This new product is available online and represents a significant innovation in the corporate card market. When using the card for business spend, such as purchasing office stationery and supplies, computer equipment or professional services, small business cardholders will earn 3 per cent cashback. In addition, cardholders will earn 1 per cent cashback on fuel purchases and 0.5 per cent cashback on all other purchases.
Dennis Bauer, Managing Director of Global Commercial Payments, 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.”
He continued, “This launch shows Barclaycard as a market leading commercial payments company. I’m very proud of the way we develop products that help our small business customers achieve their business goals.”