Business Credit Card rates

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
Purchases 1.358% 16.3%
Cash withdrawals 1.358% 16.3%
Interest-free period
  • Maximum 45 days on new purchases if you pay your balance in full and on time each month.
  • No interest-free period on cash withdrawals.
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:

  • Purchases: from date transaction is added to the cardholder account until paid in full.
  • Cash withdrawals: from date transaction is added to the cardholder account until paid in full.
  • If you repay your balance in full, you will pay interest on cash withdrawals on consecutive statements. The first statement will cover the period from the date the cash withdrawal is added to the cardholder account to the statement date and the following will show interest payable between the previous statement date and the date of your repayment.
Allocation of payments We use your payments to reduce the amount you owe in the following order:
  1. any overdue amounts from previous statements, then
  2. the remaining balance on your statement; then
  3. any recent transactions not yet shown on your statement.

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:
  • Any interest charged in the statement period;
  • Any Default charges charged in the statement period;
  • 1/12th of the annual fees; and
  • 1% of the balance shown in the Statement.

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.

Find out more about our Business Credit CardPDF. Opens in new browser window.

Percentage icon

Compare our tariffs

Work out which tariff is best for you.

Find out moreabout which tariff is best for you.

Percentage icon

Lending rates

Get information on rates and charges for our business overdrafts.

Find out moreabout our Lending rates.

Payments icon

International rates and charges

Take a look at our rates and charges for doing business abroad.

Find out moreabout our International services rates and charges

Rates and charges icon

Rates and charges

Compare easy-to-follow figures on all our rates and charges.

Back to rates and charges

Contact us

On the phone

0345 072 5555Call to speak with one of our relationship managers.

Call to speak with one of our relationship managers. We are available from 8am to 8pm Monday to Friday and 9am to 1pm on Saturday.

 card icon

Business Credit Cards

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.

Find out moreabout our Business Credit Card

Loans icon

Finance selector

A convenient way to help you decide which of our finance options could be right for your business.

Launch selector