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Card & Current

ComparisonLast checked 8 November 2026

Incard review: what it costs, what it pays back and who it suits

Incard is a UK e-money business account built around card spending: uncapped cashback on eligible ads, software and travel, team cards and GBP, EUR and USD IBANs, on a £0 plan. We don't score accounts; here is what it does well, where it falls short and who should pick something else.

By the editorial team. How we make money: we may earn a commission if you open an Incard account through our links.

Incard suits you if

  • You spend thousands a month on cards, especially on advertising, software or travel
  • You want EUR and USD IBANs alongside GBP
  • You're a UK LLP or sole trader, or a Swiss GmbH, AG or sole trader
  • You're comfortable with safeguarding instead of FSCS cover

cashback a year on Incard's £0 Free plan from £5,000 a month of eligible ads, software and travel spend. Simple arithmetic, not a forecast.

£600

Apply for Incard on incard.co(opens incard.co in a new tab, affiliate link)

We may earn a commission if you apply.

Our verdict

What it does well

  • Cashback with no monthly fee: 1% on advertising, recurring software and travel on Free
  • No cap on the cashback you earn
  • GBP, EUR and USD IBANs and team cards on the Free plan
  • Accepts UK sole traders and LLPs, and Swiss companies and sole traders

Where it falls short

  • An e-money account, so your balance isn't covered by the FSCS
  • Doesn't list a way to take card payments from customers, or cash deposits
  • 1.8% on card payments in other currencies on Free
  • A long list of restricted industries

For a business whose biggest costs go on cards, especially ad platforms and software, Incard pays back money that most business accounts don't. If you need a bank, cash handling or card acceptance, use Incard alongside one rather than instead of it.

Cashback

Table notes: correct as of 8 November 2026, from Incard's pricing page and fee schedules. Plus rates are “from 1.5%” and set per business. The rideshare rate appears on the pricing page but not in the Free fee schedule.
PlanAdvertisingRecurring softwareTravelRideshareEverything else
Free (£0 a month)1%1%1%1.75%0.5%
Grow (£49 a month)1.25%1.25%1.25%1.75%1%
Plus (from £199 a month)from 1.5%from 1.5%from 1.5%from 1.5%from 1.5%

Cashback is earned only at the brands on Incard's eligible list, which covers the big ad platforms, most of the software businesses pay for and the main airlines, hotels and rideshare apps. See every eligible brand and how cashback is paid, or check whether Grow or Plus is worth it for your spending.

Fees

Table notes: correct as of 8 November 2026, from Incard's pricing page and fee schedules.
FeeDetail
Plans (monthly)Free £0, Grow £49, Plus from £199 (from £169 a month billed yearly)
Cashback on Free1% on advertising, recurring software and travel, 1.75% on rideshare, 0.5% on everything else
Cashback on Grow1.25% on advertising, recurring software and travel, 1.75% on rideshare, 1% on everything else
Cashback on PlusFrom 1.5%, set per business
FX at the interbank rate£5,000 / £15,000 / from £25,000 a month, then 0.6% (1% outside market hours)
Card payments in a foreign currency1.8% on Free, 1.5% on Grow and Plus
Local transfers included100 on Free, 250 on Grow, then £0.30 each
International transfers3 included on Grow; otherwise at least £5 (SHA) or £20 (OUR)
ATM withdrawals2% in the UK, 2.5% abroad
Extra users or IBANs£12 a month each

Protection

Incard Ltd is authorised by the FCA as an electronic money institution (firm reference number 1027309). It is not a bank. Safeguarded: Incard keeps customer funds separate from its own money, in accounts with authorised credit institutions, and doesn't lend or invest them. Funds are not protected by the FSCS.

Is Incard safe? explains what safeguarding means if Incard fails and how to check its licence yourself.

Who can open one

UK limited companies and LLPs, UK sole traders and freelancers registered with their local authority, and Swiss GmbH, AG and sole-trader businesses. EEA onboarding is paused until an expected restart in 2027. Public sector bodies, cooperatives, charities, foundations and trusts aren't accepted, and a long list of industries is restricted.

Incard's pricing page FAQ still says it is “available across the UK and EU”, but its eligibility article says EEA onboarding is paused, and we follow the help centre.

Restricted industries

Incard says it may refuse to open an account for businesses in these areas, and may decline other industries it doesn't consider appropriate. This includes crypto and blockchain, even if you've seen Incard marketing aimed at Web3. Our summary of Incard's current list:

Documents to have ready

See Incard's documents article for the full list.

The application, step by step

  1. Sign up

    Create a login with your email and a strong password, then verify your phone number. Incard notes it can't verify numbers from some countries.

  2. Tell Incard about the business

    Choose a Business account (limited company) or Sole trader account. Give the country of incorporation, the registered and day-to-day trading addresses, your business category and the largest transaction you expect to make.

  3. Tell Incard about yourself

    Add yourself as director. If you aren't a director, upload a document proving you can open the account for the company. Then enter your personal details and home address.

  4. Verify your identity

    A guided ID check on your phone or computer. Turn off your browser's automatic translation for Incard's site first, because Incard warns it can break identity verification.

  5. Accept the terms

    Read Incard's terms and accept them only if you agree with them.

  6. Send any extra documents

    Incard usually emails a request for documents, such as proof of trading address, source of funds and shareholder structure. It may also ask for details of other directors or shareholders.

  7. Wait for a decision

    Incard emails its decision. It says processing time depends on application volumes. Incard can refuse an application at its discretion, even if you meet the published criteria.

  8. Choose a plan

    Once approved, choose Free, Grow or Plus. You can start on Free (£0 a month) and upgrade if your card spend justifies it.

How it compares

When Incard isn't the answer

Incard isn't the right account if

  • Your business is registered outside the UK and Switzerland. EEA onboarding is paused until an expected restart in 2027
  • You're a charity, cooperative, foundation, trust or public body, or work in one of Incard's restricted industries
IncardOur pick for card spend

Open an Incard account

Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.

E-money · safeguarded, no FSCS

Work out your cashbackCheck eligibility

Apply for Incard on incard.co(opens incard.co in a new tab, affiliate link)

We may earn a commission if you apply.

a month on the Free plan, with team cards
£0
cashback on ads, software and travel; 0.5% on other eligible spend
1%
IBANs in three currencies
GBP, EUR, USD

Sources

All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.

Show all 12 sources