The Funding Circle Cashback Business Credit Card is designed for UK limited company directors and SME finance managers seeking a cost-effective way to manage expenses.
With no annual fee, it combines competitive APR options with cashback rewards. The card offers up to 2% cashback on purchases for the first six months, capped at £2,000, followed by 1% thereafter, particularly valuable for businesses with significant day-to-day spending.
Funding Circle may increase a customer’s credit limit in the future, but increases cannot currently be requested directly. Even so, the card remains a strong option for businesses looking to earn rewards while keeping costs predictable.
- My Verdict
- FundingCircle’s Business Credit Card At a Glance
- Pros and Cons
- Who It’s Best For (and Not For)
- FundingCircle’s Key Features
- What Are FundingCircle’s Pricing and Fees?
- How Easy is FundingCircle’s Business Credit Card to Use?
- Are FundingCircle’s Business Credit Cards Safe?
- FundingCircle’s Customer Service and Support
- What Do Customers Think of FundingCircle?
- Who’s Eligible for FundingCircle’s Business Credit Card?
- How to Apply for a FundingCircle Business Credit Card
- How Does FundingCircle Compare to Competitors?
- Final Thoughts on the FundingCircle Business Credit Card
My Verdict
The Funding Circle Cashback Business Credit Card is a strong option for UK limited company directors and SME finance managers. Key benefits include a generous cashback scheme, no annual fee, and straightforward account integration with tools like Xero, Sage, and FreeAgent.
The card offers up to 2% cashback on all spending for the first six months, capped at £2,000, and 1% thereafter, an attractive perk for businesses with high operational costs. While Funding Circle may adjust credit limits in the future, customers cannot currently request an increase themselves.
Applicants should note the eligibility criteria: the card is available only to UK-based limited companies with at least one year of trading history and a minimum turnover of £40,000. The representative APR of 34.9% (variable) may also be a drawback for businesses that expect to carry a balance.
In a competitive market, the Funding Circle Cashback Card stands out for its combination of high cashback rates, no annual fee, and accounting integrations. That said, companies with lower turnover or those outside the eligibility scope will need to consider alternative solutions.
FundingCircle’s Business Credit Card At a Glance
| Feature | Details |
|---|---|
| APR Range | Starts at 14.9% per annum, with a Representative APR of 34.9% (variable) |
| Credit Limits | Up to £250,000 (increases cannot currently be requested by customers) |
| Cashback Rate | 2% on all spending for the first 6 months (capped at £2,000), then 1% thereafter |
| Annual Fees | None |
| Notable Perks | Up to 42 days interest-free on purchases; no cash withdrawals; accounting integrations with Xero, Sage, and FreeAgent |
The Funding Circle Cashback Business Credit Card is a strong option for UK limited company directors and SME finance managers. With no annual fee and a potential credit limit of up to £250,000, it supports businesses with significant expenses while keeping costs predictable.
The cashback scheme is a standout feature, offering 2% on purchases for the first six months (capped at £2,000), followed by 1% thereafter. It also provides up to 42 days interest-free on purchases when balances are cleared on time. However, customers should be aware that cash withdrawals are not permitted.
Pros and Cons
When considering the Funding Circle Cashback Business Credit Card, it is essential to weigh its advantages and disadvantages to determine its suitability for your business needs.
- Strong Cashback Scheme: Earn 2% cashback on purchases for the first six months, capped at £2,000, followed by 1% thereafter. This can deliver meaningful returns for businesses with high spending.
- No Annual Fee: With no annual fee, the card is cost-effective for companies seeking rewards without added charges.
- Competitive Rates: Interest starts at 14.9% per annum, with a representative APR of 34.9% (variable), broadly in line with the business card market.
- Accounting Integrations: Direct links with Xero, Sage, and FreeAgent help streamline bookkeeping.
- Eligibility Requirements: Only UK-based limited companies with at least one year of trading history and a minimum turnover of £40,000 can apply. Startups and sole traders are not eligible.
- Cash Restrictions: Cash withdrawals are not permitted, and while granular spending controls are now available, multi-card access remains limited to a small subset of customers.
Who It’s Best For (and Not For)
The Funding Circle Cashback Business Credit Card is well-suited to established UK limited companies and SME directors who want simple, high-value rewards without annual fees.
With a credit limit of up to £250,000 and no annual fee, it appeals to businesses with substantial monthly outgoings. The card pays 2% cashback on purchases for the first six months (capped at £2,000), then 1% thereafter, an attractive return on routine business spending.
Eligibility is restricted to UK-based limited companies with at least one year of trading history and a minimum turnover of £40,000, so startups and sole traders are excluded. While granular spending controls are now available, multi-card access remains limited, meaning this feature is not yet open to all.
On the plus side, the card integrates directly with Xero, Sage, and FreeAgent, helping companies streamline expense management. This makes it a practical option for businesses seeking predictable costs and reliable cashback rewards.
FundingCircle’s Key Features
The Funding Circle Cashback Business Credit Card is designed for UK limited company directors and SME finance managers seeking a high-limit, no-fee credit card with straightforward rewards.
