Business credit cards, which do not have to be linked
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to a current account, are a mixed bag. However, the 'swings and roundabouts' principle seems to apply.
Some businesses could be attracted to the no-charge American Express Nectar and Capital One Platinum cards. The trained eye would spot that the former charges interest at 27.9% for cash and the latter 25.9%, whereas Barclaycard's two offerings, with annual fees of £78 and £32, charge interest at 15.2% for cash. A closer look shows the American Express Nectar card charges 18.9% for purchases and Capital One Platinum 12.9%, while the two Barclaycard products charge interest on purchases at 19,9% and 26.9%.
The Lloyds TSB card appears better value with a £32 fee and interest of 14.15% for cash and 18,2% for purchases.
Shopping around with the Moneyfacts list is recommended.