Published By Janet Gershen-Siegel at September 8th, 2018
Be a winner! The best small business credit card with no annual fee can be yours
According to the SBA, business credit card limits are 10– 100 times those of personal cards! This means you can get a lot more cash with company credit. So this also means you can have personal credit cards at shops.
And you now have an alternate card at the same retail stores for your company. So you will not have to put up collateral, cash flow, or financial information to get small business credit.
And business credit cards can help you smooth out any financial bumps in the road. Much like personal cards, they can even help you budget – if you use them responsibly and you pay on time.
Features vary, so be sure to select the benefit you prefer from this array of alternatives.
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 after $500 in purchases. But this is within 60 days of account opening.
You also get 3% cash back on purchases at gasoline stations and office supply stores. So this is up to $250,000 annually. And you get 2% cash back on purchases at restaurants. Also, you get 1% cash back on all purchases.
There is no annual fee. It is available to applicants with excellent credit. But you can only redeem your cash back in $25 increments.
Furthermore, check out the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, without limitations. New cardholders can also get a $200 cash bonus. But this is once they spend $3,000 on new purchases. And it is during the first three months of account opening.
New customers also get introductory APR of 0% on purchases for nine months. There is no annual fee.
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You start off with twelve months of 0% APR financing on new purchases and balance transfers. Also, there is a 3% balance transfer fee. Afterwards, the purchase APR is a variable 10.49% — 18.49%. So this depends on creditworthiness.
There is no annual fee. This card is only on offer to people with great or excellent credit. However, there is no rewards program for purchases.
Also, take a look at the Blue Business Plus Credit Card from American Express. It has a fifteen month introductory 0% APR offer.
There is no annual fee. Right now corporations can get double points. But this is on the initial $50,000 in purchases yearly.
Get it here: https://creditcard.americanexpress.com/blue/
Take a look at the Business Gold Rewards Card from American Express OPEN. You can get 50,000 Membership Rewards points. But this is after $5,000 in purchases on the card. And it is during first three months.
You also get three points on your choice of five categories. And you get two times the points on the remaining categories. Also, you get one point per dollar on all other purchases.
It has a $0 yearly fee for the first year. But then your yearly fee climbs to $175.
Check out the Wells Fargo Business Secured Credit Card. It helps cardholders to procure a credit limit of $500 to $25,000.
The amount available is the same as the amount of cash you provide to secure the line. Your purchase APR rate can be as low as a variable 13.15%.
The annual fee is $25. But the more cards you have, the more expensive your yearly fee will be.
This card allows small business owners with inadequate personal credit to obtain a card to make purchases and establish business credit. But the card will just report to the personal credit agencies if you default or are overdue on payments.
We just LOVED this article from Fit Small Business on the 15 Best Small Business Credit Cards 2018.
Your best small business credit cards depend on your credit history and scores. Only you can make a decision on which rewards you want and need. So make sure to do your research.
And, as always, make sure to build credit in the recommended order for the best, fastest benefits. Check out how this will help your company get the best small business credit card with no annual fee.