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Compare business credit cards: fees, rates and eligibility

18 UK business credit and charge cards from 12 issuers, compared on what each issuer publishes on its own website: annual fee, representative APR, interest-free days, credit limit, rewards, foreign and cash fees, and who can apply. Every figure has its source and the date we read it.

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Edited by Reviewed

Cards compared
1814 credit cards and 4 charge cards from 12 issuers
No annual fee
4 of 18state no ongoing annual fee; the rest charge or waive it conditionally
Lowest representative APR
15.95%Lloyds Bank, a credit card. Latest check 13 Oct 2026
Showing 18 of 18 cards

High-street banks 12 cards

Each bank’s own business credit card page, read on the date shown. Most are open only to customers who already hold that bank’s business current account.

Barclaycard Select Cashback business credit card

Credit card, high-street bank

Source: barclaycard.co.ukchecked 2026-10-13

Annual fee
£0no ongoing annual fee
Rate
25.5% APRrepresentative, variable
Interest-free
56 daysup to, if paid in full
Rewards
1% cashbackon £2,000+ monthly spend
Fees, rate, eligibility and guarantee
Annual fee
£0 a year
Rate in full
Representative 25.5% APR (variable); purchase rate: simple 22.910%, compound equivalent 25.5%; cash 31.8% compound equivalent
Interest-free
Up to 56 days on purchases when paid in full; none on cash withdrawals
Credit limit
Minimum £1,000; maximum subject to application, circumstances and borrowing history
Rewards
1% cashback on eligible business spend of £2,000 or more per statement month, uncapped
Foreign fee
2.99% non-sterling fee on purchases
Cash withdrawals
3% (minimum £3), plus 2.99% if non-sterling
Late payment
£12 (late payment, over limit or returned payment)
Minimum payment
£5, or interest and fees plus 1% of the remaining balance
Personal guarantee
Not published on the product page
Eligibility
Business owner or director; directors and employees over 18; UK-based business; turnover (or new-business plan) of £10,000 to £6,500,000 a year; not bankrupt; existing financial commitments not overdue in the last 12 months; not declined for a Barclaycard commercial card in the last six months.
May suit
UK businesses with turnover from £10,000 that spend £2,000 or more a month and pay in full.
Good to know
The representative example assumes a £1,200 credit limit. Cashback only accrues in months with qualifying spend of £2,000 or more.

Barclaycard Premium Plus business credit card

Credit card, high-street bank

Source: barclaycard.co.ukchecked 2026-10-13

Annual fee
£150a year
Rate
54.3% APRrepresentative, variable
Interest-free
56 daysup to, if paid in full
Rewards
0.5% cashbackup to £400 a year
Fees, rate, eligibility and guarantee
Annual fee
£150 a year (per account)
Rate in full
Representative 54.3% APR (variable, assumed £1,200 limit including the £150 fee); purchase rate 18.4% p.a. (variable)
Interest-free
Six months interest-free on purchases from account opening; then up to 56 days when paid in full
Credit limit
Minimum £1,000; maximum subject to application, circumstances and borrowing history
Rewards
0.5% cashback on all business spend, up to £400 a year
Foreign fee
0.99% non-sterling fee on purchases
Cash withdrawals
3% (minimum £3), plus 0.99% if non-sterling
Late payment
£12 (late payment, over limit or returned payment)
Minimum payment
Not published on the product page
Personal guarantee
Not published on the product page
Eligibility
Business owner or director; directors and employees over 18; UK-based business; turnover (or new-business plan) of £10,000 to £6,500,000 a year; not bankrupt; existing financial commitments not overdue in the last 12 months; not declined for a Barclaycard commercial card in the last six months.
May suit
UK businesses that buy abroad often and want a low foreign-transaction fee and an interest-free start, and will carry the £150 fee.
Good to know
The 54.3% representative APR is driven by the £150 fee over an assumed £1,200 limit.

