Published By Janet Gershen-Siegel at July 27, 2018
Written by Janet Gershen-Siegel
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 varities!
For a 0% APR time frame, 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. You will need a credit score of 690 or better.
For Fair Credit, we like the Capital One Spark Classic for Business. This card has no annual fee. There are cash back rewards. However, you will need a credit score of 690 or better. NOTE: the standard APR is 23.99% variable APR.
Be sure to check out the Ink Business Preferred Card from Chase. Get 80,000 bonus points once you spend $5,000 on purchases within the initial three months from account opening.
Earn three points for each dollar on the first $150,000 spent in combined purchases. So these are purchases on travel and shipping purchases. It is also for purchases of internet, cable and phone. In addition, it includes purchases of advertising made with social media sites and search engines. So keep in mind that all of these perks are for each account anniversary year.
Earn one point per dollar on all of the other purchases. There is no limitation to the amount you can earn with this card.
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You start with twelve months of 0% APR financing on new purchases and balance transfers.
There is a 3% balance transfer cost. But after that, the purchase APR is a variable 10.49% – 18.49%, which is dependent on creditworthiness. Also, there is no yearly fee. This card is solely available to people with great or exceptional credit. However, there is no rewards program for purchases.
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 as soon as they spend $3,000 on new purchases within three months of account opening. Also, new customers also get initial APR of 0% on purchases for nine months. There is no annual fee.
Of course business Visa cards are not the only game in town. Here are some of our favorites from other credit card providers. They may potentially be better for you, so make sure to consider these other options.
For an introductory 0% APR period, we like the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. Also, you can earn double points on ordinary company purchases up to annual cap. So keep in mind that the normal APR is 12.24% – 20.24% (variable).
Get it here: https://creditcard.americanexpress.com/blue/
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. However, this is for during your first three months. Terms and limitations apply.
Also earn a $50 statement credit after you make a Delta purchase with your card in your first three months. Earn two miles per dollar spent on purchases made directly with Delta. Also, earn one mile per 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. There is also a $200 yearly air travel fee credit.
There is a $100 credit towards the Global Entry application fee, including access to TSA PreCheck program. And you also get one point for every dollar spent on most purchases. Also, you get 1.5 times the points on charges of $5,000 or more on qualifying purchases.
However, this is up to one million more points yearly. Get five points per dollar spent buying flights and prepaid hotels from the American Express Travel website.
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to obtain a credit limit of $500 – $25,000. The amount offered matches the amount of funding you supply to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. The yearly fee is $25. The more cards you have, the more expensive your annual fee is going to be.
This card lets small business owners with poor personal credit to get a card to make purchases and develop business credit.
However, the card will just report to the personal credit agencies if you default or are late on payments.
Consider the SimplyCash Plus Business Credit Card from American Express. So you can earn up to $400 cash back. Get a $200 statement credit after spending $5,000. Also, get 5% cash back at US office supply stores and on wireless phone services purchased from US service providers. However, this applies to first $50,000 of annual spending.
You also get 3% cash back on spending category of your choice. So this is from eight separate categories. They include airfare, gas, advertising and computer purchases. However, it applies to the first $50,000 of yearly spending.
In addition you get 1% cash back on all other purchases.
Also, check out 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 filling stations and office supply stores. However, this is as much as $250,000 per year.
Also, you get 2% cash back on purchases at restaurants, and 1% cash back on all purchases. There is no yearly fee. It is available to applicants with exceptional credit.
However, your cash back can only be redeemed in $25 increments.
Take a look at the Business Gold Rewards Card from American Express OPEN. So you can earn 50,000 Membership Rewards points after $5,000 in purchases on the card during first three months. Also, you get three points on your choice of five categories. In addition, get two times the points on the remaining categories. Also, get one point per dollar on all other purchases. It has a $0 annual fee for the first year. However, then your annual fee increases to $175.
Also, have a look at the Business Platinum ® Card from American Express OPEN. So you can get as much as 75,000 Membership Rewards points upon account opening.
Also earn 50,000 Membership Rewards points after spending $10,000. In addition, get 25,000 more points after spending an additional $10,000 all on eligible purchases during the first three months.
Additionally you can get five times the Membership Rewards points on airline flights and pre-paid hotels on amextravel.com. However, it has a $450 annual fee.
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.