1.Capital on Tap Business Credit Card
Capital on Tap
- 1.5%Cash back on all purchases
Earn 7,500 points (worth £75) when you sign up using a referral link or promo code and make your first card transaction within 30 days.
Earn unlimited 1.5% cash back on all purchases.
13.86%-34.9% Variable APR
The Capital on Tap Business Credit Card stands out as the top choice because it offers a straightforward cashback structure with no annual fee, making it ideal for small and medium-sized businesses looking to manage their expenses efficiently.
Pros:
- No annual fee
- Fast application process
Cons:
- High interest fees if not paid off quickly
- Mixed user opinions on cash drawdown feature
2.Barclaycard Select Cashback Business Credit Card
Barclaycard
- 1%Cash back on eligible business purchases
The Barclaycard Select Cashback Business Credit Card does not offer a welcome bonus or sign-up promotional offer.
Offers uncapped 1% cashback on eligible business purchases.
25.5%-26.1% Variable APR
What sets the Barclaycard Select Cashback Business Credit Card apart is its uncapped cashback offering, making it a strong option for sole traders who want to maximize their rewards without worrying about annual fees.
Pros:
- No annual fee
- Uncapped cashback
Cons:
- Requires a minimum spend of £2,000 to earn cashback
- No welcome bonus
3.RBS Business Plus Credit Card
Royal Bank of Scotland
- No rewards breakdown available
The RBS Business Plus Credit Card does not offer a traditional lump-sum welcome bonus.
Offers a tiered cashback rewards structure on everyday corporate spending.
29% Variable APR
The RBS Business Plus Credit Card shines for its tiered cashback rewards structure, allowing businesses to earn back on their everyday spending, although it does come with an annual fee.
Pros:
- Tiered cashback rewards
- Ongoing perks
Cons:
- Annual fee of £70
- No upfront welcome bonus
4.American Express Business Gold Card
American Express
- 4%Points on top two eligible spending categories
- 1%Points on all other purchases
Receive 20,000 Membership Rewards points when you spend £3,000 within your first 3 months.
Earn 4x Membership Rewards points on the top two eligible spending categories where your business spends the most each month.
The American Express Business Gold Card is the best option for businesses that want to maximize their rewards, as it offers 4x points on the top two spending categories, making it ideal for those with varied business expenses.
Pros:
- High rewards on top spending categories
- Generous welcome bonus
Cons:
- High annual fee
- Limited to top two categories
5.Funding Circle Cashback Business Credit Card
Funding Circle
- 2%Cashback on all business spending for the first 6 months
- 1%Uncapped cashback after the first 6 months
The Funding Circle Cashback Business Credit Card does not feature a traditional one-off welcome bonus.
Offers 2% cashback on all business spending for the first 6 months, followed by 1% uncapped cashback.
14.9%-34.9% Variable APR
The Funding Circle Cashback Business Credit Card stands out for its initial 2% cashback on all spending for the first six months, making it an attractive option for businesses looking to maximize their rewards early on.
Pros:
- No annual fee
- High initial cashback rate
Cons:
- Limited time for high cashback
- Variable APR can be high
6.Iwoca Business Credit Card
Iwoca
- 1%Cashback on spending
The iwoca Credit Card does not offer a traditional upfront welcome bonus.
Offers 1% cashback on spending.
The Iwoca Business Credit Card is unique as it focuses on providing flexible credit lines rather than traditional credit card features, making it suitable for businesses that need quick access to funds.
Pros:
- No annual fee
- Flexible credit lines
Cons:
- No traditional credit card features
- Limited rewards compared to others
Did you know?
Business credit cards in the UK can help track company expenses. Compare representative APR, fees, and accounting integrations before you apply.
Final Words
As you evaluate the best business credit cards this October 2026, remember that choosing the right card hinges on your unique business needs and financial habits. Take time to compare options carefully, considering features like rewards, fees, and application processes, to make an informed decision that will benefit your business in the long run.
Frequently Asked Questions
Earn 7,500 points (worth £75) when you sign up using a referral link or promo code and make your first card transaction within 30 days.
Earn unlimited 1.5% cash back on all purchases.
The Barclaycard Select Cashback Business Credit Card does not offer a welcome bonus or sign-up promotional offer.
Offers uncapped 1% cashback on eligible business purchases.
The RBS Business Plus Credit Card offers a tiered cashback rewards structure on everyday corporate spending.
Many business credit cards like the Capital on Tap and Barclaycard Select Cashback have no annual fees, making them attractive options for small businesses. However, some cards, such as the RBS Business Plus, do charge an annual fee, so it's essential to weigh the benefits against the costs.
Consider factors like the interest rates, annual fees, rewards structure, and whether the card suits your business spending habits. Additionally, ensure your business meets the eligibility criteria to increase your chances of approval.
When comparing business credit cards, look at the reward rates, welcome bonuses, annual fees, and additional features such as expense management tools. Online comparison sites can help you evaluate multiple options side by side.
