Published By Janet Gershen-Siegel at November 12th, 2018
Get a basic business card the easy way with our foolproof research. So here are our favorites.
According to the SBA, corporate credit card limits are a whopping 10 – 100 times those of personal cards!
This shows you can get a lot more cash with small business credit. And this also means you can have personal charge cards at stores. So you would now have a second card at the same retail stores for your business.
And you will not have to have collateral, cash flow, or financial information in order to get corporate credit.
Perks vary. So make sure to select the advantage you prefer from this variety of alternatives.
For a 0% APR period, we like the Ink Business Cash ℠ Credit Card. Also, you pay no annual cost. It’s got an interest-free time period. It has versatile cash-back rewards. There are spending limits for employees. But you will need to have a credit score of 690 or better.
For an introductory 0% APR period, we also like the Blue Business ℠ Plus Credit Card from American Express. So it has an introductory 0% APR for 15 Months. Also, you can earn twice the points on ordinary business expenses up to a yearly cap. But the normal APR is 12.24% – 20.24%. So this APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
For Fair Credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. But you will need to have a credit score of 690 or higher.
But TAKE NOTE: the ongoing APR is 23.99% variable APR.
For Travel Points, we like the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles. But this is after you make $1,000 in purchases on your new card. And it is within your very first three months. Terms and limitations apply.
Also earn a $50 statement credit. But this is after you make a Delta purchase with your card. And it is in your first three months. Earn two miles per dollar spent on purchases made straight with Delta. Also, earn one mile per eligible dollar spent on purchases.
Check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:
You also receive Gold Status when you enroll in the Starwood Preferred Guest program. There is also a $200 yearly air travel fee credit.
There is a $100 credit towards the Global Entry application fee, including access to TSA PreCheck program. And you also get one point for every dollar spent on the majority of purchases.
Also, you get 1.5 times the points. But this is on charges of $5,000 or more. And it is on qualifying purchases. But this is up to one million added points annually. Get five points per dollar. But this is for purchasing flights and prepaid hotels from the American Express Travel site.
Also, make sure to have a look at the Ink Business Preferred Card from Chase. Earn 80,000 bonus points. But this is once you spend $5,000 on purchases. And it is within your initial 3 months from account opening.
Get three points for each dollar. But this is on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, and cable and phone. It is also on advertising purchases made with social media sites and search engines. But this is for each account anniversary year.
Also, earn one point for each dollar on all of the other purchases. There is no limit to the amount you can earn.
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. So you begin with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer cost.
Thereafter, the purchase APR is a variable 10.49% – 18.49%. And this depends upon creditworthiness. There is no yearly fee. But this card is just on offer to people with great or excellent credit. But there is no rewards program for purchases.
Also, have a look at the Blue Business Plus Credit Card from American Express. It has a 15-month initial 0% APR offer. There is no yearly fee.
Right now corporations can get double points. But this is on the first $50,000 in purchases every year.
Get it here: https://creditcard.americanexpress.com/blue/
Check out the Wells Fargo Business Secured Credit Card. It enables cardholders to secure a credit limit of $500 – $25,000. The amount available matches the amount of money you provide to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. And the yearly fee is $25. But the more cards you have, the more expensive your yearly fee will be.
This card lets company owners with bad personal credit to obtain a card to make purchases and develop business credit.
But the card will just report to the personal credit bureaus if you default or are late on payments.
Take a look at the SimplyCash Plus Business Credit Card from American Express. So you can earn as much as $400 cash back. Get a $200 statement credit. But this is after spending $5,000.
Also, get 5% cash back at US office supply stores and on wireless phone services. So these must be bought from US service providers. But this applies to first $50,000 of yearly spending.
You also get 3% cash back on the spending category of your choice. So this is from eight distinct categories. They include airfare, gas, advertising and computer purchases. But it applies to the first $50,000 of annual spending.
And also you get 1% cash back on all other purchases.
Also, check out the Bank of America Business Advantage Cash Rewards MasterCard Credit Card.
With it, you can earn a $200 statement credit. But this is after $500 in purchases . And that is within 60 days of account opening.
You also get 3% cash back on purchases at gasoline stations and office supply stores. But this is as much as $250,000 annually.
Also, you get 2% cash back on purchases at eateries. And get 1% cash back on all purchases. Also, there is no annual fee. But it is available to applicants with exceptional credit.
But you can only redeem your cash back in $25 increments.
In addition, consider the Spark Cash Select from Capital One. So you get 1.5% cash back on all purchases. So this is without limitations.
New cardholders can also get a $200 cash bonus. But that is once they spend $3,000 on new purchases. So this is within three months of account opening.
New customers also get initial APR of 0% on purchases. But that is for nine months. Also, there is no yearly fee.
Check out the Business Gold Rewards Card from American Express OPEN. So you can get 50,000 Membership Rewards points. But this is after $5,000 in purchases on the card during first three months.
Also, you get three points on your choice of five categories. In addition, get two times the points on the remaining categories.
Also, get one point per dollar on all other purchases. It has a $0 yearly fee for the first year. But after that your yearly fee increases to $175.
Also, check out the Business Platinum ® Card from American Express OPEN. So you can earn as many as 75,000 Membership Rewards points upon account opening.
Also get 50,000 Membership Rewards points. But this is after spending $10,000.
In addition, get 25,000 more points. But that is after spending an additional $10,000 all on qualifying purchases. But this is during the first three months.
Additionally you can get five times the Membership Rewards points. So this is on airline flights and pre-paid hotels on amextravel.com. But it has a $450 yearly fee. Yikes!
A basic business credit card, the easy way – it can be done! Approvals have a basis in your credit history and scores.
Just you can choose which advantages you want and need. So make sure to do your homework. What is excellent for you could be disastrous for someone else.
And, as always, make certain to build credit in the established order for the most remarkable, fastest benefits.