In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
  • Frequently asked questions
  • Your reviews
Funding Circle FlexiPay Business Credit Card
3.9
★★★★★
Finder score
Representative example:
If you spend £1,200 with a fee of 4.9%, your representative rate is 33.4% APR.
Account fee
£0
Minimum credit limit
£1,000

Our verdict

Funding Circle is making its debut into the business credit card market with its brand new credit card. Here’s what we know so far.

We chose the Funding Circle FlexiPay Business Credit Card as our top pick for a low rate business credit card, as it has no annual fee and a slightly lower APR than some other business cards - instead charging a flat fee for each transaction.

With cashback for the first 3 months and the option to spread the cost of your purchases over 3 months, FlexiPay is living up to it's name.

FlexiPay can be used in 2 different ways. You can make everyday business purchases such as buying equipment and stock, both online or in-store or you can transfer funds from FlexiPay into your business bank account to cover any expenses. Though, you can't use FlexiPay to withdraw cash from an ATM.

Card transactions are grouped together in a monthly balance, which you can then pay over the course of months in 3 equal instalments, making paying back expenses flexible. If your monthly balance is under £100, it be rolled over to the next month.

However, you'll be charged a flat fee for every transaction you make with this card. The fee ranges from 3.9% to 5.9% depending on the assessment Funding Circle make when you apply.

Pros

  • No annual or set up fees
  • Manage and track business expenses in one place
  • Pay off balance over 3 months

Cons

  • You'll be charged a flat fee for every transaction

In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
  • Frequently asked questions
  • Your reviews

If approved, you could spread your business costs with FlexiPay, as long as you repay your debts in full and on time.

Details

Product overview

Issuer Monavate Ltd
Representative APR 33.4%
Annual/monthly fees £0
Purchases 0% interest, flat fee per transaction
Minimum credit limit £1,000
Maximum credit limit Subject to status: £250,000
Incentive
0% interest, no annual fees, spread payments over 1, 3, 6, 9 or 12 months.
Potential costs 3.7 ★★★★★
Doing its job 3.8 ★★★★★
Extras 5.0 ★★★★★
Overall Finder Score 3.9 ★★★★★

Fees and charges

Minimum monthly payment Full outstanding balance or 3 equal monthly instalments for a flat fee.
Annual/monthly fees £0
Late payment fee £0

Who is Funding Circle?

Co-founded in 2010 by James Meekings, Andrew Mullinger and Desai, Funding Circle is a well-known business loans provider.

Now Funding Circle has released its first business credit card, FlexiPay.

What is the Funding Circle Business Credit Card?

FlexiPay is a business credit card which allows SMEs to spread the cost of purchases over 3 months at 0% interest for a flat fee, as well as keep track of expenses through the app.

How does the Funding Circle Business Credit Card work?

If your application is successful, you’ll receive a line of credit between £1,000 and £250,000 (subject to status). Purchases are grouped together in a monthly balance, which you can repay over 3 months in 3 equal instalments for a fixed flat fee. If your card balance is under £100 it will roll over to the next month.

How to apply

Your business must be a limited company to be eligible for the Funding Circle FlexiPay Business Credit Card.

You can apply via Funding Circle’s website using its online form. You’ll need to fill in some information about your business. Funding Circle doesn’t currently state how long it’ll take for a decision to be made on your application, though if you are approved you will receive your card within 10 working days.

To apply for the card, you will need to provide:

  • Company type
  • Business name
  • An email
  • Company turnover
  • Years trading

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

How does it compare?

Funding Circle's card

1 - 1 of 1
Name Product UKCCF Finder Score Purchases Annual / Monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
Funding Circle FlexiPay Business Credit Card
3.9
★★★★★
0% interest, flat fee per transaction
£0
N/A
33.4% APR (variable)
Go to siteCard details
0% interest, no annual fees, spread payments over 1, 3, 6, 9 or 12 months.
Representative example: If you spend £1,200 with a fee of 4.9%, your representative rate is 33.4% APR.
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Other popular business cards

