Business credit cards

Can I apply?

• Most business credit cards are available to companies of all sizes, so you can apply as a sole trader, a partnership or a limited company.

• When deciding what to apply for, it’s best to choose a card that suits your company and profile.

Am I Eligible?

• To get a business credit card, you typically need to be a UK-registered business, over 18 years old and have a good credit score.

• Some providers offer soft eligibility checks to show your chances of approval before you apply (which won't impact your credit score).

How long will it take?

• Approval can range from an instant decision to a few days, depending on how quickly the provider completes your credit checks.

• Once you're approved, your card will generally arrive within 7-10 days, but virtual cards can be available immediately.

A business credit card is designed to help UK companies manage expenses while separating personal and professional spending.

It can be a useful tool to:

• Manage your cash flow

• Build your company’s credit profile

• Track your business expenses

It works in the same way as a personal credit card, but is tied to your company, with perks often including rewards (e.g. cashback, travel points and insurance), and accounting software integration.

1. Compare and choose a card

It's important you know what type of credit card is the best fit for your business needs. Compare the options before applying to help make an informed decision.

2. Apply for your card

Once you've found the card you want, gather the necessary documents and complete your application. An online form can typically be completed in just minutes.

3. Spend and repay

Start using your card to pay for business purchases, then make the monthly repayments. If you pay the balance on time and in full each month, you'll avoid paying any interest and will also improve your business credit score.

Eligibility depends on the provider’s criteria and your company’s financial profile. While some business credit cards are designed for startups or sole traders, others may require a minimum turnover or business history.

To apply for a business credit card in the UK, you need to:

• Be aged 18 or over

• Be a UK resident

• Run a UK-registered business (sole trader, partner, or limited company director)

Some will also ask you to pass a personal credit check as well as a business one, or request proof of steady cash flow.

To improve your approval chances, check the provider’s specific criteria and consider using an eligibility checker to avoid impacting your credit score.

• APR (Annual Percentage Rate)

APR is the total cost of borrowing over a year, including interest and any standard fees. Many providers typically offer 15%-35% (variable), and understanding this rate can help you compare the true cost of different card options.

• Rewards and perks

If you regularly make business purchases, a rewards card can help you earn back a percentage of your spending with cashback, travel points, or other perks.

• Credit limits

A higher credit limit can be useful when making expensive purchases, as some range up to £250,000. Choose a card with a limit that aligns with your current spending to help avoid unnecessary debt or overspending.

• Interest-free period

Many providers offer an interest-free period of up to 42 days, with some beyond that. There are also introductory 0% APR deals for a fixed period (typically 6-18 months), but check what the rate changes to once the promotion ends.

• Extras

Some cards offer additional features, including multiple cards for employees, expense tracking, and accounting software integrations. Decide if these may be useful depending on your business needs.

APRs and offers are subject to change. Always verify current rates and terms directly with the provider before applying.

Here are the five most effective ways to boost your chances of getting approved:

• Business bank account usage: Use your business account regularly to help prove your turnover and account history over a sustained period of time.

• Build credit history: Keep your credit usage low and pay bills on time to boost your credit score.

• Space out applications: Do not apply for multiple cards in a short timeframe, as this could impact your credit score.

• Bookkeeping: Maintain accurate records for filings and expenses so you can easily access them during your application.

A business credit card can be used for many different purposes, as long as the expense is related to your company.

This includes:

• Buying new stock or equipment

• Paying bills and invoices

• Managing cash flow and unexpected outgoings

• Earning rewards or cashback

• Paying for office supplies

• Travel costs

If you don't think a business credit card is for you, there are other funding options available, including:

• Business loans: Funding which can be used for long-term growth or company investments.

• Business charge cards: Work similarly to a credit card, usually with a higher spending limit, but require you to pay the balance in full every month.

• Invoice finance: Covers unpaid invoices to bridge your working capital.

• Business overdrafts: Can work as a short-term option if you want flexibility with repayments, but typically have higher interest rates.