Choosing the right credit card for your UK business may be daunting. Our article provides numerous high-quality options to help.
Read further to learn about the leading credit card solutions that may benefit your business.
What Are the Top Business Credit Cards in 2025?
We have thoroughly examined the market to identify the top deals for different needs, ranging from low fees, interest rates, and annual percentage rates (APR) to cashback and rewards. You can learn more about additional details in our Frequently Asked Questions section.
So, let’s get started with a comparison of business credit cards.
Capital On Tap Pro Credit Card
(Best for airport lounge access)
Forbes Advisor Rating: 5.0
Overview:
Capital On Tap Pro credit card offers many perks. Despite its considerable yearly fee of £299, it provides a low APR plus unlimited 1% cashback. You can convert this cashback into Avios points (1 Avios per £1 spent).
A welcome bonus is 10,000 extra points if you spend £5,000 or more in the first three months. You can disburse earned points on e-gift cards, Avios points and extra cashback.
The Capital On Tap Pro card is a key pass to 1,600 airport lounges for the primary cardholder. The card owner can also have two free guest launch passes annually. The Radisson network offers Radisson Rewards VIP status, which provides discounts on hotel stays.
Capital On Tap purchase rate can be estimated as 14.95% EAR (variable) if you have the best credit score. If you don’t, this rate will be higher. Usually, a representative EAR on Capital on Tap business credit card is 36.19% (variable). At the same time, representative APR is 112.45%.
However, your business must have an excellent credit rating to qualify for Capital On Tap’s lowest APR.
Capital On Tap business credit cards’ maximum credit limit is £250,000.
You can preload your card, use it as a prepaid card, and top up with your money to increase the balance. You can order an unlimited number of Capital On Tap cards for your employees at no cost. Cards can seamlessly integrate with accounting software like Xero and QuickBooks.
To apply for a Capital On Tap business credit card, you must be a partner or a private limited company with a turnover of over £24,000.
Features:
- Annual fee: £299
- APR (variable): 112.45%
- Purchase rate (EAR): 36.19%
- Cashback: 1% unlimited
- Rewards: travel perks
- Purchasesinterest-free period:Up to 42 days
- Credit limit: up to £250,000 with preloading
- Employee cards: unlimited
- Expense management tools: free
Pros:
- Unlimited 1% returns cashback, which can be converted later to an e-gift card or Avios points.
- Capital On Tap offers travel perks, including access to airport lounge zones.
- The grace period for domestic and international transactions is up to 42 days.
- Capital on Tab app is convenient and provides many valuable features, including expense management.
- Unlimited number of cards for employees at no cost
- No currency conversion rates when you use Capital On Tap business credit card overseas
- An ability to top up the card with your funds
- A seamless integration with accounting software like QuickBooks, Sage, FreeAgent, KashFlow and Xero
Cons:
- Applicable only for businesses with over £24,000
- You must be a partnership or a private limited company to apply
- High annual card fee – £299
- Your Capital On Tap account must be connected to your business account, which is the account from which your direct debit for repayment is taken.
The American Express Business Gold Card
(Best for Rewards)
Forbes AdvisorRating:5.0
Overview:
The American Express Business Gold Card is the charge card, meaning you must repay the balance each month to avoid charging fees. The card rewards business spending, including hotel stays, accommodation, flights, shopping, discounts, and charitable donations.
Every £1 spent on the card converts into one membership reward point. When you spend at least £20,000 each quarter, you can earn extra 10,000 points. During three months of Card Membership, new cardholders earn 2 points on each £1, and you can spend up to 20,000 points (18+ T&Cs apply). You can spend rewards on gift cards, flights, dining out, and upgrades.
The American Express Business Gold Card is free for additional employees.
If you apply, the first-year yearly fee will be zero, while starting from the second year, you need to pay £195.
Be mindful that AMEX is not accepted everywhere.
