Business Charge Card
Free up working capital by managing employee spending and settling one bill each month.
Business Charge Card
Apply now and pay no annual fee for the first 12 months.
Other fees may apply, see below for details.
Each card added in the first 12 months of Business Card account opening won’t be charged the first £32 annual fee. After the first year, an annual fee of £32 per cardholder will apply.
Credit limits vary based on your individual circumstances and the number of cardholders is subject to your total credit limit.
All lending is subject to status and credit application. If lending is agreed, we will carry out a credit check on you and your business.
Are you eligible?
You can apply for a Business Credit Card if you are:
- An existing Business Current Account holder.
- A sole trader, partner or company director with authority to borrow on behalf of your business.
- Aged 18 or older.
- Using it for business use only.
Keep in mind
- You won’t pay an annual fee for the initial 12-month period. After that an annual fee will apply.
- The balance of your Business Charge Card(s) are to be paid in full each month by direct debit from your Business Current Account.
- A guarantee may be required for Limited Companies and Limited Liability Partnerships.
What are the benefits of Business Charge Cards?
Up to 45 days of interest-free credit
Access cash flow with 45 days of interest-free credit on purchases* to help with cash flow management.
Earn rewards
Benefit from merchant rebates with Business Savings by Mastercard®. You will also enjoy added protection with Buyers Protection Insurance** and Travel Insurance**.
Fees and charges
The information in these tables summarises key product features and is not intended to replace any terms and conditions.
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Each card added in the first 12 months of Business Card account opening won’t be charged the first £32 annual fee. After the first year, an annual fee of £32 per cardholder will apply.
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Cash withdrawals
2.5% handling fee, minimum £2.50
Copy of Transaction Receipts
£5 per item (there will be no charge if your query reveals an error has been made)
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Non-Sterling transaction fee
2.95% of the amount of the Sterling transaction value. If withdrawing cash, you will also pay the cash withdrawal charge.
Payment scheme exchange rate
You can find indicative rates at Mastercard®
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A Bank of Scotland Business Charge Card can deliver many benefits for your business, from providing flexibility over your payments and control over business expenses to enhancing security.
Frequently asked questions
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A Business Charge Card can be used for any of your business transactions and expenses. This includes things like entertainment, equipment, travel costs or office supplies. Our Business Charge Card is accepted in millions of outlets worldwide, where the Mastercard® sign is displayed. Allowing you to withdraw up to £500 a day, it’s a convenient way to cover costs on the go and helps you to manage employee spending.
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This is a fee charged every 12 months as a condition of continuing to hold this Charge Card account. Each card added in the first 12 months of the Business Card account opening won’t be charged the first annual fee. After the first year, an annual fee of £32 per cardholder will apply. There may be other costs attached to holding a Charge Card account, which are outlined in this account’s fees and charges above.
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A credit limit is the maximum amount you can borrow on your card at any one time. During the application process we will undertake an affordability assessment based on what you've told us about your business and how much you would like as your credit limit, and using data we hold on your business or which is available externally. Your credit limit will be based on your current circumstances and may vary.
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You can apply by logging in to our online banking services or business banking app.
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After you apply, we will carry out a credit assessment which may include a credit bureau check. Unless your credit history shows multiple applications, your credit rating shouldn’t significantly deteriorate. Lenders are likely to see occasional enquiries as part of a typical business process.
Looking for a Business Credit Card?
Our Business Charge Cards are another affordable way to pay for daily business expenses. You’ll get up to 45 days of interest-free credit but you’ll need to pay your balance in full each month.
Helping you compare our credit card currency charges with other providers
You can now compare our currency conversion charges for card transactions in euro and other EEA currencies. We display these charges as a percentage mark up over the European Central Bank reference rate (ECB rate). The table below does not take into account any other transaction costs we charge, for example foreign currency cash fees.
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Your Credit Card foreign currency transaction fee mark up over the ECB rate. |
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Exchange rates
The table should be used as a guide only. Rates are updated once a day on business days. We use Mastercard rates and ECB rates which are subject to change.
Transactions in EEA currencies other than euro will be converted to euro first, then pounds sterling.
You can find the latest available Mastercard exchange rate here.
Fees for currency conversion
The comparison above uses the credit card standard non-sterling transaction fee of 2.75%.
* Up to 45 days of interest-free credit applies to all purchases, but there may be other charges and fees for non-sterling purchases.
**To provide you with Buyers Protection Insurance and Travel Insurance, Bank of Scotland works with Aspire Insurance Advisers, who administer the policy on behalf of Certain Underwriters at Bank of Scotland.
Cashpoint® is a registered trademark of Bank of Scotland.
Mastercard® is a registered trademark.
Lending appeals
The right type of funding can play a vital role in helping your business reach its potential. If your lending application is declined, we will work with the British Bankers’ Association to pursue any raised appeals.