Published By Janet Gershen-Siegel at November 17th, 2018
Are you searching for the best business Visa card? We examined a ton of small business credit cards; here are our favorites. And as a special bonus, we are also showing other providers’ cards.
Because even though you’re looking for a Visa card, you could conceivably find a better deal from American Express or MasterCard.
Per the SBA, business credit card limits are 10 – 100 times those of personal cards! This means you can get a lot more money with corporate credit. And it also means you can have personal credit cards at shops.
So you now have a second card at the same stores for your small business. And you will not have to provide collateral, cash flow, or financials in order to get business credit.
Benefits vary, so make sure to pick the perk you prefer from this array of choices.
For a 0% APR time period, we prefer the Ink Business Cash ℠ Credit Card. You pay no yearly fee. It’s got an interest-free period. It has flexible cash-back rewards. There are spending limits for employees. You will need a credit score of 690 or higher.
For Fair Credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. You will need to have a credit score of 690 or higher. TAKE NOTE: the standard APR is 23.99% variable APR.
Be sure to Check out the Ink Business Preferred Card from Chase. Get 80,000 bonus points after you spend $5,000 on purchases within the initial 3 months from account opening. Earn three points for each dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, and cable and phone.
Also get three points to the dollar on advertising purchases made with social media sites and search engines each account anniversary year. Earn one point per dollar on all other purchases. There is no restriction to the amount you can earn.
For Low APR/Balance Transfers Business Credit Cards, we like the U.S. Bank Business Edge Platinum. You begi
n with twelve months of 0% APR financing on new purchases and balance transfers.
There is a 3% balance transfer cost. After that, the purchase APR is a variable 10.49% – 18.49%, which depends upon creditworthiness.
There is no yearly fee. This card is just available to those with great or excellent credit. However, there is no rewards program for purchases.
Take a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, without restrictions. New cardholders can also get a $200 cash bonus once they spend $3,000 on new purchases within three months of account opening.
New customers also get introductory APR of 0% on purchases for nine months. There is no annual fee.
You may very well find what you feel is the best business Visa card is bested by another provider’s offering. So we are also showing choices from other providers. These are some great cards from MasterCard and American Express.
For an introductory 0% APR time period, we also like the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. Also, you can earn twice the points on daily company purchases up to a yearly limit. The normal APR is 12.24% – 20.24% (variable).
Get it here: https://creditcard.americanexpress.com/blue/
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 on your new card within your first three months. Terms and limitations apply.
In addition earn a $50 statement credit after you make a Delta purchase with your card in your first three months. Earn two miles per dollar spent on purchases made straight with Delta. Earn one mile per 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 enroll in 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, including access to TSA PreCheck program. And you also get one point for every dollar spent on most purchases.
Also, you get 1.5 times the points on charges of $5,000 or more on qualified purchases. However, this is up to one million added points per year. Get five points per dollar spent buying flights and prepaid hotels from the American Express Travel website.
Have a look at 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 corporations can get double points on the initial $50,000 in purchases annually.
Get it here: https://creditcard.americanexpress.com/blue/
Check out the Wells Fargo Business Secured Credit Card. It enables cardholders to obtain a credit limit of $500 – $25,000. The amount available equates to the amount of money you supply 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 higher your yearly fee is going to be.
This card lets business owners with bad personal credit to obtain a card to make purchases and build business credit.
However, the card will only report to the personal credit bureaus if you default or are overdue on payments.
Take a look at the SimplyCash Plus Business Credit Card from American Express. So you can earn as much as $400 cash back.
Get a $200 statement credit after spending $5,000. Also, get 5% cash back at US office supply stores and on wireless phone services bought from US service providers. However, this applies to the first $50,000 of annual spending.
You also get 3% cash back on the spending category of your choice. So this is from eight varying categories. They include airfare, gas, advertising and computer purchases. However, it applies to the first $50,000 of annual 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 earn a $200 statement credit after $500 in purchases during 60 days of account opening.
You also get 3% cash back on purchases at filling stations and office supply stores. However, this is as much as $250,000 yearly.
Also, you get 2% cash back on purchases at restaurants, and 1% cash back on all purchases. There is no annual fee. It is offered to applicants with outstanding credit.
However, you can only redeem your cash back in $25 increments.
Take a look at the Business Gold Rewards Card from American Express OPEN. So you can earn 50,000 Membership Rewards points after $5,000 in purchases on the card within first three months.
Also, you get three points on your choice of five categories. In addition, get two times the points on the other categories. Also, get one point per dollar on all other purchases.
It has a $0 annual fee for the first year. However, then afterwards your yearly fee goes up to $175.
Also, take a look at the Business Platinum ® Card from American Express OPEN. So you can get as much as 75,000 Membership Rewards points upon account opening.
Also earn 50,000 Membership Rewards points subsequent to spending $10,000. In addition, get 25,000 more points after spending an added $10,000 all on qualifying purchases within first three months.
Plus you can get five times the Membership Rewards points on flights and pre-paid hotels on amextravel.com. However, it has a $450 yearly fee.
Your best business Visa card hinges on your credit history and scores. Just you can make a decision on which rewards you want and need. So always make sure to do your homework. And, as always, make certain to build credit in the prescribed order for the maximum, fastest benefits.