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 CBA's 4-6 week approval process and time consuming credit checks on every employee.
What’s more, travel the globe worry-free with Cape’s zero foreign exchange fees. CBA, on the other hand, charges a hefty 3% fee with uncompetitive rates.
Let's dive into how Cape stacks up against Commonwealth Bank of Australia (CBA) and discover which card is the best match for your needs.
CBA, the giant of Australian banks, has always focused on its retail customers. For businesses, their top offering is their range of payment terminals. But when it comes to online and mobile banking for businesses, there's a lot left to be desired. Commbiz anyone? It's like a trip back in time to the early days of the internet. CBA’s business services are essentially the same as what they offer to retail customers.
On the other hand, Cape is specifically 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.
 |  | |
|---|---|---|
Instant approvals |  |  4-6 week application process for Commbiz. |
Free FX | | No. It’s 3% and a non-competitive conversion rate. |
150x higher card limits | | Maximum credit limit of up to $3k on some facilities. There’s also a $300 establishment fee. |
Annual card fee | | $100 to $300 initial annual fee. |
No hidden fees | | Pay an additional $12 for a $1,000 credit limit, $18 for a $2,000 limit or $22 for a maximum $3,000 credit limit per month. $40 per cardholder. |
Employees are credit checked | | Business credit cards are viewed as a personal liability by CBA, hence every employee being credit checked. |
Spend controls | | No. If you want to add this onto your account it costs an additional $600 as an establishment fee & an additional $120 per annum per accountholder who gets to access these controls. |
Merchant categorisation controls | | |
Accountant specific role to access your account to manage general bookkeeping | | |
Receipt scanning and management | | |
Email support | | |
Live chat support | | |
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 2-3x higher limits than traditional cards, 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 CBA 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 CBA that offers greater visibility over spend? Cape is your solution. With live spending on Cape, you can easily group and delegate spend across your organization 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.
