It isn’t a full application and does a “soft” search that will not show on your credit report. £50 per annum (first year waived – limited offer), 1.5 points per £1 spent with selected partners. Charge cards are similar to credit cards, but you’re not allowed to carry a balance on them – you always have to pay your monthly bill in full. This can place you in debt, and may result in your business getting a negative credit score if the business fails to pay back what it owes. Are business credit cards linked to my personal credit score? Unless we've said otherwise, products are in no particular order. While some business credit cards offer additional cardholders at no extra cost, others may charge up to £75 for extra cards. Compare prepaid cards from across the market and check which cards you are eligible for. Apply online today. When you pay a credit card in full, you have at least 30 days to pay off the next month's worth of spending, so you don't have to deal with your credit card expenses as they occur. Apply Now. Lenders will also usually look for reassurances that you’ll be able to repay the debt, for instance that you have a minimum turnover of over £2,000 a month and no unsatisfied County Court Judgements … The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. Check your eligibility and apply online with Lending Expert. Eligibility. For example, most business credit cards … You’ll see the search if you check your credit file, but other lenders won’t. A soft search provides us with an overview of your financial history, which we use to work out your credit card eligibility. We use cookies to ensure that we give you the best experience on our website. They can also be useful for handling expenses for sales teams, or staff going on company trips, particularly as they don't require expenses to be worked out and paid to individuals at the end of the month. Is it worth getting a business credit card? Compare and apply for our top business credit card providers. To be eligible to make an application, make sure: You’re a UK resident, aged 18 or over, with a regular annual income. A business credit card can help improve your company’s cash flow. Save time See every credit card and … Compare credit cards from across the market. If you are A business credit card can be an essential tool in the business, helping you to manage cash flow and get through difficult weeks when little money is coming in. VAT number: 259751759. What are the alternatives to business credit cards for bad credit? When you take out a business credit card, the account will be linked to your business’s bank account, which means interest payments, rewards and any other fees will be managed using the business’s finances. product or commit to any plan. How do I get a business credit card if I have bad credit? Whatever the challenges your business is facing, the Commercial Card is here to help you increase your working capital and pay with confidence to effectively manage your finances. Our eligibility checker finds your credit file and matches it against a panel of credit card providers’ lending criteria. Do you need a business credit card? with a fee of £42 per annum, your representative rate is 28.6% APR (variable). Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. With a credit card, rather than a cash card, you can also buy items that you need online, including from overseas stores that may be able to supply you with items that you can't buy in the UK. If you are a business owner – listed as an active director of your company on Companies House, or as a sole trader, then you may be able to get a business credit card. Get your results in just a few minutes; Credit cards for all credit profiles; Check My Eligibility. You can always switch to a business credit card that doesn’t require one once your business credit score has improved. Compare the best business credit cards in the UK, Compare the best business credit cards of 2021, Data updated In order for us to retrieve your credit file, we ask you to give us some personal details, including your date of birth and your UK address history. Check your eligibility. Credit cards are important for any businesses they can be used as a way of managing both staff spending and cashflow. Find out which insurance group the Saab 9-3 falls under and how much it costs to insure. This is certainly one credit card solution that a business owner … with a fee of Year 1 - £0, Year 2 onwards - £28 per annum, your representative rate is 22.4% APR (variable). The Business Plus credit card offers 29% variable APR, £70 annual fee per cardholder and is eligible for cashback up to 2%. Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. There are many factors to take into account, the most important one being the likelihood of being accepted. Try our Credit Card Eligibility Checker. If you are looking to use your card for this purpose you are best getting one where the provider subscribes to the Lending Code, so do check this before applying for a card. This is the first thing to look at. How our business credit card works. This can speed up business deals, and also help you to spread your business costs over a month-long period. This card has a £99 annual fee, but no foreign exchange fees or UK ATM charges. Find out how we got there £ 2000000000. lent to UK businesses. Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. Companies House no: 08652292. Get your results in just a few minutes. If you continue to use this site we will assume that you are happy with it. They’re quite common and can be a great solution, but you will still need to pass a credit check to apply for one. Any size business can have one, even a sole trader. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Understanding the pros and cons of business credit cards can help you to decide whether your company really needs one. Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable). Lenders usually offer a tool that allows you to enter your business details and see how likely you are to get approved for a card. Representative example: When you spend £1,200 at a purchase rate of 17.57% (variable) p.a. Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a. The benefits of having a company credit card include: Keeping your own finances separate from your business' They're accepted in most places. We use what’s called a soft credit search, which won’t affect your credit rating. with a fee of £50 per annum, your representative rate is 32.6% APR (variable). You may also find yourself tempted to spend money when there is no guarantee of invoices being paid within the next 4 weeks. ZA227007. Find out more about what makes us tick. It offers 24.5% variable APR and £32 annual fee per cardholder. Business credit cards will require you to be a UK registered business, a stipulation that even sole traders are usually required to meet. They help you control cash flow. Even other features of your business credit card such as interest rate, interest-free period, or rewards depend on your credit report. Even if your business meets the eligibility criteria, it doesn’t mean that it will automatically qualify for the cards. So we’ve created a credit card that helps you manage yours. In principle, they are very similar and they work in the same way. We compare credit card deals so you dont have to. Personal guarantees are less than ideal – as a rule of thumb you shouldn’t mix up your personal and business finances. That appear on our site or expected turnover of at least £10,000 and initially! Can speed up business deals, and read our guide to choosing the best business card... For many companies the hsbc UK business … eligibility to get credit at a purchase rate of 15.9 (... Apr is 22.4 % ( variable ) right card for them with smart security and biometric log on many. 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