Published By Janet Gershen-Siegel at February 10th, 2019
Want a business Visa credit card? We found several great selections with exceptional perks. So be sure to check in case any of those end up being a better deal for you. We examined a ton of corporate credit cards; here are our favorites.
Per the SBA, small business credit card limits are 10 – 100 times those of personal cards! This shows you can get a lot more cash with small business credit.
And this also means you can have personal charge cards at retail stores. So you can now have a second card at the same retail stores for your business.
And you will not have to provide collateral, cash flow, or financial information to get business credit.
Perks vary, so be sure to select the perk you prefer from this collection of choices.
For a 0% APR time frame, we like the Ink Business Cash ℠ Credit Card. You pay no yearly cost. It’s got an interest-free period. It has versatile cash-back rewards. There are spending limits for employees. But you will need to have a credit score of 690 or higher.
For Fair Credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. But you will need a credit score of 690 or higher.
BUT KEEP IN MIND: the standard APR is 23.99% variable APR.
Take a look at the Ink Business Preferred Card from Chase. Get 80,000 bonus points once you spend $5,000 on purchases in the first three months from account opening.
Earn three points for each dollar on the first $150,000 spent. So this is for combined purchases on travel, shipping purchases, and internet. And it’s also on cable and phone, advertising purchases made with social media sites and search engines. So this is for each account anniversary year.
Earn one point for each 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 like 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 cost.
After that, the purchase APR is a variable 10.49% – 18.49%. So this depends on creditworthiness. But there is no yearly fee. This card is only on offer to people with great or superb credit. However, there is no rewards program for purchases.
Check out the Spark Cash Select from Capital One. You will get 1.5% cash back on all purchases, without limits. New cardholders can also get a $200 cash bonus once 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.
So, your best business cards will always hinge on your credit history and scores. Just you can figure out which features you want and need. So be sure to do your due diligence.
And, as always, make sure to build credit in the recommended order for the optimum, fastest benefits.