Business Mastercard®

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.

Key features and benefits

  • 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.

How it works

Interest rates and fees

Interest rates are subject to change.

Account fee (every quarter)

$6.25 per card

Interest rates on purchases

Interest rate on cash advances

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:

  • Currency Conv Assessment 1.0%
  • Foreign Currency Txn Fee 0.85%

Replacement or urgent card fee

When you ask us for a replacement credit card

  • $10 per request

In addition, when you ask us for an urgent delivery to a New Zealand address:

  • $25 per request for delivery within the metro areas of Auckland, Hamilton, Wellington, Christchurch or Dunedin; or
  • The applicable courier costs will apply for delivery anywhere else in NZ


In addition, when you're travelling and ask us for an urgent delivery to an overseas address:

  • $52 per request
  • Additional courier costs may apply in some circumstances

Cash advance fee

When you withdraw or transfer money from your available credit card balance

  • Internet banking cash advance: free
  • Domestic cash advance (ATM and over the counter): $1 per transaction
  • Overseas cash advance (ATMs and over the counter at overseas banks and financial institutions): $6 per transaction
  • Emergency cash advance overseas without a card: $52 per request

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:

  • $5 per call to a customer service representative, or
  • $0.50 per call to the automated phone banking system.

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

Apply for a Business Mastercard

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.

Have a Xero or MYOB account?

If you're the director of a New Zealand registered company with two years of Xero or MYOB AccountRight data - applying will be quick.

Apply now

Talk to a business banking specialist

Talk to one of our business banking specialists. They'll let you know what you need to do and what your options are.

Talk to us

Call us

Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas.

  • Mon – Fri: 8am – 6pm

Mastercard Contactless™

  1. How to use it

    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.

  2. Transaction limits

    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.

  3. Security

    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.

  4. Liability

    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.