Cape

Cape offers an all-in-one platform for businesses for corporate cards, payment solutions, and expense management.

Cape credit card

Cape Mastercard Interest-Free Days Business Credit Card

On Cape's website

Highlights

  • Enjoy 30 days of interest-free credit on all purchases.
  • No fee for the first month.
  • Access generous credit limits of up to $500,000.
  • Benefit from 0% foreign transaction fees on international spending.

Pros

  • Add unlimited cardholders at no extra cost.
  • Seamlessly integrate with Xero for streamlined accounting.
  • Quick and easy application process.
  • Enjoy complimentary access to airport lounges worldwide.

Cons

  • Enjoy 30 days APR-free; thereafter, a standard 2.99% fee applies to revolving balances.

Cape gives Australian businesses a single solution for spending and expense management, offering corporate cards for employees, card controls, and access to a line of credit.

It also integrates with accounting software and includes features similar to standalone expense management tools like Webexpenses or SAP Concur.

What is Cape?

Cape is an Australian fintech company providing corporate cards and tools that simplify expense management while reducing unnecessary business spending.

Currently in its beta phase, Cape is backed by angel investors from companies such as Atlassian, Stripe, LegalVision, and Scalare Partners.

Cape plans

Cape’s beta plan includes some of the key features expected in future plans, such as:

  • Corporate cards: Unlimited Mastercard cards for your business.
  • Charge card facility: Up to $100,000 in limits (subject to approval), with fewer restrictions than prepaid cards. Your business will need to pay off balances by the due date on each statement.
  • Foreign exchange and spending:No international transaction fees or margins on FX spending.

Cape plan pricing

The beta plan has no monthly or annual fees. Future plans will have transparent pricing when more features are rolled out.

How to get a Cape plan

You can register your interest by filling out a form on Cape’s website. Cape will provide more details after you apply.

To qualify, your business needs to meet these requirements:

Eligibility

  • Business registration: Must have a valid ABN.
  • Trading history: At least 12 months of trading.
  • Business financials: Revenue of more than $75,000 in the past year, which can be verified by linking your Xero, QuickBooks, or MYOB account.

Details to include

  • Contact details: Your name, email, and phone number.
  • Personal ID: Driver’s licence details to verify your identity and any employees managing the account.

Help choosing a Cape plan

Further help choosing a Cape plan with expert guidance.

  • Pros & cons

Pros

Real-time management tools

Approve spending requests instantly, issue additional employee cards, update limits, and track spending via Cape's platform.

No personal guarantee

Cape underwrites credit for your business, keeping personal and business finances separate.

0% foreign currency fees

Cape doesn't charge international transaction fees, saving you around 2-3% compared to some other business cards.

Charge card facility

You can issue as many Cape cards as your business needs, accepted anywhere Mastercard is, with access to limits up to $100,000.

Cons

Limited accounting integration

Currently only integrates with Xero, QuickBooks, and MYOB. Other software options are still being developed.

Features in development

While key features like budgeting, spend control, foreign exchange, and rewards are listed, not all are fully available yet.

Limited plans

As a newer fintech, Cape currently only offers a beta plan.