Mastercard® Business Savings

What is it?

Business Savings from Mastercard is a free merchant discount programme available to eligible Shostra Bank small business credit and charge cardholders. You could earn automatic rebates on the things that help you run your business.

How it works

Thanks to Mastercard there’s no cost, no coupons and no codes to remember. It really is the simple way to save on business expenses.

To check out the offers available, visit the Mastercard Business Savings site for detailed information, including the list of participating merchants.

Partners

There are a range of partners to choose from including Heathrow Express, Avis and Microsoft Advertising.

Restrictions apply. Participating merchants and rebate offers subject to change. Mastercard Business Savings Programme Terms and Conditions can be found on the Mastercard website.

Need to apply for our credit card first?

To use Mastercard Business Savings, you will need our Credit Card or Plus Credit Card.

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To apply you must be a resident aged 18 or over and maintain a business bank account in the same legal entity name with Shostra Bank. Your registered business address must also be in the you should be registered for tax purposes in the UK. Subject to status, for business use only. Product fees may apply.

Useful info about Mastercard Business Savings for existing cardholders

How do I know if my card is eligible for Mastercard Business Savings? Close

How do I know if my card is eligible for Mastercard Business Savings?

If your Shostra Bank business credit or charge card starts with '547367' then your card is eligible for Mastercard Business Savings.

Do I need to enrol in Mastercard Business Savings? Close

Do I need to enrol in Mastercard Business Savings?

No, there is no requirement to enrol your cards this benefit is provided automatically. However, if you wish to remove your business card account from the programme, please call Commercial Cards using the telephone number on the back of your card.

How do I take advantage of the merchant offers? Close

How do I take advantage of the merchant offers?

Simply use your eligible business credit/charge card on a qualifying purchase at any participating merchant. Merchant rebates are paid directly to the business card account shortly after completing transactions, normally within 3-5 business days after the qualifying purchase. Rebates will show on monthly and online statements.

If some or all of the qualifying purchase is returned, will the rebate be impacted? Close

If some or all of the qualifying purchase is returned, will the rebate be impacted?

Yes. At the time of a partial or full return, Mastercard will reverse the appropriate portion of the rebate.

Do the merchant offers have an expiry date? Close

Do the merchant offers have an expiry date?

There are no specific expiry dates on participating merchants' rebate offers; however, you should check the Mastercard Business Savings website often for participating merchants and offer details.

Do I have to change the way I treat VAT after receiving Mastercard Business Savings rebates? Close

Do I have to change the way I treat VAT after receiving Mastercard Business Savings rebates?

No. HMRC has clarified that there is no requirement to adjust VAT reclaim to take account of the Business Savings rebate. Businesses that are VAT registered should therefore reclaim VAT on the gross purchase amount as usual.