1.Capital on Tap Free Rewards Card
Capital on Tap
- 1%Cashback on all spending
Earn a 7,500-point bonus (worth £75) by using a specific referral code upon sign-up and making a transaction within 30 days.
Earn 1% uncapped cashback on all spending.
14.4%-36.19% Variable APR
The Capital on Tap Free Rewards Card stands out as a top choice for small businesses due to its straightforward cashback structure and lack of annual fees, making it an excellent option for those looking to maximize their spending without incurring extra costs.
Pros:
- No annual fee
- Uncapped cashback
Cons:
- No large welcome bonus
- Limited rewards structure
2.American Express Business Gold Card
American Express
- 4%Points on top business categories
- 3%Points on flights/prepaid hotels
- 1%Points on other purchases
Earn 20,000 Membership Rewards points when you spend £3,000 in your first three months.
Earn 4X points on the top two eligible spending categories each billing cycle.
What sets the American Express Business Gold Card apart is its ability to earn 4X points on top business categories, making it ideal for businesses that frequently spend in those areas. This card is particularly beneficial for those who want to maximize their rewards while managing their expenses effectively.
Pros:
- Flexible spending power
- High rewards on business categories
Cons:
- Annual fee applies
- Requires full balance payment monthly
3.Barclaycard Select Cashback Business Card
Barclaycard
- 1%Cashback on spending over £2,000
- 0.5%Cashback on spending below £2,000
N/A
Earn 1% cashback on spending over £2,000 per statement month.
25.8%-26.1% Variable APR
The standout feature of the Barclaycard Select Cashback Business Card is its straightforward cashback structure, rewarding businesses with 1% on spending over £2,000 per month. This makes it an excellent choice for companies that consistently meet this threshold and want to earn rewards without incurring annual fees.
Pros:
- No annual fee
- Consistent cashback rewards
Cons:
- Requires minimum spending
- No large welcome bonus
- 1%Cashback for high-volume users
- 0.5%Cashback on foreign spend
N/A
Earn up to 1% cashback on spending.
This card shines for its focus on expense management rather than traditional rewards, offering up to 1% cashback for high-volume users. Moss is ideal for businesses looking to streamline their spending and gain control over their expenses while benefiting from cashback incentives.
Pros:
- High credit limits
- Real-time expense management
Cons:
- No traditional rewards structure
- Limited cashback for low spend
5.Soldo Company Card
Soldo
- 1%Cashback for specific plans
- 0.5%Cashback on domestic transactions
N/A
Earn 0.5% – 1% cashback depending on the plan.
The Soldo Company Card is designed for businesses seeking to control their spending with prepaid cards, offering cashback for specific plans. Its focus on expense management and real-time tracking makes it a valuable tool for companies looking to streamline their financial processes.
Pros:
- Real-time expense tracking
- No fees for domestic transactions
Cons:
- Limited cashback options
- Monthly subscription fees may apply
6.Metro Bank Business Credit Card
Metro Bank
- No rewards breakdown available
N/A
N/A
18.9% Variable APR
The Metro Bank Business Credit Card is particularly useful for businesses that frequently make purchases in Europe, offering significant savings on foreign transaction fees. Its straightforward fee structure and lack of annual fees make it a practical choice for cost-conscious businesses.
Pros:
- No annual fee
- Fee-free transactions in Europe
Cons:
- No traditional rewards structure
- Limited benefits for non-European transactions
7.American Express Basic Business Card
American Express
- 1%Membership Rewards points on spending
Earn 20,000 Membership Rewards points when you spend £3,000 in the first three months.
Earn 1 Membership Rewards point per £1 spent.
26.9% Variable APR
The American Express Basic Business Card is an excellent entry-level option for businesses looking to earn rewards without incurring annual fees. Its straightforward earning structure allows businesses to accumulate points on their spending, making it a practical choice for those starting out.
Pros:
- No annual fee
- Flexible spending power
Cons:
- High APR if not paid in full
- Limited rewards compared to premium cards
8.British Airways American Express Accelerating Business Card
British Airways
- 2.5%Avios on British Airways flights
- 1.5%Avios on other business purchases
Collect 40,000 bonus Avios when you spend £5,000 in the first three months.
Earn 2.5 Avios for every £1 spent on British Airways flights.
26.9% Variable APR
The British Airways American Express Accelerating Business Card earns its place as a top choice for frequent travelers, offering substantial Avios rewards on business purchases and flights. Its generous welcome bonus and ongoing earning potential make it ideal for businesses with high travel expenditures.
Pros:
- High Avios earning potential
- Bonus Avios for spending thresholds
Cons:
- High annual fee
- Requires significant spending for bonuses
Final Words
As you explore the best business credit cards available this January, remember that the right choice can significantly impact your financial management and rewards potential. Take time to compare different options based on your business needs to make informed decisions that will benefit your company in the long run.
Frequently Asked Questions
The Capital on Tap Free Rewards Card offers a welcome bonus of 7,500 points (worth £75) by using a specific referral code upon sign-up and making a transaction within 30 days. Additionally, you can earn 1% uncapped cashback on all spending.
With the American Express Business Gold Card, you can earn 20,000 Membership Rewards points when you spend £3,000 in your first three months. The card offers 4X points on the top two eligible spending categories each billing cycle, making it ideal for businesses with varied spending.
The Barclaycard Select Cashback Business Card allows you to earn 1% cashback on spending over £2,000 per statement month, and 0.5% cashback on spending below £2,000. This structure can be beneficial for businesses with higher monthly expenses.
The Capital on Tap Free Rewards Card and the Barclaycard Select Cashback Business Card have no annual fees, making them cost-effective choices. However, the American Express Business Gold Card has an annual fee of £195, which may be justified by its higher rewards potential.
When selecting a business credit card, consider factors like your spending habits, whether you prefer cashback or rewards points, and the annual fees. Additionally, evaluate the welcome bonuses and ongoing rewards to maximize your benefits.
To apply for a business credit card in the UK, you typically need to provide your business details, including your trading name, address, and financial information. Most applications can be completed online, and many providers offer a quick approval process.
Eligibility for business credit cards usually includes being a UK resident, having an established business, and meeting a minimum credit score. Some cards may require a personal guarantee or additional documentation, depending on the provider.
