Barclaycard Business Credit Card: Benefits, Types and How to Apply

A Barclaycard business credit card is a popular choice for UK companies looking to manage cash flow and cover everyday expenses. With a wide range of products available, it’s available for sole traders, partnerships, and limited companies seeking access to short-term credit.

In this article, we’ll go over the main Barclaycard business credit card types, how the application process works, and what to know about managing an account – from payments to customer support.

What is the Barclaycard business credit card and who is it for?

Barclaycard’s business credit cards are only available to UK-registered businesses or individuals (including sole traders, partnerships, and limited companies) with a turnover between £10,000 and £6.5 million.

These cards help you manage your business expenses more effectively while providing access to short-term credit that can improve your cash flow during busy periods or unexpected costs.

The cards are available to both existing and new Barclays business customers, and they’re particularly useful if you need a structured credit facility (with the added benefit of earning cashback on purchases). 

You can manage a Barclaycard business credit card online or through the Barclaycard app. The app also lets you track spending, set limits for employees with additional cards, and keep on top of payments.

Key benefits of Barclaycard business credit cards for UK SMEs

Barclaycard business credit cards offer several advantages that can help streamline your business finances and provide valuable perks on your spending:

• Interest-free period: You get up to 56 days interest-free on purchases when you pay your balance in full each month. This extended payment period can help manage your cash flow, allowing you to make purchases and pay suppliers while maintaining your working capital.
• Cashback rewards: Depending on what card you choose, you’ll earn cashback on your business spending. This can turn regular business expenses into a tidy source of additional income for your company.
• App and online banking: The Barclaycard business app has tools for managing your account. You can track transactions in real-time, categorise spending, and generate reports that make bookkeeping simpler.
• Additional cardholders: You can add free additional cardholders with individual spending limits. This feature is particularly valuable for growing businesses where multiple team members need access to company funds, while maintaining spending controls.
• Security features: Optional purchase protection and comprehensive fraud monitoring help protect your business from unauthorised transactions and disputed purchases.
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What cashback can you earn with Barclaycard business credit cards?

The cashback you can earn depends on which Barclaycard business credit card you choose. The Barclaycard Select Cashback business credit card offers 1% cashback on all purchases with no annual fee, making it straightforward for businesses that want consistent rewards without additional costs. Premium options may offer enhanced cashback rates or tiered rewards based on spending categories.

Comparing Barclaycard Select Cashback and Premium Plus credit cards

When choosing between Barclaycard business credit cards, the two main options are suited for different business needs and spending patterns.

*All information correct as of September 2025.

The big differences between the two include credit limits (Premium Plus typically offers higher limits), interest rates, and perks like travel insurance or concierge services. The Premium Plus card may also include more robust purchase protection and priority customer service.

When deciding between the two, look at your annual business spending, whether you regularly travel for business, and whether the enhanced benefits of the Premium Plus justify the annual fee based on your usage patterns.

Which Barclaycard credit card is best for small businesses?

For most small businesses, the Barclaycard Select Cashback business credit card offers the best value. With no annual fee and consistent 1% cashback, it offers rewards without ongoing costs. Businesses that spend heavily on travel or need higher credit limits might benefit more from the Premium Plus option.

How to apply for a Barclaycard business credit card

The Barclaycard business credit card application process is straightforward and can be completed online through the Barclaycard website or over the phone. Your business must be UK-based with a valid business bank account to be eligible.

During the application process, you'll need to provide information about your business, like your company details, trading history, annual turnover, and director information (if you're a limited company). If you’re a sole trader, you'll provide personal financial information alongside your business details.

The Barclaycard business credit card application form requires details such as:

• Business registration information
• Annual turnover and profit figures
• Number of employees
• Type of business and industry sector
• Your personal details
• Existing banking relationships

The usual credit checks apply (especially for small or newly formed businesses where the business credit history is limited). Barclaycard will look at both your business's financial position and your personal creditworthiness.

Approval typically takes a few days (up to two weeks, depending on the complexity of your application and whether additional information is required). Once you’re approved or rejected, you’ll get the decision via email or post. If approved, your card(s) will be sent to you within 7-10 working days.

Managing your card: Login, payments and customer support

Once you get your card, managing your Barclaycard business credit card account is straightforward through multiple channels.

Account access

The Barclaycard business app offers comprehensive account management tools, including transaction history, balance information, and payment options.

Making payments 

You’ve got several options for paying your credit card balance, including direct debit (recommended for never missing payments), manual bank transfers, telephone payments, or through the app. A direct debit ensures you never miss a payment and could help you make good use of the interest-free period.

Account management 

From your dashboard, you can see all transactions, set up spending alerts, manage additional cardholders, and download statements for your accounting records. The platform also lets you set individual spending limits for employee cards and track spending by category.

Customer support 

If you need help, Barclaycard offers specialist business support teams. You can also get support through secure messaging within the app or online portal.

How do you report a lost or stolen Barclaycard business credit card?

If your card is lost or stolen, immediately contact Barclaycard using the emergency number on the back of your card or through the app's secure messaging system. The card will be blocked immediately to prevent unauthorised use, and a replacement card will be issued within 2-3 working days.

Funding without the fixed fees or limits

Barclaycard business credit cards offer cashback and perks — but they also come with interest charges, spend thresholds and strict repayment rules.

If you’d rather have complete control over how much you borrow and when you repay, iwoca’s Flexi-Loan could be a better fit.

• No annual fees or minimum spend: borrow what you need, not what the card requires.
• Only pay for what you use: interest applies only to funds you draw down.
• Repay early, save money: no fees, no penalties, just more control.
• Top up when your business growsL apply for more without starting over.
• Fast decisions: often within hours, not days or weeks.
• Works with your existing bank: no need to move accounts or switch providers.

With iwoca, you get flexible funding that adapts to your business, not the other way around.

Find out how much you could borrow

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