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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) |
|
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APRInterest rates |
Typical 22.4% APR (variable)Monthly rate |
Annual rate |
APRPurchases |
Typical 22.4% APR (variable)1.358% |
16.3% |
APRCash withdrawals |
Typical 22.4% APR (variable)1.358% |
16.3% |
APRInterest-free period |
Typical 22.4% APR (variable)
|
|
APRInterest 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:
|
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:
|
APRAllocation of payments |
Typical 22.4% APR (variable)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. |
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. |
APRMinimum 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:
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:
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. |
APRBusiness 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. |
APRFees |
Typical 22.4% APR (variable)Each card added in the first 12 months of Business Card account opening won’t be charged the first £32 annual fee. After the first year, an annual fee of £32 per cardholder will apply. |
Each card added in the first 12 months of Business Card account opening won’t be charged the first £32 annual fee. After the first year, an annual fee of £32 per cardholder will apply. |
Cash withdrawals |
2.5% handling fee, minimum £2.50 |
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Cash withdrawalsCopy 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 withdrawalsDefault 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 |
You can find indicative rates at https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html |
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Payment scheme Exchange rateNon-Sterling transaction fee |
You can find indicative rates at https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html2.95% of the amount of the Sterling transaction value |
Payment scheme Exchange rateNon-Sterling cash fee |
You can find indicative rates at https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html2.5% (minimum £2.50) |
Late payment fee |
£12 |
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Late payment feeBusiness limit exceeded fee |
£12£12 |
Late payment feeReturned 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.