RBS Business Credit Card Review December 2019

For RBS Business Banking customers this straightforward business credit card offers a competitive ongoing (albeit variable) rate and a free app for real-time monitoring and control.

Representative example: When you spend £1,200 at a purchase rate of 18.268% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 24.3% APR (variable).

0%

Balance transfer fee

24.3%

Representative APR

Up to 56 days

Interest-free each billing period

Details

IssuerRoyal Bank of Scotland
NetworkMastercard
Annual/monthly feesYear 1 - £0, Year 2 onwards - £30 per annum
Balance transfers18.268%
Balance transfer fee0%
Purchases18.268%
Purchases interest-free periodUp to 56 days
Cash advances18.268%
Min. credit limit£500
Max credit limitNot specified
IncentiveFree 'online account servicing'.

If you already use Royal Bank of Scotland (RBS) Business Banking, then this no-frills card could help your company deal with an irregular cash flow. Provided you pay off your balance in full each month, you’ll be able to take advantage of up to 56 days of 0% interest on your purchases each billing cycle (although this doesn’t apply to cash advances).

Aside from the annual fee, which is waived in the first year for RBS Startup Bank Account holders (or those happy to switch), if it’s used carefully, this card doesn’t have to cost your company a penny.

Unlike many other business cards, including RBS’s own Business Plus card, there’s not much in the way of perks so you won’t find airport lounge access or the opportunity to earn cashback. One of the card’s strongest features might well be its below-average standard rate of 18.268%. If you’re currently paying more elsewhere, you might opt to take advantage of the balance transfer facility (no 0% offers here, sadly) to save on the interest you’re paying each month.

RBS business credit cards are issued on the Mastercard network, so they can be used at more than 35 million merchants and ATMs worldwide.

How does this deal compare?

Table: sorted by representative APR, promoted deals first
Updated December 13th, 2019
Name Product Purchases Annual/monthly fees Rep. APR Incentive Representative example
Capital on Tap Business Credit Card
39.9
£0
39.9% (variable)
Opt-in to Capital Club for £99 pa to earn 1 point for every £1 spent. 2 points can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 15 free supplementary cards available.
Representative example: When you spend £1,200 at a purchase rate of 39.9% (variable) p.a., your representative rate is 39.9% APR (variable).
Capital on Tap Business Credit Card with Capital Club membership
39.9%
Capital Club £99 p.a. or On Tap Club £249 p.a
39.9% (variable)
Earn 1 point for every £1 spent. 2 points can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 15 free supplementary cards available. Opt-in to On-Tap Club for £249 pa to earn 1 point for every £1 spent. 1 point can be redeemed for either 1 Avios or 1p in cashback. 20,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
Representative example: When you spend £1,200 at a purchase rate of 39.9% (variable) p.a., your representative rate is 39.9% APR (variable).
British Airways American Express Accelerating Business Card
22.9%
£210 per annum
81.6% (variable)
Earn 1.5 On Business Points for every £1 spent with BA on eligible flights and 1.5 Avios for every eligible £1 spent on credit card. Earn an extra 3,000 On Business Points annually when £20K or more spent by card anniversary.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £210 per annum, your representative rate is 81.6% APR (variable).
American Express Gold Business Card
N/A (this product is a charge card).
£125 (£0 in first year)
N/A (this product is a charge card).
Earn 20,000 bonus Membership Rewards® points when you spend £3,000 in first 3 months of Card membership. Earn 1 Membership Rewards® point for every £1 spent thereafter.
American Express Platinum Business Card
N/A (this product is a charge card).
£595 p.a.
N/A (this product is a charge card).
Earn 40,000 bonus Membership Rewards® points when you spend £6,000 in first 3 months of Card membership. Earn 1 Membership Rewards® point for every £1 spent thereafter.
Metro Bank Business Credit Card Mastercard
14.9%
£0
14.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 14.9% (variable) p.a., your representative rate is 14.9% APR (variable).
HSBC Commercial Credit Card Visa
15.9%
Year 1 - £0, Year 2 onwards - £32 per annum
22% (variable)
Identity Theft Assistance helpline and online tool. Liability Waiver for companies who have two or more cardholders. 24 hour customer service support.
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).
Bank of Scotland Business Credit Card Mastercard
17.57%
£32 per annum
22.4% (variable)
Representative example: When you spend £1,200 at a purchase rate of 17.57% (variable) p.a. with a fee of £32 per annum, your representative rate is 22.4% APR (variable).

Compare up to 4 providers

Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0345 307 0900), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee 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 for the RBS Business Credit Card

If you’ve compared cards and want to apply, you can download an application form from the RBS website. You’ll then need to submit the form in one of the following ways:

  • Scan and email the form
  • Post the form to RBS
  • Drop the form in at a branch

To help speed up your application, it’s a good idea to have a few key details at hand. You’ll need your business address, trading address (and registered address if different) and company number if you have one. You’ll also be asked for financial information such as your business turnover, net profit before tax and bank details. Finally, RBS will need details of each business partner/owner, including their date of birth and three years’ UK residential address history.

If you want to transfer a balance, you’ll need to phone the RBS business team (0345 307 0900).

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.

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2 Comments

  1. Default Gravatar
    Jim
    April 4, 2019

    if i do a banking switch what happens to my business credit card

    • Avatarfinder Customer Care
      johnbasanes
      April 5, 2019

      Hi Jim,

      Thank you for reaching out to Finder.

      If you plan to switch to a new bank and cancel your existing bank account, you would lose the business credit card attached to the bank account. You may need to apply for a business credit card with the bank you would be switching to. Hope this helps!

      Cheers,
      Reggie

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