Thumbnail icon for Bank of Melbourne

Bank of Melbourne BusinessVantage

Advertiser disclosure
Purchase rate
9.99% p.a.
Balance transfer rate
No current offer
Annual fees
$55
Interest free days on purchases
55

Mozo editorial review Bank of Melbourne BusinessVantage

Last updated: 15 October 2020.

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What's hot
  • Low 9.99% purchase rate
  • Low $55 annual fee
  • 2020 Mozo Experts Choice Award
What's not
  • 3.00% foreign exchange margin
Mozo snapshot

Looking for some low cost plastic to keep your business running? Introducing the Bank of Melbourne BusinessVantage credit card, winner of a 2020 Mozo Experts Choice Award for Best Low Rate Business Credit Card. With a budget-friendly 9.99% purchase rate and a manageable $55 annual fee, this card is a great pick for everyday spending. 


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Key features

For many business owners, keeping things easy and hassle free is at the top of the priority list. If that sounds like you, then you might want to check out the Bank of Melbourne BusinessVantage credit card. 

This card features a low 9.99% purchase rate and nifty $55 annual fee, plus you’ll be able to pay via Apple, Google or Samsung Pay, or PayID. And like any standard credit card, you’ll have up to 55 interest-free days on purchases.

However, there are a few things to keep in mind with this card, like the 17.15% cash advance rate and $15 late payment fee. And because this is a no frills credit card, there is no rewards program or balance transfer offer. 


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Who is it good for

The Bank of Melbourne BusinessVantage credit card could be a good choice for Aussie business owners looking for a no fuss card that’s low on cost. 


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Any catches

Just keep in mind that if you are planning on using this card for any international purchases, you will be hit with a 3.00% foreign exchange margin.

Details

Rates and fees information correct as at 1 December 2020 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 9.99% p.a.

  • none

  • No current offer

  • none

  • 17.15% p.a.

  • 55

Fees
  • $55.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $2.00

  • $10.50

  • $55.00

Features
  • $10.00

  • 2.0

  • yes

  • none

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Customer Reviews

This product is not currently reviewed.

Bank of Melbourne

About Bank of Melbourne

See Bank of Melbourne business credit cards

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0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

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3.99% p.a. for 6 months and then 8.99% p.a.

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19.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

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$0

No current offer

0.75 points uncapped

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$299 $199 in the first year

100,000

1 point up to $10,000/month, then
0.5 points uncapped

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0.75 points up to $2,500/month, then
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0.5 points uncapped

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1.25 points uncapped

Citi

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Citi Rewards Program

$199 $99 in the first year

No current offer

1 point up to $10,000/month

Bank of Melbourne

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$99 $0 in the first year

No current offer

1 point uncapped

American Express

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Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

Westpac

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0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59

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0% p.a. for 24 months and then 21.49% p.a.

13.99% p.a.

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CUA

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0% p.a. for 20 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

ANZ

ANZ

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0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

20.24% p.a.

$30

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Qantas Premier Platinum

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

19.99% p.a.

$299 $199 in the first year

Qantas Frequent Flyer

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Vertigo

0% p.a. for 24 months and then 21.49% p.a.

13.99% p.a.

$55 $0 in the first year

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2.99% p.a. for 9 months and then 17.99% p.a.

17.99% p.a.

$0

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0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 19.74% p.a.

$99 $0 in the first year

Amplify Rewards

St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Westpac

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Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

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11.99% p.a.

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3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

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11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

NAB

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12.99% p.a.

0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)

$59

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12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

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$58 $0 in the first year

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3.99% p.a. for 6 months and then 8.99% p.a.

$45

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No current offer

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2.99% p.a. for 9 months and then 10.99% p.a. (0% balance transfer fee)

$49

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0% p.a. for 7 months then 19.74% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$99 $0 in the first year

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0% p.a. for 12 months then 18.99% p.a.

0% p.a. for 12 months and then 20.99% p.a.

$0

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0% p.a. for 15 months then 12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

$99 $49 in the first year

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$99 $0 in the first year

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