Features:
- Annual fee: £195 (no fee for the first 12 months)
- APR (variable): N/A
- Purchase rate (EAR): N/A
- Cashback: 1%-2% Cashback variable
- Rewards: 1 Membership Rewards point per £1 spent, 2 Membership Reward points per £1 spent in your first 3 months, up to 20,000 points (T&Cs apply)
- Purchasesinterest-free period:Up to 54 days
- Credit limit: No fixed credit limits
- Employee cards: Unlimited
- Expense management tools: free
Pros:
- No annual fee for the first year
- A considerable grace period of up to 54 days
- Extra cards for employees at no costs
- Solid bonuses for new and regular cardholders
Cons:
- You must pay off the balance in full every month
- £195 annual fee starting from the second year
- Non-sterling transaction fee
- Primarily eligible to applicants with high credit scores
- Late payment fees.
Santander Business Cashback Credit Card
(Best for Small Businesses)
Forbes Advisor Rating:5.0
Overview:
The Santander Business Cashback Credit card is ideal for small business owners because applicants must be sole traders or entrepreneurs partnering with only two members or directors. However, you can add three additional cardholders at no cost.
The core account holder can oversee credit limits for all other extra card holders.
This card has a low yearly fee of £30 and provides unlimited 1% cashback on all business purchases. So, this card will pay off if you spend a minimum
£3,000 a year.
There are no transaction fees on domestic and overseas payments. However, a 3% fee (minimum £3) is applied for overseas withdrawals.
However, a business owner must have a Santander business current account to apply.
Features:
- Annual fee:£30
- APR (variable): 23.70%
- Purchase rate (EAR): 18.90%
- Cashback:Unlimited 1%
- Rewards:Not applied
- Purchasesinterest-free period:N/A
- Credit limit:Borrowing limit subject to status
- Employee cards:3 cards
- Expense management tools: Santander’s own “My Money Manager” tool
- Customer support: Limited
- Transaction fees:3% overseas withdrawals (minimum £3)
Pros:
- Low yearly fee
- No foreign exchange fees
- Unlimited 1% cashback
- 3 additional cardholders at no cost
Cons:
- No rewards
- You need to be an owner of a Santander business current account to get a business credit card.
- Limited support.
British Airways American Express Accelerating Business Card
(Best for Traveling)
Forbes Advisor Rating:5.0
Overview:
The British Airways American Express Accelerating business credit card is a viable option for travellers who frequently fly with British Airways.
For each £1 spent with BA, you earn Avios points. In other cases, when you disburse £1, you earn 1.5 Avios. You can redeem those points on hotel stays, flights, car hire, and upgrades.
A welcome bonus is 30,000 Avios for spending £5,000 in the first 3 months.
The American Express Global Assist helpline offers 24-hour support for travellers, helping them with issues such as lost luggage, an interpreter, or accommodation.
Despite lucrative bonuses, you will be charged a standard American Express fee of 2.99% for non-sterling transactions. This card has a £250 yearly fee. A representative APR is 107.8%, while the purchase rate is 28.2% (variable). A grace period for business credit cards requires 56 days.
You can apply for additional cards for your employees without hidden costs.
Features:
- Annual fee: £250
- APR (variable):107.8%
- Purchase rate (EAR): 28.2%
- Cashback: N/A
- Rewards: 1. 30,000 bonus Avios points when you spend £5,000 in the first 3 months of Card Membership. 2. 1.5 Avios for every eligible £1 spent
- Purchasesinterest-free period:Up to 56 days
- Credit limit:Borrowing limit subject to status
- Employee cards: Additional complementary cards for no extra cost
- Expense management tool:N/A
- Customer support:24/7
- Transaction fees: 2.99% when you make non-sterling transactions
Pros:
- A welcome reward
- Bonuses for using British Airways
- Regular rewards for non-BA flights
- Access to Global assist service
Cons:
- It is profitable only for frequent business travellers
- Additional foreign exchange fee for transactions
- A considerable yearly fee
- High representative APR.
