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Clydesdale Bank Business Credit Card

By: Kate Anderson | Updated: 6th July 2020.

If you like to be in control of your business finances, then take a look at the Clydesdale Bank Business Credit Card. With its SmartData online accounting system, it is set up to let you know where your money is being spent and when. Add to that 59 days interest free on purchases and your first year’s membership fee waived, and you are looking at a card that will make you feel confident and secure.

Great for: Business credit card to track spending
2 stars question mark
Clydesdale Bank business credit card

This card is focused on making sure you know what is going on with your business money. Its standout feature is its SmartData online account system, which allows you to view and track card spending for every employee. The card also offers Mastercard SecureCode as standard and anti-fraud technology, all designed to put your mind at ease. It carries an annual fee of £28 (with the first year free).

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CREDIT RATING req:

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

HIGHLIGHTS

  • Annual fee waived in the first year
  • SmartData online accounting system to keep track of spending

REPRESENTATIVE EXAMPLE

Representative 22.4% APR (variable)
Purchase rate 16.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee £28

what we like

  • Annual fee waived in the first year
  • SmartData online accounting system to keep track of spending
  • ANNUAL FEE:

    £28
  • REPRESENTATIVE APR:

    22.4%
  • INTRO OFFER:

    Annual fee waived for the first year.

KEY SCORES:

  • 2/5 Perks
  • 3/5Fees
  • 3/5APR

HIGHLIGHTS

  • Annual fee waived in the first year
  • SmartData online accounting system to keep track of spending

REPRESENTATIVE EXAMPLE

Representative 22.4% APR (variable)
Purchase rate 16.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee £28

The Clydesdale Bank Business Credit Card bottom line

This card is focused on making sure you know what is going on with your business money. Its standout feature is its SmartData online account system, which allows you to view and track card spending for every employee. It also offers Mastercard SecureCode as standard and anti-fraud technology, all designed to put your mind at ease. It carries an annual fee of £28 (with the first year free).

Credit Rating Requirement: Good/Excellent

What I like about the Clydesdale Bank Business Credit Card

While the Clydesdale Bank Business Credit Card isn’t offering anything flashy, it is offering its customers peace of mind.

  • Account management – This is the key selling point of the card. If you are a small business and are looking to keep on top of your business spending, the card’s SmartData online account system is designed to do just that. It allows you online access to card spending data for every employee as well as transaction information and account summaries. SmartData is delivered directly to a personal computer, so you do not have to buy in to a big IT infrastructure. Instead you can benefit from individualised alerts to help manage card expenditure and annual statements to help you with your tax reporting.
  • Discount scheme – As a cardholder you can access the Mastercard Business Savings scheme, which offers discounts at a range of participating retailers. However, it is worth noting that the scheme is currently very small in the UK, with only one participant, in the form of Avis. This may grow in the future, with more discounts becoming available. In the meantime, you are looking at a 5% discount with the car hire company.
  • Security – If you are a small business, then you want to make sure you are not vulnerable to fraud. With the Clydesdale Bank Business Credit Card you can benefit from standard Mastercard security features such as Mastercard SecureCode.
  • Other benefits – This card offers slightly longer for interest-free purchases. Most cards offer 56 days interest free, provided you pay your balance in full and on time, but Clydesdale Bank is offering cardholders 59 days interest free.
  • Worth knowing – While the interest rate for purchases is comparatively low, cash advances are charged at a much higher rate of interest and carry a cash fee of 3%.

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?

While this card may offer the level of account management you are after, you need to consider the fees attached to other features.

  • Annual fee – The card has an annual fee of £28, which is waived for the first year of membership. The fee itself is at the lower end of what business cards charge, but then you don’t get much extra for paying it. The main extra element is access to the SmartData programme, but other than that it’s hard to see what your fee would buy you.
  • Overseas usage – The card carries a non-sterling transaction fee of 2.95% and has a cash advance fee for withdrawals made abroad of 3% (or minimum £3). This is not unusual in itself, but the presence of the annual fee makes it a bit of a surprise that you also have to pay to use your card abroad.
  • Cash advances – This card has a significantly higher interest rate for cash advances than it does for purchases. While this isn’t uncommon among credit cards aimed at consumers, there are other business credit cards on the market that keep the interest rate for purchases and cash advances the same or very similar.

How does the Clydesdale Bank Business Credit Card offer stack up?

This card is middle of the road in terms of what it offers compared with other cards on the market. It has a comparatively low interest rate for purchases, but not the lowest available, and there is the issue of cash advances being charged at a much higher rate. Its annual fee is at the lower end of the market, but there are cards out there that have no annual fee. You also get an additional three days interest free on purchases (if you pay your balance in full and on time) compared with other cards, but three days is not that much in the grand scheme of things. The card does offer a good account management feature in the form of its SmartData service, but that is really the only thing that sets it apart from other cards on the market.

The Clydesdale Bank Business Credit Card credit score

In order to be eligible to apply for this card, you need to be aged 18 or over with a good/excellent credit score.

How do you apply?

Applications can be made through the bank’s website, where you will need to provide some personal details and details about your business and your borrowing requirements. A member of the business team will then get in touch with you. Alternatively you can phone the bank or speak to someone in a branch.

Is the Clydesdale Bank Business Credit Card right for you?

If high on your list is being able to track and record what is spent for your business, where and when, then the Clydesdale Bank Business Credit Card could be a good fit. The SmartData accounting system allows users that level of overview and provides them with the tools to make account management easy. However, there aren’t many other features of this card to tempt you, and there are other cards available that either offer a lower interest rate or more in terms of rewards for the annual fee you would be paying.

See the Best Business Credit Cards


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