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Published By Janet Gershen-Siegel at November 14th, 2018
Are you trying to find a fantastic business Visa card with no annual fee? So we took care of all of the research for you. We found a number of other choices with great perks, so be sure to check in case any of those end up being a better deal for you. We looked at a lot of small business credit cards; here are our favorites.
According to the SBA, business credit card limits are 10 – 100 times that of personal cards! This means you can get a lot more money with business credit. And it also means you can have personal credit cards at shops. And you would now have a second card at the same stores for your business. Also, you will not need to have collateral, cash flow, or financials in order to get company credit.
Advantages vary, so make certain to select the perk you prefer from this assortment of possibilities.
For a 0% APR time period, we like the PNC Bank Cash Rewards® Visa Signature® Business Credit Card. Get a $200 bonus if you spend $3,000 in the first 3 billing cycles after account opening. Earn 5% cash back on net purchases, no cash back limits. There is no annual fee. 0% APR for the first 9 billing cycles after account opening. And then pay a 10.99-19.99% variable APR, per creditworthiness. With mostly lower interest rates and an easy to meet minimum spend, this card is a good choice if you can’t or won’t spend so much in such a short amount of time after getting the card.
For Fair Credit, we like the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. Minimum credit line is $300.
But BEAR IN MIND: the ongoing APR is 26.99% variable APR.
Check out the Citi Bank Costco Anywhere Visa® Business Card. Get 4% cash back on eligible gasoline purchases, including buying gas at Costco. But this is only for the first $7,000 per year. After that, get 1% cash back. Get 3% cash back on restaurant and eligible travel purchases. Earn 2% cashback on all other purchases from Costco and Costco.com. And get 1% cash back on everything else.
There is no annual fee. There are no foreign transaction fees. But you must be a Costco member before applying. Pay a 15.24% variable APR.
While the 4% cash back offer is limited to just the first $7,000 per year, you will have to buy over 2,000 gallons of gasoline if they average $3.50 per gallon to hit the limit. If you think it’s unlikely you would meet that limit, and you’re a Costco member already, this could be a good card, with an APR that is decent.
Get it here.
Make sure to take a look at the Synovus Business Travel Rewards Visa Credit Card. Pay a 0% APR for the first six months for purchases, balance transfers, and overdraft protection. There is a $0 membership fee for the first year, then $50 per year.
Earn 5x points on up to $5,000 per year spent on travel purchases, including hotel, airlines, car rental, vacation packages, etc. Get triple points on up to $3,000 spent quarterly for purchases in category of choice. And get one point per dollar on all eligible purchases, with no limit on points.
You can pay purchases with points (there are some restrictions). Points are worth 20% more for travel redemption. You will pay no foreign transaction fee. If you travel a lot, this card’s perks make it worthwhile. But keep in mind, there will be an annual fee after one year.
For Low APR/Balance Transfers Business Credit Cards, we like the U.S. Bank Business Edge Platinum. So you begin with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer fee.
Afterwards, the purchase APR is a variable 10.49% – 18.49%. And this depends on creditworthiness. There is no annual fee. But this card is just available to people with great or superb credit. But there is no rewards program for purchases.
Your best company credit cards depend on your credit history and scores. Just you can decide which rewards you want and need, so be sure to do your due diligence. And, as always, make certain to build credit in the prescribed order for the max, fastest benefits. Check out how this will help your company get business credit cards.