Yorkshire Bank Business Credit Card review September 2020
Keep up to date with accounting information and stay in control of your expenses with Yorkshire Bank.
You say: ★★★★★We say: ★★★★★
Doing its job: 4/5
In a nutshell:
Up to 59 days
Interest-free each billing period
|Annual/monthly fees||Year 1 - £0, Year 2 onwards - £28 per annum|
|Purchases interest-free period||Up to 59 days|
|Min credit limit||£500|
|Max credit limit||Not specified|
|Incentive||Receive discounts at participating retailers with the Mastercard Business Savings scheme.|
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.
With an annual fee that’s waived in the first year, Yorkshire Bank offers a straightforward business Mastercard with impressive tracking and reporting of transaction information, account summaries and other vital information broken down by cardholder.
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.
How does this deal compare with other business cards?
Pros and cons
- 59 days to spread the cost of purchases (provided you pay off your balance in full each month).
- Annual fee.
- Applicants with low credit scores are unlikely to be eligible.
When it comes to repayments, you can make manual repayments online or over the phone (0800 032 3971), 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 Yorkshire Bank 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 have the information and documents you’ll need to make the process as straightforward as possible.