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Compare Our Top-Rated Business Credit Cards in the UK

Updated: 24th February 2022

Business credit cards offer practical benefits that appeal to – and in many cases are extremely helpful to – business owners. But with a wide variety of business credit cards and charge cards available in the UK, it may seem overwhelming to find the right card for you and your business. We’ve done the work and compared the top-rated business credit cards on the market to help you make the best decision possible.

Things to consider when comparing business credit cards:

  1. Our star rating: Our five-star ratings are based on factors we believe are important to the average business owner in the UK. We humbly suggest using this rating to help you decide, as we’ve spent countless hours making sure it brings the best business credit cards to the top.
  2. Rewards opportunity: If possible, travel rewards or cash back just for using your company card are great benefits for businesses.
  3. Fees: Typically you want to keep fees as low as possible, there are times when they can unlock great features. Evaluate if and when this makes sense for your business.
  4. Introductory perks: Some business credit cards will offer perks like introductory interest-free periods or sign-up bonuses that sweeten the deal. It can be especially beneficial to look for cards that offer a 0% APR intro period if you have major business expenses coming up.
  5. Extra bonuses: If all else is equal, look at extra bonuses company cards may offer like travel insurance, purchase protection, ability to add supplementary cards, and more.

With these factors in mind, you’re ready to start looking for the best business credit card for you.

Here are The Motley Fool's top-rated business credit cards in the UK

Credit Card Great For Star Rating
British Airways American Express Accelerating Business Card * Collecting Avios and On Business Points
Capital On Tap Business Rewards Credit Card * Rewards on business spend
American Express Platinum Business Card * Premium charge-card experience
Barclaycard Premium Plus Business Credit Card * those who travel for business
Barclaycard Select Cashback Business Credit Card * online account management and Business Rewards.
Soldo Prepaid Business Credit Card * Prepaid cards to manage employee spending
American Express Gold Business Charge Card * Earning rewards while charging business expenses
Barclaycard Select Business Charge Card * controlling business spending, purchase protection and cardholder misuse insurance.
Capital On Tap Business Credit Card * No-hassle business card
Amazon Business Prime American Express Credit Card Amazon Prime Business Owners

Credit card offers from our affiliate partners appear first and are ordered from highest rating to lowest, followed by other top-rated offers. You can read more about our ratings and page sort here. Offers from affiliate partners are marked with a *.

Filter Results

Limited Time Offer
Great For: Collecting Avios and On Business Points

British Airways American Express Accelerating Business Card *

5 stars ?
Apply Now!

On American Express's Secure Website

96.7%

£250

Apply Now!

On American Express's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

This card offers reward points – and lots of them! With it, you gain access to the On Business Points reward scheme and the Avios rewards scheme. The card allows you to earn points at an accelerated rate: 2 On Business Points for every eligible £1 spent with British Airways and 1.5 Avios for every eligible £1 of everyday spending. On top of that, from 1 September 2021, for a limited time, American Express is offering new cardholders a welcome bonus of 60,000 Avios Points when they spend £5,000 in the first three months of card membership (subject to approval, T&Cs apply). Plus, this card’s tiered Avios annual bonus means you can also earn up to 30,000 additional Avios Points every calendar year! Do note that these benefits don’t come for free. The card carries an annual fee of £250.

Read full review

HIGHLIGHTS

  • Limited time welcome bonus offer: from 1 September 2021, new cardholders can earn 60,000 bonus Avios Points when they spend £5,000 in the first 3 months (subject to approval, T&Cs apply)
  • Tiered Avios annual bonus: earn up to 30,000 bonus Avios Points each year. For every £20,000 spent on the card, receive 10,000 bonus Avios, up to 3 times each calendar year
  • 2 On Business Points for every £1 of eligible spend with British Airways
  • 1.5 Avios for every £1 of eligible everyday spending
  • No cap on points earned
  • Travel accident and travel inconvenience insurance (subject to enrolment)
  • Refund and purchase protection

KEY SCORES

Perks 5/5
Fees 1/5
APR 2.5/5

REPRESENTATIVE EXAMPLE

Representative APR 96.7% APR variable
Annual fee £250
Credit Limit Assumed credit limit of £1,200
Purchase Rate 22.2% variable for purchases

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can Apply Now!
on American Express's Secure Website

Top Product
Great For: Rewards on business spend

Capital On Tap Business Rewards Credit Card *

5 stars ?
Apply Now!

