Published By Janet Gershen-Siegel at December 12th, 2018
Get the bragging rights! The best business credit cards for balance transfers can be YOURS!
Per the SBA, business credit card limits are 10 – 100 times that of personal cards! This shows you can get a lot more cash with company credit. And this also means you can have personal charge cards at retail stores. Also, you would now have an alternate card at the same stores for your business.
And you won’t have to have collateral, cash flow, or financials in order to get business credit.
Perks vary. So be sure to choose the perk you prefer from this collection of choices.
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You begin with twelve months of 0% APR financing. So this is on new purchases and balance transfers. But there is a 3% balance transfer cost.
Thereafter, the purchase APR is a variable 10.49% – 18.49%. So this is dependent on creditworthiness.
Also, there is no annual fee. So this card is only available to people with great or outstanding credit. But there is no rewards program for purchases.
Also, investigate the Blue Business Plus Credit Card from American Express. It has a 15-month initial 0% APR offer. Also, there is no yearly fee. Right now businesses can earn double points on the initial $50,000 in purchases per year.
Get it here: https://creditcard.americanexpress.com/blue/
For a 0% APR time period, we like the Ink Business Cash ℠ Credit Card. You pay no yearly fee.
And it’s got an interest-free time period. It has versatile cash-back rewards. There are spending limits for employees. But you will need a credit score of 690 or higher.
For an introductory 0% APR time period, we also prefer 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 routine company expenses up to an annual limit. The regular APR is 12.24% – 20.24%. So the APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
For Fair Credit, we like the Capital One Spark Classic for Business. Also, it has no yearly fee. And there are cash-back rewards. But you will need to have a credit score of 690 or higher.
KEEP IN MIND: the ongoing APR is 23.99% variable APR. Yikes!
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to procure a credit limit of $500 – $25,000. The amount on offer matches the amount of cash you offer to secure the line. So 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 higher your annual fee is going to be. This card allows company owners with poor personal credit to get 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 overdue on payments.
Consider the SimplyCash Plus Business Credit Card from American Express. You can earn up to $400 cash back. And you can earn a $200 statement credit. But this is after spending $5,000.
You get 5% cash back at US office supply stores and on wireless phone services. But these must be bought directly from US service providers. And this applies to the first $50,000 of annual spending.
You also get 3% cash back on the spending category of your choice. So these are from eight separate categories. And these consist of airfare, gas, advertising and computer purchases. So this applies to first $50,000 of annual spending.
In addition 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 get a $200 statement credit. But this is after $500 in purchases. And it is during 60 days of account opening.
You also get 3% cash back. So this is on purchases at filling stations and office supply stores. And this is as much as $250,000 per year.
And you get 2% cash back on purchases at restaurants. Also, get 1% cash back on all purchases. There is no yearly fee. It is offered to applicants with exceptional credit. And you can only redeem your cash back in $25 increments.
Additionally, check out the Spark Cash Select from Capital One. 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. And it is within three months of account opening.
New customers also get an initial APR of 0% on purchases for nine months. And there is no yearly fee.
Have a look at the Business Gold Rewards Card from American Express OPEN. You can get 50,000 Membership Rewards points. But that is after $5,000 in purchases on the card. And it is within first three months.
You get three points on your choice of five categories. Also, you get two times the points on the other categories. And you get one point per dollar on all other purchases. It has a $0 annual fee for the first year. But after that your annual fee climbs to $175.
Also, take a look at the Business Platinum ® Card from American Express OPEN. You can earn as many as 75,000 Membership Rewards points. And this is at the time of account opening.
You can also earn 50,000 Membership Rewards points. But that is after spending $10,000.
Also, get an extra 25,000 points. But this is after spending an additional $10,000. And it all has to be on qualifying purchases. And it is within the first three months.
Additionally you can get five times the Membership Rewards points on flights and prepaid hotels on amextravel.com. But it has a $450 annual fee.
For Travel Points, we have a preference for 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 new card. And this is during your first 3 months.
Earn two miles per dollar spent on purchases made directly with Delta. And earn one mile on each qualifying 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 sign up for the Starwood Preferred Guest program. You receive a $200 annual air travel fee credit.
There is a $100 credit towards the Global Entry application fee. And this includes access to TSA PreCheck program. You get one point for every dollar spent on most purchases. Also, you get 1.5 times the points. But this is on charges of $5,000 or more on qualifying purchases. So this is up to one million more points per year.
And you get five points per dollar spent buying flights and prepaid hotels from the American Express Travel site.
Also, make sure to take a look at the Ink Business Preferred Card from Chase. Get 80,000 bonus points. But this is once you spend $5,000 on purchases. And it must be in the initial three months from account opening.
Earn three points per 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. It is for each account anniversary year.
Earn one point per dollar on all of the other purchases. And there is no cap to the amount you can earn.
Your very best company credit cards are based on your credit history and scores. Only you can determine which advantages you want and need. So be sure to do your homework.
And, as always, make certain to build credit in the established order for the optimum, fastest benefits.