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So that our colleagues can help customers most in need, some Telephone Banking services are temporarily unavailable. Find out more.

 

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)

    APR

    Interest rates

    Typical 22.4% APR (variable)

    Monthly rate

    Annual rate

    APR

    Purchases

    Typical 22.4% APR (variable)

    1.358%

    16.3%

    APR

    Cash withdrawals

    Typical 22.4% APR (variable)

    1.358%

    16.3%

    APR

    Interest-free period

    Typical 22.4% APR (variable)

    • 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.
    • 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.

    APR

    Interest charging information

    Typical 22.4% APR (variable)

    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.

    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.

    APR

    Allocation of payments

    Typical 22.4% APR (variable)

    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.

    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.

    APR

    Minimum repayment

    Typical 22.4% APR (variable)

    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.

    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.

    APR

    Business credit limits

    Typical 22.4% APR (variable)

    Minimum business credit limit £1,000. Maximum business credit limit £10,000 subject to status.

    Minimum business credit limit £1,000. Maximum business credit limit £10,000 subject to status.

    APR

    Fees

    Typical 22.4% APR (variable)

    £32 per card per year.

    £32 per card per year.

  • Cash withdrawals

    2.5% handling fee, minimum £2.50

    Cash withdrawals

    Copy of statements

    2.5% handling fee, minimum £2.50

    £6 for a copy of a non-current statement

    Cash withdrawals

    Copy of Transaction Receipts

    2.5% handling fee, minimum £2.50

    £5 per item (there will be no charge if your query reveals an error has been made)

    Cash withdrawals

    Default charges

    2.5% handling fee, minimum £2.50

    £12 for late payments, returned payments or if you exceed your business limit

  • Payment scheme Exchange rate

    Payment scheme Exchange rate

    Non-Sterling transaction fee

    You can find indicative rates at https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html

    2.95% of the amount of the Sterling transaction value

    Payment scheme Exchange rate

    Non-Sterling cash fee

    You can find indicative rates at https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html

    2.5% (minimum £2.50)

  • Late payment fee

    £12

    Late payment fee

    Business limit exceeded fee

    £12

    £12

    Late payment fee

    Returned payment fee

    £12

    £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 Card

  • Compare our tariffs

    Work out which tariff is best for you.

     

    Find out more

    International rates and charges

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

     

    Find out more

    Lending rates

    Get information on rates and charges for our business overdrafts.

     

    Find out more

    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 5555

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.

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 more

Finance selector

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

 

Launch selector

Important Legal Information

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.

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.

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.

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.

Cashpoint® is a registered UK trademark of Lloyds Bank plc.
PhoneBank® is a registered UK trademark of Lloyds Bank plc.