In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges

Metro Bank Business credit card review

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Metro Bank Business credit card (only available to existing business customers)
4.0
★★★★★
Finder score
Representative example:
When you spend £1,200 at a purchase rate of 17.44% (variable) p.a., your representative rate is 18.9% APR (variable).
Interest-free each billing period
Up to 56 days
Account fee
£0
Balance transfer fee
0%

Our verdict

Existing Metro Bank business customers can benefit from a single low interest rate of 17.44%, and fee-free transactions across Europe.

The "challenger bank" Metro Bank does things a little differently – with an emphasis on high street "stores" which open seven days a week. Its business credit card is refreshingly straightforward with no annual fee, no introductory promotional rates and a single interest rate for transactions across the board. If you're on the hunt for rewards and perks, it's probably not the card for you – you won't find airport lounge access or the opportunity to earn cashback, for example.

But, provided your business currently banks with Metro Bank (or you're interested in switching), this card could help manage a fluctuating cash flow. If you pay your balance in full and on time each month, you'll benefit from up to 56 days of 0% interest on purchases. In other words, a purchase made right at the start of your billing cycle could remain interest-free until you pay your bill, which could be as much as 56 days later. This is true of almost all credit cards on the UK market.

If you don't clear your balance in full, for example if you only make the minimum required payment, you'll be charged interest on each transaction from the day on which it occurred. Likewise, cash advances (that's when you withdraw cash using your credit card) will always start to accrue interest straightaway.

Businesses with frequent travel or overseas trade will benefit from 0% fees on non-sterling transactions within Europe (plus there's no charge for additional cards – so all your nominated cardholders can benefit from this). Currencies will be converted to sterling at the standard Mastercard rates.

Pros

  • Up to 56 days to spread the cost of purchases (provided you pay off your balance in full each month)
  • No annual fee
  • A relatively low 17.44% interest rate on purchases

Cons

  • Applicants with low credit scores are unlikely to be eligible
  • Basic business credit card with no perks or rewards
  • Foreign exchange fee charged on transactions outside of Europe

In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges

Details

Product Overview

Issuer Metro Bank
Network Mastercard
Annual/monthly fees £0
Balance transfers 17.44%
Balance transfer fee 0%
Purchases 17.44%
Purchases interest-free period Up to 56 days
Cash advances 17.44%
Minimum credit limit £500
Maximum credit limit Subject to status
Additional cards available 9
Potential costs 3.9 ★★★★★
Doing its job 3.5 ★★★★★
Extras 5.0 ★★★★★
Overall Finder Score 4.0 ★★★★★

Fees and charges

Minimum monthly payment 5% or £20 (whichever is greater) or the total of any interest, default fees and charges plus 5% of the outstanding balance.
Annual/monthly fees £0
Balance transfer fee 0%
Foreign usage charge (EU) 0%
Foreign usage charge (rest of world) 2.99%
Cash advance fee 0%
Late payment fee £0
Duplicate statement fee £0
Exceeding limit fee £0
Additional card fee £0
Dormancy fee £0

The Metro Bank Business credit card (only available to existing business customers) is issued on the Mastercard network, so it's accepted at more than 50 million merchant locations across more than 210 countries and territories.

How does it compare?

Metro Bank's card

1 - 1 of 1
Name Product UKCCF Finder Score Purchases Annual / Monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
Metro Bank Business credit card (only available to existing business customers)
4.0
★★★★★
17.44%
£0
N/A
18.9% APR (variable)
Card details
Representative example: When you spend £1,200 at a purchase rate of 17.44% (variable) p.a., your representative rate is 18.9% APR (variable).
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Other popular business cards

