A business cashback credit card pays cashback and/or other rewards when the card is used to make purchases. These types of card offer a number of benefits to companies of all types and sizes, but our favourite one is the ability to earn cashback on your business spend. The best card that we have found to make this happen is the Capital On Tap card, which offers a generous and uncapped 1% cashback on all applicable business spend. There is also no fee for having the card, unlike many others offering similar rewards.
As well as cashback, a credit card can help with cashflow, as many of the companies offering these types of card will also have an interest-free period of up to 56 days. As long as you repay the card in full during the specified time, you will not pay any interest.
Most people will be familiar with an AMEX card where points earned can be redeemed for a variety of things from flights and hotels all the way through to reducing the card’s balance. However, although AMEX are the most well-known brand in the space, recent years have seen an influx of other cashback credit card companies including Capital On Tap and JUNI. It’s worthwhile considering the type of reward you would benefit from the most before you choose a card, but having tried a lot of the options out there, we believe the 1% offer from Capital On Tap gives the greatest benefit to the majority of users.
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Michael Foote is the founder of Quote Goat and has over 13 years experience working in the finance, insurance and currency sectors. Since launching Quote Goat he has appeared on TV as well as many of the largest online publications including Forbes, The Telegraph and The Metro. Prior to Quote Goat, he worked in finance in the city for a number of firms including HSBC.