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BUSINESS CASHBACK.

ASPIRE® BUSINESS
CREDIT CARD

Keep your business and personal spending separate and enjoy cashback on all your purchases.

  • For people who regularly pay business expenses 
  • £1,000 to £7,500 credit limit
  • 5% cashback for the first 3 months (max £100) plus up to 1.25% cashback after that*

  • No annual fee
  • Representative 16.9% APR (variable)

Apply now
Representative example:
Assuming a credit limit of £1,200 and an interest rate on purchases of 16.94% p.a. variable, you will receive a 16.9% APR representative variable.
Apply now for the Capital One Aspire Business Credit Card

Find out more about your card features.

SEE HOW MUCH CASHBACK YOU COULD EARN

Select your average
monthly credit
card spend:

  • £0
  • £250
  • £500
  • £750
  • £1000
  • £1250
  • £1500
  • £1750
  • £2000
  • £2250
  • £2500
  • £2750
  • £3000
  • £3250
  • £3500
  • £3750
  • £4000
  • £4250
  • £4500
  • £4750
  • £5000

You could earn
£250
cashback in
the first year

IS THIS CREDIT CARD RIGHT FOR YOU?

Designed for business owners, the self employed and anyone who incurs expenses as part of their employment.

We're more likely to accept you if you:

  • Are aged 18 and over
  • Have had credit cards in the past
  • Are on the electoral roll
  • Have an income of more than £20,000 p.a.
  • You regularly pay business expenses

This card should only be used for business-related purchases. Please note that meeting these criteria does not guarantee acceptance.

If the Capital One Aspire® Business card isn't right for you,
why not see our range of credit cards.

Apply now
EARN CASHBACK ON YOUR BUSINESS EXPENSES AND SEPARATE THEM FROM YOUR PERSONAL SPENDING


Use your Aspire Business credit card to manage your business expenses and you'll get cashback rewards with any purchase.

The card will be issued to you, as an individual in your name. We recommend you use it for business expenses only.

*5% cashback is earned on all purchases for 99 days from account opening up to a maximum total cashback of £100. After this period you will earn 0.5% cashback for all subsequent purchases up to £6,000, increasing to 1% for purchases from £6,000 to £10,000 and increasing again to 1.25% for purchases from £10,000. There is no limit to the cashback you can earn after the first 99 days of account opening. These rates are applicable until you reach the statement date for the month when the first anniversary of your account opening falls. From each anniversary of this date you will begin earning cashback at 0.5% and your cashback rate will increase as your aggregate purchases pass each threshold (see above). Cashback is paid every January as a credit to your account.

Credit is available subject to status and conditions. The interest rates per annum are variable. If you have applied for a Capital One card in the last six months your application may be declined. If you are not a UK resident please do not apply.

For more information read the Pre Contract Information and the full Credit Card Agreement (16.9%APR variable).

UP TO 1.25% CASHBACK

If you could get money back on all your business expenses, why wouldn't you? Aspire® Business comes with cashback built in – any shop, any purchase, earn cashback everywhere:


  • 5% cashback on everything you buy for the first 99 days after you open your account. The most cashback you can earn in that period is £100.

For purchases made after the first 99 days from your account opening you will receive the following cashback:


  • 0.5% cashback on all subsequent purchases up to the next £6,000
  • 1% cashback on all purchases from £6,000 to £10,000
  • 1.25% cashback on all purchases from £10,000

These rates are applicable until you reach the statement date for the month when the first anniversary of your account opening falls. You will then start to earn cashback at 0.5% and your cashback rate will increase (see above) as your purchases pass each threshold.

NO ANNUAL FEE

  • No annual fee
  • No hidden fees
  • Cashback – any shop, any purchase, earn cashback everywhere

SEPARATE SPENDING

The Aspire Business card helps you separate your business and personal spending. With all your business purchases in one place, organising your finances becomes much easier, saving you time.

You'll get 56 days of interest free credit, and you can add up to 3 extra cardholders if you want.

There are also lots of other benefits – including cashback on everything you buy for your business.

60 SECOND RESPONSE

Receive a response online, in 60 seconds:


  • One page application form
  • Response provided online in 60 seconds
  • No business accounts required – just your company's estimated turnover and number of employees

Key features of your Capital One credit card

SUMMARY BOX
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

Representative Example
  • 16.9% APR representative variable
  • 16.94% p.a. variable on purchases
  • £1,200 credit limit
Interest Rates
 

Introductory Rate

Monthly Rate

Annual Rate

Purchases

N/A

1.31%

16.94%*

Cash withdrawals

N/A

1.94%

25.94%*

Balance transfers

N/A

1.31%

16.94%*

Interest free period
  • Maximum of 56 days for purchases where the balance is paid in full every month
  • 0 days for balance transfers and cash

Subject to any interest free period that may apply.
Interest charging information No interest is payable on purchases if you pay in full the outstanding balance on your first statement by its payment due date. No interest is payable on purchases on subsequent statements if the outstanding balances on your current statement and the previous statement are paid in full by their respective payment due dates.

