🏠 Credit Cards» Best Travel Business Credit Cards UK
23 MIN READ
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Best Travel Business Credit Cards UK: No FX Fees
A travel business credit card needs low FX fees, usable travel insurance, and rewards that convert to flights. Every UK business card was checked — most fail on at least one.
You need to start with FX fees, not rewards. At £10,000 of overseas spend, a standard 2.99% bank card costs you £299 a year. Every card on this page either waives that fee or earns rewards that offset it.
Your best fit depends on which of three travel benefits matters most: FX fee waivers (NatWest, Capital on Tap), travel insurance and lounge access (Amex Platinum), or rewards that convert to flights (BA Amex, Amex Gold).
What Does Your Business Need From a Travel Credit Card?
Your travel pattern
Priority
Card to look at
Frequent overseas card spend, no rewards needed
No FX fee
NatWest or Capital on Tap
Want to earn flights on business spend
Avios earn rate
BA Amex Accelerating or Amex Gold
International travel with lounge access
Travel perks
Amex Business Platinum
Mix of all three
Flexible rewards + no FX
Amex Gold (MR points transfer to Avios)
Company card without existing bank account
Open access + no FX
Capital on Tap (limited companies only)
Choose your best fit from six cards ranked on the three decisions that matter: FX fees, travel insurance, and rewards that convert to flights or hotels. Verified March 2026.
Quick Compare
Compare Travel Cards at a Glance
Compare key features side by side.
Provider
Best For
Key Feature
Annual Fee
Action
Capital on Tap
Limited companies with overseas travel who want no FX or ATM fees and no bank account requirement
Fees and rates verified 20 March 2026 from public sources. Confirm current terms with the provider before applying.
The Three Things a Travel Card Needs
You need to prioritise no FX fee above everything else. A 2.99% charge on every overseas transaction erodes any reward earn before you’ve started. We checked all bank card FX policies: NatWest is the only high-street bank card that waives it.
Capital on Tap charges no FX fee and no ATM fees, useful if your overseas trips include cash-heavy markets or suppliers.
Travel insurance is worth having on the card rather than buying separately, but only if the policy covers your trip type and employee count. The Amex Platinum policy is the most comprehensive available on a UK business card. Check the exact terms before relying on it.
A standalone business travel policy for a sole trader travelling to Europe and the US typically costs £150–£300 per year. If your card includes equivalent cover, that cost disappears against the annual fee.
Rewards that convert to flights only work if you clear your balance monthly. Interest wipes out any Avios earned. BA Amex and Amex Gold offer the highest earn rates on any UK business card for air travel, but only where Amex is accepted.
If you’re choosing a single travel card, prioritise: no FX fee first (saves on every transaction), then travel insurance (replaces a separate cost), then rewards (value only when the first two are covered).
A card with no FX fee and no travel insurance saves more than a card with great rewards and a 2.99% FX charge.
Travel Card FX Fee Calculator: What You Actually Save
You can save hundreds of pounds per year by choosing a no-FX card. We ran the numbers at four spend levels and compared them against the zero-fee cards on this page.
Annual overseas spend
FX cost at 2.99% (Barclaycard, most banks)
FX cost at 2.95% (Lloyds)
FX cost at 2% (Moss)
FX cost at 0% (NatWest, Capital on Tap)
£5,000
£150
£148
£100
£0
£10,000
£299
£295
£200
£0
£20,000
£598
£590
£400
£0
£50,000
£1,495
£1,475
£1,000
£0
At £10,000 of overseas spend, the gap between a 2.99% card and a 0% card is £299 — more than the Amex Gold annual fee (£195) or the NatWest cardholder fee (£30, waivable).
An e-commerce business importing from European suppliers at £3,000/month pays £90/month in FX charges on a 2.99% card: £1,076 per year. Switching to NatWest saves the full amount after the £30 card fee.
We verified this against NatWest terms, March 2026. If your overseas spend exceeds £5,000 a year, a no-FX card pays for itself.
The 0% FX fee means no markup above the card network exchange rate: Visa for NatWest and Capital on Tap, Mastercard for Funding Circle. The card network rate itself includes a small margin above the interbank rate; you aren’t getting the raw interbank rate.