On Capital On Tap's Secure Website

22.9%

£99

Apply Now!

On Capital On Tap's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

What makes Capital on Tap business credit cards stand out is their facility to transfer cash fee free directly to your high street bank account. And with the Business Rewards card, not only can limited companies benefit from this easy source of short-term funding, but you can also earn yourself rewards. The card offers 1% cashback or 1 Avios point for every £1 spent, and you stand to receive 10,000 bonus points if you spend £5,000 in the first three months. However, it’s important to be aware that the card comes with an annual fee of £99.

Read full review

HIGHLIGHTS

  • 1% cashback or 1 Avios point for every £1 of card spend
  • Welcome award of 10,000 bonus points or 10,000 Avios when you spend £5,000 in the first 3 months
  • Ability to make fee-free cash transfers to your bank account
  • No foreign exchange or ATM withdrawals fees
  • Up to 20 free supplementary cards
  • Available to limited companies

KEY SCORES

Perks 5/5
Fees 2/5
APR 4/5

REPRESENTATIVE EXAMPLE

Representative 22.9% APR (variable)
Purchase rate 22.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee £99

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can Apply Now!
on Capital On Tap's Secure Website

Great For: Premium charge-card experience

American Express Platinum Business Card *

4.5 stars ?
Apply Now!

On American Express's Secure Website

N/A

£595

Apply Now!

On American Express's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

This card is the jewel in American Express’s Business Charge Card crown. As expected, it has benefits such as its Membership Rewards programme and purchase protection, but it also has a plethora of more exclusive perks such as airport lounge access, hotel upgrades and a dedicated concierge service. Just make sure you can afford the price tag attached, an annual fee of £595.

Read full review

HIGHLIGHTS

  • 1 Membership Rewards point per £1 spent
  • New Cardmember offer: 40,000 bonus Membership Rewards points after spending £6,000 in first 3 months. 
  • Access to 1,200+ airport lounges
  • Access to Platinum Business Service and dedicated concierge and travel team
  • Up to 99 supplementary cards for employees
  • 1 additional Membership Rewards Point per £1 spent through American Express Travel for flights, hotels and car hires
  • Travel Accident and Travel Inconvenience insurance
  • Purchase protection for up to £2,500 on items purchased on card and stolen or damaged within 90 days, plus refund protection up to £300

KEY SCORES

Perks 5/5
Fees 1/5
APR N/A

REPRESENTATIVE EXAMPLE

Not applicable. This is a charge card, so there’s no credit offered.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can Apply Now!
on American Express's Secure Website

Great For: those who travel for business

Barclaycard Premium Plus Business Credit Card *

4.5 stars ?
Apply Now!

On Barclaycard's Secure Website

49.4%

£150

Apply Now!

On Barclaycard's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

The combination of travel benefits and business perks makes the Barclaycard Premium Plus Business Credit Card a tough business card to beat. But it comes at a price.

Read full review

HIGHLIGHTS

  • Enhanced travel insurance
  • Free accounting software, provided by Freshbooks, with your Barclaycard Business credit card. T&Cs apply
  • Cashback on travel and trade. T&Cs apply
  • Discounted rate on foreign exchange fees

KEY SCORES

Perks 5/5
Fees 4/5
APR 3.5/5

REPRESENTATIVE EXAMPLE

Representative 49.4% APR (variable)
Purchase rate 14.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee £150

The approval of your application depends on financial circumstances and borrowing history, so do the terms you may be offered. T&Cs apply.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can Apply Now!
on Barclaycard's Secure Website

Limited Time Offer
Great For: online account management and Business Rewards.

