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Published By Janet Gershen-Siegel at January 27th, 2019
Corporate credit cards with rewards can be yours. And you can get in on these deals before other business owners do!
According to the SBA, corporate credit card limits are 10 – 100 times that of personal cards! This shows you can get a lot more cash with company credit. And it also means you can have personal credit cards at stores. You would also now have an additional card at the same retail stores for your small business.
And you won’t have to provide collateral, cash flow, or financials to get small business credit.
Perks vary, so make sure to pick the perk you prefer from this assortment of options.
Consider the Business Gold Rewards Card from American Express OPEN. You can get 50,000 Membership Rewards points. But this is after $5,000 in purchases on the card. And it’s within first three months.
You get three points on your choice of five categories. Also, get two times the points on the remaining categories. And you get one point per dollar on all other purchases.
So it has a $0 annual fee for the first year. But after that your yearly fee climbs to $175.
Also, take a look at the Business Platinum ® Card from American Express OPEN. You can get as much as 75,000 Membership Rewards points. But this is at the time of account opening.
You can also get 50,000 Membership Rewards points. Yet this is after spending $10,000. Also, get an extra 25,000 points. But this is after spending an additional $10,000 all on eligible purchases. And this is within the first three months.
Plus you can get five times the Membership Rewards points. So this is on flights and prepaid hotels on amextravel.com. But it has a $450 yearly fee.
Corporate Credit Cards with Rewards: Cards for Travel Points
For Travel Points, we prefer 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 this is within your very first three months. Terms and limitations apply.
In addition earn a $50 statement credit. But this is after you make a Delta purchase with your brand new card. And it is during your first three months.
Also, earn two miles per dollar spent on purchases made directly with Delta. 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. And you receive a $200 annual air travel fee credit.
There is a $100 credit towards the Global Entry application fee. And this includes access to TSA PreCheck program. You 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. But this is up to one million added points each year.
You get five points per dollar spent buying flights and prepaid hotels. So these are from the American Express Travel website.
Also, make sure to check out the Ink Business Preferred Card from Chase. Earn 80,000 bonus points. But this is once you spend $5,000 on purchases. And this is within your initial 3 months from account opening.
Also, earn three points for each dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, and cable and phone. It is also on advertising purchases made with social media sites and search engines each account anniversary year.
Earn one point per dollar on all of the other purchases. There is no restriction to the amount you can earn.
Look at the SimplyCash Plus Business Credit Card from American Express. You can earn up to $400 cash back. Get a $200 statement credit. But that’s after spending $5,000.
You get 5% cash back at US office supply stores and on wireless phone services purchased straight from US service providers. But this applies to the first $50,000 of yearly spending.
You also get 3% cash back on the spending category of your choice. So this is from eight separate categories. And these include airfare, gas, advertising and computer purchases.
So this applies to the first $50,000 of annual spending. Plus 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. But that is after $500 in purchases. And this is within 60 days of account opening.
You also get 3% cash back on purchases at gasoline stations and office supply stores. So this is as much as $250,000 yearly. And you get 2% cash back on purchases at restaurants. Also, get 1% cash back on all purchases.
So there is no annual fee. It is on offer to applicants with outstanding credit. But you can only redeem your cash back in $25 increments.
In addition, have a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases. So this is without any limitations.
New cardholders can also get a $200 cash bonus. But that is once they spend $3,000 on new purchases. And this is within three months of account opening.
New customers also get introductory APR of 0% on purchases. But that is for nine months. So there is no annual fee.
For a 0% APR time frame, we prefer the Ink Business Cash ℠ Credit Card. You pay no annual cost. It’s got an interest-free period. Also, it has versatile cash-back rewards.
There are spending limits for employees. But you will need a credit score of 690 or higher.
For an introductory 0% APR time period, we also prefer the Blue Business ℠ Plus Credit Card from American Express.
So it has an introductory 0% APR for 15 Months. You can earn double points on day-to-day company expenses up to annual cap. But the regular APR is 12.24% – 20.24% (variable).
Get it here: https://creditcard.americanexpress.com/blue/
For Fair Credit, we are partial to the Capital One Spark Classic for Business. It has no annual fee. Also, there are cash-back rewards. But you will have to have a credit score of 690 or higher.
TAKE NOTE: the ongoing APR is 23.99% variable APR.
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You begin with twelve months of 0% APR financing on new purchases and balance transfers. But there is a 3% balance transfer charge.
Afterwards, the purchase APR is a variable 10.49% – 18.49%. So this depends on creditworthiness. There is no yearly fee. This card is only on offer to people with great or exceptional credit. Unfortunately, there is no rewards program for purchases.
Also, check out the Blue Business Plus Credit Card from American Express. It has a 15-month introductory 0% APR offer. Also, there is no yearly fee.
Right now companies can earn double points. But this is on the initial $50,000 in purchases per year.
Get it here: https://creditcard.americanexpress.com/blue/
Take a look at the Wells Fargo Business Secured Credit Card. It allows cardholders to get a credit limit of $500 – $25,000. The amount available equals the amount of funding you furnish to secure the line. Your purchase APR rate can be as low as a variable 13.15%.
And the annual fee is $25. But the more cards you have the more expensive your annual fee is going to be.
This card allows company owners with poor personal credit get a card to make purchases and establish business credit. But the card will just report to the personal credit agencies if you default or are behind on payments.
Your best corporate credit cards with rewards will hinge on your credit history and scores. Only you can make a decision on which rewards you want and need, so be sure to do your homework.
And, as always, make certain to build credit in the established order for the max, fastest benefits.