Industry analysis puts wholesale card network margins at 0.3%–0.5% above the interbank mid-market rate. On £10,000 of overseas spend, that costs £30–£50, much smaller than the £299 you’d pay on a standard 2.99% bank card.
What About ATM Withdrawals Overseas?
Most business credit cards charge a cash advance fee on ATM withdrawals: typically 2.5–3% of the amount, plus interest from the date of withdrawal with no grace period.
If you need cash abroad, Capital on Tap is your only option on this list: no ATM fee and no FX fee on overseas withdrawals. This matters in countries where cash is the primary payment method for taxis, small suppliers, or market purchases.
Avoid using credit cards at ATMs unless you have a card with no ATM fees. The cash advance fee plus immediate interest makes it one of the most expensive ways to access cash. For cash-heavy destinations, Capital on Tap’s no-ATM-fee policy is the only option on this list.
Card-by-card reviews
Travel Business Credit Cards, Ranked
Ordered by travel utility: best all-round travel card first, then by specific use case. We applied three filters to each: FX fee, insurance, and rewards.
Best fintech option for overseas spend
Capital on Tap Business Credit Card
No FX fee and no ATM fees make Capital on Tap genuinely useful for international travel.
Best for: Limited companies with overseas travel who want no FX or ATM fees and no bank account requirement
Watch out: Average rate offered Oct–Dec 2025 was 46.05% per Capital on Tap’s own data. Sole traders excluded. The floor rate isn’t a representative APR.
Not ideal if: You’re a sole trader, or you want travel insurance and rewards on top of the FX saving
Floor APRFrom 13.86% variable
Representative APR34.9% variable
Annual Fee£0 (free card) / £299 (Pro card)
Existing AccountNo existing account required
Eligibility: UK limited companies and LLPs only. Min turnover £24,000/year. Companies House registration required.
Not ideal if: You’re a sole trader, or you want travel insurance and rewards on top of the FX saving
Watch out: Average rate offered Oct–Dec 2025 was 46.05% per Capital on Tap’s own data. Sole traders excluded. The floor rate isn’t a representative APR.
Credit limits up to £250,000
No existing bank account required
1% cashback on all spend
No FX fees on overseas purchases
Instant virtual card on approval
No annual fee (free tier)
Average offered rate is 46.05% (source: CoT credit agreement data Q4 2025) — far above the 13.86% floor
Sole traders excluded — limited companies and LLPs only
Pro card carries £299/year annual fee
Minimum £24,000 annual turnover required
1% cashback on all spend (uncapped)
Credit limits £1,000 to £250,000
Instant virtual card issued on approval
No FX fees on overseas spend
Best overall for business travel
British Airways Accelerating Business Card
The only UK business card that earns Avios directly on every pound of spend, with travel benefits built in.
Best for: High-spend businesses (£10k+/month) with frequent international travel who value airport lounge access
Watch out: Highest annual fee on this list. Charge card: full balance due monthly. Amex acceptance gaps overseas.
Not ideal if: Monthly spend under £5k, or you rarely travel internationally
Annual Fee£650/yr (+£295 supplementary)
RewardsMR points + 10k bonus per £10k/month
Card TypeCharge card with Flexible Payment Option
Existing AccountNo existing account required
Eligibility: Sole traders, partnerships, limited companies, LLPs. Check americanexpress.com/uk.
Not ideal if: Monthly spend under £5k, or you rarely travel internationally
Watch out: Highest annual fee on this list. Charge card: full balance due monthly. Amex acceptance gaps overseas.
Centurion lounge access worldwide
Highest reward earn rate among UK business cards
Comprehensive travel insurance
MR points transferable to Avios, hotel, and airline partners
£650/year annual fee (£295 for supplementary cards)
~40% of UK merchants do not accept American Express
Charge card — balance must be paid monthly
Only viable at high monthly spend volumes (£10,000+/month)
£650/year (£295 supplementary card)
MR points + 10,000 bonus per £10,000/month
Centurion lounge access
Transfer to 18+ airline and hotel partners
Best flexible rewards for travellers
American Express Business Gold Card
Membership Rewards points transfer to BA Avios at 1:1, making this effectively an Avios-earning card with the flexibility to switch to hotels or statement credit if your travel plans change.
