Business Plus credit card

Earn cashback,
save on foreign exchange
and enjoy a great rate

Get rewarded for your everyday business spending

£70 annual fee per cardholder

Get 0.5% cashback on everything you buy, 2% on eligible trade/business suppliers and 1% on eligible fuel and accommodation. Limited to £400 per year per customer

No foreign transaction fees on purchases abroad

Up to 56 days interest-free credit period on purchases

Credit limit from £500 to £10,000 (subject to status)

 

Representative example

Representative APR

29%
(variable)

Purchase rate

13.9%
p.a. (variable)

Assumed credit limit

£1,200

Annual fee

£70
(for each card)

Interest rate – in detail

The info detailed below summarises key product features and isn't intended to replace any Terms and Conditions.

Our monthly interest rates on purchases and balance transfers are 1.158% and our annual rates are 13.9%

Our monthly interest rates on cash advances are 1.158% and our annual rates are 13.9%

Interest charging information

Interest-free period

Maximum 56 days for purchases if you pay your balance in full and on time. No interest-free period on balance transfers and cash advances.

How we charge interest

You won’t 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:

Interest on purchases is charged from the date debited to your account, until paid in full or the first statement you pay in full and on time, if that is sooner.

Interest on cash advances is charged from the date debited to your account until paid in full.

Interest on balance transfers is charged from the date debited to your account until paid in full.

 

You pay 13.9% p.a. (variable) for Purchases (including Annual Card Fees and admin charges for ancillary services) and Balance Transfers.

You pay 13.9% p.a. (variable) for Cash advances (which includes cash withdrawals, the purchase of foreign currency and Travellers’ Cheques and money transfers).

What do you get?

Plus

Get 2% cashback on eligible trade/business supplies

2% cashback on eligible trade/business supplies

Trade/business supplies includes spend at:

Lumber/Building supply stores

Electrical Parts/Equipment suppliers

Plumbing/Heating Equipment suppliers

Stationery and Office suppliers

Computers/Computer Part suppliers

For  details of all the merchant categories included under ‘trade/business supplies’ check out our cashback information sheet (PDF 52kb).

For more information see the Cashback Scheme Terms and Conditions (PDF 31kb)

Get 1% cashback on eligible fuel and hotel accommodation

1% cashback on eligible fuel and hotel accommodation

To earn cashback on fuel (including petrol, diesel and LPG) you can spend at petrol stations such as Esso, BP, Shell, Morrison's, Sainsbury's and Tesco. 

To earn cashback on hotel and lodge accommodation, you can earn against spend at Holiday Inn, Travelodge and Best Western. 

To see details of all the fuel and accommodation merchant categories you can earn cashback on, check out our cashback information sheet (PDF 52kb).

For more information see the Cashback Scheme Terms and Conditions (PDF 31kb)

Get 0.5% cashback on everything else

You can earn 0.5% on all other business spending.

We won't charge you foreign transaction charges for overseas purchases

Unlike most credit cards, we won't charge you for any non-sterling transactions on your card while you're away on business. Please note that a cash fee will still apply if you withdraw cash in a foreign currency and you may be charged a fee by a third-party bank/ATM provider.

Features

Interest-free credit period of up to 56 days

If you pay your balance in full, you get up to 56 days interest-free credit on purchases.

Interest-free credit details

Interest-free credit is not available on balance transfers and cash advances.

Flexible monthly payments

Pay a minimum of 5% or £5 whichever is the greater of the balance or repay the full amount. If you want to pay more than the minimum you’re also able to make additional payments. You can find out more about minimum payments in the 'Charges' tab.

Give your business some added flexibility

Instead of paying the balance in full every month you can just pay the minimum amount by the required date. This is quite handy if your customers are being slow to pay you.

What you should know

If you only pay the minimum payment it will take longer and cost more to clear your balance and there can be a risk of escalating debt, additional interest or charges and of potential financial difficulties.

Credit limit of between £500 and £10,000

Use the card for anything from petty cash to buying IT equipment. Maximum credit limit subject to status.

Benefits

Managing your Business Plus credit card

We've got a number of online tools to help you get the most out of your Business Plus credit card.

Help managing your card

With our online tools you can stay on top of all your credit card activity.

Track your spending, monitor the cashback you're earning and set up alerts so you're always up-to-date.  

Find out more about managing your card

Cards Online

See your Business Plus credit card account in real time. View up to 13 months of transactions and statements online.

Smart Data Online

Set up reports to help you check and analyse business spending.

Smart Data in detail

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

Build and run reports which can be integrated with accountancy software

View 24 months of transactions online

Manage your spending with ClearSpend

ClearSpend is a new, convenient, free mobile application available on iOS and Android. You'll be able to see your monthly cashback in the app too.

ClearSpend in detail

ClearSpend provides you with control and visibility of card transactions, so you can feel comfortable issuing cards to employees and see precisely how money is being spent.

