Business credit card from Royal Bank of Scotland

Business Credit Card

A short term flexible and
secure means to fund and
pay for business purchases

Royal Bank of Scotland business credit cards are for UK businesses only. Subject to status, for business use only

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.

On this page

Why choose a business credit card?


If you are just starting out, not only can you avail of the below benefits, we will also waive the annual fee of £32 for the first year you have the card.

 

Flexible short term funding

If approved, get up to 45 days interest free on purchase if you pay your balance in full.

Complete control of your spending

Track your business spend with Cards Online and Smart Data Online

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)

See policy information for all our Business credit cards

Important information

 

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 cardm the fee of the credit card and any charges that may be associated with our Business credit card.

Accordion

Icon expand Rates and charges

 

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

Keep your cashflow in check online

 

With our CardsOnline service you can check balances on cards, make a payment and manage your business credit cards hassle free.

Want to apply?

 

I'm an existing Royal Bank of Scotland Business customer and I'm a Limited Company and just one signatory

Existing Royal Bank of Scotland Business customer?

Sole Traders, Partnerships, LLPs and Limited Companies with more than one signatory: Once you download the application pack, you must complete the Pre-Contract Information document on page 3. This is for you to read and keep. You should not return this part to us if you choose to proceed with the application. 

Once completed you can return the form to us by email at businesscreditcard.applications@rbs.co.uk
or send it to  The Royal Bank of Scotland plc, Commercial Cards Division, Cards Customer Services, PO Box 5747, Southend-on-Sea SS1 9AJ.

Note: Please refer to your relationship manager or Business manager if your application is for a Charity, Club, Society or Association - or if more than 2 cards are required. 

New business customer?

I'm new and I want to apply for a business credit card

 

 

Talk to us today about getting a credit card...

 

 

 

Call us on

0345 600 22 30

Minicom
0800 4046160

 

 

 

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