Table: promoted then other popular deals
1 - 20 of 33
Name Product UKCCF Finder Score Purchases Annual / Monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
CASHBACK
Funding Circle Business Cashback Card
4.2
★★★★★
34.9%
£0
1% uncapped cashback*
34.9% APR (variable)
Go to siteCard details
Earn 2% cashback up to £2000 for 6 months, 1% after that. T&Cs apply.
Representative Example: The standard interest rate on purchases is 34.9% pa. (variable), so if you borrow £1,200 the Representative APR will be 34.9% APR (variable)
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CASHBACK
Capital on Tap Business Credit Card
4.2
★★★★★
36.19%
£0
1 point per £1 spent
36.19% APR (variable)
Go to siteCard details
Earn 1 point for every £1 of card spend. Redeem 1 point for 1p (1% cashback)
Representative example: When you spend £1,200 at a purchase rate of 36.19% (variable) p.a., your representative rate is 36.19% APR (variable).
Funding Circle FlexiPay Business Credit Card
3.9
★★★★★
0% interest, flat fee per transaction
£0
N/A
33.4% APR (variable)
Go to siteCard details
0% interest, no annual fees, spread payments over 1, 3, 6, 9 or 12 months.
Representative example: If you spend £1,200 with a fee of 4.9%, your representative rate is 33.4% APR.
CASHBACK
Moss Business Cashback Card
3.5
★★★★★
N/A (this product is a charge card).
Subject to plan
2% cashback
N/A (this product is a charge card).
Go to siteCard details
2% cashback for eligible customers, capped at the platform fee.
CASHBACK
Barclaycard Payments Select Cashback Business Credit Card
3.7
★★★★★
27.1%
£0
1% cashback uncapped*
27.1% APR (variable)
Go to siteCard details
Get 1% cashback uncapped on all your business spend when you spend at least £2,000 per statement month. T&Cs apply*
Representative example: When you spend £1,200 at a purchase rate of 27.1% (variable) p.a., your representative rate is 27.1% APR (variable).
Finder Award
CASHBACK
Capital on Tap Business Rewards Credit Card
4.2
★★★★★
36.19%
£99 per annum
1 point per £1 spent
59.15% APR (variable)
Go to siteCard details
Representative example: When you spend £1,200 at a purchase rate of 36.19% (variable) p.a., your representative rate is 59.15% APR (variable). Optional upgrade to Business Rewards (£99 per year).
Barclaycard Select Charge Card
3.9
★★★★★
N/A (this product is a charge card).
£42 per annum
N/A
3.6% APR (variable)
Go to siteCard details
Control spend and manage business expenses. Access to business rewards with discounts and offers from leading retailers and suppliers. T&Cs apply.
Finder Award
OFFER
American Express Business Gold Card
3.8
★★★★★
N/A (this product is a charge card).
Year 1 - £0, Year 2 onwards - £195
1 points per £1 spent
N/A (this product is a charge card).
Go to siteCard details
Get up to 40,000 Membership Rewards® points by earning 4 points per £1 in the first 3 months. Offer ends 22 October 2024. No minimum spend required. Terms apply.
British Airways American Express® Accelerating Business Card
3.8
★★★★★
28.5%
£250 per annum
1.5 Avios per £1 spent
108.4% APR (variable)
Go to siteCard details
Earn 30,000 bonus Avios points when you spend £5,000 in first 3 months of Cardmembership. Terms apply.
Representative example: When you spend £1,200 at a purchase rate of 28.5% (variable) p.a. with a fee of £250 per annum, your representative rate is 108.4% APR (variable).
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OFFER
American Express Business Platinum Card
3.8
★★★★★
N/A (this product is a charge card).
£650
1 points per £1 spent
N/A (this product is a charge card).
Go to siteCard details
Get up to 80,000 Membership Rewards® points by earning 8 points per £1 in the first 3 months. Offer ends 22 October 2024. No minimum spend required. Terms apply.
Barclaycard Premium Plus Credit Card
3.9
★★★★★
0% for 6 months reverting to 19.9%
£150 per annum
0.5% cashback uncapped*
56.4% APR (variable)
Go to siteCard details
*Get 0.5% cashback on your business spend up to £400 per year and benefits for using your card for day-to-day business and travel. £150 a year. T&Cs apply.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a. with a fee of £150 per annum, your representative rate is 56.4% APR (variable).
The Co-Operative Bank Business Credit Card (existing customers only)
Not yet rated
15.9%
£24
N/A
21.8% APR (variable)
Go to siteCard details
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £24 per annum, your representative rate is 21.8% APR (variable).