Barclaycard Select Cashback Business Credit Card *

4.5 stars ?
Apply Now!

On Barclaycard's Secure Website

21.9%

N/A

Earn double cashback on spend for the first three months after signup if you apply by 31st March 2022

Apply Now!

On Barclaycard's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

This card allows you to control your purchases and employee benefits while offering you protection on purchases and cardholder misuse insurance. Meanwhile, the card enables you to keep a handle of your spending with online servicing and its MyControls portal. Here, you can manage your employees cards and control your business expenses. It carries no annual fee and you can earn 1% cashback on eligible business spend. This is in addition to access to the Barclaycard Business Rewards scheme, which includes rewards from leading brands such as Amazon Business and Avis. If you apply by 31st March 2022, cardholders can earn double cashback on their spend. Offer runs from 10 January 2022 to 31 March 2022, and is valid for three months after signup. T&Cs apply. 

Read full review

HIGHLIGHTS

  • 2% cashback on eligible business spend for the first three months after signup if you apply by 31st March 2022. Thereafter reverts to 1%. T&Cs apply
  • Free accounting software, provided by Freshbooks, with your Barclaycard Business credit card. T&Cs apply.
  • Up to 56 days interest-free credit on purchases when paid in full & on time
  • Comes with insurance benefits

KEY SCORES

Perks 4/5
Fees 5/5
APR 4/5

REPRESENTATIVE EXAMPLE

Representative 21.9% APR (variable)
Purchase rate 21.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee £0

The approval of your application depends on financial circumstances and borrowing history, so do the terms you may be offered. T&Cs apply.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can Apply Now!
on Barclaycard's Secure Website

Great For: Prepaid cards to manage employee spending

Soldo Prepaid Business Credit Card *

4.5 stars ?
Apply Now!

On Soldo's Secure Website

N/A

£60

Apply Now!

On Soldo's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

Where Soldo’s prepaid business card differs from most other corporate credit cards is that it’s impossible for employees to run up debt, due to the predefined budget limits as well as not having access to the company account. All card activity can be tracked via Soldo’s apps and online administration console, while it all integrates with whichever accounting platforms the Finance department already uses. SMEs can get started with Soldo’s Pro account, which charges £5 per card issued each month, while an expanded Premium service has the monthly rate of £9 for each card.

Read full review

HIGHLIGHTS

  • No credit history needed, ideal for start-ups
  • Manage cards via online payment console
  • Instant free transfers to employee cards

KEY SCORES

Perks 5/5
Fees 4/5
APR N/A

REPRESENTATIVE EXAMPLE

Not applicable. This is not a credit product.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can Apply Now!
on Soldo's Secure Website

Great For: Earning rewards while charging business expenses

American Express Gold Business Charge Card *

4 stars ?
Apply Now!

On American Express's Secure Website

N/A

£175

Apply Now!

On American Express's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

The American Express Gold Business Charge Card offers a fuller package than the basic charge card, with a payment period of up to 54 days on purchases, the Membership Rewards programme, travel insurance, purchase protection, and refund protection. However, you do have to pay for these benefits in the form of a £175 annual fee and a 2.99% non-sterling transaction fee if you use it abroad.

Read full review

HIGHLIGHTS

  • Earn 1 Amex Membership Rewards point per £1 spent
  • New Cardmember offer: 20,000 rewards points bonus (after spending £3,000 in first 3 months)
  • Earn 10,000 extra Membership Rewards points when you spend £20,000 per quarter
  • Access over £500 of the best discounts on business essentials and £100 statement credit at Dell Technologies
  • No annual fee for the first year
  • Up to 99 supplementary cards for employees
  • 1 additional Membership Rewards Point per £1 spent through American Express Travel for flights, hotels and car hires
  • Travel Accident and Travel Inconvenience insurance
  • Purchase protection for up to £2,500 on items purchased on card and stolen or damaged within 90 days

KEY SCORES

Perks 3/5
Fees 1/5
APR N/A

REPRESENTATIVE EXAMPLE

Not applicable. This is a charge card, so there’s no credit offered.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can Apply Now!
on American Express's Secure Website

Great For: controlling business spending, purchase protection and cardholder misuse insurance.

