St.George BusinessVantage Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

The St.George BusinessVantage Credit Card

Offering small business owners an efficient way to manage cashflow, the St.George BusinessVantage Credit Card provides up to 55 days interest free on purchases, a low purchase rate and a reasonable annual fee. Accountholders can have up to ten cards on the account, each with individual card limits, with detailed statements provided, outlining cardholder activity.

What we love...

Providing an effective way to manage business spending, the St.George BusinessVantage Credit Card could be a great option for small business owners, providing employees that need it with access to credit. Accountholders can add up to 99 additional cards to the account, each with individual spending limits, to then monitor and manage spending with optional consolidated summaries by department and division.

Unlike credit cards designed for personal use, the St.George BusinessVantage Credit Card offers business liability for accountholders. So, unlike a personal card – and some other business cards – which the accountholder is liable for as an individual, this card allows the business, rather than owners to be accountable for the remaining balance on the facility.

And cost? While the annual fee is pretty reasonable – especially when compared to premium rewards business cards – it is charged per card. So, having a few cards in use probably won’t break the bank, but having the maximum ten cards will be a much more substantial annual payout.

As for interest, the card has a nice low purchase rate, and a reasonable cash advance rate. This may be of interest to accountholders who carry a balance now and then, as it could help to keep interest costs down. However, you can keep interest costs at zero if you are smart with how you use the card. You can take advantage of up to 55 days interest free on purchases when you pay off the "Monthly Payment Balance" listed on your statement of account (not the full closing balance) by the relevant payment due date.

What’s not so great...

The St.George BusinessVantage Credit Card is a fairly basic business card. It gives you what you need to provide employees with access to credit, while you retain sufficient control over the account as the primary accountholder. But that’s about it. If your business would benefit from travel extras such as free hotel stays or overseas travel insurance, or if you want to earn rewards on your business spending, you may want to weigh up your options elsewhere.

Why should you choose this card?

If you want a simple business card that can help keep costs down while easing cash flow, the St.George BusinessVantage Credit Card may be just what you’re looking for. Taking home Money magazine’s 2018 award for Cheapest Business Credit Card by a bank, this card could be a real money saver.

And while it may not be stuffed full of enticing extras, it provides access to Visa’s network around the world, plus handy features like Visa payWave. As the accountholder, you can also benefit from complimentary insurance cover against unauthorised transactions, providing you with peace of mind day to day.

Are you eligible? St.George asks that to apply for the St.George BusinessVantage Credit Card, you must:

• Intend to use the card predominantly for business expenditure,
• Be a permanent resident of at least 18 years of age,
• Have your business registered in Australia

Overall Rating

A simple business card, the St.George BusinessVantage Credit Card offers low cost features such as a low annual fee and a low purchase rate, helping accountholders manage business spending with up to 55 days interest free on purchases and up to ten cards on the account, each with set spending limits.