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Published By Janet Gershen-Siegel at January 20th, 2019
Are you on the lookout for the best small business credit card with rewards? We inspected a substantial number of business credit cards. We did the research for you. So here are our favorites.
Per the SBA, corporate credit card limits are a whopping 10 – 100 times that of personal cards!
This means you can get a lot more money with corporate credit. And it also means you can have personal charge cards at stores. And you would now have an alternate card at the same shops for your small business.
And you will not need to have collateral, cash flow, or financial information in order to get business credit.
Advantages vary, so make certain to choose the advantage you prefer from this variety of possibilities.
Have 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 then afterwards your yearly fee climbs to $175.
Also, have a look at the Business Platinum ® Card from American Express OPEN. So you can earn up to 75,000 Membership Rewards points at the time of account opening.
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 additional $10,000 all on qualifying purchases. But this is within the initial 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 annual fee. Yikes!
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 annual spending.
You also get 3% cash back on the 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.
Additionally 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 gas 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 exceptional credit.
But you can only redeem your cash back in $25 increments.
In addition, 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 limitations.
New cardholders can also get a $200 cash bonus. But that is once they spend $3,000 on new purchases. So this is within 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 yearly fee.
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.
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 directly with Delta. Also, earn one mile per qualifying 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 register 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, which includes access to TSA PreCheck program. And you also get one point for every 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 added points each year. Get five points per dollar. But this is for purchasing flights and prepaid hotels from the American Express Travel web site.
Also, make sure to check out the Ink Business Preferred Card from Chase. Get 80,000 bonus points. But this is after you spend $5,000 on purchases. And it is in initial 3 months from account opening.
Get 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, get one point per dollar on all other purchases. There is no restriction to the amount you can earn.
For a 0% APR time period, we prefer the Ink Business Cash ℠ Credit Card. Also, you pay no annual cost. It’s got an interest-free period. It has flexible cash-back rewards. There are spending limits for your employees. But you will need 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 ordinary business expenses 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 Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. So you start 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%. And this is dependent on creditworthiness. There is no annual fee. But this card is solely on offer to those with great or excellent credit. But there is no rewards program for purchases.
Also, investigate 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 businesses can earn double points. But this is on the first $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 KEEP IN MIND: the ongoing APR is 23.99% variable APR.
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to secure a credit limit of $500 – $25,000. The amount offered is identical to the amount of cash you provide 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 small business owners with bad personal credit to get a card to make purchases and set up business credit.
But the card will only report to the personal credit bureaus if you default or are behind on payments.
Your best corporate credit cards hinge on your credit history and scores.
Just you can choose which perks you want and need. So be sure to do your due diligence.
And, as always, make sure to build credit in the recommended order for the greatest, fastest benefits.