Business Low Rate Visa
Take care of business with our Business Low Rate Visa. It's the credit card that helps you manage business expenses how and when it suits you. This is big on convenience and control.
Key features & benefits
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Set different spend limits for each cardholder and get a clear breakdown of who's spending what on your statement each month.
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Better manage cash flow with up to 55 interest free days on purchases.
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Avoid errors and save time in reporting by integrating accounting software like MYOB or Xero.
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Protect your business against misuse with Corporate Liability Waiver Insurance.
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Get a decision within minutes with Fast Capital using Xero or a MYOB AccountRight Live subscription.
How it works
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Interest free days
To qualify for up to 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.
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Minimum monthly payments
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.
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Set or change a PIN on your card
You can set or change the PIN on your credit card within the mobile app or internet banking.
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Quick decision with accounting integration
Got a Xero or MYOB AccountRight Live subscription? Link to Fast Capital for a decision within minutes.
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Contactless payment
Use contactless payments to tap for purchases under $200, and tap and PIN for purchases over $200.
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Protection
Your card comes with two types of protection.
- Corporate Liability Waiver Insurance, which protects your business against misuse by an employee or ex-employee.
- Visa’s Zero Liability Policy, which means you won’t be responsible for fraudulent charges or unauthorised purchases made with your card or account information.
Interest rates & fees
Interest rates are subject to change.
Account fee (every quarter) |
$6.25 per card |
Interest rate on purchases and 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 card fee |
When you ask us for a replacement credit card
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Urgent card delivery fee (in New Zealand) |
Courier charge for urgent delivery of a credit card in New Zealand
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Urgent card delivery fee (international) |
Courier charge for urgent delivery of a credit card worldwide
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Cash advance fee |
When you withdraw or transfer money from your available credit card balance Internet banking or mobile app.
Cash advance in New Zealand - ATM or staff assisted.
Cash advance overseas - ATM or staff assisted.
Other banks may charge an additional fee. |
Limits
Maximum amount for cash advance |
The maximum amount that you can withdraw or transfer from your credit card account. $1,000 per day from ATMs (no maximum number of withdrawals per day). $5,000 per day over the counter from banks and financial institutions, and via internet banking (limited to two withdrawals or transfers per day). |
Contactless transactions |
For purchases up to $200 in New Zealand, just tap your card on the reader to make a purchase. For purchases over $200, you can still tap your card, but you’ll need to sign or enter your PIN to complete the transaction. Different transaction limits may apply overseas. |
Apply for a Business Low Rate Visa
Get a decision within minutes using our Fast Capital application by linking your Xero or MYOB AccountRight Live data. Or talk to a business banking expert who can talk through your options.
Have a Xero or MYOB account?
If you're a director of a New Zealand registered company with Xero or MYOB AccountRight Live data - applying will be quick.
Apply nowTalk 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 usCall us
Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas.
We're available Monday to Friday: 8am – 5pm.
We no longer offer the Business Mastercard®. Find out more on our products no longer offered page.