Not all banks offer credit cards for startups in the UK, but we have found some. Bankchart.co.uk offers you a list of banks with the best business credit card terms for start-ups in the market.
What are credit cards for new small businesses in the UK?
Business credit cards for startups often offer features and benefits tailored to the needs of startups, such as lower credit limits, tools for expense management, and rewards for business spending.
Business loan calculations for 3 years (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 500,000 | 8.10% | 62,438 |
| 500,000 | 8.20% | 63,208 |
| 500,000 | 8.30% | 63,979 |
| 1,000,000 | 9.10% | 140,292 |
| 1,000,000 | 9.20% | 141,833 |
| 1,000,000 | 9.30% | 143,375 |
| 2,500,000 | 10.10% | 389,271 |
| 2,500,000 | 10.20% | 393,125 |
| 2,500,000 | 10.30% | 396,979 |
| 5,000,000 | 11.10% | 855,625 |
| 5,000,000 | 11.20% | 863,333 |
| 5,000,000 | 11.30% | 871,042 |
How do I choose and apply for the best credit card for the startup of a business?
- Click on the links and check out the best credit cards for start-ups that our analysts have selected for you after analyzing the UK market. Look into their features, benefits, fees, interest rates, and eligibility criteria. Choose a card that best aligns with your startup's needs.
- Review the eligibility requirements for the specific credit card you're interested in. Ensure that your startup meets these requirements before applying.
- Gather documents to make the application: proof of identity, business registration documents, financial statements, and other relevant business and personal details.
- Locate the application form for the specific credit card you want to apply for and fill it out accurately. Most credit card applications can be completed online through the bank's website.
- After completing the application form, carefully review it for accuracy and completeness. Once you're satisfied, submit the application.
- The financial organization will review your application, which may involve a credit check and assessment of your business's financial health, and will inform you whether your application has been approved.
- If your application is successful, you'll receive your business startup credit card by mail.
- Follow the provided instructions to activate the card.
Increase your business credit score:
You can also put in the effort to build or improve your company's credit score, which will increase your chances of getting a business credit card by:
- Maintain separate bank accounts and credit cards for your business and personal expenses.
- Open a business bank account in your company's name in the company, which offers the best starting business credit card for your company.
- Consistently pay your bills and invoices on time. Late payments can negatively impact your business credit score.
- Work with suppliers or vendors who report your payment history to credit reference agencies. Consistently paying your trade accounts on time can contribute positively to your credit profile.
- Regularly review your business credit report from credit reference agencies (such as Experian, Equifax, and TransUnion) to ensure accuracy and identify areas for improvement.
- Over time, establish a track record of responsible financial management. This includes maintaining positive cash flow, managing debt levels, and demonstrating financial stability.
- Avoid legal disputes and financial judgments, as these can negatively affect your business credit score. Resolve any issues promptly and transparently.
- Building positive relationships with lenders, suppliers, and other business partners can contribute to your overall credibility.
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Details of companies offering the financial services:
AmEx Europe
Head office’s address: Belgrave House, 76 Buckingham Palace Rd
Web-site: https://www.americanexpress.com/en-gb/
Barclays Bank
Head office’s address: 1 Churchill Place, London E14 5HP
Contact center: 0800-400-100
Phone: +44 (034) 5734 53 45
Web-site: http://www.barclays.co.uk/
Swift code: BARCGB33
Reference number: 122702
Stock code: BARC
ABN: 01026167
BSB: BARC
Capital on Tap
Head office’s address: 7th Floor, The Tea Bldg, 56 Shoreditch High St, London E1 6JJ
Contact center: 020-8962-7401
Phone: +44 20 8962-7401
Web-site: https://www.capitalontap.com/
Clydesdale Bank
Head office’s address: 40 St Vincent Pl
Phone: +44 (080) 0345 73 65
Web-site: https://secure.cbonline.co.uk/
Swift code: CLYDGB21025
Reference number: 121873
Stock code: 11IO
ABN: SC001111
BSB: CLYD
Juni
Web-site: https://www.juni.co/
Metro Bank
Head office’s address: One Southampton Row, London, WC1B 5HA
Phone: +44 (034) 5080 85 00
Web-site: https://www.metrobankonline.co.uk/
Swift code: MYMBGB2L
Reference number: 488982
Stock code: MTRO
ABN: 06419578
BSB: MYMB
Royal Bank of Scotland
Head office’s address: 36 St Andrew Square, Edinburgh, EH2 2YB
Contact center: 0345-600-2230
Phone: +44 (070) 3597-88-42
Web-site: https://www.rbs.co.uk/
Swift code: ROYCGB2LCLS
Stock code: NWG
ABN: BR000548
BSB: ROYC
Santander
Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN
Contact center: 0800-389-7000
Web-site: http://www.santander.co.uk/
Swift code: ABBYGB3E
Reference number: 106054
ABN: 02294747
BSB: ABBY
Yorkshire Bank
Head office’s address: 329 Harehills Ln, Harehills, Leeds LS9 6AX
Contact center: 0800-456-12-47
Phone: +44 800 456 1247
Web-site: https://secure.ybonline.co.uk/