Finder rating: ★★★★★
Up to 59 days
Interest-free each billing period
22.4%
Representative APR
£500
Minimum credit limit
| Issuer | Clydesdale Bank |
|---|---|
| Network | Mastercard |
| Annual/monthly fees | Year 1 - £0, Year 2 onwards - £28 per annum |
| Purchases | 16.9% |
| Purchases interest-free period | Up to 59 days |
| Cash advances | 27.9% |
| Minimum credit limit | £500 |
| Maximum credit limit | Subject to status |
| Additional Rewards Info | Receive discounts at participating retailers with the Mastercard Business Savings scheme. Access to SmartData, an online accounting information system to help control business expenses. |
| Potential costs | ★★★★★ |
| Doing its job | ★★★★★ |
| Extras | ★★★★★ |
| Overall Finder rating | ★★★★★ |
| Overall customer rating | Not yet rated |
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.
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.
The Clydesdale Bank Business Credit Card is issued on the Mastercard network so it's accepted at more than 50 million merchant locations across more than 210 countries and territories.
Representative example: When you spend £1,200 at a purchase rate of 34.3% (variable) p.a., your representative rate is 34.3% APR (variable).
Clydesdale scores poorly on reviews site Trustpilot, with 1.3 stars out of 5, giving it a “bad” rating (updated August 2023).
The comments focus on bad customer service experiences, high fees and poor functionality.
| Trustpilot | Apple App Store | Google Play |
|---|---|---|
|
★★★★★ 1.3 out of 5 |
★★★★★ 4.6 out of 5 |
★★★★★ 2.5 out of 5 |
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.
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.
| Minimum amount | Fixed amount | Fixed percentage | Full amount |
|---|---|---|---|
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.
If you’re thinking about getting a business credit card and Clydesdale isn’t for you, take a look at our business credit card comparison page.
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.
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).
Non-sterling transactions are subject to a 2.95% charge. For example, if you spend 200 euros (£173.66), it'll cost you around £5.12 in fees.
Yes. Clydesdale Bank doesn't specify a maximum number of cards you can request. Each card comes with an additional account fee of £28.
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.