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Best Amex Card For Small Business

November 15, 2023
Best Amex Card Credit for Small Business Credit Suite

We Know the Best Amex Card for Small Business

Do you want the best Amex card for small business? Then read on. We have got you covered!

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

Card Features

Perks vary, so make certain to pick the advantage you prefer from this selection of possibilities.

Corporate Credit Cards with 0% APR

For an introductory 0% APR period, we like the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. Earn double points on routine business expenses up to an annual limit. The normal APR is 12.24% – 20.24% (variable).

Get it here:

Company Credit Cards for Travel PointsBest American Express Card Credit for Small Business Credit Suite

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 in your first three months. Terms and limitations apply.

Also earn a $50 statement credit after you make a Delta purchase with your new card within your first 3 months. Earn two miles per dollar spent on purchases made straight with Delta. Earn one mile on each qualified dollar spent on purchases.

Business Platinum

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 sign up for the Starwood Preferred Guest program. There is also a $200 annual air travel fee credit. This could be the best American Express card for small business!

There is a $100 credit towards the Global Entry application fee. This also includes access to TSA PreCheck program. 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 qualified purchases. However, this is up to one million additional points yearly.

You get 5 points per dollar spent buying flights and prepaid hotels from the American Express Travel site.

Click to download Credit Suite’s 12 business credit cards and credit lines business guide. Learn everything you need to know about getting the best credit cards for your business. via Credit Suite

Low APR/Balance Transfers Business Credit Cards

Investigate the Blue Business Plus Credit Card from American Express. It has a 15-month initial 0% APR offer. There is no annual fee. Right now companies can get double points on the initial $50,000 in purchases each year.

Cards for Cash Back

Check out 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 from US service providers. However, this applies to the first $50,000 of annual spending.

You also get 3% cash back on spending category of your choice, from eight distinct categories. These include airfare, gas, advertising and computer purchases. However, it applies to the first $50,000 of yearly spending. And also you get 1% cash back on all other purchases.

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 within first three months. Get three points on your choice of 5 categories. Also, get two times the points on the remaining categories. In addition, get one point per dollar on all other purchases.

It has a $0 yearly fee for the first year. However, after that your yearly fee climbs to $175.

Business Platinum ® Card from American Express OPEN

Also, check out the Business Platinum ® Card from American Express OPEN. Get as many as 75,000 Membership Rewards points upon account opening.

You can also earn 50,000 Membership Rewards points after spending $10,000. Also, get an extra 25,000 points after spending $10,000 more on all on qualifying purchases in the first three months. Also, you can get 5 times the Membership Rewards points on flights and pre-paid hotels on amextravel.com.

However, it has a $450 yearly fee.

Click to download Credit Suite’s 12 business credit cards and credit lines business guide. Learn everything you need to know about getting the best credit cards for your business. via Credit Suite

And Always Make Sure to Build Credit

The very first thing you can do, and it’s easier said than done, is to have patience, and establish credit worthiness for your company in the same manner that you have established your personal credit history. For most businesses, this means settling your debts promptly, plus keeping in business for some time, to develop a record of creditworthiness.

In order to get rid of the sticking point of a personal guarantee, you will need to show the bank that your company is robust, that it can generate consistent profits, it has a health cash flow, and the business has a sparkling repayment history. If all of these can be verified, it will be a lot easier to find a business credit card without a personal guarantee.

Here are steps you can take:

Step 1

Distinguish yourself from your small business. This means you can really help your cause by incorporating or becoming a limited liability company (LLC). This is an independent entity from the owner( s). And it means you must register for a different identification number with IRS. If your small business is already an LLC you can skip this step altogether.

Click to download Credit Suite’s 12 business credit cards and credit lines business guide. Learn everything you need to know about getting the best credit cards for your business. via Credit Suite

Step 2

Get several company credit cards with personal guarantees. The ones with high spending limits will be better. For they are the ones reported to the business credit bureaus. Make certain when you obtain these products, they have the personal guarantee removal feature built in. Keep your credit utilization at one third of your credit ceiling or less. Pay promptly each time.

Don’t forget to use these business credit cards to make your business’s more sizable orders. These purchases, in combination with a low revolving debt and of course timely payment will show to the financial institution that your small business can take care of its financial resources effectively. It will also persuasively show that the available resources your business brings in suffices to cover debts and more.

Make sure that your personal credit history stays spotless. Eventually (six months to one year), you can file a personal guarantee removal request for these preexisting business credit cards. The bank will hold an account review, but they might also investigate your private credit report. If the bank approves your request then you have achieved your objective. If the bank refuses, don’t give up, just go to the next step.

Step 3

You can choose to apply for third-party guaranteed lending. For instance, this can be an SBA loan, for funds. Settling such a loan will help you grow your business credit score. You can also make an application for a business credit card from a particular store. These store credit cards ordinarily do not call for a personal guarantee.

Select a store where your small business makes purchases frequently and of course do not forget about those timely payments!

These store credit cards, together with an SBA loan will grow your PAYDEX score provided by Dun and Bradstreet. If you are unfamiliar with the terminology, no problem. So the quick version is that PAYDEX is for small businesses what FICO is for consumers. Store credit cards will grant you from the start an additional fringe benefit; they will reduce your individual liability for your business debt.

Ask the bank again to take off the personal guarantee clause. Or make an application for new company credit cards without a personal guarantee, after you have generated an 80 PAYDEX score under the above conditions. Your opportunity to acquire such credit cards will increase significantly.

Takeaways: Your Best Amex Card for Small Business

Your absolute best Amex card for small business will hinge on your credit history and scores. Just you can determine which perks you want and need. So make sure to do your homework.

And, as always, make sure to build credit in the established order for the maximum, fastest benefits. Check out how this will help your company get the best Amex Card for small business and other business credit cards.

About the author 

Janet Gershen-Siegel

Janet Gershen-Siegel is the seasoned Finance Writer and a former content manager at Credit Suite. She has been admitted to practice law for over 30 years, with a focus on litigation and product liability, and is a published author, with writing credits at Entrepreneur, FedSmith.com and BusinessingMag.com.

She has a BA in Philosophy from Boston University, a JD from the Delaware Law School of Widener University, and a MS in Interactive Media (Social Media) from Quinnipiac University.

She regularly writes for Credit Suite, which helps businesses improve Fundability™, build credit, and get approved for loans and credit lines.

Her specialties: business credit, business credit cards, business funding, crowdfunding, and law

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