Lloyds/Bank of Scotland Business Credit Card
(Best for low APR)
Forbes Advisor Rating:5.0
Overview:
Lloyds Bank and Bank of Scotland’s business credit card is a low-cost business solution. Its annual fee is £32, which can be waived in year one. The card has a low APR on spending and a low representative APR. You can also use this card without paying a yearly fee if you spend £6,000 or more annually.
This card offers cashback of up to 1%, including spending on electric vehicle charging and eligible fuel and 0.5% if you spend on other eligible expenditures. The card also provides business travel and buyer protection insurance, which covers up to £2,500 on purchases.
The credit limit is up to £25,000 and varies depending on your credit status.
However, you must have a Lloyds or Bank of Scotland business bank account to use this card.
Features:
- Annual fee: £32 (there is the ability not to pay the yearly fee if the business spends £6,000 or more on the card each year)
- APR (variable):15.95%
- Purchase rate (EAR): 14.9%
- Cashback: 0.5-1%
- Rewards: Business travel insurance and buyers protection insurance (up to £2,500 on purchases).
- Purchasesinterest-free period:N/A
- Credit limit:Borrowing limit subject to status
- Employee cards: N/A
- Expense management tool:N/A
- Customer support:24/7
- Transaction fees: N/A
Pros:
- Yearly fee waived in year one
- Low APR
- 1% cashback on spending
- Business rewards, including buyer protection insurance coverage and free travel insurance
Cons:
- You must open a Lloyds/BoS business bank account to use the card.
- A yearly fee is required.
American Express Basic Business Card
(Best for Basic Services)
Forbes Advisor Rating:4.5
Overview:
The American Express Business Basic Card is an ordinary charge card with no annual fees and spending limits. It is not a credit card, so you don’t need to pay interest. However, late payment fees will occur if you don’t pay the balance in full every month.
This American Express card is suitable for sole traders and small businesses because there is no minimum turnover requirement. To apply, you must be 18 or older, have a permanent UK home address, and own a UK bank or Building Society account.
Additional complimentary cards for your employees are available at no extra cost.
This is the primary card, but it still provides one bonus. You can access priority booking for some events organised with American Express experiences.
Remember that AMEX is not accepted everywhere.
Features:
- Annual fee: £0
- APR (variable):N/A
- Purchase rate (EAR): N/A
- Cashback: N/A
- Rewards: Access to priority booking for some events organised with American Express experiences
- Purchasesinterest-free period:N/A
- Credit limit:No borrowing limit
- Employee cards: Additional cards for employees at no cost
- Expense management tool:N/A
- Customer support:24/7
- Transaction fees: N/A
Pros:
- No annual fees
- No spending limit
- No minimum turnover to be eligible
- Additional cards on request
Cons:
- No rewards
- No cash back.
Barclaycard Select Cashback Business Credit Card
(Best for Cashback)
Forbes Advisor Rating:4.5
Overview:
Barclaycard Select Cashback Business Credit Card offers multiple bonuses for its users. It provides 1% uncapped cashback on predetermined business spending if you spend at least £2,000 per statement within a month. Extra cashback is available for business health insurance, hotel stays, and meals in partnering restaurants. This card also has no annual account fees. You can request extra business cards for specific employees.
You must have at least £10,000 of annual turnover or more to apply for a Barclaycard Select Cashback Business Credit Card. Admission requirements depend on your credit score.
The representative APR on these cards is 27.1% (variable). Interest is charged on the remaining balance, and you can get up to 56 days of grace period after opening your account.
As an additional perk, Barclaycard Select Cashback Business Credit Card offers purchase payment protection, access to events, and discounts on some business needs.