Find out more about ClearSpend

Charges

Allocation of payments

If you don’t pay off your balance in full, there’s a specific order in which your payments are applied.

Allocation of payments – in detail

Your payments are used to repay the items on your account in the following order:  

  1. To reduce sums shown on your most recent monthly statement, according to their interest rates, with the highest rate paid first; and
  2. If any payment exceeds your most recent monthly statement balance, the excess will then be applied to reduce sums charged to your card but not yet shown on any monthly statement. This is also done according to interest rates, with the highest interest rate paid first.

If parts of either of the balances referred to above have the same interest rate, sums on which interest is charged on interest will reduce first.

For further details, please refer to the Business Credit Card Agreement (section 8) and the Business Card General Terms.

Minimum repayment

5% or £5, whichever is greater. Remember: if you only make the minimum payment it will take longer and cost more to clear your balance.

Minimum payment in detail

The minimum payment will be either:

  1. the greater of £5 or 5% of the full amount outstanding;
  2. the full amount, where the sum outstanding is less than £5; or 
  3. Subject to any notice required by law, the full outstanding balance if: we believe that the card is being used or might be used in breach of the agreement or in an unauthorised or fraudulent manner; or as a result of a change in the way you operate your account or in your financial circumstances (including missing payments), we reasonably believe that you may have difficulty in meeting your commitments.

How to reduce your interest charges

The best way to reduce interest charges on your business credit card is by repaying as much of your balance as you can afford to each month. Even if you want to stick to the minimum payment you currently make by monthly Direct Debit, you can still make extra payments on top, any time you want. The back of your credit card statement explains the variety of payment methods you can use.

Other charges and fees

You will incur charges if you make a late payment or go over your credit limit.

Other charges and fees – in detail

Annual fee (per card) £70

Admin fee for late payment £12

Admin fee if a payment is returned unpaid £12

If business credit limit is exceeded £12

An administrative charge for ancillary services (such as providing duplicate statements) (£1 per page, maximum charge £40)

Cash Advance charge – 3% of the transaction amount (minimum charge £3)

Transfers

Balance transfer to the Royal Bank Business Plus credit card

Why not move the money you owe from your other cards? It could mean you pay less interest. Fees may apply.

Balance transfers – in detail

A balance transfer is when you move the money you owe (the balance) from one credit card provider to another, often with a lower rate of interest. That’s why if you do a balance transfer to the Royal Bank credit card, you might end up paying less.

How it works

Apply for a Royal Bank business credit card. If you’re accepted, you can then get in touch to request a balance transfer. 

The balance transfer rate you’ll pay is provided in your credit card terms and conditions.

You may request a balance transfer of up to a total of 95% of your available credit limit.

What you should know

You can’t do a balance transfer from any other Royal Bank of Scotland Group credit cards.

All our balance transfer rates are for the lifetime of the balance.

We might charge a fee when you do a balance transfer.

Want to see how much you could earn?

This table has examples of our customers' typical spend with a Business Plus credit card. This is to give you an idea of what you could earn if you had one too.
The actual cashback you could earn will depend on how much you spend. Any cashback earned is credited to your card account monthly.

More information

Got more questions? Here are some common ones

You’ll need the personal details of all of the directors or partners of the business (including their home addresses for the last two years). You’ll also need your basic business details, including your company’s Registration Number (provided by Companies House) if you’re a limited company. The "I want to apply" section on the product page will help you to prepare.

No. The Business Plus credit card is an enhanced product with additional features offered in return for a £70 annual fee. If you're a startup customer interested in a first year free card, the Business credit card may be better suited to your requirements.

You can use your Business Plus credit card to pay for goods and services or withdraw cash almost anywhere in the world, just look out for the MasterCard logo. What’s more, with the Business Plus credit card we won't charge a non-sterling transaction fee on your purchases; so if you’re travelling abroad, or buying from abroad, we won’t charge you a fee for purchases made in a foreign currency. Please note that a cash fee will still apply if you withdraw cash in a foreign currency, and you may be charged a fee by a third-party bank/ATM provider.

Just give us a call on 0370 909 3701

You can find out which merchant categories are eligible for cashback under "Trade/business supplies / fuel / accommodation" spend on the cashback information sheet (PDF 52kb).

Yes you do. Our business credit card is only available to existing Royal Bank business customers. If you want to become a business customer take a look at our business current accounts.

  • For Lost & Stolen (24/7) 0370 600 0459 (+44 1268 500 8113 when calling from abroad)
  • Fraud Queries 0345 300 3986 (+44 125 230 8047 when calling from abroad)
  • Chargebacks & Disputes 0370 909 3701 (Option 2)/ e-mail Credit Disputes Cards Online 0370 909 3701 (Option 4)

No. The objective of having a separate card for Business spends is to ensure that business and personal spend is kept separate. This is a good accounting practice. Hence the cashback on personal Rewards credit card can not be combined with that on the Business Plus credit card.

