# Credicorp Flex vs a business credit card.

Both are revolving — a limit you use, repay and use again. But one draws cash into your bank account, and the other is a card you spend at the till. Credicorp offers Flex — not a card. Here's how they compare, and when a business credit card is the better tool.

On paper, a revolving facility and a credit card do the same job: a limit you draw against, repay, and draw against again. The differences are in how you actually use the money, how the cost behaves, and whose name the borrowing sits against.

Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. To be clear from the outset: **Credicorp offers Credicorp Flex; it does not issue business credit cards.** Flex draws funds into your business bank account; a card is a payment instrument from a bank or card provider. This page is a guide, not an application — when you're ready, applying happens on the lender's own site, [credicorp.co.uk](https://credicorp.co.uk/).

Throughout, the borrower is the **company** — a UK private limited company (Ltd), LLP or PLC — not the director who signs. No personal guarantee, no charge over a home, no personal credit check on a director. These are **not** personal loans, payday loans or sole-trader finance.

## Side by side

The Credicorp figures are the lender's published terms and can change — check the live product page before you apply. Credit card terms vary by provider, so treat that column as a general picture, not a quote.

|  | Credicorp Flex (Credicorp) | Business credit card (a bank or card provider — not Credicorp) |
| --- | --- | --- |
| Shape | A revolving facility, drawn to your bank account | A revolving card, spent at the point of sale |
| Limit | £50 – £500 | A credit limit set by the provider |
| How you use it | Draw cash into the company's account | Pay suppliers and bills by card |
| Pricing | 0.25% per day on the drawn balance only | Monthly purchase rate; cash withdrawals charged separately and more |
| Interest-free window | None — charged from drawdown | Often yes, if you clear the statement in full |
| Cost cap | 100% per drawing | No standard cap; set by the provider |
| Repayment | Min 10% of the drawn balance or £20, whichever is greater, each 14-day cycle | A minimum monthly payment, or clear the balance to avoid interest |
| Extras | None — it's a funding facility, not a card | Expense tracking, sometimes rewards or purchase protection |
| Personal guarantee | None | Often required, or reports to the director's file — check terms |
| Borrower | The company | The company (though often guaranteed by a director) |

## Where they really differ

They look alike until you ask three questions: how do you use it, how does the cost behave, and whose name is on the borrowing?

### How you use it — cash versus card

This is the cleanest difference. Flex puts money into your business bank account, ready to pay anything — a wage run, a supplier on bank transfer, a bill that won't take a card. A credit card is a payment instrument: superb for paying suppliers who accept cards and for tracking spend, but awkward or expensive the moment you need actual cash, because card cash withdrawals carry their own, steeper charges.

### Cost shape — per-day versus statement

Flex charges 0.25% per day on what you've drawn, with the cost per drawing capped at 100%. A card, used well, can be cheaper still: clear the statement inside the interest-free window and the borrowing itself costs nothing. Carry a balance, though, and the card's monthly rate compounds — and the gap can run the other way. Flex is predictable while you hold a balance; the card rewards paying it off fast.

### Whose name it's against

Many business credit cards lean on a director — a personal guarantee, or reporting to the director's personal credit file, even in the company's name. Flex doesn't: the facility is to the company, with no personal guarantee. If keeping the borrowing off your own name matters, that's the difference that counts.

## When each one wins

Neither is better in the abstract. It comes down to whether you need cash in the account or a card to spend — and whether you clear the balance each month.

### A business credit card fits better when…

You spend at the point of sale, pay suppliers who take cards, and clear the statement in full each month. Used that way it can be near-free for the borrowing, and the expense tracking and protections are a bonus.

### Credicorp Flex fits better when…

You need cash in the business account rather than a card, you'll carry a balance across cycles, and you want a facility to the company with no personal guarantee and a predictable, capped cost on what you draw.

## The company borrows — not you

It's easy to assume a card "in the company's name" keeps the director out of it. Often it doesn't — many business cards still want a personal guarantee, or they report to the director's own credit file. Credicorp Flex is the other way round: the facility agreement is between Credicorp Limited and your **company**, so the borrowing doesn't add to what's pinned to your own name.
- **No personal guarantee** — the company is the borrower, full stop.
- **No charge over your home** — your house isn't security for a working facility.
- **No personal credit check on a director** — the lender looks at the business, not your own file.
- **Bodies corporate only** — UK Ltd, LLP or PLC, never a sole trader or an individual.

