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 Defaqto.<\/p><\/div><\/article>\n<\/div>
Repayment options<\/h3>\n\n\n
You can make manual repayments through Funding Circle's app by logging in to your online banking or over the phone. Alternatively, you may wish to set up a direct debit.<\/p>\n\n
A direct debit protects you from forgetting to make a repayment and either damaging your credit score<\/a>, getting hit with a penalty fee () or losing any promotional rates as a result. <\/p>\n\n\n\n The key features of the Funding Circle Business Cashback Card are outlined below:<\/p> Credit limits of up to \u00a3250,000 – though this will depend on your agreement. This will always be tailored to your business’s circumstances, so make sure you’re aware of this when you apply. <\/p> You won’t be charged any interest if you keep on top of your payments and pay your statement in full each month. Each billing period is 30 days and you’ll then have 12 days to pay your statement in full without accruing any interest. Anything you buy at the start of the billing cycle will have a longer interest-free period, so this might be something you can use to your advantage to improve your cash flow. Make sure you can pay it off though, or interest charges will build up quickly. <\/p> There are no monthly or annual fees on the Funding Circle Business Cashback Card. That’s a big plus and the money saved in fees can instead be reinvested into your business. <\/p> Funding Circle lets you integreate with Xero, Sage and FreeAgent. If you’re using one of those platforms already then you’ll be able to view your credit card spending alongside your other spending and expenses. It’s a useful tool at your disposal and can save you time.<\/p> Many business credit cards will charge you if you’re using your card on foreign purchases. This doesn’t just mean if you’re physically overseas, but even if you buy something from a website based in another country. These fees can sometimes come as a shock. But you can avoid them with a Funding Circle Business Cashback Card because it charges no foreign fees. <\/p> With other credit card providers charging fees around 3% for foreign spending, they can quickly add up. For example, if you spent \u00a31,000 paying a supplier in Europe, that fee would be \u00a330. That’s an instant saving that stays with your business if you have a card that doesn’t charge foreign fees, such as this one.<\/p> Keep in mind that when you’re given the choice of paying in a foreign currency or pounds if you’re using an international website or physically purchasing something overseas, choose the foreign currency. This is Visa’s rate with the Funding Circle Business Cashback Card. If you choose to pay in pounds then you’re choosing to use a rate set by the merchant, which will be in their favour and likely cost you money.<\/p> You can earn 1% cashback on all your card purchases. There is an introductory offer with a higher rate for the first 6 months, but then it’s back to 1%. So if you spend \u00a31,000, you’ll get a tenner back.<\/p> The cashback is uncapped too, so for example if you spent the maximum credit limit of \u00a3250,000, you’d get \u00a32,500 in cashback. Not a bad deal if you can make it work for you. Obviously you’d need to pay that off at end of the statement period or all that cashback will get eaten up in interest.<\/p> If you've compared cards and settled on the Funding Circle Business Cashback Card, you can head over to Funding Circle's secure online application<\/a> to apply. Don't forget, you'll need to be over 18 and a UK resident to apply.<\/p>\n\n \n Features of the Funding Circle Business Cashback Card<\/h3>
High credit limits<\/h4>
Interest-free period of 42 days<\/h4>
No monthly or annual fees<\/h4>
Integrate with Xero, Sage and FreeAgent<\/h4>
No fees on international spending<\/h4>
Cashback on spending<\/h4>
How to apply<\/h3>\n\n\n\n\n
What do customers say about Funding Circle?<\/h3>\n