What is a Business Charge Card?
Manage your employees’ spending by giving them their own contactless Business Charge Card.
Our Business Charge Card offers you a straightforward, flexible way to manage cash flow, stay in control of business expenses and could reduce your bank charges. A Business Charge Card is a short-term borrowing facility up to an agreed overall limit.
Your Business Charge Card balance is paid in full each month by direct debit set up from your Business Current Account. No interest is charged because the balance is paid in full, however you may incur charges on your Business Current Account if there are insufficient funds available. You decide how many cards are issued to your business and apply spending limits to each cardholder (minimum limit per card of £500).
You’ll also be able to take advantage of merchant rebates with Business Savings by Mastercard® , and enjoy additional protection when shopping with Buyers Protection Insurance*.
* To provide you with Buyers Protection Insurance, Lloyds Bank works with Aspire Insurance Advisers, who administer the policy on behalf of Certain Underwriters at Lloyd’s of London.
To be eligible for a Business Charge Card, you must:
- be a sole trader, partner, or director with authority to borrow on behalf of your business
- be aged 18 or over
- be a UK resident
- hold a Business Current Account with Lloyds Bank