Business credit cards are a convenient way for companies to make instant purchases online or in-store, provide instant record-keeping, and offer rewards programs. However, with many cards available from various financial institutions, finding the right one for your business needs can be challenging.
Westpac, Australia’s oldest listed company and first bank, offers business credit cards. Established in 1817 as the Bank of New South Wales, it rebranded to Westpac in 1982. As one of the Big 4 banks, Westpac focuses primarily on retail consumers and mortgages but lacks solutions for businesses seeking to automate their company spending, receipt management and accounting.
On the other hand, Cape is specifically designed to be a smart, user-friendly, and cost-effective business credit card solution. From instant approvals to top-notch support and higher card limits, Cape is the standout choice for today’s businesses. Make the switch to Cape and see the difference for yourself.
Picking the right corporate card can transform how you manage your business finances.
With Cape, there's no waiting around. Enjoy instant approvals and start managing expenses immediately versus Westpac's lengthy approval process and time consuming credit checks on every Director.
What’s more, travel the globe worry-free with Cape’s zero foreign exchange fees. Westpac, on the other hand, charges a hefty 2.99% fee with non competitive rates of FX conversion.
Let's dive into how Cape stacks up against Westpac and discover which card is the best match for your needs.
 |  | |
|---|---|---|
Physical corporate card |  | |
2x higher credit limits | Limits up to $500k |  Limits typically up to $250k |
Instant approvals | | Up to 5 days just for the initial application to be reviewed. |
Free FX | | No. It’s 2.99 and a non-competitive conversion rate. |
Simplified cost effective fee structure | | $60 to $295 per cardholder per year. |
Seamless employee onboarding | | Every director has to perform a personal credit check. |
No need to visit a bank branch to prove identity | | |
Seamlessly add employees to your account | | 5-10 Business Days is estimated. Need to download, fill out, sign & send a form via email to request to add every new employee. |
Instantly change the credit limit allowance an employee can access | | No. Download, fill out, sign & send a form via email every time you need to make a credit limit change for employees balance. |
Accountant specific role to access your account to manage general bookkeeping | | |
Merchant categorisation controls | | |
Receipt scanning and management | | Not available on the Westpac App. |
Cape is designed to be a smart, user-friendly, and cost-effective corporate card solution. From instant approvals to top-notch support and higher card limits, Cape is the standout choice for today’s businesses. Make the switch to Cape and see the difference for yourself.
Issue unlimited physical cards with the most widely accepted network in Mastercard. Cape provides a free, global card program with 5x higher limits than Westpac, 0% FX Fee spending, along with incredible rewards. Upgrade to a smarter corporate card today.
Prevent overspending with Cape's advanced card controls. Block spending at merchant categories such as hospitality venues and ATM withdrawals. Whilst ensure precise control over every employee's spending with individual limits that can be created in seconds for optimal financial management.
Admins and employees can see how much has been spent and what’s been purchased in real time — on everything from transfers to card swipes — with our recently updated search feature. Ensure complete transparency and control over your corporate expenses.
Absolutely! Cape’s dedicated onboarding team will get your teams set up in no time. With extensive knowledge of other systems and seamless configuration capabilities, we make migrating your existing solution to Cape a breeze.
Need a little extra assistance? Cape offers 24/7 support to answer any questions you have, with dedicated phone and chat support for admins and bookkeepers.
Cape is designed to help businesses streamline their spend management. With corporate cards, expense management, travel, and spend controls all in one place, it simplifies compliance with policies and spend limits for your employees and gives your finance team more control over spending.
Here's how Cape stands out compared to NAB and other competitors:
Cape lets you establish pre-approved spend limits and policies for booking and managing travel and events. Employees simply log into their account, book flights and accommodations within the assigned budget and policy.
When employees reach their travel destination, they can use their Cape card to expense taxis, dinners, or any other approved expenses within the travel policy with the added benefit of no FX fees. It’s a fully integrated corporate travel booking system — a key reason why finance teams prefer Cape over other options.
Seeking an alternative to Westpac that offers greater visibility over spend? Cape is your solution. With live spending on Cape, you can easily group and delegate spend across your organisation using spending limits.
This provides top-down control to view and manage spending, offering a live comparison of actuals vs budgets. Plus, it empowers employees to spend smarter with built-in policies and controls that automate expenses and enhance compliance.
