WANT TO IMPROVE YOUR BUSINESS CREDIT & FUNDABILITY?
Subscribe to Our
Weekly Email Newsletter to Get Actionable Credit Building & Financing Info
We Respect Your Privacy
Published By Janet Gershen-Siegel at December 24th, 2018
Are you looking for the best business credit cards for cash back? Check out what we’ve found, including cards with other kinds of perks, as you may find those are a better value for you than just cash back.
According to the SBA, small business credit card limits are 10– 100 times those of personal cards! This shows you can get a lot more cash with company credit. And this also means you can have personal credit cards at stores. Also, you would now have an alternate card at the same shops for your business.
And you will not have to have collateral, cash flow, or financial information in order to get company credit.
Features vary. So make sure to pick the reward you prefer from this collection of options.
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. But this is after spending $5,000.
You get 5% cash back at US office supply stores and on wireless phone services. But they must be straight from US service providers. So this applies to the initial $50,000 of yearly spending.
You also get 3% cash back on the spending category of your choice. And this is from eight varying categories. So they include air travel, gas, and advertising and computer purchases. And this applies to the initial $50,000 of yearly 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 earn a $200 statement credit. But that’s after $500 in purchases. And this is during 60 days of account opening.
You also get 3% cash back on purchases at filling stations and office supply stores. So this is up to $250,000 annually.
And you get 2% cash back on purchases at restaurants. Also, you get 1% cash back on all purchases.
There is no yearly fee. It is available to applicants with excellent credit. But you can only redeem your cash back in $25 increments.
In addition, have a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases. So this is without restrictions.
New cardholders can also get a $200 cash bonus. But that is as soon as they spend $3,000 on new purchases. And it is during the first three months of account opening.
New customers also get introductory APR of 0% on purchases. But this is for nine months. There is no annual fee.
For a 0% APR period, we prefer the Ink Business Cash ℠ Credit Card. You pay no annual cost. It’s got an interest-free time period. It has flexible 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 go for the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months.
You can earn double points on day-to-day company purchases. But that is up to an annual limit. The standard APR is 12.24%– 20.24%. So the APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
But there is a 3% balance transfer charge. Afterwards, the purchase APR is a variable 10.49%– 18.49%. So this is dependent on creditworthiness.
There is no yearly fee. This card is only available to those with great or outstanding credit. Unfortunately, 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 introductory 0% APR offer. So there is no annual fee. Right now businesses can earn double points on the first $50,000 in purchases each year.
Get it here: https://creditcard.americanexpress.com/blue/
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 during your very first three months.
Terms and limitations apply. In addition earn a $50 statement credit. But that is after you make a Delta purchase with your new card. And it is within your first three months.
Earn two miles per dollar spent on purchases made directly with Delta. And earn one mile on each qualified 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 register for the Starwood Preferred Guest program. There is also a $200 annual air travel fee credit.
There is a $100 credit towards the Global Entry application fee. So this includes access to TSA PreCheck program. You get one point for every dollar spent on the majority of purchases.
And you get 1.5 times the points. But this is on charges of $5,000 or more on qualifying purchases. So it is up to one million added points per year.
You get five points per dollar. But they must be spent purchasing flights and prepaid hotels from the American Express Travel web site.
Also, make sure to take a look at the Ink Business Preferred Card from Chase. Get 80,000 bonus points. But that is once you spend $5,000 on purchases. And it is within the first three months from account opening.
Earn three points per dollar. So this is on the first $150,000 spent. But it must be on combined purchases on travel, shipping purchases, internet, and cable and phon. It can also be on 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 limit to the amount you can earn.
For Fair Credit, we are partial to the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. But you will have to have a credit score of 690 or higher. TAKE NOTE: the standard APR is 23.99% variable APR.
Check out the Wells Fargo Business Secured Credit Card. It enables cardholders to procure a credit limit of $500– $25,000. The amount on offer matches the amount of money you provide to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. The annual fee is $25. But the more cards you have the more expensive your annual fee will be.
This card allows business owners with poor personal credit to get a card to make purchases and set up business credit.
But the card will only report to the personal credit agencies if you default or are late on payments.
Consider the Business Gold Rewards Card from American Express OPEN. You can earn 50,000 Membership Rewards points. But that is after $5,000 in purchases on the card. So that is during first three months.
You get three points on your choice of five categories. And 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 annual fee increases to $175.
Also, check out the Business Platinum ® Card from American Express OPEN. You can earn as much as 75,000 Membership Rewards points. But that is upon account opening.
You can also earn 50,000 Membership Rewards points. But this is after spending $10,000.
And get an extra 25,000 points. But that is after spending an additional $10,000 all on eligible purchases. So it is within the initial three months.
And also you can get five times the Membership Rewards points. So these are on flights and pre-paid hotels on amextravel.com. But keep in mind; it has a $450 yearly fee.
Your preferred business credit cards hinge on your credit history and scores. Just you can make a decision on which advantages you want and need. So make sure to do your homework.
And, as always, make sure to build credit in the prescribed order for the highest, fastest benefits.