Compare business charge cards

Business charge cards can help you manage work expenses, track employee spending and even benefit from rewards and discounts.

Business charge cards offer a range of benefits that could be useful to you and your employees. We take a closer look at how they work and how they compare to business credit cards.
1 - 7 of 7
Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
CASHBACK
Juni Business Card
N/A (this product is a charge card).
£0
1% cashback
N/A (this product is a charge card).
Go to site
Made for ecommerce companies only. Earn 1% cashback on all virtual Juni card spend.
Barclaycard Select Business Charge Card
N/A (this product is a charge card).
£42 per annum
N/A
3.6% APR (variable)
Go to site
American Express Gold Business Card
N/A (this product is a charge card).
Year 1 - £0, Year 2 onwards - £175
1 point per £1 spent
N/A (this product is a charge card).
Go to site
Earn 20,000 Membership Rewards® points when you spend £3,000 in first 3 months of Cardmembership. Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn 10,000 extra Membership Rewards® points when you spend £20,000 per quarter.
American Express Platinum Business Card
N/A (this product is a charge card).
£595 p.a.
1 point per £1 spent
N/A (this product is a charge card).
Go to site
Earn 40,000 Membership Rewards® points when you spend £6,000 in first 3 months of Cardmembership. Earn 1 Membership Rewards® point for every £1 spent thereafter.
Allstar Plus ‘All-in-one’ Business Fuel Card
N/A (this product is a charge card).
£3.99 per card per month
N/A
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.
CASHBACK
Moss Business Credit Card
N/A (this product is a charge card).
€12 a month per active user plus advanced approval policies at €50 a month for the "Essential" plan. Request for individual quotes for the "Professional" plan.
0.4% cashback
N/A (this product is a charge card).
Finder Award
CASHBACK
Jeeves Business card
N/A (this product is a charge card).
£0
N/A
N/A (this product is a charge card).
1–2% cashback on all card spend and 3% cashback on all Facebook, Google, and AWS spend. Eligible customers can earn up to 4% cashback on all card spend with the Jeeves card. Terms apply.
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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.

What are business charge cards and how do they work?

A business charge card offers short-term, interest-free funding. You can use a business charge card in the same way as a credit card, but they tend to offer higher spending limits, making them useful for large purchases.

The balance must then be repaid in full each month – you cannot carry it over from month to month as you can with a credit card. The advantage of this is that there’s no risk of you getting into debt. But this also means your organisation must have the financial stability to clear the balance each billing cycle, which will typically be between 25 and 51 days.

Although there is no interest to pay with a charge card, if you don’t pay off your balance in full each month, you will be charged a fee. This can often be higher than the amount of interest you would be charged on a credit card. Late payments can also have a negative affect on your credit rating.

You can use a charge card to pay for business travel, office supplies and equipment, as well as give your employees their own charge card to pay for work expenses. Some providers even allow you to set different spending limits for each employee, and offer expense tracking tools to help you monitor what your employees are spending where.

Business charge cards can also offer a host of benefits and rewards, including travel insurance and access to airport lounges – particularly useful if you or your employees regularly have to travel abroad for meetings. Others offer reward and discount schemes to help your business save money.

In return, you will usually need to pay a hefty annual fee – often £100 or more.

Business charge cards benefits

There are several benefits to using a business charge card, including:

  • No risk of getting into debt
  • Rewards and benefits often included
  • High spending limit
  • No interest to pay
  • Can help businesses monitor employee spending

Business charge cards drawbacks

Of course, there are also a number of drawbacks that you’ll need to consider if you’re thinking of applying for a business charge card. These include:

  • Annual fees can be high
  • You must repay the balance in full each month
  • High late-payment fees
  • Not accepted everywhere
  • No Section 75 purchase protection

Charge cards vs business credit cards

Although business charge cards work in a similar way to business credit cards, there are some important differences.

For a start, there is no line of revolving credit with a charge card. You must pay off your balance in full each month and no interest will be charged as a result.

With a credit card, you can carry over the balance from month to month, making it a more flexible option. Credit cards enable you to choose how much you want to repay each month, provided it is at least the minimum monthly amount printed on your statement. If you don’t pay off the amount in full, interest will usually be charged on the remaining balance, unless you have taken advantage of a 0% deal.

Unlike charge cards, credit cards also come with a credit limit, which is effectively a limit on the amount you can spend. This will be based on your credit score and income and can vary between a few hundred to a few thousand pounds.

Another key difference is that credit cards offer purchase protection under Section 75 of the Consumer Credit Act. This means that if you buy something costing between £100 and £30,000 and something goes wrong, your credit card provider is jointly liable with the retailer and you should get your money back.

Charge cards do not offer this protection. In some cases, your provider may offer purchase protection insurance instead, but cover limits are likely to be much lower and you will usually have to pay an excess to claim. You will also typically only be covered for theft and accidental damage.

It’s important to weigh up these differences when deciding whether a charge card or credit card would be better for your business.

Frequently asked questions

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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