1.Capital on Tap Business Credit Card
Capital on Tap
- 1.5%Cash back on all purchases with AutoPay
- 1%Cash back on all other purchases
Earn 10,000 bonus points (worth £100 cashback or 10,000 Avios/Virgin Points) after spending £5,000 within the first 3 months.
Earn unlimited 1% cash back on all purchases, with the opportunity to boost it to 2% by selecting weekly AutoPay.
13.86%-110.33% Variable APR
The Capital on Tap Business Credit Card stands out as the top choice because it offers unlimited cash back on all purchases without any annual fees, making it ideal for small businesses looking to maximize their rewards.
Pros:
- No annual fee
- Unlimited cash back on all purchases
Cons:
- High APR for some users
- Minimum spend required for higher cash back
2.Barclaycard Select Cashback Credit Card
Barclaycard
- 1%Cash back on all business spending
N/A
Get 1% cashback on all business spend when you spend at least £2,000 in a monthly statement period.
25.5%-26.1% Variable APR
What sets the Barclaycard Select Cashback Credit Card apart is its straightforward cashback structure, rewarding users with 1% on all business spending after a minimum monthly spend, making it a reliable choice for consistent earners.
Pros:
- No annual fee
- Up to 56 days interest-free credit
Cons:
- Minimum spend required for cashback
- Higher APR compared to some competitors
3.American Express Business Gold Card
American Express
- 4%Points on top spending categories
- 3%Points on flights/hotels booked via Amex Travel
- 1%Points on all other purchases
Earn 60,000 Membership Rewards points when you spend £6,000 within the first three months.
Earn 4X Membership Rewards points on the top two eligible spending categories each billing cycle.
29.1% Variable APR
The American Express Business Gold Card shines for its exceptional rewards structure, offering 4X points on top spending categories, making it the best option for businesses that frequently spend in those areas.
Pros:
- High rewards on top spending categories
- No pre-set spending limit
Cons:
- High annual fee after the first year
- APR can be high
4.Lloyds Business Credit Card
Lloyds Bank
- 1%Cashback on fuel and EV charging
- 0.5%Cashback on all other purchases
N/A
Earn 1% cashback on fuel and charging, and 0.5% on other purchases.
14.9% Variable APR
The standout feature of the Lloyds Business Credit Card is its straightforward cashback rewards on fuel and charging, making it a practical choice for businesses with significant transportation costs.
Pros:
- No annual fee for the first year
- Flexible repayment options
Cons:
- Annual fee after the first year
- Minimum spend threshold applies
5.Metro Bank Business Credit Card
Metro Bank
- No rewards breakdown available
N/A
N/A
18.9% Variable APR
This card is designed for businesses seeking low-cost, day-to-day spending options, particularly those with transactions in Europe, rather than high-reward earners.
Pros:
- No annual fee
- Flat APR rate
Cons:
- No cashback or rewards
- Limited features compared to competitors
6.Santander Business Cashback Credit Card
Santander
- 1%Cashback on all business spending
N/A
Earn 1% cashback on all business spending.
23.7% Variable APR
The Santander Business Cashback Credit Card is a strong contender for businesses looking for straightforward cashback rewards on all spending, making it a reliable choice for managing everyday expenses.
Pros:
- Uncapped cashback rewards
- No foreign transaction fees
Cons:
- Annual fee applies
- Requires existing Santander business account
7.Funding Circle Cashback Card
Funding Circle
- 2%Cashback for the first 6 months
- 1%Uncapped cashback thereafter
Earn 2% cashback on all card spending for the first 6 months, capped at £2,000.
2% cashback for the first 6 months, then 1% uncapped.
34.9% Variable APR
The Funding Circle Cashback Card offers an impressive introductory cashback rate, making it an excellent choice for businesses looking to maximize their rewards in the initial months of use.
Pros:
- High introductory cashback rate
- No annual fees
Cons:
- High APR
- Capped cashback during the introductory period
Final Words
As you navigate the landscape of business credit cards this March, remember that the best choice hinges on your specific spending habits and financial goals. Take time to compare options, weigh the benefits, and select a card that aligns with your business needs for optimal rewards and financial management.
Frequently Asked Questions
Earn 10,000 bonus points (worth £100 cashback or 10,000 Avios/Virgin Points) after spending £5,000 within the first 3 months.
Earn unlimited 1% cash back on all purchases, with the opportunity to boost it to 2% by selecting weekly AutoPay. The reward breakdown includes 1.5% cash back on all purchases with AutoPay and 1% on all other purchases.
The Barclaycard Select Cashback Credit Card offers 1% cashback on all business spend when you spend at least £2,000 in a monthly statement period. With no annual fee, it can be a cost-effective choice for businesses looking to earn rewards.
Earn 60,000 Membership Rewards points when you spend £6,000 within the first three months.
You can earn 4X Membership Rewards points on the top two eligible spending categories each billing cycle. The reward breakdown includes 4% points on top spending categories, 3% points on flights/hotels booked via Amex Travel, and 1% points on all other purchases.
While many business credit cards have no annual fees, some may charge fees depending on the rewards structure and benefits offered. Always check the card's terms to understand any associated costs.
When selecting a business credit card, consider factors such as the rewards structure, annual fees, interest rates, and any welcome bonuses. Assess your spending habits to find a card that aligns with your business's financial needs.
