Compare Our Top Picks for Business Credit Cards for Startups 2022

A business credit card can be helpful for new businesses just starting to build credit. The best card for your startup will depend on your business needs and objectives, but this page will show you our list of top-rated startup business cards to help you make the best choice for your company.

Great for businesses that want to max out travel rewards

British Airways American Express Accelerating Business Card *

British Airways American Express Accelerating Business Card *

A good Credit Score is Required

Apply Now On American Express’s secure website
Rewards
  • 1.5 Avios per every £1 of eligible everyday spending
  • Tiered Avios annual bonus: earn up to 30,000 bonus Avios each year. For every £20,000 spent on the card, receive 10,000 bonus Avios, up to 3 times each calendar year
  • Earn 2 On Business Points for every eligible £1 spent on British Airways flights
Annual Fee £250
Representative APR 98.1%
Introductory Offer

30,000 Avios when you spend £5,000 in 3 months

  • Pros & Cons
  • Highlights
  • Representative Example

Pros

  • Multiple ways to earn rewards
  • High Avios earnings rate
  • Uncapped points earning

Cons

  • High annual fee
  • New cardholders can earn 30,000 bonus Avios when they spend £5,000 in the first 3 months (subject to approval, T&Cs apply)
  • Tiered Avios annual bonus: in addition, earn up to 30,000 bonus Avios Points each year. For every £20,000 spent on the card, receive 10,000 bonus Avios, up to 3 times each calendar year
  • 2 On Business Points for every £1 of eligible spend with British Airways
  • 1.5 Avios for every £1 of eligible everyday spending
  • No cap on points earned
  • Travel accident and travel inconvenience insurance (subject to enrolment)
  • Refund and purchase protection

REPRESENTATIVE EXAMPLE

Representative APR 98.1% APR variable
Annual fee £250
Credit Limit Assumed credit limit of £1,200
Purchase Rate 22.9% variable for purchases

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Great for businesses who need flexible funding

Capital On Tap Business Credit Card *

Capital On Tap Business Credit Card *

A good Credit Score is Required

Apply Now On Capital On Tap’s secure website
Rewards

1% cashback or 1 Avios for every £1 of card spend

Annual Fee †Free (or upgrade to Business Rewards for £99)
Representative APR 29.9%
Introductory Offer

Choose Business Rewards (£99 annual fee) and receive a welcome award of 10,000 bonus points (worth £100 or 10,000 Avios) when you spend £5,000 in the first 3 months

  • Pros & Cons
  • Highlights
  • Representative Example

Pros

  • Uncapped 1% cashback
  • No forex or UK ATM charges
  • Unlimited free cards for your company

Cons

  • Only limited companies and LLPs are eligible
  • Annual fee for Business Rewards (standard card is free)
  • 1% cashback or 1 Avios for every £1 of card spend
  • Welcome award of 10,000 bonus points or 10,000 Avios when you spend £5,000 in the first 3 months
  • Ability to make fee-free cash transfers to your bank account
  • Credit limits up to £150,000
  • No foreign exchange or ATM withdrawals fees
  • Unlimited free cards for your company
  • Up to 56 days interest free on card purchases 
  • Integrates with your accounting tools 
  • Apply and get a decision in minutes – applying doesn’t impact your credit score 
  • Available to limited companies and limited liability partnerships

REPRESENTATIVE EXAMPLE

Representative 29.9% APR (variable)
Purchase rate 29.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee Free (or £99†)

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Great for businesses that want to earn cashback

Barclaycard Select Cashback Business Credit Card *

Barclaycard Select Cashback Business Credit Card *

A good Credit Score is Required

Apply Now On Barclaycard’s secure website
Rewards

1% uncapped cashback on all eligible business spend

Annual Fee £0
Representative APR 21.9%
Introductory Offer

New Select Cashback Credit Card customers can earn 3% cashback on business travel spend for the first 4 months on book (reverts to 1% thereafter). Apply by 31 August 2022 to qualify. Cashback is paid into the cardholder’s account in March 2023, and applies to: 

  • Car and van hire
  • Car and van fuel 
  • Electric vehicle charging
  • Hotel and accommodation bookings
  • Air/ Rail / Road (taxis, bus, coach) spend 
  • Foreign spend (FX) 

T&Cs and exclusion apply

  • Pros & Cons
  • Highlights
  • Representative Example

Pros

  • 1% uncapped cashback on eligible spend
  • Free accounting software with FreshBooks
  • No annual fee

Cons

  • No introductory bonus
  • High non-sterling costs
  • Up to 56 days interest-free credit on purchases when paid in full & on time
  • Comes with insurance benefits

REPRESENTATIVE EXAMPLE

Representative 21.9% APR (variable)
Purchase rate 21.9% p.a. (variable)
Assumed credit limit £1,200
Annual fee £0

The approval of your application depends on financial circumstances and borrowing history, so do the terms you may be offered. T&Cs apply.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Advantages of business credit cards for startups

There are several benefits of having a business credit card if you’re just getting started with your small business:

1. Build business credit

A business credit card for startups can build business credit if payments are paid on time and handled responsibly. Having business credit can widen your loan options and allow for better interest rates in the future.