Barclaycard Select Business Charge Card *

4 stars ?
Apply Now!

On Barclaycard's Secure Website

3.6%

£42

Apply Now!

On Barclaycard's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

This is a card that can help businesses stay on top of their expenses and manage employee cards through its easy to use online account management and control portals. You’ll also benefit from a wealth of perks that come with this card including purchase protection and enhanced cardholder misuse insurance, a low annual fee (with zero additional cardholder fees) not to mention access to discounts through the Barclaycard Business Rewards scheme. T&Cs apply.

Read full review

HIGHLIGHTS

  • Purchase protection
  • Up to 38 days to pay interest-free
  • Free accounting software, provided by Freshbooks, with your Barclaycard Business credit card. T&Cs apply
  • Cardholder misuse insurance up to £1m per year for entire business (subject to application). T&Cs apply

KEY SCORES

Perks 3.5/5
Fees 4.5/5
APR 4.5/5

REPRESENTATIVE EXAMPLE

Representative 3.6% APR (variable)
Assumed credit limit £1,200
Annual fee £42

The approval of your application depends on financial circumstances and borrowing history, so do the terms you may be offered. T&Cs apply.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

 

Ready to apply? You can Apply Now!
on Barclaycard's Secure Website

Great For: No-hassle business card

Capital On Tap Business Credit Card *

4 stars ?
Apply Now!

On Capital On Tap's Secure Website

39.4%

£0

Apply Now!

On Capital On Tap's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

The Capital On Tap Business Credit Card comes with a key advantage that you’ll have trouble finding elsewhere: the ability to transfer cash fee free directly to your high street bank account. This could provide an easy source of short-term funds for small businesses. There’s no annual fee on the card nor are there fees on foreign transactions or foreign ATM withdrawals. The representative APR on the card is high though, so you have to be especially careful about paying down your balance.

Read full review

HIGHLIGHTS

  • Option to transfer funds fee free to your bank account
  • No annual fee
  • No non-sterling transaction fees
  • Access up to £100,000 in credit

KEY SCORES

Perks 3/5
Fees 5/5
APR 2.5/5

REPRESENTATIVE EXAMPLE

Representative rate 39.4% APR (variable)

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can Apply Now!
on Capital On Tap's Secure Website

Great For: Amazon Prime Business Owners

Amazon Business Prime American Express Credit Card

4 stars ?

32.6%

£50

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

Amazon and American Express partner up to provide a cash flow solution to Amazon Prime members. The Amazon Business Prime American Express® credit card offers flexible payment options over 90 days OR access to 2% Amazon Rewards.

Read full review

HIGHLIGHTS

  • High cap limit
  • Rare business card benefits
  • Annual fee waiver

KEY SCORES

Perks 4/5
Fees 4/5
APR 2.5/5

REPRESENTATIVE EXAMPLE

Representative APR 32.% APR variable
Annual fee £50
Purchase Rate 21.9%  variable for purchases

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.


More about our top-rated business credit cards

It’s often simpler to compare cards when you already know the type of business credit card you’re looking for. If that’s you, here’s a breakdown of our top-rated business credit cards from the list above per category:

Top-Rated Business Credit Cards for Rewards 

Top-Rated Business Credit Cards for Cashback

Top-Rated Business Charge Cards

Top-Rated Prepaid Business Credit Cards

Top-Rated Business Credit Cards for Amazon Users

Top-Rated Business Credit Cards with Low Fees

And if you’re starting from scratch, we’ve broken down all the basics of business credit cards so you’re ready to pick the best company card for you.

Should I get a business credit card?

