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Business credit cards

The right corporate credit card can provide a helpful line of credit for your business, help you manage spending and make accounting easier. You might even be able to earn rewards.

4 results found, sorted by affiliated products first. Commission earned affects the table's sort order.
Get 2% cashback uncapped for 3 months*

Barclaycard Select Cashback Business Credit Card

Purchases
27.5%p.a. variable
Annual fee
£0
Representative APR (variable)
27.5%APR
Representative example:
The standard interest rate on purchases is 27.5% p.a. (variable), so if you borrow £1,200 the Representative APR will be 27.5% APR (variable).
More Information
Additional information
*Get 2% cashback uncapped on all business spend for 3 months from account opening. Promotional cashback available to new Barclaycard Select Cashback credit card customers who apply between 14 December 2023 and 2 April 2024.
Additional information
The approval of your application depends on your financial circumstances and borrowing history, so do the terms you may be offered.
Earn cashback on purchases and travel costs

Barclaycard Premium Plus Business Credit Card

Purchases
20.2%p.a. variable
Annual fee
£150
Representative APR (variable)
56.8%APR
Representative example:
The standard interest rate on purchases is 20.2% p.a. (variable), so if you borrow £1,200 the Representative APR will be 56.8% APR (variable).
More Information
Additional information
£150 account fee applies per account. No additional cardholder fees. The approval of your application depends on financial circumstances and borrowing history, so do the terms you may be offered. T&Cs apply.
10,000 bonus points available

Capital on Tap Business Rewards Card

Purchases
Interest rates are not applicable*
Annual fee
£99
Representative APR (variable)
35.15%APR
Representative example:
Representative rate is 35.15% APR (variable).
More Information
Additional information
10,000 bonus points available! Earn 1 point for every £1 of card spend. Redeem 1 point for 1p (1% cashback) or 1 Avios. Free UK ATM withdrawals and 0% commission on FX. T&Cs apply.
Additional information
Available to limited companies and limited liability partnerships.
Free unlimited 1% cashback

Capital on Tap Business Credit Card

Purchases
Interest rates are not applicable*
Annual fee
£0
Representative APR (variable)
35.15%APR
Representative example:
Representative rate is 35.15% APR (variable).
More Information
Additional information
Earn points on all card spend, and redeem for unlimited free 1% cashback or e-gift cards. Upgrade to Business Rewards for £99 to also redeem points for Avios, and to receive 10,000 bonus points when you spend £5,000 in your first 3 months.
Additional information
No monthly or annual fees, free UK ATM withdrawals and 0% commission on FX. Available to limited companies and LLPs. T&Cs apply.

Business credit cards explained

Written by Marianne Curphey; Fact checked by Rachel Wait
Last updated: June 8, 2023

Learn everything you need to know about business credit cards and find the right card for your company

Desk items

A business or corporate credit card could be helpful to your business, simplifying your accounting, improving your cash-flow and making it easier to buy what you need.

Read on for everything you need to know about business credit cards and find out how to pick the best business credit cards for you and your company.

Why use a business credit card?

Business credit cards can be a useful way of keeping track of your company's spending, paying for expenses and having access to short-term credit if needed.

Similar to the way you would use a personal credit card, business credit cards allow you to spend now and pay off the money you spend later. But if you don’t pay off the balance in full each month, you will usually be charged interest. 

The credit limit amount available will be based on the business' status and accounts.

Advantages of a business credit card

You can expect to receive up to 56 days’ interest-free credit on your spending. This can help to spread the cost of your business expenses and improve cash-flow.

If you know you'll be able to pay off the balance in a month or so, paying for items on credit can keep your company's bank balance safe for emergencies or expenses that require immediate payment.

Many business credit cards have high credit limits which can boost the purchasing power of your business. But it's important to only spend what you know you can pay back. To avoid hefty interest charges, it’s best to pay off the full balance each month by direct debit from your business account.

Using a business credit card makes it easier to buy what you need online or over the phone. A business card is also useful if you or your employees have to travel abroad or regularly have external meetings with clients.

This means the payments are limited to the company credit card, rather than your employees having to collect the receipts and file them off to be expensed.

As well as being a convenient way to pay for business expenses while travelling, some cards offer preferential exchange rates, free worldwide travel and medical insurance. Perks like hotel discounts, upgrades and concierge service are sometimes included too.

Spend enough on your business credit card and you might even be able to use these schemes to treat staff with weekend breaks or other rewards.

Other benefits of a company credit card

Essentially, using a business credit card can help you to simplify your business finances. A monthly statement means you can keep track of expenses and see them all in one place. You will also have online and app-based access to keep up to date more often.

It can also cut the need for petty cash – you may get supplementary credit cards for your employees, making it easier to administer employee expenses.

Your statement will show who spent what and when, and you can set personal spending limits for each supplementary card.

Flight

You may be able to collect airmiles or Avios with a business credit card, so you can reward your staff in future

Credit cards for businesses also offer fraud protection. If there's fraud on your card, you won't be liable so long as you report the incident within the required period.

Some card issuers even offer Cardholder Misuse Insurance, to protect you in the event that an employee misuses their credit card.

A number of business credit cards offer discount and reward schemes. Your credit card could entitle you to discounts on everything from flights to office supplies, depending on the card provider.

You can also earn rewards points like airmiles or Nectar points with some cards, which means you could earn enough to treat some of your staff without having to spend any more than you normally would.

Ultimately, finding the best business credit cards comes down to you and your company's needs.

Some companies will prefer to have an expenses system or pay for things only with the money they have coming in, but a business credit card, if used wisely, can be a financial asset.

Things to consider with company credit cards

Think about how  you would use a business credit card – knowing what you want to get out of it will make it easier to pick the right deal. There are a few important criteria to consider when choosing the best business credit card for you:

  • Do you need supplementary business credit cards? If you want to give additional cards to your employees, look into the supplementary services offered by the different providers. For example, is there any charge for supplementary cards or a limit to the number you can have, and can you impose your own credit limit on each one?

  • What credit limit do you need? Think about how much you can realistically afford to repay and the maximum amount your business is likely to need to spend in a month. Even if you're offered a higher credit limit, don't be tempted to accept it if you’ll struggle to pay it back each month.

  • How much can you afford to borrow? Business credit cards are best for short-term credit. Most business credit cards do not offer 0% interest periods and will charge high rates of interest if you do not pay off your balance in full each month. If you are unable to do this, it’s vital that you make at least the minimum monthly repayment. Failure to do so will result in late payment fees and can affect your business credit rating.

  • Will you have to pay an annual fee? Many business credit cards charge an annual fee so consider whether the benefits on offer are worth this cost.

  • Are you hoping for credit card protection for purchases? There is none. The section 75 protections are part of the Consumer Credit Act 1974 and apply to individual consumers only, not to businesses. If you use a personal credit card for a business expense and claim it back through an expenses claim, it might be covered, depending on the circumstances.

Always compare company credit cards and check the various offers available to make sure you get the right deal for your business.

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