Published By Janet Gershen-Siegel at June 13th, 2018
We made a number of business credit card comparisons to save you time.
According to the SBA, business credit card limits are 10 – 100 times those of personal cards! This shows you can get a lot more money with company credit. And this also means you can have personal charge cards at shops. Also, you would now have a second card at the same shops for your company.
And you will not have to have collateral, cash flow, or financials in order to get business credit.
Perks vary, so make certain to select the reward you prefer from this assortment of alternatives.
The Bank of America ® Business Advantage Travel Rewards World Mastercard ® credit card has no annual fee and comes with a 0% introductory APR on purchases for the initial nine months. After that, the card has a 13.24 – 23.24% variable APR
Earn 3 points/dollar spent when you book travel via the Bank of America Travel Center and 1.5 points/dollar on all other purchases. You can get unlimited points and points will never expire.
There is a 25,000-point sign-up bonus when you spend $1,000 within the first 60 days of opening the account. Cardholders get travel accident insurance, and lost luggage reimbursement. They additionally get trip cancellation coverage, trip delay reimbursement and other perks.
There is no introductory rate for balance transfers. Also, bonus categories are limited.
Take a look at the JetBlue Plus Card for one more offer of a 0% introductory APR
Get six points/dollar on JetBlue purchases, two points/dollar at eateries and grocery stores, and one point/dollar on all other purchases. Spend $1,000 in the initial 90 days and pay the annual fee, and earn 40,000 bonus points. New cardholders receive a 12 month, 0% introductory APR on balance transfers made within 45 days of account opening.
Thereafter, the variable APR on purchases and balance transfers is 17.99%, 21.99% or 26.99%, based on creditworthiness. Benefits include a free first checked bag and 50% savings on in-flight purchases.
There is a $99 yearly fee for this card.
Get it here: https://cards.barclaycardus.com/cards/jetblue-card/
For Fair Credit, we are partial to the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. You will have to have a credit score of 690 or higher. 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 after you make $1,000 in purchases on your new card in the first three months. Terms and limitations apply.
Also earn a $50 statement credit after you make a Delta purchase with your brand new card within your first three months. Earn two miles per dollar spent on purchases made directly with Delta. Earn one mile on each 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. You get 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.
In addition, you get one point per dollar spent on the majority of purchases. You get 1.5 times the points on charges of $5,000 or more on eligible purchases, up to one million added points each year. You get 5 points per dollar spent purchasing flights and prepaid hotels from the American Express Travel website.
Also, be sure to check out the Ink Business Preferred Card from Chase. Earn 80,000 bonus points after you spend $5,000 on purchases in first three months from account opening.
Earn three points for each dollar on the first $150,000 spent in combined purchases. These are on travel, shipping purchases, internet, cable and phone, advertising purchases made with social media sites and search engines each account anniversary year.
Earn one point per dollar on all other purchases. There is no limit to the amount you can earn.
Take a look at the Discover it ® Cash Back card. There is a 10.99% introductory APR for six months from date of first transfer. So, this is for transfers 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 every quarter. So, these are places like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Plus, automatically earn unlimited 1% cash back on all other purchases.
You will earn an unlimited dollar-for-dollar match of all the cash back you have gotten at the end of your first year, automatically.
Make sure to check out the Discover it ® Student Cash Back card. It has no yearly fee. The card also has a six-month introductory period of 0% APR on purchases. And there is an APR of 14.99 – 23.99% variable on all purchases after that period.
One distinct feature is that it offers an incentive for scholars to maintain good grades with a $20 statement credit. If students earn a GPA of 3.0 or better each school year, the card will award the $20 statement credit annually for up to 5 years.
Use this card to build personal credit. While this is a personal credit card versus a business credit card, for new credit users, their FICO scores will be important, and this credit card provides an excellent way to raise FICO while also getting rewards.
You can get 5% cash back at different places each quarter such as grocery stores, gas stations, restaurants or Amazon.com up to the quarterly maximum. After that, this credit card offers unlimited 1% cash back on all purchases.
In the initial year, all cash back rewards are matched 100%.
Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. And even though they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.
Look at the SimplyCash Plus Business Credit Card from American Express. There is a $0 yearly fee. And there is a 0% APR on purchases for the initial 15 months an account is open. But when the introductory period runs out, the APR for purchases is 14.24 to 21.24%. So, this is variable and based on creditworthiness.
This credit card has numerous benefits. These include purchase protection, car rental loss and damage insurance. And they also include a baggage insurance plan, extended warranty coverage and a global assist hotline.
Also, get 5% cash back at US office supply stores and on wireless phone services. So, these must be purchased from American providers. But this applies to the initial $50,000 of annual spending. Then, you earn 1% cash back.
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 annual spending. Then, you earn 1% cash back.
Cash-back bonuses are automatically credited to the customer’s billing statement.
Note: you cannot use this credit card for balance transfers. There is a foreign transaction fee of 2.7%. The credit card charges up to $38 in late fees. And the returned check fee is also $38. The penalty APR is 29.99%. And, it kicks in if you have two or more late payments within 12 months. It can also apply if you fail to make the minimum payment on time or have a returned payment.
Take a 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 that cardholders can earn. Also, the card has a $0 yearly fee.
New cardholders have a 0% APR on purchases and balance transfers for the first 15 months after opening the account. And after that they have a 14.74 – 24.74% (variable) APR after that. A cash bonus of $150 is on offer for those who make at 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 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 first 15 months.
Get it here: https://www.capitalone.com/credit-cards/quicksilver/
Look at the Business Gold Rewards Card from American Express OPEN. You can earn 50,000 Membership Rewards points after $5,000 in purchases on the card within first three months.
You get three points on your choice of 5 categories. Also, you get two times the points on the other categories and one point per dollar on all other purchases. It has a $0 yearly fee for the first year, and afterwards your annual fee increases to $175.
Also, look at the Business Platinum ® Card from American Express OPEN. You can get up to 75,000 Membership Rewards points at the time of account opening. You can also get 50,000 Membership Rewards points subsequent to spending $10,000 and an extra 25,000 points after spending an additional $10,000 all on qualifying purchases in the first three months.
And also you can get 5 times the Membership Rewards points on airline flights and pre-paid hotels on amextravel.com. But keep in mind; it has a $450 yearly fee.
Your very best company credit cards hinge on your credit history and scores. Only you can decide which perks you want and need, so make sure to do your research. Compare the best business credit cards yourself! And, as always, build credit in the established order for the highest, fastest benefits.