Here are some tips for getting your application ready.
With up to 50 days interest free on purchases, a business credit card offers a convenient way to help manage cash flow and expenses.
Applying for a business credit card may require different information to be provided depending on your type of entity and what type of credit card you apply for. All credit card applications are subject to ASB’s lending criteria.
If you’re already an ASB business customer, just contact your Relationship Manager or call 0800 272 222 to start your business credit card application.
Before opening a business account, both the business entity and all individuals who act on behalf of the business, will need to be identified.
Identification of the business entity
We’ll need some identification to show your business exists and the account is being opened for business reasons, which are different depending on the type of entity.
Common entities include:
We’ll let you know the documents you require when you contact us.
Documents for this could include:
Individuals who will operate a business credit card or the account will need to have their identity and address verified. We’ll let you know the documents required when you contact us but they could include:
The following eligibility criteria applies for all business credit cards:
As part of your application we may need to check your credit history and the credit history of your business. What we need to check depends on what sort of business entity you are and the type of business credit card you are applying for, so we can let you know when you contact us.
A good credit history is important because it helps to show that your business, or you, are financially responsible and able to manage your repayments. It may include previous loans, credit cards and hired equipment.
Visa Business Rewards
If you're applying for a Visa Business Rewards card, individual cardholders must earn over $28,000 per year.
What sort of credit card would suit your business best? Are you looking for a convenient way to pay for purchases, the opportunity to earn rewards or do you need sophisticated reporting and card management for multiple cardholders?
Check out our ASB business credit cards to work out which card might be best for your business.
ASB lending criteria, terms and fees apply.