By: Kate Anderson | Updated: 23rd July, 2019.

The Royal Bank of Scotland Business Plus Credit Card identifies itself securely as a premium product. With the card having an annual fee of £70, you can expect a range of cashback offers, no foreign transaction fees and up to 56 days interest free on purchases (provided you pay on time and in full). If you expect to spend lots on your card, you could really make the cashback offer work for you and even offset that steep annual fee.

Great for: Earning cashback on business spend
3.5 stars question mark

This card is a level above the average business credit card. It charges more, in the form of the £70 annual fee for each card, but as a result it has no foreign transaction fee, plus you can earn 2% cashback on purchases at eligible trade/business suppliers, 1% on fuel and accommodation and 0.5% on everything else you spend. There is a catch, though, in that cashback is limited to £400 per customer.

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CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 2% cashback on eligible trade/business supplies, 1% cashback on eligible fuel and hotel, 0.5% on all other spend
  • Up to £400 in cashback per year
  • No foreign transaction fees

REPRESENTATIVE EXAMPLE

Representative 29% APR (variable)
Purchase rate 13.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee £70 per card

what we like

  • 2% cashback on eligible trade/business supplies, 1% cashback on eligible fuel and hotel, 0.5% on all other spend
  • Up to £400 in cashback per year
  • No foreign transaction fees
  • ANNUAL FEE:

    £70 per card
  • REPRESENTATIVE APR:

    29%
  • INTRO OFFER:

    N/A

KEY SCORES:

  • 4.5/5 Perks
  • 2/5Fees
  • 1.5/5APR

HIGHLIGHTS

  • 2% cashback on eligible trade/business supplies, 1% cashback on eligible fuel and hotel, 0.5% on all other spend
  • Up to £400 in cashback per year
  • No foreign transaction fees

REPRESENTATIVE EXAMPLE

Representative 29% APR (variable)
Purchase rate 13.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee £70 per card

The Royal Bank of Scotland Business Plus Credit Card bottom line

This card is a level above the average business credit card. It charges more, in the form of the £70 annual fee for each card, but as a result it has no foreign transaction fee, plus you can earn 2% cashback on purchases at eligible trade/business suppliers, 1% on fuel and accommodation and 0.5% on everything else you spend. There is a catch, though, in that cashback is limited to £400 per customer.

Credit Rating Requirement: Good/Excellent

What I like about the Royal Bank of Scotland Business Plus Credit Card

The Royal Bank of Scotland Business Plus Credit Card is all about giving you that something extra.

  • Cashback offer – Here is the ‘plus’ in the Plus Card. Royal Bank of Scotland is offering 2% cashback on purchases at eligible trade/business suppliers, 1% on fuel and accommodation and 0.5% on everything else you spend. If you are unsure which merchants qualify under the offer, the bank has a ‘merchant checker tool’ on its website. You can earn cashback on anything from computers to plumbing and heating equipment. The offer is limited to £400 per year per cardholder, but if you are savvy, you could earn enough cashback to offset the £70 annual fee.
  • Overseas usage – A little something to sweeten the deal is no fees for purchases made abroad, setting the card apart from other standard business credit cards. However, be aware that a cash fee still applies if you withdraw cash while out of the country.
  • Balance transfer – Not every business credit card will allow you to make a balance transfer, so to have this facility on the Business Plus card is a rare find. The bank will allow you to request a balance transfer up to a total of 95% of your available credit limit. However, this isn’t interest free. Balance transfers are charged the same interest as purchases and carry a balance transfer fee which will be specified in your terms and conditions.
  • Account management – What any business wants is to be in control of its spending. The Business Plus card comes with the Smart Data online accounting system, which helps to build reports and analyse business spending, and ClearSpend, which provides real-time balance information and other account management features.
  • Worth knowing – You can only apply for the Business Plus credit card if the business you are representing already has a business account with Royal Bank of Scotland. You also receive 56 days interest free on purchases provided you pay your monthly bill in full and on time.

Why trust me


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.

What could be improved?

Nothing in life is free. While you may be getting something extra with this card, you have to pay a reasonably high fee to get it.

  • Annual fee – The Business Plus card has an above average annual fee of £70, and not only is it above average, but it is per card rather than per credit account. Typically, an annual fee is applied to the business credit account and you can add additional cards to that account. In the case of the Business Plus card, you will be paying £70 per year per card.
  • Additional cards – Following on from my previous point, business accounts with an annual fee attached typically then allow you a certain number of complimentary additional cards. With the Business Plus card you can have additional cards, but each will be charged the annual fee of £70.

How does the Royal Bank of Scotland Business Plus Credit Card offer stack up?

This card is pricier than others, not just because it has an annual fee of £70, but also because it is £70 per card. However, as a result, the cashback offer is more lucrative than others. A cashback yield of 0.5% is a competitive offer, but with the addition of 1% cashback on fuel and accommodation and 2% on supplies you are looking at a tempting opportunity. Add to that the lack of foreign exchange fees and the ability to make balance transfers, and you have a competitive overall package.

The Royal Bank of Scotland Business Plus Credit Card credit score

Royal Bank of Scotland requires you to have a good/excellent credit rating for this card, as well as having a business account with the bank. Your business must also be registered in the UK and you must be aged 18 or over and a UK resident. You can only apply if you represent a limited company, limited liability partnership, a partnership with four or more partners or a charitable incorporated organisation.

How do you apply?

Applications can be made through the bank’s website. You will need to provide full personal details of any directors or partners of the business, including their addresses for the past two years. You will also be required to provide your company’s registration number at application as well as basic business details.

Is the Royal Bank of Scotland Business Plus Card right for you?

If you are a business that is happy to pay to unlock premium features, then the Royal Bank of Scotland Business Plus Credit Card could suit you. Its biggest flaw is a comparatively high annual fee attached to each card, but you could unlock a potentially lucrative cashback programme. Add to that no foreign transaction fees (which, depending on your business spending, could be extremely useful) and the ability to make balance transfers, and you have a card that does stand out from the pack. As well as the shiny, attractive offers, the card has substance in the form of online account management tools such as ClearSpend and SmartData. It looks like £70 per card per year does buy you a lot.

See the Best Business Credit Cards


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