The FBT Card is a great solution for those who have funds on their Paywise Living Expenses Card and may not be able to spend these prior to 31 March. It is a Mastercard™ single load Prepaid Card, that can be purchased using your Paywise Card giving you another 12 months to utilise unspent Living Expenses funds (not Meal Entertainment) after 31 March. It is not compulsory.
FBT Cards can be redeemed for Point of Sale purchases, online and in-person at merchants that accept Mastercard Prepaid cards. The card cannot be used at ATMs or for cash out at Point of Sale. This product will operate similarly to your existing Paywise Card, whereby it will follow the allowable merchant categories for Living Expenses
The purchase fee for an FBT Card is $9.94 per card, which includes the delivery (by Australia Post) of the card to your chosen address. Payment will be taken from your Paywise Living Expenses account and you will be provided with a tax invoice for the card purchase.
The maximum balance per FBT Card is $2,000 per card. If you have a larger balance that you wish to convert to FBT Cards, you can purchase multiple cards, however each card will have a cost of $9.94. As it is a single load card, we recommend waiting until your final payment for the FBT Year has been received before purchasing the card.
The funds on the FBT Card will be available for use for 13 months from the order date, which will allow for the delivery of the card and still provide you with a minimum of 12 months to spend your funds.
Once the card is received, you will be able to activate it online, and it will then be available for immediate use.
The offer to purchase the FBT Card is available until 7.00pm AWST / 10.00pm AEDT on 31 March. You will not be able to purchase the FBT Card after this time.
Paywise will communicate with you by email if you are eligible to purchase a FBT Card with steps on how to purchase the card.
The FBT card is not compulsory. Any unspent funds on your Paywise Card as at 8.59pm AWST / 11.59pm AEDT will roll over into the 2024/2025 FBT year (running 1 April 2024 – 31 March 2025) and will subsequently reduce your cap for that FBT year.