Why use a Business Card

Bank of Scotland Business Debit Cards, Business Credit Cards and Business Charge Cards can deliver many benefits for your business, from providing flexibility over your payments and control over business expenses to enhancing security.

Our Business Credit Card and Business Charge Card also allow you to take advantage of up to 45 days’ interest free credit, helping improve cash flow management. You can also issue trusted employees with additional Business Credit Cards and Business Charge Cards to spend on behalf of the business in a controlled manner as individual limits are set per card.

‘Why should I use a Business Card instead of my personal banking cards?’

If you use a Business Card, you’ll help protect your personal credit rating and safeguard your home finances in cases of fraud or unexpected expenses.

It is also better commercial practice and helps keep your business expenses separate. This is important for VAT and accounting purposes. Using a Business Card helps to safeguard your personal credit rating, because personal funds are not being used for business purposes. We issue Business Cards on an assessment of the suitability of your business and not the individual.

  • You can limit the number of personnel who can view your business account details and balances, and with our Business Credit Cards and Business Charge Cards, you can set limits on the amount each employee can spend on each card to help prevent misuse or overspending.

  • You can save on transaction fees, receive detailed statements and pay a single bill each month. A Business Credit Card or Charge Card can also ease your cash flow, with up to 45 days’ interest free credit available, and prevent unexpected outgoings, while freeing up your overdraft to cover more urgent expenditure.

  • Using a Business Credit Card or Business Charge Card alongside other bank products could make good financial sense with your cost per transaction often lower than a cheque payment*. The cost of Business Credit Card and Business Charge Card transactions is lower than the cost of withdrawing cash, and the card can help you achieve more efficient cash flow, with just one monthly payment covering all your business expenses and up to 45 days’ interest free credit before payment. This can allow you to bridge the gap between customer payments coming in and business expenses going out.

    All lending is subject to status. We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk  

  • By using our Business Credit Cards and Business Charge Cards, you’ll help to ease cash flow and improve personal and business security. The card can also help you make payments globally, wherever you see the Mastercard sign**, and our monthly statements can help you track and reconcile your expenditure more easily.

    A Business Credit Card or Business Charge Card can also help you build a better credit score for your business. This is important for new or growing enterprises, which may need access to credit at a later date to support their future growth.

ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.

All lending is subject to a satisfactory credit assessment.

*Depending on your Business Current Account tariff.

**Merchant charges may apply.

Lost or stolen cards?

If your card is lost or stolen, or you think someone might know your PIN, tell us straightaway.

Staying safe online

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Making sure you get a fair deal

We want to find a product that’s right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details what’s expected of us, the lender, and you, the borrower.