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All Business Credit Cards are not the same

Published By Janet Gershen-Siegel at November 24, 2017

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Per the SBA, business credit card limits are 10– 100 times those of personal cards! This means you can get a lot more money with company credit. And this also means you can have personal credit cards at shops, and now have an alternate card at the same stores for your company. And you will not need to have collateral, cash flow, or financials in order to get corporate credit.

Card Advantages

Features vary, so make sure to pick the reward you prefer from this array of options.

Corporate Credit Cards with 0% APR

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

For an introductory 0% APR time 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 double points on daily business purchases up to a yearly limit. The standard APR is 12.24% – 20.24% (variable). Get it here: https://creditcard.americanexpress.com/blue/

Corporate Credit Cards for Fair Credit

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

Company Credit Cards for Travel Points

For Travel Points, we like 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 very first three months. Terms and limitations apply. Also earn a $50 statement credit after you make a Delta purchase with your 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

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 sign up for the Starwood Preferred Guest program.

$ 200 annual air travel fee credit. There is a $100 credit towards the Global Entry application fee, which includes access to TSA PreCheck program. You get one point for every dollar spent on most purchases. You get 1.5 times the points on charges of $5,000 or more on qualifying purchases, up to one million additional points each year. You get five points per dollar spent purchasing flights and prepaid hotels from the American Express Travel web site. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Also, make sure to check out the Ink Business Preferred Card from Chase. Earn 80,000 bonus points once you spend $5,000 on purchases within the first 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 of the other purchases. There is no restriction 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 like the U.S. Bank Business Edge Platinum. You start with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer fee. Afterwards, the purchase APR is a variable 10.49% – 18.49%;this is dependent on creditworthiness. There is no annual fee. This card is only offered to those with great or superb credit. Unfortunately, there is no rewards program for purchases. Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do

Also, have 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 earn double points on the initial $50,000 in purchases each year. Get it here: https://creditcard.americanexpress.com/blue/

Credit Builder Company Credit Cards

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

Business Credit Cards for Cash Back

Look at the SimplyCash Plus Business Credit Card from American Express. You can earn as much as $400 cash back. Earn 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 the first $50,000 of yearly spending). You also get 3% cash back on spending category of your choice, from eight different categories, which include airfare, gas, advertising and computer purchases (applies to first $50,000 of annual spending). Plus 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 earn a $200 statement credit after $500 in purchases within 60 days of account opening. You also get 3% cash back on purchases at gasoline stations and office supply stores (up to $250,000 annually). And you get 2% cash back on purchases at eateries, and 1% cash back on all purchases. There is no yearly fee. It is available to applicants with exceptional 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, without restrictions. New cardholders can also get a $200 cash bonus as soon as they spend $3,000 on new purchases within three months of account opening. New customers also get introductory 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/

Cards for Rewards

Consider 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 during 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 annual fee for the first year, and then your yearly fee goes up 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 get up to 75,000 Membership Rewards points upon account opening. You can also get 50,000 Membership Rewards points subsequent to spending $10,000 and an extra 25,000 points after spending an additional $10,000 all on qualified purchases during first three months. Plus you can get five times the Membership Rewards points on airline flights and pre-paid hotels on amextravel.com. Unfortunately, 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 corporate credit cards depend on your credit history and scores. Just you can figure out which advantages you want and need, so be sure to do your research. And, as always, make certain to build credit in the recommended order for the maximum, fastest benefits.

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