Business Credit Cards

Business credit cards are a great way to keep a check on company spending and with only one bill, they lessen the need for invoicing. Business credit cards generally offer rewards and incentives on your business purchases in the form of cash back or airline miles. Choose yours today and apply easily online.

 APPLY ONLINE

Credit Needed
Average
  • Credit limits up to £25,000 - decision in minutes, and applying does not affect your credit score
  • Up to 37 days 0% interest on card purchases, when balance is cleared in full each month
  • No monthly or annual fees, free UK ATM withdrawals and 0% commission on FX
  • Set Up Fee
    £0
    Annual Fee
    £0
    Interest Free
    Up to 37 days

Representative Example: The standard interest rate on purchases is 19.2% p.a. (variable), so if you borrow £1,200 the representative APR will be 39.4% APR (variable)

 APPLY ONLINE

Credit Needed
Excellent
  • Earn 20,000 bonus membership points if you are approved and spend £3,000 in the first three months of cardmembership - enough for a return business class flight from London to selected European destinations
  • Apply for Supplementary cards (at no extra charge) to share your benefits with your colleagues and employees
  • No pre-set spending limit with purchasing capacity that adjusts according to your business needs.
  • Up to 54 days deferred payment on purchases
  • Annual fee: Free for first year; £125 thereafter
  • You must be 18+, and a UK resident
  • The business must have a current UK bank or building society account, No CCJs
  • Set Up Fee
    £0
    Annual Fee
    £125
    Interest Free
    Up to
    54 days
 APPLY ONLINE

Credit Needed
Excellent
  • Welcome Bonus of 40,000 Bonus Points if you spend £6,000 in the first three months of Cardmembership (T&Cs apply)
  • Comprehensive Worldwide Travel Insurance for business or pleasure
  • Earn 1 Membership Reward point for virtually every full £1 you spend on the card
  • Lounge Access and Platinum Concierge Service
  • Annual fee: £450
  • You must be a UK resident, aged 18 years or over and have no history of bad debt
  • The business must have a current UK bank or building society account and no CCJs
  • Set Up Fee
    £0
    Annual Fee
    £450
    Interest Free
    Up to
    54 days
 APPLY ONLINE

Credit Needed
No Credit Check
  • Intelligent prepaid cards for staff and departments
  • Set bespoke budgets, limits and rules to suit your business needs
  • Free for the first month, then £5 per user per month
  • Contactless
  • No setup fee, choose between a plastic card which cost £5 each or a virtual card which cost £1 each
  • Must be a company registered in the UK
  • Set Up Fee
    £0
    Annual Fee
    £60
    Interest Free
    n/a
 APPLY ONLINE

Credit Needed
No Credit Check
  • Control business spending - Employees can spend only what's loaded
  • Track spend live and reconcile expenses centrally online
  • Free fraud and purchase protection on all card spend
  • MasterCard protected Chip & Pin expenses
  • £69 annual fee
  • Must be a UK resident, aged 18 years or over to apply, and the business must be based in the UK
  • Set Up Fee
    £0
    Annual Fee
    £69
    Interest Free
    n/a
 APPLY ONLINE

Credit Needed
No Credit Check
  • Business current account with no credit checks
  • Setup standing orders for recurring payments
  • Cash withdrawals up to £5,000 per day
  • Pay bills using Faster Payments from your smart-phone
  • £55 application fee (refunded if unsuccessful)
  • Must be a UK resident, aged 18 years or over to apply, and business must be based in the UK
  • Set Up Fee
    £55
    Annual Fee
    £55
    Interest Free
    n/a
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Getting the Right Business Credit Card

Well selected business credit cards offer fantastic commercial advantages to businesses that use them. The actual advantages are specific to individual credit cards, but almost universally business credit cards can help;

  • Businesses accurately understand their expenses at any given time (rather than waiting for receipts and expenses forms to be submitted)
  • Offer businesses enhanced cashflow, as credit terms typically offer users up to 50 days to pay their balance
  • Prevent employees from having to use their own personal credit or monies to pay (albeit temporarily) for business expenses

Beyond these universal features, many business credit cards also offer specific rewards and benefits to entice customers to sign up, and given that there are a number of issuers now offering business credit cards there's a great deal of choice.

What rewards are available from business credit cards?

Depending on the product you select, a number of different features, benefits and rewards can be obtained from business credit cards. Some cards offer points based reward schemes (quite often exchanged for flights etc.), others offer cashback on purchases, whilst others offer low on-going interest (which might be beneficial to those businesses unsure of whether they'll clear their balance each month).

As the credit crunch has instigated a number of start-up ventures, we are also starting to see issuers offering features on business credit cards normally reserved for personal credit cards, like 0% balance transfers.

Other business credit card considerations

Remember to assess all the requirements you have for a business credit card before you start looking around. It's easy to get excited by the individual features offered, but if you don't need them they are unlikely to be of benefit to your business.

It's also beneficial to have a good understanding of the expenses you're likely to incur on your business credit card. Unlike the personal credit card sector, annual fees for products are common in the business credit card space, so you want to be sure that any rewards you gain offset the additional expense of an annual credit card fee.

If a large proportion of your business expenses tends to be for fuel for business travel, you may find a 'fuel card' is far better suited to your needs. Fuel cards are credit cards specifically designed for the purchase of fuel. They offer businesses discounted fuel from UK filling stations and simplify the process of reporting these expenses to HMRC.

If you don't have a business, or you're a sole trader who only uses a credit card for minimal business activity, it's likely that a business credit card isn't right for you. If that's the case compare the best UK personal credit cards here to find something better suited to your exact needs (like a 0% purchase or air miles card).

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