Published By Janet Gershen-Siegel at February 26th, 2019
We examined a ton of corporate credit cards, looking for the best credit card for business. We did the research for you! So here are our favorites.
Per the SBA, company credit card limits are a whopping 10 – 100 times those of personal cards!
This shows you can get a lot more money with small business credit. And this also means you can have personal charge cards at shops. So you would now have an alternate card at the same stores for your business.
And you won’t have to put up collateral, cash flow, or financials in order to get corporate credit.
Perks vary. So make sure to pick the perk you prefer from this range of possibilities.
For a 0% APR time frame, we prefer the Ink Business Cash ℠ Credit Card. Also, you pay no annual cost. It’s got an interest-free time period. It has flexible cash-back rewards. There are spending limits for employees. But you will need a credit score of 690 or better.
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. Also, you can earn double points on daily business expenses up to a yearly limit. But the standard APR is 12.24% – 20.24%. So this APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
For Fair Credit, we like the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. But you will have to have a credit score of 690 or better.
But BEAR IN MIND: the standard APR is 23.99% variable APR.
For Travel Points, we like the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles. But this is after you make $1,000 in purchases on your new card. And it is during your very first three months. Terms and limitations apply.
Also earn a $50 statement credit. But this is after you make a Delta purchase with your card. And it is in your first 3 months. Earn two miles per dollar spent on purchases made straight with Delta. Also, 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 get Gold Status when you register 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, which includes 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. But this is on charges of $5,000 or more. And it is on eligible purchases. But this is up to one million more points annually. Get five points per dollar. But this is for purchasing flights and prepaid hotels from the American Express Travel site.
Also, be sure to check out the Ink Business Preferred Card from Chase. Get 80,000 bonus points. But this is after you spend $5,000 on purchases. And it is within the first three months from account opening.
Get three points per dollar. But this is on the first $150,000 spent 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. But this is for each account anniversary year.
Also, 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. So you start off with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer charge.
After that, the purchase APR is a variable 10.49% – 18.49%. And this is dependent on creditworthiness. There is no yearly fee. But this card is solely available to people with great or outstanding credit. But there is no rewards program for purchases.
Also, take 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 businesses can get double points. But this is 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 secure a credit limit of $500 – $25,000. The amount available matches the amount of money you provide to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. And the annual fee is $25. But the more cards you have, the higher your yearly fee will be.
This card lets company owners with bad personal credit to obtain a card to make purchases and create business credit.
But the card will only report to the personal credit bureaus if you default or are behind on payments.
Check out the SimplyCash Plus Business Credit Card from American Express. So you can earn up to $400 cash back. Get a $200 statement credit. But this is after spending $5,000.
Also, get 5% cash back at US office supply stores and on wireless phone services. So these must be bought from US service providers. But this applies to the first $50,000 of yearly spending.
You also get 3% cash back on the spending category of your choice. So this is from eight different categories. They include air travel, gas, advertising and computer purchases. But it applies to the first $50,000 of annual spending.
Plus 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 this is after $500 in purchases . And that is during 60 days of account opening.
You also get 3% cash back on purchases at filling stations and office supply stores. But this is up to $250,000 per year.
Also, you get 2% cash back on purchases at eateries. And get 1% cash back on all purchases. Also, there is no yearly fee. But it is available to applicants with excellent credit.
But you can only redeem your cash back in $25 increments.
Furthermore, have a look at the Spark Cash Select from Capital One. So you get 1.5% cash back on all purchases. So this is without any restrictions.
New cardholders can also get a $200 cash bonus. But that is as soon as they spend $3,000 on new purchases. So this is during the first three months of account opening.
New customers also get initial APR of 0% on purchases. But that is for nine months. Also, there is no yearly fee.
Consider the Business Gold Rewards Card from American Express OPEN. So you can get 50,000 Membership Rewards points. But this is 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 remaining categories.
Also, get one point per dollar on all other purchases. It has a $0 yearly fee for the first year. But then afterwards your yearly fee increases to $175.
Also, have a look at the Business Platinum ® Card from American Express OPEN. So you can get up to 75,000 Membership Rewards points at the time of account opening.
Also earn 50,000 Membership Rewards points. But this is after spending $10,000.
In addition, get 25,000 more points. But that is after spending an additional $10,000 all on eligible purchases. But this is within first three months.
Additionally you can get five times the Membership Rewards points. So this is on flights and pre-paid hotels on amextravel.com. But it has a $450 annual fee. Yikes!
Your best credit card for business will hinge upon your credit history and scores.
Just you can choose which perks you want and need. So be sure to do your due diligence. What is excellent for you could be disastrous for someone else.
And, as always, make sure to build credit in the prescribed order for the most brilliant, fastest benefits.
Check out how our reliable process will help your business get the best business credit cards.