Features:
- Annual fee: £0
- APR (variable):27.5%
- Purchase rate (EAR): 27.1%
- Cashback: 1% uncapped cashback when you spend at least £2,000 per month (T&Cs apply)
- Rewards: Discounts on gigs and business essentials
- Purchasesinterest-free period:Up to 56 days
- Credit limit:Borrowing limit subject to status
- Employee cards: Additional cards for specific employees at no cost
- Expense management tool:Free FreshBooks accounting plan (worth £260/year)
- Customer support:Limited customer support
- Transaction fees: Foreign exchange fees
Pros:
- Unlimited 1% cashback In case you spend £2,000 per month
- No yearly fee
- Free accounting software. T&Cs apply
Cons:
- No rewards
- Relatively high interest rates
- Fees on foreign exchange transactions.
Funding Circle FlexiPay
(Best for Flexibility)
Forbes Advisor Rating:4.5
Overview:
Funding Circle FlexiPay card is a business card that provides more flexibility than traditional company credit cards. You can use it to pay bills, rent, VAT, supplier payments, and even wages. However, to proceed with payments to your vendors or to pay for office supplies, the transaction value must be at least £100. Other types of payments don’t require a specific minimum.
Other remarkable advantages of this card are the free interest and annual fees. However, you must pay fees ranging from 3.9% to 5.9% for each transaction. The cost depends on your business credit score and other assessments made by the Funding Circle.
Cardholders can repay purchases or transactions in monthly instalments over 3, 6, 9 or 12 months.
The FlexiPay app assists in managing cash flow, spending and repayments.
Features:
- Annual fee: £0
- APR (variable):33.4%
- Purchase rate (EAR): 4.9%
- Cashback: N/A
- Rewards: 1. The ability to pay bills, rent, VAT, wages, and supplier payments (paying bills and payments to vendors should start from £100). 2. Minimum repayment periods are from 3 months and up to 12 months
- Purchasesinterest-free period:N/A
- Credit limit:Borrowing limit subject to status
- Employee cards: N/A
- Expense management tool:The FlexiPay app
- Customer support:Limited customer support
- Transaction fees: 3.9% to 5.9%
Pros:
- No yearly fee
- 0% interest
- Repayment periods of up to 12 months
- An ability to pay various for different business expenses
- Tracking of business expenditures in one place
Cons:
- High transaction fees
- Requires £100 minimum transaction for bill and supplier payments
- Employee cards are not available.
RBS Business Plus credit card
(Best for Managing Spend)
Forbes Advisor Rating:4.5
Overview:
The business credit card provided by the Royal Bank of Scotland (RBS) offers cashback, depending on purchase type, up to an annual limit of £600 per year.
The cashback ranges from 0.5% to 3%. You will get a minimum of 1% cashback on all purchases. 1% is for eligible accommodation and travel spending, 2% for eligible business spending, and 3% for eligible electric vehicle charging and fuel.
RBS Business Plus Credit Card has a yearly fee of £70 for each cardholder. So, you need to earn enough cashback to cover an annual payment.
The card does not charge interest on purchases for up to 56 days. Therefore, it is a viable option for travellers who do not want to pay foreign exchange fees.
RBS offers convenient reports to help you manage an efficient business expense tracking solution called ClearSpend. This solution enables you to manage cash flow and analyse your spending.
You must have a RBS business current account to get this credit card.
Features:
- Annual fee: £70
- APR (variable):29%
- Purchase rate (EAR): 13.90%
- Cashback: 0.5%- 3% cashback. £600/year limit
- Rewards: N/A
- Purchasesinterest-free period:Up to 56 days
- Credit limit:Borrowing limit subject to status
- Employee cards: N/A
- Expense management tool:FreeAgent accounting software integration and access to the ClearSpend App is available
- Customer support:24/7 customer support
- Transaction fees: N/A
Pros:
- Up to 3% cash back on eligible business spending
- User-friendly ClearSpend app to analyse and control spending
- No foreign exchange fees
Cons:
- You need to have an RBS business current account
- £70 yearly fee per cardholder
- No rewards.
