Royal Bank of Scotland Business Banking | Business Credit Card

Business Credit Card

For start ups & businesses with turnover up to £2m

Tell us if your card has been lost or stolen
Lost your card or had it stolen?

Account holders in Scotland:

0370 6000 459 (Minicom 0370 6000 459)  or if you're overseas +44 1268 500 813
Lines are open 24/7

Account holders in England & Wales:

0800 0564 386 (Minicom: 0800 0681 289) or if you're overseas +44 1183 732 674
Lines are open 24/7

Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariffs

  • To apply you must be a UK resident aged 18 or over.
  • Your registered business address must also be in the UK, Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in one of those jurisdictions. 
  • The Royal Bank of Scotland Business Credit Card is for UK businesses only. Subject to status, for business use only

Flexible short term funding:

If approved, get up to 45 days interest free on purchases if you pay your balance in full. Additionally, choose how much to repay each month, subject to minimum repayment (but remember, paying the minimum payment means you'll incur interest and it will take you longer to repay. We always recommend paying the full balance if you're able to).
 

Control your spending:

Our two online tools can help you stay on top of your business spend. With Cards OnLine you can check your account in real time and Smart Data OnLine lets you set up a range of reports to analyse your business spending.
 

Secure online shopping:

Make online purchases in the knowledge that Royal Bank of Scotland Secure is there to help protect you against online fraud.

Travel accident insurance:

Receive up to £50,000 worth of cover automatically if you pay for overseas business travel using our Business Credit Card.

(Subject to conditions and exclusions - for more information, see our policy wording. Travel Accident Insurance is underwritten by ACE European Group Limited)

 

Just starting out? For new businesses we will waive the annual fee of £32 for the first year you have the card!

Important information Rates & Charges

The information contained in the below table summarises key product features and is not intended to replace any Terms and Conditions.

It includes important details about the interest rates related to your card, the fee of the credit card and any charges that may be associated with our Business Credit Card.

Accordion

Icon expand Read our Business Credit Card rates and charges information

 

Purchase APR

Representative 23.2% APR (Variable)

Interest rates

 

Monthly rate

Annual rate

 

Purchases
Balance Transfers
Cash Advances

1.408%
1.408%
2.075%

16.9%
16.9%
24.9%

Interest-free period

Maximum 45 days for purchases if you pay your balance in full and on time. No interest-free period on balance transfers and Cash Advances.

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 will be as follows:

 

 

From

Until

 

Purchases
 



Cash Advances



Balance Transfers

Date debited to your account


Date debited to your account

Date debited to your account

Paid in full or the date of the first statement you pay in full and on time if that is sooner

Paid in full



Paid in full

Fees

Annual Card Fee (for each card issued) £32

For further details, please refer to your Business Credit Card Agreement (section E and G) and the Business Card General Terms

Allocation of payments

If you do not pay off your balance in full, the payments are applied towards the repayment of the items on the Business Account in the following order:   

• Cash advances and any applicable interest, fees or charges;
• Purchases and any interest, fees or charges attracting the same interest rate as purchases (shown on any statement);
• Balance transfers;
• Special Offers and any applicable interest or charges attracting the same interest rate as that special offer;
• Purchases and any applicable fees or charges attracting the same interest rate as purchases (not yet shown on any statement);
• Over limit fees, administration fees or other fees which it may apply to the Business Account because the customer is in breach of the agreement.
For further details, please refer to your Business Credit Card Agreement (section D) and the Business Card General Terms.

Minimum repayment

5% or £5, whichever is greater

If you only make the minimum payment it will take longer and cost more to clear your balance.

Credit Limit

Minimum credit limit £500
Maximum credit limit subject to status.

Charges

Cash Advance Handling Fee: 3%, minimum £3
Foreign currency transactions (including purchase of foreign currency and travellers’ cheques)
2.95% non-sterling transaction fee. For further details see here for a comparison of using your cards abroad.
For further details, please refer to your Business Credit Card Agreement (section G) and the Business Card General Terms.

Default charges

Over limit fee: £12

Administration Fees:

  • £12 if your Minimum Payment is not received by the due date

  • £12 if a payment to your credit card is returned unpaid
See how you can manage our Business Credit Card
Accordion

Icon expand Regular statements

Keep track of your Business Credit Card spending with detailed monthly statements.

These handy guides below show you more useful information about Business Credit Card statements:

Making payments
MasterCard Business Credit Card Statement (PDF 117KB)
Visa Business Credit Card Statement (PDF 117KB)

Accordion

Icon expand Cards OnLine

You can access the latest activity on your Business Credit Card such as balance information, transactions and card limits securely and in real time with our useful online management system.

Find out more about Cards OnLine

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Icon expand Smart Data Online

Track your business expenses and set up a range of reports to help you check, analyse and control your business spending.

For more information download the Smart Data user guide (PDF 732KB)

Login to Smart Data OnLine

Accordion

Icon expand The differences between Cards Online & Smart Data Online

 

  Cards OnLine Smart Data OnLine

View up to 13 months’ statements online

Yes
No

View up to the minute balance and payment due information

Yes No

View transactions online

Yes (up to 13 months)

Yes (up to 24 months)

Build and run reports which can be integrated with accountancy software

No
Yes

Set up spending alerts that warn you when you’re near your credit limit

No
Yes

Download reports including merchant and cardholder analysis

No
Yes
How do I start an application?
Accordion

Icon expand I already have an existing Royal Bank of Scotland Business Account

Contact us by phone:

Accounts in Scotland:

0345 600 2230
(Minicom: 0800 404 6160)
Lines are open 24/7


Accounts in England & Wales

0345 307 0900

(Minicom: 0800 068 1289)

Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariffs

Download our application forms
(Adobe Reader required)

To help complete the application forms it will be useful to have the following information to hand:

  • Details of your income and expenditure
  • Your existing bank or building society details
  • Then select the correct legal entity for your business:

Once completed you will need to return the form to your Relationship Manager or Business Manager team.

If you're not sure who they are, give us a call on:
0345 301 6264  (Minicom: 0370 154 1192)

Lines are open Mon - Fri 8am to 6pm & Sat 9am to 1pm and calls may be recorded. Call charges from residential, business and mobiles vary, depending on your telephone operator's tariffs

Limited Companies & LLP's
(up to 2 card holders)
Sole Traders & Partnerships (up to 2 card holders)



Please refer to your Relationship Manager or Business Manager Team if your application is for a Charity, Club, Society or Association or if more than 2 cards are required.

They can then help you proceed with the correct application forms in these circumstances.

 

Accordion

Icon expand I don't have an existing Royal Bank of Scotland business account

Contact us by phone:

Accounts in Scotland:

0345 600 2230
(Minicom: 0800 404 6160)
Lines are open 24/7


Accounts in England & Wales

0345 307 0900

(Minicom: 0800 068 1289)


Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariffs

Need any more help?
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