Jeeves Corporate Card review
- Earn rate
- 1p per £1 spent
- Foreign transaction charge
- 0%
- Account fee
- £0
- Minimum credit limit
- £1,000
Our verdict
Jeeves has brought a new corporate charge card (not credit card) to the market, designed with business startups in mind.
The Jeeves Corporate Card seems to be an all-singing, all-dancing charge card (not credit card) when it comes to managing your business expenses, as long as you repay your debt each month. The appealing no fees and generous cashback offer on all card spend certainly seems to turn heads, but just like us, you’re probably thinking what’s the catch, right?
As a new entrant to the market, Jeeves is going up against some mammoth firms like American Express and Barclaycard, who also offer eye-popping benefits. But as a card aimed at startups and SMEs, Jeeves offers a more forgiving eligibility criteria than some of these traditional providers.
From our research, the Jeeves Corporate Card would be more suited towards UK businesses that operate globally and need to manage multiple currencies, especially with its lack of FX charges and the opportunity to trade in a currency of your choice.
As a new contender to the UK credit market, it has a limited track record and so far has received questionable customer reviews on sites like Trustpilot. So, if you’re concerned about using contemporary brands, it could be safer to go with a more established provider. It is always recommended to do your own research and fully understand what you’re applying for before you commit as it could affect your credit score. Compare business cards here.
Pros
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Earn cashback on all eligible card spend.
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Access over 1,300 lounges worldwide with Lounge Key. Terms apply.
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Avoid currency conversion charges when spending abroad.
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Run credit card and non-card payments directly within the app.
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Request additional physical cards and up to 100 virtual cards without a cost.
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No annual fee.
Cons
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As the Jeeves corporate card is a charge card, you are expected to repay the card in full each month, otherwise you could face a fee.
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Jeeves has a lack of transparency when it comes to late repayments.
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Your business must be registered as a private limited company and generate at least £10,000 of revenue per month.
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Jeeves is not regulated by the FCA and the financial ombudsman cannot assist in any issues that may arise.
Details
Product Overview
| Network | Visa |
| Annual/monthly fees | £0 |
| Balance transfers | 0% |
| Purchases | N/A (this product is a charge card). |
| Cash advances | 0% |
| Minimum credit limit | £1,000 |
| Maximum credit limit | Subject to status |
| Additional cards available | Request additional physical cards and up to 100 virtual cards without a cost |
| Incentive | Earn up to 2% cashback on all your advertising spending in the first 90 days, up to 1% cashback thereafter, and 1.5% cashback on spend with Google, Amazon, Meta. Terms apply. |
| Additional Rewards Info | Earn up to 2% cashback on all your advertising spending in the first 90 days, up to 1% cashback thereafter, and 1.5% cashback on spend with Google, Amazon, Meta. Terms apply. |
| Potential costs | 4.7 ★★★★★ |
| Doing its job | 3.0 ★★★★★ |
| Extras | 3.3 ★★★★★ |
| Overall Finder Score | 3.6 ★★★★★ |
Fees and charges
| Annual/monthly fees | £0 |
| Foreign usage charge (EU) | 0% |
| Foreign usage charge (rest of world) | 0% |
| Cash advance fee | £0 |
| Late payment fee | £0 |
| Additional card fee | £0 |
| Additional card fee note | Request additional physical cards and up to 100 virtual cards without a cost. |
Application Requirements
| Min income | Not specified |
| Additional Criteria | Your business must be registered as a private Limited Company. Generate at least £10,000 of revenue per month. "You may also qualify if your business has secured funding from external investors." |
The Jeeves Business card is issued on the Visa network (used by a whopping 4.2 billion cards), so you'll be able to use it at more than 100 million merchant locations across more than 200 countries and territories.
Who is Jeeves?
Jeeves is an expense management platform aiming to help SMEs scale their businesses. It participated in Y Combinator’s infamous startup accelerator and has launched in multiple regions, supporting startups in Mexico, Canada, Colombia, Chile and Europe.
Founded by Dileep Thazhmon and Sherwin Gandhi in 2019, Jeeves aims to “empower businesses globally by providing a modern approach to financial services”.
What is the Jeeves Corporate Card and how does it work?
The Jeeves Corporate Card is a virtual (and physical) charge card that is tailored to global startups. As a charge card, Jeeves will offer you a maximum credit limit (which is determined by your business’s status) and you will have access to spend anywhere with no additional fees or FX charges attached – as long as you repay the full cost each month.
If you are considering applying for a business charge card and want to find out more about them, read our helpful guide.
Features
- Cashback on all eligible card spend. An appealing perk of the Jeeves charge card is that you have the opportunity to earn cashback. You could earn up to 2% cashback on all your advertising spending in the first 90 days, up to 1% cashback thereafter, and 1.5% cashback on spend with Google, Amazon, Meta (terms apply).
- Physical and virtual cards. You can request additional physical cards and up to 100 virtual cards at no extra cost.
- Your choice of currency. Jeeves allows you to repay your spend in the currency of your choice with no FX charges.
- Credit limits. Jeeves offers a minimum credit limit of £1,000 and does not specify a maximum credit limit. Subject to your business’s status, you could benefit from higher credit limits as your business grows. You also have the option to set custom credit limits for individual employees.
- Expense management platform. Manage expenses, make payments and track your cashback rewards in an all-in-one app. Jeeves states that its app can also be integrated with major accounting software such as Xero and Quickbooks.
- Quick sign-up process. Jeeves promises a quick sign-up process that should take you no longer than “15 minutes” and only requires “minimal documentation”.
Customer reviews
Customers who took part in Finder’s 2023 customer satisfaction survey were overwhelmingly positive about Jeeves, with many highlighting its “efficient” customer service and competitive.
One customer said: “Jeeves has everything I’m looking for a great company. It has excellent customer service. I always try and get my friends and family to check out the offers”
Jeeves scored of 4.5 out of 5 for customer satisfaction. 89% of customers would recommend the brand to a friend.
| Trustpilot | Apple App Store | Google Play |
|---|---|---|
|
★★★★★ 2.7 out of 5 |
★★★★★ 4.2 out of 5 |
★★★★★ 4.3 out of 5 |
Bottom line
With its promise of no fees and cashback on card spend, the Jeeves Corporate Card offers some appealing benefits to new startups looking to focus on their business growth instead of worrying about expenses. As long as you repay your debts in full each month, the Jeeves Corporate Card could be a cheaper and modern alternative to business cards compared to traditional high street banks, especially as Jeeves focuses on SMEs and startups. But, like all decisions, it is good to be fully informed and have a detailed comparison of all the products on the market. If you are looking for a charge card for its benefits and flexible spending, compare what’s on the market here.
Repayment options
As the Jeeves Corporate Card is a charge card, you are expected to repay the full amount each month. You can make repayments through your Jeeves expense management platform. Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and either damaging your credit score or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the card.
Jeeves does not charge interest if you pay the balance in full by each payment due date. But be careful, even though Jeeves does not specify any late repayment fees, your business could receive a penalty that may impact your credit score if you carry over a balance. If you miss a payment and are unable to pay, you should contact Jeeves as soon as possible.
How to apply
You can apply for the Jeeves Corporate Card directly through the Jeeves website. Simply fill out the form and the team will be in touch with you shortly. Your information will not be shared with any third parties.
How does it compare?
Jeeves's card
Other popular business cards
Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow. Most of the data in Finder's comparison tables is provided by Moneyfacts.
Frequently asked questions
