Card Provider

MBNA Business

Transfer Rate

0.0%

Transfer Term

12 mths

Purchase Rate

0.0%

Purchase Term

3 mths

BT Notes

A fee of 3.00% (minimum £3.00) may be charged for balance transfers.

Typical APR

15.9%

Minimum Age

18

Minimum Income

£0

Credit Limits

Decided by provider

Interest Free Period

57 days

Annual Fee

0

Cash Advance Charge

2.5% handling fee (min.£3, mo max)

Cash Back

None

Rewards

- Available for the Medium and Larger Business Card only
- 1 destinations mile every time you or an additional cardholder spends £1 on card purchases. Uses the Star Alliance network, including bmi.
- FREE Worldwide Annual Travel Insurance

Minimum Monthly Payment

The lesser of:
- 2.5% of the balance shown on the statement (at least £5.00); or
- the charges for Payment Protection Cover, plus interest charged on the statement, handling fees and default charges, plus £5.00; or
- the balance on the statement if this is less than £5.00.

Other Information

- Business must have been trading for 2 years
- Two types of card depending on size of business. Sole trader and partnership cards (generally 1 to 3 cards per business). Medium and Large Businesses (generally 4 to 50 cards per business)
- Introductory rate on Medium / Large business card is 7.9%. Annual Fee on this card is £65
- A dedicated MBNA Business Customer Service Team - talk to a real person who knows the day-to-day needs of the business Customer.
- Itemised monthly statements for easy admin. Monitor and control additional cardholders spending.
- Specially negotiated discounts from business suppliers to save your business money.
FREE Purchase Protection Insurance