The 15 Best Business Credit Cards in the UK

The Funding Circle Cashback card has the most generous introductory reward of any no-annual-fee business credit card on the UK market. The 2% intro rate is capped at £2,000 total cashback across the first six months. To hit that cap, a business would need to spend £100,000 in the intro period (£2,000 cashback at 2%). For most SMEs spending £3,000 to £8,000 per month, the full six months of 2% will apply. Beyond that, the 1% uncapped rate kicks in.

The long-term 1% uncapped cashback is competitive but level with Capital on Tap Free. What differentiates Funding Circle here is the zero FX fee combined with zero annual fee, a combination that Capital on Tap Free also offers, making these two cards the primary rivals in the no-fee cashback space. The minimum turnover requirement of £40,000 is higher than Capital on Tap’s £24,000, which is the key eligibility differentiator.

The 42-day interest-free window is shorter than the 56 days offered by many high-street cards. It operates on a statement-cycle basis: statements are issued monthly, and you have 12 days after the statement date to pay in full. If you carry any balance, interest accrues from the start of that cycle. A purchase made on day one of the cycle gets 42 days of interest-free credit; a purchase made on day 30 gets only 12 days. Plan accordingly.

One practical note: Funding Circle currently requires you to choose between the Cashback card and FlexiPay. You cannot hold both simultaneously, though the company says it is working to enable this in future.

• UK-registered limited company
• Trading for at least 12 months
• Minimum annual turnover of £40,000
• No recent CCJs against the business or director
• New Funding Circle customers only (existing borrowers not eligible)

FlexiPay operates differently from every other card on this list. Rather than a revolving credit facility with an APR, it charges a flat transaction fee (from 1.99%) per payment, and you repay the total in fixed monthly instalments over a period you choose, up to 12 months. There is no annual fee and no interest rate in the traditional sense.

The fee structure is worth illustrating. On a £5,000 payment with a 1.99% fee and 3-month repayment, you would pay £99.50 in fees, or £33.17 per month on top of your principal repayments. For context, that is cheaper than most short-term business loans or invoice finance arrangements for the same £5,000 for 3 months. The fee increases with longer repayment terms, so always choose the shortest term your cash flow allows.

FlexiPay is most useful for businesses that face large, irregular outgoings (a supplier invoice, a VAT bill, a piece of equipment, etc.) where the cash is not available upfront but will be over the coming months. The predictable fixed repayments make budgeting straightforward, and the absence of a compounding interest rate removes the risk of costs escalating.

It is not the right choice for everyday cashback rewards or a straightforward revolving credit line. It is also not suited to transactions under £100. But for specific large-payment cash flow situations, it is genuinely competitive against the alternatives.

Capital on Tap Free is the benchmark free business card for most UK SMEs. The combination of 0% annual fee, 0% FX fee, 0% ATM fee, unlimited free employee cards, and 1% uncapped cashback is simply unmatched in the zero-fee category. No other free card offers all five of these simultaneously.

The 1% cashback can be redeemed as cash back to your statement or converted to Avios points. That flexibility is a genuine advantage over Funding Circle Cashback, which is cash-only. For businesses that do occasional travel, the option to pivot to Avios without switching cards adds quiet long-term value.

The representative APR of 34.65% is driven primarily by how the FCA calculates representative APR when annual fees are zero; the formula gives more weight to the interest rate component in the absence of fee income. The actual purchase rate from 13.86% is more relevant for businesses that clear their balance monthly, which you should, given any revolving credit facility at 34%+ is expensive if used that way.

The lower £24,000 minimum turnover (compared to Funding Circle’s £40,000) makes this accessible to smaller or newer SMEs. The main drawback relative to Funding Circle is the absence of an introductory bonus. If you are a new customer, Funding Circle’s 2% intro offer gives you a clear short-term advantage. If you are playing the long game at consistent monthly spending, both cards return identical ongoing cashback.

