British Airways American Express® Accelerating Business Card review 2022

Go all-in with travel rewards thanks to this business credit card that earns both Avios and On Business points.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 23.6% (variable) p.a. with a fee of £250 per annum, your representative rate is 99.2% APR (variable).

Up to 56 days

Interest-free each billing period

Up to 30,000 points

Intro bonus

99.2%

Representative APR

£250

Yearly account fee

Details

IssuerAmerican Express
NetworkAmex
Annual/monthly fees£250 per annum
Balance transfers23.6%
Balance transfer fee3%
Purchases23.6%
Purchases interest-free periodUp to 56 days
Cash advances28.6%
Minimum credit limit£1,000
Maximum credit limitNot specified
Additional cards available25
IncentiveEarn 30,000 bonus Avios when you spend £5,000 in the first three months of Cardmembership. Earn 1.5 Avios for every eligible £1 spent on card and 2 On Business Points for every £1 spent with BA on eligible flights. 10,000 bonus Avios for every £20,000 spent (max £60,000 pa) per calendar year.
Additional Rewards InfoAccess to tickets for must-see music, theatre and film events, often before they go on sale to the general public with American Express Experiences. Refund protection - Up to £300 per item if a retailer will not take back an eligible item within 90 days of purchase, max £1K in a 12 month period, £25 excess.
Introductory RewardsEarn 30,000 bonus Avios when you spend £5,000 in the first three months of Cardmembership.

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.

Expert review

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 £250 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 many 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. The 23.6% rate on purchases is pretty standard. 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

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 American Express
  • Earn points on day-to-day spending
  • Up to 30,000 points introductory bonus

Cons

  • £250 annual account fee - only worthwhile for frequent business travellers. The fee is tax deductible and refundable pro-rata if you cancel during the year
  • Extra fee on foreign exchange transactions

How does this card compare with other similar cards on the market?

Table: promoted then other popular deals
Name Product Max. intro bonus Default earn-rate Annual/monthly fees Representative APR Link Incentive Representative example
Capital on Tap Business Credit Card
N/A
1 point per £1 spent
£0
29.9% APR (variable)
Go to site
Earn 1% cashback for every £1 spent. Upgrade to Capital on Tap Business Rewards Card for £99 pa to choose between earning cashback or Avios and receive 10,000 bonus points when you spend £5,000 on your card in your first 3 months.
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
NatWest Business Credit Card (only available to existing business customers)
N/A
N/A
Year 1 - £0, Year 2 onwards - £30 per annum
24.3% APR (variable)
Go to site
Free 'online account servicing' via ClearSpend mobile and desktop app.
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 - £30 per annum, your representative rate is 24.3% APR (variable).
Barclaycard Select Cashback Business Credit Card Mastercard
N/A
1% cashback
£0
21.9% APR (variable)
Go to site
Get 1% cashback uncapped on all your business spend and an additional 2% cashback on all spend with BT and EE. T&C's apply.
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).
Capital on Tap Business Rewards Credit Card
10,000 points
1 point per £1 spent
£99
29.9% APR (variable)
Go to site
Earn points on all card spend. Points can be redeemed for Avios or 1% cashback. 10,000 bonus points when £5,000 is spent on card in first 3 months.
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
RBS Business Credit Card (only available to existing business customers)
N/A
N/A
Year 1 - £0, Year 2 onwards - £30 per annum
24.3% APR (variable)
Go to site
Free 'online account servicing' via ClearSpend mobile and desktop app.
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 - £30 per annum, your representative rate is 24.3% APR (variable).
Allstar Plus ‘All-in-one’ Business Fuel Card
N/A
N/A
£3.99 per card per month
N/A (this product is a charge card).
Go to site
Up to 44 days interest free on purchases (subject to status), savings on fuel at 1,600 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 representative APRs shown represent 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 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" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) 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 28.6% (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 (which is very standard). For example, if you spend 200 euros (£179.13), it'll cost you around £5.36 in fees.

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.

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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.

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