Is 1% cashback a good rate for a UK business credit card?

Yes. 1% with no annual fee and no FX fees is the realistic top of the UK market for unlimited, uncapped cashback. Anything claiming higher rates usually has caps, category restrictions, or annual fees that erode the headline number.

Which UK business gets the most value from a cashback card?

Businesses that pay the balance in full, spend consistently and can use a card for ordinary operating costs usually get the clearest value. Compare the reward rate with annual and FX fees, check acceptance with your suppliers, and confirm that your company structure meets the issuer's eligibility rules.

Comparisons

Best Cashback Business Credit Cards UK 2026: Compare Rewards

By Afshin · 3 April 2026 · 9 min read · Updated 2026-07-28

Which business credit card gives the best cashback in the UK? For an eligible limited company, LLP or PLC, the right answer depends on reward rate, annual fee, FX costs, acceptance and how much you spend. Here are the strongest options for 2026, ranked by likely net return after fees.

1. Capital On Tap — Best Overall

Reward rate: 1% on everything · Annual fee: £0 · FX: 0% · Welcome bonus: £75 with code 2REFY893A52.

Capital On Tap is the strongest no-fee option for many UK businesses because it combines unlimited 1% cashback-equivalent rewards, no annual fee and no FX fees. The referral welcome bonus is subject to the issuer's eligibility and programme terms. It is aimed at UK limited companies, LLPs and PLCs.

2. Barclaycard Select Cashback — Best for Established Businesses

Reward rate: 1% on everything · Annual fee: £0 · FX: 2.99% · Welcome bonus: typically none.

A traditional bank card from Barclays with 1% cashback. No annual fee but no welcome bonus, and FX fees apply. Better suited if you already bank with Barclays and prefer a high-street provider.

3. Amex Business Cashback — Best for High Spenders

Reward rate: 1% on the first £10k, 1.25% above · Annual fee: £50 (free yr 1) · FX: 2.99% · Welcome bonus: £100 for £3k spend in 3 months.

Amex Business Cashback shines if you spend £40k+ per year and your suppliers accept Amex. The tiered structure rewards big spend, but acceptance and the £50 annual fee from year two are real considerations.

4. Funding Circle FlexiPay — Best for Pay-Later Flexibility

Reward rate: none (it's a credit line, not a cashback card) · Annual fee: £0 · Fees: per-transaction.

FlexiPay is a Mastercard credit line designed to spread payments over 1, 3, 6, 9, or 12 months for a flat fee. There's no cashback, but it's useful as a complement to a cashback card when you need to spread a large supplier payment.

5. Tide Card — Best for Account Integration

Tide is technically a debit card, not a cashback credit card. It can suit a business that prioritises an integrated account and accounting tools over rewards, but it should not be compared directly with the credit-card options on cashback rate.

Side-by-Side Comparison

Net return on £30,000 of annual UK + EUR/USD spend:

Capital On Tap: £300 cashback + £75 bonus = £375 net (year 1)
Barclaycard Select: £300 cashback − ~£60 in FX fees = £240 net
Amex Business Cashback: ~£350 cashback + £100 bonus − £0 (yr 1 fee waived) = £450 net (yr 1) but £400 net (yr 2)
Funding Circle FlexiPay: £0 (no cashback)

Verdict

For most UK limited companies under £40k of annual card spend, Capital On Tap with referral code 2REFY893A52 gives the best net return — £375 in year one with zero risk of an annual fee eating into the rewards.

Above £40k of spend with Amex-friendly suppliers, Amex Business Cashback edges ahead. Above £40k with diverse suppliers, hold both.

Frequently asked questions

Is 1% cashback a good rate for a UK business credit card?: Yes. 1% with no annual fee and no FX fees is the realistic top of the UK market for unlimited, uncapped cashback. Anything claiming higher rates usually has caps, category restrictions, or annual fees that erode the headline number.
Which UK business gets the most value from a cashback card?: Businesses that pay the balance in full, spend consistently and can use a card for ordinary operating costs usually get the clearest value. Compare the reward rate with annual and FX fees, check acceptance with your suppliers, and confirm that your company structure meets the issuer's eligibility rules.

Ready to apply?

Get £75 free with code 2REFY893A52

Read the full Capital On Tap promo code guide for eligibility, fees and approval times.

Apply with referral link →