Published By Janet Gershen-Siegel at December 4th, 2018
Are you seeking the best cash back credit cards for business? We researched a ton of corporate credit cards. So 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 company credit. And it also means you can have personal charge cards at stores. So you would now have a second card at the same retail stores for your small business.
And you will not need to have collateral, cash flow, or financial information in order to get company credit.
Benefits vary, so be sure to select the benefit you prefer from this collection of options.
Cards with 0% APR
For a 0% APR time period, we like the Ink Business Cash ℠ Credit Card. You pay no annual fee. It’s got an interest-free time period. It has flexible cash-back rewards. There are spending limits for your employees. You will need to have a credit score of 690 or higher.
For an introductory 0% APR time period, we also go for the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months.
You can earn twice the points. But this is on ordinary company expenses up to a yearly limit. The normal APR is 12.24% – 20.24%. So this APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
Take a look at the SimplyCash Plus Business Credit Card from American Express. You can earn as much as $400 cash back. Get a $200 statement credit. But that is after spending $5,000.
You get 5% cash back at US office supply stores and on wireless phone services. But they must be bought straight from US service providers. So this applies to the first $50,000 of annual spending.
You also get 3% cash back on the spending category of your choice. And this is from eight distinct categories. They include of airfare, gas, advertising and computer purchases. So this applies to the first $50,000 of annual 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 earn a $200 statement credit. But that is after $500 in purchases. And it is within 60 days of account opening.
You also get 3% cash back on purchases at gas stations and office supply stores. So this is up to $250,000 annually.
And you get 2% cash back on purchases at eateries. Also, get 1% cash back on all purchases.
There is no yearly fee. It is on offer to applicants with excellent credit. You can only redeem your cash back in $25 increments.
Furthermore, consider the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases. And this is without restrictions.
New cardholders can also get a $200 cash bonus. But that is as soon as they spend $3,000 on new purchases. And it must be during the first three months of account opening.
New customers also get initial APR of 0% on purchases. But this is for nine months. There is no yearly fee.
Consider the Business Gold Rewards Card from American Express OPEN. You can earn 50,000 Membership Rewards points. But that is after $5,000 in purchases on the card. But that is within first three months.
You get three points on your choice of five categories. Also get two times the points on the other categories. And get one point per dollar on all other purchases.
It has a $0 yearly fee for the first year. But then your annual fee rises to $175.
Also, have a look at the Business Platinum ® Card from American Express OPEN. You can get up to 75,000 Membership Rewards points. But that is at the time of account opening.
You can also earn 50,000 Membership Rewards points. But that is after spending $10,000. And get an extra 25,000 points. So this is after spending an additional $10,000. And it must all be on eligible purchases. But this is within the initial three months.
Additionally you can get five times the Membership Rewards points. But that is on flights and pre-paid hotels on amextravel.com. But it has a $450 yearly fee.
For Low APR/Balance Transfers Business Credit Cards, we like 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 charge. Thereafter, the purchase APR is a variable 10.49% – 18.49%. So this is dependent on creditworthiness.
There is no annual fee. But this card is just on offer to people with great or exceptional credit. Unfortunately, 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. And there is no annual fee. Right now small businesses can earn double points on the initial $50,000 in purchases annually.
Get it here: https://creditcard.americanexpress.com/blue/
For Travel Points, we incline toward 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 must be during your very first three months. Terms and limitations apply.
In addition earn a $50 statement credit. But that is after you make a Delta purchase with your 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 qualifying 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 sign up for the Starwood Preferred Guest program. There is also a $200 annual air travel fee credit. And there is a $100 credit towards the Global Entry application fee. So that includes access to TSA PreCheck program.
You get one point per dollar spent on the majority of purchases. And you get 1.5 times the points. But these are on charges of $5,000 or more on qualified purchases. So that is up to one million additional points each year.
You get five points per dollar. But that must be spent purchasing flights and prepaid hotels from the American Express Travel website.
Also, be sure to have a look at the Ink Business Preferred Card from Chase. Earn 80,000 bonus points. So this is once you spend $5,000 on purchases. But this is within your initial three months from account opening.
Earn three points for each dollar. But this is on the first $150,000. And it must be spent in combined purchases on travel, shipping purchases, internet, and cable and phone. And it is for advertising purchases made with social media sites and search engines each account anniversary year.
arn one point for each dollar on all other purchases. There is no limit to the amount you can earn.
Take a look at the Wells Fargo Business Secured Credit Card. It allows cardholders to obtain a credit limit of $500 – $25,000. The amount on offer corresponds to the amount of cash you supply to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. The yearly fee is $25. But the more cards you have the higher your annual fee is going to be.
This card allows business owners with bad personal credit to get a card to make purchases and build business credit. But the card will just report to the personal credit agencies if you default or are behind on payments.
For Fair Credit, we are partial to 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.
KEEP IN MIND: the ongoing APR is 23.99% variable APR.
Your very best business credit cards are dependent upon your credit history and scores. Only you can make a decision on which benefits 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 maximum, fastest benefits. Check out how this will help your company get business credit cards.