There are many reasons to get a business credit card, and these are equally important whether you’re a sole trader or a company director.

A business credit card can:

  • Help your business’s credit score: Often, smaller firms and start-ups find it difficult to get loans because they lack a credit history. The right business credit card can help build your business’s credit score, allowing you to secure loans and at better rates.
  • Control budgets: With a business credit card, you’ll usually have around 56 days before they charge, which can assist with your company cashflow.
  • Cut down on administration: Having your employees use a business credit card can make managing expenses far easier. With a company credit card, all outgoings are listed in one account, rather than ending up with a string of individual expense claims.
  • Keep your finances separate: Separating your personal and business outgoings can simplify your accounting – a business credit card is an easy way to achieve this separation.

If any of these sound helpful to you and your business, you should consider getting a business credit card.

What is a business credit card?

A business credit card can help you manage business cash flow, spread the cost of pricey items or keep an orderly record of your expenses. Top that off with the fact that some offer the opportunity to earn rewards or cashback on all of your business spending.

How do business credit cards work?

The basic functions of a business credit card are similar to personal credit. That is, you use the card to pay for purchases and then pay off all or part of your balance at the end of the month (and carry any remainder as debt). But the added benefits of business credit cards can make them a very useful tool for businesses of all types.

Types of business credit cards

As with regular credit cards, there are several different types of business credit cards. However, we can bucket the main types into three categories:

Rewards business credit cards

When searching business credit cards, you’ll find that some offer a rewards system such as spending perks or cash back. Some of these cards charge a fee, although many offer the system for free for a short time. If they charge fees at all, though, weigh up the benefits of the rewards with the money you’ll have to pay.

Balance transfer business credit cards

There are many credit cards onto which you can shift your existing business debt, but balance transfers are especially useful when it offers 0% or low interest for a period of time, often six or twelve months. There aren’t many purpose-made balance transfer business credit cards on the market.

0% purchase business credit cards

Purchase business credit cards are those which allow you to spend for a certain time – perhaps three months or more – without charging you interest. This break in interest charges could help with your firm’s cashflow, but you will still need to keep up with minimum monthly repayments on the credit card.

Business charge cards

A business charge card requires you to clear your entire balance every month – you cannot actually borrow money on it. You will never see an APR quoted on a charge card, because there isn’t one. The provider does not make money from charging interest. Instead, it is more likely to impose a monthly or annual fee.

Charge cards have two major advantages over a business credit card. First, you can use them to make major purchases without worrying about exceeding your credit limit. Second, they typically offer more freebies or rewards, such as travel cover, vouchers, motor breakdown, cashback, airport lounge access and concierge services.

Who can get a credit card for business?

Business credit cards are available to sole traders, start-ups and those spending money or buying items for a larger company.

Advantages and disadvantages of company credit cards

There are both pros and cons of business credit cards. They include:

Advantages:

  • Convenience – credit cards are quicker and simpler than cheques. You can also use them online or over the phone, making them far more useful than most other payment methods.
  • Interest-free credit – depending on the issuer, business credit cards often offer 56 days interest-free. And of course, you don’t have to worry about interest at all if you clear the entire balance in full every month.
  • Travel perks – most credit cards are internationally recognised and accepted, so using your company credit card for foreign travel purchases may be cheaper with better exchange rates.
  • Ability to set spending limits – with most business card accounts, you can control which of your employees has access and set credit limits to each card accordingly. 
  • Easier admin – when using a credit card for your business, you will only have one bill to settle each month, rather than multiple smaller purchase expenses.
  • Contactless payments – contactless cards have made our lives even simpler, especially in a pandemic. Most cards have contactless payment options that can be used for purchases up to £100.

