Best business credit cards for startups
Find a credit card that's best tailored to the demands of your new business.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
If you own a startup and are looking for a new business credit card, you’ll want one that can help you manage your cash flow, while offering a low rate if you need to sometimes carry a balance. You might even want a card that lets you earn rewards on your spending.
Most importantly, you want to spend as little time as possible managing your credit card – you’re busy enough running your business. Although we can’t guarantee you’ll get all that, we do have a few suggestions on how to find a suitable credit card.
How to choose the best business credit card for startups
This will depend on the type of business you run and what you want to use your card for. If you think you might carry a balance on the card from time to time, you’ll want to look for a card that offers a competitive interest rate.
Alternatively, if you know you can clear your balance in full each month, but you’re likely to use the card often, you may want to seek out a business credit card that offers great rewards.
Overall, you’ll need to work out which features are the most important to you and look for the most suitable card. Here’s a list of features you may want to consider while comparing products:
- Annual fee. This is the annual cost of your credit card, no matter how much you use it. You’ll have to include it in your budget, so it’s a core factor to look at. For example, British Airways Accelerating Business Card charges a £250 annual fee.
- Interest rate on purchases. If you’re positive you’ll pay your credit card bill in full every month, this is a secondary concern. But if you can’t, the interest rate is important because it tells you how much borrowing money with the card will cost your startup. Typically the interest rate will be above 20% annually
- Facilities. Can the card be managed online or from your smartphone? Is the app good? Can you connect it to your accounting software? This is of utmost importance if you own a startup because it can save you a considerable amount of time.
- Rewards. These are for startups that plan to spend quite a lot on the credit card.
- Additional cards. If you’re planning to give a card to other people in your team, don’t forget to check how much it’s going to cost you.
- Foreign transaction fees. If you travel often for business purposes, you want a credit card with no foreign transaction fees. Most business cards charge 3% of every transaction, which can easily amount to a small fortune in fees if you’re not careful. The Capital on Tap Credit Card is a popular choice for startups that frequently spend in other currencies.
Capital on Tap Business Credit Card
- Get up to £250,000 to grow your business.
- Earn 1% cashback for every £1 spent.
- Enjoy up to 56 days interest-free on purchases.
- No application fees or non-sterling transaction fees.
Representative example: When you spend £1,200 at a purchase rate of 35.15% (variable) p.a., your representative rate is 35.15% APR (variable).
Frequently asked questions
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