With The Co-operative Bank’s Business Credit Card, you can borrow as and when you need to and spread the cost of your day-to-day business purchases.
Find out how to apply for a Business Credit Card.
If you do not yet have a Co-operative Bank business current account, we will help you open one if your lending application is successful.
The Business Credit Card is available for business use only.
You can use this representative example rate to compare the cost of similar products from other lenders.
The table below gives an overview of some of the important details you need to know about the Business Credit Card. For full details, please refer to the Business Credit Card Summary Box PDF:
Each month, you must pay at least the minimum payment by the payment date shown on the statement we send you. If you want to pay less interest, you can always pay more than the minimum payment.
The minimum payment will be the highest of the following:
We round up the minimum payment to the nearest pound. If you owe less than £5, you must pay us the full amount you owe.
If you make only the minimum payment each month, it will take you longer and cost you more to clear your balance. You can set up a direct debit to pay either the minimum or full balance each month. If you have opted to pay the minimum payment, you can always contact us by calling Business Account Support on +44(0)3457 213 213 to arrange to pay more.
Please note: Your application is subject to status. This means we’ll complete credit checks and an assessment of your financial circumstances.
To apply for the Business Credit Card, you’ll need:
We only require one signatory to sign the application to progress it. We'll ask you to sign any offer in accordance with your account mandate.
After looking at your individual circumstances, we may decline your application. Being refused for a credit card can have a negative effect on your credit rating. If this happens, you should avoid applying for the same card again.
All applications, both successful and unsuccessful, will show up on your credit file.
Read the following important documents and save copies for your future reference:
Use the information gathered in Step 1 to complete the online Business Credit Card application form.
Send us your completed forms
This usually takes about 20 to 60 minutes. You may find it helpful to gather the information listed under ‘What you’ll need to apply’ before you start filling out the form.
We’ll get in touch with you
We aim to get in touch with you within 2 business days of you sending us your completed forms. We might ask you for some additional information at this stage.
You’ll receive a decision from us
We aim to give you a decision within 10 business days of your full application being received. Occasionally, we may require additional information depending on your circumstances.
You pay interest for borrowing money on a credit card. We work out interest daily and add it to your account on the next statement date. You can see how much interest you've been charged by checking your monthly statements.
APR stands for ‘Annual Percentage Rate’. It is an illustration of the cost of borrowing over a year, taking into account the interest rate and any additional fees. You can use the APR to compare the cost of similar products.
When a rate is advertised as variable, it means that it could go up or down.
Fixed means your interest rate won't change for a set period of time. You should always check to see how long your fixed rate lasts.
Per annum is a quicker way of saying 'for each year'. It's usually used to explain how interest is calculated and charged.
Benefit from flexible repayment terms to suit your business needs
Manage your everyday expenses with a flexible cash flow
Optimise cash flow and borrow money short term