Published By Janet Gershen-Siegel at June 13, 2018
We made a number of business credit card comparisons to save you time!
Written by Janet Gershen-Siegel
Per the SBA, business credit card limits are 10 – 100 times those of personal cards!
Therefore, you can get a lot more money with company credit.
And this also means you can have personal charge cards at shops, and now have a second card at the same shops for your company.
Also, you will not need collateral, cash flow, or financials to get business credit.
Perks vary, so choose the reward you prefer from these business credit card comparisons.
For a 0% APR time period, we really like the Ink Business Cash ℠ Credit Card. You pay no yearly cost. It’s got an interest-free time period. It has versatile cash-back rewards.
There are spending limits for your employees. However, you need a credit score of 690 or better.
For an introductory 0% APR period, we also like the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. You can earn twice the points on routine company purchases up to a yearly cap.
However, the regular APR is 12.24% – 20.24% (variable).
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. You will need 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. And it 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. This is up to one million added points each year.
You get five points per dollar spent purchasing flights and prepaid hotels from the American Express Travel website.
Also, 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, internet, cable and phone, advertising via social media sites and search engines. Also, it is for each account anniversary year.
Earn one point per dollar on all other purchases. There is no limit to the amount you can earn.
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You begin with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer fee.
Thereafter, the purchase APR is a variable 10.49% – 18.49%; this depends on creditworthiness. There is no yearly fee. This card is just for those with great or superb credit. Unfortunately, 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 15-month introductory 0% APR offer. There is no yearly fee. Right now corporations can get double points on the first $50,000 in purchases each year.
Get it here: https://creditcard.americanexpress.com/blue/
Check out the Wells Fargo Business Secured Credit Card. Cardholders can get a credit limit of $500 – $25,000. The amount available equals how much you pay to secure the line. Your purchase APR rate can be as low as a variable 13.15%.
The annual fee is $25. The more cards you have the more expensive your annual fee willo be. This card lets business owners with poor personal credit get a card and set up business credit.
In addition, the card will just report to the personal credit bureaus if you default or are overdue on payments.
Check out the SimplyCash Plus Business Credit Card from American Express. You can earn as much as $400 cash back. Get a $200 statement credit after spending $5,000.
Get 5% cash back at US office supply stores and on wireless phone services purchased straight from US service providers. However, this applies to the first $50,000 of yearly spending.
You also get 3% cash back on the spending category of your choice, from eight varying categories, such as air travel, gas, advertising and computer purchases. But this applies to the first $50,000 of yearly spending. Also, you get 1% cash back on all other purchases.
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 within 60 days of account opening.
You also get 3% cash back on purchases at gasoline stations and office supply stores. This is up to $250,000 per year. And you get 2% cash back on purchases at eateries, and 1% cash back on all purchases. There is no yearly fee. But it is for applicants with excellent credit.
However, your cash back can only be redeemed in $25 increments.
In addition, have a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, with no limits. New cardholders can also get a $200 cash bonus. But this as soon as they spend $3,000 on new purchases within three months of account opening.
New customers also get initial APR of 0% on purchases for nine months. There is no annual fee.
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 five 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. However, afterwards your annual fee increases to $175.
Also, look at the Business Platinum ® Card from American Express OPEN. Also, 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. But this is after spending $10,000 .
Also, get 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 five 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. Make your own business credit card comparisons.
And, as always, build credit in the established order for the highest, fastest benefits.