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.”