Published By Janet Gershen-Siegel at December 10th, 2018
The business credit cards that are easy to get are right here! Know these secrets before your business peers do!
Per the SBA, company credit card limits are 10 – 100 times those of personal cards! This means you can get a lot more money with company credit. And it also means you can have personal credit cards at shops. Plus you would now have an additional card at the same shops for your company.
And you won’t have to have collateral, cash flow, or financial information to get business credit.
Benefits vary, so be sure to pick the benefit you prefer from this array of options.
For a 0% APR time frame, we prefer the Ink Business Cash ℠ Credit Card. You pay no annual cost. So it’s got an interest-free period. It has versatile cash-back rewards. There are spending limits for employees. But you will have to have a credit score of 690 or higher.
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. But this is up to an annual cap.
The normal APR is 12.24% – 20.24%. So this APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
For Fair Credit, we are partial to the Capital One Spark Classic for Business. It has no yearly fee. And there are cash-back rewards. But you will need to have a credit score of 690 or better.
TAKE NOTE: the standard APR is 23.99% variable APR.
For Travel Points, we have a preference for 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.
In addition earn a $50 statement credit. But this is after you make a Delta purchase with your brand new card. And it is within your first 3 months.
Earn two miles per dollar spent on purchases made straight with Delta. And earn one mile on each qualified 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 receive a $200 annual air travel fee credit.
There is a $100 credit towards the Global Entry application fee. And this includes access to TSA PreCheck program. You get one point for every dollar spent on the majority of purchases.
And you get 1.5 times the points on charges of $5,000 or more on qualified purchases. And this is up to one million additional points each year.
Also, you get five points per dollar spent buying flights and prepaid hotels from the American Express Travel web site.
Also, make sure to check out the. Earn 80,000 bonus points. But this is after you spend $5,000 on purchases. And it is in your first three months from account opening.
Earn three points per dollar on the first $150,000 spent. This is in combined purchases on travel, shipping purchases, internet, and cable and phone. It’s also for spending on advertising purchases made with social media sites and search engines. It applies for each account anniversary year.
Earn one point per dollar on all of the 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. But after that, the purchase APR is a variable 10.49% – 18.49%. So this depends on creditworthiness.
So there is no annual fee. This card is solely offered to those with great or exceptional 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 introductory 0% APR offer.
So there is no annual fee. Right now corporations can earn double points on the initial $50,000 in purchases each year.
Get it here: https://creditcard.americanexpress.com/blue/
Have a look at the Wells Fargo Business Secured Credit Card. It enables cardholders to procure a credit limit of $500 – $25,000. The amount available equates to the amount of funding you offer to secure the line.
And your purchase APR rate can be as low as a variable 13.15%. Also, the annual fee is $25. But the more cards you have the more expensive your yearly fee is going to be.
This card allows business owners with poor personal credit to get a card to make purchases and develop business credit. But the card will only 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 up to $400 cash back. Get a $200 statement credit. But this is after spending $5,000.
You get 5% cash back at US office supply stores and on wireless phone services bought straight from US service providers. So this applies to the initial $50,000 of yearly spending.
You also get 3% cash back on the spending category of your choice, from eight separate categories. These 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, take a look at 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 it is during 60 days of account opening.
You also get 3% cash back on purchases at filling stations and office supply stores. So this is as much as $250,000 per year.
And you get 2% cash back on purchases at restaurants. Also, get 1% cash back on all purchases. There is no annual fee. But it is available to applicants with exceptional credit. And you can only redeem your cash back in $25 increments.
Furthermore, 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 is as soon as they spend $3,000 on new purchases. And this is within three months of account opening.
New customers also get introductory APR of 0% on purchases for nine months. There is no annual fee.
Take a look at the Business Gold Rewards Card from American Express OPEN. You can get 50,000 Membership Rewards points. But this is after $5,000 in purchases on the card. And it is during the first three months.
You get three points on your choice of five categories. Get two times the points on the remaining categories. And get one point per dollar on all other purchases. It has a $0 annual fee for the first year. And then afterwards your annual fee climbs to $175.
Also, check out the Business Platinum ® Card from American Express OPEN. You can earn up to 75,000 Membership Rewards points at the time of account opening.
You can also earn 50,000 Membership Rewards points subsequent to spending $10,000. And get an extra 25,000 points. But this is after spending an additional $10,000 all on eligible purchases. And it is during the initial three months.
Plus you can get five times the Membership Rewards points on airline flights and pre-paid hotels on amextravel.com. Unfortunately, it has a $450 yearly fee.
Your preferred corporate credit cards are based upon your credit history and scores. Only you can determine which advantages you want and need. So make sure to do your research.
And, as always, make sure to build credit in the prescribed order for the optimum, fastest benefits.