The Visa Business Card is a flexible, everyday credit card for small to medium businesses
who want to manage cash flow and business-related expenditure.
Note – to be eligible for the Visa Business Card, you must maintain an active Business Current Account
with The National Bank.
Options to suit your business
Choose one of three card options to best suit your business:
- Low Interest Rate – if you’re not likely to pay your account in full each month,
this option could help your business save on interest costs.
- Interest-free Days – improve cash flow with up to 55 days interest free on your
purchases. This gives you up to 25 additional days following your statement, to
repay your purchases without incurring interest.
- CashBack Rewards – receive up to 1% cash back for the first $50,000 you spend on
eligible purchases with your credit card during a 12 month period, and you only
need to spend $2,000 per year to qualify.
Insurance benefits
- Complimentary Visa Liability Waiver Insurance - you will automatically be protected
against unauthorised transactions made by cardholders.*
- Complimentary Extended Warranty insurance - either double the original manufacturer's
warranty or extend it by up to 12 months.*
Other benefits
- Up to nine cardholders on an account and each card can be assigned with an individual
spend limit.
- Global Services - access to traveller and emergency services when you’re travelling
overseas.
- You can transfer your balance
from another bank’s credit card to your Visa Business Card.
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Rates
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Low Interest Rate option
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→ Purchase Rate
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15.20%p.a.
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→ Cash Advance Rate
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20.45%p.a.
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Interest-free Days option
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→ Purchase Rate
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19.95%p.a.
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→ Cash Advance Rate
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22.45%p.a.
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CashBack Rewards option
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→ Purchase Rate
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19.95%p.a.
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→ Cash Advance Rate
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22.45%p.a.
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Interest rates displayed are subject to change.
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Fees
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Standard Fees
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Annual account fee
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→ Low Interest Rate option
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$70 per annum
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→ Interest-free Days option
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$40 per annum
|
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→ CashBack Rewards option
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$95 per annum
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Additional card fee
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→ Low Interest Rate option
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$15 per annum
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→ Interest-free Days option
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$15 per annum
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→ CashBack Rewards option
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$20 per annum
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→ Extended Warranty excess on each claim
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$50
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Optional Service Fees
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→ Currency conversion charge
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2.5% of the $NZ amount
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Includes transactions through the Visa PLUS network.
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Cash Advance Fee
(on credit and debit balances)
|
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In New Zealand
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→National Bank and ANZ ATMs, Online and Phone Banking
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$1
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→ Staff assisted
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$3
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→ Other bank ATMs
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$3
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Overseas
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→ Overseas ATM and staff assisted
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$5.00
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For other charges see
Non-Standard Fees.
CashBack Rewards option
CashBacks reward you for purchases made on your Visa Business Card account. If you
select the CashBack Rewards option, you can receive up to 1% cash back for the first
$50,000 spent on purchases debited to your Visa Business Card account during a 12
month period.
To qualify for a CashBack Reward you only need to spend $2,000 on purchases over
12 months. CashBack Rewards have two earning rates, so your reward depends on your
level of annual spend:
|
Annual Spend
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Reward Rate
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Your Annual
CashBack Reward
|
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→ $2,000 - $7,999
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0.5%
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$10 - 40
|
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→ $8,000 - $50,000
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1.0%
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$80 - $500
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The more you spend (up to $50,000), the more cash back you receive. It's easy to
do. Just use your card for your everyday, business-related purchases.
It's easy to see how many CashBack Points ($1 spent = 1 CashBack Point) you have
earned each month and year to date just by checking your monthly statement. It also
tells you when you'll receive your reward.
Your reward will automatically be calculated and credited to your Visa Business
Card account at the end of each 12 month period, on the date of your next statement
following the anniversary of your first purchase transaction.
Visa Liability Waiver Insurance
With Visa Liability Waiver Insurance your business is automatically protected against
unauthorised transactions debited to a National Bank Visa Business Card account
by a cardholder who is not a Principal.
Your business is covered for up to USD$25,000 per cardholder per annum with a maximum
of USD$1,650,000 per business per annum. The first $100 of each claim is to be met
by your business. This valuable protection adds a further dimension of security
for your business.
Extended Warranty on purchases
Designed to give you peace of mind for big-ticket purchases. When you make a purchase
with your Visa Business Card, you'll automatically receive Extended Warranty cover,
which will either double the original manufacturer's warranty or extend it by up
to 12 months (depending on the length of the manufacturer's warranty).
How our Extended Warranty will benefit you:
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Manufacturer's Warranty
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Extended Warranty
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Total Warranty Period*
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→ 6 months
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6 months
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12 months
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→ 12 months
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12 months
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24 months
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→ 24 months
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12 months
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36 months
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→ 36 months
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12 months
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48 months
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*The total warranty period cannot exceed 48 months.
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Global Services
Global Services is a unique range of 24 hour overseas emergency services available
exclusively to National Bank credit cardholders. They're provided through Travelex
and their partners, with over 110,000 locations throughout the world.
Call Global Services toll-free
or collect from anywhere in the world, any time for assistance.
Services available
- World-wide 24 hour toll free access
- Lost or stolen card reporting
- Emergency card replacement
- Lost passport assistance
- Airline information and reservations
- Foreign currency advice
- Help locating ATMs overseas.
Before you travel, ask for our complimentary Global Services Luggage Tags and Emergency
Card at any National Bank branch. They contain the service numbers to call for Global
Services assistance when you’re overseas.
Business CardSafe CardCover - repayment protection
This low-cost insurance covers your credit card repayments when you can't - due
to illness, accident, redundancy, critical illness, bankruptcy, permanent disability
or death. Your premiums are based on the amount owing at your monthly statement
date, so you only pay when your credit card has a debit balance. You can apply for
Business Cardsafe when you apply for a Visa Business Card
Business CardSafe CardCover is underwritten by CIGNA Life Insurance New Zealand
Limited.
Additional benefits
- Have up to nine cardholders on an account and each card can be assigned with an
individual spend limit.
- Visa Business Card is accepted as a credit card in many countries and millions of
locations worldwide.
- You can load your Business current or savings accounts onto your card to access
them through thousands of ATMs around the world showing the PLUS symbol (Principal
cardholders only).
Visa ATM Locator
- You can transfer your balance
from another bank’s credit card to your Visa Business Card.
More Information
Contact your Business Banking Manager for more information, including fees, charges
and terms. Or call 0800 741 741 and we will put you in touch with the
Business Banking Manager nearest you.