ANZ Business 55 Interest Free Days Credit Card

ANZ Business 55 Interest Free Days Credit Card

Highlights

  • $0 annual fee on the first year ($150 p.a. thereafter).
  • Up to 55 days interest-free on purchases when you pay your account in full each month.
  • Take advantage of free additional cardholders.

Pros and cons

Pros

  • Up to 55 days interest-free.
  • No annual fee for the first year.
  • Give employees a card each while maintaining control over their spending.
  • Integrates with popular accounting software for easier bookkeeping.
  • Works with most popular digital wallets.

Cons

  • No travel insurance or concierge services.
  • No rewards program or sign up bonus.
  • After the first year, there's an annual fee of $150 p.a.
  • The 3% foreign transaction fee.

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The Basics

  • Additional cardholders. Add staff as cardholders, each with their own monthly spending cap, transaction limit, and merchant category controls so they can't use it at unauthoried suppliers/stores.
  • Digital wallets. You can use this card with Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. Gambling transactions are not blocked as standard, but will be treated as cash advances.
  • Integrations. Works with popular accounting packages, such as Xero, MYOB, and QuickBooks.

Rewards and benefits

  • Complimentary travel insurance. Complimentary international travel insurance is not available with this card.
  • Concierge services. Being a no-frills card, access to a 24 / 7 concierge service is not available.
  • Insurances. This card comes with fraud protection and unauthorised transaction insurance against unauthorised card use up to the value of $37,500 per cardholder (with a maximum of $200,000 per annum).
  • Rewards points. This credit card does not have a rewards program.
  • Sign up bonus. There is no sign up bonus for this card at this time.

Rates and fees

  • Annual fee. The first year is free, reverting to the ongoing annual fee of $150 p.a.
  • Balance transfers. There is currently no balance transfer offer for this card.
  • Cash advances. If you use this card for a cash advance, or a transaction classified as a cash equivalent, ANZ will immediately apply the 19.24% p.a. interest rate. In addition to the interest rate, ANZ will charge a one-off fee to process the cash advance.
  • Foreign exchange fee. Purchases made while overseas or with online stores based overseas stores will incur a 3% foreign transaction fee.
  • Interest-free period. You'll get up to 55 days interest-free on purchases (except cash advances) when you have paid your previous balance in full or made the minimum required payment.
  • Purchases. There is currently no introductory offer on purchases. Any purchases made with this card will attract interest at the rate of 17.74% p.a.

Nilooka Dissanayake

Reviewed by Nilooka Dissanayake

Writer

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