Growing Your Business

Commercial Card

Apply for a commercial card today and be eligible for £30 cashback*

If you're looking for a flexible way to manage your
day-to-day expenses and boost your business cash flow, our Commercial Card could be the answer.
Representative 22% APR variable.

* For new Commercial Card accounts opened only, existing Commercial Card accounts applying for additional cards are not eligible. Cashback offer excludes Isle of Man and Northern Ireland and will be paid before 31 July 2023.

If you don’t want to receive cashback you will need to contact us on 03457 60 60 60 no later than 29 April 2023 to process your request.

Lines are open from Monday to Friday, 8am to 8pm and Saturday, 8am to 2pm.

Click here to view the terms and conditions of the cashback offer (PDF, 157KB)

About our Commercial Card

Watch our 60 second video to find out what the commercial card has to offer.

A business credit card that offers an easy, secure & flexible way for you to manage your cash flow, by providing working capital for general day-to-day expenses or using the extended repayment period to help make larger purchases.

Representative example: based on an assumed limit of £1,200, 15.9% rate p.a. for purchases, 22% APR representative variable. Annual fee after the first year is £32 per card.

A card for the modern world of business

Whatever the challenges your business is facing, the Commercial Card is here to help you increase your working capital and pay with confidence to effectively manage your finances.

HSBC UK Business Banking app: Securely access and manage your Business Cards on the move and view your PIN, with smart security and biometric log on. Available on iOS and Android devices. Visit the Apple App Store or Google Play Store to download.*

Watch our 60 video above to find out more about the Commercial Card

Are your Cardholder contact details up-to-date?

We’re updating the way we authenticate online card payments by adding an additional layer of security to protect your business and help fight fraud – this is called Strong Customer Authentication (SCA).

It’s important that we hold the correct mobile phone number for all Cardholders on your card account. Without this information, transactions may be declined, as we won’t be able to send a One-Time Passcode (OTP) to the Cardholder’s mobile phone to authenticate online payments.

For further information about SCA, you can read the PDF document below.

What you need to do now

Please can you make sure all Cardholders check and update their mobile phone number by calling us on 03455 873 874* (for security and fraud prevention reasons, we’ll need to speak directly with the Cardholder whose details we’re updating).

* We’re open Monday to Friday 8am to 6pm. We may monitor and/or record your calls for security and service improvement purposes. If you’re calling from outside the UK please dial +44 1226 260 876. If you need a Text Relay service, you can download the ‘Relay UK’ app and call our number from within it. For other accessible ways to contact us, please visit: business.hsbc.uk/accessibility.

*Android and Google Play are trademarks of Google Inc.
Apple, iPhone, Touch ID and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Strong Customer Authentication (PDF, 375KB)

Key benefits at a glance

Convenience:

Accepted at around 40 million locations worldwide - online, over the phone or in person. Use contactless for quick and easy purchases up to £100.

Security:

Your card is fully protected, including zero liability for any fraudulent transactions, and we offer a dedicated identity theft helpline, in partnership with PrivacyGuard^®.

Control:

A flexible credit limit which you can tailor to suit the changing needs of your business as it evolves*, with up to 56 days' interest-free credit to boost your cash flow.

Card spending controls

Manage and control spending on all your Commercial Cards by adding single transaction limits, and restricting certain merchant channels (Grocery, DIY stores) or transactions (ATMs, online, international).

Controls can only be applied by Primary Users on our Business Internet Banking desktop website. Once logged in, simply go to: Account services > Card spending controls, and select the card you want to amend.

Managing expenses:

With online banking and monthly paper statements, you can keep track of your transactions at all times. Separate your business and personal spending for quick and easy accounting.

No annual fee for the first year:

This also applies to additional cards issued for employees. Annual fee after the first year is only £32 per card.

Monthly repayment by Direct Debit:

Choose to pay either the full or minimum balance, and switch between the two options at any time. You can also make additional repayments to avoid or reduce any interest paid, or increase the available credit.

*Applications are subject to status. Terms and conditions apply.

Rates and charges

Representative example: based on an assumed limit of £1,200, our 15.9% rate p.a. for purchases gives a representative rate of 22% APR variable.

