Published By Janet Gershen-Siegel at March 24th, 2019
Check out the best rated business credit cards.
We examined a considerable number of corporate credit cards. We did the research for you. So here are our favorites.
According to the SBA, corporate credit card limits are 10 – 100 times those of personal cards!
This shows you can get a lot more money with company credit. And it also means you can have personal charge cards at shops. Plus you would now have an alternate card at the same retail stores for your company.
And you won’t have to have collateral, cash flow, or financial information in order to get business credit.
Benefits vary, so make sure to choose the benefit you prefer from this variety of alternatives.
Check out the SimplyCash Plus Business Credit Card from American Express. So you can earn as much as $400 cash back. Earn 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 initial $50,000 of yearly spending.
You also get 3% cash back on spending category of your choice. So this is from eight separate categories. They include airfare, 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.
With it, you can get a $200 statement credit. But this is after $500 in purchases . And that is within 60 days of account opening.
You also get 3% cash back on purchases at filling stations and office supply stores. But this is as much as $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.
For a 0% APR time 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 need to have a credit score of 690 or higher.
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 purchases up to annual limit. But the normal APR is 12.24% – 20.24%. So this APR is 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. But this is after you make $1,000 in purchases on your new card. And it is within your 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 three months. Earn two miles per dollar spent on purchases made straight with Delta. Also, earn one mile per qualified dollar spent on purchases.
Also, make sure to check out the Ink Business Preferred Card from Chase. Get 80,000 bonus points. But this is once you spend $5,000 on purchases. And it is in the initial three months from account opening.
Earn 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, get one point per dollar on all of the other purchases. There is no cap 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.
Afterwards, the purchase APR is a variable 10.49% – 18.49%. And this depends upon creditworthiness. There is no annual fee. But this card is only on offer to people with great or exceptional 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 initial 0% APR offer. There is no yearly fee.
Right now corporations can get double points. But this is on the initial $50,000 in purchases each year.
Get it here: https://creditcard.americanexpress.com/blue/
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to secure a credit limit of $500 – $25,000. The amount available corresponds to 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 yearly 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 obtain a card to make purchases and create business credit.
But the card will just report to the personal credit bureaus if you default or are late 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 need to have a credit score of 690 or higher.
But TAKE NOTE: the ongoing APR is 23.99% variable APR.
Consider 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 within first three months.
Also, you get three points on your choice of 5 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 afterwards your yearly fee goes up to $175.
Your best rated business credit cards will always hinge upon your credit history and scores.
Only you can figure out which benefits you want and need. So make sure to do your homework.
And, as always, make sure to build credit in the recommended order for the highest, fastest benefits.
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