Nectar Amex Business Card

The Nectar American Express business card is just one of the cards available from Nectar.  It is a business card which means you can’t apply unless you have a business on record.  This business also needs to be established.  Basically they ask for at least a year of being in business before you apply.  This is pretty standard among business card offers.  There are other benefits with this business card that we will examine.

In the recent past many of the business cards decided to change how they would handle business accounts.  One of the things that changed with Nectar American Express is their annual fee.  They do not have an annual fee that will be charged.  To set up the business account there is no fee at all.  You simple apply for the card.  This is nice and it saves your company money.

The Nectar Business card doesn’t have an offer on the balance transfers or purchases.  While you can still transfer a balance from one account to the other there is no introductory rate.  This is usually normal for a business account card, however there are some on the market that have decided to offer the balance transfers at zero percent for a time.  These cards typically offer a purchase rate deal as well.  With Nectar you will not receive this option.

The Nectar American Express card does have a 15.9 percent variable interest rate on purchases and balance transfers.  This means you will be right in the standard market range.  There are a few cards, personal and business, that offer higher or lower interest rates.  Since this is a competitive rate it does add to the cards appeal.

Nectar also offers a period of 56 days free interest if you pay the balance off in full and on time every month.  This can help your business out by saving a little money.  The Nectar card is a chip and pin card.  This new system is the highest security a card can offer at the moment.  It is also easier to use for smaller purchases if there is a need.

Nectar has a free tax report that you can access online or through the mail.  As you may know a business can get a tax break for interest they pay during the year.  This certainly makes the card more attractive and knowing that you don’t have to generate the report is great as well.

Lastly Nectar offers a rewards programme.  You can earn one point per pound for certain purchases.  Normally the purchases relate to office supplies, flights for business, and other discounts associated with the needs of your business.  These rewards can help you save even more money through the card.  While they may not have the introductory rates, this card does have a competitive interest rate and rewards.  It is one of the better business cards for the rewards as well as the interest rate that you may find on the market.

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