NatWest business credit cards: fees, cashback and who they suit

NatWest has two main business credit cards for companies that already hold accounts with the bank. These are the 'Business' card, which has a 24.3% representative APR and no fee in year one, and the 'Business Plus' card, which has a 29% representative APR and comes with a £70 annual fee and up to 3% cashback.

The Business card is for companies with a turnover of £2m or less, while Business Plus is for those with a turnover under £6.5m.

We compare the key features, rates, limits and perks available, plus what costs to be aware of and the alternative card options to consider.

On NatWest's own spending example, £12,000 a year on Business Plus earns £109 cashback – £39 more than the £70 fee. Below that kind of spend, the cheaper Business card usually comes out ahead. (Source: NatWest Business Plus page, checked on 27 October 2026.)

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An overview of the business credit cards NatWest offers

Beyond Business and Business Plus, NatWest also has a 'onecard charge card' plus virtual cards for larger companies. Below is an overview of these card options, including their rates, fees and turnover suitability:

Source: NatWest business cards, checked on 12 October 2026.

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NatWest's corporate and commercial cards: onecard and virtual cards

For companies with turnover of £2m+, NatWest's onecard is a charge card you clear in full each month, at £45 per cardholder. Virtual cards are aimed at organisations with turnover over £25m.

The onecard is built for teams. You can set limits per employee in the ClearSpend app, block merchant types and get corporate liability waiver insurance against employee misuse. It charges a 2.95% non-sterling transaction fee. If you're comparing corporate credit cards more widely, start with how many people need a card and whether you want to clear the balance every month.

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NatWest Business vs Business Plus: rates, fees and cashback

The NatWest Business card is cheaper to hold while its Business Plus card earns you more cashback on purchases and doesn't charge foreign transaction fees on purchases.

Below is a comparison table summarising the key features of each of these two main business credit cards from NatWest, including rates, fees, limits and cashback offerings:

NatWest figures checked on 12 October 2026 on natwest.com: Business credit card and Business Plus credit card. Representative examples assume a £1,200 credit limit.

Cashback is credited to the card account monthly. Both cards also give access to Business Savings from Mastercard, a separate programme of merchant offers – this is where NatWest's 'business discount' and promo offers sit, and the offers change over time. A £0 admin fee doesn't make paying late free, as interest still runs on any balance you don't clear.

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Which NatWest credit card is better for your company?

Business Plus is suitable only if your yearly card spend is high enough for cashback to make the £70 fee worthwhile. On NatWest's example, about £12,000 a year in its spending mix does it. Below that, the Business card is the cheaper option.

NatWest publishes what Business Plus would earn for a typical spending mix. Here's that example next to what the same spend would earn on the Business card, which only pays cashback on fuel and EV charging:

Business Plus figures: NatWest's cashback table was checked on 12 October 2026. Business card figures: 1% of the fuel spend in NatWest's same example. Your mix will differ – fuel and trade supplies earn the most.

Two things the table doesn't show. Firstly, if you carry a balance, Business Plus has the lower purchase rate (13.9% against 16.9%). Its higher representative APR is likely driven by the £70 fee, since NatWest's example assumes a small £1,200 limit. So for a company that often carries a balance, Plus can work out cheaper on interest. Secondly, NatWest says cashback on business purchases may count as taxable business income, so check with your accountant.

For more on how business cashback cards compare, see our rewards guide.

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Who can get a NatWest business credit card?

You need a NatWest business current account in the company's name to apply, and you must be a UK-resident director aged 18 or over. NatWest's card pages don't say whether a personal guarantee is needed.

To apply, NatWest says you must:

• Be a UK resident aged 18 or over
• Be a director of the business you're applying for
• Not have been declared bankrupt or received a County Court Judgment or Court Decree
• Have a registered business address in the UK and be registered for tax in the UK
• Hold a NatWest business bank account in the same legal entity name

Limited companies are eligible, and you'll need your Company Registration Number to apply. NatWest's card pages don't mention a personal guarantee, but its cards page says 'security and product fees may be required', so ask before you sign.

It helps to know how personal guarantees work on business cards before you compare offers. NatWest runs a soft search on your personal credit file when you apply, which other lenders can't see and which doesn't affect your score.

