Business Credit Card help

edited 30 November -1 at 1:00AM in Credit Cards
DanpercDanperc Forumite
1 Post
edited 30 November -1 at 1:00AM in Credit Cards
Hello all, I hope this post is in the right place!

I currently have a Business Account with HSBC and a Commercial Card linked to that account as a Sole Trader.

I want to leave HSBC for a few reasons, the main two being the difficulty I now have with obtaining my old credit card statements and the difficulty the bank has connecting to my banking software.

My issue is that I have money on the commercial card, which I have been making minimum payments on for a while but won't be able to clear straight away, and as a result I am currently trapped in the account.

I have recently found a new bank/business account that I like but it doesn't have the option of a credit card.

I have looked into business balance transfer but they all seem to need a business account with the same bank linked to them, which I don't want as I have found a bank that I like and is more suited to my needs.

As far as I can tell, these are my options:

1) Continue using my HSBC account and pay the subsequent fees whilst paying off the Card, then leave.

2) Try and find a business balance transfer card with no business account attached to it (if they exist).

3) Take out a loan for the amount I need, get a new credit card and pay the loan balance off straight away using that.

Does anyone have any advice on this? Or has anyone been in the same situation before? Any help/advice would be greatly appreciated!

Thanks :)
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