In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
  • Frequently asked questions
  • Your reviews
Funding Circle FlexiPay Business Credit Card
4.0
★★★★★
Finder score
Representative example:
When you spend £1,200 with a fee of 4.9%, your representative rate is 33.4% APR.
Earn rate
1.25p per £1 spent
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.

With 1.25% 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

  • Earn cashback on all business purchases
  • 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 earn cashback on all your business expenses with interest-free credit, as long as you repay your debts in full and on time.

Details

Product overview

Representative APR 33.4%
Annual/monthly fees £0
Purchases Flat fee per transaction
Minimum credit limit £1,000
Maximum credit limit Subject to status: £250,000
Incentive
Get 1.25% cashback on all card spend with Flexipay for the first 3 months. Terms apply. Always 0% interest, no annual or set up fees, one flat fee per transaction from 3.9%.
Potential costs 5.0 ★★★★★
Doing its job 3.0 ★★★★★
Extras 5.0 ★★★★★
Overall Finder score 4.0 ★★★★★

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 Finder score Purchases Annual / Monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
CASHBACK
Funding Circle FlexiPay Business Credit Card
4.0
★★★★★
Flat fee per transaction
£0
1.25% cashback
33.4% APR (variable)
Card details
Get 1.25% cashback on all card spend with Flexipay for the first 3 months. Terms apply. Always 0% interest, no annual or set up fees, one flat fee per transaction from 3.9%.
Representative example: When you spend £1,200 with a fee of 4.9%, your representative rate is 33.4% APR.
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Table: promoted then other popular deals
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Finder Award
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Representative example: When you spend £1,200 at a purchase rate of 35.15% (variable) p.a., your representative rate is 35.2% APR (variable).
Barclaycard Payments Select Cashback Business Credit Card
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*Get 1% uncapped cashback on all your business spend. T&Cs apply.
Representative example: When you spend £1,200 at a purchase rate of 27.5% (variable) p.a., your representative rate is 27.5% APR (variable).
Finder Award
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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). Optional upgrade to Business Rewards (£99 per year).
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Access exclusive offers through Barclaycard business rewards. Including, but not limited to, exclusive pre-sale tickets plus discounts on hotel bookings, dining out and car hire. Terms apply.
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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 is provided by Moneyfacts.

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