In addition, when you're travelling and ask us for an urgent delivery to an overseas address:
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Cash advance fee |
When you withdraw or transfer money from your available credit card balance
Other banks may charge an additional fee. |
Contact centre and/or automated phone banking high use fee (applies across all your banking) |
Free for calls to our business banking team on 0800 601 601. Calls to our general contact centre or automated phone banking are generally free for the first five calls per month and then:
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Disputed item fee |
When you dispute an item and the item as in fact correctly charged $25 per item |
Investigation fee |
When you ask us to investigate something about your credit card $60 per hour Minimum fee $15 |
Over limit fee |
When you exceed your maximum credit limit $5 each month in which your balance has exceeded your maximum credit limit |
Statement copy fee |
When you ask for a copy of a monthly statement $5 per statement |
Urgent uncleared funds fee |
When you ask for funds to be cleared quicker $25 per clearance |
Voucher copy fee |
When you ask for a copy of a sales voucher $15 per voucher |
Get a decision within minutes using our Fast Capital application by linking your Xero or MYOB AccountRight data. Or talk to a business banking expert who can talk through your options.
Your Business Mastercard comes with Contactless functionality, allowing you to tap your card against a card terminal to make a purchase. Hold your card within 4cm of the terminal to make a payment. The terminal will beep once the transaction is processed. Remove your card and the transaction will be complete.
You can make contactless transactions for purchases up to $200. For amounts over that, you can still use your card, but you'll need to sign or enter your PIN to complete the transaction. Different transaction limits may apply overseas.
Mastercard Contactless is a secure way to pay. Your card never leaves your hand when you make a payment. You have to be extremely close to the reader to make a purchase, so there's no risk of accidentally purchasing anything as you walk past a reader. You're only ever charged once, even if you accidentally tap your card twice.
Your card is protected by Mastercard's Zero Liability Policy, so you're not liable for any unauthorised fraudulent transactions. If you think your card has been used without your authorisation, call us as soon as possible on 0800 521 521 or +64 4 473 1133 from overseas.
Mastercard is the registered trademark of Mastercard International Incorporated. Kiwibank’s lending criteria, terms and conditions, and fees apply. See all credit cards terms and conditions (PDF 258.9 KB). Contactless and Tap & Go are trademarks of Mastercard International Incorporated. Fees effective as at 1 April 2016.