Any cashback earned will be credited to your Business Plus credit card account monthly and you'll see this as a credit on your monthly statement. You can earn up to £400 cashback in year. You can call us on 0345 301 6263 if you have any questions on your cashback.

I want to apply

Please note that you can only apply for a Business Plus credit card if you represent a:

  • Limited company
  • Limited liability partnership
  • Partnerships (of four or more partners)
  • Charitable incorporated organisation

For any other business customers, our Business credit card is available as an alternative option.

Great, thanks for choosing our Business Plus credit card. Let’s get started. Are you a…

The Business Plus credit card is for our business bank account customers. If you want to become a Royal Bank customer, please check out our business bank accounts. When you apply for a business bank account, you may be given the option to apply for the Business Plus credit card at the same time (subject to status).

If your turnover is up to £2m
Our business bank accounts

 

Other lending options

Find out more

What kind of business are you?

How many cards do you need?

So, you’re a limited company applying for just one card. Here are the things we’ll need from you…

Personal details

  • Full name, date of birth and nationality
  • Home addresses (and the date you moved there)
  • Contact details
  • Details of your principle bank/building society account

Business details

  • Business address for all correspondence
  • Business contact details
  • Information about your business activity and number of employees
  • Average turnover per annum
  • Any other trading names your business uses
  • Month and year business started trading

Your registered company number

  • This is provided by Companies House when you register your limited company with them. Please make sure your Limited Company has already been registered with Companies House for at least 48 hours before starting your application with us.

And now for the important legal stuff…

To apply for our business credit card, you must meet these requirements

  • You’re aged 18 and over
  • You’re a director of the business you’re applying on behalf of
  • You have not been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree
  • Your registered business address must be in the United Kingdom

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Are you ready to continue?

Important documents to read

Here are our terms and conditions for the credit card, please take some time to review, print and/or save a copy of these.

Thanks! Looks like you’re all set and ready to begin

By starting your application, you confirm that you're giving us consent to run a credit check on you and any other people listed on your application

Thanks! You’re all set to download the application form

What you should know

When returning the application form

To avoid delays, or the application form being returned, please make sure you’ve completed ALL sections. If we have to decline your application, we’ll send you an email or text message. If your application has been fully completed and is successful we’ll text you and you should receive your new card and PIN within 10-12 working days.

When you’ve completed the application form

Please scan and email the application to Business Credit Card Applications. We'll text you to let you know that we've recieved your application. If you are unable to scan and e-mail the application, please mail to Cards Customer Services, PO Box 5747, Southend-On-Sea SS1 9AJ, Depot Code 028. Alternatively, you can drop your completed application form into any Royal Bank branch.

Thanks! You’re all set to download the application form

What you should know

When returning the application form

To avoid delays, or the application form being returned, please make sure you’ve completed ALL sections. If we have to decline your application, we’ll send you an email or text message. If your application has been fully completed and is successful we’ll text you and you should receive your new card and PIN within 10-12 working days.

When you’ve completed the application form

Please scan and email the application to Business Credit Card Applications. We'll text you to let you know that we've recieved your application. If you are unable to scan and e-mail the application, please mail to Cards Customer Services, PO Box 5747, Southend-On-Sea SS1 9AJ, Depot Code 028. Alternatively, you can drop your completed application form into any Royal Bank branch.

Thanks! You’re all set to download the application form

What you should know

When returning the application form

To avoid delays, or the application form being returned, please make sure you’ve completed ALL sections. If we have to decline your application, we’ll send you an email or text message. If your application has been fully completed and is successful we’ll text you and you should receive your new card and PIN within 10-12 working days.

When you’ve completed the application form

Please scan and email the application to Business Credit Card Applications. We'll text you to let you know that we've recieved your application. If you are unable to scan and e-mail the application, please mail to Cards Customer Services, PO Box 5747, Southend-On-Sea SS1 9AJ, Depot Code 028. Alternatively, you can drop your completed application form into any Royal Bank branch.

To begin your application you will need to talk to one of our advisors

Lines are open 9am-7pm Monday to Friday and 9am-2pm on Saturdays. Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

You can download the additional cardholder application form

What you should know

When returning the application form

To avoid delays, or the application form being returned, please make sure you’ve completed ALL sections. If we have to decline your application, we’ll send you an email or text message. If your application has been fully completed and is successful we’ll text you and you should receive your new card and PIN within 10-12 working days.

When you’ve completed the application form

Please scan and email the application to Business Credit Card Applications. We'll text you to let you know that we've recieved your application. If you are unable to scan and e-mail the application, please mail to Cards Customer Services, PO Box 5747, Southend-On-Sea SS1 9AJ, Depot Code 028

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