Metro Bank Business Credit Card
(Best for Traveling in Europe)
Forbes Advisor Rating:4.0
Overview:
Metro Business Credit Card offers many perks to users travelling in Europe. It has no annual or transaction fees if used within 35 European countries, including Germany, Italy, France, and Spain. However, the transaction fee of 2.99% plus £1.50 for cash withdrawals is applied outside Europe.
The Metro Bank Business Credit Card has one of the lowest APRs, at 18.9%. Purchases are interest-free for 56 days. The card doesn’t have a reward system. Businesses can request additional cards for employees.
You can apply if you have a Metro Bank business bank account.
Features:
- Annual fee: £0
- APR (variable):18.9%
- Purchase rate (EAR): 17.44%
- Cashback: N/A
- Rewards: N/A
- Purchasesinterest-free period:Up to 56 days
- Credit limit:Borrowing limit subject to status
- Employee cards: Up to 9 free employee cards
- Expense management tool:Expense management tools available
- Customer support:Limited customer support
- Transaction fees: European transactions are free of charge. Outside Europe, there’s a 2.99% fee plus £1.50 for cash withdrawals.
Pros:
- No yearly fee
- Free spending in Europe
- An ability to add additional cardholders
- Low APR of 18.9%
Cons:
- No cash back and perks
- You must have a metro business bank account
- Non-sterling transaction fees apply outside of Europe.
Summary: The Best Business Credit Cards
COMPANY | FORBES ADVISOR RATING | YEARLY FEE | KEY REWARDS | BEST FOR | LEARN MORE |
Capital On Tap Business Credit Card | 5.0 | £0 (£99 to join the Business Rewards programme) | Unlimited 1% cashback | Airport lounge access | Learn More |
The American Express Business Gold Card | 5.0 | £195 (free for first year) | Earn 1 Membership Rewards point per £1 spent | Rewards | Learn More |
Santander Business Cashback Credit Card | 5.0 | £30 | Unlimited 1% cashback | Small Businesses | Learn More |
British Airways American Express Accelerating Business Card | 5.0 | £250 | 1.5 Avios for every eligible £1 spent | Travelling | Learn More |
Lloyds/Bank of Scotland Business Credit Card | 5.0 | £32 (waived in year one) | Up to 1% cashback, business rewards | Low APR | Learn More |
American Express Basic Business Card | 4.5 | £0 | No yearly fee | Basic Services | Learn More |
Barclaycard Select Cashback Business Credit Card | 4.5 | £0 | Get 1% cashback uncapped when you spend at least £2,000 per month | Cashback | Learn More |
Funding Circle FlexiPay | 4.5 | £0 | Use for all business spending | Flexibility | Learn More |
RBS Business Plus credit card | 4.5 | £70 per cardholder | Up to 2% cashback | Managing Spend | Learn More |
Metro Bank Business Credit Card | 4.0 | £0 | Fee-free spending in Europe | Travelling in Europe | Learn More |
What Are Business Credit Cards?
A business credit card, sometimes called a ‘company credit card, ’ works the same way as a personal credit card. Most business credit cards are issued not to your name but to your business cardholder. This type of card is available to businesses of any size. You can make business purchases up to a specific credit limit using these cards. You can request a particular number of business cards for your employees.
You need to have a good credit rating to apply for those cards.
The following section reveals how a business card works In more detail.
How Does a Business Credit Card Work?
You can use credit cards for business-related payments, bills, and supplies. Every month, you receive a detailed statement of what you’ve spent and how much you need to pay off. If you pay off your balance in full before the month, you usually don’t pay interest, only paying the minimum required repayment. But when the grace or interest-free period ends, and you have not covered the balance, you must repay a specific interest accrued on the used but not paid-off amount.
Except for the interest, you may pay annual fees and transaction fees because it may depend on various factors, including your credit rating and terms and conditions.
The company credit card issuer establishes a credit limit you shouldn’t surpass. Some providers also offer different rewards, cashback, and discounts, which you can use to reduce your payments.