Best for: Existing NatWest customers who want to earn rewards on overseas and domestic spend
Watch out: Confirmed: NatWest Business Plus also carries 0% FX fee (no non-sterling transaction charge), matching the standard NatWest card.
Not ideal if: You don’t bank with NatWest
Representative APR29% variable
Annual Fee£70 per cardholder
Cashback0.5%–3% tiered (capped £600/year) 0.5% all spend; 1% travel; 2% trade supplies; 3% fuel & EV charging
FX FeesNo foreign transaction charges
Existing AccountNatWest business account required
Eligibility: NatWest business current account required.
Not ideal if: You don’t bank with NatWest
Watch out: Confirmed: NatWest Business Plus also carries 0% FX fee (no non-sterling transaction charge), matching the standard NatWest card.
No foreign transaction charges — verified against natwest.com
Tiered cashback: 3% on fuel and EV charging, 2% on trade supplies, 1% on travel, 0.5% everywhere else
Accepts sole traders, partnerships, LTDs, and LLPs
£70 per cardholder annual fee — costs stack if multiple cards are issued
29% representative APR — carrying a balance will be expensive
NatWest business current account required
Cashback capped at £600/year across all spend categories
0.5%–3% tiered cashback (capped £600/year)
No foreign transaction charges
£70/year per cardholder
29% representative APR
Cards Not Recommended for Travel or Overseas Use
Skip these cards if you travel overseas. The FX fees or lack of travel features make them the wrong tool for the job, though they appear on other comparison pages and you may be considering them.
High FX fee. Not recommended for overseas use
Barclaycard Select Cashback Business Credit Card
Barclaycard is a solid open-access card for UK spend, but the 2.
Best for: Businesses issuing multiple employee cards who need granular spend controls, not FX savings
Watch out: 2% FX fee on non-sterling transactions. Not as competitive as 0% FX cards for regular overseas spend.
Not ideal if: Your primary goal is saving on overseas transactions
Representative APR34.3% variable Interest from 14.9% p.a.
CashbackUp to 1%
Repayment30 or 60 day terms Flexible repayment cycle
Existing AccountNo existing account required
Eligibility: UK limited companies and LLPs. Check getmoss.com for full eligibility.
Not ideal if: Your primary goal is saving on overseas transactions
Watch out: 2% FX fee on non-sterling transactions. Not as competitive as 0% FX cards for regular overseas spend.
Multiple employee cards with per-card spend limits
Real-time spend tracking and controls built in
Up to 1% cashback
No existing bank account required
30 or 60 day repayment terms
34.3% representative APR
Platform subscription pricing on top of card fees — check getmoss.com for current plans
Limited companies and LLPs only — sole traders excluded
Less suited for single-card use
Multiple employee cards with per-card spend limits
30 or 60 day repayment terms
Real-time spend tracking and receipt matching
Up to 1% cashback
Travel Card FX Fee Comparison
Card
FX Fee
ATM Fee Overseas
Travel Insurance
BA Amex Accelerating
Check provider
Check provider
Check provider
Amex Business Platinum
2.99%
Check provider
Yes: check policy terms
Amex Business Gold
Check provider
Check provider
Check provider
NatWest
None
Check provider
No
Capital on Tap
None
None
No
NatWest Business Plus
Check provider
Check provider
Check provider
Barclaycard
2.99%
Check provider
No
Lloyds
2.95%
Check provider
No
Before you apply, confirm the FX fee details directly with your chosen provider. We verified March 2026 where confirmed. All rates variable and subject to change.
The Amex Travel Card Acceptance Problem
You should not rely on Amex as your only travel card. Amex dominates on rewards and perks, but overseas acceptance is inconsistent.
We checked the main travel spend categories: most major hotels, airlines, and business services accept it. Many smaller suppliers and restaurants don’t. For the full range, see our Amex business card comparison.
If Amex is your primary travel card, carry a no-FX Visa or Mastercard as backup. NatWest is the obvious pairing for NatWest customers. Capital on Tap serves the same function without a NatWest account.
