The Metro Bank Business Credit Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.
American Express® Business Gold Card
- 20,000 bonus Membership Rewards® points if you spend £3,000 in the first 3 months
- Earn 1 Membership Rewards point for every £1 spent, plus earn an extra 10,000 points when you spend £20,000 every quarter
- Over £600 off at essential business retailers
- No annual fee in the first year*
*Terms apply. Annual fee £175 (£0 first year)
Pros and cons
- 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 14.9% interest rate on purchases
- Applicants with low credit scores are unlikely to be eligible
How does it compare?
Metro Bank's card
Other popular business cards
Table: promoted then other popular deals
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.
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:
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.
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 keep 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 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.
Frequently asked questions
What credit limit will I get with the Metro Bank Business Credit Card?
If Metro Bank is able to offer you this deal, the offer 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 that 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 14.9%, which is the same as the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).
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 two 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 25 more. There's no fee for additional cards.
Finder credit card ratings
★★★★★ — 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.
. 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.