Business Cashback Credit Card

A rewarding way to manage your business spend

Business Credit Card

What you can get

  • 1% cashback on all business spend with no cap
  • No foreign transaction fees on purchases abroad when paying in the local currency
  • Additional cards available at no extra cost to your £30 annual account fee
  • Control the amount each additional cardholder can spend
  • No interest charged if balance paid off in full and on time each month

Eligibility

  • You're either a sole trader or your business is a partnership, limited liability partnership or private limited company with no more than 2 partners, members or directors (who between them own the entire shareholding)

  • You and all other partners, members, directors or shareholders are aged 18 or over and UK resident

  • Your business is based/registered in the UK
  • Your business doesn't already have a Business Cashback Credit Card
  • All credit is subject to status and credit checks
  • You must use the Business Cashback Credit Card for business use only

Representative example

  • Representative 23.7% APR (variable)
  • Based on £1,200 credit limit
  • Purchase rate 18.9% p.a. (variable)
  • Annual fee £30

 Your actual credit limit will be confirmed if you’re accepted for the card

The annual fee

We don't charge a fee per card, but charge an annual fee of £30. You can also add a card for an employee at no additional cost. We'll charge the £30 annual fee to your card as soon as you activate it and then again each year in the same month you took the card out (this may be different to the month you activated the card).

Coronavirus support

We’re removing the late payment fee on our credit cards from 31 March 2020 until 31 January 2021. From 1 February 2021 it’ll revert to £12.

 

Receiving your cashback

We'll pay the total cashback you earn each month onto your Business Cashback Credit Card and you'll see it on your monthly statement. Read the full cashback terms (pdf)

No foreign transaction fees on purchases abroad

Use your Business Cashback Credit Card abroad and you won't be charged any non-sterling transaction fees on purchases when paying in the local currency. We'll convert the foreign currency using the exchange rate set by Mastercard and won't charge a foreign transaction fee (also known as a non-sterling transaction fee). 

Please make sure you choose the local currency option when using your card abroad. If you choose sterling, it means that the retailer will handle the conversion and may charge you a fee. If you make a cash withdrawal when abroad you won't be charged a foreign transaction fee but will be charged interest and a 3% cash transaction fee (minimum £3).

What you also get

Up to 3 additional cardholders. All of the directors/owners and partners must have a card and we can issue a maximum of 4 cards, so - for example - if your business has 2 directors who must have cards, you can have 2 additional cards for other members of staff. You’ll be able to control the amount each cardholder spends by setting monthly spend limits if you’d like to. 

You will be responsible for the use of and payments on the additional cards.

Minimum repayments

You must make at least the minimum repayment each month

Paying your Business Cashback Credit Card

Because you can only use this card for business expenses, payments to your Business Cashback Credit Card shouldn’t be made from personal bank accounts or personal savings unless you’re a sole trader and don’t have a separate business account.

Interest rates

  • Purchases: you'll pay 18.9% p.a
  • Cash transactions: you'll pay 27.9% p.a and a 3% fee (minimum £3) for each transaction
  • You can see a useful summary of all the interest rates in the Summary Box (pdf)

Up to 56 days interest-free credit on purchases when you pay your balance in full and on time each month.

Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You may want to save or print them so you can refer to them in the future.

 

Ways to bank with us

Secure, 24/7 banking. Make payments, view transactions and much more.

  • Online Banking
  • Mobile Banking
  • Contactless: make quick and easy purchases up to £30, wherever you see the contactless indicator
  • Call us on 0800 218 2345. You can check your balance, find out when your next payment is due and more. 

Account alerts

We'll send you alerts when you're near your credit limit to help you avoid fees and to make you aware of certain activity on your account. You can manage your alert settings through Online Banking or by calling us on 0800 218 2345.

Security

For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre

Join an award-winning bank

Business Moneyfacts Awards 2020 Business Bank of the Year
Business Moneyfacts Awards 2020 Best Online Banking Provider