Published By Janet Gershen-Siegel at December 19th, 2018
We inspected a number of small business credit cards, searching for business card balance transfer offers. 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 cash with corporate credit. And this also means you can have personal credit cards at stores. So you would now have an additional card at the same shops for your business.
And you won’t have to provide collateral, cash flow, or financial information to get corporate credit.
Benefits vary. So make certain to pick the perk you prefer from this array of choices.
For Low APR/Balance Transfers Business Credit Cards, we like 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 cost.
After that, the purchase APR is a variable 10.49% – 18.49%. And this depends on creditworthiness. There is no yearly fee. But this card is solely available to those with great or superb 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 introductory 0% APR offer. There is no annual fee.
Right now businesses can get double points. But this is on the initial $50,000 in purchases each year.
Get it here: https://creditcard.americanexpress.com/blue/
For a 0% APR time frame, we really like the Ink Business Cash ℠ Credit Card. Also, you pay no yearly cost. It’s got an interest-free period. It has flexible cash-back rewards. There are spending limits for your employees. But 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. So it has an introductory 0% APR for 15 Months. Also, you can earn double points on ordinary company expenses up to annual limit. 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 need a credit score of 690 or better.
But NOTE: the ongoing APR is 23.99% variable APR.
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 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 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 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, 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 qualifying purchases. But this is up to one million more points annually. Get five points per dollar. But this is for spending flights and prepaid hotels from the American Express Travel website.
Also, be 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 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, get one point for each dollar on all other purchases. There is no limitation to the amount you can earn.
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to secure a credit limit of $500 – $25,000. The amount available equals the amount of money you offer to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. And the yearly fee is $25. But the more cards you have, the higher your annual fee will be.
This card lets business owners with bad personal credit to acquire a card to make purchases and set up business credit.
But the card will only report to the personal credit agencies if you default or are behind on payments.
Take a 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 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 annual spending.
You also get 3% cash back on spending category of your choice. So this is from eight distinct categories. They include airfare, gas, advertising and computer purchases. But it applies to the first $50,000 of yearly spending.
In addition 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 filling stations and office supply stores. But this is as much as $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 on offer to applicants with outstanding credit.
But you can only redeem your cash back in $25 increments.
Furthermore, consider the Spark Cash Select from Capital One. So you get 1.5% cash back on all purchases. So this is without any limits.
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 yearly fee.
Consider 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 annual fee goes up to $175.
Also, have a look at the Business Platinum ® Card from American Express OPEN. So you can get as much as 75,000 Membership Rewards points upon account opening.
Also earn 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 during the initial three months.
Additionally you can get five times the Membership Rewards points. So this is on airline flights and pre-paid hotels on amextravel.com. But it has a $450 annual fee. Yikes!
Your absolute best business credit card balance transfer offers will hinge on your credit history and scores.
Just you can decide which perks you want and need. So be sure to do your due diligence. What is excellent for you could be disastrous for someone else.
And, as always, make sure to build credit in the recommended order for the most incredible, fastest benefits.