Barclaycard Business Select Credit Card review April 2019

Barclaycard Business (Online) Select Credit Card Mastercard
Barclaycard Business (Online) Select Credit Card Mastercard

Designed for businesses with regular cash flow needs, the Business Select card can help you keep on top of business expenses and manage employee spending (with some decent perks to boot).

If your business turnover or new business plan exceeds £10,000 per year, you can apply for this Barclaycard to help manage a fluctuating cash flow. Although there’s a relatively small annual fee, this is waived in the first year, and it can also be waived in subsequent years subject to a minimum spend.

As long as you clear your balance in full and on time each month, you won’t be charged interest on purchases – the card comes with up to 56 days of 0% interest on sterling transactions (this won’t apply to cash advances however). For businesses whose income depends on timely payment of invoices, this can be a lifeline. Just bear in mind that if you don’t clear your balance in full – say if you only make the minimum required payment one month – you’ll be charged interest on each transaction from the day on which it occurred.

As well as an introductory offer of 6 months’ 0% interest on purchases (handy if you need to spread out the cost of a large upcoming expenditure), this card comes with a respectable selection of perks, such as discounts at Barclaycard’s Business Rewards partners which include Amazon Business, Experian and Booking.com. You can also use your card to secure discounts on event tickets when you spend at Barclaycard Entertainment.

You can request additional cards for any eligible employee, which you’ll be able to manage online with a range of spend controls. The Select card also comes with Cardholder Misuse Insurance. However, as the account holder, you’ll always be responsible for paying the total outstanding balance on the account. You can tell Barclaycard to cancel an additional card at any time.

Key details

IssuerBarclaycard Business
NetworkMastercard
Annual/monthly feesYear 1 - £0, Year 2 onwards - £32 per annum
Purchases0% for 6 months reverting to 19.9%
Purchases interest-free periodUp to 56 days
Cash advances27.9%
Min. credit limit£1,000
Max credit limitSubject to status: £25,000
IncentiveBusiness Rewards - giving a range of discounts and rebates (up to 66% off AA membership, save 20% on B2B marketing sites and access to 99 UK business credit reports for £75, 5% Avis rebate, 15% off Ryman's stationary, up to 15% off with APH, £60 driving credit and first year membership free with Zipcar, first year of FSB registration free, 20% off bPay by Barclaycard device, up to 15% off ecommerce website with cloudBuy, 5% rebate on online advertising spend with Bing, 10% off selected hotel reservations for business trips with booking.com, 4% rebate at over 5,000 hotels and 10,000 restaurants and 1% rebate at petrol stations at selected locations with the USA and Canada with Mastercard, 3% off business flights with flybmi and 25% off first £200 spend at Amazon Business).
Annual/monthly feesYear 1 - £0, Year 2 onwards - £32 per annum
Foreign usage charge (EU)2.99%
Foreign usage charge (rest of world)2.99%
Cash advance fee3% (min. £3)
Late payment fee£12
Duplicate statement fee£3
Exceeding limit fee£12
Additional card fee£32
Replacement card fee£0
Dormancy fee£0
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £32 per annum, your representative rate is 26.4% APR (variable).

How does this deal compare with other business cards?