Plastic cards usually involve expense tracking and accounting software, which issuers may provide. Such applications can help you to borrow money efficiently, manage your employees’ limits, control spending, and analyse spending patterns.
What Is the Best Business Credit Card for My Company?
To consider the right business credit card, you should determine what card capabilities are relevant for your business. There is a list of such factors that impact your choice of the best business card:
- Annual fee:Calculate how much profit you need to get to pay off the yearly fee.
- APR: This is your estimated interest. Consider providers with the lowest APR.
- Transaction fees:Analyse the cost structure of the card solution to determine whether those financial expenses are affordable.
- Additional fees:Carefully examine the contract to identify extra costs applicable in different cases, such as foreign exchange or ATM withdrawals. Assess their frequency for your business use.
- Interest-free period: Determine if there is a grace period and how long it is. A high APR would be less actual with a long interest-free period.
- Features:Estimate the card’s capabilities.If you spot something that is not accessible, look for another option.
- Rewards relevancy: Check if the company offers cashback and if it’s unlimited. It will be helpful for your cash flow. Analyse the cashback’s essence and see if it’s relevant to you.
- Attainable rewards:Determine if attaining rewards is beneficial for your business.
- Reputation:Before choosing the right business credit card, consider reviews, recommendations, customer service, and each provider’s reputation.
Best Business Credit Cards for Your Business: How to Apply
What does the application process for receiving your card solution look like? Here are typical steps you need to take to obtain your best business credit card.
- Analyse before applying.Apply for a soft credit search. Most business credit card providers make a pre-approval and credit rating analysis, which doesn’t affect you. So you can find out if you are eligible before the actual application submission.
- Check yourpersonal credit score. Providers may also interested in your credit personal credit score in some cases.
- Consider various credit card options. Analyse different variants based on the factors we’ve mentioned above.
- Choose the best card for your business.Choose a company credit card that suits your business in every way.
- Apply tothe website. Usually, you must fill in the form with the following information: contact details (business and your own), company name and registration number, annual turnover, proof of identification, accounts, additional cardholders, accountant’s information, and tax statements and investor reports. After submission, you may receive an immediate result or wait a few days for the final decision.
- Receive yourbusiness card. A physical card usually takes up to seven days to arrive unless you want to use the virtual card, which is being issued instantly.
What Kinds of Credit Cards Are Available for Businesses?
Usually, providers offer three types of cards:
Purchase Cards
This card type usually has a significant grace period, which is suitable for cash flow. This option allows you to make purchases by planning them. So, you can borrow money and repay them by the end of the interest-free period. Interest is accrued if you have not fully repaid the debt at the end of this period.
Rewards Cards
Credit card providers incentivise you to use such cards regularly. Rewards may vary, depending on the card. The most common perks include cashback and earning points on flight discounts. Some cards have high APRs, annual fees and additional transaction costs. So, paying off your balance to reduce or avoid unnecessary expenses is reasonable.
Balance Transfer Cards
Balance transfer cards allow you to move your debt from one or several credit cards to a new one. You can repay that debt on that card at lower interest rates. Some providers may offer a considerable grace period, which helps repay your debt rather than interest on your card. This option allows you to repay your balance faster and reduce interest charges simultaneously.
What Are the Advantages and Disadvantages of Business Credit Cards?
Now, let’s determine the upsides and downsides of a business credit card:
Pros:
- Streamline yourcash flow:you can manage third short-term costs and money influx during revenue periods.
- Provide convenience: Credit cards are convenient for business purchases using credit expenses.
- A long credit line: Providers frequently offer considerable credit limits and interest-free periods of up to 56 days, which are applicable for small purchases that can be quickly paid off.
- Efficientlymanage expenses: You can easily separate your funds from your business account. Companies can integrate such cards with accounting software for convenient reporting.
- Attain rewards:Besides cashback, you can receive travel bonuses, such as hotel stays, air miles, airport lounges, insurance, and other perks.
