Made for ecommerce companies, Juni aims to act as a “financial companion” for your day-to-day business spending.
Juni Business Card review
- Earn rate
- 1p per £1 spent
- Account fee
- £0
- Minimum credit limit
- £10,000
Our verdict
Financial platform Juni has launched its first virtual business charge card in the UK with issuer PayrNet, offering up to 1% cashback on all your eligible spend and custom credit limits.Challenger financial platform Juni has partnered by issuer PayrNet and is going head to head with market leaders Capital on Tap and American Express with its brand new virtual cashback business charge card, but what makes Juni stand out?
Aimed at helping your company boost your revenue growth with your everyday business spending, this made-to-measure charge card offers multiple benefits for businesses working in the online marketing space. The card comes with very few fees and you can also benefit from up to 1% cashback on all eligible card spend.
The Juni Business card offers some nifty features if you are planning on using the card to pay for online ads. With the option of daily scalable credit limits (up to £250,000), you could use this to increase your ad spend to "boost your ROAS". Juni is also offering instant credit "based on your balances with networks, processors and accounts you've integrated" with your Juni account.
That all sounds great, but what’s the catch? The Juni Business card has just launched commercially after having a year in beta, so there could be a few hiccups still left to iron out. Another main drawback is that the card is tailored to companies that make use of digital marketing and although the card is available to all UK-based businesses (depending on eligibility), other business credit cards, like the Capital on Tap Business Rewards credit card might be more worthwhile.
Pros
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Earn cashback on all eligible business spending
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No annual fee
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Keep track of ad spend
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You can integrate your Juni card with Google Ads
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No FX fees
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You can choose the currency of the card
Cons
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As the Juni card is a charge card, you are expected to repay the card in full each month, otherwise you could face a fee
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Juni does not charge fees but its partner banks do
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Businesses with a smaller ad spend might not be eligible
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Trustpilot reviews complain about sudden account closures
Details
Product details
| Annual/monthly fees | £0 |
| Cash advance fee | £0 |
| Late payment fee | £12 for the first time payment is late and £40 thereafter |
| Additional card fee | £0 |
| Additional card fee note | 3 additional physical cards and as many free virtual cards as you need |
The Juni Business Card (only for ecommerce companies) is issued on the Visa network (used by a whopping 4.2 billion cards), so you'll be able to use it at more than 100 million merchant locations across more than 200 countries and territories.
Who is Juni?
Juni is a Swedish startup with an online lending platform (not a bank) developed for “made for online advertising”. Founded by Anders Oresedal and Samir E-Sabini in 2020, Juni’s aim is to act as a “financial companion” to companies in the online marketing space.
With the recent announcement that Juni’s Series A funding was extended to $73 million, it’s no surprise that it has quickly turned around a virtual credit product to shake up the current credit card market.
What is the Juni card and how it works
The Juni Business card is a virtual charge card made for ecommerce and issued by PayrNet (a subsidiary of Railsr). Just like any other cashback business charge cards, you can use it for your day-to-day business spending or larger campaigns, but with an additional perk of earning cashback. However unlike traditional business credit cards, Juni has created this card with ecommerce in mind, allowing for high spend limits and relaxed repayment terms to “unlock revenue growth by funding large ad campaigns to reach bigger audiences and boost ROAS.” (Juni) You will also be expected to repay your card in full each month, otherwise you could face a fee.
Features
- Cashback on all eligible card spend. One of the main highlights of this new digital card is the chance to earn cashback on all eligible spend (subject to T&Cs). With the option for unlimited additional virtual cards for your employees and a maximum daily spend of £250,000, depending on your status, you can make use of the ultimate benefits of this cashback offer, if used correctly.
- Physical and virtual cards. You can request up to 3 additional physical cards and unlimited free virtual cards at no extra cost.
- Your choice of currency. Juni offers cards in EUR, GBP and USD, so you can choose the currency that suits you and your business’s needs.
- High spend limits. Depending on your business’s eligibility, you can benefit from the custom or unlimited daily spend limits (up to £250,000).
- Integration with Google Ads. You can integrate your Juni Business card with your Google Ads account.
- Smart Liquidity Boost. Currently under development, Juni is offering instant credit based on the accounts you integrate with them.
- 37 to 60-day repayment terms. Depending on your eligibility, you could increase your repayment terms up to 60 days. But, remember late repayments may come with a cost.
Juni customer reviews
Customers who took part in Finder’s 2023 customer satisfaction survey were overwhelmingly positive about Juni, with many highlighting its “helpful” customer service, easy to use app and competitive rates.
One customer said: “It’s a great banking service that helps me with my business finances”
Capital on Tap scored of 5 out of 5 for customer satisfaction. 85% of customers would recommend the brand to a friend.
| Trustpilot | Apple App Store | Google Play |
|---|---|---|
|
★★★★★ 4.4 out of 5 |
★★★★★ 5 out of 5 |
★★★★★ 2.4 out of 5 |
Verdict
Challenger credit cards and charge cards are emerging at an exhilarating rate and it was about time that a digital business card was brought to the market. With a unique focus on ecommerce, the Juni Business card might be an innovative option for those companies that have plans for large ad campaigns and would be interested in integrating their networks, processors and accounts all in one place. However, if you’re looking for a business credit card with rewards and a reduced focus on online marketing, American Express and Capital on Tap offer some great business credit card and charge card options too.
If you’re thinking about getting a business credit card and aren’t sure which one to pick, take a look at our business credit card comparison page.
Repayment options
As the Juni Business card is a charge card, you are expected to repay the full amount each month. You can make manual repayments through your Juni account. 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 for the first time payment is late and £40 thereafter) or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the card.
Juni does not charge interest if you pay the balance in full by each payment due date, but be careful, your business may be charged if you carry over a balance. Juni does charge a late repayment fee of £12 for the first time payment is late and £40 thereafter and states that interest will be applied to the “outstanding balance (in addition to late payment fees)”. This interest will be calculated on a daily basis.
How to apply
You can apply for the Juni Business card directly through the Juni website.
How does it compare?
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Customer support
For any queries, you can contact customer support by filling out an online form or using the live chat which can both be found on the Juni website.
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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