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Published By Janet Gershen-Siegel at November 3rd, 2018
We found the best rewards business credit card. So we examined a considerable number of company credit cards. We did the research for you. So here are our favorites.
According to the SBA, small business credit card limits are a whopping 10 – 100 times those of personal cards!
This means you can get a lot more cash with small business credit. And it also means you can have personal charge cards at retail stores. Also, you would now have an additional card at the same retail stores for your business.
And you won’t have to put up collateral, cash flow, or financial information to get business credit.
Features vary. So make sure to select the reward you prefer from this array of possibilities.
Have 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 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. But afterwards your yearly fee increases to $175.
Also, check out the Business Platinum ® Card from American Express OPEN. So you can earn up to 75,000 Membership Rewards points upon account opening.
Also get 50,000 Membership Rewards points. But this is subsequent to spending $10,000.
In addition, get 25,000 more points. But that is after spending an added $10,000 all on eligible purchases. But this is within the first three months.
Plus you can get five times the Membership Rewards points. So this is on airline flights and prepaid hotels on amextravel.com. But it has a $450 yearly fee. Yikes!
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 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 3 months. Earn two miles per dollar spent on purchases made directly with Delta. Also, earn one mile per eligible 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 per dollar spent on the majority of purchases.
Also, you get 1.5 times the points. But this is on charges of $5,000 or more. And it is on qualified purchases. But this is up to one million additional points each year. Get five points per dollar. But this is for buying flights and prepaid hotels from the American Express Travel site.
Also, make sure to take a look at the Ink Business Preferred Card from Chase. Earn 80,000 bonus points. But this is once you spend $5,000 on purchases. And it is within the first three months from account opening.
Earn three points for each 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 for each dollar on all of the other purchases. There is no cap to the amount you can earn.
Check out the SimplyCash Plus Business Credit Card from American Express. So you can earn up to $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 first $50,000 of yearly spending.
You also get 3% cash back on the spending category of your choice. So this is from eight separate categories. They include air travel, gas, advertising and computer purchases. But it applies to the first $50,000 of yearly spending.
And also 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 that is within 60 days of account opening.
You also get 3% cash back on purchases at gasoline stations and office supply stores. But this is up to $250,000 yearly.
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 on offer to applicants with outstanding 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 limits.
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 within 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 annual fee.
For a 0% APR period, we really like the Ink Business Cash ℠ Credit Card. Also, you pay no yearly cost. 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 better.
For an introductory 0% APR time period, we also like the Blue Business ℠ Plus Credit Card from American Express. So it has an introductory 0% APR for 15 Months. Also, you can earn twice the points on regular business purchases up to annual cap. But the regular APR is 12.24% – 20.24% (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. So you start off with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer fee.
After that, the purchase APR is a variable 10.49% – 18.49%. And this is dependent on creditworthiness. There is no annual fee. But this card is just available to people with great or outstanding credit. But there is no rewards program for purchases.
Also, check out the Blue Business Plus Credit Card from American Express. It has a 15-month initial 0% APR offer. There is no annual fee.
Right now small businesses can get double points. But this is on the initial $50,000 in purchases yearly.
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 ongoing APR is 23.99% variable APR.
Check out the Wells Fargo Business Secured Credit Card. It enables cardholders to secure a credit limit of $500 – $25,000. The amount available equates to the amount of funding you supply 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 more expensive your annual fee will be.
This card lets business owners with bad personal credit to get 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.
Your very best small business credit cards are dependent upon your credit history and scores. Just you can decide which advantages you want and need, so be sure to do your homework.
And, as always, make certain to build credit in the recommended order for the highest, fastest benefits.