Business Credit Card Summary Box
The information contained in this table summarises key product features and is not intended to replace any Terms and Conditions.
APR |
Typical 22.4% APR (variable) |
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Interest Rates |
Monthly Rate |
Annual Rate |
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Purchases |
1.358% |
16.3% |
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Cash Withdrawals |
1.358% |
16.3% |
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Interest-free period |
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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 is as follows:
If you repay your balance in full, you will pay interest on Cash Withdrawals on consecutive statements. The first statement will cover the period from the date the Cash Withdrawal is added to the Cardholder Account to the Statement date and the following will show interest payable between the previous Statement date and the date of your repayment. |
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Allocation of payments |
If you do not pay off your balance in full, payments we receive will be applied in the following order of highest first to lowest (transactions may attract different interest rates):
For further details, please refer to your Business Credit Card terms and conditions. |
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Minimum repayment |
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Business credit limits |
Minimum Business credit limit |
£1,000 |
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Maximum Business credit limit |
£10,000 subject to status |
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Fees |
£32 per card per annum |