Commercial Card

Our Commercial Card is a business credit card that offers you a flexible way to manage your day-to-day expenses and boost your business cash flow.
Representative 22% APR variable.

Discover HSBC Business Offers

A number of discounts on big brands are now available for HSBC Business Cards. Click below to view the latest offers.

Watch our short 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.

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.

Convenience:

Your Commercial Card is accepted anywhere you see the Visa logo. Use your card for fast, secure and convenient contactless payments up to £100 wherever you see the contactless symbol.

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.

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.

Purchases & Cash Advances

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.

You won’t 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 as follows.

• Purchases & Cash Advances
  • From Date debited to your account
  • Until Paid in full
  Allocation of payments

  When we receive a payment from you that doesn’t pay off everything you owe on your account, we’ll allocate it as follows:

  1. We’ll reduce any overdue minimum payments (we call these arrears) and any amount you owe above your credit limit.
  2. We’ll pay amounts you owe us which were shown on the last statement.
  3. If you pay us enough to pay everything on your last statement, we’ll then pay off transactions that haven’t appeared on a statement.
  Minimum repayment

  Your minimum payment will be the total of the following (rounded up to the nearest pound):

  1. interest for the period since the last statement;
  2. any fees and charges added since your last statement; and
  3. 1.5% of the remaining statement balance (not including interest and charges).

  But there is a minimum payment of £5, or the full balance if this is less than £5.

  We recommend that you pay more than the minimum repayment wherever possible. If you make only the minimum repayment each month, it’ll take you longer and cost you more to clear your balance.

  Credit limit

  Minimum: £500 per card

  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)?

  See how paying in local currency on your HSBC UK credit card compares to the European Central Bank (ECB)’s latest foreign exchange rates here (PDF, 129KB). 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*

  2.99% of the transaction in sterling (minimum charge for cash or cash payment £3.00). These charges are in addition to other charges (for example a cash transaction in Euro will attract the non-sterling transaction fee and cash advance fee).

  *Links will open new browser windows to access a 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*

  Fees

  No annual fee for the first year. This also applies to additional cards issued to employees. Annual fee after the first year is £32 per 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 Commercial Card is accepted anywhere you see the Visa logo, pay for goods and services in shops, over the telephone and online.

  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 £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.

  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 online. We use Visa Secure ® to help protect your card online.

  When you place an order online 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 online 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 072 536 1

  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.

  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?

  Your minimum monthly payment will be the total of the following (rounded up to the nearest pound):

  1. interest for the period since the last statement;
  2. any fees and charges added since your last statement; and
  3. 1.5% of the remaining statement balance (not including interest and charges).

  But there is a minimum payment of £5, or the full balance if this is less than £5.

  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.