Business Charge Card

Benefits of a Business Charge Card

Short-term funding

Borrow a minimum of £1,000.

Includes daily cash withdrawal** limit of £500.

Interest-free period

Access cash flow with 45 days interest-free on purchases**.

Pay the balance in full by direct debit from your Bank of Scotland Business Current Account each month.

Rewards and Insurance

Take advantage of merchant rebates with Business Savings by Mastercard®, and benefit from Travel Insurance*** and Buyers Protection Insurance***.

*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.

**Up to 45 days interest-free applies to all purchases, but there may be other charges and fees for non-sterling purchases. Fees and interest apply to cash withdrawals.

View all Business Charge Card Rates and Charges

Is your business 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

  • Your balance must be paid in full by Direct Debit from your Bank of Scotland Business Current Account each month.
  • You should only spend what you can afford to pay back.
  • A guarantee may be required for Limited Companies and Limited Liability Partnerships.
  • If lending is agreed, we will carry out a credit check on you and your business. All lending is subject to status and credit application.

Apply now for a Business Charge Card

Apply now for a Business Charge Card

Log on and apply now to Business Online Banking to see if you’re eligible.

Log on and apply

How does a Business Charge Card work?

Unlimited cards

Benefit from issuing unlimited Business Charge Cards to your employees to spend on behalf of the business in a controlled manner.

Spend within your limit

Simply stay within your agreed credit limit to ensure you don’t incur default charges. Note that you may incur other fees as per our fees and charges rates below.

Spend within your limit

Simply stay within your agreed credit limit to ensure you don’t incur default charges. Note that you may incur other fees as per our fees and charges rates below.

Choose a date for your payments

You must pay off the total of the balance on your monthly statement. You can choose a date that suits your business.

Earn rewards

Benefit from merchant rebates with Business Savings by Mastercard®. You will also enjoy added protection with Buyers Protection Insurance** and Travel Insurance**.

Earn rewards

Benefit from merchant rebates with Business Savings by Mastercard®. You will also enjoy added protection with Buyers Protection Insurance** and Travel Insurance**.

Frequently asked questions

  • 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.

  • 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.

  • 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.

  • You can apply by logging in to our online banking services or business banking app.

  • 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.

  • Yes, you can view your Bank of Scotland Charge Cards online through Business Internet Banking

  • If you are registered as a full access user with Business Internet Banking, you can make changes to your Business Representatives and cardholders online.

Looking for a Business Credit Card?


Our Business Credit Cards are another way to manage business spending with flexible repayment options.

 

Business Credit Cards

Fees and charges

The information in these tables summarises key product features and is not intended to replace any terms and conditions.

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.

 

£
Indicative transaction value (excl Fees)
Transaction Fee Rate
Transaction Fee
Indicative Statement Value (incl Fees)
ECB to Sterling equivalent Indicative transaction Value
ECB to card variance
ECB Markup sub
ECB Mark up
ECB Pairing Rate
Cash Transaction Ffee

Edit Key/Value Pair Calculator

Edit Key/Value Pair Calculator

 

  

   

Your Credit Card foreign currency transaction fee mark up over the ECB rate.

##euromarkup##%

 

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%.

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.

Lending appeals

Appeals, has your Business Finance been declined? You can ask for the decision to be reviewed 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.

More about lending appeals 

***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.