Product fees may apply. To apply you must be a UK resident aged 18 or over and maintain a business bank account in the same legal entity name with NatWest. Turnover must be up to £2m. Your registered business address must be in the UK and you should be registered for tax purposes in the UK. Subject to status, for business use only.
Our card could be the perfect company credit card for our business banking customers with a turnover under £2m. No annual card fee for the first year, normally £30. The fee will also be waived from the second year onwards if you spend £6,000 or more each year Get 1% cashback at eligible fuel and electric vehicle charging stations Benefit from an interest-free period of up to 56 days when you pay your balance in full Enjoy merchant offers with Business Savings from Mastercard Minimum credit limit of £500, maximum credit limit subject to status Our card has a 5* Moneyfacts rating, so you can select the card with confidence
Pay a minimum of the greater of, £5 or that months interest, any default charges, 1/12th of any annual fee and 3% of the remaining balance (excluding any annual fee) or repay the full amount, and if you want to pay more than the minimum, you’re able to make additional payments. Find out more about minimum payments.
Information MessageClearSpend is a new, convenient, free mobile application available on iOS and Android. Set up reports to help you check and analyse business spending with Smart Data Online.
Information MessageThe annual fee is normally £30 per business credit card issued. However, we won’t charge a fee for the first 12 months, and if you spend £6,000 or more every year from account opening we’ll waive the annual fee each year.
Information MessageTo earn cashback on fuel (including petrol, diesel and LPG) you can spend at petrol stations such as Esso, BP, Shell, Morrison's, Sainsbury's and Tesco. You can earn cashback on electric vehicle charging at commercial electric vehicle charging points such as; Gridserve, Tesla, Pod Point, and Chargemaster. For more information see the Cashback Scheme Terms and Conditions (PDF, 77KB)
Information Message
Business Savings from Mastercard is a free merchant discount programme available with the NatWest Business credit card. You could earn automatic cashback on the things that help you run your business. Restrictions apply. Participating merchants and cashback offers subject to change. Terms apply.
If you don’t pay off your balance in full, there’s a specific order that your payments are applied. Your payments are used to repay the items on your account in the following order:
to reduce sums shown on your most recent monthly statement, according to their interest rates, with the highest rate paid first; and
if any payment exceeds your most recent monthly statement balance, the excess will then be applied to reduce sums charged to your card but not yet shown on any monthly statement. This is also done according to interest rates, with the highest interest rate paid first.
If parts of either of the balances referred to above have the same interest rate, sums on which interest is charged on interest will reduce first.
For further details, please refer to the Business Credit Card Agreement (section 8) and the Business Card General Terms.
We adhere to the Standards of Lending Practice which are monitored and enforced by the LSB.
You may wish to take advice from an independent financial advisor, charity (for example, Citizens Advice) or not-for-profit organisation before entering in to a credit agreement with us.
More details can be found on our Standards of Lending Practice for Business Customers page.
For support on managing your cards including resetting your PIN, adding a cardholder and reporting whether your card has been lost or stolen. Find out all you need to know on how to manage your NatWest credit cards.
You’ll need the personal details of all of the directors or partners of the business (including their home addresses for the last two years). You’ll also need your basic business details, including your Company’s Registration Number (provided by Companies House) if you’re a limited company. The "Ready to apply" sections on the product pages will help you to prepare.
You bet! You can use your business credit card to pay for goods and services or withdraw cash anywhere in the world. Just look out for the MasterCard logo.
Instead of paying the balance in full every month you can just pay the minimum amount by the required date. This is quite handy if your customers are being slow to pay you.
The minimum payment will be the greater of: £5 or the full balance if less; or that month’s interest, any Default Charges, 1/12th of any annual fee and 3% of the remaining balance (excluding any annual fee). Remember: if you only make the minimum payment it will take longer and cost more to clear your balance.
What you should know:
If you only pay the minimum payment it will take longer and cost more to clear your balance and there can be a risk of escalating debt, additional interest or charges and of potential financial difficulties.
How to reduce your interest charges:
The best way to reduce interest charges on your business credit card is by repaying as much of your balance as you can afford to each month. Even if you want to stick to the minimum payment you currently make by monthly Direct Debit, you can still make extra payments on top, any time you want. The back of your credit card statement explains the variety of payment methods you can use.