Barclaycard Select business charge card

Charge card, high-street bank

Source: barclaycard.co.ukchecked 2026-10-13

Annual fee
£42a year
Rate
3.6% APRrepresentative, variable
Interest-free
38 daysup to, if paid in full
Rewards
None stated
Fees, rate, eligibility and guarantee
Annual fee
£42 a year (per account), paid in the first month
Rate in full
Representative 3.6% APR (variable), as Barclaycard prints it for this charge card
Interest-free
Up to 38 days to pay off purchases; balance must be paid in full each month
Credit limit
Minimum £1,000; maximum subject to application, circumstances and borrowing history
Rewards
None stated on the product page
Foreign fee
2.99% non-sterling fee on purchases
Cash withdrawals
3% (minimum £3), plus 2.99% if non-sterling
Late payment
Fees are charged for late payments (amount not shown on the product page)
Minimum payment
Balance must be paid in full by the due date every month
Personal guarantee
Not published on the product page
Eligibility
Business owner or director; directors and employees over 18; UK-based business; turnover (or new-business plan) of £10,000 to £6,500,000 a year; not bankrupt; existing financial commitments not overdue in the last 12 months; not declined for a Barclaycard commercial card in the last six months.
May suit
Businesses that will pay in full every month and want no revolving interest.
Good to know
A charge card has no revolving credit: the full balance is due each month. The 3.6% representative APR is shown as Barclaycard publishes it.

HSBC UK Commercial Card (business credit card)

Credit card, high-street bank

Source: business.hsbc.ukchecked 2026-10-13

Annual fee
£32a year, free in year one, per card
Rate
22.0% APRrepresentative, variable
Interest-free
56 daysup to, if paid in full
Rewards
None stated
Fees, rate, eligibility and guarantee
Annual fee
£32 a year per card, waived for the first year
Rate in full
Representative 22% APR variable (assumed £1,200 limit); purchases and cash advances 15.9% a year (variable)
Interest-free
Up to 56 days (38 days if you pay in full each month by Direct Debit)
Credit limit
Minimum £500 per card; maximum subject to status
Rewards
None stated on the product page
Foreign fee
2.99% of the transaction in sterling (minimum charge for cash £3.00)
Cash withdrawals
2.99% handling fee, minimum £3
Late payment
£12
Minimum payment
Interest, fees and charges plus 1.5% of the remaining balance; minimum £5
Personal guarantee
Not published on the product page
Eligibility
Any business with an HSBC Business Current Account; applicants 18 or over and UK resident; schools and charities if authorised to borrow.
May suit
Existing HSBC business current account holders who want a simple card with a fee-free first year.
Good to know
Subject to application, eligibility and credit check.

Lloyds Bank Business Credit Card

Credit card, high-street bankLowest published representative APR on a credit card

Source: lloydsbank.comchecked 2026-10-13

Annual fee
£32a year, free in year one, per card
Rate
15.95% APRrepresentative, variable
Interest-free
56 daysup to, if paid in full
Rewards
0.5% cashback1% on fuel and charging
Fees, rate, eligibility and guarantee
Annual fee
No fee for the first 12 months, then £32 per cardholder (waived with £6,000 or more spend a year across all cards)
Rate in full
Variable representative 15.95% APR based on borrowing £1,200; purchases and cash withdrawals 14.9% a year (variable)
Interest-free
Maximum 56 days on new purchases if paid in full and on time; none on cash withdrawals
Credit limit
Borrow up to £25,000
Rewards
1% on fuel and charging, 0.5% on other purchases; £2,000 minimum monthly spend threshold applies
Foreign fee
2.95% non-sterling transaction fee
Cash withdrawals
Withdraw up to £500 a day; a cash withdrawal charge applies (amount not shown on the product page)
Late payment
£12
Minimum payment
Not published on the product page
Personal guarantee
Lloyds says: a guarantee may be needed for limited companies and LLPs.
Eligibility
Existing Business Current Account holder; sole trader, partner or company director with authority to borrow; 18 or older; business use only.
May suit
Existing Lloyds business current account holders, including sole traders, who spend on fuel and charging.
Good to know
Cashback needs at least £2,000 of qualifying spend in the billing cycle; 1% applies to fuel and electric vehicle charging only.

