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How to find the best Business Credit Card

When comparing credit cards, you should look at the APR, which includes the annual fee you’ll have to pay, as these can vary considerably. Most business credit cards have a grace period – typically between 45 and 59 days – in which you can repay purchases made on the card without accruing interest. 

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Capital on Tap Logo
Capital on Tap Business Mastercard
Interest Free Days
56
APR
39.9%
Additional Information
Free UK ATM withdrawals and 0% commission on FX
No introductory 0% purchase or balance transfer terms
Upgrades avaliable to earn rewards
Go To Provider's Site
Representative Example:Based on a credit limit of £1200.00 charged at 39.941% variable per annum for purchases. Representative 39.9% APR variable.
Criteria
Extra Info.
Bill Payment
Standard Interest Rates
Benefits and Features
Charges

Application Criteria

Existing customers only
Account with card provider required
Additional criteria
Minimum turnover required: £24K Minimum trading term: 12 months.
Apply for this card
Internet
In branch
Post
Telephone

Additional Information

Introductory balance transfer rate & period
No introductory balance transfer terms available
Balance transfer fee
Balance transfer not available
Introductory purchase rate & period
No 0% introductory period

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 10.0% or £250.00 each month.

Standard Interest Rates

For purchase
Monthly 2.840%
APR 39.9%
For cash withdrawals
Monthly 3.430%
Annual 49.89%
For balance transfers
Monthly Balance transfer not available
Annual Balance transfer not available
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) Up to 56 days
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment Contactless payment not available
Maximum payment Contactless payment not available

Charges

Card fee N/A
Balance transfer fee Balance transfer not available
Cash withdrawal fee No charge
Money transfer fee Money transfer not available
Using a card abroad:
European Union 0.00%
Worldwide 0.00%
Metro Bank Logo
Metro Bank Business Credit Card Mastercard
Interest Free Days
56
APR
14.9%
Additional Information
No annual fee
No introductory 0% period for purchases or balance transfers
Have/open Metro Bank business current account to be eligible
Representative Example:Based on a credit limit of £1200.00 charged at 14.9% variable per annum for purchases. Representative 14.9% APR variable.
Criteria
Extra Info.
Bill Payment
Standard Interest Rates
Benefits and Features
Charges

Application Criteria

Existing customers only
Account with card provider required
Additional criteria
Available subject to status to Metro Bank Business Current Account customers
Apply for this card
Internet
In branch
Post
Telephone

Additional Information

Introductory balance transfer rate & period
No introductory balance transfer terms available
Balance transfer fee
No charge
Introductory purchase rate & period
No 0% introductory period

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 5.0% or £20.00 each month.

Standard Interest Rates

For purchase
Monthly 1.164%
APR 14.9%
For cash withdrawals
Monthly 1.164%
Annual 14.90%
For balance transfers
Monthly 1.164%
Annual 14.90%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) Up to 56 days
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee No charge
Cash withdrawal fee No charge
Money transfer fee Money transfer not available
Using a card abroad:
European Union 0.00%
Worldwide 2.99%
HSBC Logo
HSBC Commercial Credit Card Visa
Interest Free Days
56
APR
22.0%
Additional Information
No annual fee to pay for the first year
No introductory 0% period for purchases
Existing business current account customers only
Representative Example:Based on a credit limit of £1200.00 charged at 15.9% variable per annum for purchases. Representative 22.0% APR variable.
Criteria
Extra Info.
Bill Payment
Standard Interest Rates
Benefits and Features
Charges

Application Criteria

Existing customers only
Account with card provider required
Additional criteria
Customers must have HSBC business current account and set up direct debit from that account to apply for the card.
Apply for this card
Internet
In branch
Post
Telephone

Additional Information

Introductory balance transfer rate & period
No introductory balance transfer terms available
Balance transfer fee
Balance transfer not available
Introductory purchase rate & period
No 0% introductory period

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.5% or £5.00 each month.

