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 January 2nd, 2019
Is your question: what are the best business credit cards for rewards? Read on, and find out.
According to the SBA, small business credit card limits are 10 – 100 times that of personal cards! This shows you can get a lot more cash with small business credit. And it also means you can have personal charge cards at retail stores. Plus you would now have a second card at the same retail stores for your company.
And you will not have to have collateral, cash flow, or financials in order to get corporate credit.
Perks vary. So be sure to pick the advantage you prefer from this assortment of possibilities.
Take a look at the Business Gold Rewards Card from American Express OPEN. You can get 50,000 Membership Rewards points after $5,000 in purchases on the card. But this is during the first three months.
You get three points on your choice of five categories. Also, get two times the points on the remaining categories. And get one point per dollar on all other purchases.
It has a $0 annual fee for the first year. But then your yearly fee climbs to $175.
Also, take a look at the Business Platinum ® Card from American Express OPEN. You can get up to 75,000 Membership Rewards points. So this is upon account opening.
You can also earn 50,000 Membership Rewards points. But that 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. And it is during the first three months.
Additionally you can get five times the Membership Rewards points on flights and pre-paid hotels on amextravel.com. But keep in mind. It has a $450 yearly fee.
For Travel Points, we like the Gold Delta SkyMiles Business Credit Card from American Express.
So you can get 30,000 bonus miles. But that is after you make $1,000 in purchases on your new card. And this is within your 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 brand 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 get Gold Status when you sign up for the Starwood Preferred Guest program. And you get a $200 annual air travel fee credit.
There is a $100 credit towards the Global Entry application fee, including access to TSA PreCheck program. You get one point per 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 qualified purchases. So it is up to one million additional points per year.
You get five points per dollar spent buying flights and prepaid hotels from the American Express Travel website.
Also, make sure to check out the Ink Business Preferred Card from Chase. Get 80,000 bonus points. But this is once you spend $5,000 on purchases. And it is in your initial three months from account opening.
Earn three points per dollar. But this is on the first $150,000 spent. And it is 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 each account anniversary year.
And earn one point per dollar on all other purchases. There is no restriction to the amount you can earn.
Take a look at the SimplyCash Plus Business Credit Card from American Express. You can earn up to $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. But they must be bought directly from US service providers. So 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 varying categories. And they include airfare, gas, advertising and computer purchases. So this applies to the first $50,000 of annual spending. And also 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 after $500 in purchases. But this is during 60 days of account opening.
You also get 3% cash back on purchases at gasoline stations and office supply stores. So 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 annual fee.
But it is available 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, without any limits.
New cardholders can also get a $200 cash bonus. But this is as soon as they spend $3,000 on new purchases. And this is within three months of account opening.
New customers also get initial APR of 0%. But this is on purchases for nine months. And there is no annual fee.
So for a 0% APR time period, we prefer the Ink Business Cash ℠ Credit Card. You pay no yearly cost. It’s got an interest-free time period. It has versatile cash-back rewards. There are spending limits for employees. You will need a credit score of 690 or higher.
For an introductory 0% APR time period, we also go for the Blue Business ℠ Plus Credit Card from American Express. So it has an introductory 0% APR for 15 months. You can earn twice the points on regular company expenses up to a yearly cap.
The normal APR is 12.24% – 20.24%. So this APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
For Low APR/Balance Transfers Business Credit Cards, we like the U.S. Bank Business Edge Platinum. You begin with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer charge.
Thereafter, the purchase APR is a variable 10.49% – 18.49%. So this depends on creditworthiness. A
nd there is no yearly fee. So this card is just on offer to those with great or excellent 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. And there is no yearly fee. Right now companies can get double points on the first $50,000 in purchases yearly.
Get it here: https://creditcard.americanexpress.com/blue/
So take a look at the Wells Fargo Business Secured Credit Card. It allows cardholders to get a credit limit of $500 – $25,000. The amount offered corresponds to the amount of cash you offer to secure the line.
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 yearly fee will be. This card allows small business owners with bad personal credit to get a card to make purchases and create business credit.
But the card will just report to the personal credit agencies if you default or are late on payments.
So for fair credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. You will have to have a credit score of 690 or better. NOTE: the standard APR is 23.99% variable APR.
Your absolute best business credit cards are dependent on your credit history and scores. Only you can make a decision on which advantages you want and need. So be sure to do your homework.
And, as always, make certain to build credit in the prescribed order for the max, fastest benefits.