What Are the Best Business Credit Cards for Small Businesses in the UK?

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What Are the Best Business Credit Cards for Small Businesses in the UK?

There are many business credit cards available in the UK, so it can be difficult to know which one is right for your small business. The best business credit cards will offer great perks and rewards, low interest rates, and low annual fees. To find the best ones, you’ll want to compare the offerings from different financial institutions. Keep reading to learn more about the best business credit cards for small businesses in the UK.

What are the best business credit cards for small businesses in the UK?

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When you are looking for UK business credit cards, there are a few factors you should consider. The first is the APR. This is the interest rate you will be charged on any balances you carry on the card. You should also consider the annual fee, which is the amount you will have to pay each year to use the card. Another important factor is the credit limit, which is the maximum amount you can borrow on the card. You should also look at the rewards program associated with the card. The best option if you want to earn points is the American Express Business Gold Card. It has a low annual fee and gives you 20,000 rewards points if you spend a specific amount within the first three months. The best card for cashback is the Barclaycard Select Cashback credit card with unlimited one percent cash back on eligible purchases. For low fees and low APR, Capital on Tap is a great option with no annual fee and 9.90 percent APR at the time of writing.

What are the benefits of using a business credit card?

Perhaps the most obvious benefit is that it can help you keep track of your expenses. By putting all your expenses on one card, you can easily see how much you’re spending and where. This can be especially helpful if you’re trying to stick to a budget or need to stay under a certain spending limit. Another big benefit of using business credit cards is that it can help improve your credit score. A good credit score is important for any business, as it can make it easier to get loans and other types of financing in the future. And finally, another great benefit of using a business credit card is that it can help you earn rewards points or miles. These rewards can be used for things like travel and gift cards, which can come in handy for your small business.

Are there different types of business credit cards?

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There are a number of different types of business credit cards available in the UK. The most common type is a standard credit card which can be used to purchase items or withdraw cash. These cards usually have a limit of around £5,000 but can be increased if needed. Another type is a charge card. This must be paid off in full every month and doesn’t offer a credit limit. It is typically used by businesses that want to avoid interest payments. The third type is a prepaid card. It’s pre-loaded with funds and can be used to purchase items or withdraw cash. This type is ideal for businesses that want to control spending. Finally, there is the business credit card. This is a credit card that is specifically designed for businesses. It offers a higher credit limit and comes with a range of features that are designed to help businesses manage its finances.

 

Overall, the best business credit cards for small businesses in the UK are those that offer low interest rates, rewards programs, and no annual fees. These cards can help small businesses save money and earn rewards on their spending.

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