FlexiPay or Funding Circle Cashback card – which is the right credit card for your small business?

We know cash flow is one of the biggest challenges faced by small business owners. To help you manage cash flow more effectively, you might have decided that a business credit card is right for your business. But how do you know which one to choose?

Here we look at the key differences – and some similarities – between our two business credit products to help you decide which one is right for your small business.

What is a business credit card?

A business credit card is a revolving line of credit designed specifically for company expenses. It allows you to make purchases and pay them off over time, giving you flexibility in managing your cash flow.

They let you borrow money for business costs and pay it back later, often with rewards for typical business spending. Business credit cards usually offer higher limits than personal credit cards and perks tailored to entrepreneurs.

What business credit cards do Funding Circle offer?

Funding Circle offers two different business credit cards – FlexiPay and our Cashback card. Our business credit cards are designed to help you get more out of your spending – giving you more flexibility and control with your payments, and rewarding you for them too.

Pay a business cost upfront with FlexiPay, then repay in 1, 3, 6, 9 or 12 instalments  – all for a simple flat fee. Or, earn more as you spend with the Cashback card and its unbeatable 2% rate for the first 6 months, then 1% uncapped cashback after that. The choice is yours.

FlexiPay and Cashback at a glance

FlexiPay – Pay, your way

FlexiPay gives you the freedom to decide when and how you pay business costs. Simply make a business payment with your card, then choose to repay in instalments for more flexibility and control over your cash flow.

Cashback business credit card – The card that pays you back

Earn money back on every expense, big or small by pocketing a market-leading 2% cashback, up to £2,000 in the first 6 months. Then get 1% uncapped cashback on all your business spending after that. Accepted anywhere that Visa is, the Cashback card works just like a regular business credit card – but better.

Similarities between FlexiPay and Cashback card

Whichever card you choose, both include a raft of benefits, tailored to the needs of small business: 

• Flexible payment terms
• Use anywhere that accepts Visa
• Track your transactions via the mobile app or web
• No monthly or annual fee. Both cards are free and you only pay if you use them
• Credit limit up to £250,000
• From the UK’s leading business finance platform

How do I apply?

Find out more about our credit products and apply online in minutes at fundingcircle.com. 

If you’re a limited company or LLP, you can get a decision on your credit limit without affecting your credit score. So you can assess your options with complete peace of mind. 

13/11/24: While we want to help as much as we can, the information found here is provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here. If you have any questions, please speak to your professional adviser or seek independent legal advice.