American Express and British Airways are launching a credit card for business owners in the UK. The British Airways American Express Accelerating Business Card is open for applications.

The companies say that it is the only business credit card to enable UK SME owners to earn both accelerated On Business Points and Avios with British Airways. New cardholders earn 2,200 On Business Points when spending £3,000 or more in the first three months of card membership, which can be redeemed for flights or put towards an upgrade.

Card members will receive an annual bonus of 3,000 On Business Points if they spend £20,000 or more by their card anniversary. They will also earn 1.5 Avios for every eligible £1 spent on their card and 1.5 On Business Points for every eligible £1 spent with British Airways.

On Business is British Airways’ complimentary loyalty programme designed to help company owners and their employees make the most of their corporate travel. On Business is that it lets business travellers book seats using their points up to one day before travel and make date and time changes to flights at no additional cost.

The business card also gives SMEs some control over their cash flow, providing access to up to 56 calendar days without interest or the choice to pay over time.