Small business owner

Barclaycard launches new cashback business credit card to help SMEs get back on track

  • The fee-free Barclaycard Payments Select Cashback credit card provides one per cent cashback on all eligible purchases
  • The card is available to SMEs with a turnover of between £10,000 and £6.5m, providing support and rewards to help businesses prosper after a hard year
  • Barclaycard research shows SMEs are feeling cautiously optimistic about their prospects, with a quarter seeing output surpass, or return to, pre-pandemic levels

Barclaycard has launched a new market-leading, fee-free cashback business credit card, designed to support small and medium businesses as the easing of restrictions brings optimism for the months ahead.

The Barclaycard Select Cashback credit card is designed to support SMEs with one per cent cashback on all purchases – the most competitive offer currently available on a fee-free card. This is in addition to up to 56-day interest-free period, offering additional, shorter term assistance.

Following a year of uncertainty, the new card rewards businesses for spending just as the economy opens back up. This follows Barclaycard research showing that SMEs predict an 8.1 per cent rise in revenue in 2021 – while nearly four in 10 (39 per cent) say they are feeling optimistic about their prospects*.

The card is available to all SMEs with a turnover between £10,000 and £6.5m**, offering additional support to help businesses get back on their feet after a challenging year. It also enables businesses to save on everyday purchases from leading brands and retailers, like Amazon Business and Avis, by opening up rewards that are exclusive to Barclaycard business card holders.

Barclaycard Select Cashback credit card features:

  • 1% cashback on eligible business spend every month (T&Cs apply)
  • No annual account fees or fees for using the card
  • Up to 56 days’ interest-free credit when the account balance is paid in full, on time
  • Purchase protection and cardholder misuse insurance
  • Access to a range of rewards exclusive to Barclaycard business card holders

The new cashback card is the latest in series of products from Barclaycard Payments designed to help small businesses manage their cashflow and everyday expenses, with the lender named Best Business Card Provider by Business Moneyfacts for seven years running***.

Ian Reid, Managing Director of Small Business cards, Barclaycard Payments, said: “We’ve developed our SME cashback card to support businesses with their immediate spending and cashflow needs as many get back up and running over the weeks ahead.

“We hope by offering one per cent cashback on all purchases, and up to 56-days interest-free, merchants will have some much-needed breathing space as they look to emerge from the struggles of the last year, and into a brighter and more prosperous summer.”

Kelly Devine, Divisional President, Mastercard UK & Ireland commented, “We are thrilled to be working with Barclaycard to bring the SME cashback card to market, helping those businesses that have been hardest hit by the pandemic. Small businesses are the backbone of the UK economy and it is vitally important that we find ways to help them navigate these challenging times if we are to build back better.”

Notes to editors

For more information please contact Polly Ewell: 07882 088 493 /

*Data from the Q1 Barclaycard Payments SME Barometer. Research was conducted online by YouGov on behalf of Barclaycard Payments between 20th January – 9th February 2021. YouGov polled 574 senior members of staff working in UK SMEs, weighted by region to reflect SME distribution in the UK.

**As long as the business meets the eligibility criteria, available at Barclaycard/Business

***Awarded ‘Best Business Card Provider’ in the Business Moneyfacts Awards seven years in a row:

Details of the Barclaycard Select Cashback Credit card:

Product Type

Credit Card – Up to 56 days interest free


1% cashback on all purchases

Annual Account Fee

No Fees

Purchase Interest Rate


Cash Interest Rate


Insurances, limitations and exclusions apply

- Cardholder Misuse

- Purchase Protection

Additional product features

- Business Rewards

- My Controls

About Barclaycard

Barclaycard, part of Barclays Bank PLC, is a leading global payment business that helps consumers, retailers and businesses to make and take payments flexibly, and to access short-term credit. In the UK we process nearly £1 in every £3 spent using credit and debit cards, and in 2020 we processed over £267bn in transactions globally. We also partner with a wide range of organisations across the globe to offer their customers or members payment options and credit.

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