Published By Janet Gershen-Siegel at June 29th, 2020
Are you looking for the best balance transfer business credit cards? Check out what we’ve found!
We looked into a lot of corporate credit cards for you. So, here are our favorites.
Per the SBA, corporate credit card limits are a whopping 10 – 100 times that of personal credit cards!
This reveals you can get a lot more funds with corporate credit cards. And it likewise shows you can have personal credit cards at shops. So, you would now have an extra card at the exact same stores for your company.
And you will not need collateral, cash flow, or financials to get corporate credit.
Benefits can differ. So, make certain to select the benefit you would like from this selection of alternatives.
Your best balance transfer business credit card comes with travel points!
Have a look at the Capital One® Spark® Miles for Business. It has an introductory annual fee of $0 for the first year, which then rises to $95. The regular APR is 18.49%, variable due to the prime rate. There is no introductory annual percentage rate. Pay no transfer fees. Late fees go up to $39.
This card is fantastic for travel if your expenditures don’t come under common bonus categories. You can get unlimited double miles on all purchases, without limits. Earn quintuple miles on rental cars and hotels if you book through Capital One Travel.
Get an introductory bonus of 50,000 miles. That’s the same as $500 in travel. Yet you only get it if you spend $4,500 in the initial 3 months from account opening. There is no foreign transaction fee. You will need a good to outstanding FICO rating to qualify.
Have a look at the Brex Card for Startups. It has no yearly fee.
You will not need to supply your Social Security number to apply. And you will not need to provide a personal guarantee. They will take your EIN.
However, they do not accept every industry.
Also, there are some industries they will not work with, as well as others where they want added documentation. For a list, go here: https://brex.com/legal/prohibited_activities/.
To determine creditworthiness, Brex checks a company’s cash balance, spending patterns, and investors.
You can get 7x points on rideshare. Get 4x on Brex Travel. Also, get triple points on restaurants. And get double points on recurring software payments. Get 1x points on everything else.
You can have bad credit scores (even a 300 FICO) to qualify.
Find it here: https://brex.com/lp/startups-higher-limits/
Have a look at the Capital One® Spark® Classic for Business. It has no annual fee. There is no introductory APR offer. The regular APR is a variable 24.49%. You can get unlimited 1% cash back on every purchase for your company, with no minimum to redeem.
While this card is within reach if you have average credit, beware of the APR. Yet if you can pay in a timely manner, and in full, then it’s a good deal.
Take a look at the Ink Business Unlimited℠ Credit Card. Beyond no yearly fee, get an introductory 0% APR for the initial one year. After that, the APR is a variable 14.74 – 20.74%.
You can get unlimited 1.5% Cash Back rewards on every purchase made for your business. And get $500 bonus cash back after spending $3,000 in the initial three months from account opening. You can redeem your rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®. You will need exceptional credit scores to get this card.
Check out the Blue Business® Plus Credit Card from American Express. It has no annual fee. There is a 0% introductory APR for the first year. Afterwards, the APR is a variable 14.74 – 20.74%.
Get double Membership Rewards® points on everyday company purchases like office supplies or client suppers for the first $50,000 spent annually. Get 1 point per dollar afterwards.
You will need good to outstanding credit to qualify.
Capital One ® Spark® Cash for Business
Check out the Capital One® Spark® Cash for Business. It has an introductory $0 annual fee for the initial year. Afterwards, this card costs $95 per year. There is no introductory APR offer. The regular APR is a variable 18.49%.
You can get a $500 one-time cash bonus after spending $4,000 in the first three months from account opening. Get unlimited 2% cash back. Redeem any time without any minimums.
You will need great to excellent credit scores to qualify.
Take a look at the Plum Card® from American Express. It has an introductory yearly fee of $0 for the first year. Afterwards, pay $250 each year.
Get a 1.5% early pay discount cash back bonus when you pay within 10 days. You can take up to 60 days to pay without interest when you pay the minimum due by the payment due date.
You will need great to exceptional credit to qualify.
Check out the Capital One® Spark® Cash Select for Business. It has no annual fee. You can get 1.5% cash back on every purchase. There is no limit on the cash back you can earn. And earn a one-time $200 cash bonus when you spend $3,000 on purchases in the first three months. Rewards never expire.
Pay a 0% introductory APR for 9 months. Then pay 14.49% – 22.49% variable APR after that.
You will need great to excellent credit to qualify.
Your straight-out ideal company credit cards hinge on your credit report and ratings.
Only you can select which features you want and need. So, to do your research. What is outstanding for you could be disastrous for another person.
And, as always, ensure to establish credit in the recommended order for the best, fastest benefits.
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