WANT TO IMPROVE YOUR BUSINESS CREDIT & FUNDABILITY?
Subscribe to Our
Weekly Email Newsletter to Get Actionable Credit Building & Financing Info
We Respect Your Privacy
Published By Janet Gershen-Siegel at December 22nd, 2018
Are you looking for the best rewards credit card for small 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 means you can get a lot more money with company credit. And this also means you can have personal charge cards at stores. And you would now have an additional card at the same shops for your company.
And you will not have to provide collateral, cash flow, or financials in order to get business credit.
Features vary, so make sure to select the reward you prefer from this variety of options.
Please be sure to share this and tell your friends what you think is the best rewards credit card for small business.
Take a look at 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 after that your yearly fee goes up to $175.
Also get 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 added $10,000 all on qualified purchases. But this is within first three months.
And also 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 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 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 three 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 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, which includes access to TSA PreCheck program. And you also get one point per 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 qualifying purchases. But this is up to one million additional points annually. Get five points per dollar. But this is for purchasing flights and prepaid hotels from the American Express Travel website.
Also, make sure to take a look at 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 within your 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 for each dollar on all other purchases. There is no restriction to the amount you can earn.
Share this and tell your friends what you think about the best rewards credit card for small business.
For a 0% APR period, we like the Ink Business Cash ℠ Credit Card. Also, you pay no annual fee. It’s got an interest-free 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 prefer 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 company purchases up to annual cap. But the regular 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 annual fee. There are cash-back rewards. But you will have to have a credit score of 690 or higher.
But KEEP IN MIND: the standard APR is 23.99% variable APR.
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. So you begin with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer cost.
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 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 annual fee.
Right now corporations can earn double points. But this is on the first $50,000 in purchases every year.
Get it here: https://creditcard.americanexpress.com/blue/
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to get a credit limit of $500 – $25,000. The amount offered is identical to the amount of cash 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 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 late on payments.
Look at the SimplyCash Plus Business Credit Card from American Express. So you can earn as much as $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 first $50,000 of yearly spending.
You also get 3% cash back on spending category of your choice. So this is from eight varying categories. They include airfare, gas, advertising and computer purchases. But it applies to the first $50,000 of annual 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 this is after $500 in purchases . And that is during 60 days of account opening.
You also get 3% cash back on purchases at gas stations and office supply stores. But this is up to $250,000 yearly.
Also, you get 2% cash back on purchases at restaurants. And get 1% cash back on all purchases. Also, there is no yearly fee. But it is available to applicants with outstanding credit.
But you can only redeem your cash back in $25 increments.
In addition, check out 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 once 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 annual fee.
Your preferred corporate credit cards are dependent on your credit history and scores.
Only you can determine which benefits you want and need. So be sure to do your due diligence.
And, as always, make certain to build credit in the recommended order for the highest, fastest benefits.
Share this and tell your friends what you think is the best rewards credit card for small business.