Standard Interest Rates

For purchase
Monthly 1.238%
APR 22.0%
For cash withdrawals
Monthly 1.238%
Annual 15.90%
For balance transfers
Monthly Balance transfer not available
Annual Balance transfer not available
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) Up to 56 days
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee Year 1 - £0.00, Year 2 onwards - £32.00 per annum
Balance transfer fee Balance transfer not available
Cash withdrawal fee 2.99% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad:
European Union 2.99%
Worldwide 2.99%
Lloyds Bank Logo
Lloyds Bank Business Credit Card Mastercard
Interest Free Days
45
APR
22.4%
Additional Information
Access to Mastercard benefits
£32 annual fee
Open to existing business current account customers
Representative Example:Based on a credit limit of £1200.00 charged at 17.57% variable per annum for purchases. Fee of £32 per annum applies. Representative 22.4% APR variable.
Criteria
Extra Info.
Bill Payment
Standard Interest Rates
Benefits and Features
Charges

Application Criteria

Existing customers only
Account with card provider required
Additional criteria
Open to existing business current account customers.
Apply for this card
Internet
In branch
Post
Telephone

Additional Information

Introductory balance transfer rate & period
No introductory balance transfer terms available
Balance transfer fee
Balance transfer not available
Introductory purchase rate & period
No 0% introductory period

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £5.00 each month.

Standard Interest Rates

For purchase
Monthly 1.358%
APR 22.4%
For cash withdrawals
Monthly 1.358%
Annual 17.57%
For balance transfers
Monthly Balance transfer not available
Annual Balance transfer not available
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) Up to 45 days
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee £32.00 per annum
Balance transfer fee Balance transfer not available
Cash withdrawal fee 2.50% - Min £2.50
Money transfer fee Money transfer not available
Using a card abroad:
European Union 2.95%
Worldwide 2.95%
Clydesdale Bank Logo
Clydesdale Bank Business Mastercard
Interest Free Days
59
APR
22.4%
Additional Information
No fee to pay for the first year
No introductory 0% period for purchases or balance transfers
Manage your card online
Representative Example:Based on a credit limit of £1200.00 charged at 16.9% variable per annum for purchases. Representative 22.4% APR variable.
Criteria
Extra Info.
Bill Payment
Standard Interest Rates
Benefits and Features
Charges

Application Criteria

Existing customers only
Account with card provider required
Additional criteria
Company must have account with issuer to be eligible for this card
Apply for this card
Internet
In branch
Post
Telephone

Additional Information

Introductory balance transfer rate & period
No introductory balance transfer terms available
Balance transfer fee
Balance transfer not available
Introductory purchase rate & period
No 0% introductory period

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £5.00 each month.

Standard Interest Rates

For purchase
Monthly 1.313%
APR 22.4%
For cash withdrawals
Monthly 2.075%
Annual 27.90%
For balance transfers
Monthly Balance transfer not available
Annual Balance transfer not available
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) Up to 59 days
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment Contactless payment not available
Maximum payment Contactless payment not available

Charges

Card fee Year 1 - £0.00, Year 2 onwards - £28.00 per annum
Balance transfer fee Balance transfer not available
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad:
European Union 2.95%
Worldwide 2.95%
Yorkshire Bank Logo
Yorkshire Bank Business Mastercard
Interest Free Days
59
APR
22.4%
Additional Information
No annual fee to pay for the first year
No introductory 0% period for purchases or balance transfers
Manage your card online
Representative Example:Based on a credit limit of £1200.00 charged at 16.9% variable per annum for purchases. Representative 22.4% APR variable.
Criteria
Extra Info.
Bill Payment
Standard Interest Rates
Benefits and Features
Charges

Application Criteria

Existing customers only
Account with card provider required
Additional criteria
Company must have account with issuer to be eligible for this card
Apply for this card
Internet
In branch
Post
Telephone

Additional Information

Introductory balance transfer rate & period
No introductory balance transfer terms available
Balance transfer fee
Balance transfer not available
Introductory purchase rate & period
No 0% introductory period

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £5.00 each month.

