Benefits of a Business Charge Card
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*No annual fee for each card added in the first 12 months of business card account opening. After the first year, we’ll charge an annual fee of £32 per cardholder, unless you spend £6,000 or more across all cards each year.
**Up to 56 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.
***Cashback doesn’t apply to cash withdrawals, balance transfers, money transfers, cryptocurrency or gambling transactions.
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'll carry out a credit check on you and your business. All lending is subject to status and credit application.
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.
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.
Work out how much cashback you could earn
You can earn 1% cashback on fuel and electric vehicle charging and 0.5% on other purchases.
This calculator provides an illustration only.
Any cashback earned is credited to your card account monthly.
Results
Monthly total spend: ##ts##
Monthly total cashback: ##mcb##
on fuel and charging: ##fysm##
other purchases: ##mopysm##
Annual cashback: ##ycb##
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, we’ll charge an annual fee of £32 per cardholder, unless you spend £6,000 or more across all cards each year. 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'll 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 Internet Banking services or business banking app.
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After you apply, we'll carry out a credit assessment that 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.
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Yes, you can view your Bank of Scotland Charge Cards online through Business Internet Banking.
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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.
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, we’ll charge an annual fee of £32 per cardholder, unless you spend £6,000 or more across all cards each year.
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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.
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. |
##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%.
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.
†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.