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.
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/
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 5 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.
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.