Lloyds Bank Business Charge Card

Charge card, high-street bank

Source: lloydsbank.comchecked 2026-10-13

Annual fee
£32a year, free in year one, per card
Rate
Not publishedno APR on the page
Interest-free
42 daysup to, if paid in full
Rewards
0.5% cashback1% on fuel and charging
Fees, rate, eligibility and guarantee
Annual fee
No fee for the first 12 months, then £32 per cardholder (waived with £6,000 or more spend a year across all cards)
Rate in full
Not published
Interest-free
Up to 42 days on purchases; balance paid in full by Direct Debit each month
Credit limit
Borrow a minimum of £1,000; maximum not published
Rewards
1% on fuel and charging, 0.5% on other purchases; £2,000 minimum monthly spend threshold applies
Foreign fee
2.95% non-sterling transaction fee
Cash withdrawals
Daily cash withdrawal limit of £500; a cash withdrawal charge applies (amount not shown on the product page)
Late payment
Not published on the product page
Minimum payment
Balance paid in full by Direct Debit each month
Personal guarantee
Lloyds says: a guarantee may be needed for limited companies and LLPs.
Eligibility
Existing Business Current Account holder; sole trader, partner or company director with authority to borrow; 18 or older; business use only.
May suit
Existing Lloyds business current account holders who will pay in full each month.
Good to know
No APR is published on the product page for the charge card.

NatWest Business Credit Card

Credit card, high-street bank

Source: natwest.comchecked 2026-10-13

Annual fee
£30a year, free in year one, per card
Rate
24.3% APRrepresentative, variable
Interest-free
56 daysup to, if paid in full
Rewards
1% cashbackfuel and EV charging only
Fees, rate, eligibility and guarantee
Annual fee
No fee in the first year, then £30 per card (waived with £6,000 or more spend a year)
Rate in full
Representative 24.3% APR (variable, assumed £1,200 limit); purchase rate 16.9% p.a. (variable)
Interest-free
Up to 56 days interest-free when you pay your balance in full
Credit limit
Minimum £500; maximum based on status
Rewards
1% cashback at eligible fuel and EV charging providers
Foreign fee
2.95% of each foreign exchange transaction
Cash withdrawals
3% of the transaction amount (minimum £3)
Late payment
£0 admin fee for a late payment, returned payment or going over the limit
Minimum payment
The higher of £5 (or the full balance if less), or interest, charges, 1/12 of the annual fee and 3% of the balance
Personal guarantee
Not published on the product page
Eligibility
UK businesses (18+) with a NatWest business account (same legal entity) and turnover up to £2m; UK address and tax registration required; business use only. Separate terms apply to sole traders and partnerships of up to 3 partners, and to limited companies and LLPs.
May suit
Existing NatWest business account holders with turnover up to £2m.
Good to know
NatWest and NatWest publish identical card terms on their own pages; they are listed separately because they are separate brands and accounts.

Royal Bank of Scotland Business Credit Card

Credit card, high-street bank

Source: business.rbs.co.ukchecked 2026-10-13

Annual fee
£30a year, free in year one, per card
Rate
24.3% APRrepresentative, variable
Interest-free
56 daysup to, if paid in full
Rewards
1% cashbackfuel and EV charging only
Fees, rate, eligibility and guarantee
Annual fee
No fee in the first year, then £30 per card (waived with £6,000 or more spend a year)
Rate in full
Representative 24.3% APR (variable, assumed £1,200 limit); purchase rate 16.9% p.a. (variable)
Interest-free
Up to 56 days interest-free when you pay your balance in full
Credit limit
Minimum £500; maximum based on status
Rewards
1% cashback at eligible fuel and EV charging providers
Foreign fee
2.95% of each foreign exchange transaction
Cash withdrawals
3% of the transaction amount (minimum £3)
Late payment
£0 admin fee for a late payment, returned payment or going over the limit
Minimum payment
The higher of £5 (or the full balance if less), or interest, charges, 1/12 of the annual fee and 3% of the balance
Personal guarantee
Not published on the product page
Eligibility
UK businesses (18+) with a Royal Bank of Scotland business account (same legal entity) and turnover up to £2m; UK address and tax registration required; business use only. Separate terms apply to sole traders and partnerships of up to 3 partners, and to limited companies and LLPs.
May suit
Existing Royal Bank of Scotland business account holders with turnover up to £2m.
Good to know
Royal Bank of Scotland and NatWest publish identical card terms on their own pages; they are listed separately because they are separate brands and accounts.