Table: promoted then other popular deals
1 - 20 of 33
Name Product UKCCF Finder Score Purchases Annual / Monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
CASHBACK
Funding Circle Business Cashback Card
4.2
★★★★★
34.9%
£0
1% uncapped cashback*
34.9% APR (variable)
Go to siteCard details
Earn 2% cashback up to £2000 for 6 months, 1% after that. T&Cs apply.
Representative Example: The standard interest rate on purchases is 34.9% pa. (variable), so if you borrow £1,200 the Representative APR will be 34.9% APR (variable)
Finder Award
CASHBACK
Capital on Tap Business Credit Card
4.2
★★★★★
36.19%
£0
1 point per £1 spent
36.19% APR (variable)
Go to siteCard details
Earn 1 point for every £1 of card spend. Redeem 1 point for 1p (1% cashback)
Representative example: When you spend £1,200 at a purchase rate of 36.19% (variable) p.a., your representative rate is 36.19% APR (variable).
Funding Circle FlexiPay Business Credit Card
3.9
★★★★★
0% interest, flat fee per transaction
£0
N/A
33.4% APR (variable)
Go to siteCard details
0% interest, no annual fees, spread payments over 1, 3, 6, 9 or 12 months.
Representative example: If you spend £1,200 with a fee of 4.9%, your representative rate is 33.4% APR.
CASHBACK
Moss Business Cashback Card
3.5
★★★★★
N/A (this product is a charge card).
Subject to plan
2% cashback
N/A (this product is a charge card).
Go to siteCard details
2% cashback for eligible customers, capped at the platform fee.
CASHBACK
Barclaycard Payments Select Cashback Business Credit Card
3.7
★★★★★
27.1%
£0
1% cashback uncapped*
27.1% APR (variable)
Go to siteCard details
Get 1% cashback uncapped on all your business spend when you spend at least £2,000 per statement month. T&Cs apply*
Representative example: When you spend £1,200 at a purchase rate of 27.1% (variable) p.a., your representative rate is 27.1% APR (variable).
Finder Award
CASHBACK
Capital on Tap Business Rewards Credit Card
4.2
★★★★★
36.19%
£99 per annum
1 point per £1 spent
59.15% APR (variable)
Go to siteCard details
Representative example: When you spend £1,200 at a purchase rate of 36.19% (variable) p.a., your representative rate is 59.15% APR (variable). Optional upgrade to Business Rewards (£99 per year).
Barclaycard Select Charge Card
3.9
★★★★★
N/A (this product is a charge card).
£42 per annum
N/A
3.6% APR (variable)
Go to siteCard details
Control spend and manage business expenses. Access to business rewards with discounts and offers from leading retailers and suppliers. T&Cs apply.
Finder Award
OFFER
American Express Business Gold Card
3.8
★★★★★
N/A (this product is a charge card).
Year 1 - £0, Year 2 onwards - £195
1 points per £1 spent
N/A (this product is a charge card).
Go to siteCard details
Get up to 40,000 Membership Rewards® points by earning 4 points per £1 in the first 3 months. Offer ends 22 October 2024. No minimum spend required. Terms apply.
British Airways American Express® Accelerating Business Card
3.8
★★★★★
28.2%
£250 per annum
1.5 Avios per £1 spent
107.8% APR (variable)
Go to siteCard details
Earn 30,000 bonus Avios points when you spend £5,000 in first 3 months of Cardmembership. Terms apply.
Representative example: When you spend £1,200 at a purchase rate of 28.2% (variable) p.a. with a fee of £250 per annum, your representative rate is 107.8% APR (variable).
Finder Award
OFFER
American Express Business Platinum Card
3.8
★★★★★
N/A (this product is a charge card).
£650
1 points per £1 spent
N/A (this product is a charge card).
Go to siteCard details
Get up to 80,000 Membership Rewards® points by earning 8 points per £1 in the first 3 months. Offer ends 22 October 2024. No minimum spend required. Terms apply.
Barclaycard Premium Plus Credit Card
3.9
★★★★★
0% for 6 months reverting to 19.9%
£150 per annum
0.5% cashback uncapped*
56.4% APR (variable)
Go to siteCard details
*Get 0.5% cashback on your business spend up to £400 per year and benefits for using your card for day-to-day business and travel. £150 a year. T&Cs apply.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a. with a fee of £150 per annum, your representative rate is 56.4% APR (variable).
The Co-Operative Bank Business Credit Card (existing customers only)
Not yet rated
15.9%
£24
N/A
21.8% APR (variable)
Go to siteCard details
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £24 per annum, your representative rate is 21.8% APR (variable).

The Co-Operative Bank Business Charge Card (existing customers only)
Not yet rated
N/A (this product is a charge card).
£0 for the first 6 months, then £2 per card per month
N/A
N/A (this product is a charge card).
Go to siteCard details
CASHBACK
Juni Business Card (only for ecommerce companies)
4.0
★★★★★
N/A (this product is a charge card).
£0
1% cashback
N/A (this product is a charge card).
Card details
Made for ecommerce companies only. Earn 2% cashback for your first 30 days, up to 1% thereafter on all eligible Juni card spend.
AIB Visa Business Card
4.1
★★★★★
N/A (this product is a charge card).
£15 per annum, plus £10 joining fee
N/A
N/A (this product is a charge card).
Card details
Representative 4.0% APR (variable). £15 annual fee per card, and a £10 joining fee.
AIB Visa Business Gold Card
3.0
★★★★★
N/A (this product is a charge card).
£50 per annum, plus £25 joining fee
N/A
N/A (this product is a charge card).
Card details
Representative 4.0% APR (variable). £50 annual fee per card, and a £25 joining fee.
Allstar Plus ‘All-in-one’ Business Fuel Card
4.0
★★★★★
N/A (this product is a charge card).
£3.99 per card per month
N/A
N/A (this product is a charge card).
Card details
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 Service, Maintenance & Repair at selected merchants (Arnold Clark, IMO Car Wash, National Tyres, Halfords).
Metro Bank Business credit card (only available to existing business customers)
4.0
★★★★★
17.44%
£0
N/A
18.9% APR (variable)
Card details
Representative example: When you spend £1,200 at a purchase rate of 17.44% (variable) p.a., your representative rate is 18.9% APR (variable).
Payhawk Corporate Visa Card
4.2
★★★★★
N/A (this product is a charge card).
Subject to subscription
1% cashback
N/A (this product is a charge card).
Card details
Earn up to 1% cashback on all eligible card spend up to the amount of your subscription.
HSBC Commercial Credit Card Visa
4.0
★★★★★
15.9%
Year 1 - £0, Year 2 onwards - £32 per annum
N/A
22% APR (variable)
Card details
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).
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Approval for any credit card depends 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. Most of the data in Finder's comparison tables is provided by Moneyfacts.

Finder credit card scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

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.

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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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