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Credit > Credit Cards > UK Credit Cards > MBNA Business
You will first earn 20,000 bonus miles with your card's activation - this is enough miles for a free flight to many cities in Europe. You will then earn miles at a rate of 1 mile per £1 spent. This is based on money spent on your personal card and and by any additional card holders.
This card also gives you the advantage of allowing you to set individual limits for each different card. That way you know what limit each of your employees can go up to. Monthly statements are also itemized so you can easily see what has been spent and by whom.
Card members also receive the benefit of free annual worldwide travel insurance, valued up to £135. This is together with free purchase protection and employee misuse insurance.
The interest rate is slightly higher than that on many personal credit cards. However, it is still fairly competitive with a Typical Rate of 17.9% APR variable. There is also a reduced rate offer on balance transfers and cash transactions for the first 6 months of card membership. The rate is reduced to 7.9% p.a. over this period and will revert to the standard rate after this time.
You will also receive free credit card cheques with your company's name on them. These also have no handling fee. You can also enjoy up to 57 days interest free credit with your card and there is a dedicated business customer service team to help you with any queries.
Summary Table
Interest rates and fees are higher than those you might associate with personal cards, although they are competitive when compared to other business credit cards.
This card has many other attractive features, not least of which is the miles earned towards free flights. Free annual travel insurance and employee misuse insurance can also be valuable benefits.
Application
MBNA Business Credit Card
MBNA is now offering a card specifically for business owners. This card allows you to have multiple cards for your employees, each earning benefits for you.Card Features
This card isn't just a boring business credit card, it is also a rewards card, earning you free flights on the Star Alliance member airlines.You will first earn 20,000 bonus miles with your card's activation - this is enough miles for a free flight to many cities in Europe. You will then earn miles at a rate of 1 mile per £1 spent. This is based on money spent on your personal card and and by any additional card holders.
This card also gives you the advantage of allowing you to set individual limits for each different card. That way you know what limit each of your employees can go up to. Monthly statements are also itemized so you can easily see what has been spent and by whom.
Card members also receive the benefit of free annual worldwide travel insurance, valued up to £135. This is together with free purchase protection and employee misuse insurance.
Interest Rates and Fees
As with most business credit cards, the MBNA Business Card does have an annual fee. However, this isn't too high at just £65 a year.The interest rate is slightly higher than that on many personal credit cards. However, it is still fairly competitive with a Typical Rate of 17.9% APR variable. There is also a reduced rate offer on balance transfers and cash transactions for the first 6 months of card membership. The rate is reduced to 7.9% p.a. over this period and will revert to the standard rate after this time.
You will also receive free credit card cheques with your company's name on them. These also have no handling fee. You can also enjoy up to 57 days interest free credit with your card and there is a dedicated business customer service team to help you with any queries.
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Summary Table
| Standard Interest Rate | Typical 17.9% APR Variable |
| Balance Transfers | Typical 17.9% APR Variable |
| Rewards | Earn BMI Destination Miles Plus Free Travel Insurance |
| Annual Fee | £65 |
| Online Account Access | Yes |
| Purchase Protection | Yes |
| Interest Free Period | Up to 57 days |
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Credit Sources Review
This could be a good card to look at if you're looking for a credit card for you business. The individual credit limits and intemised statements make it easy to monitor employee spending and having up to 57 days interest free credit can help you manage your cash flow.Interest rates and fees are higher than those you might associate with personal cards, although they are competitive when compared to other business credit cards.
This card has many other attractive features, not least of which is the miles earned towards free flights. Free annual travel insurance and employee misuse insurance can also be valuable benefits.
Application
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