Disadvantages:

  • Lack of total control of spending – while you can decide on credit limits for each of your company credit cards, you are still handing employees the chance to spend your business money without overall control.
  • Opportunity to run up debt – credit cards are easy to use. This coupled with the delay between transactions and paying your bill, there’s a risk that you could overspend and mount an unaffordable debt. Also, if you don’t pay your statement balance in full each month, interest may accrue and can easily get out of hand.
  • Potential fraud – if your credit card details are found or exposed, you may find large fraudulent purchases on your card statement.
  • Personal credit risks – Some business credit cards require a personal guarantee, meaning your own personal credit is used to help you qualify. This can cause harm to your personal credit if you aren’t able to pay back business expenses.

What perks do you get with a business credit card?

Business credit cards also offer freebies and special deals. Though these perks are usually not as generous as those on personal credit cards.

Still, they’re worth looking out for. Some cards have zero overseas usage charges, enhanced travel insurance benefits or Avios air miles. All of these could tempt those who travel overseas regularly for business. One or two offer 1% cashback on spending. Or waive fees for transferring a balance from an existing card.

A word of warning though. Cards with extras often have higher APRs or high annual fees. So make sure they are worth the cost.

What does a business credit card cost?

Brits often don’t realise how lucky we are when it comes to personal credit cards, as most do not charge an annual fee. This is not the case with business credit cards. Many business cards charge from £30 to £199 a year, or more. Important to consider, particularly if you’re looking for credit cards for small businesses. 

Annual fees may be waived for an introductory period, such as three or 12 months, but always check the long-term cost. Note that in exchange for higher annual fees on a business card, you can sometimes score some pretty mouth-watering perks. However, make sure that the value of the benefits outweigh the annual cost before shelling out for it.

APRs are typically slightly higher for business cards too. This can mean ranging between 22% and 25%, while one or two charge up to 40%. However, we have found long-term APRs as low as 13% to 16%. A higher APR does not matter so much if you plan to clear your credit card on time and in full every month, and are confident you have the discipline to stick to that. However, your handy piece of business plastic could cost you dear if you don’t.

How to compare business credit cards

Comparing business credit cards may feel overwhelming. When choosing which is best for you, consider the following factors:

1. Determine why your business needs a credit card.

Your answer to this question will help you decide which card to apply for. Here are a few reasons you might want a credit card and some matching card types:

  • If you travel a lot for work, look for business credit cards that offer airline or hotel rewards.
  • If you’d like to build a credit profile for your business, a card with low APR and no yearly fees might be best.
  • If you’re looking to make a business balance transfer, search for cards that offer 0% or no-fee balance transfers.

2. Evaluate extra perks available to you.

A perk of a credit card can be collecting rewards while carrying out your usual business spending. Some cards offer cash back based on your spending, while others offer reward points for every pound your company spends you spend. Knowing what will be most useful to you will help in comparing credit cards.

3. Compare relevant fees.

Charges and fees are important when comparing company credit cards. Carefully weigh up the amount you’ll have to spare against the other benefits of a particular card. Typically you want to keep fees as low as possible, but there are times when they can unlock great features.

Can you use a personal credit card for business?

As a rule, you can indeed use a personal credit card for business. If you’re the only person in your firm who needs a credit card and your transactions are likely to be relatively small, you can use your personal credit card for business expenses. However, if multiple people need access or if you’re like to make bigger purchases, a business credit card may be more appropriate.

Do company cards affect my personal credit score?

Your company card can impact your personal credit. It depends on several factors such as the card type and how it’s used. If you have a small business and are the primary account holder of the credit card, your card management will impact your credit. On the other hand, if your business is large and you use one of its several company cards, it’s likely that the business’s credit score will be impacted rather than yours.

How to get a business credit card

Here’s what you’ll need to do in order to get a business credit card:

1. Find the best business credit card for you.

To get a business credit card in the UK, the first step is, of course, to find the card that’s right for you and your business. A page like this one can help you do that. 

2. Make sure you’re eligible for the card.

Once you believe you’ve found the best business credit card for you, you’ll want to make sure you meet the requirements for that card. You can use our Eligibility Checker to see if you qualify ahead of time.

