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NOW 3% CASHBACK: the Barclaycard Select Cashback credit card for SME’s and sole traders

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Today I want to look at the benefits of the FREE Barclaycard Select Cashback credit card for businesses. This includes sole traders, who are blocked from the Capital On Tap Avios-earning SME card.

As a special offer, you will receive 3% cashback – TRIPLE the standard rate – for your first three months as long as you apply by 31st March.

The application form is here.

Barclaycard Select Cashback credit card

Let me answer the obvious question first. Why are we covering it, given that it doesn’t earn you any points or miles?

(The cynical answer, of course, is that Barclays will pay us if you apply, which is true. We now have access to all Barclaycard products. As you should know, however, we only promote products which genuinely offer value. You won’t see any other non-Avios Barclaycard products on HfP.)

Why would you get a cashback small business Mastercard?

There is, at the moment, a gap in the market for small business miles and points cards.

You can apply for American Express Business Platinum, American Express Business Gold and British Airways Accelerating Business, but Amex acceptance is lower in the B2B market than in the consumer market. You will need a Visa or Mastercard as well.

Our recommended alternative is the Capital On Tap Business Rewards Visa card. This earns points worth an impressive 1 Avios per £1 spent. We are currently offering our readers an exclusive sign-up bonus on this card which converts into 10,500 Avios (details here), but not everyone can apply.

Capital On Tap is only accepting Limited Companies and LLPs. You cannot get the 10,500 Avios bonus on this card if you are a sole trader or in a partnership.

This leads to the question ‘What is the best business Visa or Mastercard for a sole trader to use alongside a Business Amex?’.

The answer is probably a card which is:

  • free, and
  • offers 1% cashback on virtually all of your spending, and currently 3% for the first three months

…. which is what you get with the Barclaycard Select Cashback credit card.

Key link: Barclaycard Select Cashback credit card application form

The representative APR is 25.3% variable.

I am obliged to tell you that terms and conditions apply to the cashback offer (not that they are onerous) – you’ll find details on the application form.

Barclaycard select cashback credit card review

What are the conditions of applying?

As well as the standard age and residency restrictions, your business turnover must be over £10,000 per year.

If you are a start-up, you are welcome to apply if your business plan shows expected turnover of £10,000+ per year.

Sole traders are welcome to apply.

What is the Barclaycard Select Cashback annual fee?

There is no annual fee.

What do I earn per £1 spent on the card?

You earn 1% cashback on virtually all spending charged to the card.

If you apply by 31st March, you will receive 3% cashback for the first three months.

You are paid your cashback each month, via a credit to your card statement. There is no cap to the cashback you can earn.

Barclaycard Select Cashback credit card

Any other benefits?

Barclaycard runs a special programme for its Business credit and charge card holders called Business Rewards.

You can find full details on this page of the Barclays website.

It offers a variety of discounts and cashback deals for customers. These currently include, for example, 12% off Heathrow Express and one year of free Zipcar membership (usually £60).

Specifically for holders of the Select Cashback card, you can get free access to FreshBooks Plus accounting software – saving up to £228 per year.

Is this a good card to use when travelling?

It’s not ideal, as Barclaycard Select Cashback charges a 2.99% foreign exchange fee on non-Sterling transactions.

However, you will receive your standard 1% cashback which takes the net cost down to 1.99%.

You will pay the same 2.99% fee if you use any of the American Express Business cards that we cover.

If you have a Limited Company, it’s worth knowing that the Avios-earning Capital On Tap Business Rewards Visa card has NO FX fees. Capital On Tap is the only Avios-earning credit card, personal or business, with no foreign exchange surcharges.


The Barclaycard Select Cashback credit card is, perhaps surprisingly, an aggressively good product from Barclays.

With no annual fee and 1% cashback (3% for your first three months) on virtually all your spending, paid monthly, there is nothing to dislike.

Let’s imagine that your company would spend £10,000 on the card over the next three months. You’d earn £300 cashback and, with no annual fee, that’s all money in the bank.

Even if you are considering getting American Express Business Platinum, Business Gold or British Airways Accelerating Business due to their generous rewards, this card is useful for places which do not accept American Express.

It is especially interesting for sole traders who are excluded from the Capital On Tap alternative.

Full details, and the application form, for the Barclaycard Select Cashback credit card can be found here.

The application deadline to receive the offer of 3% cashback for your first three months is 31st March.

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points. The site discusses products offered by lenders but is not a lender itself. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as an independent credit broker.

Comments (21)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • Mike says:

    Does it integrate with QuickBooks? I have the Capital on Tap card which annoyingly implies that it does integrate but in fact doesn’t – it just lets you download retrospective files which is a faff

  • Terry Butcher says:

    This would be alright and appears to be a good or offer, but it is with Barclaycard. Ugh!

    I have had so many difficulties with Barclays. Just don’t trust them anymore with our company’s money – they lost thousands of pounds and wouldn’t give it back until we got the Sunday. Times involved.

    And business people I meet explain problems they have also had, and, it nearly always seem to be with Barclays.

    My neighbour had £200,000 taken fraudulently from her account and it was a devil of a job to get it back from Barclays, even though it was their mistake.

    Their IT systems and protocols seem almost as antiquated as those used by a well-known airline that we all suffer from.😜😬

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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