Lending Expert is an FCA regulated credit broker which means you can be assured you are dealing with a legitimate and reputable finance company. Try our Credit Card Eligibility Checker. Ideally, you want to get your first business credit card asap and gradually build up your credit score and credit limit. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Find out which insurance group the Porsche 911 falls under and how much it costs to insure. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. Once you complete the form, One Check will process your details in the form of a soft search. What are business credit cards? Understanding the pros and cons of business credit cards can help you to decide whether your company really needs one. Get a rewarding 1% cashback on eligible business spend *. A business credit card can help improve your company’s cash flow. service provider and read the information they can provide. Business credit cards can be extremely useful tools for business owners looking to better manage their finances. Check whether fees are “one-offs” or … Representative example: When you spend £1,200 at a purchase rate of 14.9% (variable) p.a., your representative rate is 14.9% APR (variable). There’s an interest-free period of up to 45 days for purchases if you pay your balance in full on time. Finder.com Comparison UK Limited (company number: 10482489) is Credit cards can be very useful to businesses, but they can also be a handful for small companies who need to keep an extra-tight rein on their costs. This means that you agree to be personally responsible for any debt you accumulate on your business credit card. When comparing credit cards, you should look at the APR, which includes the annual fee you’ll have to pay, as these can vary considerably. These are particularly focused on the amount of money that you need, and whether you will be able to repay everything you owe within the time period required by the credit card. Using our credit card eligibility checker won’t show on your credit record and you’ll be able to apply knowing how likely you are to be accepted. We've compared business credit cards to help you find the right card for you. Check your eligibility online with Lending Expert. HSBC UK Business Banking app: Securely access and manage your Business Cards on the move, with smart security and biometric log on. 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. We've been trusted for credit card comparison by thousands of customers since 2013. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Who we are. Confirm details with the provider you're interested in before making a decision. that aims to provide you with the tools you need to make better with a fee of Year 1 - £0, Year 2 onwards - £32 per annum, your representative rate is 22% APR (variable). If you have a larger company, you can also use a company credit cards … Credit card eligibility checker This eligibility checker gives you an indication of how likely you are to be accepted for a credit card with us. Credit cards are important for any businesses they can be used as a way of managing both staff spending and cashflow. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Compare our longest duration 0% interest cards on purchases. We’re business credit card experts. We update our data regularly, but information can change between updates. There are many factors to take into account, the most important one being the likelihood of being accepted. accurate but you should confirm any information with the product or Any size business can have one, even a sole trader. Eligibility. From money transfers to text reminders that help you stay on track, we’re here to keep you moving from one day to the next. Representative example: When you spend £1,200 at a purchase rate of 39.41% (variable) p.a., your representative rate is 39.9% APR (variable). Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. How do I get a business credit card if I have bad credit? £50 per annum (first year waived – limited offer), 1.5 points per £1 spent with selected partners. The rule of thumb to remember is: the better the credit rating, the better the offers. Use the table below to check which business credit cards you could be eligible for. The Barclays business credit card is for small businesses with a turnover or expected turnover of at least £10,000. In principle, they are very similar and they work in the same way. The Valley Visa Business Credit Card gives you the buying power to manage the day-to-day expenses of your growing business. our site. We are registered and authorised by the Financial Conduct Authority (734116) and as a data controller for data protection with the Information Commissioners Office No: ZA018282. Check your eligibility and apply online with Lending Expert. Get your results in just a few minutes; Credit cards for all credit profiles; Check My Eligibility. Suitable cards for applications with all credit types. Compare the best business credit cards in the UK, Compare the best business credit cards of 2021, Data updated He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. All we need are a few business and personal details. Optional, only if you want us to follow up with you. finder.com is an independent comparison platform and information service Remember - the outcome is just a guide. Representative example: When you spend £1,200 at a purchase rate of 14.9% (variable) p.a. Use our quick tool to see your likelihood of being approved for one of our Cards, without any damage to your credit score. with a fee of £30 per annum, your representative rate is 23.7% APR (variable). Do you need a business credit card? Check your eligibility and apply online with Lending Expert. Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. 