Royal Bank of Scotland Business Credit Cards

Royal Bank of Scotland – or RBS – is one of the longest standing UK banks. Part of the Royal Bank of Scotland Group along with NatWest and Halifax, RBS offers accounts to businesses across the UK.

RBS offers a range of lending solutions to business customers including invoice finance, business loans, commercial mortgages, asset finance and corporate credit cards.

The RBS business credit card has an annual fee and provides a number of benefits, outlined below.

Business Credit Card

•A Business Credit Card to help making and keeping track of payments simple for business customers. It can be used to help customers manage their cash flow whilst keeping their business expenses separate from personal spending. •Available to new and existing Business Banking customers with annual turnover under £2m. •Customer must hold and maintain a business bank account in the same legal entity name with NatWest/RBS.

APR: 24.3%

Annual Fee: £30

Minimum Credit Limit: £ Check with bank

Features and benefits:

  • AbilityToUseCardOnline
  • AccessToDataReportingTool

    Smart Data; Cards Online

  • CashWithdrawals
  • ChipAndPin
  • Contactless
  • ConvenienceCheque
  • MaximumNumberOfCardsPermitted

    Unlimited

  • OnlineSecurity
  • FlexiblePayments

    Minimum payment the greater of £5 or the full balance if less ; or that month's interest, any default charges, 1/12th of any annual fee and 3% of the remaining balance (excluding any annual fee)

  • InterestFreePeriod

    Up to 56 days interest free on purchases if balance paid in full and on time

  • AbilityToSetSpecificIndividualLimits
  • StatementsGeneratedAtAccountLevelAndCardholderLevel

    Company level statements

Eligibility:

  • 18 years and up

Business Plus credit card

The Business Plus credit card gives customers the flexibility of making a wide range of business expenses with the benefit of being rewarded through cashback, and cardholders are not charged any foreign exchange fees on non-Sterling purchases. Customer must hold and maintain a business bank account in the same legal entity name with NatWest/RBS.

APR: 29.0%

Annual Fee: £70

Minimum Credit Limit: £ Check with bank

Features and benefits:

  • Cashback
  • AbilityToUseCardOnline
  • AccessToDataReportingTool

    Smart Data Lite; Cards Online

  • CashWithdrawals
  • ChipAndPin
  • Contactless
  • ConvenienceCheque
  • MaximumNumberOfCardsPermitted

    Unlimited

  • OnlineSecurity
  • FlexiblePayments

    Minimum payment will be the greater of (i) £5 or the full balance if less; or (ii) that month's interest, any Default Charges, 1/12th of any annual fee and 3% of the remaining balance (excluding any annual fee).

  • InterestFreePeriod

    Up to 56 days' interest free on purchases if balance paid in full and on time. For cash transactions interest is charged from the date the transaction is applied to the account.

  • AbilityToSetSpecificIndividualLimits

    Cardholder credit limit (Min £500)

  • StatementsGeneratedAtAccountLevelAndCardholderLevel

    Company level statements (including individual card statements)

Eligibility:

  • Suitable for:
    CIO
    LBG
    Ltd
    Partnership