Santander Business Cashback Credit Card

Credit card, high-street bank

Source: santander.co.ukchecked 2026-10-13

Annual fee
£30a year
Rate
23.7% APRrepresentative, variable
Interest-free
56 daysup to, if paid in full
Rewards
1% cashbackall spend, no cap
Fees, rate, eligibility and guarantee
Annual fee
£30 a year account fee (extra cards at no extra cost)
Rate in full
Representative 23.7% APR (variable, £1,200 credit limit); purchase rate 18.9% p.a. (variable)
Interest-free
Up to 56 days interest-free on purchases when paid in full and on time
Credit limit
£500 to £25,000, subject to status
Rewards
1% cashback paid monthly on all business spend, no cap
Foreign fee
No foreign transaction fee on purchases abroad when paying in the local currency
Cash withdrawals
Not published on the product page
Late payment
Not published on the product page
Minimum payment
Not published on the product page
Personal guarantee
Santander says: limited companies and LLPs may be asked for a personal guarantee; sole traders and partnerships will not be (its personal guarantees page).
Eligibility
Existing Santander Business Current Account holder; business based and registered in the UK; sole trader, partnership, LLP or private limited company with no more than 2 partners or directors who own the business entirely; all owners 18 or over and UK residents; good credit history; no IVA in the last 6 years.
May suit
Existing Santander business account holders with up to two owners who want uncapped cashback and no foreign-purchase fee.
Good to know
The £30 fee is charged even if the card is not used. A full credit check is made on application.

Metro Bank Business Credit Card

Credit card, high-street bank

Source: metrobankonline.co.ukchecked 2026-10-13

Annual fee
£0no ongoing annual fee
Rate
18.9% APRrepresentative, variable
Interest-free
56 daysup to, if paid in full
Rewards
None stated
Fees, rate, eligibility and guarantee
Annual fee
Zero annual fee
Rate in full
18.9% APR representative (variable): one rate on all cards
Interest-free
Up to 56 days on purchases when you pay your balance in full and on time
Credit limit
Not published
Rewards
None stated on the product page
Foreign fee
Free in most European (SEPA) countries; 2.99% outside Europe
Cash withdrawals
Free in Europe; 2.99% plus £1.50 outside Europe
Late payment
Not published on the product page
Minimum payment
Not published on the product page
Personal guarantee
Not published on the product page
Eligibility
You need a Business Current Account or Commercial Current Account with Metro Bank.
May suit
Existing Metro Bank business customers who want one flat rate, no annual fee and no fee for card use in Europe.
Good to know
Metro Bank states one rate for all its business cards.

