Published By Janet Gershen-Siegel at January 7th, 2019
Are you looking for the best business rewards cards? We examined a number of company credit cards. So 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 money with small business credit. And this also means you can have personal credit cards at retail stores. So you would now have an additional card at the same shops for your small business.
And you will not need collateral, cash flow, or financials in order to get company credit.
Features vary, so make certain to choose the benefit you prefer from this assortment of options.
Check out 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 this is during first three months.
You get three points on your choice of 5 categories. And you get two times the points on the remaining categories. Also, get one point per dollar on all other purchases.
It has a $0 annual fee for the first year. But then your annual fee rises to $175.
For Travel Points, we prefer the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles. So 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.
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 3 months.
Earn two miles per dollar spent on purchases made directly with Delta. Also, 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 get Gold Status when you enroll in 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. And this includes 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 on charges of $5,000 or more on eligible purchases. So this is up to one million additional points annually.
You get 5 points per dollar spent purchasing flights and prepaid hotels from the American Express Travel site.
Also, be sure to take a look at the Ink Business Preferred Card from Chase. Earn 80,000 bonus points. But this is after you spend $5,000 on purchases. And it is within your initial 3 months from account opening.
Earn three points per dollar. But this is on the first $150,000. And it must be spent in combined purchases on travel, shipping purchases, internet, and cable and phone. It is also for advertising purchases made with social media sites and search engines each account anniversary year.
Earn one point per dollar on all of the other purchases. There is no cap to the amount you can earn.
Check out the Wells Fargo Business Secured Credit Card. It enables cardholders to secure a credit limit of $500 – $25,000. The amount on offer corresponds to the amount of money you offer to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. So the annual fee is $25. But the more cards you have the more expensive your yearly fee is going to be.
This card allows small 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 bureaus if you default or are overdue on payments.
For Fair Credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. But you will have to have a credit score of 690 or better.
NOTE: the standard APR is 23.99% variable APR.
Look at the SimplyCash Plus Business Credit Card from American Express. You can earn up to $400 cash back. Get a $200 statement credit. But that 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. So this applies to the first $50,000 of yearly spending.
You also get 3% cash back on the spending category of your choice. And this is from eight different categories. So they include airfare, gas, advertising and computer purchases.
So this applies to the first $50,000 of yearly spending. Additionally 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 this is during 60 days of account opening.
You also get 3% cash back on purchases at gas stations and office supply stores. So this is as much as $250,000 yearly.
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 available to applicants with excellent credit. But you can only redeem your cash back in $25 increments.
Furthermore, check out the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases. So this is without any restrictions.
New cardholders can also get a $200 cash bonus. And that is as soon as they spend $3,000 on new purchases. But it is during the first three months of account opening.
New customers also get introductory APR of 0% on purchases. But that 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 yearly fee. It’s got an interest-free period. It has versatile cash-back rewards. There are spending limits for your employees. You will need to have a credit score of 690 or higher.
For an introductory 0% APR period, we also like the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. You can earn double points on ordinary business expenses. But this is up to annual limit.
The standard APR is 12.24% – 20.24%. So the APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You start with twelve months of 0% APR financing. But that is on new purchases and balance transfers. There is a 3% balance transfer charge.
Afterwards, the purchase APR is a variable 10.49% – 18.49%. So this depends upon creditworthiness.
There is no annual fee. This card is just available to those with great or outstanding credit. Unfortunately, there is no rewards program for purchases.
Also, check out the Blue Business Plus Credit Card from American Express. It has a 15-month introductory 0% APR offer.
There is no annual fee. Right now businesses can get double points on the initial $50,000 in purchases annually.
Get it here: https://creditcard.americanexpress.com/blue/
Your preferred business credit cards are dependent upon your credit history and scores. Just you can figure out which advantages you want and need. So make sure to do your due diligence.
And, as always, make sure to build credit in the recommended order for the highest, fastest benefits. Check out how this will help your company get business credit cards.
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