Published By Janet Gershen-Siegel at March 4th, 2020
Need a business credit card balance transfer? Then look no further.
We researched a lot of company credit cards for you. So, here are our top picks, and more than a business credit card balance transfer.
Per the SBA, company credit card limits are 10 – 100 times that of personal cards!
This demonstrates you can get a lot more funds with business credit. And it also shows you can have personal credit cards at retailers. So, you would now have an extra card at the same retail stores for your company.
And you will not need collateral, cash flow, or financial data to get company credit.
Perks can differ. So, make sure to pick the perk you would prefer from this variety of options.
Have a look at the Discover it® Cash Back card. There is a 10.99% introductory APR for six months from date of first business credit card balance transfer. So, this is for any business credit card transfer under this offer which post to your account by January 10, 2019.
After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based on the Prime Rate.
You can earn 5% cash back at different places each quarter. So, these are establishments like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Also, automatically get unlimited 1% cash back on all other purchases.
You will get an unlimited dollar-for-dollar match of all the cash back you have earned at the end of your first year, automatically.
This card earns cash back with every purchase. Earn 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Get 3% cash back at restaurants and on eligible travel purchases. Also, earn 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.
So, keep in mind: the $0 annual fee is only for Costco members. And an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.
Also, there is no sign-up bonus available with this card.
For average credit, we like the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. The card gets an unlimited 1% cash back on all purchases.
With this card, you will get benefits including an auto rental collision damage waiver, and purchase security. And you also get extended warranty coverage. And you get travel and emergency assistance services.
But KEEP IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus. In addition, this card reports monthly to personal credit. It does report to business credit as well, but they generally require a personal credit check and will always report to personal credit.
Look at the Capital One® Quicksilver® Card. It offers flat-rate rewards of 1.5% on all purchases. There are no limits to the amount of cash back rewards which cardholders can earn. Also, the card has a $0 yearly fee.
New cardholders have a 0% APR on purchases and any business credit card balance transfer for the first fifteen months after opening the account. And then they have a 14.74 – 24.74% (variable) APR after that.
A cash bonus of $150 is on offer for those who make at the very least $500 in purchases within 3 months of account opening.
Also, cash back rewards do not expire for the life of the account. And there is no limit to how much you can earn.
This credit card also offers travel accident insurance. And you get an auto rental collision damage waiver. There are no foreign transaction fees. And there is extended warranty coverage.
Downsides are the flat reward rate, not allowing for any more than that. And the higher APR after the intro period.
Get it here: https://www.capitalone.com/credit-cards/quicksilver/
Your outright best business credit cards hinge on your credit history and scores.
Only you can choose which features you want and need. So, make sure to do your homework. What is excellent for you could be disastrous for somebody else.
And, as always, make certain to establish credit in the recommended order for the best, quickest benefits.