TSB Business Credit Card review

Take control of your business spending and set individual card limits for your staff with TSB.

Last updated:

  • Must read: Business Credit Card by TSB discontinued

As of June 2019, this card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to browse the range of credit cards currently available from TSB and to compare similar cards from other issuers.

In return for a fee of £0, TSB offers a straightforward Visa business card with a tailored credit limit between £50 and £25,000.

Provided you clear your balance in full and on time each month, your business can also to take advantage of up to 45 days of 0% interest on your sterling purchases.

Key details

IssuerTSB
NetworkVisa
Annual/monthly fees£0
Purchases17.6%
Purchases interest-free periodUp to 45 days
Cash advances17.6%
Min. credit limit£50
Max credit limitSubject to status: £25,000
Additional cards available20
Annual/monthly fees£0
Minimum monthly payment5% or £5 (whichever is greater)
Foreign usage charge (EU)2.95%
Foreign usage charge (rest of world)2.95%
Cash advance fee2.5% (min. £2.5)
Late payment fee£12
Duplicate statement fee£6
Exceeding limit fee£12
Additional card fee£0
Dormancy fee£0
Representative example: When you spend £1,200 at a purchase rate of 17.6% (variable) p.a., your representative rate is 17.6% APR (variable).

Compare TSB credit cards

Table: sorted by representative APR, promoted deals first
Updated January 27th, 2020
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Representative example
TSB Advance Mastercard
0% for 3 months reverting to 7.95%
0% for 3 months reverting to 7.95%
£0
7.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 7.95% (variable) p.a., your representative rate is 7.9% APR (variable).
TSB Platinum 20 Month Purchase Mastercard
0% for 20 months reverting to 19.95%
0% for 20 months reverting to 19.95%
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).
TSB Student Mastercard
19.95%
19.95%
£0
19.9% (variable)
Representative example: When you spend £1,000 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).
TSB Platinum 28 Month Balance Transfer Mastercard
0% for 3 months reverting to 19.95%
0% for 28 months reverting to 19.95%
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).
TSB Classic Mastercard
0% for 10 months reverting to 26.95%
0% for 10 months reverting to 26.95%
£0
26.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 26.95% (variable) p.a., your representative rate is 26.9% APR (variable).

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How does this deal compare with other business cards?

Table: sorted by interest rate on purchases.
Updated January 27th, 2020
Name Product Purchases Annual/monthly fees Rep. APR Incentive Representative example
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).
Capital on Tap Business Credit Card
39.9
£0
39.9% (variable)
Upgrade to Capital on Tap Business Rewards Card for £99 pa to earn 1 point for every £1 spent. 1 point 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 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).
Capital on Tap Business Rewards Card
39.9%
£99 p.a.
39.9% (variable)
Earn 1 point for every £1 spent. 1 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 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).
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.
Barclaycard Business Flex Credit Card Mastercard
0% for 3 months reverting to 24.9%
£0
24.9% (variable)
Business Rewards - giving a range of discounts and rebates (up to 66% off AA membership, save 20% on B2B marketing sites and access to 99 UK business credit reports for £75, 5% Avis rebate, 15% off Ryman's stationary, up to 15% off with APH, £60 driving credit and first year membership free with Zipcar, first year of FSB registration free, 20% off bPay by Barclaycard device, up to 15% off ecommerce website with cloudBuy, 5% rebate on online advertising spend with Bing, 10% off selected hotel reservations for business trips with booking.com, 4% rebate at over 5,000 hotels and 10,000 restaurants and 1% rebate at petrol stations at selected locations with the USA and Canada with Mastercard, 3% off business flights with flybmi and 25% off first £200 spend at Amazon Business).
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Toolstation Trade Card Mastercard
0% for 3 months reverting to 24.9%
£0
24.9% (variable)
Apply for a card and spend on it between 11.11.19 and 31.3.20 and receive one prize draw entry to win 1 of 3 van wraps, maximum 10 entries.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Travis Perkins Trade Credit Card Mastercard
0% for 3 months reverting to 24.9%
£0
24.9% (variable)
0% for 60 days on purchases made at Travis Perkins and participating group companies.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Barclaycard Business Premium Plus Credit Card Mastercard
0% for 6 months reverting to 14.9%
£100 per annum
36.2% (variable)
0.5% after £1 of yearly spend. Maximum of £400 cashback paid per year. Cashback paid Anniversary into Card Account. If less than £10 Cashback earned in any Cashback Year, it will not be credited to the account and will not be carried forward to the following year.
Representative example: When you spend £1,200 at a purchase rate of 14.9% (variable) p.a. with a fee of £100 per annum, your representative rate is 36.2% APR (variable).
Barclaycard Business Select Credit Card Mastercard
0% for 6 months reverting to 19.9%
Year 1 - £0, Year 2 onwards - £32 per annum
26.4% (variable)
Business Rewards - giving a range of discounts and rebates (up to 66% off AA membership, save 20% on B2B marketing sites and access to 99 UK business credit reports for £75, 5% Avis rebate, 15% off Ryman's stationary, up to 15% off with APH, £60 driving credit and first year membership free with Zipcar, first year of FSB registration free, 20% off bPay by Barclaycard device, up to 15% off ecommerce website with cloudBuy, 5% rebate on online advertising spend with Bing, 10% off selected hotel reservations for business trips with booking.com, 4% rebate at over 5,000 hotels and 10,000 restaurants and 1% rebate at petrol stations at selected locations with the USA and Canada with Mastercard, 3% off business flights with flybmi and 25% off first £200 spend at Amazon Business).
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £32 per annum, your representative rate is 26.4% APR (variable).

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Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0345 835 3858), 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 TSB Business Credit Card

If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that your company meets the eligibility requirements and that you have the information and documents you’ll need to make the process as straightforward as possible.

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