Cashback Incentives
The standout benefit is its cashback scheme: 2% on all purchases for the first six months, capped at £2,000, and 1% thereafter with no cap. This makes it particularly valuable for businesses with substantial operating expenses, turning everyday spending into tangible returns.
Credit Limit
The card offers credit limits of up to £250,000, supporting businesses with significant expenditure or large investment plans. While Funding Circle may increase a customer’s limit in the future, businesses cannot currently request limit changes themselves.
Spending Controls
Granular spending controls are now available, enabling directors to set limits and track transactions in real time. However, multi-card access remains limited to a small subset of customers and is not yet available to all.
Accounting Integration
The card integrates directly with Xero, Sage, and FreeAgent, helping streamline reconciliation and expense management.
Together, these features provide a strong mix of rewards, oversight, and compatibility with everyday finance tools, making the Funding Circle Cashback Card a competitive option for established SMEs.
What Are FundingCircle’s Pricing and Fees?
The Funding Circle Cashback Business Credit Card offers a simple and transparent pricing structure, making it attractive to UK limited company directors and SME finance managers. With no annual fee, it stands out against many competitors and helps businesses keep costs predictable.
The card provides up to 42 days of interest-free spending on purchases when balances are cleared in full. If not, interest starts from 14.9% per annum, with a representative APR of 34.9% (variable). This is broadly in line with the wider UK business credit card market.
Foreign transactions are processed at the Visa exchange rate. A foreign exchange fee applies until 1 October 2025, when it is due to be removed, further improving value for businesses with international expenses.
While penalty rates are not listed, interest will accrue on unpaid balances. The cashback scheme, which offers 2% on purchases for the first six months (capped at £2,000) and 1% thereafter, can help offset borrowing costs, especially for businesses with high day-to-day expenditures.
How Easy is FundingCircle’s Business Credit Card to Use?
The Funding Circle Cashback Business Credit Card is built for convenience, offering a smooth experience for UK limited company directors and SME finance managers.
Its online account management system makes tracking spending, managing payments, and downloading statements easy. The mobile app adds further control, with real-time transaction alerts and the ability to freeze or unfreeze the card instantly if required.
Key features include:
- Transaction Alerts: Notifications on each purchase support expense tracking and help spot unauthorised activity quickly.
- Billing Clarity: Monthly statements are clear and detailed, simplifying reconciliation and cash flow management.
- Mobile App Access: Quick, secure access to account information, including card PIN visibility.
Granular spending controls are now available, giving directors added oversight of business expenses. However, multi-card access remains limited to a small subset of customers, so this feature is not yet widely available.
Are FundingCircle’s Business Credit Cards Safe?
The Funding Circle Cashback Business Credit Card employs robust security measures to safeguard business transactions. All data is encrypted to ensure sensitive information is transmitted and stored securely.
Two-factor authentication is required for account access and payments, forming part of Strong Customer Authentication (SCA) in line with UK and EU regulations. Users verify their identity through the Funding Circle app or online portal, adding an extra layer of protection.
Fraud prevention tools include the ability to instantly freeze or unfreeze the card if suspicious activity is detected. As an FCA-regulated provider, Funding Circle also operates under strict financial standards, giving businesses confidence in the card’s compliance and reliability.
Together, these protections make the card a secure option for directors and finance managers who prioritise safety in their business spending.
FundingCircle’s Customer Service and Support
| Aspect | Details |
|---|---|
| Phone support | 0800 048 2467 – Mon-Thu: 9am-6pm; Fri: until 4:30pm |
| Email support | cashback@fundingcircle.com — for Cashback Business Credit Card queries |
| Online help centre | 24/7 access with a comprehensive FAQ for common concerns |
For urgent matters such as suspected fraud or non-receipt of a card, phone support is the quickest route to resolution. While the lack of live chat may feel limiting compared with some competitors, the dedicated phone line, email support, and online help centre provide reliable coverage.
Funding Circle does not currently offer dedicated account managers or extended support hours outside standard business times.
What Do Customers Think of FundingCircle?
On Trustpilot, Funding Circle holds an Excellent rating of 4.6/5 from over 16,000 reviews.
For the Cashback Business Credit Card, users often highlight a quick, straightforward application process, clear communication from support teams, and smooth onboarding. Many find the card and app helpful for managing day-to-day spending and monitoring cash flow.
Frustrations mainly centre on eligibility and pricing. Some reviewers feel approvals favour applicants with stronger assets, while others note the representative APR can be higher than high-street banks. App reliability is another recurring theme, with reports of login loops, biometric or SMS verification issues, and occasional downtime. A small number also mention limited functionality, such as being unable to change the card PIN, alongside complaints about persistent follow-ups.
Overall, customers value the speed and ease of service. Still, it’s worth checking the quoted APR, ensuring you meet eligibility criteria, and testing the app on your devices before relying on it. As with any reviews, these reflect personal experiences and should not replace independent financial advice.
