WealthGuide
18 January 2025•Credit Cards

A Guide to Business Credit Cards in Ireland (2025)

Business credit cards are an essential financial tool for Irish entrepreneurs and small business owners. They can help streamline expense management, build business credit, and offer tailored benefits that support business growth. Here's what you need to know about business credit cards in Ireland in 2025.

By WealthGuide

Why Consider a Business Credit Card?

  1. Separation of Finances: A business credit card helps keep personal and business expenses separate, simplifying bookkeeping and tax preparation.
  2. Improved Cash Flow: These cards allow businesses to manage cash flow effectively by offering short-term credit with interest-free periods if balances are paid in full.
  3. Building Credit History: Using a business credit card responsibly builds your company’s credit profile, which is crucial for securing future financing.
  4. Expense Management: Many cards provide detailed transaction statements, making it easier to track and control spending.

Key Features of Business Credit Cards in Ireland

  • Credit Limits: Irish banks like Bank of Ireland and AIB offer high credit limits tailored to your business’s needs. For example, the Bank of Ireland Business Card allows a combined limit of up to €120,000 across multiple cards.
  • Annual Fees: Most cards charge an annual fee, such as €19.05 for the AIB Visa Business Card, along with a government stamp duty of €30 per card annually.
  • Contactless Payments: Many business credit cards support contactless payments, ensuring convenience for everyday transactions.
  • Liability Waiver Insurance: This feature protects businesses from employee misuse of company cards.
  • Online Account Management: Tools like AIB’s 360 Control or Bank of Ireland’s CardController allow businesses to monitor spending and set limits on employee cards.

Popular Business Credit Cards in Ireland

  1. AIB Visa Business Card

    • Annual Fee: €19.05 per card
    • Features: Contactless payments, liability waiver insurance, emergency cash service
    • Best For: Small businesses managing basic expenses.

  2. Bank of Ireland Business Card

    • Credit Limit: Up to €120,000 for up to 5 cards
    • Features: Advanced spending controls, online account management
    • Best For: Established businesses with multiple employees.

  3. Avant Money Business Credit Card

    • Features: Fixed interest rates, rewards program for cashback or travel
    • Best For: Businesses seeking predictability and rewards.

  4. Revolut Business Credit Card

    • Features: Multi-currency accounts and customizable spending controls
    • Best For: Startups and tech-savvy entrepreneurs.

How to Apply for a Business Credit Card

To apply for a business credit card in Ireland:

  • Gather necessary documentation like proof of business registration and financial records.
  • Choose a card that aligns with your business needs (e.g., rewards, credit limits).
  • Submit an application online or through your bank’s relationship manager.

Tips for Managing Your Business Credit Card

  • Pay balances on time to avoid interest charges and maintain a healthy credit score.
  • Regularly review statements to ensure accurate accounting.
  • Use rewards strategically to offset expenses.

Conclusion

Business credit cards in Ireland offer numerous advantages for entrepreneurs looking to streamline operations and manage finances effectively. Whether you’re a startup or an established SME, choosing the right card can provide access to essential tools like expense tracking, rewards programs, and flexible financing options. Evaluate your needs carefully and select a card that supports your business goals while keeping costs manageable.