Business Overdrafts
Be financially flexible with a business overdraft.
Benefits of a Business Charge Card
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*No annual fee for each card added in the first 12 months of business card account opening. After the first year, we’ll charge an annual fee of £32 per cardholder, unless you spend £6,000 or more across all cards each year.
**Up to 56 days interest-free applies to all purchases, but there may be other charges and fees for non-sterling purchases. Fees and interest apply to cash withdrawals.
***Cashback doesn’t apply to cash withdrawals, balance transfers, money transfers, cryptocurrency or gambling transactions.
Work out how much cashback you could earn
You can earn 1% cashback on fuel and electic vehicle charging and 0.5% on other purchases.
Fuel/EV charging
Other purchases
This calculator provides an illustration only.
Any cashback earned is credited to your card account monthly.
Frequently asked questions
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A Business Charge Card can be used for any of your business transactions and expenses. This includes things like equipment, travel costs, entertainment or office supplies. Our Business Charge Card is accepted in millions of outlets worldwide, where the Mastercard® sign is displayed. Allowing you to withdraw up to £500 a day, it’s a convenient way to cover costs on the go and helps you to manage employee spending.
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This is a fee charged every 12 months as a condition of continuing to hold this Business Charge Card account. Each card added in the first 12 months of the Business Card account opening won’t be charged the first annual fee. After the first year, we’ll charge an annual fee of £32 per cardholder, unless you spend £6,000 or more across all cards each year. There may be other costs attached to holding a Charge Card account, which are outlined in this account’s fees and charges below.
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A credit limit is the maximum amount you can borrow on your card at any one time. As part of your application we'll undertake an affordability assessment based on what you've told us about your business and how much you would like as your credit limit, and using data we hold on your business or which is available externally. Your credit limit will be based on your current circumstances and may vary.
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You can apply by logging on to our Internet Banking services or business banking app.
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During the application process, we'll carry out a credit assessment that may include a credit bureau check. Unless your credit history shows multiple applications, your credit rating shouldn’t significantly deteriorate. Lenders are likely to see occasional enquiries as part of a typical business process.
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Yes, you can view your Lloyds Bank Business Charge Cards online through Online for Business.
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If you are registered as a full access user with Online for Business, you can make changes to your Business Representatives and cardholders online.
Fees and charges
The information in these tables summarises key product features and is not intended to replace any terms and conditions.
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Charges Cash withdrawals
2.5% handling fee, minimum £2.50
Copy of Transaction Receipts
£5 per item (there will be no charge if your query reveals an error has been made)
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Each card added in the first 12 months of Business Card account opening won’t be charged the first £32 annual fee. After the first year, we’ll charge an annual fee of £32 per cardholder, unless you spend £6,000 or more across all cards each year.
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Foreign fees Non-Sterling transaction fee
2.95% of the amount of the Sterling transaction value. If withdrawing cash, you will also pay the cash withdrawal charge.
Payment scheme exchange rate
You can find indicative rates at Mastercard®
Helping you compare our credit card currency charges with other providers
You can now compare our currency conversion charges for card transactions in euro and other EEA currencies. We display these charges as a percentage mark up over the European Central Bank reference rate (ECB rate). The table below does not take into account any other transaction costs we charge, for example foreign currency cash fees.
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Your Credit Card foreign currency transaction fee mark up over the ECB rate. |
##euromarkup##% |
Exchange rates
The table should be used as a guide only. Rates are updated once a day on business days. We use Mastercard rates and ECB rates which are subject to change.
Transactions in EEA currencies other than euro will be converted to euro first, then pounds sterling.
You can find the latest available Mastercard exchange rate here.
Fees for currency conversion
The comparison above uses the credit card standard non-sterling transaction fee of 2.95%.
Lending appeals
The right type of funding can play a vital role in helping your business reach its potential. If your lending application is declined, we will work with the British Bankers’ Association to pursue any raised appeals.
†To provide you with Buyers Protection Insurance and Travel Insurance, Lloyds Bank works with Aspire Insurance Advisers, who administer the policy on behalf of Certain Underwriters at Lloyd’s of London.
Cashpoint® is a registered trademark of Lloyds Bank plc.
Mastercard® is a registered trademark.