Barclaycard Business Select Cashback Credit Card review | 21.9% rep. apr | Finder UK

Barclaycard Business Select Cashback Credit Card review 2021

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With no annual fee and a competitive rate, this business credit card is a good low-cost cashback option.

You say: ★★★★★We say: ★★★★★

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).

Up to 56 days

Interest-free each billing period

Earn 1p

per £1 spent

21.9%

Representative APR

£0

Account fee

Details

IssuerBarclaycard Business
NetworkMastercard
Annual/monthly fees£0
Purchases21.9%
Purchases interest-free periodUp to 56 days
Cash advances27.9%
Min credit limit£1,000
Max credit limitSubject to status: £25,000
Incentive1% after £1 of monthly spend. Cashback paid Monthly into Card Account.
Cashback details1% after £1 of monthly spend. Cashback paid Monthly into Card Account.

Expert review

Tom Stelzer

Review by


Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney.

Expert review

With no annual fee and a competitive variable rate, the Barclaycard Select Cashback card could be a suitable option for business owners looking to better manage their cashflow, while getting something back on purchases.

While cashback is only offered at a relatively average 1% rate, it compares favourably to other business cashback cards once you take into account the lack of an annual fee.

Overall, this Barclaycard business credit card is a straightforward, but impressively low-cost cashback card that’s worth a look for any business looking to take out a card.

The Barclaycard Business Select Cashback Credit Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.

Pros and cons

Pros

  • Up to 56 days to spread the cost of purchases (provided you pay off your balance in full each month)
  • Customers report excellent customer service when dealing with Barclaycard Business
  • Earn cashback on day-to-day spending
  • No annual fee

Cons

  • There are more generous cashback cards available
  • You'll need to pay a fee on any foreign transactions

How does it compare?

Barclaycard Business's card

Data updated daily
Name Product Purchases Annual/monthly fees Rewards earn rate Rep. APR Link Incentive Representative example
Barclaycard Business Select Cashback Credit Card Mastercard
21.9%
£0
1% cashback
21.9% (variable)
More Info
1% after £1 of monthly spend. Cashback paid Monthly into Card Account.
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).
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Other popular business cards

Table: promoted then other popular deals
Data updated daily
Name Product Purchases Annual/monthly fees Rewards earn rate Rep. APR Link Incentive Representative example
Capital on Tap Business Credit Card
39.41%
£0
N/A
39.9% (variable)
Go to site
More Info
Upgrade to Capital on Tap Business Rewards Card for £99 pa to earn 1 point for every £1 spent. 1 point can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
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).
Capital on Tap Business Rewards Credit Card
39.41%
£99 p.a.
1 point per £1 spent
39.9% (variable)
Go to site
More Info
Earn 1 point for every £1 spent. 1 points can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
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).
British Airways American Express Accelerating Business Card
22.2%
£210 per annum
1.5 points per £1 spent
80.3% (variable)
Go to site
More Info
Earn 1.5 On Business Points for every £1 spent with BA on eligible flights and 1.5 Avios for every eligible £1 spent on credit card. Earn an extra 3,000 On Business Points annually when £20K or more spent by card anniversary.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. with a fee of £210 per annum, your representative rate is 80.3% APR (variable).
Allstar Plus ‘All-in-one’ Business Credit and Fuel Card
N/A (this product is a charge card).
Year 1 - £0.99 per card per month,
Year 2 onwards - £3.99 per card per month
N/A
N/A (this product is a charge card).
Go to site
More Info
Earn an introductory bonus of £150, up to 44 days interest free on purchases (subject to status), savings on fuel at 1,500 Discount Diesel sites plus a 10% saving on vehicle servicing, repair, tyres and car washes at venues nationwide.
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Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

You can make manual repayments through Barclaycard Business's app, by logging in to your online banking or over the phone (0800 029 4864). Alternatively you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result.

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply

If you've compared cards and settled on the Barclaycard Business Select Cashback Credit Card, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you'll need to make the process as straightforward as possible.

Frequently asked questions

What credit limit will I get with the Barclaycard Business Select Cashback Credit Card?

If Barclaycard Business is able to offer you this deal, the offer will specify a tailored credit limit based on Barclaycard Business's assessment of your situation and your business. The minimum limit offered on the card is £1,000, while the maximum is £25,000. Once you've had the card for a while and shown Barclaycard Business that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Barclaycard Business Select Cashback Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Barclaycard Business Select Cashback Credit Card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.

The interest rate on this part of your balance will be 27.9%, which is 27% more than the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use the Barclaycard Business Select Cashback Credit Card abroad?

Non-sterling transactions are subject to a 2.99% charge. For example, if you spend 200 euros (£172.65), it'll cost you around £5.16.

What is the minimum payment on the Barclaycard Business Select Cashback Credit Card?

Each month you must pay at least 1% of your balance at that point or £5.00 – whichever of the two figures is greater. So if you had, say, £450.00 outstanding, you'd pay £5.00, and if you had £2,000.00 outstanding, you'd pay £20.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.

Can I get additional Barclaycard Business Select Cashback Credit Cards for my team?

Yes. Barclaycard Business doesn't specify a maximum number of cards you can request. There's no fee for additional cards. Plus, with additional cards, you could earn cashback at a faster rate.

Finder credit card ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score business credit and charge cards to determine their value against similar products on the market. We look at a number of important factors, like the flexibility it offers, any rewards you can earn through company spending, account management tools, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. 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. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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