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Published By Janet Gershen-Siegel at October 28th, 2018
Are you looking for the best rewards card for business? They can keep a business – and its owner – going like nothing else. We looked at a ton of corporate credit cards; here are our favorites.
Per the SBA, business credit card limits are 10 – 100 times that of personal cards! This means you can get a lot more cash with business credit. And this also means you can have personal charge cards at stores, and now have an additional card at the same stores for your business.
And you will not need to have collateral, cash flow, or financials to get company credit.
Features vary, so make sure to select the reward you prefer from this variety of options.
Check out the Business Platinum ® Card from American Express OPEN. So you can earn as much as 75,000 Membership Rewards points upon account opening.
Also get 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 the initial three months.
Also you can get five times the Membership Rewards points on airline flights and prepaid hotels on amextravel.com. However, it has a $450 annual fee.
So with this card, you can earn 50,000 Membership Rewards points 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 annual fee for the first year. However, afterwards your yearly fee increases to $175.
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 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 3 months.
Earn two miles per dollar. But that must be spent on purchases made directly with Delta. And earn one mile per qualified dollar spent on purchases.
Also, be sure to check out the Ink Business Preferred Card from Chase. Earn 80,000 bonus points. But this is once you spend $5,000. And it is on purchases within your first 3 months from account opening.
Earn three points per dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone, advertising purchases made with social media sites and search engines. However, this is for each account anniversary year.
Also, get one point per dollar on all other purchases. There is no limitation to the amount you can earn.
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 sign up 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. And this includes access to the TSA PreCheck program.
And you also get one point for every 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 on qualifying purchases. And this is up to one million added points yearly.
Get five points per dollar spent buying flights and prepaid hotels from the American Express Travel web site.
It could turn out that the best business rewards credit card for business isn’t the best fit. So here we have put together some killer alternatives.
Look at the SimplyCash Plus Business Credit Card from American Express. So you can earn up to $400 cash back. Get a $200 statement credit. But that is after spending $5,000.
Also, get 5% cash back. But this is at US office supply stores and on wireless phone services bought from US service providers. However, this applies to first $50,000 of annual 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. However, it applies to the first $50,000 of yearly spending.
And also you get 1% cash back on all other purchases.
Also, take a look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can get a $200 statement credit. But that is after $500 in purchases. And this 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 just as much as $250,000 per year.
Also, you get 2% cash back on purchases at restaurants, and 1% cash back on all purchases. There is no yearly fee. It is available to applicants with outstanding credit.
However, you can only redeem your cash back in $25 increments.
In addition, take a look at the Spark Cash Select from Capital One. So you get 1.5% cash back on all purchases. And this is without any limitations.
New cardholders can also get a $200 cash bonus as soon as they spend $3,000 on new purchases within three months of account opening. New customers also get initial APR of 0% on purchases for nine months. Also, there is no yearly fee.
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%, which is dependent on creditworthiness. There is no yearly fee. This card is just offered to those with great or outstanding credit. However, there is no rewards program for purchases.
Also, check out the Blue Business Plus Credit Card from American Express. It has a 15-month introductory 0% APR offer. There is no yearly fee.
Right now companies can get double points on the first $50,000 in purchases per year.
Get it here: https://creditcard.americanexpress.com/blue/
For a 0% APR time period, we like the Ink Business Cash ℠ Credit Card. Also, you pay no yearly cost. It’s got an interest-free time period. It has flexible cash-back rewards. There are spending limits for your employees. However, you will have to have a credit score of 690 or better.
For an introductory 0% APR period, we also go for 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 routine business expenses up to annual cap.
The standard APR is 12.24% – 20.24%. So the APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to obtain a credit limit of $500 – $25,000. The amount offered matches the amount of funding 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 more expensive your annual fee will be.
This card lets business owners with poor personal credit to acquire a card to make purchases and develop their business credit.
However, 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. However, you will need to have a credit score of 690 or better.
But be sure to TAKE NOTE: the standard APR is 23.99% variable APR.
Your preferred corporate credit cards are dependent on your credit history and scores. The best solution for one business owner just might not be a good solution for another business owner.
Only you can determine which benefits you want and need, so make sure to do your research.
And, as always, make certain to build credit in the recommended order for the highest, fastest benefits. We can help, because we want YOU to succeed.
Share this and tell your friends what you think is the best rewards credit card for business.