Virgin Money Business Credit Card

Credit card, high-street bankLongest published interest-free period

Source: uk.virginmoney.comchecked 2026-10-13

Annual fee
£28a year, free in year one, per card
Rate
27.7% APRrepresentative, variable
Interest-free
59 daysup to, if paid in full
Rewards
1% cashbackeligible spend, no cap
Fees, rate, eligibility and guarantee
Annual fee
No annual fee in the first year, then £28 per card
Rate in full
Representative 27.7% APR (variable, assumed £1,200 limit); purchase rate 21.9% p.a. (variable)
Interest-free
Up to 59 days interest-free on purchases when paid in full and on time; none on cash advances
Credit limit
One shared credit limit across the account; figure not published
Rewards
1% cashback on eligible spend, no cap, credited monthly
Foreign fee
2.95% non-sterling transaction fee (not charged on Euro, Swedish Krona or Romanian Lei transactions in the UK or EEA)
Cash withdrawals
3% (minimum £3)
Late payment
£12
Minimum payment
Not published on the product page
Personal guarantee
Virgin Money says it may need a personal guarantee from you or someone else, or security from the business or a guarantor.
Eligibility
UK resident aged 18 or over with a Virgin Money business current account; the business must have been actively trading for at least 12 months; subject to status.
May suit
Existing Virgin Money business account holders who have traded for 12 months or more and want uncapped cashback.
Good to know
Cashback terms and exclusions apply.

The Co-operative Bank Business Credit Card

Credit card, high-street bank

Source: co-operativebank.co.ukchecked 2026-10-13

Annual fee
£24a year
Rate
21.8% APRrepresentative, variable
Interest-free
56 daysup to, if paid in full
Rewards
None stated
Fees, rate, eligibility and guarantee
Annual fee
£24 a year (included in the APR)
Rate in full
21.8% APR representative (variable, assumed £1,200 limit); purchases and cash withdrawals 15.9% a year (variable)
Interest-free
Up to 56 days on purchases if the balance is paid in full by the due date; none on cash withdrawals
Credit limit
£500 to £25,000, subject to status
Rewards
None stated on the product page
Foreign fee
2.75% currency conversion charge
Cash withdrawals
3% (minimum £3), plus 2.75% currency conversion if abroad
Late payment
£10.50 per payment missed or received after the due date
Minimum payment
The highest of 2% of the statement balance, £5, or interest and charges plus 1% of the balance
Personal guarantee
Not published on the product page
Eligibility
Key individuals 18 or over; UK resident with a business or charity address in the UK; authorised to borrow on behalf of the business or charity; a Co-operative Bank business bank account holder (closing the account closes the card); business use only.
May suit
Co-operative Bank business or charity account holders who want a lower annual fee and a published 15.9% purchase rate.
Good to know
The page says the representative example includes the £24 annual fee. A credit search is made when the limit is set.

Alternative lenders 3 cards

Online lenders whose cards do not require a business current account with them, though their own eligibility rules apply.

Capital on Tap Business Credit Card (Free plan)

Credit card, alternative lenderHighest published credit limit

Source: capitalontap.comchecked 2026-10-13

Annual fee
£0no ongoing annual fee
Rate
from 13.86%a floor, not typical
Interest-free
Not published
Rewards
1% cashbackuncapped, as points
Fees, rate, eligibility and guarantee
Annual fee
£0 a year
Rate in full
Rates as low as 13.86% APR (variable)
Interest-free
Not published
Credit limit
Up to £250,000
Rewards
Uncapped 1% cashback on all card spending (1 point per £1)
Foreign fee
No foreign exchange fees
Cash withdrawals
No ATM fees; up to £400 a day, maximum two withdrawals
Late payment
Not published
Minimum payment
Not published
Personal guarantee
Required: the issuer's FAQ says its card requires a personal guarantee.
Eligibility
Active UK director or majority shareholder (25%+); business registered as a Ltd, LLP or PLC and active on Companies House; no unsatisfied CCJs in the last 12 months; not a high-risk industry. Not eligible: sole traders, charities, trusts, funds, dormant or dissolved companies. No minimum trading period. A business bank account is required.
May suit
Limited companies, LLPs and PLCs that want a fee-free card with cashback and no minimum trading period.
Good to know
No representative APR or representative example is published on the page: 13.86% is the lowest rate, and the page says the final rate depends on personal and business credit history and the Bank of England base rate.

