Select business credit card summary

Summary Box

The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

APR

  • Representative 28.6% APR (variable)

Interest rates

Purchases

Introductory rate

Monthly interest rate

Annual interest rate

0% interest for 3 months from account opening

1.523%

19.9%

Cash Withdrawals

Introductory rate

Monthly interest rate

Annual interest rate

N/A

2.075%

27.9%

Interest Free Period

  • Maximum 56 days for purchases if you pay your balance in full and on time each month and stay within your credit limit. 
  • No interest free period on cash withdrawals (this is subject to any interest free promotional offer)

Interest Charging Information

If interest is payable, it will be charged over the following periods:

Purchases:

  • date charged to your account until it is paid in full.

Cash withdrawals:

  • date charged to your account until it is paid in full.

Allocation of Payments

If you do not pay your balance in full we will apply payments we receive to reduce higher interest rate balances before lower interest rate balances. For further details, please refer to your terms and conditions.

Minimum Repayment

You must pay at least the minimum payment every month. This will be the higher of:

  • £5, or the full balance if less than £5

If you only make your minimum repayment each month it will take you longer and cost you more to clear your balance.

Credit Limit

Minimum credit limit:

£1,000

Maximum credit limit:

£25,000 (subject to status)

Fees

An annual account fee of £42

Charges

Cash:

3% (minimum £3)

Copies of statements:

£3 for a copy of any statement

Copies of transactions:

£5 per item. There will be no charge if the copy reveals that the Transaction has been wrongly put on your Account

Foreign Usage

Payment Scheme Exchange Rate: Depending on your card type, rates can be found at either Visa  or MasterCard    

One or more of the following may apply:

Non-sterling transaction fee: 2.99%
Non-sterling cash fee: 3% (minimum £3) plus 2.99% non-sterling transaction fee

Default Fees

Late payment fee:

£12

You can avoid paying additional charges by staying within your credit limit and ensuring that your monthly payments are received on time.

Additional important information

Pay less interest with larger monthly repayments

The example below assumes the following:

  • £1000 purchase is added to your account on the 1st of the month and no further transactions made
  • The payment is made each month by the payment due date
  • Standard Rate 19.9% p.a. is charged
  • Calculation includes any introductory rate on purchases. 
  • Credit limit is not exceeded

How much interest will be charged in the first year?

You pay the minimum every month

You pay £50 every month

You pay £100 every month

£130.78

£102.50

£59.45

How much interest will be charged in the second year?

You pay the minimum every month

You pay £50 every month

You pay £100 every month

£157.22

£56.80

-

Time it will take to pay off the balance

You pay the minimum every month

You pay £50 every month

You pay £100 every month

19 years

2 years and 2 months

1 year and 1 month

If you would like this information in large print, Braille or audio format please call 0800 008 008, *.

*Calls to 0800 numbers are free from UK landlines and personal mobiles, otherwise call charges may apply. Calls to 03 numbers use free plan minutes if available, otherwise they cost the same as calls to 01/02 prefix numbers. International calls will be charged at a higher rate.

Barclaycard is a trading name of Barclays Bank PLC. Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP