The Cashplus Business Credit Card 

No hassle, no hidden fees, just a lifeline when you need it. 

Find out all you need to know about the Cashplus Business Credit Card and how to apply.  

We don’t believe in a one size fits all approach to borrowing money, so we want to take the time to create an offer that matches your needs. While we might not be able to offer you a card straightaway, when we do, you’ll know that we’ve done our best to understand your circumstances first.

Already received an email or letter from us? Start your application now.

Looking for more information on our credit card? Check out our FAQs below.

General

  • Just like any credit card, you can use it to help with the day-to-day running of your company and to take control of your business expenses.

    Your card comes with a credit limit which is subject to review from time to time. Just like a typical credit card, you can use it to spend on everyday needs, up to your credit limit.

    A credit card is designed to provide short term credit, so if you are looking to borrow money over a long period of time there may be cheaper options, such as a personal loan.

  • There are a couple of different ways to apply for a Credit Card, depending on whether you've received an invitation from us, or just found your way to our site. It's important that you choose the right link below, to avoid any issues with your application or getting the wrong card. Note: applications are subject to status and you may not be approved.

    If you've received an offer from us via post:
    Simply follow the prompts to apply online. If you’ve received an offer from us via email, follow the personalised link we included in the email. 

    Remember, it’s important that you read the Summary Box and Pre-Contract Credit Information before applying to understand the Agreement you’ll be entering into. If you have any questions about our credit card, you can contact Customer Services on 0330 024 0924.

  • This will depend on factors such as your credit history and financial circumstances. Please note that we’ll perform credit checks before making a decision, which will result in a hard search appearing on your credit record.

  • As part of the application process, we need to be sure that you can afford to make at least the minimum payment and ensure you know how you’ll pay the remaining balance. We recommend that you always try to pay more than the minimum amount, and try to clear the whole balance as early as possible, to keep interest and charges to a minimum. And please keep in mind, a credit card’s not suitable for long-term borrowing. If you’re looking to buy an expensive item, and repay over a longer period, a loan may be a better option.

  • This is the maximum amount of credit available on your Cashplus Business Credit Card account. You can see your credit limit in your monthly statements and through online and mobile banking.

    Please note, other limits and restrictions may apply. For example, a cash limit may apply to your account (refer to your Agreement for details) and there are limits on how much you can withdraw from an ATM at a time: a maximum of £50 per ATM withdrawal and £150 in a single day.

  • Offers do vary so we’ll confirm the maximum amount in your offer and the exact amount during the sign up process based on the information provided. If you’ve already received your Cashplus Business Credit Card, please see your credit agreement or statement for confirmation of your credit limit.

  • Cashplus is the trading name of our company, Advanced Payment Solutions, the provider of the credit facilities and servicing of your Cashplus card.

    To find out more about Cashplus, you can visit our About Us page.

  • At Cashplus we’re serious about our commitment to responsible lending.

    We strive to be as responsible as possible and try to be completely clear and open about any charges involved with using our credit card. We try to lend only what you can afford and offer a limit that meets both your needs and your ability to manage your repayments. However, you must also borrow responsibly and be honest with us about your income and outgoings. if your circumstances change, please contact us. 

  • You can use the Cashplus Business Credit Card for regular purchases, like paying suppliers, or covering one-off payments that you didn’t budget for. It’s ideal for limited companies that have occasional and short-term cash flow needs, such as start-ups or those new to credit.

    Remember, different interest rates and charges are applied to different types of transactions, such as purchases and cash advances. You can find more information about these in the Summary Box and Pre-Contract Credit Information.

  • As long as you make at least the minimum payment on time each month, stay within  your credit limit and use your card in line with your credit agreement, you’ll have access to the credit we offer you. However, we’ll always reserve the right to decrease your credit limit. This will depend on, amongst other things, how you use your card. We also reserve the right to close your account if you breach the terms and conditions or upon notice.

  • You can use your Cashplus Business Credit Card to make purchases, card payments or cash withdrawals, at millions of locations worldwide. Just look for the Mastercard logo. 

  • You can check your statement and make repayments online in Online Servicing. For any other queries, you can contact Customer Services on 0330 024 0925.

Fees & Charges

  • Different interest rates and charges are applied to different types of transactions, for example to purchases, balance transfers and cash advances.

    For a full breakdown of the interest rates, fees and charges applicable to the Cashplus Credit Card, please refer to the Pre-Contract Credit Information or your Credit Agreement. You can also contact Customer Services for help.

