2% cashback now, then 1% uncapped after that

Our card lets you turn your day-to-day business spend into rewards. It works like a personal credit card, but for business expenses.

You'll earn 2% cashback for the first 6 months, on all card spend after you open your account, then 1% uncapped cashback after that. Your cashback builds up as points (100 points equals £1). 

Once you’ve repaid at least the minimum on your statement, log in and redeem your points against your card balance or swap them for gift cards. You also get up to 42 days interest-free credit if you clear your balance in full each month. There’s no annual fee and no foreign exchange fees. Representative 34.9% APR (variable). 

The time-limited offer rate of 2% cashback applies for the first 6 months after you open your account and is capped at 200,000 points (worth £2,000 when redeemed).

You earn 2% cashback for the first 6 months, up to 200,000 points (worth £2,000). After that, you’ll earn 1% uncapped cashback.

Cashback builds up as points, and 100 points equals £1. Points are calculated for each purchase and rounded down to the nearest whole point, so a £24.60 purchase earns 24 points.

Cashback isn’t applied to your account automatically. Once your latest statement’s settled, you can redeem your points against your card balance or as gift cards.

Points are the rewards you earn every time you spend on your card. Every 100 points equals £1, and that value stays the same whether you redeem them as statement credit or for a gift card. 

You can redeem your points in two ways:

• Statement credit – reduce the balance you owe us
• Digital gift cards – choose from over 30 leading brands

Go to the ‘Rewards’ tab in your online account to use your points. They’re ready to use once you’ve paid at least the minimum amount on your latest statement. Only the main cardholder can redeem them.

Your Cashback card is designed to reward you for everyday business expenses, like travel costs, team lunches or socials, office supplies, shipping and more. And with a credit limit of up to £250,000, you could also use your card for larger payments such as stock orders or new equipment – it’s totally up to you. Credit limits and rates are subject to a full credit assessment. 

Yes. Putting larger bills like VAT or tax onto your card can help protect your cash reserves. It lets you spread the cost of essential spend, while getting paid back at the same time.

To be eligible for the Funding Circle Cashback business credit card your business needs to:

• Be based in the UK
• Be a limited company

• Have at least 1 year of trading history
• Have an annual turnover of at least £30,000

Already have FlexiPay or another Funding Circle loan? Our Cashback card is not yet available for existing customers, we’ll be in touch as soon as this is available to you.

Our Representative APR is 34.9% (variable). Representative means that most customers are given this rate or better. Please note that rates and credit limits are subject to a full credit assessment.

Variable means the rate you repay may change over time. It moves in line with the Bank of England Base Rate, and may also vary depending on your individual circumstances, either when you apply or afterwards.

If you repay your statement balance in full by the due date every month, you won't be charged interest on your purchases.

At the end of each billing period, we'll send you an email to let you know that your statement's ready. Log in to your account to access it securely.

You'll have around 2 weeks from when your statement’s generated to make a repayment or we’ll automatically collect it via Direct Debit from your nominated business bank account. Please check the due date on your statements to ensure repayments are made in a timely manner. 

Once your statement gets generated, you’ll need to repay at least 10% of the statement or £100, whichever’s higher. You can choose to repay off more if you prefer, or settle the balance in full. You can change your Direct Debit settings in your account up to 3 working days before your due date, or make a manual repayment. Please note, if your outstanding balance is less than £100, you’ll need to repay the full amount. 

No. You can’t currently change your billing date or statement generation date.

We currently support integrations with FreeAgent, Xero and Sage. Connecting your accounting software allows us to automatically sync your transactions to your selected provider. This saves you from having to manually upload documents and helps keep your books up to date. For more information please see our FAQ page.

Some credit cards are covered under Section 75 of The Consumer Credit Act 1974 which provides protection to consumers when making purchases using credit cards. This makes the credit card company jointly liable with the retailer for goods and services purchased using the credit card.

However, Section 75 of The Consumer Credit Act 1974 protects private individuals, rather than businesses or other organisations and therefore Section 75 protection does not apply to transactions made using the Cashback card.

No. We won't apply any foreign exchange fees. However, foreign card transactions are subject to Visa's exchange rates.

Yes. The main cardholder can issue Company cards for the team at zero monthly or annual cost. You maintain total oversight through an intuitive dashboard, where you can set individual spend limits per card. Every pound spent across the business on Company cards builds your points balance. Find out more about Company cards.