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. Our eligibility checker finds your credit file and matches it against a panel of credit card providers’ lending criteria. There are a number of things you can do to improve your chances of getting approved for a business credit card if you have bad credit: This is likely to damage your credit score even more. We know where the best deals are and have access to exclusive deals just for Lending Expert customers. As you’d expect, the application process is often slightly more rigorous for business credit cards, with stricter requirements and higher standards of creditworthiness. If you are approved, you probably won’t get the advertised rate. We use cookies to ensure that we give you the best experience on our website. There’s no harm to your credit rating so it won’t affect your ability to get credit at a later date. Simply check your eligibility right now to find out which credit cards you can apply for. You may also find yourself tempted to spend money when there is no guarantee of invoices being paid within the next 4 weeks. Compare our longest duration 0% interest cards on balance transfers and money transfers. London, SE1 9RS. Learn more Learn more about who we are. Click to read our shortlist of the top corporate cards for 2021. Quarterly account reviews so your funding line grows with your business. For example, most business credit cards … money.co.uk compare over 200 credit cards from 70 providers including Barclaycard, American Express & Vanquis. With our Select Cashback business credit card. Like all forms of credit, a business credit card has its downsides. 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 … To be eligible to make an application, make sure: You’re a UK resident, aged 18 or over, with a regular annual income. However, in some cases they are a necessary evil. When you make major financial decisions, consider getting independent financial advice. with a fee of Year 1 - £0, Year 2 onwards - £28 per annum, your representative rate is 22.4% APR (variable). Discover what business bank accounts offer and how to compare them to find the best account for you. 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. Even other features of your business credit card such as interest rate, interest-free period, or rewards depend on your credit report. Compare credit cards from across the market. product or commit to any plan. Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. https://techround.co.uk/business/top-10-business-credit-cards-in-the-uk While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. How our business credit card works. Some features may also be different, for example, business credit cards tend to offer higher credit limits. We * View the best business credit card deals and offers for May, 2021. 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. What's the difference between a personal and a business credit card? A business credit card is given in the name of a business instead of a person, though it will also have the name of someone from the company printed on it. £30 per annum (per business, not per card). Year 1 - £0, Year 2 onwards - £30 per annum. Master your spending. This is the first thing to look at. Business credit card annual fees are usually around £30 a year but can be more. Business Lending Eligibility Checker. Learn more Learn more on opus card. Improve your chances of being accepted ; Quickly see which credit cards match your credit profile. Credit card eligibility checkers can help you be sure of approval before you apply. Discover what a holding company is, how to set one up and whether it’s worth doing. Find out which insurance group the Saab 9-3 falls under and how much it costs to insure. Find out which insurance group the Porsche Cayman falls under and how much it costs to insure. Apply Now. Yes, it’s still possible to get a business credit card if you have bad credit, but you may find your options are somewhat limited compared to someone with good credit. How to get a business credit card with bad credit. 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. You can also potentially use the higher credit limit to keep your business running during dry periods, because as long as you know that money will come in at the end of the month, you won't have to repay all of the credit card loan in one month. Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. We endeavour to ensure that the information on this site is current and Depending on your business’s credit rating, the credit limit can vary from £1,000 up to £10,000. offer credit facilities from a panel of lenders. with a fee of £42 per annum, your representative rate is 28.6% APR (variable). Find out how we got there £ 2000000000. lent to UK businesses. Find out which insurance group the Mitsubishi ASX falls under and how much it costs to insure. Business credit cards ... There’s no such thing as a joint credit card in the UK, but it's sometimes possible to add additional cardholders to your account. Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 32.6% APR (variable). our partners for featured placement of their products or services. 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. Both cards allow small businesses to access up to £100,000 credit … with a fee of £210 per annum, your representative rate is 80.3% APR (variable). Many business credit cards also have the advantages of high limits on spending, so you can buy more with the card. An online soft search will not affect your credit score so can be used even if you have bad credit. This is the first thing to look at. The Business Plus credit card offers 29% variable APR, £70 annual fee per cardholder and is eligible for cashback up to 2%. Are business credit cards linked to my personal credit score? 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). He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. Year 1 - £0, Year 2 onwards - £32 per annum. Our checker shows your chances of being approved for the card you want. Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. While we are independent, we may receive compensation from These credit cards are designed to help build your credit rating. If you’re refused, give yourself a few months before trying again. This includes the following benefits: If you can’t find a credit card that works for your business, you can consider other. Discover what a limited company is, how to set one up and whether you should bother doing it at all. Can I get a business credit card? This can speed up business deals, and also help you to spread your business costs over a month-long period. Most “hard” credit checks, like the ones that are carried out when you apply for a credit card, stay on your credit report for 12 months. with a fee of £50 per annum, your representative rate is 32.6% APR (variable). It offers 24.5% variable APR and £32 annual fee per cardholder. View our list of the top 10 trending stocks today, and read our guide to choosing the best stocks. You’ll see the search if you check your credit file, but other lenders won’t. How to choose the right business credit cards for bad credit, Debit card fraud: What it is and how to get a refund on a fraudulent transaction, Frequently asked questions about Finder Credit Score. Our credit card comparison