Standard Interest Rates

For purchase
Monthly 1.313%
APR 22.4%
For cash withdrawals
Monthly 2.075%
Annual 27.90%
For balance transfers
Monthly Balance transfer not available
Annual Balance transfer not available
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) Up to 59 days
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment Contactless payment not available
Maximum payment Contactless payment not available

Charges

Card fee Year 1 - £0.00, Year 2 onwards - £28.00 per annum
Balance transfer fee Balance transfer not available
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad:
European Union 2.95%
Worldwide 2.95%
Bank of Scotland Logo
Bank of Scotland Business Credit Card Mastercard
Interest Free Days
45
APR
22.4%
Additional Information
Access to Mastercard benefits
£32 annual fee
Open to existing business current account customers
Representative Example:Based on a credit limit of £1200.00 charged at 17.57% variable per annum for purchases. Fee of £32 per annum applies. Representative 22.4% APR variable.
Criteria
Extra Info.
Bill Payment
Standard Interest Rates
Benefits and Features
Charges

Application Criteria

Existing customers only
Account with card provider required
Additional criteria
Open to existing business current account customers
Apply for this card
Internet
In branch
Post
Telephone

Additional Information

Introductory balance transfer rate & period
No introductory balance transfer terms available
Balance transfer fee
Balance transfer not available
Introductory purchase rate & period
No 0% introductory period

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £5.00 each month.

Standard Interest Rates

For purchase
Monthly 1.358%
APR 22.4%
For cash withdrawals
Monthly 1.358%
Annual 17.57%
For balance transfers
Monthly Balance transfer not available
Annual Balance transfer not available
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) Up to 45 days
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee £32.00 per annum
Balance transfer fee Balance transfer not available
Cash withdrawal fee 2.50% - Min £2.50
Money transfer fee Money transfer not available
Using a card abroad:
European Union 2.95%
Worldwide 2.95%
Santander Logo
Santander Business Cashback Credit Card Mastercard
Interest Free Days
56
APR
23.7%
Additional Information
1% cashback on purchases
No introductory 0% period for purchases or balance transfers
Annual fee £30 per account not card
Representative Example:Based on a credit limit of £1200.00 charged at 18.9% variable per annum for purchases. Fee of £30 per annum applies. Representative 23.7% APR variable.
Criteria
Extra Info.
Bill Payment
Standard Interest Rates
Benefits and Features
Charges

Application Criteria

Existing customers only
Account with card provider required
Additional criteria
UK based - Sole-traders, Partnerships, Limited Liability Partnership, or Private Limited Companies
Apply for this card
Internet
In branch
Post
Telephone

Additional Information

Introductory balance transfer rate & period
No introductory balance transfer terms available
Balance transfer fee
3.00% - Min £5.00
Introductory purchase rate & period
No 0% introductory period

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £5.00 each month.

Standard Interest Rates

For purchase
Monthly 1.457%
APR 23.7%
For cash withdrawals
Monthly 2.075%
Annual 27.90%
For balance transfers
Monthly 1.457%
Annual 18.90%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) Up to 56 days
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee . All - Fee paid is per business, not per card: £30.00 per annum
Balance transfer fee 3.00% - Min £5.00
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad:
European Union 0.00%
Worldwide 0.00%
NatWest Logo
NatWest Business Credit Card Mastercard
Interest Free Days
56
APR
24.3%
Additional Information
No annual fee in year 1
No introductory 0% period for purchases or balance transfers
Free online account servicing
Representative Example:Based on a credit limit of £1200.00 charged at 18.268% variable per annum for purchases. Representative 24.3% APR variable.
Criteria
Extra Info.
Bill Payment
Standard Interest Rates
Benefits and Features
Charges

Application Criteria

Existing customers only
Account with card provider required
Additional criteria
Sole traders, Ltd Co, LLP, Partnerships, Charities, Clubs and Societies - UK based with turnover < £2m per annum.
Apply for this card
Internet
In branch
Post
Telephone

Additional Information

Introductory balance transfer rate & period
No introductory balance transfer terms available
Balance transfer fee
No charge
Introductory purchase rate & period
No 0% introductory period

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 5.0% or £5.00 each month.

