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)

Interest Rates

Monthly Rate

Annual Rate

Purchases

1.358%

16.3%

Cash Withdrawals

1.358%

16.3%

Interest-free period

Maximum 45 days on new purchases if you pay your balance in full and on time each month.
No interest-free period on Cash Withdrawals.

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:

	From	Until
Purchases	date Transaction is added to the Cardholder Account	paid in full
Cash Withdrawals	date Transaction is added to the Cardholder Account	paid in full

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.

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):

Interest and charges (other than those mentioned below);
Cash Withdrawals and charges for Cash Withdrawals;
Annual fees;
All other amounts on the Business Account, including Purchases, charges for copy statements, copy transaction receipts and additional copies of reports.

For further details, please refer to your Business Credit Card terms and conditions.

Minimum repayment

5% of the balance shown in the Statement or £5.00 whichever is greater.
If you make only the minimum payment each month, it will take you longer and cost you more to clear your balance.

Business credit limits

Minimum Business credit limit

£1,000

Maximum Business credit limit

£10,000 subject to status

Fees

£32 per card per annum

Charges

Cash Withdrawals	2.5% handling fee, minimum £2.50.
Copy of statements	£6.00 for a copy of a non-current Statement.
Copy of sales voucher	£5.00 per item. (There will be no charge if your query reveals an error has been made).
Copy of report	£15.
Default charges	£12 for late payments, returned payments or if you exceed your Business Limit.

Foreign fees

Payment Scheme Exchange Rate	Indicative rates can be found at: www.visaeurope.com
Non-Sterling Transaction fee	2.95% of the amount of the Sterling transaction value.
Non-Sterling Cash fee	2.5% (minimum £2.50).