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Are your purchases protected? Section 75 and chargeback

Section 75 generally doesn't cover cards held by a limited company. If a supplier lets you down, chargeback through Mastercard is the usual route.

Section 75 of the Consumer Credit Act 1974 makes a card provider jointly liable with the seller, but it applies to regulated consumer credit – a card issued to a limited company usually falls outside it. Chargeback is different: it's a card-scheme process, not a legal right, and you usually need to raise it within 120 days. Ask NatWest to raise a chargeback if goods don't arrive or are faulty and the seller won't refund you. (Sources: legislation.gov.uk: Consumer Credit Act 1974; Financial Ombudsman Service: section 75 and chargeback; MoneyHelper: how you're protected when you pay by card.)

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Alternative business credit cards if you don't bank with NatWest

If you're not an existing NatWest business customer and you don't want to open a NatWest account, look at credit cards that don't need one, including the iwoca Credit Card. Compare APR, fees, cashback and the personal guarantee side by side.

We've compared NatWest's main business card options with iwoca's Credit Card, including the factors that change what a card costs a limited company, such as the representative APR, fees, cashback, interest-free days, cash access and whether a personal guarantee is needed. NatWest and iwoca figures come from each provider's own websites, checked on 12 October 2026.

NatWest: natwest.com, checked on 12 October 2026. iwoca: the iwoca Credit Card page, checked on 12 October 2026.

The iwoca Credit Card is for UK limited companies. You get 1% cashback on all spending, added to your balance, with no FX, annual or late payment fees. You'll need to give a personal guarantee when you apply: if the business can't repay, the guarantor becomes personally responsible for the outstanding balance. The minimum repayment is 10% of the balance or £100, whichever is higher.

When NatWest is might be the better choice:

• You already bank with NatWest and want everything in one place
• You often carry a balance – NatWest's representative APRs are lower than the iwoca Credit Card's
• You need to withdraw cash on the card
• You want the longer 56-day interest-free period
• Your spending is mostly fuel, trade supplies or travel and stays within Business Plus's £600 cashback cap
• You need team controls and liability insurance from the onecard

When the iwoca Credit Card isn't the right fit: if you'd carry a balance month to month, can't give a personal guarantee or need cash access. And if what you need is an ongoing buffer for cash flow gaps rather than a spending card, a NatWest business overdraft or another facility may suit better.

For a wider view, see our comparison of UK business credit cards.

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How to apply for a NatWest business credit card

Existing NatWest business customers can apply online from its card page. NatWest runs a soft credit check first, and successful applicants get the card and PIN within 10–12 business days.

Here are the main steps involved in applying for a NatWest business credit card:

1. Go to the Business credit card or Business Plus page and choose Apply now.
2. Say whether you're an existing customer, a new customer or adding a cardholder. New customers are pointed to a business bank account first.
3. Have your turnover, the month and year you started trading, your Company Registration Number and every director's home addresses for the last two years to hand.
4. NatWest runs a soft credit check, then you complete the application.
5. NatWest texts or emails you with the outcome.

If you can't get the card because you don't bank with NatWest, its apply page points non-customers to other lending such as NatWest's Small Business Loan.

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Managing, paying and reporting a lost card

You manage the card in NatWest's online banking and mobile app, or in ClearSpend. Pay by Direct Debit or make extra payments at any time, and report a lost card in the app or by phone. Here's what you need to know:

• Online banking and the mobile app: see your balance, transactions and up to seven years of statements.
• ClearSpend: NatWest's free web and mobile app to set cardholder limits, block cards and see your monthly cashback.
• Paying: the minimum payment is the greater of £5 (or your full balance if less) or that month's interest, any charges, 1/12 of the annual fee and 3% of the balance. Paying only the minimum takes longer and costs more.
• Adding a cardholder: use NatWest's digital additional cardholder form.
• Lost or stolen card: freeze it in the app, or call NatWest on 0370 909 3701 (08:00–17:00, Monday to Friday) or 0800 0964 743 out of hours.

All of these details are outlined on NatWest's manage your credit cards page.

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Frequently asked questions

Which business credit cards does NatWest offer?

NatWest offers two business credit cards, its Business and Business Plus card, plus the onecard charge card and virtual cards for larger companies. Which one you can get depends mostly on your turnover. See our overview of NatWest's business credit cards above.