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British Airways American Express Accelerating Business Card review 2021
Go all-in with travel rewards thanks to this business credit card that earns both Avios and On Business points.
You say: ★★★★★We say: ★★★★★
Doing its job: 5/5
In a nutshell:
Up to 56 days
Interest-free each billing period
Balance transfer fee
Yearly account fee
|Annual/monthly fees||£210 per annum|
|Balance transfer fee||0%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£1,000|
|Max credit limit||Not specified|
|Additional cards available||25|
|Incentive||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.|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
As you may have guessed, this card is meant for companies that travel with BA a lot. If you do, it’s probably your best shot at stockpiling points and earning free flights and rewards as quickly as it gets.
The On Business programme is a business frequent flyer scheme and its points are usually way more valuable than Avios points (although it does depend on the rewards you choose). With this card, you’ll earn them on your BA spending at a quicker rate than you normally would. There is a juicy annual bonus you can qualify for if you use the card enough too.
You’ll also earn Avios points (on your personal Avios account) for every £1 you spend on the card, no matter what for. All in all, if you and your colleagues travel often, it won’t take long before you can start enjoying well-deserved free flights, hotel stays and flight upgrades.
However, all these rewards come for a not-so-cheap £210 per annum annual fee. It can totally be worth it, but you’ll have to use the card a lot, so make sure you’ve done your maths before applying.
Finally, unlike the rest of Amex’s business cards, this is an actual credit card, not a charge card, so you can carry a balance on it if you need to – although the 22.2% rate on purchases isn’t especially competitive. But if you do pay off your bill in full every month, your business cash flow will also get the benefit of a 56-day long billing cycle.
Pros and cons
- 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 American Express
- Earn points on day-to-day spending
- £210 annual account fee
- You may be offered an opening credit limit as low as £1,000
How does this card compare with other similar cards on the market?
You can make manual repayments through American Express's app, by logging in to your online banking or over the phone (0800 917 8043). 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 for the British Airways American Express Accelerating Business Card
If you've compared cards and settled on the British Airways American Express Accelerating Business Card, you can head over to American Express's secure online application to apply. Don't forget, you'll need to be over 18 and a UK resident to apply.
Frequently asked questions
What credit limit will I get with the British Airways American Express Accelerating Business Card?
If American Express is able to offer you this deal, the offer will specify a tailored credit limit based on American Express's assessment of your situation and your business. The minimum limit offered on this card is £1,000 and American Express does not specify a maximum. Once you've had the card for a while and shown American Express that you're reliable, you may wish to apply for a credit limit increase.
Can I withdraw cash using the British Airways American Express Accelerating Business 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 British Airways American Express Accelerating Business 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 27.1% (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 British Airways American Express Accelerating Business Card abroad?
Non-sterling transactions are subject to a 2.99% charge. For example, if you spend 200 euros (£180.02), it'll cost you around £5.38.
Can I get additional British Airways American Express Accelerating Business Cards for my team?
Yes, you can request up to 25 more. There's no fee for additional cards. Plus, with additional cards, you could earn avios at a faster rate.