- Beneficial foreign exchange transaction fees: Some cards allow access to foreign exchange transaction fees, which is not always possible with other payment types.
- Seamless reporting: You can easily integrate monthly statements with your accounting software for bank reconciliation.
- Improve yourcredit history: Using your business credit card and paying off your debt on time can increase your credit rating.
- More control: The contemporary apps allow you to control employee spending in real-time and adjust spending limits.
- Tax deductible fees: Fees on business-related expenses are tax deductible, unlike personal credit cards.
- Additional protection: You can access fraud protection, travel insurance, and extended warranties.
Cons
- High interest: Although business credit cards are convenient, there is a risk of hefty interest charges caused by overspending and outstanding balances that are not repaid entirely monthly.
- Unauthorised spending:There is a potential risk of misuse by employees.
- Fraud risks:Card usage is prone to deceptive and fraudulent activity.
- Negativecredit score: Not managing well can worsen your personal credit history and affect your credit score.
Are Business Credit Cards Widely Used?
The latest UK statistics indicated that over 600,000 SME or medium-sized businesses used credit cards for purchases in 2022.
However, crowdfunding and business loans are usually more popular payment methods among small or mid-sized companies than business credit card financing. Between 2019 and 2022, the UK’s average use of credit cards for SMEs and medium businesses was 13.2%. 47% of small businesses with over 100 employees use business or bank loans to improve cash flow management.
Alternatives to Business Credit Cards?
There are several methods of financing that businesses can use instead of using credit cards. Here are the most popular of them:
- Business charge card:This card allows you to make purchases and manage expenses like a credit card. However, you must pay off the outstanding balance entirely each month.
- Business loan: Loans can provide funds for business growth. They can be used for rent, salaries, marketing, supplies, and equipment. Because of their high finance costs, business credit cards are not convenient for paying for huge expenses like property.
- Business bank account:A business bank account is a banking service that assists in managing finances and dividing business and personal transactions. With a business bank account, you can receive and make payments and manage your cash flow.
- Overdraft: This is a short-term credit facility. Interest charges are applied only to the overdrawn amount, making it a more cost-effective option than paying interest on the whole balance of a business credit card.
- Invoice finance:An invoice finance facility pays you before your client settles your invoices. You can get a cash advance to pay your bills, rent, wages, and other costs.
How To Manage Your Business Credit Cards With Wallester
The Wallester White-Label solution offers an innovative payment option that benefits large global companies. Smaller and medium-sized businesses can also leverage its flexibility, comprehensive expense data management, and efficiency.
Our White-Label solution enables bespoke payment card programs tailored to companies’ needs. The innovative platform offers Visa-powered branded credit, debit, and prepaid cards, including physical and virtual cards, for seamless and secure transactions.
Launching a program requires four steps: foundational kick-off, thorough due diligence, fintech implementation, and the final go-live phase. Businesses begin by signing a Letter of Intent, followed by onboarding and compliance checks. The implementation phase includes Visa approvals, technical integration, and rigorous testing. Once live, ongoing support ensures smooth operations with dedicated managers and regular maintenance.
Additional features, such as tokenisation for digital wallets, improve customer experience. Wallester’s flexible subscription pricing, starting from €2,495 per month, suits diverse business sizes and models with no hidden fees. This solution empowers companies to streamline operations and unlock new revenue streams in the fintech ecosystem.
If you don’t need a custom solution, the Wallester Business platform allows you to issue corporate cards and quickly manage company spending for free.
Wallester provides unlimited physical and virtual cards, making it a perfect choice for growing organisations. A significant number of cards (up to 300) are available instantly and for free. Obtaining up to 15,000 virtual cards immediately enhances secure online transactions, and using distinct card numbers for each purchase improves safety.
Partnering with Visa allows clients to access improved payment security and attractive offers.
