All about the best company credit cards

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All about the best company credit cards

Published By Credit Suite at November 10, 2017

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Our Picks for The Very Best Company Credit Cards

According to the SBA, company credit card limits are 10 – 100 times that of personal cards! This shows you can get a lot more money with business credit. And this also means you can have personal charge cards at stores, and now have a second card at the same shops for your business. And you will not have to provide collateral, cash flow, or financial information to get company credit.

Card Features

Benefits vary, so make sure to choose the perk you prefer from this range of possibilities.

Cards with 0% APR

For a 0% APR period, we prefer the Ink Business Cash ℠ Credit Card. You pay no yearly fee. It’s got an interest-free period. It has versatile cash-back rewards. There are spending limits for your employees. You will have to have a credit score of 690 or higher. Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-cash

For an introductory 0% APR period, we also go for the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. You can earn twice the points on daily business expenses up to an annual cap. The standard APR is 12.24% – 20.24% (variable). Get it here: https://creditcard.americanexpress.com/blue/

Business Credit Cards for Fair Credit

For Fair Credit, we are partial to the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. You will have to have a credit score of 690 or higher. Note: the ongoing APR is 23.99% variable APR. Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Small Business Credit Cards for Travel Points

For Travel Points, we prefer the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles after you make $1,000 in purchases on your new card within your first three months. Terms and limitations apply. Also earn a $50 statement credit after you make a Delta purchase with your brand new card during your first three months. Earn two miles per dollar spent on purchases made straight with Delta. Earn one mile on each qualifying dollar spent on purchases. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/gold-delta-skymiles/44279

Also, check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:

  • Priority Pass Select
  • Delta SkyClubs
  • American Express Centurion Lounges

You also receive Gold Status when you register for the Starwood Preferred Guest program. You can get a $200 annual air travel fee credit. There is a $100 credit towards the Global Entry application fee, including access to TSA PreCheck program. You get one point per dollar spent on the majority of purchases. You get 1.5 times the points on charges of $5,000 or more on qualified purchases, up to one million more points per year. You get five points per dollar spent buying flights and prepaid hotels from the American Express Travel site. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

In addition, make sure to have a look at the Ink Business Preferred Card from Chase. Earn 80,000 bonus points after you spend $5,000 on purchases in the initial 3 months from account opening. Earn three points per dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone, advertising purchases made with social media sites and search engines each account anniversary year. Earn one point for each dollar on all other purchases. There is no limitation to the amount you can earn. Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-business-preferred

Low APR/Balance Transfers Business Credit Cards

For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You start off with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer charge. After that, the purchase APR is a variable 10.49% – 18.49%, which is dependent on creditworthiness. There is no yearly fee. This card is solely offered to people with great or excellent credit. However, there is no rewards program for purchases. Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do

Also, take a look at the Blue Business Plus Credit Card from American Express. It has a 15-month introductory 0% APR offer. There is no annual fee. Right now corporations can get double points on the initial $50,000 in purchases per year. Get it here: https://creditcard.americanexpress.com/blue/

Credit Builder Small business Credit Cards

Have a look at the Wells Fargo Business Secured Credit Card. It enables cardholders to get a credit limit of $500 – $25,000. The amount available equates to the amount of money you supply to secure the line. Your purchase APR rate can be as low as a variable 13.15%. The yearly fee is $25. The more cards you have the more expensive your annual fee is going to be. This card allows business owners with substandard personal credit to get a card to make purchases and create business credit. The card will only report to the personal credit bureaus if you default or are overdue on payments. Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

Cards for Cash Back

Consider the SimplyCash Plus Business Credit Card from American Express. You can earn as much as $400 cash back. Get a $200 statement credit after spending $5,000. You get 5% cash back at US office supply stores and on wireless phone services purchased straight from US service providers (this applies to first $50,000 of annual spending). You also get 3% cash back on the spending category of your choice, from eight varying categories, which include air travel, gas, advertising and computer purchases (applies to first $50,000 of yearly spending). And you get 1% cash back on all other purchases. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279

Also, take a look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can get a $200 statement credit after $500 in purchases during 60 days of account opening. You also get 3% cash back on purchases at gasoline stations and office supply stores (as much as $250,000 yearly). And you get 2% cash back on purchases at restaurants, and 1% cash back on all purchases. There is no annual fee. It is available to applicants with excellent credit. Your cash back can only be redeemed in $25 increments. Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/cash-rewards-business-credit-card/

Additionally, have a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, with no limitations. New cardholders can also get a $200 cash bonus once they spend $3,000 on new purchases within three months of account opening. New customers also get initial APR of 0% on purchases for nine months. There is no yearly fee. Get it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/

Company Credit Cards for Rewards

Have a look at the Business Gold Rewards Card from American Express OPEN. You can earn 50,000 Membership Rewards points after $5,000 in purchases on the card within first three months. You get three points on your choice of five categories, two times the points on the remaining categories, and one point per dollar on all other purchases. It has a $0 yearly fee for the first year, and after that your yearly fee climbs to $175. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-gold-rewards

Also, check out the Business Platinum® Card from American Express OPEN. You can earn as many as 75,000 Membership Rewards points at the time of account opening. You can also get 50,000 Membership Rewards points after spending $10,000 and an extra 25,000 points after spending an additional $10,000 all on qualified purchases during first three months. Also you can get five times the Membership Rewards points on flights and pre-paid hotels on amextravel.com. However, it has a $450 annual fee. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Your Best Business Credit Cards

Your best company credit cards are based on your credit history and scores. Just you can determine which benefits you want and need, so be sure to do your homework. And, as always, make sure to build credit in the prescribed order for the maximum, fastest benefits.

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