Derin Clark

Derin Clark

Online Reporter
Published: 24/09/2019

American Express has teamed up with British Airways to launch a new business credit card that is available from today.

The British Airways American Express® Accelerating Business Card offers SME owners a number of reward incentives, including the opportunity to earn accelerated On Business Points and Avios from British Airways. Business owners should be aware that the card has a high 81.6% APR variable rate on an assumed credit limit of £1,200, as well as charging an annual fee of £210.

Commenting on the launch of the card, Colin O'Flaherty, general manager at Global Commercial Services, UK at American Express, said: “We work with thousands of business owners across the UK and we know that their world never stands still, and that they are always looking for the next opportunity to take their business further. We are therefore delighted to launch the British Airways American Express Accelerating Business Card, which will help company owners leverage their spending and earn rewards that can help progress and strengthen their businesses.”

Ailis Gavan, On Business manager at British Airways, added: “This new card offers business owners across the UK the opportunity to collect On Business Points, as well as Avios. Businesses can spend these On Business points on seats and upgrades through our On Business programme, which is free to join and can make business travel simpler with an online travel management tool.”

Business credit cards

Business credit cards can be a vital form of credit for small business owners and there are a number currently available in the charts that offer borrowers highly competitive rates. Metro Bank, for example, currently tops the chart offering the lowest rate of 14.9% APR on its Business Credit Card Mastercard. This card does not charge an annual fee and offers 56 interest-free days, although to apply for this card a Metro Bank business current account is required.

Clydesdale Bank offers the lowest rate on a business credit card that does not require a linked product to open. Its Business Mastercard has a 22.4% APR and offers 59 interest-free days. There is no fee to pay for the first year, after which it charges £28 per annum.

For business owners wanting a credit card with rewards, Santander’s Business Cashback Credit Card Mastercard offers 1% cashback on purchases. This card has a 23.7% APR and 56 interest-free days. It charges a £30 annual fee.

Disclaimer

Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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