Standard Interest Rates

For purchase
Monthly 1.408%
APR 24.3%
For cash withdrawals
Monthly 1.408%
Annual 18.27%
For balance transfers
Monthly 1.408%
Annual 18.27%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) Up to 56 days
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee Year 1 - £0.00, Year 2 onwards - £30.00 per annum
Balance transfer fee No charge
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad:
European Union 2.95%
Worldwide 2.95%
Royal Bank of Scotland Logo
Royal Bank of Scotland Business Credit Card Mastercard
Interest Free Days
56
APR
24.3%
Additional Information
No annual fee in year 1
No introductory 0% period for purchases or balance transfers
Free online account servicing
Representative Example:Based on a credit limit of £1200.00 charged at 18.268% variable per annum for purchases. Representative 24.3% APR variable.
Criteria
Extra Info.
Bill Payment
Standard Interest Rates
Benefits and Features
Charges

Application Criteria

Existing customers only
Account with card provider required
Additional criteria
Sole traders, Ltd Co, LLP, Partnerships, Charities, Clubs and Societies - UK based with turnover < £2m per annum.
Apply for this card
Internet
In branch
Post
Telephone

Additional Information

Introductory balance transfer rate & period
No introductory balance transfer terms available
Balance transfer fee
No charge
Introductory purchase rate & period
No 0% introductory period

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 5.0% or £5.00 each month.

Standard Interest Rates

For purchase
Monthly 1.408%
APR 24.3%
For cash withdrawals
Monthly 1.408%
Annual 18.27%
For balance transfers
Monthly 1.408%
Annual 18.27%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) Up to 56 days
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee Year 1 - £0.00, Year 2 onwards - £30.00 per annum
Balance transfer fee No charge
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad:
European Union 2.95%
Worldwide 2.95%
Note

Moneyfacts.co.uk Limited is an independent credit broker. We will receive a payment from credit providers where customers link to them from Moneyfacts.co.uk. None of these arrangements affects our independence.

Disclaimer

All credit cards are subject to the applicant’s status. The APR quoted is representative of the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you are offered may be higher, or you may not be offered credit. Fees and rates subject to change without notice. Please check all rates and terms before borrowing.

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Ask us anything?

Ask us anything?

Business credit cards explained

nigel woollsey

Nigel Woollsey

Online Writer

At a glance

  • Lets staff make purchases or helps self-employed/small business owners manage cash flow.
  • Most cards charge an annual fee, with an extra charge per additional cardholder.
  • Make sure you repay the balance in full, or a business credit card can end up being expensive.
  • Read the small print for any eligibility restrictions before making an application.

How long before purchases made on my business credit card accrue interest?

Most business credit cards have a grace period – typically between 45 and 59 days – in which you can repay purchases made on the card without accruing interest. This grace period can also give you some payment flexibility if you have a particularly expensive month.

How do I find the right business credit card for me?

When comparing credit cards, you should look at the APR, which includes the annual fee you’ll have to pay, as these can vary considerably. Providers can also charge for each additional card you need on the account. Some business credit card providers will require you to be banking with them already in order to be eligible for a card. Others will only offer a card where your turnover is above, or below a certain level.

Moneyfacts tip

Moneyfacts tip nigel woollsey

Credit can be a useful way to manage short term blips in cashflow. However pay close attention to the when interest will start to be charged as interest costs could soon mount up. If you need more longer term lending then consider a business loan.

At a glance

  • Lets staff make purchases or helps self-employed/small business owners manage cash flow.
  • Most cards charge an annual fee, with an extra charge per additional cardholder.
  • Make sure you repay the balance in full, or a business credit card can end up being expensive.
  • Read the small print for any eligibility restrictions before making an application.

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