Business credit cards | NatWest Business Banking

Business credit card

A short term flexible and secure means to fund & pay for business purchases

To apply you must be a UK resident aged 18 or over. Your registered business address must also be in the UK, Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in one of those jurisdictions.

 

The NatWest Business Credit Card is for UK businesses only. Subject to status, for business use only.

Why choose a business credit card?

 

If you are just starting out, not only can you avail of the below benefits, we will also waive the annual fee of £32 for the first year you have the card.

Flexible short term funding

 

If approved, get up to 45 days interest free on purchase if you pay your balance in full.

Complete control of your spending

 

Track your business spend with Cards Online and Smart Data Online

Travel accident insurance

 

Receive up to £50,000 worth of cover* automatically if you pay for overseas business travel using our Business Credit Card.

*(subject to conditions and exclusions - for more information, see our policy wording. Travel accident insurance is underwritten by ACE European Group Limited)

See policy information for all our Business credit Cards

Important information

 

The information contained in the below table summarises key product features and is not intended to replace any Terms and Conditions.

It includes important details about the interest rates related to your cardm the fee of the credit card and any charges that may be associated with our Business credit card.

Accordion

Icon expand Rates and charges

 

Purchase APR

Representative 23.2% APR (Variable)

Interest rates

 

Monthly rate

Annual rate

 

Purchases
Balance Transfers
Cash Advances

1.408%
1.408%
2.075%

16.9%
16.9%
24.9%

Interest-free period

Maximum 45 days for purchases if you pay your balance in full and on time. No interest-free period on balance transfers and Cash Advances.

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 will be as follows:

 

 

From

Until

 

Purchases
 



Cash Advances



Balance Transfers

Date debited to your account


Date debited to your account

Date debited to your account

Paid in full or the date of the first statement you pay in full and on time if that is sooner

Paid in full



Paid in full

Fees

Annual Card Fee (for each card issued) £32

For further details, please refer to your Business Credit Card Agreement (section E and G) and the Business Card General Terms

Allocation of payments

If you do not pay off your balance in full, the payments are applied towards the repayment of the items on the Business Account in the following order:   

• Cash advances and any applicable interest, fees or charges;
• Purchases and any interest, fees or charges attracting the same interest rate as purchases (shown on any statement);
• Balance transfers;
• Special Offers and any applicable interest or charges attracting the same interest rate as that special offer;
• Purchases and any applicable fees or charges attracting the same interest rate as purchases (not yet shown on any statement);
• Over limit fees, administration fees or other fees which it may apply to the Business Account because the customer is in breach of the agreement.
For further details, please refer to your Business Credit Card Agreement (section D) and the Business Card General Terms.

Minimum repayment

5% or £5, whichever is greater

If you only make the minimum payment it will take longer and cost more to clear your balance.

Credit Limit

Minimum credit limit £500
Maximum credit limit subject to status.

Charges

Cash Advance Handling Fee: 3%, minimum £3
Foreign currency transactions (including purchase of foreign currency and travellers’ cheques)
2.95% non-sterling transaction fee. For further details see here for a comparison of using your cards abroad.
For further details, please refer to your Business Credit Card Agreement (section G) and the Business Card General Terms.

Default charges

Over limit fee: £12

Administration Fees:

  • £12 if your Minimum Payment is not received by the due date

  • £12 if a payment to your credit card is returned unpaid
  • Existing customers

  • Apply as a new customer

Existing customers

Apply online today

Once completed you will need to return the form to your Relationship manager or Business manager team.

If you're not sure who they are contact us by phone.

Limited Companies & LLP's
(up to 2 card holders)
Sole Traders & Partnerships
(up to 2 card holders)

Sole Traders & Partnerships: Once you download the application pack, you must complete the Pre-Contract Information document on page 3. This is for you to read and keep. You should not return this part to us if you choose to proceed with the application.

Contact us by phone

0345 711 4477 (Minicom 0370 154 1192)

Lines are open Mon-Fri 8am-6pm and Saturday 9am-1pm

Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

Note: Please refer to your relationship manager or Business manager if your application is for a Charity, Club, Society or Association - or if more than 2 cards are required. 

Discover our full range of credit cards for businesses with a typical annual turnover over £2m.

Apply as a new customer

Contact us by phone

 

0345 711 44 77 (Minicom 0370 154 1192)

Lines are open Monday - Friday 8am - 6pm and Saturday - 9am - 1pm

Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariffs.

Contact us Any questions just give us a call
Useful numbers

General inquiries call:

0345 7 11 44 77 (Minicom 0370 154 1192)

Lines are open Mon-Fri 8pm-6pm & Sat 9am-1pm

Lost or stolen cards call:

Account holders in England & Wales:

0370 600 0459 (Minicom: 0370 154 1192) or if you're overseas +44 1268 500 813

Lines are open 24/7

Account holders in Scotland:

0800 056 4386 (Minicom 0800 092 9098)  or if you're overseas +44 1183 732 674

Lines are open 24/7

Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariffs

 

Set Tab for lightbox