The Co-Operative Bank Business Charge Card (existing customers only)
Not yet rated
N/A (this product is a charge card).
£0 for the first 6 months, then £2 per card per month
N/A
N/A (this product is a charge card).
Go to siteCard details
CASHBACK
Juni Business Card (only for ecommerce companies)
4.0
★★★★★
N/A (this product is a charge card).
£0
1% cashback
N/A (this product is a charge card).
Card details
Made for ecommerce companies only. Earn 2% cashback for your first 30 days, up to 1% thereafter on all eligible Juni card spend.
AIB Visa Business Card
4.1
★★★★★
N/A (this product is a charge card).
£15 per annum, plus £10 joining fee
N/A
N/A (this product is a charge card).
Card details
Representative 4.0% APR (variable). £15 annual fee per card, and a £10 joining fee.
AIB Visa Business Gold Card
3.0
★★★★★
N/A (this product is a charge card).
£50 per annum, plus £25 joining fee
N/A
N/A (this product is a charge card).
Card details
Representative 4.0% APR (variable). £50 annual fee per card, and a £25 joining fee.
Allstar Plus ‘All-in-one’ Business Fuel Card
4.0
★★★★★
N/A (this product is a charge card).
£3.99 per card per month
N/A
N/A (this product is a charge card).
Card details
Up to 44 days interest free on purchases (subject to status), savings on fuel at 1,600 discount diesel sites plus a 10% saving on Service, Maintenance & Repair at selected merchants (Arnold Clark, IMO Car Wash, National Tyres, Halfords).
Metro Bank Business credit card (only available to existing business customers)
4.0
★★★★★
17.44%
£0
N/A
18.9% APR (variable)
Card details
Representative example: When you spend £1,200 at a purchase rate of 17.44% (variable) p.a., your representative rate is 18.9% APR (variable).
Payhawk Corporate Visa Card
4.2
★★★★★
N/A (this product is a charge card).
Subject to subscription
1% cashback
N/A (this product is a charge card).
Card details
Earn up to 1% cashback on all eligible card spend up to the amount of your subscription.
HSBC Commercial Credit Card Visa
4.0
★★★★★
15.9%
Year 1 - £0, Year 2 onwards - £32 per annum
N/A
22% APR (variable)
Card details
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £32 per annum, your representative rate is 22% APR (variable).
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Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow. Most of the data in Finder's comparison tables is provided by Moneyfacts.

Repayment options

You can make manual repayments through Metro Bank's app by logging in to your online banking or over the phone (0345 08 08 508). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, or losing any promotional rates as a result (although there's no penalty fee for late payments to worry about, there are still plenty of other good reasons not to miss a payment).

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply

Frustratingly, to apply for this card, you'll need to head into a branch and speak to your "Local Business Manager". On the plus side, you don't usually need an appointment, and Metro Bank can issue cards in-store, so if all goes well you could walk out with your new card ready to go.

Metro Bank customer reviews

Metro Bank’s reviews are fairly positive. Third party ratings, such as Trustpilot, highlight it’s easy to use app and friendly customer service.

However, some users have said that Metro Bank can be slow to respond to queries.

Trustpilot Apple App Store Google Play

★★★★★

2.3 out of 5
Based on 4,337 reviews (updated )

★★★★★

4.8 out of 5
Based on 166,689 reviews (updated )

★★★★★

4.6 out of 5
Based on 38,755 reviews (updated )

The bottom line

With no annual fee and a universal rate on purchases, cash advances and balance transfers, the Metro Bank Business credit card is a straightforward, no-frills card that can help you manage your cash flow while keeping your costs low. With no fees on non-sterling transactions in Europe and no charge for additional cards, it could also benefit businesses that trade abroad or are looking to manage expenses for multiple employees.

But the trade off for no annual fee and low rates is a relative dearth of other features, such as a rewards or cashback scheme, and those looking to get more than simple spending out of their business credit card may want to look elsewhere.

If you’re thinking about getting a business credit card and aren’t sure which one to pick, take a look at our business credit card comparison page.

Frequently asked questions

What credit limit will I get with the Metro Bank Business credit card?

If Metro Bank offers you this deal, it will specify a tailored credit limit based on Metro Bank's assessment of your situation and your business. The minimum limit offered on this card is £500, and Metro Bank does not specify a maximum. Once you've had the card for a while and shown Metro Bank you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Metro Bank Business credit card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.

There's no cash advance fee on the Metro Bank Business credit card.

The interest rate on this part of your balance will be 17.44% (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use the Metro Bank Business credit card abroad?

Non-sterling transactions within Europe are subject to a 0% charge, and non-sterling transactions elsewhere are subject to a 2.99% charge. For example, if you spend 200 euros (£168.04), it'll cost you around £0.00 in fees.

What is the minimum payment on the Metro Bank Business credit card?

Each month, you must pay at least 5% of your balance at that point or £20.00 – whichever of the 2 figures is greater. So if you had, say, £390.00 outstanding, you'd pay £20.00, and if you had £1,600.00 outstanding, you'd pay £80.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money, which can lead to persistent debt.

Can I get additional Metro Bank Business credit cards for my team?

Yes, you can request up to 9 more. There's no fee for additional cards.

Finder credit card scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score business credit and charge cards to determine their value against similar products on the market. We look at a number of important factors, like the flexibility it offers, any rewards you can earn through company spending, account management tools, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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