Mastercard® BusinessCard

Give your employees the flexibility to pay for work-related expenses on a credit card, while gaining a complete overview of their activities. 

Key features

Keep control, reduce costs, increase efficiency

• Ensure your employees can always pay their way, wherever they are. Mastercard is accepted at over 38 million locations worldwide.

• Minimise misuse. Set controls on individual cards that determine how, where and when cards can be used.

• Reduce the cost of processing with an online Expense Management System of your choice, or have your transaction data delivered directly into your internal accounting/finance system.

• Manage expenses electronically and help minimise interest costs.

Customise every card

• You can customise your card design to reflect your corporate identity (a minimum print run and fees apply).

Expense Management Systems

Integrate your Mastercard BusinessCard facility with an expense management system (EMS) for a powerful business solution. Using leading web-based reporting, an EMS gives your business additional control, more comprehensive reporting and better management over daily expenditure.

Enhanced business spending oversight

Your transaction data is delivered to your chosen EMS, giving you:

• Increased visibility of, and accountability for, transactions.
• Enhanced reporting functions that highlight potential problems.
• Exception reporting to manage card usage.

An EMS to suit your business

Integrate your Westpac Mastercard BusinessCard with virtually any EMS, including (but not limited to):

• Smart Data Generation 2 (Business or Corporate versions)
• Fraedom
• Concur
• Pro Master

Alternatively, your transaction data can be delivered directly to your accounting or finance system such as SAP, Oracle, TechnologyOne or MYOB.

Talk to your Westpac NZ Relationship Manager or call us on 0800 888 111 to ensure your business credit cards and EMS are the exact fit for your business. 

Purchase Profile®

Admin, simplified. Control the use of multiple credit cards and have an up-to-date view of spending with Westpac's Purchase Profile®.

Purchase Profile is an effective, quick and low-cost tool available with Mastercard BusinessCard®. It lets you apply spending controls to individual employee cards, and determine how when and where cards can be used. Manage it all in real time, online.

See how Purchase Profile works 

Five ways to help you keep purchases under control

1. Spend controls. Real time controls can be set at card and transaction levels. This makes spending policies easier to enforce, and helps you delegate spending responsibilities with greater peace of mind. It also helps with budgeting and fraud control.

2. Email alerts. You can pre-set email alerts, so your administrator receives a notification if individual card use exceeds pre-defined controls.

3. Transaction blocking. Define what your employees can and can’t use their credit card for. If a card has been used for an unauthorised purchase a notification email will be sent to your business. You have the option of declining any transaction that falls outside your pre-set criteria, or simply being informed after the transaction has been processed.

4. Online self-service portal. With 24/7 online access, Purchase Profile is simple to use, quick to implement and gives you greater visibility of employee spending.

5. Reports. Online reports provide you with a highly detailed view of card usage. Track credit card spending, adjust controls and manage cash flow and budgets more efficiently.

Already a Westpac Mastercard BusinessCard customer?

If you’ve made at least one transaction on each of your Mastercard BusinessCards, you can set up Purchase Profile online now.

Set up your Purchase Profile account 

Rates and Fees

Interest rates for your MasterCard Business Card

MasterCard Business Card Account - Interest rates
CardInterest rates
Retail purchases
full payment of all outstanding monthly balances to be paid made by direct debit on due date
0.00% p.a.
Cash advance rate
Cash advances on all Westpac credit cards, excluding those on Portfolio pricing.
22.95% p.a.

Fees for your MasterCard Business Card

For up to 25 cards, you pay $50 per card per year.  If you require more than 25 cards, please contact your Westpac relationship manager.  If you don’t have a relationship manager, or you’re not currently a customer of Westpac, please contact a Business Manager for more details.

MasterCard BusinessCard - Fees
Fees on this page are current as at 25 March 2017 and are subject to change. Some overseas banks may charge an extra fee for a cash advance.
Fee descriptionFee amount
Annual fee (up to 25 cards) $50 per card, p.a.
Purchase Profile $6 per card, p.a.
Cash advance in NZ using a Westpac ATM
$2 per transaction
at other bank ATMs $2 per transaction
Westpac branch teller $3 per transaction
Cash advance overseas using Global ATM Alliance ATMs Transaction fees do not apply when using ATMs within the Global ATM Alliance in the respective country shown. Institutions participating in the Global ATM Alliance are subject to change but currently include Deutsche Bank (Germany), Bank of America (United States), Scotiabank (Canada), Barclays Bank (United Kingdom), BNP Paribas (France), Westpac (Australia) and Westpac (New Zealand).The NZ$3 international transaction fee saving applies to Westpac customers only, and is subject to change. All other international and standard fees apply including foreign currency conversion fees apply – see the  <a href="http://www.westpac.co.nz/assets/Personal/Your-Money-and-Tailored-Packs/Brochures/transaction_service_fees.pdf" target="_blank">Transaction and Service Fees brochure</a> or <a href="http://www.westpac.co.nz/assets/Personal/Your-Money-and-Tailored-Packs/Brochures/business_transaction_and_service_fees.pdf" target="_blank">Business Transaction and Service Fees brochure</a> for details. $0
using other ATMs or at bank branches Note: An ATM service fee may be charged by the ATM provider. NZ$3 per transaction
Replacement card
where original card is lost, damaged or stolen
$15 per card
Courier delivery in NZ/overseas Courier costs where applicable 
Foreign currency fee When you use your Westpac credit card to make an overseas transaction, you'll pay a foreign currency fee. This is currently 2.5% of the New Zealand dollar converted value of the foreign currency transaction amount. A foreign currency conversion fee is applied to purchases, cash withdrawals and any fees and charges in a foreign currency incurred by you from the overseas merchant or merchant bank for that transaction. 2.50% of NZD converted value of foreign currency transaction amount