If you run a company, sole trader business, or are self-employed in the UK, securing a Business Credit Card can be one of the smartest steps you take for managing cash flow and expenses. A business card helps you separate personal and business spending, offers credit when you need it, and may come with perks like cashback or reward points that benefit your operations. In this article, we’ll explain how to apply for a business credit card in the UK, what eligibility criteria you must meet, and highlight some of the top cards available from central UK banks.
What Is a Business Credit Card?
A Business Credit Card is a specialised credit card designed for business expenses. Unlike personal credit cards, these are tailored to support business use — such as higher credit limits, tools for tracking employee spend, and integrations with accounting software. The card typically lets you borrow up to an agreed limit and offers an interest-free period on purchases if you pay the full balance by the due date. These cards can also help you build a small business credit profile that may make it easier to access other types of finance in the future.
Eligibility Criteria
Before applying for a business credit card in the UK, there are a few typical criteria you should be aware of:
- Age and Residency:
You must be at least 18 years old and a permanent resident of the UK.
- Business Status:
You can apply as a sole trader, a partnership, a limited company director, or a self-employed individual.
- Income and Trading History:
Some lenders require a minimum income, a minimum annual turnover, or a minimum trading history.
- Credit Profile:
Providers will usually run credit checks on your business (and sometimes personal credit, especially for smaller firms). A strong credit score improves your chances of approval.
There are no business credit cards in the UK that bypass credit checks entirely, so it’s essential to work on your business credit report before applying.
How to Apply for a Business Credit Card
Getting a business credit card doesn’t have to be complicated. Follow these steps to boost your chances of approval and find the right card for your business:
- Determine Your Needs:
Think about how you will use the card — for everyday expenses, travel, large purchases, or to earn rewards. This will guide your choice of provider and the card features you select.
- Shop Around:
Compare cards based on interest rates (APR), fees, interest-free periods, and rewards like cashback or loyalty points. Look at major banks and specialist providers to find the best fit.
- Check Eligibility:
Use online eligibility checkers offered by many card issuers. These soft checks won’t affect your credit score and can help you narrow down suitable options.
- Gather Documentation:
Prepare business details, proof of ID, bank account information, and financial records that lenders may request.
- Submit Your Application:
Most providers let you apply online. You may get an instant decision, or it could take a few days. Once approved, your card will be posted to you, typically within 5–10 working days. Some issuers provide a virtual card you can use straightaway.
- Read the Terms:
Before signing, review the APR, fees, repayment terms, and any promotional offers. Ensure you understand the card’s responsibilities.
Top Business Credit Cards in the UK
Here are some well-known Business Credit Card options that UK businesses often consider:
- Capital on Tap Business Credit Card:
Known for uncapped 1% cashback and a flexible credit limit, this card is popular with small businesses and freelancers.
- Barclaycard Select Cashback Credit Card:
Offers cashback on business purchases with no annual fee, making it an attractive low-cost choice.
- Metro Bank Business Credit Card:
A straightforward option with no annual fee and up to 56 interest-free days.
- American Express Business Gold Card:
Provides reward points and multiple employee cards, though balances must be paid in full each month.
- Santander Business Cashback Credit Card:
Combines cashback on all spending with no foreign transaction fees when paying in local currency — valid for companies that trade abroad.
- NatWest Business Plus Credit Card:
Offers cashback and an interest-free period, with no extra fees on some international purchases.
- HSBC Commercial Card:
Provides flexible credit limits, mobile payment integration, and an introductory period with no annual fee.
- Lloyds Bank Business Credit Card:
A classic high-street option with cashback on selected spending categories and interest-free credit on purchases when you pay on time.
Choosing the right business credit card depends on how your business spends money, whether you want rewards or low rates, and how you manage repayments.
Editor’s Tips For Business Credit Card
Once approved, use your Business Credit Card responsibly. Pay off balances on time to avoid interest charges, monitor spending to stay within budget, and take advantage of any rewards or cashback offers. Regular use and timely repayments can also help build your business credit profile for future financial needs.
By understanding eligibility requirements, comparing card features, and preparing a strong application, you can secure a business credit card that supports your company’s growth and financial health.
