Barclaycard Business Credit Card Review

Read on as we review the Barclaycard Business Credit Card and explore the vital benefits for your business.

Updated: May 21, 2024
Matt Crabtree

Written By

Matt Crabtree

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Business credit cards can offer a lifeline to your business, helping you to pay your business expenses in advance and manage the flow of cash into and out of your business.

However, with so much choice, choosing a business credit card is not an easy task.

In this article, we will review the Barclaycard business credit card, discovering the different options available to you from a reputable provider.

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What Is a Barclaycard Business Credit Card?

A Barclaycard Business Credit Card is a financial product that allows you to make purchases now and pay at a later date, helping to manage your cash flow. However, you can only make purchases for the business as this type of credit card is not for personal use.

You will receive a credit limit with your Barclaycard Business Credit Card and you cannot make purchases at a higher value than your credit limit. In addition, you will typically pay interest on the purchases made on the credit card, unless you have secured an interest-free credit card deal.

You will receive better conditions from Barclaycard when you have a good business credit score.

How Does a Barclaycard Business Credit Card Work?

A business credit card from Barclaycard works like a personal credit card, although you can only make business purchases. Many business credit cards will prohibit personal purchases from being made with the credit card.

You will receive a plastic card that can be loaded into your digital wallet, utilising Apple Pay or Google Pay. You will also receive a PIN for security reasons. 

When you want to make an in-person business purchase, you will tap your plastic card onto a card reader or insert the card into the card reader and enter your PIN. Alternatively, you can tap your mobile phone device and digital wallet.

Alternatively, you can make online or telephone payments using your Barclaycard Business Credit Card, entering your card details and three-digit security code to combat fraud vulnerabilities.

You will receive a bill each month and you will need to make a payment. You will usually be charged interest on the value of purchases made, and a minimum payment will need to be made.

Are There Different Types of Barclaycard Business Credit Cards?

There are different types of Barclaycard Business Credit Card that you can apply for:

1. Barclaycard Select Cashback Business Credit Card

Barclaycard Select Cashback Business Credit Card

Barclaycard Select Cashback Business Credit Card
Credit Limit
Minimum £1,000
Representative % APR (variable)
27.5% APR
  • Up to 56 days’ interest-free credit when you pay in full and on time.
  • No annual fees for your card and account.
  • Get 1% cashback uncapped on all your business spend.

Representative Example – If you spend £1,200 at a purchase interest rate of 27.5% p.a. (variable) your representative APR will be 27.5% APR (variable). Your APR and credit limit may vary depending on your circumstances.

Features:

  • 1% cashback uncapped
  • £100 welcome bonus may apply
  • 27.5% representative APR (variable)
  • Zero annual fee
  • 56 days’ interest-free credit on business purchases
  • Credit limit: £1,000 – custom
  • Cash withdrawals: 3% transaction fee

The Barclaycard Select Cashback Business Credit Card is the best option for rewards. You will receive 1% cashback uncapped on business purchases, receiving a reward every time you make a business purchase with your credit card. You could also receive a £100 welcome bonus if you are eligible.

There is no annual fee to pay when you take out a Barclaycard Select Cashback Business Credit Card, with a typical 27.5% representative APR (variable) charged. You could also receive 56 days’ interest-free on purchases for your business, saving you more money.

When you apply for this credit card, you will obtain a credit limit of at least £1,000 with the maximum credit limit customised to your circumstances.

In addition, if cash withdrawals are made, you could be charged a transaction fee of 3% of the purchase value, or £3 if that is a lower amount.

2. Barclaycard Premium Plus Business Credit Card

Barclaycard Premium Plus Business Credit Card

Barclaycard Premium Plus Business Credit Card
Credit Limit
Minimum £1,000
Representative % APR (variable)
56.8% APR
  • Up to 56 days’ interest-free credit when you pay in full and on time.
  • £150 annual fee.
  • 0.5% cashback on all eligible spend, up to £400 per year.

Representative Example – If you spend £1,200 at a purchase interest rate of 20.2% p.a. (variable) your representative APR will be 56.8% APR (variable). Your APR and credit limit may vary depending on your circumstances.

Features:

  • 56.8% representative APR (variable)
  • £150 annual fee
  • Earn 0.5% cashback on purchases
  • Complimentary rewards
  • 56 days’ interest-free billing period when the full balance is paid
  • 6 months interest-free on purchases
  • Minimum credit limit: £1,000
  • Maximum credit limit: £25,000

The Barclaycard Premium Plus Business Credit Card will cost you an annual fee of £150 with a 56.8% representative APR (variable).

You will earn 0.5% cashback on purchases and you will receive a range of complementary rewards. For example, you can enjoy VIP airport lounge access as well as business travel insurance, perfect for business trips.

The Premium Plus Business Credit Card allows you 6 months interest-free on purchases as well as 56 days’ interest-free billing when you pay your full balance in its entirety.

The minimum credit limit you can enjoy with this credit card is £1,000, whilst the maximum credit limit can reach up to £25,000.

3. Barclaycard Select Business Charge Card

Barclaycard Select Business Charge Card

Barclaycard Select Business Charge Card
Credit Limit
Minimum £1,000
Representative % APR (variable)
3.6% APR
  • Up to 38 days interest free on purchases.
  • Ideal for controlling business spend.
  • Purchase protection and cardholder misuse insurance.

The approval of your application depends on your financial circumstances and borrowing history, so do the terms you may be offered. The interest rates may differ from those shown.

