Bank of MelbourneBusiness Vantage
A low interest rate on purchases to help manage your business cash flow
At a glance
- Purchase rate
- 9.99%
- Cash advance
- 17.15%
- Interest-free days
- 55
- Annual fee
- $55
- Foreign transaction fee
- 3.00%
How it compares
This credit card in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This credit card | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business credit card purchase rateOngoing purchase rate, not introductory offers | 9.99% | 6.96%Greater Bank's Business Visa Credit Card | 13.49%of 14 institutions | 2nd lowest of 14, level with 2 others |
Rates
Every rate Bank of Melbourne publishes for this credit card, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Cash advanceCash advances | - | - | - | 17.15% | - | Applied to any amount of 'cash' withdrawn from account. (includes physical cash and transfer from account) |
| PurchasePurchase Rate | - | - | - | 9.99% | - | Charged to purchase balances where full closing balance is not paid by due date |
Fees
10 fees published, grouped by when they're charged.
While you hold it1
- Card Fee
Per card.
$55 a year
When you make a transaction3
- Cash Advance Fee3.00% of transaction
- Automatic payment fee
$0 applied once per statement period for each payment dishonoured made under the automatic payment plan.
No fee - Foreign Transaction Fee
3% of the Australian dollar value of any Foreign Transaction.
3.00% of transaction
If a payment is late or fails1
- Missed Payment Fee
$0 applied for each missed payment
No fee
When particular things happen5
- Copy of a deposit or withdrawal form$15
- Copy of a sales voucher$10.50
- Overlimit Fee
$0 applied once per statement period if a transaction is made for an amount exceeding the available credit at the date the transaction is debited to your credit card account.
No fee - Statement Copy Fee
$2 for requests via Phone Banking or Internet Banking and $2 for all other requests
$2 - Card Replacement Fee
Courier costs may apply
No fee
Features
- Easier expense reporting: Detailed statements help to monitor and manage your expenses with optional consolidated summaries by department and division.
- Available for Businesses: Available for many business structures including sole traders, companies, incorporated associations, partnerships and trusts.
- Competitive rates: Enjoy a low rate of 9.99% p.a. (variable) on purchases (new cards only) and 17.15% p.a. (variable) on cash advances.
- We will send you and the Principal a monthly statement at the nominated mailing address (not always on the same day of each month) for the card account. However, we need not send a statement under ce…
- Automatic Payment Plan: If the principal has an Automatic Payment Plan, we debit the payment specified on statement to the account selected for debiting under the Plan. We debit the payment 25 days a…
- Credit card payments can be paid via Phone banking, Internet banking, BPAY.
Eligibility and limits
- Minimum age 18
- Residency: Are a permanent resident
- Available to businesses
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Published by Bank of Melbourne under the Consumer Data Right, last changed by them on 29 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.