By: Kate Anderson | Updated: 13th May, 2019.
The Metro Bank Business Credit Card keeps it simple, with a comparatively low APR and no annual fee. While other cards may offer more in terms of perks and rewards, Metro Bank is known for its ‘no fuss’ approach and adopts that with this card. You won’t find cashback deals and reward points, but what you will find is a decent and solid deal for borrowing.
This card sells itself on its simplicity, getting back to basics in the form of a competitive APR and no annual fee. While this means you won’t receive anything in terms of cashback and rewards, you will get the same APR for cash advances as for purchases, along with no foreign transaction fees for Europe.
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This card sells itself on its simplicity, getting back to basics in the form of a competitive APR and no annual fee. While this means you won’t receive anything in terms of cashback and rewards, you will get the same APR for cash advances as for purchases, along with no foreign transaction fees for Europe.
While the Metro Bank Business Credit Card doesn’t offer a bucketload of promotions, what it does have is likely to interest customers.
Kate Anderson
I worked on the front line of personal-finance best buys for over eight years at one of the world’s largest research companies, Nielsen. I reported daily on the developments of the 2008 financial crisis and beyond, keeping up with the changing financial landscape and providing insights to all the major banks in the UK. I know the key players in the market and the tactics behind how they behave. All of which I will apply to highlight the best deals and give honest reviews to help you in your search.
This card keeps things simple, but this does mean that what you are getting could be considered basic.
If you compare business credit cards, there are many out there that will offer discounts on travel and cashback on purchases, but the likelihood is that you will have to pay an annual fee in order to unlock those perks.
The Metro Bank Business Credit Card has a competitively low APR and the added benefit of no annual fee. While you may not get any reward packages as a result, it doesn’t mean that you will lose out. You will still receive a decent number of additional cards for free plus added bonuses such as fee-free spending in Europe.
In addition, everyone will receive the same rate, and that rate will be applied to purchases, balance transfers and cash advances. It is rare not to be charged more for cash advances, so this is definitely one of the card’s stand-out features.
The card does have a limiting factor in that you will need a Metro Bank Business Current Account or Commercial Current Account in order to apply. Applicants are also required to be aged 18 or over and to be able to make payments via direct debit.
Applications can only be made in a branch. If you already hold a Business Current Account or Commercial Current Account with the bank, you can speak to your relationship manager or local director.
If you are looking for a business credit card that may keep the cost of borrowing low, then the Metro Bank Business Credit Card could be a contender. With a low APR and no annual fee, plus the same rate for purchases, balance transfers and cash advances, everything is set up to be simple and keep costs to a minimum. However, the trade-off is that the card offers nothing out of the ordinary in terms of interest-free introductory periods or any type of reward programme. Its fee-free foreign usage is also limited to just Europe, which, depending on your business spending needs, may be an issue. However, there is something to be said for offering a basic package but doing it well, and in the case of the Metro Bank Business Credit Card that is what you get.
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