Summary box

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


APR	Representative 22% APR variable
Interest rates	Purchases & Cash Advances Monthly Rate : 1.238% Annual Rate : 15.9% variable
Interest free period	Up to 56 days (38 days if you pay in full each month by Direct Debit) on Purchases and Cash Advances if you pay your whole balance in full and on time.
Interest charging Information	You will not pay interest on new purchases if you pay your balance in full and on time. Otherwise the period over which interest is charged will be: Purchases & Cash Advances From Date debited to your account Until Paid in full
Allocation of payments	If the amount you pay in a month is less than the full amount you owe, we will apply the amount you pay in the following order: any unpaid arrears or amounts over the credit limit; the amount you owe us and shown in your statement; any transactions, interest or charges not yet included in a statement. We will apply your payment first to amounts on your account which we charge at the highest interest rate followed by amounts we charged at lower rates. In each case, interest and charges are paid off first. If some amounts are charged at the same interest rate, we will apply your payment to the oldest amounts first.
Minimum payment	The minimum monthly payment will be the higher of either £5 or the sum of: 1.5% of the total value of your purchases plus any interest for the period from the last statement plus any fees and charges We recommend that you pay more than the minimum repayment wherever possible. If you make only the minimum repayment each month, it will take you longer and cost you more to clear your balance.
Credit limit	Minimum: £500 Maximum: Subject to status
Charges	Cash Advances: 2.99% handling fee, minimum £3
Default charges	Late payment: £12
Foreign Usage	Travelling in the European Economic Area (EEA)¹? See how paying in local currency on your HSBC UK credit card compares to the European Central Bank (ECB)’s latest foreign exchange rates² here (PDF, 129KB).* ¹ European Economic Area where you can pay in currency includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Iceland, Ireland, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Norway, the Netherlands, Poland, Portugal, Romania, Spain, Slovakia, Slovenia and Sweden. ² This shows the percentage difference between the ECB exchange rate and your HSBC card rates, depending on how you pay. Visa rates can be found here* Dependent upon the type of transaction you undertake one or more of the following charges will apply: Non-Sterling Transaction fee - 2.99% of the sterling amount of the transaction Cash Fee - 2.99% of the amount advanced, minimum £3 * These two links will open a new browser window and may allow you to access another HSBC Group website or other non-HSBC websites. Please read the terms and conditions of the linked website, which may differ from the terms and conditions of HSBC UK Bank plc's website. HSBC UK Bank plc has no control over non-HSBC websites and is not liable for your use of them. ATM Locator For more information on where in the world you can withdraw cash using your card, please visit www.visa.com/atmlocator Please tell us when you’re travelling We automatically monitor your card for unusual non-sterling transactions, so to reduce the chance of us declining a business transaction while you are abroad, please call us on 03457 60 60 60 to let us know you’re travelling before you set off.
Fees	No annual fee for the first year. After the initial 12 month period, the annual fee for each Commercial Card is only £32.

FAQ: About your card

Who can apply for a Commercial Card?

Any business with an HSBC Business Current Account is eligible to apply for a card. Schools and Charities can apply if they are authorised to borrow. (Application is subject to status. Terms and Conditions apply).

How can the Commercial Card be used?

The card can be used online, over the phone or in person, and is accepted at around 40 million locations worldwide.

Can the Commercial Card be used for contactless transactions?

Yes, on receipt of your card, you will need to make a Chip & PIN transaction in order to activate the contactless feature. This will enable you to use contactless for quick and easy purchases up to £100.

Can I use my Commercial Card to withdraw cash?

Yes, as long as this is agreed by the business, cardholders are able to withdraw up to £500 per day in cash, subject to a cash-handling fee of 2.99% (minimum £3.00). Cash advances abroad may be subject to local currency regulations.

Are there any card fees?

There is no annual fee for the first year. After the initial 12 month period, the annual fee for each Commercial Card is only £32. For information on interest rates and other charges, please see rates and charges.

Can I view my statements online?

Yes, up to 6 years of statements can be viewed online using Business Internet Banking. Find out more about Business Internet Banking.

FAQ: Security for your card and business

Is the Commercial Card secure to use online and over the phone?

Yes, your card is a secure way of buying goods and services over the phone and on the internet. We use Visa Secure^® to help protect your card online.

When you place an order on the internet you may be invited to register for the service. If you do not do so, as part of our fraud prevention measures, we may not authorise further internet transactions with participating organisations.

Please also check that the site you are buying from is secure by looking for the closed padlock symbol.

Am I protected against fraudulent transactions?

Yes, your card’s Zero Fraud Liability Protection will cover you in the following instances*

If your card is used, without your authority, to make online transactions
If you issue cards to two or more employees, you are protected if an employee misuses a card

* subject to the Commercial Cards Agreement and Terms and Conditions

How is fraudulent activity detected?

HSBC has a state-of-the-art detection system that looks for any unusual activity in order to help protect you from fraud.

We may contact you to check that transactions are genuine.

How can the Commercial Card protect myself and my business from identity theft?

HSBC work in partnership with PrivacyGuard® to help protect and safeguard your business. You have access to:

a dedicated help-line for advice. If you have any concerns about identity theft, please call PrivacyGuard® on 03456 072 536¹

¹ Lines are open Monday to Friday 8am – 8pm & Saturday 8am – 5pm (lines are closed on Sunday and public holidays). Communications may be monitored and / or recorded

a free online risk-assessment tool to assess the potential risks to your business. The assessment should take around 10 minutes and once completed, will give you practical and tailored advice as to how you can reduce the risk both at home and at work. You can print off your risk assessment report on completion and use it as guidance for the future as to how to reduce the threat of identity fraud. Please click here.