You’re not simply using a corporate card; you’re taking advantage of a system for managing business expenditures. Wallester provides tools for monitoring business expenses, secures multi-currency transactions, and offers various analytical features that deliver insights for informed business decisions.
Our business expense tracking tool encompasses all necessary expense monitoring and reporting functionalities. The app enables invoice uploads, budget management, comprehensive reporting, and a payment approval process that simplifies your oversight of business expenses. Custom integrations through REST API with a range of software make accounting and expense management more effortless.
There are no fees for issuing physical and virtual cards, whether corporate, prepaid, debit, or credit cards. Efficient expense management with personalised spending limits allows you to maintain control over your finances.
Wallester also offers a payroll program, which will be beneficial for your employees.
Why get a business credit card?
– maintaining a distinction between personal and business expenses,
– regulating your cash flow,
– obtaining funds or distributing the costs of business purchases,
– overseeing employee expenditures,
– purchasing fuel for company drivers,
– establishing your business’s credit profile,
– syncing with accounting software,
– earning rewards and cashback,
– eliminating the need for petty cash.
Can my business get a business credit card?
The eligibility criteria for each bank card can vary. These indicators may pertain to:
– the size of the business
– the company’s revenue
– maintaining an account with the same bank
– the business being incorporated in the UK
– credit status and evaluations
– a personal guarantee from the owner
– audited company financial statements.
If you are launching a new business and lack proof of revenue or an established business’s credit history, your personal credit score and financial condition will be evaluated more closely. You may also be required to provide a personal guarantee.
Can you get a business credit card immediately?
How much do business credit cards cost?
Interest rates on business credit cards are generally higher than personal credit card rates. However, you can avoid interest charges by paying off the card balance monthly.
Interest rates can vary based on whether you are purchasing, withdrawing cash, or using the card internationally.
You might also encounter foreign transaction fees and currency conversion charges when using a business credit card abroad.
Additional or supplementary bank cards could be available at no cost, or there may be a fee for each card. It’s essential to read the fine print on the card agreement before applying to understand any charges for requesting multiple cards.
Business credit cards tend to impose extra fees if you exceed your credit limits or fail to make at least the minimum payment each month.
Is it reasonable to get a credit card for business?
Can a business credit card affect my personal credit?
Using this card responsibly is crucial, just as with personal credit cards. Missing payments or carrying high balances can diminish personal scores, particularly for freelancers or self-employed individuals. The impact on personal credit for limited companies is less usual and depends on certain factors. Self-employed individuals must be cautious about how business credit can influence their credit profiles.
Can I use a personal credit card for business expenses?
Can you get a credit card for a limited company?
The eligibility criteria may differ based on the card issuer, but you typically need to operate a valid business with a specific revenue or income.
Some issuers might also consider your personal credit history and financial status when assessing your application.
Can I get a business credit card with bad credit?
Businesses should make timely repayments on debts and utilise eligibility check tools available on providers’ websites to enhance their chances of approval, which perform only a soft inquiry that does not impact a credit score. A hard inquiry will take place when submitting the official application.
Individuals also have the option to provide personal guarantees for business credit cards, though this introduces personal risk. They are tailored for those with lower credit scores but usually have elevated interest rates, reduced credit limits, and more stringent terms. Approval will largely depend on the extent of the credit challenges and the lender’s guidelines, likely leading to increased annual percentage rates (APRs).
How do I open a business credit card?
When applying for a business credit card, you may need to provide some or all of the following information:
– details about your business, including the company name and registration number;
– your personal information;
– your requested credit limit;
– financial information such as company revenue, accounting records, and tax documents.
How do I build a business credit score?
When applying for a plastic credit card for business use, lenders will examine your business’s financial situation and credit history and may also assess your personal credit if necessary. Responsible credit card use can improve your credit profile, resulting in more favourable loans and credit conditions. Ensure the card issuer reports to commercial credit agencies to maximise the benefits.
Do business credit cards offer rewards?
Reach out for a free demo without registration for our tailored business card solution.