Business Card
Stay in control of business expenses
An easy and secure way to take care of business expenses worldwide. The Business Card from Clydesdale Bank is an effective and flexible way to manage your cash, control your business outgoings and minimise bank charges.
- Simple, secure and convenient way to pay
- Interest-free when you settle your account in full each month
- Option to have multiple cards for staff
To start a new kind of banking relationship, arrange a visit to your local Financial Solutions Centre or call 08457 03 45 67.
More Benefits
- Accepted at over 32 million outlets worldwide
- Convenient repayment methods
- Set expenditure limits for each user
- Optional card registration scheme and cardholder protection plan
Further Features
- Up to 56 days interest-free credit on merchandise transactions
- Withdraw up to £500 per day from any ATM worldwide displaying the MasterCard symbol
- Withdraw cash, up to your credit limit, over the counter at any bank worldwide displaying the MasterCard symbol
Complementary Solutions
- Protection and Wealth Management
Important Information
SUMMARY BOX - Clydesdale Bank Business Card
The information contained in the table below summarises key product features and is not intended to replace any terms and conditions.
| Typical 30.1% APR | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Interest Rates | Monthly Rate | Annual Rate | EAR† | |||||||||
| Purchases | 2.0% | 24.0% | 26.8% | |||||||||
| Cash Advances | 2.0% | 24.0% | 26.8% | |||||||||
| Interest-Free Period | Maximum 56 days interest-free for purchases if you pay your balance in full and on time. There is no interest-free period on cash advances.
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| Allocation of Payments | We will apply payments you make to your account to pay off interest, any fees or charges and insurance premiums. Then we will pay off your balances in the following order: - Cash advances then purchases - where arrears have been outstanding for more than one month - Cash advances then purchases - for more recent balances For each category we will pay off balances on which we charge higher rates of interest before those on which we charge lower rates of interest |
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| Minimum Repayment | Greater of 5% of outstanding balance or £5 each month. Please refer to ‘Key Financial Information’ in your Agreement for a more detailed description. Only ever making the minimum repayment will significantly increase the time taken to clear your balance and cost you more. | |||||||||||
| Amount of Credit | Minimum credit limit of £500, maximum credit limit subject to status. | |||||||||||
| Fees | Annual fee = £20 per annum per card issued. | |||||||||||
| Charges | Administration fee for returned cheques or Direct Debits – NO CHARGE. Cash advances – 3% (minimum £3.00). Copies of statements – £5. Copies of vouchers – £5. Overseas transactions – 2.95% (including purchases of foreign currency and travellers’ cheques). |
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| Default Charges | Late payment fee – NO CHARGE. Over credit limit fee – NO CHARGE. The interest rate charged on any outstanding balances remaining after the payment due date is 26.8% EAR†. Interest on purchases should be charged from the transaction date until the statement date. |
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† EAR (Effective Annual Rate) - The Effective Annual Rate is used to express the cost of borrowing on current accounts. The EAR takes account of the interest rate charged, the frequency it is levied to accounts and compounding of interest, it does not include overdraft fees. Information correct as at 1st October 2008.
ILLUSTRATIVE EXAMPLE – Clydesdale Bank Business Card
The following example highlights the difference between only paying the minimum and a fixed amount each month on your Credit Card.
| For a purchase of £1,000 on your Credit Card | ||
|---|---|---|
| Monthly Payment | Minimum Payment each month | £50 each month |
| Without taking into account any introductory rates, how much interest will you be charged in the first year? | £181.33 | £175.18 |
| How much interest will you be charged in the second year? | £139.34 | £89.31 |
| How long would it take to clear the balance? | 8 years & 6 months | 2 years & 2 months |
The above example assumes the following:
Typical rate of 30.1% APR variable.
The transaction takes place on 1st January and you make no further transactions.
Your statement is produced on the 1st of each month.
You always make a payment on the due date.
Useful telephone numbers
Business Card Helpdesk - 0870 527 5191
Forgotten your PIN? - 0870 527 5191
Lost or stolen cards (24 hours) - 0870 516 8654
Terms and Conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
Clydesdale Bank PLC is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.