FAQ: Making repayments

How do I make repayments to my Commercial Card account?

By Direct Debit each month from your HSBC Business Current Account. The Direct Debit will be actioned seven days after your statement date and you can choose to pay either the full balance or the minimum repayment.

What is the minimum monthly payment?

The minimum monthly payment will be the higher of either £5 or the sum of:

1.5% of the total value of your purchases plus
any interest for the period from the last statement plus
any fees and charges

How is the interest calculated on my Commercial Card?

Interest will be calculated on a daily basis, from the statement date until the outstanding balance has been fully repaid. If the balance hasn’t been cleared by the next statement date, the calculated interest will be applied and charged at the monthly rate.

Is there a way for me to use the card and not pay any interest?

Yes, if you’re set up on the minimum Direct Debit option, you get up to 56 days interest-free on your purchases (subject to the balance being paid in full within 25 days of the statement issue).

Customers on the full Direct Debit option can get up to 38 days, interest-free. You can also make additional repayments to avoid / reduce any interest paid or free up your available credit.

What happens if I miss my payment date?

If you miss your payment date, a late payment fee of £12 will be charged to your account. Interest will be charged on a daily basis until the outstanding balance has been fully repaid. If you have any concerns about making your monthly repayments, please contact us to discuss your options.

Can I cancel my Direct Debit?

No, you must repay either the full or minimum balance by Direct Debit each month from your HSBC Business Current Account. However, you can switch between the two repayment options free of charge.

Important information

Commercial Card factsheet (PDF, 109KB)

Take a look at the key features and benefits of our Commercial Card

Commercial Card Terms and Conditions (PDF, 238KB)

Read the terms

Contactless

How to pay with contactless and your other questions answered

Don't have Adobe PDF Reader?

Download Adobe Reader

Standards of Lending Practice (PDF, 170KB)

Find out what you can expect when you borrow from HSBC

HSBC UK Business Banking app

Please click here for full mobile banking details

Get your Commercial Card

You’ll need to have an HSBC business current account.

If you are registered for Business Internet Banking, and are the Primary User, you can apply here:

If you are new to HSBC UK or prefer to speak to someone, you can call us now on:

0800 731 8918

We’re open Monday to Friday, 8am to 8pm and Saturday, 8am to 2pm (subject to change over certain periods).

Text Relay service

If you need a Text Relay service, you can download the ‘Relay UK’ app and call our number from within it. For other accessible ways to contact us, please visit our Accessibility page.

Check your eligibility

Find out instantly if you're likely to receive the money you need

Commercial Card

About our Commercial Card

A business credit card that offers an easy, secure & flexible way for you to manage your cash flow, by providing working capital for general day-to-day expenses or using the extended repayment period to help make larger purchases.

Representative example: based on an assumed limit of £1,200, 15.9% rate p.a. for purchases, 22% APR representative variable. Annual fee after the first year is £32 per card.

A card for the modern world of business

Key benefits at a glance

Convenience:

Security:

Control:

Managing expenses:

No annual fee for the first year:

Monthly repayment by Direct Debit:

Rates and charges

Important information

Commercial Card factsheet (PDF, 109KB)

Commercial Card Terms and Conditions (PDF, 238KB)

Contactless

Don't have Adobe PDF Reader?

Standards of Lending Practice (PDF, 170KB)

HSBC UK Business Banking app

Get your Commercial Card

0800 731 8918

Check your eligibility

Existing cardholders, apply for additional credit card

For information about our HSBC Kinetic Credit Card

Commercial Card

Get rewarded for your everyday spending

About our Commercial Card

A business credit card that offers an easy, secure & flexible way for you to manage your cash flow, by providing working capital for general day-to-day expenses or using the extended repayment period to help make larger purchases.

Representative example: based on an assumed limit of £1,200, 15.9% rate p.a. for purchases, 22% APR representative variable. Annual fee after the first year is £32 per card.

A card for the modern world of business

Key benefits at a glance

Convenience:

Security:

Control:

Managing expenses:

No annual fee for the first year:

Monthly repayment by Direct Debit:

Rates and charges

Important information

Commercial Card factsheet (PDF, 109KB)

Commercial Card Terms and Conditions (PDF, 238KB)

Contactless

Don't have Adobe PDF Reader?

Standards of Lending Practice (PDF, 170KB)

HSBC UK Business Banking app

Get your Commercial Card

0800 731 8918

Check your eligibility

Existing cardholders, apply for additional credit card

For information about our HSBC Kinetic Credit Card

Insights

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