  • APR stands for Annual Percentage Rate. This is a standardised term used to calculate the annual rate of interest, taking into consideration one-off charges that a borrower will pay. Please see your Pre Contract Credit Information or Credit Agreement for your APR.

  • Grace periods will vary and only apply to purchase transactions, where no interest is charged on such transactions as long as the balance is repaid in full by the repayment date. So please see the details of your credit agreement for confirmation.

  • To work out the amount of any fees or interest you’ll need to pay, we divide the year into 12 monthly statement periods. That’s because the number of days in a calendar month changes (e.g. January has 31 days, February has 28-29 days), so the number of days in a monthly statement period varies. You’ll receive your Business Credit Card statement each month in Online Servicing. This will include the amount you need to pay and when the repayment is due.

  • For a full breakdown of the fees and charges applicable to the Cashplus Business Credit Card, please refer to the Pre-Contract Credit Information or your Credit Agreement. You can also contact Customer Services for help.

  • Yes, there’s an over limit fee of £12 if you go over your credit limit. Interest will be charged on this amount if you do not pay it off within 30 days.

  • Yes, there’s a late payment fee of £12 if you fail to make at least the minimum payment by its due date. Interest will be charged on this amount if you do not pay it off within 30 days. Find out more about fees for late payments under the 'Repaying your Business Credit Card Balance' section of these FAQs.

Signing up for your Business Credit Card

  • For information on how to sign up for a Cashplus Business Credit Card, see 'How do I get a Cashplus Business Credit Card?' above.

  • If you’re approved for the Cashplus Credit Card and have accepted the Credit Agreement, you should receive your card in 3-5 business days.

Repaying your Business Credit Card Balance

  • It’s the smallest amount you’re required to pay after each statement period where you had a balance, to keep your account in good standing. 

    We always recommend you pay as much of your balance off each month as you can, and not just the minimum payment. If you only make the minimum payment each month it will take you longer and cost your more to pay off your balance.

    Please see your credit card statement for details of the minimum payment due.

  • We’ll send you a Credit Card statement by post or make it available to you online in Online Servicing. This will show what you need to pay and when.

    You can make a payment to your account by:

    1. using our online repayment service and by logging into Online Servicing and selecting “Make a repayment”. You’ll be able to make one off payments, as well as save your debit card details to make future payments quicker or to set up automatic payments*.
    2. bank transfer, using the Account Number and Sort Code provided on your monthly statement.

    Alternatively please call us on 0330 024 0924s (calls may be recorded) to make a payment by a Debit Card. Please note: the card must be in your own name and registered to your address, and we do not accept cheque or cash payments. 

    * If you consent to us storing your debit card details for the purpose of making future payments, you have the right to cancel this at any point by calling Customer Services on 0330 024 0924.

  • Yes, each month we’ll send you a Business Credit Card statement through Online Servicing, unless you have requested it by post. This will show:

    • A reminder of your payment due date
    • The total amount spent on your Business Credit Card
    • The minimum payment due
    • A breakdown of any fees or interest
  • It’s a requirement that all UK credit card issuers send these statements to customers. It’s intended to be a quick and easy way to see what type of transactions you’ve made, how much you’ve spent, and any fees and interest you’ve incurred using your Cashplus Business Credit Card over the last 12 months.

    Your annual statement will be produced once a year, in the same month you originally opened your Cashplus Business Credit Card account. Please note, we only send annual statements to customers who’ve used their card, or made some other transaction on their account during the year. (e.g. made a payment)

  • Please check your monthly statement to see your payment due date or contact Customer Services. You’ll receive your Business Credit Card statement through Online Servicing, unless you have requested it by post.

  • Yes. There’s a late payment fee of £12 if you fail to make at least the minimum payment by the payment due date. You’ll also incur additional interest and the total cost of paying back your debt will grow. Interest will be charged on the late payment fee if you do not pay it off within 30 days. By not making or being late with your payments you could hurt your credit rating. We’ve made the payments as easy as possible as you only need to pay back the minimum amount requested. If you’re late with your minimum repayment, or fail to make it, we may contact you to talk through your account and assess whether you’re in financial difficulty. Contact us immediately on 0203 059 5784 (calls may be recorded) if you’re having difficulties meeting your payments, or refer to the question below.

    Important: If you’re late with, or miss any repayments, we’re obligated to report this to the credit reference agencies, which could have a negative impact on your personal and business credit rating. It may also result in legal action against you to recover the debt.

