Natwest Business Credit Card Terms and Conditions

ClearSpend – Take control of your business credit card account in real time and check your balance on the go. Prepaid cards are different from credit cards. If you use a prepaid card, you`re spending money that you`ve already loaded onto the card in advance. If you use a credit card, you are borrowing money that needs to be repaid. • The bank will never ask you for your password or smart card codes or PIN over the phone (or any part of it). Our card could be the perfect corporate credit card for our commercial bank customers with a turnover of less than £2 million. Do you want to keep an eye on your financial health? Check your credit score and some of the key details you can use to calculate it for free in the app by accessing your profile. You can check it as many times as you want, without affecting your credit score. The credit score is available once they have registered via the app, for customers aged 18 and over with an address in the UK and is provided by TransUnion.

If you exceed your limit, we will charge you a fee of £12. If you only exceed your limit of £12 or less, we will not charge you anything. A good way to avoid exceeding your limit is to log in to NatWest Online Banking or launch our mobile app and check your balance before making your next card purchase. Your registered business address must be in the UK and you must be registered in the UK for tax purposes, if a payment exceeds your last monthly bank statement, then the deductible will be applied to reduce the amounts charged to your card but not yet shown on a monthly statement. This also happens after interest rates, with the highest interest rate being paid first. Annual fee of £30 per cardholder – No card fee in the first year If you travel abroad with a regular credit card, fees ranging from 2-3% may apply for each transaction. This fee is for the service of converting pounds sterling to local currencies and is added in addition to the exchange rate. Every month, we credit your cashback directly to your Business Plus credit card account.

Search for “Cashback Reward” on your bank statement and in the ClearSpend app. The remaining transfer rate you pay is set out in the terms and conditions of your credit card. Business Credit Card Terms and Conditions for sole proprietors, partnerships (up to 3 associates) or unregistered associations (such as charities, clubs, corporations or associations): Absolutely! They are a great card solution for companies where employees travel abroad to work. They allow you to earn benefits for transactions related to eligible business supplies, fuel and accommodation. The beneficiaries agree with RBS Social & Community Capital on the specific conditions of their grant within the framework of the grant agreement. Some cards charge an annual fee on your bill for access to additional benefits. A credit card with no annual fee means you won`t get an annual fee for using that card, but you can still pay a fee for late payments and interest on purchases. You are a director of the company you have on behalf of We want to make the management of your credit card easy and secure. If you`ve misplaced your credit card, you can lock and unlock it in the app. You can also request a PIN reminder or unlock your PIN through the app. This feature only applies to Mastercard credit cards. Yes, you do.

Our business credit card is only available to existing natwest business customers. If you want to become a business customer, take a look at our business current accounts. 2.2 Only authorized users may use Bankline. Third parties may access Bankline with the consent of the customer, an administrator or an authorized user. Only authorized users may use the security data recorded for them and may not disclose it to another person (including another registered user) unless required to do so to a valid and trusted third party. Authorized users must not allow anyone to use their smart card. No. The purpose of a separate card for business expenses is to ensure that business and personal expenses remain separate. This is good accounting practice. Therefore, cashback on the Personal Rewards credit card cannot be combined with that on the Business Plus credit card.

Remember that if you have access to the NatWest mobile app, you can apply for this card. The annual fee is usually £30 per business credit card issued. However, we do not charge a fee for the first 12 months, and if you spend £6,000 or more each year after opening the account, we waive the annual fee each year. Do you have an Android phone? You can store your map data in your secure Google Account. Then, use your phone to pay for everything from boarding passes to restaurant meals. 1.1 Bankline allows the Customer to access and issue instructions (“Instructions”) in connection with the Customer`s accounts and third party accounts (each, the “Accounts”) contained in Bankline. Bankline also allows the customer to access and maintain account management instructions with respect to all business accounts or business cards held with the bank. You can use your Business Plus credit card to pay for goods and services or withdraw money almost anywhere in the world, just pay attention to the MasterCard logo. In addition, we do not charge a non-sterling transaction fee for your purchases with the Business Plus credit card. So if you are traveling abroad or buying abroad, we will not charge you a fee for purchases in a foreign currency. Please note that there is always a cash fee if you withdraw money in a foreign currency and you may be charged a fee by an external bank/ATM provider.

You cannot transfer funds from another NatWest Group credit card or a third party`s personal credit card Although a business bank account and credit cards are opened in your company`s name, banks create a “picture” of your situation based on your personal and business finances. This means that a negative trade credit history can affect the creditworthiness of small business entrepreneurs. Our online tools can help you track your business expenses and simplify your financial management and accounting processes: whether you`re a small business looking for one of our market-leading business credit cards or a large company looking for a payment card/virtual card solution, you can compare our products below. Our cards are ideal for secure transactions and flexible banking services. Sometimes credit cards add a fee for overseas spending, but the NatWest credit card doesn`t have an overseas transaction fee for overseas purchases, so you don`t have to worry about additional costs. Please note that the NatWest credit card will continue to pay ATM fees and cash advances. Our credit card and single card options come with the ClearSpend app, which allows you to efficiently manage your account By starting your application, you confirm that you are giving us your consent to perform a credit check on you and any other person listed in your application. 3.4 The Bank will respond to instructions during business hours on a day when banks in the UK are generally open for business, with the exception of weekends and local holidays (“Business Day”) and in accordance with the cut-off times indicated by the Bank on the Website or in Bankline`s documents. . .

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