Otherwise the period over which interest is charged is as follows:
  From Until
Purchases Posted date Paid in full
Cash Withdrawals Posted date Paid in full
Balance Transfers Posted date Paid in full
Allocation of payments Unless you pay the outstanding balance in full, we will allocate your payments to balances which attract the highest interest rate first.

We will always allocate your payments to any amounts which have already appeared on a statement before allocating your payments to any amounts subsequently applied to your account.
Minimum repayment The monthly credit card payment is:
- the full outstanding balance if it is less than £5, but otherwise the greater of:
  • An amount equal to the total of (i) 1% of the outstanding balance on your account; (ii) interest applied to your account in that month; (iii) all Default Sums incurred in that month; and (iv) one twelfth of your Annual Fee, or
  • £5
Credit limit
Minimum credit limit £1,000
Maximum credit limit £7,500
Fees No Annual Fee
Charges
Balance transfer handling fee 0.0%
Cash fee 3.0%
(minimum £3)
Copy statement charge £3 (maximum £10 per request)
Foreign Usage
Payment Scheme Exchange Rate
Rates can be found at:
Visa
MasterCard
One or more of the following may apply:
Non-sterling transaction fee 2.75%
Cash Fee 3.0%
(minimum £3)
Default charges
Late and Failure to Pay Default Sum £12
Returned Payment Default Sum £12
Overlimit Default Sum £12
Returned Credit Card Cheque Default Sum £12.00
*The simple interest rate is 15.75% for purchases, 15.75% for balance transfers and 23.29% for cash withdrawals from the date of this agreement.

PRE-CONTRACT CREDIT INFORMATION

(Standard European Consumer Credit Information)

1. Contact details

Creditor.


Address.


Web address.

Capital One (Europe) plc


PO BOX 5282 Nottingham NG2 3FB


www.capitalone.co.uk

Credit intermediary.

Address.

Where relevant, the identity and address of the credit intermediary involved prior to the making of your agreement is referred to at
www.capitalone.co.uk/intermediaries



2. Key features of the credit product

The type of credit.

 

The total amount of credit.


This means the amount of credit to be provided under the proposed credit agreement or the credit limit.

We will determine your credit limit when we open your credit card account and let you know what it is when we send you your first card.


From time to time we may review and change your credit limit. We will let you know if and when your credit limit changes.

How and when credit would be provided.

If you are approved for a Capital One credit card, we will open your account and send you your PIN and credit card.


We will also issue a credit card for any extra cardholders we authorise.


We may also issue credit card cheques. The person named on the credit card or the credit card cheques can make purchases or cash withdrawals. Only you, and not the extra cardholder, can make balance transfers.

The duration of the credit agreement.

Your agreement has no fixed or minimum duration.

Repayments.

All monthly payments are due by the date stated in your monthly statement, a date usually 26 days after the statement date. Your monthly payment will be the full outstanding balance if it is less than £5, but otherwise the greater of:
(a) An amount equal to the total of (i) 1% of the outstanding balance on your account; (ii) interest applied to your account in that month; (iii) all default Sums incurred in that month; and (iv) one twelfth of your Annual Fee, or
(b) £5

Your repayments will pay off what you owe in the following order.

Unless you pay the outstanding balance in full, we will allocate your payments to balances which attract the highest interest rate first. We will always allocate your payments to any amounts which have already appeared on a statement before allocating your payments to any amounts subsequently applied to your account.

The total amount you will have to pay.


This means the amount you have borrowed plus interest and other costs.

£1,302.38


This total amount payable is for illustrative purposes and assumes a credit limit of £1,200.

Security required.


This is a description of the security to be provided by you in relation to the credit agreement.

Not applicable as we will not charge you a security deposit for this credit card.



3. Costs of the credit

The rates of interest which apply to the credit agreement

Interest rates

 

Introductory Rate

Annual Rate

Purchases

N/A

16.94%
variable

Cash
withdrawals

N/A

25.94%
variable

Balance
transfers

N/A

16.94%
variable

 

Interest is charged from the date a transaction is debited to your account until repayment. However, no interest is payable on purchases if you pay in full the outstanding balance on your first statement by its payment due date. No interest is payable on purchases on subsequent statements if the outstanding balances on your current statement and the previous statement are paid in full by their respective payment due dates.

 

We may, for any valid reason which we will notify to you, change any interest rate which is stated to be variable or the way in which interest is charged or calculated. Examples of why we may make changes to your agreement include, but are not limited to:
(1) changes in your circumstances and the way you use your account, your credit score, or our increased or decreased credit risk;
(2) changes in our funding costs or other costs of administering credit;
(3) to provide additional credit or other services;
(4) to reflect changes in banking or lending practice, or to meet our legal or regulatory obligations;
(5) to correct errors, omissions, inaccuracies or ambiguities;
(6) to reflect changes in our systems and processes or the introduction of new technology.


