Business Visa Credit Cards
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Manage your cash flow
Hume's Business credit card is a great business solution giving you freedom in managing your cash flow.
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| Up to 55 days to pay for purchases made with the credit card |
| Get rewarded with Hume’s loyalty program by earning cash rewards |
| Can be utilised throughout Australia and worldwide |
| Competitive interest rates which can be unsecured, or secured via commercial or residential property |
| Allows you to have a specific credit limit for each cardholder |
| Each card is personalised and will be embossed with the name of the business and the cardholder’s name |
| Comprehensive reports are provided monthly to the business for each card |
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Unsecured |
Residentially secured |
Commercially secured |
| Purchase Interest Rate (p.a.) |
14.75% |
11.35%** |
12.35% |
| Cash Advance Interest Rate (p.a.) |
17.95% |
17.95% |
17.95% |
| Annual Fee |
$40 per account |
$40 per account |
$40 per account |
| Loyalty Joining Fee |
x |
x |
x |
| Spend Hurdle* |
$24,000 |
$24,000 |
$24,000 |
| Loyalty Points |
$1 spent=1 point |
$1 spent=1 point |
$1 spent=1 poin |
| Min Credit Limit |
$5,000 |
$5,000 |
$5,000 |
| Max Credit Limit |
No limit |
No limit |
No limit |
| Interest Free Days |
Up to 55 |
Up to 55 |
Up to 55 |
| Supplementary Cards Available |
y |
y |
y |
Interest rates, fees and charges and other information correct as at 16 January 2012. Interest free days only on purchases for accounts paid in full by the due date. There are no interest free days on cash advances. Loyalty points accrue only on eligible transactions and not on cash advances and BPay payments and provided the card account is conducted satisfactorily. Terms and conditions apply. *The annual fee will be waived if the previous year’s card spend on the account exceeds this amount – cash advances do not count towards this total. **Includes security by way of term deposit. |
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Verified by Visa
Verified by Visa is a free service that is designed to help make it safer to shop online using your Hume Visa credit or debit card.
To register click here
Visa Entertainment
Get exclusive offers from Visa Entertainment as a Visa credit or debit card holder. To register go to www.visaentertainment.com.au
Visa easy payment service
Customers who use their Visa credit or debit card at participating retailers* don’t need to enter a PIN or sign a receipt for purchases under $35. Simply swipe your card to pay for your purchase. To find out more go to www.visa.com.au
| *Participating Australian retailers include McDonalds, Coles Supermarkets, Coles Liquor Group, Kmart, and Coles Express. |
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| We welcome applications from most types of businesses, including sole traders, partnerships, companies and trusts. |
| If you don’t supply us with all the required information we may need to contact you; for example if you don’t include last 2 years full business and personal taxation returns including profit and loss, Balance sheet and Taxation returns. |
| To be approved for a Hume Business credit card, the business must be a customer of Hume. If you are not already a customer, one of our Business Banking Officers will contact you when we receive your application. |
| The business is entitled to up to 55 interest free days on purchases paid in full by the due date. If annual spend on the card exceeds the spend hurdle, the annual fee will be waived. You can also nominate a separate limit for each card, up to the maximum total credit limit for the business. |
| You may nominate up to nine people over the age of 16 to be cardholders. Any cardholder must also be a customer of Hume. |
| You can get a better rate by using your commercial or residential property as security, however establishment costs may apply. |
| You will receive a separate monthly statement for each card |
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Hume’s Loyalty scheme is simple and easy to understand. For every dollar you spend, you will earn one Loyalty point*. You can nominate either your credit card account or a Hume savings account to receive your loyalty points. Loyalty points will be credited to your nominated account every six months at the rate of 500 Loyalty Points to one Australian dollar.
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| * Loyalty points are earned from any purchase by a cardholder, excluding BPay payments, balance transfers, cash advances, fees and charges under a card account, interest charges, government fees and charges and unauthorised purchases for which you are not liable. |
Verified by Visa is a free service that is designed to help make it safer to shop online using your Hume Visa credit or debit card at participating merchants.
All customers who shop online at participating Verified by Visa merchants using a Hume Visa card, will need to provide a password as part of the checkout process.
By having a Verified by Visa password, you are protecting your card from fraudulent use on the internet. This protection is similar to entering your PIN at an ATM.
