New Barclaycard offers cashback to small businesses

Entrepreneurs can earn 3% back on admin-related purchases

A new corporate credit card has launched to ease small businesses’ cashflow.

According to Barclaycard Global Commercial Payments, the Barclaycard Cashback business credit card – which is available online – will offer entrepreneurs money back on their business purchases.

Acquisition of office stationery and supplies, computer equipment or professional services will see business owners earn 3% cashback. Meanwhile, cardholders will earn 1% on fuel purchases and 0.5% cashback on all other business spend.

Dennis Bauer, managing director of global commercial payments for Barclaycard, said:

“We’re giving small business customers a more rewarding way to carry out their normal business spending with this card, plus it is a great way to manage purchasing decisions.

Barclaycard’s corporate card can also help smooth out short-term fluctuations in business cash-flow and give small businesses the option to pay over a longer term if required.”

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