Barclaycard Premium Plus Business: A Complete Guide for UK Companies

Discover how this premium business credit card turns essential expenses into long-term value.

The Barclaycard Premium Plus Business Credit Card is designed for UK limited companies that require a more structured, flexible and rewarding solution to manage their day-to-day and strategic financial activities. As businesses grow, their spending patterns change, and the need for a card that combines reliable cashback, enhanced credit capacity and detailed administrative tools becomes increasingly important. The Premium Plus version of Barclaycard’s business offering caters directly to these needs, making it a strong option for organisations aiming to improve cash-flow control, reduce administrative pressure and earn rewards on essential purchases.

In an increasingly competitive business landscape, companies often rely on credit cards not only as a payment method but also as a financial management tool. Whether paying suppliers, purchasing equipment, managing travel arrangements or covering recurring digital subscriptions, the ability to centralise and track spending effectively is a significant advantage. The Barclaycard Premium Plus card positions itself as a premium-level product that supports these processes while offering a range of cashback benefits and service enhancements

Business benefits and features designed to support everyday spending

One of the main strengths of the Barclaycard Premium Plus Business Credit Card is its ability to support businesses during periods of higher spending while still rewarding day-to-day use.

Built to support higher business spending

One of the main strengths of the Barclaycard Premium Plus Business Credit Card is its ability to support businesses during periods of higher spending while still rewarding day-to-day use. It is designed to give companies flexibility when costs increase, without losing control or visibility.

0% interest on purchases for the first 6 months

To begin with, new cardholders benefit from 0% interest on purchases for the first 6 months. This feature is particularly useful for businesses making upfront investments, such as equipment purchases, marketing campaigns or onboarding new staff. During this period, eligible purchases can be spread over time without incurring interest charges, helping to preserve cash flow.

Up to 56 days of interest-free credit every month

Beyond the introductory offer, the card provides up to 56 days of interest-free credit on purchases when the balance is paid in full each month. This gives businesses additional breathing room to align outgoing payments with incoming revenue, improving short-term financial planning.

Automatic cashback on all eligible spending

Another key advantage is the 0.5% cashback on all eligible business spending, credited automatically to the account. Cashback is capped at £400 per year, which helps offset the annual fee while delivering consistent value on everyday expenses such as fuel, office supplies, travel and professional services.

Practical benefits for international business use

For businesses that operate internationally, the card also offers competitive foreign currency handling compared with many standard business credit cards. While foreign transaction fees apply, the cashback earned on overseas purchases can help reduce the effective cost of spending abroad.

Business travel insurance included

In addition, the card includes business travel insurance when eligible trips are paid for with the card. This added layer of protection is particularly valuable for companies whose employees travel regularly, offering reassurance without the need to arrange separate policies.

Employee cards with individual spending controls

From an operational perspective, the Barclaycard Premium Plus Business Credit Card allows businesses to issue additional cards to employees, each with individual spending limits. This improves expense tracking, reduces reliance on reimbursements and strengthens internal financial controls.

Digital tools for real-time expense management

All transactions can be monitored through Barclaycard’s digital account management tools, enabling real-time visibility of spending and easier reconciliation with accounting systems. Alerts and reporting features further support responsible use and efficient financial oversight.

Fees, charges and what they mean for your business

The costs associated with the Barclaycard Premium Plus Business Credit Card are transparent and structured for businesses that expect to make regular use of its benefits.

Fee or charge	Amount
Annual fee	£150
Purchase interest rate (after intro period)	Variable
Representative APR	Variable
Cash withdrawal or cash-like transactions	Higher variable rate
Foreign currency transaction fee	Applies
Late payment fee	Applies
Maximum annual cashback	£400

While the annual fee is higher than that of entry-level business cards, it can be partially or fully offset through cashback and the added value of interest-free spending and insurance benefits, depending on usage.

Comparison with similar business credit cards

When compared with other business credit cards in the same category, the Barclaycard Premium Plus Business Credit Card positions itself as a mid-to-premium option.

Fee-free business cards often appeal to small companies with low spending volumes. However, these cards typically offer limited rewards, shorter interest-free periods or fewer protections. In contrast, the Premium Plus card is better suited to businesses that spend consistently and can benefit from cashback and extended credit terms.

Some cashback business cards offer higher headline rates, but they may impose monthly spending thresholds or restrict rewards to specific categories. The Premium Plus card applies its cashback rate across all eligible spending, providing predictable returns without complex conditions.

Travel-focused business cards may offer lounge access or points-based rewards, but these often come with higher annual fees and more restrictive redemption options. The Barclaycard Premium Plus takes a more practical approach, offering insurance and straightforward cashback instead of aspirational perks.

Overall, this card stands out for businesses seeking a balance between cost, flexibility and everyday value rather than niche or luxury benefits.

Eligibility requirements and how to apply

The Barclaycard Premium Plus Business Credit Card is available to businesses operating in the UK, subject to eligibility checks.

Applicants must typically be:

• A UK-registered business or organisation
• A director, partner or authorised decision-maker aged 18 or over
• Able to provide business and personal financial information for assessment

During the application process, businesses may be asked to supply details such as company registration information, trading history, estimated turnover and a business bank account.

The application process is completed online and generally follows these steps:

1. Visit the Barclaycard Business website and select the Premium Plus Business Credit Card.
2. Complete the online application form with business and personal details.
3. Submit any supporting information requested during the assessment.
4. Await a credit decision, which may include additional checks.
5. If approved, receive the card and set up account access.

Approval is subject to credit and affordability checks, and credit limits are set based on the business profile.

Frequently asked questions

1. Can the card be used for online and recurring payments?
   Yes. The card can be used for online purchases, subscriptions and recurring business payments, making it suitable for software services and supplier billing.
2. Is cashback applied automatically or does it need to be claimed?
   Cashback is applied automatically to the account, reducing the balance without any manual action required.
3. Can spending limits be adjusted for employee cards?
   Yes. Businesses can set and adjust individual limits for additional cardholders to maintain control over company spending.
4. Does the card support contactless payments?
   Yes. The card supports contactless payments, subject to standard limits and security controls.
5. Is the card suitable for startups or newer businesses?
   It can be suitable for newer businesses, provided they meet Barclaycard’s eligibility and credit assessment criteria.

Conclusion

The Barclaycard Premium Plus Business Credit Card is a well-rounded option for UK businesses that want reliable credit, consistent cashback and practical protections in a single product. Its interest-free introductory period supports short-term cash flow, while ongoing cashback rewards everyday spending without unnecessary complexity.

Although the annual fee means it may not be the best fit for very low-spending businesses, companies with regular expenses can extract meaningful value from its features. For organisations seeking a clear, controlled and business-focused credit solution, this card delivers functionality that aligns with real-world operational needs.