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Published By Janet Gershen-Siegel at July 19th, 2018
Are you looking for the best business credit cards with rewards? We checked out a number of cards. Here are our favorites.
Per the SBA, corporate credit card limits are 10 – 100 times that of personal cards! This means you can get a lot more cash with business credit. And it also means you can have personal credit cards at retail stores.
Yet now you can also have a second card at the same retail stores for your business. And you won’t need to have collateral, cash flow, or financials to get company credit.
Features vary, so make certain to choose the benefit you prefer from this range of choices.
Look at the Business Gold Rewards Card from American Express OPEN. Get 50,000 Membership Rewards points after $5,000 in purchases in the first three months. And you get three points on your choice of five categories.
Also get two times the points on the remaining categories. In addition, get one point to the dollar on all other purchases. It has a $0 yearly fee for the first year. But then your yearly fee increases 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 upon account opening. Also get 50,000 Membership Rewards points after spending $10,000.
Then get an extra 25,000 points after spending $10,000 more on qualified purchases within first three months.
And also you can get five times the Membership Rewards points on flights and prepaid hotels on amextravel.com. But it has a $450 annual fee – YIKES!
For Travel Points, we like the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles after you make $1,000 in purchases in the first three months. But terms and limitations apply.
Also earn a $50 statement credit after you make a Delta purchase in the first three months. Earn two miles per dollar spent on purchases with Delta. Also, warn one mile per eligible 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. There is also a $200 yearly air travel fee credit. There is a $100 credit towards the Global Entry application fee. So this also includes access to TSA PreCheck program.
Also get one point per dollar spent on most purchases. You get 1.5 times the points on charges of $5,000 or more on eligible purchases. So this is up to one million more points per year.
Also, you get five points per dollar on flights and prepaid hotels from the American Express Travel website.
Also, look at the Ink Business Preferred Card from Chase. Get 80,000 bonus points after you spend $5,000 on purchases in the first three months. Earn three points per dollar on the first $150,000 spent in combined purchases.
So these are on travel, shipping purchases, internet, and cable and phone. They are also on advertising purchases made with social media sites and search engines per account anniversary year.
Earn one point per dollar on all of the other purchases. And there is no limit to how much you can earn.
Look at the SimplyCash Plus Business Credit Card from American Express. So you can earn up to $400 cash back. Also, earn a $200 statement credit after spending $5,000.
You get 5% cash back at US office supply stores and on wireless phone services from US service providers. However, this applies to the first $50,000 of yearly spending.
You also get 3% cash back on the spending category of your choice. So these are from eight separate categories, including air travel, gas, advertising and computer purchases. However, it applies to the first $50,000 of yearly spending.
In addition, get 1% cash back on all other purchases.
Also, look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can get a $200 statement credit after $500 in purchases during 60 days of account opening. Also get 3% cash back on purchases at gas stations and office supply stores.
So this is as much as $250,000 per year.
And you also get 2% cash back on purchases at restaurants. Also get 1% cash back on all purchases. There is no annual fee. It is of applicants with excellent credit. But you can only redeem your cash back in $25 increments.
Additionally, consider the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, with no limits. Also get a $200 cash bonus when you spend $3,000 in the first three months of account opening.
New customers also get introductory APR of 0% on purchases for nine months. And there is no yearly fee.
You may very well find that getting a business credit card with rewards is not your best option. But don’t worry! Because we have got you covered! Here are some more choices which might end up being better for you.
For a 0% APR time frame, we like the Ink Business Cash ℠ Credit Card. Also, you pay no yearly fee. It’s got an interest-free time period. It has versatile cash-back rewards. There are spending limits for employees. However, you will need to have a credit score of 690 or better.
For an introductory 0% APR period, we also prefer the Blue Business ℠ Plus Credit Card from American Express. And it has an introductory 0% APR for 15 Months. Also, you can earn double points on ordinary company expenses up to annual cap.
But the normal APR is 12.24% – 20.24% (variable).
Get it here: https://creditcard.americanexpress.com/blue/
For Fair Credit, we like the Capital One Spark Classic for Business. And it has no yearly fee. Also, there are cash-back rewards. But you will need a credit score of 690 or higher.
TAKE NOTE: the standard APR is 23.99% variable APR.
For Low APR/Balance Transfers Business Credit Cards, we like the U.S. Bank Business Edge Platinum. So you begin with twelve months of 0% APR financing on new purchases and balance transfers. But there is a 3% balance transfer fee.
Thereafter, the purchase APR is a variable 10.49% – 18.49%, which depends on creditworthiness. There is no annual fee. This card is just available to people with great or excellent credit. However, 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 initial 0% APR offer. And there is no annual fee.
So right now companies can get double points on the first $50,000 in purchases annually.
Get it here: https://creditcard.americanexpress.com/blue/
So check out the Wells Fargo Business Secured Credit Card. It allows cardholders to obtain a credit limit of $500 – $25,000. The amount available is equal to the amount of cash you pay to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. The annual fee is $25. The more cards you have, the more expensive your annual fee is going to be.
This card lets small business owners with bad personal credit get a card to make purchases and establish business credit.
But the card will only report to the personal credit bureaus if you default or are late on payments. So be careful!
Your best business credit cards with rewards depend on your credit history and scores. Just you can make a decision on which features you want and need. So be sure to do your due diligence. And that should the case in all matters, yes?
Also, you may find that rewards from your business credit cards make less sense than other features. So always be sure to do your due diligence and keep an open mind. And always make sure to consider both your short and long term needs. They may differ.
Get your hands on the best business credit cards with rewards before anyone else does! We can help you get what you want and need.
And, as always, make sure to build credit in the established order for the optimum, fastest benefits. Check out how this will help your company get the best business credit cards with rewards.