Our Business Credit Card is a straightforward way for you to manage cashflow and stay on top of business expenses. Read through the tables below to see how your business will be charged for this service.
The information in these tables summarises key product features and is not intended to replace any terms and conditions.
|APR||Typical 22.4% APR (variable)|
|Interest rates||Monthly rate||Annual rate|
|Interest charging information||
You will not pay interest on new purchases if you pay your balance in full and on time. Otherwise, the period over which interest is charged is as follows:
|Allocation of payments||We use your payments to reduce the amount you owe in the following order:
We use your payments to pay off balances charged at the highest interest rate first and so on down to balances with the lowest interest rates. This means the more expensive balances are always paid off first.
For further details, please refer to your credit card terms and conditions.
|Minimum repayment||You must pay at least the minimum payment every month of the higher of £5 or the total of:
If your outstanding balance is less than £5, you must pay the full amount you owe.
If you make only the minimum payment each month, it will take you longer and cost you more to clear your balance.
|Business credit limits||Minimum business credit limit £1,000. Maximum business credit limit £10,000 subject to status.|
|Fees||£32 per card per year.|
|Cash withdrawals||2.5% handling fee, minimum £2.50|
|Copy of statements||£6 for a copy of a non-current statement|
|Copy of Transaction Receipts
||£5 per item (there will be no charge if your query reveals an error has been made)|
|Default charges||£12 for late payments, returned payments or if you exceed your business limit|
|Payment scheme Exchange rate||You can find indicative rates at https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html|
|Non-Sterling transaction fee||2.95% of the amount of the Sterling transaction value|
|Non-Sterling cash fee||2.5% (minimum £2.50)|
|Late payment fee||£12|
|Business limit exceeded fee||£12|
|Returned payment fee||£12|
Our Business Credit Card is accepted in millions of outlets worldwide, where the Mastercard sign is displayed. Allowing you to withdraw up to £500 a day, it’s a convenient way to cover costs on the go.
Work out which tariff is best for you.
Take a look at our rates and charges for doing business abroad.
Call to speak with one of our Business management team. We are available from 8am to 8pm Monday to Friday and 9am to 1pm on Saturday.
Our Business Credit Card offers you a straight forward, flexible way to manage cash flow, stay in control of business expenses and could reduce your bank charges.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Cashpoint® is a registered UK trademark of Lloyds Bank plc.
PhoneBank® is a registered UK trademark of Lloyds Bank plc.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.