• UK-registered limited company or LLP
• Active director or majority shareholder with over 25% ownership
• Annual turnover of at least £24,000
• No CCJs in the past 12 months (company or director)
• UK-based director

The Capital on Tap Pro is a premium card whose value entirely depends on whether you travel. The £299 annual fee is the critical number. The cashback on standard credit spend (1%) will not cover the fee unless you are spending at least £29,900 per year. If you regularly preload the card with your own funds, the 1.25% rate on that spend reduces the break-even point to around £23,920 per year. So the fee is most easily justified if you both preload regularly and use the travel benefits.

The two headline travel perks are airport lounge access (1,600+ lounges via LoungeKey) and Radisson Rewards VIP status. The Radisson VIP benefit is more valuable than it first appears: earning that status independently requires either 20 stays or 30 nights in a Radisson property per calendar year. The cardmember benefit includes free room upgrades, free breakfast for two (worth around £40 per day), VIP lounge access within hotels, early check-in and late check-out where available, and a 15% discount on food and drink. For a director who stays in Radisson hotels even four or five times a year, this benefit alone likely exceeds the annual fee.

The airport lounge access has a 2-guest-pass-per-year cap for companions, so it is primarily a solo-travel benefit. The intro bonus of 10,000 points is modest compared to the BA Amex Accelerating Business (30,000 Avios), but the Pro card’s 0% FX fee is a significant advantage over the BA card’s 2.99%. A £5,000 monthly international spend would cost approximately £1,794 per year in FX fees on the BA card versus £0 on the Pro.

The 110.33% representative APR is not a typo, but it does not mean the card costs 110% per year in interest. The FCA’s methodology for calculating representative APR assumes a £1,200 test balance and factors in the full £299 annual fee. On a £1,200 balance, a £299 annual fee alone adds approximately 24.9 percentage points to the effective cost before you count any interest. This is why premium cards with annual fees show inflated representative APRs. The purchase rate of 34.65% is the more meaningful figure for businesses that pay their balance in full each month, which is strongly advisable given the fee structure.

• UK-registered limited company or LLP
• Active director or majority shareholder with over 25% ownership
• Annual turnover of at least £24,000
• No CCJs in the past 12 months

Moss is not a traditional cashback card. It is a spend management platform that happens to issue cards. If your primary need is maximising cashback per pound spent, look at Funding Circle or Capital on Tap. If your primary need is controlling, tracking, and automating how a finance team or multiple employees spend money across a growing business, Moss is in a different category entirely.

The platform allows finance managers to issue unlimited physical and virtual Mastercards instantly, setting custom spend limits by employee, department, project, time window, or merchant category. AI-powered pre-accounting auto-categorises transactions and integrates into approval workflows for invoices, reimbursements, and procurement. The two-way accounting sync with Xero, QuickBooks, and Sage is significantly deeper than most cards’ basic one-way transaction exports.

The charge card structure (balance paid in full) means there is no interest, which is the right product for growing companies that do not need revolving credit but do need sophisticated spending controls. The pricing is bespoke, which can feel opaque, but a free tier with up to three users and unlimited cards exists; a meaningful entry point for smaller teams evaluating the platform.

Moss is most valuable when you have five or more employees making purchases, when you need per-project or per-department spend visibility, or when your finance team is spending meaningful time on receipt reconciliation. For a sole trader or small two-person business, the overhead of the platform exceeds the benefit.

• UK or EEA-registered limited company, PLC, or LLP
• Contact Moss directly for specific eligibility and credit assessment

The American Express Business Gold card is a strong option if your business spends heavily and you want flexible rewards that aren’t tied to a single airline. Membership Rewards points can be transferred to British Airways (Avios), Virgin Atlantic (Flying Club), and other airline programmes, or redeemed for hotels, shopping, and experiences. That flexibility is a genuine advantage over the BA-only rewards of the BA Amex card.

The first-year fee waiver makes this effectively a risk-free trial: you pay £0 in year one, earn 20,000 points on £3,000 of spend (worth around £200-£400 depending on redemption), and can decide whether the £195 year-two fee is justified by your actual usage. The quarterly spend bonus (10,000 points per quarter at £20,000 spend) favours businesses with very high monthly volumes. You would need a consistent £6,667+ monthly spend to earn these bonuses, so they are not relevant to most SMEs.

