An ANZ Lodged Purchasing Card Facility makes purchasing from your key suppliers easier. It’s a virtual card that is lodged with approved suppliers, so there’s no need to provide card details when purchasing goods and services. It complements your existing credit card programme and helps you streamline, simplify and control your business to business spend.
Features and benefits
More control over your business spend- moving your key business supplier expenses to a Lodged Purchasing card, gives you more control over your business related expenditure, including the ability to standardize your spending policy.
Easier administration and analysis - individual monthly statements for each facility. The card is also compatible with Expense Management and ERP systems (e.g. Fraedom).
Improved cash flow - flexible billing cycle date options and up to 40 interest-free days on purchasesdisclaimer allowing you to negotiate terms with key suppliers.
Insurance benefits - Liability Waiver Insurance automatically protects your business against unauthorised transactions by Authorised Usersdisclaimer.
Greater flexibility- you can choose to assign one key supplier per facility, multiple suppliers or have a facility for each supplier spend group – we’ll make it work for you. We provide two cards per Lodged Purchasing Card facility, ensuring continued business operation should the Primary card need to be cancelled for any reason.
Rates and fees
Interest rate on purchases
Interest rate on cash advances
$35 yearly Fee is charged on first statement and then yearly after that date.
*Important notice: to help support buinesses through the Coronavirus (COVID-19) pandemic, a purchase interest rate and a cash advance rate of 9.95% will apply between 1 April 2020 and 30 June 2020 for all ANZ Visa Business cards.
This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. An ANZ Authorised Financial Adviser will, on request and free of charge, provide you with his or her disclosure statement prepared under the Financial Advisers Act 2008. If you wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296.
Excludes cash advances and cash equivalent transactions.
Liability Waiver Insurance is brokered by JLT Specialty Ltd and underwritten by Lloyds of London. Terms, conditions and exclusions apply. For details, including how to make a claim, refer to the Visa Corporate and Visa Purchasing Card Guide - Conditions of Use in Section 21.