Westpac Airpoints Business Mastercard Review

Manage your business expenses while being rewarded with Airpoints Dollars and Status Points.

Using one credit card for both personal and business expenses can make sorting out your accounts a headache for you or your accountant. By using a dedicated business credit card such as the Westpac Airpoints Business Mastercard you can keep your personal and business expenses separate and make expenditure reporting easier. Flexible payment options are available and you can give your accountant access to your transactions.

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20.95% p.a.

Purchase Rate

$145 p.a.

Annual Fee


Minimum Income


Product NameWestpac Airpoints Business Mastercard
Balance Transfer Limit95%
Purchase Rate20.95% p.a.
Interest Free PeriodUp to 44 days on purchases
Min credit limit$500
Minimum Monthly Payment2% of transaction value or $5, whichever is greater
Minimum Income$15,000
Card TypeMastercard
Late Payment Fee$8
Available To Temporary ResidentsNo
Complimentary Travel Insurance Cover35 days
Joint ApplicationYes

Benefits of the Westpac Airpoints Business Mastercard

  • Earn Airpoints Dollars. For every $85 you spend on your Westpac Airpoints Business Mastercard you earn 1 Airpoints Dollar. Airpoints Dollars can be redeemed for a range of rewards including flights, upgrades, travel insurance, Mitre 10 purchases, gifts and merchandise. You can also gift your Airpoints Dollars to friends or family, (subject to terms and conditions).
  • Status Points. For every $225 you spend on your card, you earn 1 Status Points. Status Points allow you to move up the Airpoints membership tiers to receive exclusive Air New Zealand benefits, including upgrades and lounge access.
  • Airpoints for Business. If you join the Airpoints for Business programme, you can earn additional Airpoints Dollars when you fly with Air New Zealand for work purposes or spend at participating business partners.
  • Koru membership discount. The Westpac Airpoints Business Mastercard gives you a discount of $145 off a 12-month Koru membership.
  • Overseas travel insurance. If you use your credit card to pay in advance for overseas travel, you can get travel insurance for trips of up to 35 days. Your family travelling with you may also be covered.
  • Account fee waiver. If you also hold a personal Westpac Airpoints Platinum Mastercard, you don’t pay an annual fee for your Business Mastercard.
  • Purchase protection. When you purchase business assets with your credit card, you have protection for damaged, lost or stolen goods for up to 90 days. You can also extend a manufacturer’s warranty by up to 12 months.

Features of the Westpac Airpoints Business Mastercard

  • Interest rate. The interest rate for purchases is 20.95% p.a. An interest rate of 22.95% p.a. applies to cash advances.
  • Annual account fee. The Westpac Airpoints Business Mastercard has an annual account fee of $145 each year. This is paid in 6-monthly instalments of $72.50.
  • Joint/additional cards. You can request joint or additional cards for up to five people. Each has a yearly account fee of $25.
  • Transfer your balance. If you successfully apply to transfer the outstanding balance of an existing credit card, from another bank, to your Westpac Airpoints Business Mastercard, you pay only 5.95% p.a. on the life of the balance.
  • Mastercard privileges. As a Mastercard holder, you have access to entertainment, retail, travel, and dining offers and experiences worldwide.
  • No international transaction fee. The usual $2 transaction fee is waived when you use a Global Alliance Group ATM.
  • Flexible payment options. Pay your card off in full or 2% of the balance owing. Payments can be made in a branch, by phone, online or you can set up a bill payment, direct debit or automatic payment. You can also give your accountant access to your transaction data.
  • Interest-free days. Get up to 44 days interest-free on purchases when you pay off your statement balance in full each month.

How to apply

To start your application, you can phone 0800 888 111, visit a branch or complete an application form online. You need to provide personal information, income details and your expenses.

Eligibility criteria

  • Be at least 18 years of age
  • Be a New Zealand citizen or permanent resident
  • Have an income of at least $15,000 per year

Required documents

Once you receive approval for your application, you need to verify your identity and income at a Westpac branch.

  • Photo ID: A New Zealand driver’s licence or passport
  • Proof of address: A recent utility bill, government letter or bank statement
  • Proof of income: Westpac recommends that you have three months worth of bank statements

There may be cases where additional documentation is required. Westpac informs you of what you need during the application process.

The bottom line

Before applying for the Westpac Airpoints Business Mastercard, make sure you also compare other business cards so that you choose the right one for your situation. If earning Airpoints is crucial to you, be sure to check out the other Airpoints cards available. You need to be sure that the annual fee ($145) and additional charges are worth paying for the Airpoints Dollars you can earn. Remember that even if you have a business name on your credit card, you are still personally responsible for the credit that Westpac provides you.

Compare other credit cards

Name Product Purchase Rate Annual fee Balance Transfer Rate
Q Mastercard
0% for 3 months (changes to 25.99% p.a.)
0% p.a. for 36 months
0% p.a. for 36 months on balances transferred from eligible personal credit cards until 30 November 2021 - offer applies to new customers only. Plus get 3 months zero interest and zero payments on every purchase.
American Express Airpoints Platinum Card
19.95% p.a.
Be rewarded with 500 bonus Airpoints Dollars when you apply by 29 November 2021 are approved, and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members only. Ts&Cs apply. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
Farmers Mastercard
25.95% p.a.
Get $100 worth of Farmers Club Vouchers when you spend and link your card to a Farmers Club Card - offer is for new applications only and ends on 31 October 2021.
Flight Centre Mastercard
22.95% p.a.
Use your Flight Centre Mastercard for everyday shopping and earn rewards as you spend. Earn 2 Flight Centre rewards for every $100 spent at a Flight Centre Store and 1 reward point for standard purchases. Subject to lending criteria. Ts&Cs apply.
American Express Airpoints Card
0% for 6 months (changes to 19.95% p.a.)
Be rewarded with 100 bonus Airpoints Dollars when you apply by 28 February 2022, are approved and sped $750 on your new card within the first 3 months of membership. This offer is available to new Card Members only.
American Express Platinum Edge Credit Card
2.99% for 6 months (changes to 19.95% p.a.)
Enjoy a low rate on purchases and earn 20,000 Membership Rewards Bonus Points if you apply, are approved and spend $750 in the first 3 months of Card membership. This offer is available to new Card Members only.
American Express Platinum Card
Get the new metal Platinum Card, 80,000 Membership Rewards bonus points, up to $300 dining credit and $200 to spend on travel each year. Offer available to new customers who apply online, are approved and spend at least $1,500 in the first 3 months. Exclusions, Ts&Cs apply.
The Co-operative Bank Fair Rate Credit Card
12.95% p.a.
0% p.a. for 6 months
0% p.a. on balance transfers for 6 months, plus benefit from a low rate of 12.95% on both purchases and cash advances.

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