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Published By Janet Gershen-Siegel at July 27th, 2018
Are you trying to find business Visa cards? We did the research for you. And we found lots more options with terrific 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 company credit cards; so here are our favorites.
Per 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 this also means you can have personal credit cards at stores, and now have an additional card at the same retail stores for your company. And you won’t have to have collateral, cash flow, or financial information in order to get company credit.
Perks vary, so make certain to pick the perk you prefer from this selection of possibilities. Business Visa cards come in several varieties!
For a 0% APR time frame, we really like the Bank of Hope Business Rewards Visa® Credit Card. You pay no annual fee. Pay a 3% balance transfer fee with a minimum of $5. Earn 5,000 bonus points after spending $1,000 in the first three months. Earn triple points on gas. Get double points on travel and dining. And earn one point per dollar on all other purchases.
Pay a 0% introductory APR for nine months. Then pay a variable APR 12.49%, 16.49% or 20.49% per creditworthiness. It should be easy for most entrepreneurs to meet the minimum spend required for the points bonus. Triple points on gas are particularly helpful if yours is a business requiring a lot of time on the road (say, trucking). If your credit is good enough to get the lowest APR after the introductory period ends, this could be a great card for you.
For Fair Credit, we like the Capital One Spark Classic Business Credit Card (Visa). Earn 1% cash back with every purchase, with no minimums. Pay no annual fee. There is a 26.99% variable APR for both purchases and cash advances. The minimum credit line is $300.
The cash back percentage is low, and the interest rate is higher than for the other cards reviewed. But if your credit is only fair, or you don’t have a very long credit history, this card could be right for you.
Be sure to check out the The Commercial Edition® Visa® from Amalgamated Bank.
This card works well for travel, entertainment, and other spending. It helps companies keep control and improve cash flow. Additionally, it also helps them understand their spending patterns by offering specific reporting options. Furthermore, account holders have the ability to establish spending limits for individual card holders.
For Low APR/Balance Transfers Business Credit Cards, we prefer the Alpine Bank Visa Platinum Rewards card. You will pay no annual fee. Get one point per dollar spent. And get bonus points: 5,000 for first $3,000 spent in first four billing cycles.
The APR for purchases is Prime + 8.74-14.74%. And the APR is 21% for cash advances. But the balance transfer APR is 10% or 3% of the amount of each transfer, whichever is greater. This is a good card for both APR and the amount you need to spend for a bonus is fairly low.
Have a look at the First American Bank Visa Max Cash Preferred card. This card is particularly good if you can pay your credit bills on time and avoid paying interest. Earn a $150 bonus reward if you spend $500 in the first 90 days from account opening
The spending threshold required for a bonus is comfortably low – you will probably meet it if you charge a decent computer on this card. Also get 2% for one everyday category. Otherwise get 1% unlimited cash back. There is no annual fee.
All annual percentage rates for interest will vary with the Prime Rate. Pay a 14.49-23.49% APR for purchases based on creditworthiness. Pay a 0% introductory APR for the first 12 billing cycles for balance transfers. And then pay a 14.49-23.49% APR per creditworthiness.
Check out the FNBO Business Edition® Secured Visa® Card. With this card, you can, “take control of your credit history and help rebuild your credit”. Request your own credit limit between $2,000 and $100,000, in multiples of $50 when you apply. Your credit limit is subject to credit approval and a security deposit.
Security deposit is 110% of the amount of your credit limit. You will earn interest on your security deposit. There is a $39 annual fee. Pay a variable 20.24% APR on purchases and balance transfers based on the Prime Rate.
Get it here: https://www.fnbo.com/small-business/credit-cards/
Your optimal business credit cards hinge upon your credit history and scores. Only you can decide which features you want and need, so make sure to do your homework. And, as always, make sure to build credit in the recommended order for the highest, fastest benefits. Check out how this will help your company get the very best business Visa cards.