You must typically be 18 years old or older with a UK-registered business. Sole traders, start-ups and larger businesses can all get cards, although they may be offered different deals. Your turnover might be the deciding factor here. With some deals you will also have to sign up to the provider’s current account to qualify, so check that also meets your needs.

The financial strength of your business and its credit profile will also determine which card you can get, and the APR you pay. Even if your business is accepted it may not qualify for the headline APR, as card providers are only obliged to give the advertised rate to 51% of applicants. You could pay more.

3. Apply for the card.

If you meet eligibility requirements, then it’s time to gather together details you’ll need to apply. Online applications are the order of the day, although some providers will also let you apply over the phone or by post. Assemble all relevant information beforehand, which might include your company name, contact details, income and turnover, when your business started, how many employees you have, and so on. If you plan to have additional cardholders, information about those cardholders may also speed things along.

What don’t I get on a credit card for business?

Here’s a bit of bad news. Those juicy 0% introductory rates you find on balance transfers and purchases are rare on business credit cards in the UK.

One or two cards do charge zero interest on purchases for the first six months, while several offer 0% purchases at specified builders’ merchants, aimed at those in the trade. But if you fancy a corporate credit card charging zero interest on balance transfers or purchases for the first two or three years, you may be disappointed.

In addition, personal credit cards give you protection under Section 75 of the Consumer Credit Act 1974, for spending between £100 and £30,000. Sadly, this does not extend to company credit cards, although some cards may offer their own fraud protection scheme. Because of the lack of cover under Section 75, the latter is a more important benefit to look out for in business cards.

Is a business credit card right for you?

If you have a business, then there’s a good chance that a business credit card (or charge card) could be useful to you. Particularly if you’re a sole trader or smaller business, a business card can be a good way to separate your business and personal expenses. Consider it good financial hygiene.

In addition, spending on a business card can help you track and manage expenses for your business and even provide short-term revolving credit in cases where you have short-term gaps in inflows and outflows. Corporate credit cards also may have rewards attached, which is a nice bonus on spending that your business would have done anyway.

Do keep in mind that a business credit card is not a particularly good way to borrow for your business. If what you’re after is funding for your business, then you probably should be looking into loans rather than credit cards. Credit card borrowing costs are particularly high.

Why you can trust us to compare business credit cards

The Motley Fool has been a trusted name in the UK for more than 20 years for helping people from all walks of life improve their financial lives. We’ve analysed thousands of individual credit card data points to help our readers find the cards that will make their financial lives easier and more rewarding. As a company filled with nerdy investors, we put our analytical chops to best use analysing business credit cards and the card features to figure out which we think are best.


Frequently Asked Questions

Are business credit cards personally guaranteed?

Not necessarily. If your business credit, turnover and assets are strong enough, the bank may not require a personal guarantee. If the credit limit on the card is low, there may also be no personal-guarantee required.

However, in a lot of cases, banks will require that you sign a personal guarantee for your corporate credit card. In this case, you will be personally be liable for the debt incurred on your credit card account.

Can a business credit card affect my personal credit?

In cases where you sign a personal guarantee for your business credit card, yes, your business card can affect your personal credit. If you miss payments or otherwise don't stay on track with your business card, that may drag down your personal credit score. Note that this isn't necessarily the case, it depends on how the card issuer reports these issues. Nevertheless, this is a good reason to be as smart with your company credit card as with your personal card. Don't spend above your (business's) means and do pay your bills on time.

Are business credit card fees tax deductible?

If your business card carries an annual fee -- as business cards often do -- that fee may indeed be tax deductible. Other fees, such as interest charged on outstanding balances, may also be deductible. We addressed this question more fully in this article about deducting business card fees. In short, these may be allowable expenses, but it's wise to check with your tax advisor if you're in doubt.

Can I apply for a business credit card without a business?

While you do need a business to apply for a business credit card, the criteria for being a business may be lower than you expect. If you sell goods or services, are a freelance writer or teach football, for example, you could be deemed a business owner. Do bear in mind that it’s very important to be honest on all credit card applications.

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