Business Card
Stay in control of business expenses
Want to spend more time thinking about growing your business and less time worrying about your cash flow? Then let the Yorkshire Bank MasterCard Business Credit Card help you manage your business finances more effectively. Benefits include;
- Up to 56 days interest free credit on purchases
- A secure way to manage cash flow
- View reports online and help protect your business from fraud
- An attractive interest rate
- No annual fee to pay for the first year.
To find out more:
- Call into your nearest branch or call 0845 606 4477
- If you’re an existing Business customer, contact your Business Manager
- Existing Business Direct customers, call 0845 606 4477
More Benefits
- Automatically receive special discounts at a range of participating retailers with the MasterCard Business Savings™ scheme. Full details of the programme and the participants are available at www.mastercardbusinesssavings.co.uk (opens in new window)
- Business Travel Accident Insurance, including compensation for travel delays in excess of 12 hours*
Further Features
Advanced Fraud Protection comes as standard with your Yorkshire Bank Business Credit Card
- Latest Anti Fraud Technology
- Chip and PIN cards
- MasterCard SecureCode
SmartData
Keep up to date with accounting information and stay in control of your expenses. SmartData, an online accounting system, comes as standard with your MasterCard Business Credit Card. Features include;
- Quick and easy online access to card spending data for every employee
- Tracking and reporting of detailed card spending, including transaction information, account summaries and other vital information
- Set individualised alerts to help manage card expenditure
- Easy record keeping for tax time with comprehensive yearly reports
- Data and reporting delivered directly to your personal computer without complicated desktop software
- Comprehensive online user guides to assist with every feature
If you are an existing MasterCard Business Credit Card customer:
*Subject to terms and conditions, which are available on request
Important Information
SUMMARY BOX - Yorkshire Bank MasterCard Business Card
The information contained in the table below summarises key product features and is not intended to replace any terms and conditions.
| Representative 16.9% APR Variable | |||||||||||||||
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| Other Interest Rates | Monthly Rate | Annual Rate | |||||||||||||
| Purchases | 1.313% | 15.76% | |||||||||||||
| Cash Advances | 2.075% | 24.9% | |||||||||||||
| Interest-Free Period | – Maximum 56 days for purchases if you pay your balance in full and on time – There is no interest-free period on cash advances |
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| Interest Charging Information |
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| Allocation of Payments | If you do not repay the entire balance on your account we will apply the amount you pay to the outstanding balance starting with those items to which the highest rate applies. For further details please refer to your credit card terms and conditions. | ||||||||||||||
| Minimum Repayment | – The minimum payment is an amount equal to or at least 3% of the outstanding statement balance or £5, whichever is greater – Only ever making the minimum repayment will significantly increase the time taken to clear your balance and cost you more |
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| Amount of Credit | Minimum credit limit of £500, maximum credit limit subject to status. | ||||||||||||||
| Fees | An annual fee will be charged to your Account for each Card issued, but this fee will not be charged for the first 12 months after a Card is issued – £28 | ||||||||||||||
| Charges | Cash advances – 3% (minimum £3.00) Copies of Statements or Vouchers – £5 Foreign Currency Transactions – 2.95% (including purchases of foreign currency and travellers’ cheques) Administration fee for returned cheques or Direct Debits – £12 |
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| Default Charges | Late payment or Over limit fees – £12 | ||||||||||||||
Information correct as at 21st January 2011.
ILLUSTRATIVE EXAMPLE – Yorkshire Bank MasterCard Business Card
| You spend £1,000 on 1st January and make no other transactions The following example highlights the difference between only paying the minimum and a fixed amount each month on your Credit Card |
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|---|---|---|
| Monthly Payment | Minimum Payment each month | £50 each month |
| Without taking into account any introductory rates, how much interest will you be charged in the first year ? | £128.60 | £112.30 |
| How much interest will you be charged in the second year ? | £114.69 | £47.09 |
| How long would it take to clear the balance ? | 12 years & 3 months | 2 years & 0 months |
Please note, the above example assumes the following:
– Representative 16.9% APR Variable. It excludes introductory rates
– The transaction takes place on 1st January and you make no further transactions
– Your statement is produced on the 1st of each month
– You always make a payment on the due date
Useful telephone numbers
– Business Card Helpdesk - 0844 736 0045
– Forgotten your PIN? - 0844 736 0045
– Lost or stolen cards (24 hours) - 0844 736 0045
Terms and Conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is authorised and regulated by the Financial Services Authority (FSA Register No. 121873). Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.