Published By Janet Gershen-Siegel at December 19, 2017
Per the SBA, corporate credit card limits are 10– 100 times those of personal cards! This shows you can get a lot more money with company credit. And this also means you can have personal charge cards at shops, and now have an additional card at the same stores for your company. And you will not have to have collateral, cash flow, or financial information to get business credit.
Benefits vary, so make certain to choose the reward you prefer from this selection of options.
For a 0% APR time frame, we prefer the Ink Business Cash ℠ Credit Card. You pay no yearly fee. It’s got an interest-free time period. It has versatile cash-back rewards. There are spending limits for your 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 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 everyday business purchases up to annual limit. The regular APR is 12.24%– 20.24% (variable). Get it here: https://creditcard.americanexpress.com/blue/
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 have to have a credit score of 690 or higher. TAKE NOTE: the ongoing APR is 23.99% variable APR. Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/
For Travel Points, we incline toward 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. In addition 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 qualified 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 get Gold Status when you register for the Starwood Preferred Guest program.
$ 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 added points each 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
Also, be 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 within your first three months from account opening. Earn three points for each 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
For Low APR/Balance Transfers Business Credit Cards, we like the U.S. Bank Business Edge Platinum. You begin with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer charge. Thereafter, the purchase APR is a variable 10.49%– 18.49%, which depends upon creditworthiness. There is no yearly fee. This card is only available to people 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 yearly fee. Right now companies can earn double points on the initial $50,000 in purchases per year. Get it here: https://creditcard.americanexpress.com/blue/
Check out the Wells Fargo Business Secured Credit Card. It enables cardholders to procure a credit limit of $500– $25,000. The amount offered 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 annual fee is $25. The more cards you have the higher your yearly fee is going to be. This card allows small business owners with unsatisfactory personal credit to get a card to make purchases and set up business credit. The card will just report to the personal credit agencies if you default or are late on payments. Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/
Consider 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 bought directly from US service providers (this applies to the first $50,000 of annual spending). You also get 3% cash back on the spending category of your choice, from eight distinct categories, consisting of air travel, gas, advertising and computer purchases (applies to first $50,000 of yearly spending). And also 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, check out the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can get 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 (as much as $250,000 per year). 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 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/
Furthermore, consider the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, without any limits. 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/
Check out the Business Gold Rewards Card from American Express OPEN. You can get 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 other categories, and one point per dollar on all other purchases. It has a $0 yearly fee for the first year, and after that your annual 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 get as much as 75,000 Membership Rewards points at the time of 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 added $10,000 all on qualifying purchases within the first three months. Plus you can get five times the Membership Rewards points on flights and prepaid 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 optimal business credit cards hinge upon your credit history and scores. Just you can determine which rewards you want and need, so make sure to do your homework. And, as always, make certain to build credit in the prescribed order for the optimum, fastest benefits.