We will give you at least 7 days' written notice of any change to your advantage and at least 30 days' written notice of any change to your disadvantage. If we increase any variable interest rate we may permit you to pay off the outstanding balance at the interest rate which applied before the increase takes effect. You will have to pay at least the monthly payment each month.

Annual Percentage Rate of Charge (APR).


This is the total cost expressed as an annual percentage of the total amount of credit.


The APR is there to help you compare different offers.

16.9% APR variable


The following assumptions have been made to calculate the APR:

  • we assume that you borrow £1,200;
  • interest is charged at the standard purchases rate (ignoring any applicable lower introductory rate); and
  • you repay your balance over one year in twelve monthly repayments starting one month after the date of the agreement. Repayments consist of: (i) an equal amount of capital; and (ii) the interest accrued on the balance outstanding at the time the repayment is made.

In calculating the APR no account has been taken of any variation which may occur under the agreement of the rate of any item entering into that calculation.


The APR has been calculated using the interest charged at the standard purchase rate. If the Balance Transfer or Cash Withdrawal rates were used to calculate the APR then the figure may be higher.

Related Costs

 

Charge for using a specific payment method.

Not applicable as we will not charge you for making repayments to your credit card account.

Any other costs deriving from the credit agreement.

Annual membership Fee

£0

Cash fee

3.0% Minimum £3

Non-sterling transaction fee

2.75%

Balance transfer handling fee

0.0%

Copy statement fee

£3 (maximum
£10 per request)

Returned payment default sum

£12

Overlimit Default Sum

£12

Returned credit card cheque default sum

£12.00

Conditions under which the above charges can be changed.

All charges are variable. We may, for any valid reason which we will notify to you, also remove or introduce additional reasonable charges from time to time. If we do this, we will let you know. We will give you at least 7 days' written notice of any change to your advantage and at least 30 days' written notice of any change to your disadvantage. Some examples of why we may make changes to the charges payable under the agreement are set out in "Section 3 - Costs of credit", in the part dealing with the rates of interest which apply to the credit agreement.

Costs in the case of late payments.

You will be charged £12 if we do not receive your minimum payment by the due date shown on your monthly statement.

Consequences of missing payments.

Missing payments could have severe consequences. For example it could make obtaining credit more difficult, lead to your account being defaulted and potentially to legal proceedings being commenced against you.



4. Other important legal aspects

Right of withdrawal.

You have the right to withdraw from the credit agreement before the end of 14 days beginning with the day after the day on which you receive your card and a copy of the concluded agreement.

Early repayment.

You have the right to repay the credit early at any time in full or partially

Consultation with a Credit Reference Agency.

If we are unable to approve your credit card application on the basis of a consultation with a credit reference agency, we will provide you, free of charge, details of the credit reference agencies consulted. We will not do this where providing you with this information is prohibited by European Commission law or is contrary to objectives of public policy or public security.

Right to a draft credit agreement.

You have a right to receive a copy of the draft credit agreement, free of charge, when you ask, unless we are unwilling to proceed to the conclusion of the credit agreement at that time. You can also view a copy of the draft credit agreement on our website at www.capitalone.co.uk.

The period of time during which the creditor is bound by the pre-contractual information.

We reserve the right to withdraw or alter our credit card products at any time without notice.



5. Additional information in the case of distance marketing of financial services

(a) concerning the creditor

Registration number.

Company number is 3879023


Financial Conduct Authority register number is 204440.


The supervisory authority.

Financial Conduct Authority

(b) concerning the credit agreement

The law taken by the creditor as a basis for the establishment of relations with you before the conclusion of the credit agreement.

English law.

The law applicable to the credit agreements and/or the competent court.

Capital One credit agreements are governed by English law and any disputes regarding the credit agreements may be referred to English courts.

Language to be used in connection with the credit agreement.

The credit card agreement and all communications in connection with it will be in English.

(c) concerning redress

Access to out-of-court complaint and redress mechanism.

Details of our complaints procedure can be obtained by writing to the following address: The Manager, Executive Office, Capital One (Europe) plc, PO Box 5281, Nottingham NG2 3FA.


You also have a right to complain to the Financial Ombudsman scheme.


Print or save this document.

View the Credit Card Agreement for this product.

Am I able to give additional cards to my business associates?

You can have up to three extra cardholders on your account. But, remember, as the primary cardholder you have sole responsibility for all spending and payments on your account, including any made by your nominated extra cardholder(s). Only you are responsible if your balance goes over your credit limit or your payments are late.

I already have a Capital One card, can I apply for a Business Card as well?

Yes you can also apply for a Business Card.

Who is responsible for repayments on the card?

The primary cardholder is responsible for all spending and payments on your account.

Can I use my credit card statement in place of VAT receipts?

No. VAT receipts contain important details that we do not show on your credit card statement.

Will the Business Card be in my name or the name of the business?

The card agreement will be between Capital One and yourself , therefore the card will be in your name and not the name of your business. This means that you will be personally responsible for paying the credit card bills, rather than the company or business.