Business credit cards uk
Business credit cards UK means the credit cards that are issued by the financial institutions to the different business enterprisers in UK . Business credit cards are the electronic cards issued by the banks which are swiped into the special machine for payment purposes. Business credit cards is therefore viewed as a convenient mode of payment, as the business owners need not to carry cash for payments to its creditors . United Kingdom is a famous European Union (EU) country and it is known for its multi- scales business operations. The main features of the business credit cards UK are that it caters the needs of all categories of business owners and also no processing fee is charged for the business credit cards issued to the small business owners .
CATEGORIES:
The business credit cards UK are of three types:
1. Small business credit cards uk :
This is meant for the small business owner with the business turnover less than 1 million pounds in a year . The main features of the small business credit cards UK are that it is linked with the business accounts (current or savings) of the business owners and also it can be easily ascertained by the bank officials where the money has been sent through this card and what amounts has been sent. Thus it reduces the chance of malpractices of small business credits cards.
2. Medium business credit cards UK :
This card is for the use for medium business owner with the annual turnover ranging between 1 million & ; 10 million pounds. The main features of the medium business credit cards UK are that no processing fee for the medium business credit card is charged by the banks for 1 or 2 years & ; also minimum permissible withdrawal amount from this credit card is 400 to 700 pounds .
3. Large business credit cards UK :
This credit card is meant for the large company with the annual turnover exceeding 10 million pounds. The main features of the large business credit cards UK are that no processing fee is charged for the 1 year use of this credit card & ; cheque book issued for each large business credit card UK . Also there is no withdrawal limit of amount from this business credit card .
FINANCIAL INSTITUTIONS:
1. HSBC , UK :
HSBC is a premier MNC bank with its operations in more than 50 countries worldwide.
The contact address of HSBC , UK is:
HSBC UK ,
8 Canada Square,
London E14 5HQ
The main business credit cards issued by HSBC are:
a. HSBC COMMERCIAL CARDS:
The main features of this credit card are :
1. No processing fee for the first year use of the card,
2. This credit card is meant for the business company with the annual turnover less than
$3 million,
3. There is withdrawal limit of $500 per day for each commercial card,
4 . Interests free credit for the first 2 months,
5 . Easy access of the amounts &"> transaction details using internet banking or visiting nearest HSBC branch office & ;
6. 15.9% APR (variable) is charged on this commercial card from the 2nd year onwards .
2. HSBC PLATINUM CARD:
The main features of the HSBC platinum card are :
1. No processing fee is charged for the one year use of Platinum card,
2 . Cards are issued to the large business owners,
3 . There is no daily withdrawal limit of amount from this card,
4 . Cheque book issued with each platinum card,
5. Easy access of the credit cards accounts using internet banking or visiting nearest HSBC branch office & ;
6. 17.9 % APR (variable) is charged on each platinum card after its 1 year use .
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