Itching for the Very Best Credit Card to Build Credit for Small Business?
Want the best credit card to build credit for small business? We got you covered.
We looked at a lot of corporate credit cards. We did the research for you. So here are our favorites.
Per the SBA, small business credit card limits are a whopping 10 – 100 times that of personal cards!
This shows you can get a lot more cash with corporate credit. And it also means you can have personal credit cards at shops. So you would now have an additional card at the same shops for your small business.
And you won’t have to have collateral, cash flow, or financial information to get corporate credit.
The Best Credit Card to Build Credit for Small Business: Credit card Advantages
Features vary, so be sure to select the perk you prefer from this selection of alternatives.
The Best Credit Card to Build Credit for Small Business: Credit Builder Company Credit Cards – Make Your Credit Surge!
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to get a credit limit of $500 – $25,000. The amount offered equates to the amount of funding 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 is going to be.
This card lets company owners with bad personal credit to get a card to make purchases and build business credit.
But the card will just report to the personal credit agencies if you default or are behind on payments.
Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/
The Best Credit Card to Build Credit for Small Business: Corporate Credit Cards with 0% APR – Pay Zero!
For a 0% APR period, we prefer 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. But you will have to have a credit score of 690 or higher.
Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-cash
The Best Credit Card to Build Credit for Small Business: Reliable Low APR/Balance Transfers Business Credit Cards
For Low APR/Balance Transfers Business Credit Cards, we like the U.S. Bank Business Edge Platinum. So you start with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer cost.
Thereafter, the purchase APR is a variable 10.49% – 18.49%. And this depends on creditworthiness. There is no yearly fee. But this card is just on offer to people with great or exceptional credit. But there is no rewards program for purchases.
Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do
The Best Credit Card to Build Credit for Small Business: Secure Small Business Credit Cards for Fair Credit
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 need a credit score of 690 or higher.
But BEAR IN MIND: the standard APR is 23.99% variable APR.
Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/
The Best Credit Card to Build Credit for Small Business: Business Credit Cards for Luxurious Travel Points
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.
In addition earn a $50 statement credit. But this is after you make a Delta purchase with your card. And it is in your first three months. Earn two miles per dollar spent on purchases made directly with Delta. Also, earn one mile per qualified dollar spent on purchases.
Get it here: https://www.americanexpress.com/us/small-business/credit-cards/gold-delta-skymiles/44279
An Alternative: A Terrific Card for Cash Back
Check out the Spark Cash Select from Capital One. So you get 1.5% cash back on all purchases. So this is without limitations.
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 introductory APR of 0% on purchases. But that is for nine months. Also, there is no yearly fee.
Get it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/
An Alternative: A Great Card for Jackpot Rewards
Take a look at the Business Gold Rewards Card from American Express OPEN. So you can earn 50,000 Membership Rewards points. But this is after $5,000 in purchases on the card during 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 yearly fee for the first year. But then afterwards your annual fee rises to $175.
Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-gold-rewards
Your Best Credit Card to Build Credit for Small Business
Your optimal small business credit cards are dependent upon your credit history and scores.
Only you can make a decision on which advantages you want and need. So be sure to do your research. What is excellent for you could be disastrous for someone else.
And, as always, make sure to build credit in the established order for the best, fastest benefits. Check out how this will help your company get the best credit card to build credit for small business.