As a charge card, this requires full monthly repayment. If your cash flow is uneven or you regularly need to carry a balance, this is not the right product for you. The charge card structure also means there is no APR to worry about, but also no revolving facility to fall back on.

• Existing UK business bank or building society account
• Permanent UK home address
• No existing Membership Rewards participation in the past 13 months (to qualify for the welcome bonus)

The American Express Business Basic Card is the stripped-back version of Amex’s business charge card range. It has no annual fee and no rewards programme; it is simply a charge card that provides Amex’s infrastructure (fraud protection, Global Assist, purchase protection, and up to £250,000 in spending power) without any of the premium features of the Gold Card.

The primary use case is a business that wants Amex acceptance and card controls but cannot justify the Gold Card’s £195 annual fee from year two. As a charge card, it requires full monthly repayment, there is no revolving credit facility. This makes it unsuitable for businesses that need to carry a balance to manage cash flow. The lack of a rewards programme also means there is no earning offset for spending, unlike Capital on Tap Free (1% cashback, no fee) or the Funding Circle Cashback card (up to 2%). For businesses whose primary need is spend control and Amex’s customer service, rather than rewards, this card does the job cleanly and at no cost.

One consideration: Amex acceptance in the UK remains lower than Visa or Mastercard. If your key suppliers or clients do not accept Amex, you may find usage is restricted. Check your spending patterns before committing.

• Existing UK business bank or building society account
• Permanent UK home address
• Open to sole traders, partnerships, and limited companies

The BA Amex Accelerating Business card has the strongest Avios rewards potential of any UK business credit card, but it comes with a pricing structure that makes the maths brutally clear: this card is excellent for high spenders who travel frequently and expensive for everyone else.

The 30,000 Avios intro bonus is the most generous of any card on this list. One Avios point is worth approximately 1p to 2p depending on redemption type, with business class redemptions typically delivering closer to 2p per point. At 1.5p per point, the 30,000 intro bonus is worth around £450, enough to cover the £250 annual fee with £200 to spare in the first year alone, assuming you spend £5,000 in the first three months.

The long-term value depends on your spending level. Spend £60,000 per year on the card and you earn 90,000 base Avios (at 1.5x) plus 30,000 Avios from the annual spend bonus (3 x 10,000 at £20,000 intervals) for a total of 120,000 Avios. At even 1p per Avios, that is £1,200 in value against a £250 fee. The card also gives access to BA’s On Business programme for small businesses, which earns additional On Business Points redeemable for reward flights.

The 2.99% FX fee is a significant structural weakness. A business spending £3,000 per month in non-sterling currencies would pay approximately £1,077 per year in FX charges. Capital on Tap Pro offers comparable travel benefits with 0% FX fees, making the BA card primarily suited to businesses whose spending is predominantly in sterling.

AMEX acceptance in the UK and internationally remains narrower than Visa or Mastercard, which is a practical constraint for day-to-day business spending. The card is notably one of the few on this list that accepts sole traders.

• Existing UK business bank or building society account
• Permanent UK home address
• Minimum personal income of £20,000 (not business turnover)
• Cannot have held any American Express Business card in the previous 12 months (to qualify for intro bonus)
• Available to sole traders (unlike most fintech business cards)
• American Express will check both personal and business credit profiles

The Amazon Business Prime Amex is a highly specialised card that makes compelling sense for businesses spending significant amounts on Amazon UK, and limited sense for everyone else. The headline benefit is the choice at each Amazon checkout: take 1% cashback immediately credited to your account, or defer payment up to 90 days at 0% interest. For businesses purchasing large amounts of stock or equipment through Amazon, the extended payment option can provide meaningful cash flow flexibility at no cost.

