Business Credit Card Summary Box

Interest Rates

Monthly Rate

Annual Rate

Purchases

1.358%

17.6%

Cash Withdrawals

1.358%

17.6%

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:

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):

1. Interest and charges (other than those mentioned below);

2. Cash Withdrawals and charges for Cash Withdrawals;

3. 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

£50

Maximum Business credit limit

£25,000 subject to status

Fees