Want to spend more time thinking about growing your business and less time worrying about your cash flow? The Clydesdale Bank Mastercard® Business Credit Card could help you manage your business finances more effectively.
Terms and Conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
|Rate of interest 16.9% pa (variable)||Total amount of credit £1200||Representative 22.4% APR (variable)|
*Maximum 59 days for purchases if you pay your balance in full and on time. There is no interest free period on cash advances
**Other fees may apply such as an over limit fee, late payment fee, non-sterling transaction fee and cash fee. These are detailed in the business credit card terms and conditions – available from your relationship manager
A business current account must be held with us throughout the term of the business credit card Agreement.
Keep up to date with accounting information and stay in control of your expenses. SmartData, an online accounting system, comes as standard with your Mastercard Business Credit Card. Features include:
SUMMARY BOX - Clydesdale Bank Mastercard Business Card
The information contained in the table below summarises key product features and is not intended to replace any terms and conditions.
|Representative 22.4% APR Variable|
|Other Interest Rates||Monthly Rate||Effective Annual Rate|
|Interest-Free Period||– Maximum 59 days for purchases if you pay your balance in full and on time
– There is no interest-free period on cash advances
|Allocation of Payments||If you do not repay the entire balance on your account we will apply the amount you pay to the outstanding balance starting with those items to which the highest rate applies. For further details please refer to your credit card terms and conditions.|
|Minimum Repayment||Each month you must pay at least the minimum payment set out in your statement by the payment date shown. This will be an amount equal to the greater of:
|Amount of Credit||Minimum credit limit of £500, maximum credit limit subject to status.|
|Fees||An annual fee will be charged to your Account for each Card issued, but this fee will not be charged for the first 12 months after a Card is issued – £28|
|Charges||Cash advances – Cash Fee 3% (minimum £3.00)
Copies of Statements or Vouchers – £5
|Foreign Usage||Payment Scheme Exchange Rate||Rates can be found at https://www.mastercard.com/global/currencyconversion/index.html|
|One or more of the following may apply:||Non-Sterling Transaction Fee - 2.95%
Cash Fee - 3% (minimum £3.00)
|Default Charges||Late payment or Over limit fees – £12|
Information correct as at 18th January 2018
ILLUSTRATIVE EXAMPLE – Clydesdale Bank Mastercard Business Card
|You spend £1,000 on 1st January, make no other transactions and only have one card on the account. The following example highlights the difference between only paying the minimum and a fixed amount each month 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 ?||£135.05||£112.30|
|How much interest will you be charged in the second year ?||£131.17||£50.89|
|How long would it take to clear the balance ?||18 years & 5 months||2 years & 0 months|
Please note, the above example assumes the following:
– Representative 22.4% APR Variable. It excludes introductory rates
– 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
– You only have one card on the account
Useful telephone numbers
– Business Card Helpdesk - 0800 678 3370
– Forgotten your PIN? - 0800 678 3370
– Lost or stolen cards (24 hours) - 0800 678 3370
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Our existing customers can apply for lending solutions online. All loans subject to status and eligibility.
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Forgotten your pin? Need to replace a lost or stolen card? If you’ve got any questions about your account or you’d like to discuss your requirements with our business team, get in touch.
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