Capital on Tap Business Credit Card (Pro plan)

Credit card, alternative lenderHighest published credit limit

Source: capitalontap.comchecked 2026-10-13

Annual fee
£299a year
Rate
from 13.86%a floor, not typical
Interest-free
Not published
Rewards
1% cashback1.25% on preloaded spend
Fees, rate, eligibility and guarantee
Annual fee
£299 a year, billed annually
Rate in full
Rates as low as 13.86% APR (variable)
Interest-free
Not published
Credit limit
Up to £250,000
Rewards
1% on card spending; 1.25% on preloaded spend; 10,000 bonus points for £5,000 spend in the first 3 months (new sign-ups)
Foreign fee
Not published separately on the Pro page (the Free plan lists no foreign exchange fees)
Cash withdrawals
Not published on the product page
Late payment
Not published
Minimum payment
Not published
Personal guarantee
Not published on the Pro page; the Free plan page's FAQ says its card requires a personal guarantee.
Eligibility
Not listed on the Pro page. Capital on Tap's Free plan page, which covers the same card and says you can change plan at any time, lists: Active UK director or majority shareholder (25%+); business registered as a Ltd, LLP or PLC and active on Companies House; no unsatisfied CCJs in the last 12 months; not a high-risk industry. Not eligible: sole traders, charities, trusts, funds, dormant or dissolved companies. No minimum trading period. A business bank account is required.
May suit
Limited companies that will use the travel perks (airport lounge access, Avios and Virgin Points conversion) enough to offset the annual fee.
Good to know
Pro includes everything on the Free plan plus unlimited airport lounge access for the main cardholder, a metal card and a Times subscription.

Funding Circle Cashback business credit card

Credit card, alternative lenderHighest published credit limit

Source: fundingcircle.comchecked 2026-10-13

Annual fee
£0no ongoing annual fee
Rate
34.9% APRrepresentative, variable
Interest-free
42 daysup to, if paid in full
Rewards
2% then 1%2% for 6 months, up to £2,000
Fees, rate, eligibility and guarantee
Annual fee
No annual fees and no monthly fees
Rate in full
Representative 34.9% APR (variable); interest rates start at 14.9% per year
Interest-free
Up to 42 days interest-free; pay in full or make part-payments
Credit limit
Up to £250,000
Rewards
2% cashback for the first 6 months (up to £2,000), then 1% uncapped
Foreign fee
No foreign exchange fees (Visa exchange rates apply)
Cash withdrawals
Cash withdrawals are not supported by this card
Late payment
Not published on the product page
Minimum payment
At least 10% of the outstanding balance or £100, whichever is higher
Personal guarantee
Not published on the product page
Eligibility
UK-based limited company; at least 1 year of trading history; annual turnover of at least £30,000.
May suit
Limited companies with a year of trading and £30,000 or more turnover that want cashback and no foreign-exchange fee.
Good to know
A soft eligibility check shows your limit without affecting your credit score if you are a limited company. The 2% cashback applies for the first six months only.

American Express 3 cards

American Express issues its business cards directly. Its Gold and Platinum cards are listed by Amex under charge cards.

American Express Business Gold Card

Charge card, card network

Source: americanexpress.comchecked 2026-10-13

Annual fee
£195a year, free in year one
Rate
29.1% p.a.purchase rate only
Interest-free
54 daysup to, if paid in full
Rewards
Points1 per £1, no cashback
Fees, rate, eligibility and guarantee
Annual fee
No annual fee for the first year, then £195 a year
Rate in full
Purchase rate 29.1% p.a. (variable), applies only if you use a line of credit through the Flexible Payment Option
Interest-free
Up to 54 days interest free on purchases
Credit limit
Dynamic spending limit; no figure published
Rewards
No cashback: 1 Membership Rewards point per £1 (2 points on Amex Travel)
Foreign fee
Not published on the product page
Cash withdrawals
Not published on the product page
Late payment
Not published
Minimum payment
Not published
Personal guarantee
Not published on the product page
Eligibility
Business must be a limited company (LTD) or an LLP, and you must be a director or member; UK bank or building society account; aged 18 or over; permanent UK home address; earn at least £20,000 a year; you will pay the £195 annual fee after the first year.
May suit
Limited companies and LLPs that clear the balance each month and will use Membership Rewards and the partner credits.
Good to know
Listed by American Express under charge cards. The 29.1% rate applies only if you choose the Flexible Payment Option rather than paying in full.