Features:

  • Pay your full balance each month
  • £42 annual fee
  • 38 days’ interest-free credit on business purchases
  • Your business must exceed a £10,000 annual turnover
  • Minimum credit limit: £1,000
  • Maximum credit limit: £50,000

The Barclaycard Select Business Charge Card allows you to pay for your business expenses and business purchases in advance and pay at a later date. 

However, your balance must be paid in full before the provider’s specified date. You cannot pay the balance in instalments or pay a minimum balance as you can with a traditional credit card.

Barclaycard allows 38 days’ interest-free credit on business purchases. This means that you will have 38 days to pay for your business purchases before any interest is charged to your account.

To be eligible for this card, your business must exceed an annual turnover of at least £10,000 and your business must be uk-based. However, you can enjoy a minimum credit limit of £1,000 and a maximum credit limit of £50,000.

Are There Alternatives Available From Barclaycard?

If your business is new, you may not be able to secure a Barclaycard Business Credit Card.

However, if you have a good personal credit score, you could obtain a personal Barclaycard.

1. Barclaycard Avios Plus Card

Barclaycard Avios Plus Card

Barclaycard Avios Plus Card
Credit Limit
Minimum £50
Representative % APR (variable)
80.1% APR
  • Collect 1.5 Avios for every £1 you spend on eligible purchases.
  • Monthly fee £20.
  • Airport Lounge Membership.

Representative Example – If you spend £1,200 at a purchase interest rate of 29.9% p.a. (variable) your representative APR will be 80.1% APR (variable). Your APR and credit limit may vary depending on your circumstances.

Features:

  • 80.1% representative APR (variable)
  • £20 monthly fee
  • Earn 1.5 Avios for every £1 spent on purchases
  • Collect 25,000 Avios when you spend £3,000 on your card in the first 3 months

The Barclaycard Avios Plus Card can earn you Avios that can be used on British Airways travel. 

You can earn 1.5 Avios on every £1 you spend on your card when making purchases. In addition, when you spend £3,000 on your card within the first 3 months, you could receive a bonus 25,000 Avios.

Such benefits will cost you £20 per month in fees and an 80.1% representative APR (variable).

2. Barclaycard Forward Card

Barclaycard Forward Card

Barclaycard Forward Card
Credit Limit
Minimum £50
Representative % APR (variable)
33.9% APR
  • 0% interest on purchases for 3 months (from the date you open your account).
  • Credit limit £50 to £1,200.
  • Minimum repayment £5.

Representative Example – If you spend £1,200 at a purchase interest rate of 33.9% p.a. (variable) your representative APR will be 33.9% APR (variable). Your APR and credit limit may vary depending on your circumstances.

Features:

  • 33.9% representative APR (variable)
  • Zero annual fee
  • 0% interest on purchases for 3 months
  • Minimum credit limit: £50
  • Maximum credit limit: £1,200

The Barclaycard Forward Card is the perfect credit rating building credit card.

There is no annual or monthly fee to pay and you can receive 0% interest on purchases for 3 months.

The minimum credit limit you can secure is £50 with the maximum credit limit reaching £1,200.

3. Barclaycard Platinum Purchase Credit Card

Barclaycard Platinum Purchase Credit Card

Barclaycard Platinum Purchase Credit Card
Credit Limit
Minimum £50
Representative % APR (variable)
24.9% APR
  • 0% purchase interest for up to 21 months from account opening.
  • 0% balance transfer interest for up to 18 months from account opening.
  • No annual fee.

Representative Example – If you spend £1,200 at a purchase interest rate of 24.9% p.a. (variable) your representative APR will be 24.9% APR (variable). Your APR and credit limit may vary depending on your circumstances.

Features:

  • 24.9% representative APR (variable)
  • Zero annual fee
  • 0% interest on purchases for 21 months
  • 0% interest on balance transfers for 18 months
  • Typical credit limit: £1,200

The Barclaycard Platinum Purchase Credit Card is great if you intend to make purchases with your credit card.

There is zero annual fee to pay and you could secure a credit limit of £1,200.

With this credit card, there is 0% interest on purchases for 21 months as well as 0% interest on balance transfers for 18 months.

At a Glance, Pros and Cons

Here is a succinct overview of the pros and cons of securing a business credit card with Barclaycard:

Pros

✔️ Reliability — Barclaycard is a reliable and trusted credit card provider.

✔️ Choice — There are many options available from Barclaycard so you can choose the best business credit card for you.

✔️ Interest rates — A variety of interest rates are attainable to you.

✔️ Cashback and rewards — Many business credit cards offer cashback and rewards.

Cons

❌️ Annual fees — Some business credit cards from Barclaycard will charge you an annual fee.

❌️ High interest rates — Depending on your circumstances, you may be charged high interest rates.

❌️ Debt cycle — A business credit card can be a short-term fix yet lead to a cycle of debt.

❌️ Late payment fees — If you do not pay the required amount on time, you could be charged late payment fees.

Barclaycard Business Credit Card: Final Thoughts

How can you manage your business spend?

Many businesses need a business credit card to pay for financial circumstances and borrowing limitations that appear from time to time. A business credit card can pay for purchases so that you always have a backup and you are never short of cash.

Barclaycard is by far the best business card provider available in the UK. The exact Barclaycard Business Credit Card you can obtain for your business will depend on your circumstances and borrowing history along with the terms available from your business card provider.

Related Guides:

FAQs

How much cash back can I earn with the Barclaycard Select Cashback Business Credit Card?

Are there Barclaycard credit cards for business and personal use?

How can I make a Barclaycard payment?

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