Verified by Visa is a free service that provides extra protection when you shop online at Verified by Visa merchants using your Hume Visa card.
To enrol for Verified by Visa click here |
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You can activate your Visa credit and debit cards via iBank or by calling 1300 004 863.
- Log on to iBank via www.humebuild.com.au
- Select the menu “Other” and “Activate Card”
- Enter card number and expiry date via a scrambled PinPad
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You can choose to sign or use a PIN when making purchases with your Hume Visa card. By entering a PIN, you can make purchases quicker and easier.
Pen: You can sign to pay for your credit card purchases. You will be given a receipt to sign, and the signature on your card is checked against the one on your receipt.
PIN: You can use a PIN on your credit card which is similar to the way you use a PIN on your cashcard or debit card for transactions. It’s just an alternative form of identification to your signature.
When using EFTPOS, instead of pressing the ‘Credit’ button and signing, you can enter your PIN and press ‘Enter’. The transaction electronically processed and if approved, is complete.
If you are travelling overseas, make sure you have a PIN before you leave as it may be required in some countries to complete transactions.
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If you have forgotten your PIN call us on 1300 004 863 or visit any Hume branch. You can change your PIN at any time at the following Hume branches:
- Head Office
- Wodonga Plaza
- Lavington
- Wangaratta
- Corowa
- Baylis Street, Wagga Wagga
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- Sign your Cashcard or Visa card immediately when you receive it
- Always check any ATM or Eftpos machine you use for evidence of tampering – very discreet skimming devices can record your card number
- Always cover your PIN when at an ATM
- Keep your card and PIN separate at all times
- Do not record your PIN on, or with your card
- Do not disclose your PIN to anyone
- Do not allow anyone else to use your PIN or card
- Do not let anyone else see your PIN Register your Hume Visa card for Verified by Visa
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| Please call us on 1300 004 863 or visit any Hume branch to order a new card and PIN. |
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Regular payments can be either a recurring payment or an instalment payment. A Regular Payment represents an agreement between you (the cardholder) and a merchant in which you preauthorise the merchant to bill your credit card account at predetermined intervals (e.g. monthly or quarterly) or at intervals as agreed by you. The amount may differ or be the same for each transaction.
For example: You may ask your local gymnasium to charge your monthly gym membership fee to your credit card each month.
Or,
You may have purchased a new television from your local appliance store and are being billed by the merchant in subsequent multiple periods.
What are the benefits of Regular Payments?
There are many benefits for cardholders who set up regular payments including:
- Ensures timely payments to the merchant
- Saves you time as the payment is processed automatically
- Saves you money as you do not have to pay for cheques, money transfers or postage, nor will you be liable for late fees.
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Regular payment arrangements are an agreement between you (the cardholder) and the merchant. You should keep a record of all regular payment arrangements you have established with your merchant and store in a safe place. A template for recording your regular payment arrangements is available here.
You are responsible for notifying the merchant when your account details change, including a change in credit card number and/or change of credit card expiry date. Until you notify the merchant, your bank is required to process transactions from the merchant.
Use this document to generate a Change in Account Details letter to your merchant. We recommend you keep a copy of any Change in Account Details letter sent to your merchant and your earlier regular payment agreements. This correspondence will be required when your merchant does not comply to your request in a timely manner and you decide to dispute any incorrectly charged regular payments.
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| Any issues with your regular payments, including the failure of the merchant to act on a change in account details advice, should be taken up directly with your merchant first. Should further assistance be required to resolve an issue between yourself and a merchant, contact Hume for more information. |
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In some circumstances, the rules of the Visa card scheme may entitle you to request a reversal (chargeback) of a transaction if you have a dispute with the merchant about it – refer to the Conditions of Use for credit cards and Product Disclosure Statement for accounts with Visa Debit card access for more information. However, the chargeback rights may not apply for certain payments (e.g. BPAY payments) made from your card account.
Please call us on 1300 004 863 for further information.
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Conditions of Use
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A Business Credit Card Key Facts Sheet contains standard product information about Hume Business credit cards.
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Terms, conditions, fees, charges and lending criteria apply (available here). Cards available to approved applicants only. Guarantees may be required from directors, partners or officers of the business.
Please read the Product Disclosure Statement, and Fees & Charges brochures (available in branch, by phoning 1300 004 863 or here) and consider whether this product is right for you.
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