Westpac Airpoints Business Mastercard Credit Card

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The Westpac Airpoints Business Mastercard is a business rewards credit card that allows you to earn 1 Airpoints Dollar for every $85 on eligible business spend, plus it comes with other benefits such as Up to 35 days of overseas travel insurance, purchase protection of up to 90 days, discount on 12-month Air New Zealand koru membership, extended warranty on purchases, and you earn one Status Point for every $225 you spend on eligible purchases. For all these benefits, the Westpac Airpoints Business Mastercard charges an annual fee of $145 p.a.

Rewards Points Cash Equivalent

$100 spend earns you $1.176 NZD cash-equivalent^.

^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases reward points cannot be redeemed for cash directly. See below to find out how the estimate was calculated.

Points Cash Equivalence Calculation

If 1 Airpoints Dollar equals $1 NZD when redeemed with Air New Zealand or through the Airpoints store, and every $85 spend earns you 1 Airpoints Dollar then $100 spend earns you (100/85) = $1.176 Airpoints Dollars or $1.176 cash-equivalent.

Key Features

Purchase Rate: 20.95%
Cash Advance Rate: 22.95%
Balance Transfer: Unknown
Annual Fee: $145.00
Interest Free Days: 44 days
Minimum Repayment:
Card Reward Details:
Credit Limit:
Other Fees: $25 for each additional cards

IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.

Westpac Airpoints Business Mastercard Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the Westpac Airpoints Business Mastercard Credit Card to help you decide.

Pros

Earn 1 Airpoints Dollar™ for every $85 spent on eligible business purchases
Earn one Airpoints Status Point for every $225 you spend on eligible business purchases.
Extended Warranty Insurance of 12 months for goods purchased on your card, plus 90 days Purchase Protection that could cover loss, theft or accidental damage.
Discounted on 12-month Air New Zealand Koru membership
Complimentary overseas travel insurance for up to 35 days

Cons

Travel Insurance only limited to 35 days of travel
Does not offer the best Airpoints earn rate. The Amex Airpoints Platinum Card offers a better earn rate
Has a high Annual Fee of $145 but this is offset by the many benefits offered
2.5% foreign transaction fee

Is the Westpac Airpoints Airpoints Business Credit Card right for You?

Deciding if the Westpac Airpoints Business Credit Card suits your needs depends on your bussiness spending habits and business needs. This card offers several benefits, but it may not be the best fit for every business. Here are some considerations to help you decide.

Frequent Travelers

If you or your employees travel often for business, this card could be a great match. You can earn Airpoints Dollars and Status Points on every businsess purchase made with your card, which can be redeemed for flights and other travel-related expenses. Additionally, the card offers complimentary travel insurance and Koru membership discounts, making your trips more affordable and convenient.

Regular Spenders

For businesses managers who use their credit card for a lot of expenses, the Westpac Airpoints Business Credit Card provides a good opportunity to earn rewards on regular spending. With up to 44 days of interest-free purchases, you can manage your finances more effectively while earning Airpoints Dollars.

Alternative Options

While the Westpac Airpoints Business Credit Card has many perks, it's a good idea to compare it with other credit cards to ensure it meets your needs. Consider factors like annual fees, interest rates, and additional benefits. Other cards might offer better rewards or lower costs, depending on your spending habits and financial goals. You can compare all Credit Cards with Airpoints in New Zealand by following the link provided.

Eligibility Criteria:

To be eligible for the Westpac Airpoints Business Credit Card, you must meet the following requirements:

Manage or own a business
Be at least 18 years old.
Have a good credit history and not have applied for multiple credit cards recently.
Be a permanent resident or citizen of New Zealand.
Have your personal details ready to complete the online application.

Documents:

In general the following documents are usually required for credit card applications.

Proof of Income

One of the following:

your most recent payslip or salary notice
copies of bank statements that show your pay or salary deposits
a letter from your employer confirming your income
an Inland Revenue Department (IRD) “summary of earnings” notice.

If you’re self-employed, you must supply:

signed financial statements for the past two years
a signed personal Statement of Financial Position
your personal tax return.

Proof of Identity:

A copy of one or two items from List 1. If you provide only one item from List 1, you must also provide one item from List 2.

List 1:

Current passport
New Zealand drivers licence
18+ card
Photo Credit Card

List 2:

Most recent bank statement
Debit card
Credit card
Community services card
Club or society card.

How to Apply for Westpac Airpoints Business Mastercard Credit Card

Applying for the Westpac Airpoints Business Mastercard Credit Card is straightforward. Follow these steps:

Click on the apply button above or below to visit Westpac's website.
Fill in the online application form with your personal and financial details.
Submit the application and wait for a confirmation email.

Approval Timeframe

Once you have submitted your application, Westpac will review it. The approval process typically takes a few business days. You will receive an email notification regarding the status of your application. If additional information is required, Westpac will contact you directly.

The Essentials of Westpac Airpoints Business Mastercard Credit Card

Airpoints Dollars and Status Points

With the Westpac Airpoints Business Mastercard, you can earn Airpoints Dollars and Status Points on your everyday spending. You can then redeem your Airpoints at the Airpoints store.

Complimentary Travel Insurance

When you use your card to pay for travel expenses, you are automatically covered for a range of travel-related incidents. This includes medical emergencies, trip cancellations, and lost luggage, providing peace of mind during your travels. Keep in mind it only covers 35 days of travel only.

Interest-Free Periods

The Westpac Airpoints Business Mastercard offers up to 44 days of interest-free periods on purchases. This means that if you pay off your balance in full each month, you can avoid paying interest on your purchases. This feature can help you manage your finances more effectively and save on interest costs.

Koru Membership Discounts

With the Westpac Airpoints Business Credit Card, you can enjoy discounts on Koru membership. This membership provides access to Air New Zealand's exclusive lounges, making your travel experience more comfortable and enjoyable. Your Koru joining fee is also waived.

Are you interested in an Airpoints Credit Card? Compare ALL Airpoints credit cards on our Airpoints Credit Cards page.

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What is the best credit card in New Zealand?

We've been asked this question a lot so we have compiled our pick of the best credit card in NZ but keep in mind that the best credit card for you depends on your personal circumstance and needs. To find the best credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by popular credit card types as shown below. Use the top menu of the page to select more credit card types.