Compare UK business credit cards 2020
Having a business credit card can help you manage expenses and cash flow in a convenient and flexible way. It can be used by both you and your employees to make company purchases and can help you build up your business’ credit rating.
Much like a personal credit card, you can choose to pay the balance in full or meet the minimum payment requirements. Your business is responsible for making the payments.
Credit cards are a type of unsecured lending and the and limits can be quite strict. Of course, have to meet the lender’s criteria - they’ll want to look into your credit history, trading history, turnover and profit.
Your credit limit - usually anywhere between £1,000 and £10,000 - will very much depend on your credit rating, as will your interest rate, interest-free period and rewards.
15 Dec 2020