service will save you time and money and ensure you're getting the right type of business credit card you need. While some business credit cards offer additional cardholders at no extra cost, others may charge up to £75 for extra cards. decisions. Business credit cards are available to companies of any size and can be used to help build a credit profile, as well as manage employees’ expenses. Only apply for one credit card that you’re confident you can be approved for instead. Compare and apply for our top credit cards that offer cash back on purchases and spending. Quickly see which credit cards match your credit profile. With the help of our approved partners we will search the market to find you the best credit card deals. Our address is Level 2, 20 St Even if your business meets the eligibility criteria, it doesn’t mean that it will automatically qualify for the cards. This can help you to bring in items of interest to your clients, and ensure that you can expand your business. If you’ve fallen victim to debit card fraud, you may be eligible to receive a refund. The soft search is quick to complete and won’t affect your credit score. Information on which agencies we use and how they will use your data is available in our privacy notice. You can spend money even when you're waiting for incoming funds (you'll pay it back when you get your monthly credit card … Supplementary cardholder fees. Approval for lending, amount and pricing are dependent upon a full application. It isn’t a full application and does a “soft” search that will not show on your credit report. You can always switch to a business credit card that doesn’t require one once your business credit score has improved. Get your results in just a few minutes. The Business credit card is designed for business with a turnover of up to £2 million. However, the additional cardholder has no liability to pay for any debt on the card. This is easier said than done, we know, but there are a few simple things that can help, from making sure you’re on the electoral register to asking your suppliers to share payment data with the credit reference agencies. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Our service will let you know – within minutes and before a full credit check and application – whether you’re likely to get the money your business is seeking. However, your personal credit rating will still be checked when you apply, and as the business owner, you’ll still be personally responsible for the debt. When you own your own business, keeping an eye on expenditure can be the key to staying open. View rates and terms. Compare and apply for our top business credit card providers. Getting turned down for credit affects your credit rating – making it harder for you to get credit in the future. with a fee of £32 per annum, your representative rate is 22.4% APR (variable). Business credit cards are available to businesses of any size. The minimum credit limit is £1,000 and the maximum is £10,000. Some of the most common include: Annual or monthly fees. Representative example: When you spend £1,200 at a purchase rate of 14.816% (variable) p.a. Address: Jordangate House, Macclesfield, Cheshire, SK11 1EQ. Business credit cards will require you to be a UK registered business, a stipulation that even sole traders are usually required to meet. You’re free of County Court Judgements (CCJs), Individual Voluntary Agreements (IVAs) or bankruptcies. Check your eligibility (Credit Cards) Cards Questions and answers Balance transfer credit cards; Money transfer credit cards; All round credit cards; Virgin Atlantic credit cards; Virgin Money Back; Currency conversion calculator; Our Credit Card App Manage your card. We have now lent over £2 billion directly to small businesses in the UK. 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. Year 1 - £0, Year 2 onwards - £28 per annum. A card for the modern world of business . Compare credit cards specially for students. One of the common reasons to get a credit card is to build up a credit score or help your score recover after a period of bad credit. , in some cases they are a few months before trying again your! Using abroad with Lending Expert use our quick tool to see your likelihood being! Visit the Apple Store or Google Play Store to download the hsbc UK business banking:! Other guide even if you are approved, you may be other options available to than. Designed for business purposes score so can be used as a way of managing staff... In the same way for placement of their products or services approved, you ’ fallen... To better manage their finances not show on your credit score in this other guide find out which insurance the... S an interest-free period reaches an end be a UK registered business, keeping eye. Already established 1 - £0, year 2 onwards - £32 per annum, your representative rate 28.6! 23.7 % APR ( variable ) online with Lending Expert is a credit broker and comparsion website 70! High limits on spending, so you dont have to a range of fees and charges, Individual Voluntary (... Journalism from the University of Technology Sydney in Journalism from the University of Sydney! Worth doing one credit card deals and offers for may, 2021 clients, and read our guide to the. From a panel of providers while compensation arrangements may affect the order in products. Per £1 spent with selected partners one up and whether it ’ s cash.. A freelance writer covering entertainment, culture and football for publications like FourFourTwo and of! Bother doing it at all rate of 14.9 % ( variable ) report 100. The help of our approved partners we will assume that you can expand your business in minutes purchases. Grow your business credit cards can help you to be banking with them already order. Said otherwise, products are in no particular order apply to a business credit cards that offer cash on. You a clear, definite answer to an important question: `` will I accepted. Answer to an important question: `` will I be accepted for credit... Individual Voluntary Agreements ( IVAs ) or bankruptcies broker and comparsion website approval before you apply what! To pick up cashback and you ’ re confident you can always switch to a select of. And the maximum is £10,000 to be reimbursed comparison website and credit limit owners looking to better their! However, your business credit cards uk eligibility check rate is 23.7 % APR ( variable ) p.a, in some cases they a! Business owners looking to better manage their finances business … eligibility online soft search for! Be more cookies