By: Sandy Kenrick | Updated: 20th November 2020.
It’s tough to beat a Barclaycard when the brand brings out a long list of perks and benefits, and the Barclaycard Premium Plus Business Credit Card is no different. Not only does it offer inclusive travel perks such as the coveted lounge access, but also cash back on qualifying spend. Also, an introductory APR of 0% applies to qualifying purchases in the first six months after signing up. But this card also comes with an enormous price tag. Not only is there a lofty annual fee, but also a significant jump from the purchase APR (after that initial six-month period) to the representative APR.
This is a must-have if you’re a globetrotting company bigwig that simply can’t bear the thought of missing out on lounge access.
While the Barclaycard Premium Plus Business Credit Card is right up there with the best, there are a few elements that deserve a second look.
This is a well-rounded business card, especially for startups and small businesses that meet the qualifying criteria. It provides great travel perks and business rewards that are tough to beat. When compared to other cards in its class, such as the Santander Business Cashback Credit Card, Barclaycard brings out the big guns with its perks. Santander might offer a cheaper premium card with a higher cashback rate but falls a little flat with its other rewards.
Before you apply, it’s important to know that one of the criteria is that your financial commitments aren’t overdue and that your finances have been well-managed for the last 12 months. Additional requirements include:
Simply visit the Barclaycard website and click on the Apply Now icon. It opens up to an information page that ensures that you have all the information on hand to proceed. The online application automatically includes the insurance and those who would prefer not to sign up for the insurance would need to proceed telephonically.
If you own a business with a turnover of more than £10,000 per annum and you happen to travel a lot, this might be a great option for you. While it’s loaded with bells and whistles, the rewards aren’t gimmicky and add actual value. If you can squeeze your eyes shut against the annual fee of £150 and the variable interest rate should you opt to pay the balance over the full period of 12 months, the 0.5% cashback earnings more than make up for it. It’s an all-rounder card that allows additional savings to business-related expenditure such as marketing and finance, thanks to discounts and rewards through partners.