The 0.5% cashback on general (non-Amazon) spending is modest but real. This makes the card usable as a secondary card for day-to-day purchases, though the 0.5% return is below the 1% offered by Capital on Tap Free or Barclaycard. The card should be viewed as a complement to (not a replacement for) a general-purpose business credit card.

AMEX acceptance remains narrower than Visa or Mastercard, and the Amazon Business Prime membership fee (which varies by plan) is an ongoing cost to factor in. The specific reward rates and checkout options are subject to change by Amazon; always verify current terms directly.

• Must hold an active Amazon Business Prime membership
• Subject to American Express’s standard business credit assessment
• UK-registered business with a UK address

Metro Bank’s Business Credit Card occupies a unique position on this list: it offers the lowest APR (18.9% variable) of any card here, and uniquely, that rate is flat. Every qualifying customer pays 18.9%, not “from 18.9%.” For businesses that regularly carry a balance, the difference between 18.9% and 25% to 36% represents a meaningful real cost.

To illustrate: a business carrying a £10,000 balance for six months would pay approximately £945 in interest at Metro Bank’s 18.9% vs approximately £1,275 at Barclaycard’s 26.5%. That is a £330 difference over six months. Carrying any credit card balance is expensive, regardless of card choice, and the best strategy is always to pay in full. But for businesses that genuinely carry balances, Metro Bank is the cheapest option on this list.

The 0% FX fee within SEPA (which covers most of Europe) is a useful perk for businesses dealing with European suppliers or customers. Outside SEPA, standard FX fees apply, so check the tariff if you trade in non-European currencies.

The card has no rewards, no cashback, and limited software integrations. It is a pure credit facility. Metro Bank also has physical branches open, including on Saturdays and Sundays, which is a differentiating service feature for businesses that value in-person banking. However, the branch network is concentrated in England, and the application process is in-branch only.

• Must hold a Metro Bank Business Current Account or Commercial Current Account
• Business registered in the UK
• Apply in branch; online application not available

Barclaycard is the second-largest credit card issuer in the UK by outstanding value, and the Select Cashback card is one of the more accessible business cards available. A £10,000 minimum turnover threshold means businesses that have only recently started trading can qualify, and sole traders are eligible, which sets it apart from most fintech alternatives.

The headline 1% cashback rate is genuinely competitive in the free card space, but the £2,000 monthly spend threshold is a meaningful catch: if you spend £1,999 in a month, you earn nothing. This on/off structure means the effective cashback rate varies sharply month to month for lower-spending businesses. Model your actual spending pattern before choosing Barclaycard over Capital on Tap Free, which has no threshold at all.

The free FreshBooks integration (worth approximately £260/year) is a differentiator for startups that have not yet committed to accounting software. It is a practical sweetener, though FreshBooks has fewer integrations than Xero or QuickBooks for more complex businesses.

The 2.99% FX fee makes this card unsuitable for any business with regular international spend. Customer satisfaction ratings for Barclaycard’s business card service are mixed. Independent review platforms show predominantly negative scores, with most complaints centring on customer service responsiveness and online account management.

• Business turnover of £10,000 or more (lower threshold than most cards)
• Business finances well managed over the past 12 months
• Not rejected for a Barclays commercial card in the past 6 months
• Applicant must have authority to borrow on behalf of the business
• Sole traders are eligible to apply

Santander’s Business Cashback card occupies an interesting position: it charges a £30 annual fee where Capital on Tap Free charges nothing, but it brings a lower purchase rate (18.9% p.a. vs. Capital on Tap’s 34.65% representative APR) and 0% FX fees. The fee is effectively the cost of accessing a lower interest rate and the Santander banking relationship. If you carry a balance, the lower rate is meaningful; if you pay monthly in full, the £30 fee is a cost that Capital on Tap Free avoids entirely.

The main constraint is the eligibility requirement: you must already bank with Santander. This makes it primarily a consideration if you are an existing Santander business customer, rather than a standalone card to seek out. There is no first-year fee waiver, which contrasts with many high-street bank alternatives.