  • If you can’t afford the minimum payment, please contact us immediately on 0203 059 5784 and we’ll try to help you. Failing to make minimum payments can mean that you’ve broken the terms of your credit agreement. This could result in you having to pay additional costs and can cause financial problems. This may also affect your credit rating.

    If you’re experiencing financial difficulty, you may also consider contacting the Citizens Advice Bureau, Money Advice Service or Business Debtline who may be able to help you with free information and confidential advice. Please visit Citizens Advice Bureau or call 08444 111 444Money Advice Service or call 0300 500 5000Business Debtline or call 0800 197 6026. Call charges may apply, so please check their websites for details.

Other Questions

  • Yes, it could improve your personal and business credit rating if you make all your repayments on time. But paying late or missing payments could hurt your rating, as we’re obliged to report negative as well as positive information to credit reference agencies, and this could make it more difficult to obtain credit in the future. It could also result in legal action against you to recover the debt.

  • You can request to find out what information we hold on you by submitting an access request per the Data Protection Act, to: Cashplus, Cottons Centre, Cottons Lane, London, SE1 2QG.

  • The Information Commissioner’s Office (ICO) is an independent UK authority set up to promote openness by public bodies and data privacy for individuals.

  • We’ll report any information about your personal credit behaviour to the credit reference agencies CallCredit, Equifax Ltd and Experian. If you apply for a Cashplus Business Credit Card as a Director on behalf of a limited company, we’ll also report information about your company to Equifax Ltd and Experian. Should you require a copy of your credit reference information held by the credit reference agencies, you can contact them at:

    CallCredit, Consumer Services Team, PO Box 491, Leeds, LS3 1WZ or call 0870 0601414.

    Equifax Ltd, Customer Service Centre, PO Box 10036, Leicester, LE3 4FS or call 0800 014 2955 or log on to www.equifax.co.uk.

    Experian, Consumer Help Service, PO Box 8000, Nottingham NG80 7WF or call 0844 4818000 or log on to www.experian.co.uk.

  • Yes. You’ll have 30 days from the date your account opens to withdraw from your Agreement, and you can do this in writing or by contacting Customer Services. You’ll be required to repay any outstanding balance, including interest and charges, after which your Agreement will be cancelled.

  • Absolutely. If you don’t want or need it at this time, simply disregard the offer. If you don’t want to receive further Credit Card marketing offers, then just let us know by emailing us at [email protected]. Please note that you’ll still receive servicing communications from us, in relation to any other products or services we provide you with, which may come through a variety of channels including email and SMS.

  • If you haven’t found the information you’re looking for in our FAQs, or you’d like to speak to us about your credit card – please get in touch with us via phone on 0330 024 0925. We’ll be happy to help.

  • You’re protected for purchases you make on your Cashplus Business Credit Card under your Chargeback rights, which are governed by Mastercard’s Scheme Rules. You could be entitled to a refund if goods or services you’ve bought on your credit card are:

    • Faulty
    • Not delivered
    • Or you’ve been charged the wrong amount

    There are time limits on submitting a Chargeback request, typically 120 days though can be less for certain types of transaction, so if you believe you have a claim please contact us as soon as possible.

    Additionally, you’re protected for purchases you make on your credit card under Section 75 of the Consumer Credit Act 1974. You could be entitled to compensation from Advanced Payment Solutions Ltd (the creditor of your Cashplus Business Credit Card) if goods or services you’ve bought on your credit card are:

    • Faulty
    • Not delivered
    • Or the information given about them was misleading

    You’ll be able to make a claim under Section 75 of the Consumer Credit Act 1974 as long as:

    • At least part of the goods or services were purchased on your Cashplus Credit Card by you
    • The total value of the goods or service was between £100 and £30,000
    • The purchase was made less than six years ago

    To dispute a transaction or to make a claim, please call Customer Services on 0330 024 0924.

Terms and Conditions apply, including applicants being resident in the UK & aged 18+ and, if relevant, businesses being based in the UK. For full website terms including information on Cashplus, Mastercard and use of Trademarks, please see our full legal disclosures at https://www.cashplus.com/legal/. **Credit facilities are provided by Advanced Payment Solutions Ltd (APS) and are subject to the AFL Cashplus e-money account being in good standing and applicants aged 18+. APS is authorised and regulated by the Financial Conduct Authority for consumer credit activities (Registration No. 671140). ♦Calls to 03 numbers cost no more than a national rate call to a 01 or 02 number and will count towards inclusive minutes in the same way as 01 and 02 calls. Calls may be recorded.