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.
The Yorkshire 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.
Earn uncapped Avios or cashback on business spending
Up to 1% cashback or 1 Avios per pound spent
Up to 10,000 bonus points when you spend £5,000 in 3 months
Up to 20 free supplementary cards
Up to 56 interest-free days on purchases each billing cycle
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
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 Yorkshire Bank's app, by logging in to your online banking or over the phone (0800 032 3971). 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, getting hit with a penalty fee (£12) or losing any promotional rates as a result.
Choose from the following direct debit options for your monthly repayments:
How to apply
If you've compared cards and settled on the Yorkshire Bank Business credit card, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you'll need to make the process as straightforward as possible.
Frequently asked questions
What credit limit will I get with the Yorkshire Bank Business credit card?
If Yorkshire Bank is able to offer you this deal, the offer will specify a tailored credit limit based on Yorkshire Bank's assessment of your situation and your business. The minimum limit offered on this card is £500 and Yorkshire Bank does not specify a maximum. Once you've had the card for a while and shown Yorkshire Bank that you're reliable, you may wish to apply for a credit limit increase.
Can I withdraw cash using the Yorkshire 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.
The cash advance fee on the Yorkshire Bank Business credit card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.
The interest rate on this part of your balance will be 27.9% (chargeable from the day of the transaction – the card's usual "up to 59 days interest-free" grace period won't apply).
How much does it cost to use the Yorkshire Bank Business credit card abroad?
Non-sterling transactions are subject to a 2.95% charge. For example, if you spend 200 euros (£169.26), it'll cost you around £4.99 in fees.
Can I get additional Yorkshire Bank Business credit cards for my team?
Yes. Yorkshire Bank doesn't specify a maximum number of cards you can request. Each card comes with an additional account fee of £28.
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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.
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