What is a business Barclaycard? Everything you need to know
There are two main Barclaycard cards designed with businesses in mind – the Business, and the Business Gold MasterCard® credit cards. Both of these credit cards will provide you with excellent cashback rates, but what if you want to find out more about how they work, or which one you should apply for? We’ll go through the pros and cons of each card, so that you can make an informed decision!
Business cards – why they’re important
If you’re looking to establish your business as an organization or brand, then business cards are an important tool. They let your potential customers or clients see who they’re dealing with and connect with them on a personal level. In general, people trust people they know, so make sure that your business cards give potential customers the impression that they know who you are and where to find your services. Business barclaycards are perfect for entrepreneurs because businesses have different needs than individuals when it comes to payment types. A standard credit card may not be best for someone in charge of other people’s funds. Business barclaycards are also valuable because they have special features and benefits that standard credit cards don’t. For example, business barclaycards usually come with lower interest rates or even 0% introductory offers. They might also offer employee discounts on their products or services, so everyone will reap the benefits of your business’ success. However, like any credit card transaction, it’s always best to pay off your balance in full each month. If you can do that, then there won’t be any surprises when it comes time to pay your bill.
Why use cashback rewards
Cashback rewards might seem like small perks, but they can add up to a big savings. If your company already has business barclaycards in place, it's wise to use them instead of cash when spending on everyday items. As long as you're not traveling abroad or shopping for high-ticket items, there's no reason not to earn extra money in exchange for your purchases. How to choose between Reward and Cashback Business Barclaycards: How to choose between Reward and Cashback Business Barclaycards - Second Paragraph: You might think it’s obvious whether cashback or rewards are better for your business, but there are several factors that make either option viable. To determine which one will suit your needs better, ask yourself these questions. What businesses are eligible for business barclaycards: What businesses are eligible for business barclaycards - Second Paragraph: Some big-name companies and smaller mom-and-pop stores accept business barclaycards. If your company doesn’t yet have one, talk to your bank or look online to find out more information about opening an account.
What are the rates like?
Rates for the Business Barclaycard are competitive, with the card having no annual fee. The business credit card features include:- Rewards on purchases With the Barclaycard Business Gold, earn one point per $1 spent and two points per $1 spent on all airfare tickets For every 3,000 points earned, you can redeem for $25 in rewards that can be used at participating retailers or redeemed for travel. Plus, earn an extra point per $1 spent when using your card at U.S. Which Business Barclaycard Is Right For You: If you spend $7,000 or more per month on business expenses, then it makes sense to consider using the Business Gold card. It provides 3% cash back on all purchases, 1.5% on airfare and two points per $1 spent at participating U.S. air carriers, plus one point per $1 spent everywhere else in addition to rewards redemptions and perks that can help your business grow. Meanwhile, for businesses with slightly lower monthly purchase volumes but still looking for a generous rewards program as well as exclusive perks like VIP access to certain events with Barclays’s partners or discounts at movie theaters, then go with CashForward Visa card.
Card benefits for businesses
The business Barclaycard helps businesses with everyday expenses such as dining, gas and food for the office. It can also be used for things like buying office supplies and hiring new employees. There are no annual fees or limitations on when the card can be used, which makes it one of the most flexible cards on the market.The business Barclaycard offers great security benefits in case anything happens to your company. These include insurance for property damage and bodily injury as well as legal assistance, identity theft protection and car rental insurance. The business Barclaycard has an ongoing rewards program. For every $1 spent, cardholders get one reward point which can be redeemed against future purchases on your account. You can also get bonus points when you make purchases with specific partners and businesses, making it easy to earn rewards and save money over time. Cardholders also receive online access to their accounts where they can check current balances or track recent transactions. The card's customer support service is available around-the-clock via phone or email if any problems do occur. Applications can usually be completed in less than 10 minutes, and most are approved within seconds. You should check that you meet your issuer's requirements for eligibility before starting an application though. The business Barclaycard is available in Australia, Belgium, Canada, Denmark, Germany, Ireland and Switzerland as well as Hong Kong.
Who can apply for this card
The business barclaycard is designed for businesses with an annual turnover of more than £1 million. It's aimed at providing small and medium-sized enterprises with the same levels of service as those offered by large companies. The card has a number of benefits, including: - 24/7 access to funds via internet banking or telephone banking - no fees on cash withdrawals from ATMs in Europe - exclusive discounts from selected retailers, hotels and airlines
In summary
The business Barclaycard has much more in common with the personal card than you might think. That's because, just like with the personal card, there are rewards that can be collected throughout the year. But also like the personal card, there are no preset spending limits and flexible payment options. And, of course, it still comes with complete fraud protection. To apply for a business credit card from Barclays, just like with all other credit cards, take out your most recent pay stub and call them up at 1-866-822-2322 or visit their website and fill out an online application form.