American Express Business Platinum Card

Charge card, card network

Source: americanexpress.comchecked 2026-10-13

Annual fee
£650a year
Rate
29.1% p.a.purchase rate only
Interest-free
54 daysup to, if paid in full
Rewards
Points1 per £1, no cashback
Fees, rate, eligibility and guarantee
Annual fee
£650 a year
Rate in full
Purchase rate 29.1% p.a. (variable), applies only if you use a line of credit through the Flexible Payment Option
Interest-free
Up to 54 days interest free on purchases
Credit limit
Dynamic spending limit; no figure published
Rewards
No cashback: 1 Membership Rewards point per £1 (2 points on Amex Travel)
Foreign fee
Not published on the product page
Cash withdrawals
Not published on the product page
Late payment
Not published
Minimum payment
Not published
Personal guarantee
Not published on the product page
Eligibility
Business must be a limited company (LTD) or an LLP, and you must be a director or member; UK bank or building society account; aged 18 or over; permanent UK home address; earn at least £35,000 a year; you will pay the £650 annual fee.
May suit
Limited companies and LLPs with frequent travel spend that will use the travel credits and lounge access.
Good to know
Listed by American Express under charge cards. The 29.1% rate applies only if you choose the Flexible Payment Option rather than paying in full.

British Airways American Express Accelerating Business Card

Credit card, card network

Source: americanexpress.comchecked 2026-10-13

Annual fee
£250a year
Rate
104.9% APRrepresentative, variable
Interest-free
56 daysup to, if paid in full
Rewards
Avios1.25 per £1, no cashback
Fees, rate, eligibility and guarantee
Annual fee
£250 a year
Rate in full
Representative 104.9% APR variable (assumed credit limit £1,200, which includes the £250 annual fee); purchase rate 26.6% p.a. (variable)
Interest-free
Up to 56 calendar days interest free when you pay in full
Credit limit
Not published (the representative example assumes £1,200)
Rewards
No cashback: 1.25 Avios per £1; 10,000 bonus Avios for every £20,000 spent, up to 3 times a year
Foreign fee
Not published on the product page
Cash withdrawals
Not published on the product page
Late payment
Not published
Minimum payment
Not published
Personal guarantee
Not published on the product page
Eligibility
Available to sole traders and small businesses; aged 18 or over; permanent UK home address; earn at least £20,000 a year; you will pay the £250 annual fee.
May suit
Sole traders and small businesses that value Avios and are comfortable with a fee that dominates the representative APR.
Good to know
The 104.9% representative APR is high because the £250 annual fee is spread over an assumed £1,200 limit; it reflects the fee, not the interest rate.

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18 cards. Each figure was read from the issuer’s own page on the date shown on its card. Lender names and logos are trademarks of their respective owners, shown only to identify each issuer. No endorsement or commercial relationship.

Not included, and why. Bank of Scotland (its page returned an error to automated reads), Zempler Bank (its page says applications are closed), Funding Circle FlexiPay (priced as a flat fee per use, with no APR to compare), Payhawk (corporate cards, no published terms), Soldo (prepaid, not credit) and Tide (a referral to Capital on Tap, already listed). We list a card only when its own page publishes terms.

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How to compare business credit cards

There is no best card, only the card whose terms fit how your business spends and repays. Work through these in order. We rank nobody and award no stars.

1. Will you clear it each month?

If you will, the interest rate barely matters and the annual fee, foreign fee and rewards decide the cost. If you will carry a balance, compare the purchase rate, not the headline cashback.

2. Add up the fees you will trigger

Annual fee per card, foreign transaction fee if you buy abroad, cash fee if you withdraw, late fee if you slip. A representative APR includes only compulsory fees.

3. Check you can apply

Many bank cards need that bank’s business account; some need a minimum trading history or turnover; some are limited-company only. The eligibility line on each card says which.

