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Barclaycard launches cashback card for Small Businesses

28 Feb 2012 13:43 GMT

Barclaycard Global Commercial Payments has announced that it has launched a new market leading cashback corporate card to help small business customers make the most of their business spending.

Barclaycard Global Commercial Payments has announced that it has launched a new market leading cashback corporate card to help small business customers make the most of their business spending.

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% cashback. In addition, cardholders will earn 1% cashback on fuel purchases and 0.5% 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.”

Notes to Editors:

Business Spend defined as Office Stationery & Supplies, Computer Equipment and Services and Professional Services (e.g. Legal and accounting services).

The maximum cashback that can be earned in each year is £400 - cashback is automatically credited on the anniversary of the account

For further details - www.barclaycard.co.uk/business/making-payments/small/cashback-credit-card

In 2011, Barclays Bank PLC acquired MBNA Europe Bank Limited’s Small Business credit card portfolio in the UK, consisting of approximately 60,000 accounts with approximately £130 million of outstanding balances.


About Barclaycard

Barclaycard, part of Barclays Retail and Business Banking, is a leading global payment business which helps consumers, retailers and businesses to make and accept payments flexibly, and to access short-term credit when needed.

The company is one of the pioneers of new forms of payments and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting edge forms of payment for the future.  It also issues credit and charge cards to corporate customers and the UK Government.  Barclaycard partners with a wide range of organisations across the globe to offer their customers or members payment options and credit.

In addition to the UK, Barclaycard operates in the United States, Europe and Africa.

Key facts published in February 2013

-          total number of Barclaycard customers: 28.8m
-          number of retailer/merchant relationships: 89,000
-          Total payments processed: £240bn