Clydesdale Bank Business Credit Card review 2022

Keep up to date with accounting information and stay in control of your expenses with Clydesdale Bank.

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Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £28 per annum, your representative rate is 22.4% APR (variable).

Up to 59 days

Interest-free each billing period

22.4%

Representative APR

£500

Minimum credit limit

Details

IssuerClydesdale Bank
NetworkMastercard
Annual/monthly feesYear 1 - £0, Year 2 onwards - £28 per annum
Purchases16.9%
Purchases interest-free periodUp to 59 days
Cash advances27.9%
Minimum credit limit£500
Maximum credit limitNot specified
Additional Rewards InfoReceive discounts at participating retailers with the Mastercard Business Savings scheme. Access to SmartData, an online accounting information system to help control business expenses.

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.

Expert review

With an annual fee that’s waived in the first year, Clydesdale Bank offers a straightforward business Mastercard with impressive reporting, account summaries and custom alerts for transactional information.

Provided you clear your balance in full and on time each month, your business can take advantage of up to 59 days of 0% interest on your sterling purchases. You’ll also automatically receive special discounts at a range of participating retailers with the Mastercard Business Savings scheme.

Capital on Tap Business Credit Card

Capital on Tap Business Credit Card

  • Get up to £150,000 to grow your business.
  • Earn 1% cashback for every £1 spent.
  • Enjoy up to 56 days interest-free on purchases.
  • No application fees or non-sterling transaction fees.

Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).

Promoted

Pros and cons

Pros

  • Up to 59 days to spread the cost of purchases (provided you pay off your balance in full each month)
  • A relatively low 16.9% interest rate on purchases

Cons

  • Annual fee
  • Applicants with low credit scores are unlikely to be eligible

How does it compare?

Clydesdale Bank's card

1 - 1 of 1
Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
Clydesdale Bank Business Credit Card
16.9%
Year 1 - £0, Year 2 onwards - £28 per annum
N/A
22.4% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £28 per annum, your representative rate is 22.4% APR (variable).
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Compare up to 4 providers

Other popular business cards

Table: promoted then other popular deals
Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
CASHBACK
Capital on Tap Business Credit Card
26.4%
£0
1 point per £1 spent
29.9% APR (variable)
Go to site
Earn 1% cashback for every £1 spent. Upgrade to Capital on Tap Business Rewards Card for £99 pa to choose between earning cashback or Avios and receive 10,000 bonus points when you spend £5,000 on your card in your first 3 months.
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
NatWest Business Credit Card (only available to existing business customers)
16.9%
Year 1 - £0, Year 2 onwards - £30 per annum
N/A
24.3% APR (variable)
Go to site
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 24.3% APR (variable).
CASHBACK
Barclaycard Select Cashback Business Credit Card Mastercard
21.9%
£0
1% cashback
21.9% APR (variable)
Go to site
Get 1% cashback uncapped on all your business spend and an additional 2% cashback on all spend with BT and EE. T&C's apply.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
AVIOS
Capital on Tap Business Rewards Credit Card
26.4%
£99
1 point per £1 spent
29.9% APR (variable)
Go to site
Earn points on all card spend. Points can be redeemed for Avios or 1% cashback. 10,000 bonus points when £5,000 is spent on card in first 3 months.
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
loading

Compare up to 4 providers

Approval for any credit card will depend 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.

Repayment options

You can make manual repayments through Clydesdale Bank's app, by logging in to your online banking or over the phone(0800 032 3971). 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, getting hit with a penalty fee (£12) or losing any promotional rates as a result.

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

If you've compared cards and settled on the Clydesdale Bank Business Credit Card, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you'll need to make the process as straightforward as possible.

Frequently asked questions

What credit limit will I get with the Clydesdale Bank Business Credit Card?

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

Can I withdraw cash using the Clydesdale 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.

The cash advance fee on the Clydesdale Bank Business Credit Card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.

The interest rate on this part of your balance will be 27.9% (chargeable from the day of the transaction – the card's usual "up to 59 days interest-free" grace period won't apply).

How much does it cost to use the Clydesdale Bank Business Credit Card abroad?

Non-sterling transactions are subject to a 2.95% charge. For example, if you spend 200 euros (£177.04), it'll cost you around £5.22 in fees.

Can I get additional Clydesdale Bank Business Credit Cards for my team?

Yes. Clydesdale Bank doesn't specify a maximum number of cards you can request. Each card comes with an additional account fee of £28.

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