MasterCard® BusinessCard

If your employees need to make work-related purchases, and if you’re looking for a complete overview of these costs while striving for more efficiency in how they’re processed, then Westpac’s MasterCard BusinessCard solution could be the answer.

The result: reduced costs and increased peace of mind.

Key features

The key features of MasterCard BusinessCard are:

  • Minimise misuse – set controls on individual cards that determine how, where and when cards can be used (e.g. real-time restrictions based on transaction amount, type of merchant, geography, and/or time of day or day of week).
  • 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 reduce interest costs – the monthly balance on your card facility will be paid in full by monthly direct debit from an account nominated by you.
  • Opportunity to customise your card design to reflect your corporate identity (a minimum print run and fees apply).
  • Global acceptance at over 38 million MasterCard merchant locations, giving you and your employees peace of mind that they will not be out of pocket.
Expense Management Systems

When you integrate your MasterCard BusinessCard facility with an expense management system (EMS), you get a powerful business solution.  Using leading web-based reporting, an EMS gives your business additional control, reporting and better management over daily expenditure.

Enhanced visibility of business expenditure

Your transaction data is delivered to your chosen EMS. This gives you:

  • increased visibility of, and accountability for, transactions
  • enhanced reporting functions to highlight potential problems
  • exception reporting to manage card usage.

An EMS to suit your business

Every business has different expense management needs. One of the key benefits of the Westpac MasterCard BusinessCard solution is that you can integrate this 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, MYOB, etc.

An end-to-end service from a superior transactional bank

Westpac is recognised as the number one lead domestic transactional bank in New Zealand#. We have a dedicated design and implementation team to help ensure the solution is the exact fit for your business.

Purchase Profile®

We all know it can be challenging to keep up to speed with employee spending. Wouldn't it be easier if you could control credit card use and have an up-to-date view of spending? Well now you can with Westpac's Purchase Profile® feature.

What is Purchase Profile?

Purchase Profile is an effective, quick and low-cost feature available on our Business MasterCard. It allows spend controls to be applied to individual employee cards and determines how when and where cards can be used. You manage these controls through a 24/7 web-based solution in real time.

How does Purchase Profile work?

Check out our short video to see how our Purchase Profile solution could help your business. And check out the key features and benefits below.

Key Features & Benefits

Purchase Profile provides controls including:

  • 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 can also help with budgeting and fraud control.
  • Alerts – email alerts can be set so that notifications are sent to administrators when card usage breaches pre-defined controls. This helps provide real-time monitoring and enhanced visibility and control or card use.

  • Transaction blocking – pre-set control criteria allows you to decline any transactions that fall outside of those criteria and have a notification email sent to your business, or simply receive a notification email after the transaction has been processed. As well as giving your business improved visibility of and control over, employee spending it helps give you greater peace of mind when delegating spending authorities to employees.

  • Online self-service portal – with 24/7 online access from anywhere that internet access is available, Purchase Profile is simple to use, quick to implement and has real time controls to help give you greater visibility of employee spending.

  • Reports – online reports give you enhanced visibility of card usage in real time. This could help you track spending, adjust controls and manage cash flow and budgets more efficiently.

Already a Business MasterCard customer?

Set up your Purchase Profile account * 

*Before you set up a Purchase Profile account, please make sure you have made at least one transaction on each of the Business MasterCards you would like to register.

Looking for a Business MasterCard?

Apply now 

Peace of mind

Your Westpac MasterCard BusinessCard facility has a number of features to help enhance security. 

  • Complimentary Unauthorised Transactions insurance* cover is included, helping to protect you against unauthorised transactions carried out by cardholders, up to a maximum of $150,000 per facility, per annum.
  • Complimentary Transit Accident insurance* cover of up to $350,000 per incident for injuries sustained by cardholders who booked their travel using their MasterCard BusinessCard
  • Control which cardholders can access cash advances
  • Chip and PIN technology to help make purchases more secure
  • Spend controls apply real-time restrictions on how, where, and when each card can be used.
Rates & 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 30 September 2016 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 $2 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$8 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$8 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