Comparison ordered by representative APR with affiliated products shown first.
Updated April 24th, 2019
Name Product Purchases Annual/monthly fees Rep. APR Incentive Representative example
0% for 3 months reverting to 24.9%
£0
24.9%
Business Rewards - giving a range of discounts and rebates (up to 66% off AA membership, save 20% on B2B marketing sites and access to 99 UK business credit reports for £75, 5% Avis rebate, 15% off Ryman's stationary, up to 15% off with APH, £60 driving credit and first year membership free with Zipcar, first year of FSB registration free, 20% off bPay by Barclaycard device, up to 15% off ecommerce website with cloudBuy, 5% rebate on online advertising spend with Bing, 10% off selected hotel reservations for business trips with booking.com, 4% rebate at over 5,000 hotels and 10,000 restaurants and 1% rebate at petrol stations at selected locations with the USA and Canada with Mastercard, 3% off business flights with flybmi and 25% off first £200 spend at Amazon Business).
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
0% for 6 months reverting to 19.9%
Year 1 - £0, Year 2 onwards - £32 per annum
26.4%
Business Rewards - giving a range of discounts and rebates (up to 66% off AA membership, save 20% on B2B marketing sites and access to 99 UK business credit reports for £75, 5% Avis rebate, 15% off Ryman's stationary, up to 15% off with APH, £60 driving credit and first year membership free with Zipcar, first year of FSB registration free, 20% off bPay by Barclaycard device, up to 15% off ecommerce website with cloudBuy, 5% rebate on online advertising spend with Bing, 10% off selected hotel reservations for business trips with booking.com, 4% rebate at over 5,000 hotels and 10,000 restaurants and 1% rebate at petrol stations at selected locations with the USA and Canada with Mastercard, 3% off business flights with flybmi and 25% off first £200 spend at Amazon Business).
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £32 per annum, your representative rate is 26.4% APR (variable).
0% for 6 months reverting to 14.9%
£100 per annum
36.2%
Business Rewards - giving a range of discounts and rebates (up to 66% off AA membership, save 20% on B2B marketing sites and access to 99 UK business credit reports for £75, 5% Avis rebate, 15% off Ryman's stationary, up to 15% off with APH, £60 driving credit and first year membership free with Zipcar, first year of FSB registration free, 20% off bPay by Barclaycard device, up to 15% off ecommerce website with cloudBuy, 5% rebate on online advertising spend with Bing, 10% off selected hotel reservations for business trips with booking.com, 4% rebate at over 5,000 hotels and 10,000 restaurants and 1% rebate at petrol stations at selected locations with the USA and Canada with Mastercard, 3% off business flights with flybmi and 25% off first £200 spend at Amazon Business).
Representative example: When you spend £1,200 at a purchase rate of 14.9% (variable) p.a. with a fee of £100 per annum, your representative rate is 36.2% APR (variable).

Compare up to 4 providers

Updated April 24th, 2019
Name Product Purchases Annual/monthly fees Rep. APR Incentive Representative example
N/A (this product is a charge card).
£125 (£0 in first year)
N/A (this product is a charge card).
Earn 20,000 bonus Membership Rewards® points when you spend £3,000 in first 3 months of Card membership. Earn 1 Membership Rewards® point for every £1 spent thereafter.
N/A (this product is a charge card).
£450 p.a.
N/A (this product is a charge card).
Earn 40,000 bonus Membership Rewards® points when you spend £6,000 in first 3 months of Card membership. Earn 1 Membership Rewards® point for every £1 spent thereafter.
39.941%
£0
39.9%
Upgrade to Capital Club (£199 p.a.) to earn reward points redeemable for cashback or Avios. Redeem 1 Avios for every £1 of card spend, or claim 1% cashback. In addition earn 20,000 points bonus when you spend £5,000 in your 1st 3 months.
Representative example: When you spend £1,200 at a purchase rate of 39.941% (variable) p.a., your representative rate is 39.9% APR (variable).
13%
£0
13%
Representative example: When you spend £1,200 at a purchase rate of 13% (variable) p.a., your representative rate is 13% APR (variable).
15.9%
Year 1 - £0, Year 2 onwards - £32 per annum
22%
Identity Theft Assistance helpline and online tool. Liability Waiver for companies who have two or more cardholders. 24 hour customer service support.
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £32 per annum, your representative rate is 22% APR (variable).
16.9%
Year 1 - £0, Year 2 onwards - £28 per annum
22.4%
Receive discounts at participating retailers with the Mastercard Business Savings scheme.
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £28 per annum, your representative rate is 22.4% APR (variable).
17.57%
£32 per annum
22.4%
Representative example: When you spend £1,200 at a purchase rate of 17.57% (variable) p.a. with a fee of £32 per annum, your representative rate is 22.4% APR (variable).
17.57%
£32 per annum
22.4%
Access to Mastercard offers.
Representative example: When you spend £1,200 at a purchase rate of 17.57% (variable) p.a. with a fee of £32 per annum, your representative rate is 22.4% APR (variable).
16.9%
Year 1 - £0, Year 2 onwards - £28 per annum
22.4%
Receive discounts at participating retailers with the Mastercard Business Savings scheme.
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £28 per annum, your representative rate is 22.4% APR (variable).
17.57%
£32 per annum
22.4%
Access to Mastercard benefits.
Representative example: When you spend £1,200 at a purchase rate of 17.57% (variable) p.a. with a fee of £32 per annum, your representative rate is 22.4% APR (variable).

Compare up to 4 providers

Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0800 008 008), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee 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 for the Barclaycard Business Select Credit Card

If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. To help speed up your application, it’s a good idea to have a few key details to hand. You’ll need your business address, trading address (and registered address if different) and company number if you have one. You’ll also be asked for financial information such as your business turnover, net profit before tax and bank details. Finally, Barclaycard will need details of each business partner/owner – including their date of birth and UK residential address history for the past three years.

*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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