Your destination matters: Amex reports a 46% increase in UK acceptance over three years; US acceptance sits at 99%. France and Germany remain lower. In parts of Asia and South America, acceptance outside international hotels is minimal.
You’ll want a backup card in Western Europe, where Amex works for hotels and flights but not for many ground-level expenses. US acceptance is effectively equivalent to Visa and Mastercard.
If you travel frequently, the two-card approach maximises value: use Amex Gold or BA Amex for flights and hotels where acceptance is reliable. Carry a NatWest or Capital on Tap Visa for your ground-level expenses: taxis, restaurants, local suppliers, small purchases.
You earn no Avios on Visa card spend, but pay no FX fee and have universal acceptance. This split maximises total value across both rewards and FX savings.
Do You Need a Separate Travel Insurance Policy?
If you choose Amex Platinum, you get bundled travel insurance: up to £2m medical expenses, £7,500 trip cancellation, and £2,000 baggage cover, for trips up to 120 days. No cover for cardholders aged 80 or over. Pre-existing medical conditions and geographical restrictions also apply.
Before treating card-based cover as primary insurance, verify the exclusions and destination restrictions match your travel pattern. It can be competitive with standalone annual policies.
If you choose NatWest, Capital on Tap, Barclaycard, or Lloyds, you need a separate travel policy. None include cover.
A standalone annual policy for a sole trader on 6–8 European trips typically costs £150–£250. For a team of four, that rises to £400–£800 depending on destinations. Factor this into your total travel card decision.
Which UK business credit card has no foreign transaction fee?
NatWest, Capital on Tap, and Funding Circle Cashback all charge 0% FX fees on overseas purchases as of March 2026. NatWest is the only high-street bank card with no FX fee. Capital on Tap also charges no ATM fees overseas. Check current terms with each provider before applying.
How much does the FX fee cost on a standard business credit card?
Most UK bank cards charge 2.95%–2.99% on non-sterling transactions. At £10,000 of overseas spend per year, that adds up to roughly £299 in FX charges alone, more than many annual card fees.
Do business credit cards include travel insurance?
Most don’t. The Amex Business Platinum includes travel insurance covering the cardholder and, in most cases, employees travelling on business. NatWest, Capital on Tap, Barclaycard, and Lloyds don’t bundle travel cover. Check policy terms directly with the provider before relying on card-based insurance.
Can I use my business credit card at overseas ATMs?
You can, but most cards charge a cash advance fee of 2.5%–3% plus interest from the date of withdrawal with no grace period. Capital on Tap is the exception. It charges no ATM fee and no FX fee on overseas cash withdrawals. Avoid ATM use on other cards unless absolutely necessary.
Is Amex widely accepted overseas for business travel?
Amex acceptance is good in the US, Australia, and Japan, and works for most hotels, airlines, and major online services. It’s patchier in Western Europe and limited in parts of Asia and South America. We recommend carrying a Visa or Mastercard backup for ground-level expenses.
Does the 0% FX fee mean I get the interbank exchange rate?
No. A 0% FX fee means no markup above the card network exchange rate (Visa or Mastercard). The card network rate itself includes a small margin above the interbank rate, typically 0.3%–0.5%. You pay less than a standard card but not the raw interbank rate.
Should I get separate cards for UK and overseas spending?
If your main card charges FX fees, yes. Many businesses use a low-APR or cashback card for UK spending and a 0% FX fee card (NatWest or Capital on Tap) for overseas purchases. This maximises rewards or minimises interest at home while avoiding FX charges abroad.
Methodology and Disclosure
How we reviewed this
What we covered. This guide explains how this product type works for UK businesses, drawing on FCA guidance, Bank of England publications, and lender documentation. We do not draw on comparison site summaries or aggregator data.
Data sources. All claims were checked against primary sources in April 2026, including provider websites, FCA guidance, and Bank of England publications. We do not cite comparison site summaries or affiliate aggregator data.
Update cadence. We re-verify this page at least monthly, and whenever a provider changes pricing, eligibility, or terms. The verification date on the page reflects the most recent full review. Some links on this page are affiliate links, see our editorial policy.
