Cashback business credit cards
A cashback business credit card returns a small percentage of your card spend, typically around 1 percent, with some cards adding a higher introductory rate, so a company that clears the balance each month earns money on spending it would do anyway. The best card is the one whose reward beats the annual fee on your actual spend. If you carry a balance, the representative APR matters more than the cashback. This is a comparison for UK limited companies, LLPs and partnerships of 4 or more.
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Oliver leads FundBiz's specialty finance comparison and matching engine. With a background in UK commercial finance, he oversees lender partnerships, eligibility logic and post-decline routing.
Last reviewed: 2 July 2026
Compare cashback business credit cards
Representative APR is shown as published by each provider on the FCA’s assumed £1,200 credit limit and applies to any balance you carry; if you clear the card monthly you focus on the reward and fee instead. Figures were checked in July 2026; confirm the live rate with the provider before applying.
| Card | Cashback | Rep. APR (variable) | Annual fee |
|---|---|---|---|
| Santander Business Cashback | 1% uncapped on all spend | 23.7% | £30 |
| Funding Circle Cashback | 2% first 6 months (cap £2k), then 1% uncapped | 34.9% | £0 |
| NatWest Business | 1% at fuel and EV charging | 24.3% | £30/card (year 1 free; waived if spend ≥ £6k) |
| RBS Business | 1% at fuel and EV charging | 24.3% | £30/card (year 1 free; waived if spend ≥ £6k) |
Source: Provider pricing pages (Santander, Funding Circle, NatWest, RBS), checked July 2026
View as plain-text Markdown
### UK cashback business credit cards: cashback rate, issuer-published representative APR (variable) and annual fee. Confirm live terms with the provider. | Card | Cashback | Rep. APR (variable) | Annual fee | | --- | --- | --- | --- | | Santander Business Cashback | 1% uncapped on all spend | 23.7% | £30 | | Funding Circle Cashback | 2% first 6 months (cap £2k), then 1% uncapped | 34.9% | £0 | | NatWest Business | 1% at fuel and EV charging | 24.3% | £30/card (year 1 free; waived if spend ≥ £6k) | | RBS Business | 1% at fuel and EV charging | 24.3% | £30/card (year 1 free; waived if spend ≥ £6k) | Source: Provider pricing pages (Santander, Funding Circle, NatWest, RBS), checked July 2026
RBS is NatWest Group’s Scottish and Northern Ireland brand, so the two rows carry identical terms. Capital on Tap also offers uncapped 1% cashback with no annual fee, but does not publish a single representative APR on its page (as at July 2026), so we do not quote a rate for it here. Confirm current terms directly.
Cashback or a low APR, which saves more
The two only matter one at a time. If you clear the balance every month, you pay no interest, so the reward and the fee decide it: a flat uncapped 1 percent on all spend is the simplest way to earn on ordinary business costs. If you carry a balance, interest quickly swamps a 1 to 2 percent reward, so a low representative APR beats cashback. For context, the lowest-APR UK business card we track, Metro Bank Business at 18.9 percent representative (variable) with no annual fee (as at July 2026; confirm with the provider), carries no cashback at all, which is exactly the trade a balance-carrying business should weigh.
Work out the real value in one line
Take your expected annual card spend, multiply by the cashback rate, then subtract the annual fee. A business spending £60,000 a year at 1 percent earns £600, so a £30 fee is easily covered; the same business at very low spend might prefer a fee-free card. Watch for caps and introductory-only rates, and remember cashback is only real money if you are not paying interest to earn it.
Frequently asked questions
Which UK business credit card gives the most cashback?
It depends on your spend. A flat uncapped 1% on all spend suits mixed spending, while a card with a higher introductory rate can pay more in the first few months if you spend heavily early. The best card is the one whose reward, after the annual fee, beats the others on your actual monthly spend, not the one with the highest headline rate.
Is cashback on a business credit card taxable?
Cashback earned on business spending is generally treated as a reduction in the cost of your purchases rather than taxable income, but treatment can vary and this is not tax advice. Check with your accountant, especially if the cashback is significant or paid to the business rather than netted against spend.
Does a cashback card make sense if I carry a balance?
Usually not. Interest on a carried balance almost always outweighs 1 to 2 percent cashback, so if you do not clear the card each month the representative APR matters far more than the reward. In that case a low-APR card, even one with no cashback, is often the cheaper choice overall.
Do cashback business cards have an annual fee?
Some do and some do not. A fee can still be worth paying if the cashback you earn clears it comfortably, so compare the net position: annual cashback earned minus the annual fee. On low spend, a fee-free 1 percent card is usually the safer pick.
Compare the full range
See every UK business card we track, including the lowest-APR options and charge cards, on the main comparison, or check what finance fits if a card is not the right tool.
FundBiz is an independent comparison and introducer service, not a lender and not authorised by the FCA. We may receive a commission from some providers if you open a product after following a link. This does not affect the price you pay or how we compare. General information, not financial advice; confirm each provider’s current terms and representative APR before applying. Business credit cards are generally not covered by Section 75 of the Consumer Credit Act.
Last reviewed: 2 July 2026.