Smooth out your cashflow

with our credit card

You’ll need the personal details of all of the directors or partners of the business (including their home addresses for the last two years). You’ll also need your basic business details, including your Company’s Registration Number (provided by Companies House) if you’re a limited company. The "Ready to apply" sections on the product pages will help you to prepare.

If you want to transfer a balance to your credit card please call the Royal Bank business team. There's no interest free period on balance transfers. 

Of course! You can use your business credit card to pay for goods and services or withdraw cash almost anywhere in the world. Just look out for the MasterCard logo.

Instead of paying the balance in full every month you can just pay the minimum amount by the required date. This is quite handy if your customers are being slow to pay you.

The minimum payment will be 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). Remember: if you only make the minimum payment it will take longer and cost more to clear your balance.

What you should know:

If you only pay the minimum payment it will take longer and cost more to clear your balance and there can be a risk of escalating debt, additional interest or charges and of potential financial difficulties.

How to reduce your interest charges:

The best way to reduce interest charges on your business credit card is by repaying as much of your balance as you can afford to each month. Even if you want to stick to the minimum payment you currently make by monthly Direct Debit, you can still make extra payments on top, any time you want. The back of your credit card statement explains the variety of payment methods you can use.

To add an additional cardholder, please fill out and return our additional cardholder form. (PDF, 126KB)

Yes you do. Our business credit card is only available to existing Royal bank business customers. If you want to become a business customer take a look at our business current accounts.

• If you run a business with a turnover of £2m or less, a company credit card could be a great addition to your finances. Helping you separate personal and business expenses is just one of the many reasons to get a company credit card.
• With our business credit card, you also gain access to ClearSpend – an app designed to help you track your business spending easily and efficiently

The Business credit card is fee free in the first year including any additional cards that you may open.  In subsequent years, the annual card fee is waived if you spend £6,000 p.a. in the previous year.

The waiver is applied at a card level based on the assessment of spend on that particular card. Spend can not be combined across cards to qualify for the waiver.

Although a business banking account and credit cards are opened in the name of your business, banks build a ‘picture’ of your circumstances based on both your personal and business finances. This means that a negative business credit history can affect the credit rating of business owners of smaller enterprises.