4. Read the guarantee line

A limited company may be asked for a personal guarantee. The card details show what each issuer says, or that it says nothing.

5. Test the rewards

Cashback often has a monthly spend threshold, a category limit or a time limit. Work out what you would really earn before it offsets a fee.

6. Ask what the check does to your file

Some issuers use a soft search at application. Others do not say. See our credit score guide.

Charge card vs credit card

Four of the cards above are charge cards. The difference is whether you can carry a balance.

Credit cardCharge card
BalanceCan be carried from month to month, with interest and a minimum payment.The whole statement balance is due by the payment date.
InterestA purchase rate applies to any balance you carry.No revolving purchase rate on the card pages we read, except American Express, which prices an optional Flexible Payment Option at 29.1% a year on its Gold and Platinum cards.
LimitA fixed credit limit, published as a range or per issuer.Barclaycard and Lloyds publish a minimum (£1,000); American Express describes a dynamic limit and publishes no figure.
Interest-free periodUp to 56 days is typical on purchases when paid in full; Virgin Money states 59.Barclaycard states up to 38 days, Lloyds 42 and American Express 54, when paid in full.
FeesAnnual fee varies; late and over-limit fees apply.Annual fees are shown on each card; late fees are charged for missed payments.
May suitBusinesses that sometimes carry a balance.Businesses that will pay in full every month and want a firm repayment discipline.

General characteristics, with the figures each issuer publishes on its own page. Not any issuer’s terms beyond those shown on the cards above.

What a representative APR means for a card

Three numbers on a card page answer three different questions. Read our full guide to business credit card APR.

Representative APR

A standardised yearly figure that blends the interest rate and compulsory fees on an assumed credit limit, usually £1,200. At least 51% of accepted applicants must get it or better. It is not a quote.

Purchase rate

The yearly interest rate on what you buy, charged if you do not clear the balance in time. It is what carrying a balance actually costs.

Interest-free days

The longest gap before interest starts on purchases, only if you pay the whole statement by the due date. A maximum, not a guarantee, and not for cash withdrawals.

Guides to business credit cards

Frequently asked questions

What is the difference between a business credit card and a charge card?

A credit card lets you carry a balance from month to month and pay interest on it, with a minimum payment. A charge card has no revolving balance: the whole statement is due by the payment date, so it carries no revolving purchase rate. Both can give an interest-free period if you pay in full. 4 of the 18 cards here are charge cards.

What does a representative APR mean on a business credit card?

It is a standardised figure that folds the interest rate and compulsory fees, such as an annual fee, into one yearly rate on stated assumptions, usually a £1,200 credit limit. It is the rate at least 51% of accepted applicants must receive, so it is not a rate you are promised. Fee-heavy cards show very high representative APRs on that small assumed limit.

Which business credit cards have no annual fee?

On the issuers' own pages: Capital on Tap Business Credit Card (Free plan), Barclaycard Select Cashback business credit card, Metro Bank Business Credit Card, Funding Circle Cashback business credit card.

Do I need a personal guarantee?

It depends on the issuer and the type of business. Santander says it asks limited companies and LLPs but not sole traders or partnerships; Lloyds says one may be needed for limited companies and LLPs; Capital on Tap says its card requires one. Many product pages say nothing. Read our guide to personal guarantees and ask the issuer before you apply.

Can a sole trader get a business credit card?

Some issuers say so: American Express, Lloyds Bank, NatWest, Royal Bank of Scotland, Santander state that sole traders can apply. Capital on Tap, American Express Gold and Platinum and the Funding Circle cashback card are for limited companies or LLPs.

Does a business credit card affect my personal credit score?

Usually not directly, according to issuers that comment, but the application search, a personal guarantee that is called, and sole-trader accounts are the exceptions. See our guide for what each issuer says.

Do you earn commission or take applications?

We do not take applications, and no issuer pays to be listed, moved or reworded. Domain Farm Ltd, which publishes the site, may be paid a fee by a broker if you ask to be introduced through Find a lender. Each card links to the issuer's own page.

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