The Best Business Credit Cards During July 2021 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 20/07/2021

Although the economy is starting to see signs of recovery from the pandemic and consumer confidence is increasing, many business owners are still facing a financially challenging time.

Business owners looking for a short-term solution to cover overheads may want to consider borrowing via a business credit card. Business credit cards work in a similar way to consumer credit cards, but are specifically designed with features to meet the needs of business owners and users.

To give an idea of the types of business credit cards available, we’ve highlighted some of the best cards currently available in our business credit card chart.

Best business credit card with low APR

Business owners looking for a credit card with a low APR will find that Metro Bank has a highly competitive card offering 14.9% APR variable. The card does not charge any annual or monthly fees, but is only available to Metro Bank Business or Commercial Current Account customers.

Best business credit cards offering cashback

Those looking for a card offering cashback should consider Select Cashback Credit Card from Barclaycard Business. This card has 1% cashback on purchases and up to 66% off AA Business Breakdown Cover (terms and conditions apply). It charges 21.9% APR variable and borrowers should be aware that it has a £12 late payment fee.

Business that regularly use Amazon may be interested in American Express’ Amazon Business American Express Card which enables customers to earn 1.5% Amazon Reward Points or 60 days of extended interest free period on purchases at selected Amazon companies. It charges a £50 annual card fee. It has a representative 32.6% APR variable.

Best business credit cards for business travellers

For business owners who regularly have to travel abroad Business Visa from Capital on Tap could be a good option. This card offers UK ATM withdrawals and 0% commission on FX. Businesses must be operating for at least three months and have a minimum £24,000 turnover. It charges 39.9% APR variable.

Alternatively, business owners who regularly travel can consider American Express’ British Airways American Express Accelerating Business Card. This card enables customers to earn Avios and On Business Points on purchases. It charges a £210 fee per annum and charges 80.3% APR variable.

Compare all business credit cards

Visit our business credit card chart to find out more about these deals and compare all business credit cards.

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. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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