2. Keep business and personal finances separate

It can be beneficial to keep your business and personal finances separate to make managing your expenses easier. With business credit cards, typically multiple members of your staff can have sub-accounts on the card, so you can track individual usage or set individual limits.

3. Manage cash flow

Cash flow is especially important to a new business. A startup business credit card can offer a low rate if you need to carry a balance and help even out your cash flow if you’re having a less-than-ideal month.

What is the best business credit card for startups?

Unfortunately, there isn’t one “best” business credit card for startups. The best startup card for you may be totally wrong for someone else. It’s all dependent on your type of small business, your business goals, and how you plan to use the card.

Here are a few features to consider when determining the best startup credit card for you:

  • Annual fee – this is the yearly cost of the credit card. Whether you use it or not, annual fees are required payments if the card has them, so it’s important to factor into the overall cost of the card.
  • Multiple cards – some cards charge you for adding additional employees onto the account. Be sure to check that if you’re planning on sharing the card.
  • Interest rate – think of this rate as the cost of borrowing money with a credit card. Interest rate is important to consider because if you don’t make your payments on time, your startup is responsible for paying the extra interest.   
  • Rewards – these are additional benefits you get for using the card. If a startup plans to spend a good amount on a card, rewards can be a great bonus to look out for.
  • Intro offers – some cards will offer benefits for signing up as a new cardholder. For startups getting their first credit card, this could be a great bonus benefit.

To see more options, check out our full list of featured business credit cards in the UK to find a fit for your company.

Is my startup eligible for a credit card?

Your business eligibility will depend on your specific circumstances. It’s a good idea to check your eligibility before you apply for a credit card so you don’t hurt your credit score with denied applications. Eligibility checkers will only run a soft search on your credit report, so it shouldn’t impact your credit score.

Do new businesses have credit scores?

New businesses will likely not have much of a credit history if they’re just getting off the ground. Therefore, in order to have a credit score, a business would need to build business credit over time.

In the meantime, it’s possible for credit card issuers to use a personal credit score to determine creditworthiness of a startup. They may also ask to see your estimated turnover, business plans, and bank statements before they determine you’re a reliable borrower.

Be cautious about personal guarantees, which mean that if your business can’t repay the debt it’s accrued, you’ll be personally responsible for paying it. It is possible to get a business credit card without one, but it’s less likely if you have a new business.

How to get a business credit card for a new business

Here are 5 steps to apply for a startup credit card:

1. Think about how your business will use the card

As discussed above, it’s best to spend some time thinking about how you’ll use the card in order to pick the best one for you.

For example, if your employees will travel often, a card with hotel or flight rewards might be the best card for your small business. However, if you’ll use your card like a startup business loan, a card with a longer 0% introductory offer may make the most sense for you.

However you’ll use the credit card, it’s best to know ahead of time so you can find the best match for your business.

2. Choose the right card for you

This is where you’ll want to start comparing! After determining how you’ll use the card and what features your startup should prioritize, you’re ready to pick the best startup business credit card for you.

Remember to pay attention to the fees, interest rates, and bonus offerings.

3. Check your eligibility

As mentioned above, checking your eligibility ahead of time can save you time and the potential of hurting your credit score by being rejected.

4. Gather your application materials

To apply for a startup business credit card, you’ll need to provide some basic information like:

  • Your name
  • The business’s name
  • The legal structure or entity type
  • Revenue (if you’re just getting started, this might be £0)

Some issuers may also require a Social Security number and an employer identification number.

5. Apply for the card

Finally, you’re ready to apply for the card. Most sites allow you to do this online by inputting your application materials. If you get approved, you’re ready to start spending responsibly.

Learn more


Some of the products promoted on our site are from affiliate partners from whom we receive compensation — it’s one of the ways we make money and keep this site going. But know that our editorial integrity and transparency matter most. If we consider a product isn’t any good, we won’t list it at all. While we aim to feature some of the best products available, we cannot review every product on the market. Although the information provided is believed to be accurate at the date of publication, you should always check with the applicable product provider to ensure that information provided is the most up to date.

Frequently Asked Questions

If you sign a personal guarantee, you are personally responsible for the debt. However, there are some business credit cards that don’t require a personal guarantee, so you can be intentional about choosing a card without one if you choose.

It will depend on what startup business credit card you apply for, however, most cards allow online applications these days.

One of the best ways to build business credit is simply to make monthly payments on time and stay within your credit limit. Doing this consistently over time will build your business’s record of responsible borrowing.