This is exempt business lending under Article 60B of the FSMA Regulated Activities Order 2001, not consumer credit. The full regulatory position is set out on the group site, [creditcorpgroup.co.uk](https://creditcorpgroup.co.uk/lending-and-regulation/).

## A worked example

An illustration, not a real customer — just to show the shape of the choice.

A company has uneven cash needs that rise and fall through the month: a wage run that has to clear by bank transfer, the odd supplier who only takes a transfer, and a few card-friendly costs in between. The director already keeps a business credit card for travel and online suppliers and clears it in full each month, so for those purchases the card is close to free and worth keeping.

What the card can't do well is provide cash in the account for the wage run — card cash withdrawals are expensive, and the timing is awkward. A Credicorp Flex facility fits that gap: the company draws what it needs into the account, pays only 0.25% per day on the drawn amount, and repays over the cycle, with no personal guarantee. The two end up complementary — the card for point-of-sale spend cleared monthly, Flex for cash drawn when the account needs it.

## Common questions

The questions directors ask when weighing the two. For anything specific to your business, the lender's team are at credicorp.co.uk.

No. Flex is a revolving credit facility — a limit the company can draw against, repay and draw again — but there is no card. Credicorp does not issue credit cards. You draw funds to your business bank account rather than tapping a card at a terminal. If what you actually need is a card to pay at the point of sale, a business credit card from your bank or a card provider is the right tool, and this page is meant to make that distinction clear.

Flex charges 0.25% per day on the drawn balance only — undrawn credit costs nothing, and the total cost per drawing is capped at 100%. A business credit card charges a monthly purchase rate, usually with an interest-free window if you clear the statement in full, but a much higher effective rate if you carry a balance, plus separate, often steep, charges for cash withdrawals. Flex has no interest-free window; the card has no per-day model. Which is cheaper depends entirely on how you use it.

When you spend at the point of sale and clear the balance in full each month. Used that way, a card can be close to free for the borrowing itself, and it adds conveniences a facility doesn't — paying suppliers directly, expense tracking, sometimes cashback or rewards, and purchase protections. If you reliably pay it off and want a payment instrument, the card is hard to beat. Flex is built for drawing cash into the account, not tapping at a till.

When you need cash in the business bank account rather than a card to spend, and you want the cost to behave predictably while you carry a balance. Flex charges only on what you've drawn, caps the cost per drawing, and — crucially — is a facility to the company with no personal guarantee. It suits uneven, recurring cash needs that you draw down and repay in cycles, rather than card-style point-of-sale spending.

Very often, yes. Many business credit cards carry a director's personal guarantee or report to the director's personal credit file, even when the card is in the company's name. Credicorp Flex does not: the facility agreement is between Credicorp Limited and your company, with no personal guarantee, no charge over a home and no personal credit check on a director. If keeping the borrowing off your own name matters, that is a real difference — but always read your card provider's terms.

Neither. This is business credit to a body corporate, not consumer credit, and it is not for sole traders or anyone borrowing in their own name. Under Article 60B of the FSMA Regulated Activities Order 2001, lending to a UK company sits outside the consumer-credit regime. The full position is on the group site, creditcorpgroup.co.uk.

More general questions are answered on the [FAQ](/faq/), and the whole journey is on the [how-it-works overview](/how-it-works/).

## Other comparisons

If you're weighing a one-off sum or a supplier bill instead, these may help.
- [Business Bridging Loan vs a business overdraft](/compare/bridging-loan-vs-overdraft/) — a fixed-term lump sum against an on-demand buffer.
- [Credicorp Slice vs invoice finance](/compare/slice-vs-invoice-finance/) — paying a supplier bill versus borrowing against money owed to you.

Or see all three Credicorp products on the [products page](/products/), and compare them on [credicorp.co.uk/compare](https://credicorp.co.uk/compare/).

## Ready when you are

If Flex is the right fit, opening the facility, drawing down and managing your account all happen on the lender's site, credicorp.co.uk.