The 10 Best Business Credit Card In The UK
The importance of business credit cards doesn't end with personal usage.
Business owners or executives can also use business credit cards to their advantage and get the most return on their spending.
The right credit card for business comes with several benefits, such as cash-back rewards, perks such as airport lounge access, and other features that help companies save money.
Read on to learn more about the top business credit cards in the UK. market
What Is A Business Credit Card?
When it comes to credit cards, business credit cards are designed to help small and large businesses manage their finances.
These cards are intended for companies, organizations, and individuals spending money on business-related expenses.
In other words, you can use these cards to pay for business-related expenses.
These cards may come with additional benefits, such as rewards for spending, travel assistance, and purchase protection.
Business credit cards are often used for large items like equipment supplies, or hiring contractors.
Credit cards are a typical business expense.
You might prefer using a credit card for business expenses instead of cash because it can track your spending and find a way to pay off your debt.
What to look for in a business credit card
If you're looking for a business credit card, you should keep a few things in mind.
First, you'll want to ensure that the card you're considering has no annual fee.
This is especially important if you use the card regularly. Credit cards with annual fees often have high-interest rates, making them a terrible choice for frequent use.
Beyond that, you'll want to consider the card's interest rate, any perks you could get with the card (like rewards or cash back), and the card's credit score impact.
British Airways Signature Credit Card
If you travel frequently, the British Airways Visa Signature card may suit your needs. This card grants up to 100,000 Avios after spending £3,000 within the first three months of account opening.
You can book a flight using Avios on British Airways and other oneworld alliance airlines, or they can be exchanged for Air Miles.
The card has an annual fee of &89 after the first year, which is waived for the first year.
Additional card benefits include car rental, travel insurance, and travel assistance.
Beyond travel benefits, the card's interest rate is relatively high, and the introductory 0% APR period is relatively brief.
Amazon Business Visa Card
If you want a credit card that rewards frequent Amazon shoppers, the Amazon Business Visa card may be worth considering.
This card provides 5% cash back on Amazon purchases.
It also offers 2% cash back on all other purchases, but its highest cash back rate is 5%.
In addition, this card has no annual fee. Furthermore, to purchase protection, travel assistance, and travel insurance.
Regarding interest rates, the Amazon card has a relatively high rate of around the 19% mark.
HSBC Advance Visa Platinum Card
This HSBC card is a good option if you want a primary business credit card.
This cards lacks many of the perks of other cards on this list, but it does have one advantageous feature,No annual fee
The card's interest rate is somewhat high, but it has several benefits, such as travel assistance, purchase protection, and travel insurance.
In addition to these benefits, you will receive cash back on certain purchases if you enrol in HSBC's rewards programme.
Unfortunately, the card's cash back rate is neither the best nor the worst.
Virgin Atlantic Black Card
If you are interested in a card with many travel benefits, the Virgin Atlantic Black Card may be worth your consideration.
This card grants access to the Virgin Atlantic clubhouse in London, priority boarding, and airport lounges on one way flights.
The card also provides various additional benefits, such as travel and rental car insurance.
The annual fee for this card is $0 for the first year and then £99.
The interest rate on the Virgin card is somewhat high, with a range that hovers around 20%
Disney Rewards Visa Card
If you are a Disney fan, you may find that the Disney Rewards Visa card meets your needs.
This card provides a 1.5% discount on purchases made at any Disney Store.This card offers a 0% purchase rate for the first six months after account opening.
In addition to these benefits, the card offers additional benefits, such as purchase protection and travel assistance.
The interest rate on the Disney Rewards Visa Card is somewhat high, but it is 0% for the first six months.
American Express Business Gold Rewards Card
This Card is another option for frequent travellers.
This Card gives you 3 points per £1 spent on flights booked directly with airlines, 2 points per £1 spent at restaurants, and 1 point per £1 spent everywhere else.
Points can be exchanged for rewards, including gift cards and travel.
The Card includes several card benefits, including travel assistance, purchase protection, and car rental theft protection.
This Card's interest rate is high, with a range that hovers around the 23% mark.
Credit cards can be a great tool for a small business. Nevertheless, make sure to use them wisely — and pay them off on time.
If you want a business credit card, ensure it has no annual fee and a low-interest rate.
Conclusion
Beyond that, a few things to remember when choosing a card. You will want to ensure the card has no annual fee, has a low-interest rate, and offers unique features like rewards or cash back.
Business credit cards are a valuable tool for managing cash flow, paying for goods and services, and building your company’s creditworthiness.
Before applying for a business credit card, make sure you understand your company’s financial situation and use the card in a wise way that will not negatively impact your business’s credit score