Cashplus Business Credit Card review 2022

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.

  • No annual fee.
  • Interest rates are quite high – you should always clear your balance in full.
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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%
Minimum credit limit£100
Maximum credit limitSubject to status: £3,000
Potential costs★★★★★
Doing its job★★★★★
Overall Finder rating★★★★★

Review by

Chris Lilly is a publisher at 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

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 carrying 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.

Capital on Tap Business Credit Card

Capital on Tap Business Credit Card

  • Get up to £150,000 to grow your business.
  • Earn 1% cashback for every £1 spent.
  • Enjoy up to 56 days interest-free on purchases.
  • No application fees or non-sterling transaction fees.

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).


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

1 - 1 of 1
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

Other popular business cards

Table: promoted then other popular deals
Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
Capital on Tap Business Credit Card
1 point per £1 spent
29.9% APR (variable)
Go to site
Earn 1% cashback for every eligible £1 spent. Terms apply. 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).
Barclaycard Select Cashback Business Credit Card Mastercard
1% cashback
21.9% APR (variable)
Go to site
Limited time offer: Get 3% cashback on business travel spend for the first 4 months and 1% cashback on all other business spend. Apply before 31/08/2022. Cashback and Promotional Cashback T&Cs and eligibility criteria 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).
Juni Business Card (only available to ecommerce companies)
N/A (this product is a charge card).
1% cashback
N/A (this product is a charge card).
Go to site
Made for ecommerce companies only. Earn up to 1% cashback on all eligible Juni card spend.
NatWest Business Credit Card (only available to existing business customers)
Year 1 - £0, Year 2 onwards - £30 per annum
24.3% APR (variable)
Go to site
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).

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 purchase 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 (which is very standard). For example, if you spend 200 euros (£169.00), it'll cost you around £5.05 in fees.

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 2 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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