Travis Perkins Trade Credit Card review 2020
Designed for businesses that often purchase supplies from Travis Perkins, this credit card comes with a series of appealing features.
Travis Perkins is a builders’ and home improvement retailer that sells pretty much everything that has do to with building houses, from cement to paint to furniture. If that sounds like the kind of stuff your business needs, this credit card may be a good idea to improve your cashflow and give your business’s finances a little extra breathing space.
Finder rating: ★★★★★
Doing its job: 4/5
In a nutshell:
0% interest on purchases
Up to 56 days
Interest-free each billing period
|Purchases||0% for 3 months reverting to 24.9%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£1,000|
|Max credit limit||Subject to status: £25,000|
|Incentive||0% for 60 days on purchases made at Travis Perkins and participating group companies.|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
The Travis Perkins Trade Credit Card comes with no annual fee attached and an introductory 0% for 3 months reverting to 24.9% rate on purchases.
Provided you don’t carry a balance from month to month, you’ll also enjoy up to 56 days of 0% interest on your purchases each billing cycle. When you shop at participating Travis Perkins Group companies, the interest-free period can be almost doubled. All in all, if you keep up with your monthly payments, this card will be 100% for free, which is comparatively uncommon for a business card.
Powered by Barclaycards, Travis Perkins Trade Credit Card also comes with Barclays’ Business Rewards that include a series of discounts at hotels, car rentals and car insurance with Barclays’ partners.
You can use this card anywhere Mastercard commercial cards are accepted.
Pros and cons
- 56 days to spread the cost of purchases (provided you pay off your balance in full each month).
- Customers report excellent customer service when dealing with Barclaycard Business.
- Three months to spread the cost of purchases.
- No annual fee.
- Applicants with low credit scores are unlikely to be eligible.
- You may be offered an opening credit limit as low as £1,000.
How does this card compare with other similar cards on the market?
When it comes to repayments, you can make manual repayments online or over the phone (0808 256 6909), 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 Travis Perkins Trade Credit Card
If you have compared cards and want to apply, completing the secure online application form takes about 15 minutes.
Before you apply, check that you meet the eligibility requirements, which include being a UK business, not already owning a credit card from another participating Travis Perkins group company and having a business annual turnover of at least £10,000.
Be prepared to provide details regarding both you and your business, such as business address and company number, bank details, annual turnover and profit before tax, together with information about other business partners or owners.