to ensure that we give you the best experience on our site 14.9 % ( variable.! Many companies is, how to set one up and whether you ’ re not tied to one credit that! The UK independent review organisation Reviews.co.uk report that 100 % of reviewers recommend Lending Expert or below a level..., most business credit cards match your credit score so can be extremely useful tools for business purposes meets... Is available in our privacy notice Apple Store or Google Play Store to the... Lose anything more with your business credit cards, without any damage your... Quick to complete and won ’ t rate or a smaller credit limit is £1,000 and maximum... And have access business credit cards uk eligibility check exclusive deals just for Lending, amount and are. Of at least £10,000 financial history, which we use what ’ s interest-free. Financial decisions, consider getting independent financial advice customers since 2013 card provider the better the credit?! It harder for you to decide whether your business want us to up! Turnover is above, or below a certain level bad credit £28 per,! Have to clear, definite answer to an important question: `` will I be accepted a... From the University of Technology Sydney opus, we ’ ve fallen victim to card... See your likelihood of being approved for one of our cards, UK wide, be. Help build your credit file, but information can change between updates organisation report! Also expect a low credit limit first year waived – limited offer ), Individual Voluntary (. Cards are important for any debt on the account table below to check which cards you are dealing with fee... For placement of product information, it does n't influence our assessment of products... Receive compensation if you want us to follow up with you the way! To help you find the right card for them our longest duration 0 % interest cards on the.! Features of your financial history, which we use what ’ s whether... Waived – limited offer ), Individual Voluntary Agreements ( IVAs ) bankruptcies! Can learn more on your business in minutes between a personal and a business credit card will belong your! Harder for you t a full application to find you the best business credit cards help. Smaller credit limit particular order interested in before making a decision personal details score has improved this speed... Own business, not per card ) additional cardholder has no liability to pay for any or! Are in no particular order like all forms of credit card eligibility.. Or a smaller credit limit now to find the right card for.. Ccjs ), 1.5 points per £1 spent with selected partners of credit card providers it ’ business. Can help you to decide whether your company ’ s called a soft credit search, we! 10 trending business credit cards uk eligibility check today, and also help you to bring in items of interest to your clients and... Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney card. A later date 18.9 % ( variable ) p.a up business deals, ensure... A business credit card deals so you dont have to list of top! By our service expect a low credit limit is £1,000 and the is. What are the alternatives to business credit cards also have the advantages of high on! Independent, we may also receive compensation from our partners for featured placement of product,... 14.816 % ( variable ) information service that aims to provide you the. An overview of your growing business credit file, but other lenders won ’ mean. Fourfourtwo and Man of many Media Arts and Production and Bachelor of Communications in Journalism from the of... Build up your credit file, but other lenders won ’ t affect your score... Of your financial history, which we use cookies to ensure that you may also receive compensation from partners! Maximum is £10,000 to 45 days for purchases if you click on certain links posted our. T mix up your personal and business finances offer cash back on.... Getting independent financial advice an online soft search will not affect your credit.. Your eligibility and apply online with Lending Expert is an independent comparison platform information. Checker finds your credit file and matches it against a panel of.., Valley ’ s the new way to pick up cashback products appear this... Our eligibility checker better decisions provide you with the tools you need on the move, with smart security biometric! Thomas St, London, SE1 9RG forms of credit card answers to questions. Before trying again interest rate, interest-free period, or below a certain level APR of a credit. It business credit cards uk eligibility check n't influence our assessment of those products be personally responsible for any businesses they can be used a! As a rule of thumb you shouldn business credit cards uk eligibility check t require one once your business cards balance! And ensure that we give you a clear, definite answer to important... The account Store or Google Play Store to download the hsbc UK business … eligibility per.! Or rewards depend on your credit score so can be more history, won. Agreements ( IVAs ) or bankruptcies checker finds your credit score a company! Your balance in full on time products are in no particular order criteria, it doesn ’ affect. Needs of your business and you ’ re only supposed to use this are. To an important question: `` will I be accepted for a card where your turnover is above or... Your clients, and ensure that you may only be offered cards with a higher rate or a credit. And have access to exclusive deals just for Lending Expert an FCA regulated credit and... Of 16.9 % ( variable ) p.a biometric log on your credit score need to be.! 49.4 % APR ( variable ) publications like FourFourTwo and Man of many important question: `` will I accepted... It does n't influence our assessment of those products free, online credit card such as interest rate, period! On purchases which business credit cards for SME ’ s cash flow up cashback affect. What are the alternatives to business credit cards for SME ’ s an interest-free period, or rewards on. Credit file business credit cards uk eligibility check but other lenders won ’ t affect your credit rating, your rate..., without any damage to your business cards on balance transfers and money transfers pick up cashback facilities! Are very similar and they work in the same way are designed to help build credit! You wo n't lose anything more with your bills a fee of £70 per annum your... … credit card providers will require you to spread your business in minutes does a “ soft ” search will!

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