Commercial Card

Is your business is spending a lot of time each month reconciling and allocating short term business expenditure?
Maybe it's time for you to consider what a Bank of Ireland UK Commercial Card could do for you.

Check if your eligible to apply

  • You’re an existing Business Current Account holder
  • Your business is based and registered in the UK
  • You and all other partners, members, directors or shareholders are UK residents

All credit is subject to status.

 

Overview

Our Commercial Card can help you manage your business spending. It can be used by you and your staff to buy everyday items to keep your business going. It can also be used for other less regular spending as needed from time to time.

Benefits to your business

  • The balance is repaid in full each month from your Bank of Ireland UK Business current account. You won’t be charged interest if you repay the full amount each month. If you don’t, interest will apply at the standard rate.
  • Payment must be made by direct debit from your Bank of Ireland UK Business Current Account
  • Liability Waiver Insurance. This can protect you from staff making card payments you didn’t authorise. This is subject to terms, limits and exclusions.
  • You can set different credit limits on each card to suit your needs.
  • There is no limit on the number of cards which can be added to your account.
  • You no longer need to spend time on staff expense claims.

Benefits to your employees

  • Staff don’t have to spend time claiming back expenses.
  • Can be used instead of cash when travelling abroad.
  • Can be used at over 25 million places worldwide.
  • Can be used to meet most business spending needs
  • View your card and transaction details online. You will need to register for Business On Line to do this.

Security, including a personal guarantee may be required to support your borrowing requirements. There may be additional cost if security is required.

 

Representative example

25.7% APR representative (variable)

22.06% purchase rate per year (variable)

£1,200 assumed credit limit

£25 annual fee

 

Interest rates, charges and credit limits

  • Purchases: you’ll pay 22.06% annually
  • Cash transactions: you’ll pay 22.06% annually and a 2.5% cash fee for each transaction subject to a minimum of £3
  • Non sterling transaction fee: 2.75% will be added to the sterling value of any transaction occurring in a currency other than sterling
  • Up to 37 days interest-free credit on purchases when you pay your balance in full and on time each month.
  • Minimum credit limit of £500, maximum limit based on status.

Please view our Commercial Card Terms and Conditions below.

Commercial Card Terms and Conditions
Card Liability Waiver Insurance
Business Card Liability Waiver Insurance Claim Form

To find out more or to request an application form please complete the business enquiry form.