The card accepts sole traders, which is worth noting. For a sole trader who already banks with Santander, wants 0% FX, uncapped 1% cashback, and a lower purchase rate, this card is a reasonable choice. Customer satisfaction for Santander’s business banking services is consistently poor in independent review data, with Trustpilot ratings around 1.3 to 1.4 stars. This is a real-world consideration for a long-term banking relationship.

• Must hold an existing Santander business current account (123 Business or general Business)
• Sole trader, partnership, limited liability partnership, or private limited company
• No more than 2 partners, directors, or members who own the business entirely
• UK resident aged 18 or over
• Card must be used for business expenses only
• Limited companies and LLPs must provide a director’s personal guarantee

The Lloyds Business Credit Card sits in an interesting position; its 15.95% representative APR is one of the lowest on this list and is particularly well-suited to businesses that occasionally carry a balance. The £32 annual fee per cardholder is effectively waived for the first year and thereafter for businesses spending £6,000+ per year, meaning a modest level of activity covers the cost entirely.

The 1% cashback on fuel and EV charging is genuinely useful for businesses with company vehicles or frequent driving, and the 0.5% on all other spend means this card always pays something back, unlike Metro Bank. However, the 2.95% FX fee limits its usefulness for international activity, and the credit limit is capped at £25,000, well below the £250,000 available from fintech cards.

The card is accessible to new businesses that already bank with Lloyds, which is its main structural advantage over fintech alternatives with higher turnover requirements. Buyer protection (up to £2,500 per purchase) and travel insurance are also included, which adds genuine value. Customer service reviews for Lloyds business banking are mixed, with Trustpilot ratings around 1.6 stars for business banking generally.

• Must hold a Lloyds business current account
• Sole trader, partner, or director with authority to borrow
• Limited companies may be required to provide a personal guarantee
• Available to new businesses (lower trading history requirements than some cards)

The HSBC Commercial Card is a functional but unexciting product. It lacks cashback or rewards, has the highest FX fee on this list at 2.99%, and its primary differentiator is access to discounts from partner businesses through the HSBC Business Offers programme. The specific partner offers change over time; check the HSBC Business Offers page for current discounts relevant to your business before applying.

For HSBC business banking customers who want to keep everything under one roof with minimal friction, the card works well. The 56-day interest-free period, employee card controls (including merchant category blocking), and 15.9% purchase rate are solid standard features. The purchase rate of 15.9% is one of the better rates on this list, and the combination with no annual fee in year one makes the first year genuinely low-cost.

For any business with non-sterling spending, the 2.99% FX fee is a real drawback. Customer satisfaction data for HSBC business services is consistently poor, with Trustpilot ratings of around 1.3 stars, which is worth factoring into a long-term banking relationship decision.

• Must hold an existing HSBC Business Current Account
• Available to sole traders, partnerships, and limited companies
• Applicant must be 18 or over and a UK resident

The RBS Business Plus is the premium tier of RBS’s business card range and is the product reviewed here. Unlike the standard RBS Business Credit Card (£30/year, fuel cashback only), the Plus card offers tiered cashback across multiple spend categories and 0% FX fees, making it materially more useful for businesses with varied or international spending.

The tiered cashback structure rewards category concentration: 3% on fuel/EV, 2% on trade and business supplies, and 1% on travel and accommodation. For a business with a company fleet, regular supplier purchases, and business travel, it is possible to accumulate cashback meaningfully faster than on a flat-rate 1% card. The catch is the £600 annual cashback cap. Once you hit £600, the card earns nothing further — which means very high spenders may find the effective rate drops to near zero beyond a certain point. At a flat 0.5% on general spend, the cap is reached at £120,000 in qualifying purchases; at the higher category rates, it can be hit much sooner.

The £70-per-cardholder annual fee is charged per person, not per account. Businesses issuing multiple cards to employees will see fees compound quickly. The 0% FX fee is a genuine differentiator among bank-issued business credit cards at this price point; it sits alongside Santander and the fintech cards in offering no currency conversion surcharge.

• Must hold an RBS business current account
• Business turnover under £2 million