Cashplus Business Credit Card review 2021

Cashplus isn’t taking any new applications for its business credit card at the moment, but you can use this page to compare your options.

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Representative example: When you spend £1,200 at a purchase rate of 29.94% (variable) p.a., your representative rate is 29.9% APR (variable).

Up to 56 days

Interest-free each billing period


Representative APR


Account fee


Minimum credit limit


IssuerAPS Financial Ltd
Annual/monthly fees£0
Purchases interest-free periodUp to 56 days
Cash advances39.94%
Min credit limit£100
Max credit limitSubject to status: £3,000

Review by

Chris Lilly is a publisher at 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.

Expert review

If you’re a Cashplus business customer and have received an invitation for its business credit card, you may be wondering how it scores against the competition.

This is a solid, straightforward business credit card that will do the job just fine, although without giving you any extra perks or rewards. If your business relies heavily on invoices and you need some flexibility to better manage your monthly budget, it may be a good choice.

The rate on purchases is less than competitive, so you really want to avoid carring a balance from month to month. Provided that you don’t, you’ll enjoy up to 56 days of 0% interest on your purchases each billing cycle, which is longer than the average.

In the world of business credit cards, the lack of annual fee is quite uncommon and means that if you use this card responsibly you can get monthly credit completely for free, which somewhat makes up for the lack of juicy perks.

As this card is on the Mastercard network it’s accepted in more than 40 million locations worldwide. You’ll also be able to enjoy access to Priceless Cities experiences.

The Cashplus Business Credit Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.

American Express Gold Business Card

American Express® Business Gold Card

  • 20,000 bonus Membership Rewards® points if you spend £3,000 in the first 3 months
  • Earn 1 Membership Rewards point for every £1 spent, plus earn an extra 10,000 points when you spend £20,000 every quarter
  • Over £600 off at essential business retailers
  • No annual fee in the first year*
*Terms apply. Annual fee £175 (£0 first year)

Pros and cons


  • Up to 56 days to spread the cost of purchases (provided you pay off your balance in full each month)
  • No annual fee


  • A relatively high interest rate on purchases
  • Applicants with low credit scores are unlikely to be eligible
  • You may be offered an opening credit limit as low as £100

How does it compare?

Cashplus's card

Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
Cashplus Business Credit Card Mastercard
29.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 29.94% (variable) p.a., your representative rate is 29.9% APR (variable).

Compare up to 4 providers

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Year 2 onwards - £3.99 per card per month
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£99 p.a.
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Earn 1 point for every £1 spent. 1 points can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
Representative example: When you spend £1,200 at a purchase rate of 39.41% (variable) p.a., your representative rate is 39.9% APR (variable).
Amazon Business American Express Card
£50 per annum (first year waived – limited offer)
1.5 points per £1 spent with selected partners
1 point per £2 spent elsewhere
32.6% APR (variable)
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Earn 1.5% Amazon Rewards on the first £120,000 in purchases each calendar year, 1% thereafter at, Amazon Business UK and Whole Foods Market UK, or 60 day extended payment terms on such purchases. Earn 0.5% Amazon Rewards on all other purchases.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £50 per annum, your representative rate is 32.6% APR (variable).
Barclaycard Business Select Cashback Credit Card
1% cashback
21.9% APR (variable)
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Earn 1% cashback on eligible spend. T&Cs 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).

Compare up to 4 providers

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 Cashplus's app, by logging in to your online banking or over the phone (0330 024 0924). 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

Unfortunately, as of February 2019 the Cashplus Business Credit Card is only available to customers who have received an invitation code from Cashplus, either via email or letter. If you have, the online application process should only take a few minutes.

In order to apply successfully, you must be at least 18 and a UK resident. Your business needs to be registered with Companies House and must not have recently received any CCJs (County Court Judgements).

Once you've completed the form, Cashplus will give you an answer immediately.

Frequently asked questions

What credit limit will I get with the Cashplus Business Credit Card?

If Cashplus is able to offer you this deal, the offer will specify a tailored credit limit based on Cashplus's assessment of your situation and your business. The minimum limit offered on the card is £100, while the maximum is £3,000. Once you've had the card for a while and shown Cashplus that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Cashplus Business Credit 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 Cashplus Business Credit 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 39.94%, which is 34% more than the standard purchases rate (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 Cashplus Business Credit Card abroad?

Non-sterling transactions are subject to a 2.99% charge. For example, if you spend 200 euros (£171.12), it'll cost you around £5.12.

What is the minimum payment on the Cashplus Business Credit Card?

Each month you must pay at least 5% of your balance at that point or £10.00 – whichever of the two figures is greater. So if you had, say, £190.00 outstanding, you'd pay £10.00, and if you had £800.00 outstanding, you'd pay £40.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.

Can I get additional Cashplus Business Credit Cards for my team?

Yes. Cashplus doesn't specify a maximum number of cards you can request. There's no fee for additional cards.

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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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