Who’s Eligible for FundingCircle’s Business Credit Card?
Your business must meet certain requirements to qualify for the Funding Circle Cashback Business Credit Card. The card is intended for established UK-registered limited companies and Limited Liability Partnerships (LLPs).
Eligibility criteria include:
- Business Structure: Must be a UK-based limited company or LLP. Sole traders and general partnerships are not eligible.
- Trading History: At least one year is required to demonstrate business stability.
- Turnover: A minimum annual turnover of £40,000 is necessary.
- Identity Verification: To meet regulatory standards, all applicants must complete identity verification checks by providing documents or completing an online process.
These conditions mean the card is best suited to established businesses with consistent income, rather than startups or sole proprietors.
How to Apply for a FundingCircle Business Credit Card
Applying for the Funding Circle Cashback Business Credit Card is designed to be quick and straightforward for UK limited company directors and SME finance managers.
Step-by-step process:
- Check Eligibility: Ensure your business meets the minimum requirements: a UK limited company or LLP, at least one year of trading history, and a turnover of £40,000 or more.
- Prepare Documentation: Have your company registration details, director information, and recent trading records ready.
- Online Application: Complete the short application form on the Funding Circle website with your business and personal details.
- Credit Check: To assess eligibility and potential limits, a soft credit check is carried out, which does not affect your personal credit score.
- Instant Decision: You’ll usually receive an immediate response on your approval and the proposed credit limit.
- Identity Verification: All customers must pass identity verification. This involves submitting supporting documents or completing an online check to comply with regulatory requirements.
- Card Issuance: Once approved and verified, your card will be sent out and should arrive within 10 working days.
- Activation: Activate the card through the Funding Circle app or website following the provided instructions.
How Does FundingCircle Compare to Competitors?
When weighing up the Funding Circle Cashback Business Credit Card, it helps to compare it with other leading UK business credit cards. The table below highlights the key features side by side:
| Feature | Funding Circle Cashback Business Credit Card | Barclaycard Select Cashback Business Credit Card | Santander Business Cashback Credit Card | Lloyds Bank Business Credit Card |
|---|---|---|---|---|
| Representative APR | 34.9% (variable) | 26.1% (variable) | 23.7% (variable) | 22.4% (variable) (rep. example) |
| Cashback rate | 2% for 6 months (up to £2,000), then 1% | 1% (requires £2,000+ spend per statement month) | 1% on all business spend (no cap) | 1% fuel/EV, 0.5% elsewhere |
| Annual fee | £0 | £0 | £30 | £0 in year 1; then £32 per card (waived if spend threshold met) |
| Interest-free period | Up to 42 days | Up to 56 days | Up to 56 days | Up to 56 days |
| Site Link | Visit Site | Visit Site | Visit Site | Visit Site |
The Funding Circle card distinguishes itself with 2% cashback in the first six months (capped at £2,000) and 1% thereafter, more generous than Barclaycard, which only offers 1% if you spend over £2,000 per month, and Lloyds, which pays just 0.5% on most spend. The lack of an annual fee also compares favourably with Santander (£30) and Lloyds (up to £32 per card after year one).
The trade-offs are a shorter interest-free period of 42 days versus 56 days with its competitors, and a higher representative APR at 34.9%. This makes Funding Circle less appealing if you expect to carry a balance, but attractive if you clear statements in full and want to maximise cashback rewards without extra costs.
Final Thoughts on the FundingCircle Business Credit Card
The Funding Circle Cashback Business Credit Card is a compelling option for UK limited company directors and SME finance managers. With no annual fee and cashback of 2% for the first six months (capped at £2,000) before moving to 1%, it offers strong everyday rewards. Credit limits can reach up to £250,000, giving established businesses room to manage larger expenses.
However, there are some caveats. The representative APR of 34.9% (variable) makes carrying a balance costly, so the card best suits those who can repay in full. Eligibility rules also restrict access to UK-registered limited companies or LLPs with at least one year of trading and £40,000 annual turnover, excluding startups and sole traders.
Overall, this card is a good fit for established businesses looking for predictable costs, straightforward cashback, and accounting integrations with tools like Xero, Sage, and FreeAgent. If your company meets the criteria and typically clears its monthly balance, it can deliver strong value as part of your financial toolkit.
FAQs
Funding Circle does not publish a minimum credit score requirement. However, applicants must be UK-registered limited companies or LLPs with at least one year of trading history and an annual turnover of £40,000 or more.
Funding Circle carries out a soft credit check for limited companies and LLPs, which does not impact your personal credit score. This means you can check eligibility without affecting your personal credit record.
Cashback is earned on eligible purchases and credited to your account after each billing cycle, provided you make at least the minimum payment due. If you miss this payment, cashback for that period is forfeited.
The card does not include travel insurance or Section 75 protection, as it is strictly for business use. However, standard Visa chargeback rights apply for disputed transactions.
Foreign transactions are processed at the Visa exchange rate. A foreign exchange fee applies until 1 October 2025, after which it is scheduled to be removed. Cash withdrawals are not permitted.
