Published By Janet Gershen-Siegel at October 6th, 2018
Have you been trying to get fantastic business credit cards – Visa in particular? Our research turned up some stellar choices. We researched a number of business credit cards; here are our favorites.
Per the SBA, corporate credit card limits are 10 – 100 times that of personal cards! This shows you can get a lot more money with company credit.
And you won’t have to provide collateral, cash flow, or financials in order to get business credit.
Features vary, so make certain to choose the perk you prefer from this array of choices.
For a 0% APR time frame, we really like the Bank of Hope Business Rewards Visa® Credit Card. You will pay no annual fee. Pay only a 3% balance transfer fee with a minimum of $5. Earn 5,000 bonus points after spending $1,000 in the first three months. And 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 variable APR 12.49%, 16.49% or 20.49% per creditworthiness after introductory period ends. 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 Low APR/Balance Transfers Business Credit Cards, we prefer the Alpine Bank Visa Platinum Rewards card. Pay no annual fee. Get one point per dollar spent. 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. Balance transfer APR 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.
For Fair Credit, we like the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. KEEP IN MIND: the ongoing APR is 26.99% variable APR.
Earn three points per dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, and cable and phone. And also get three points to the dollar on advertising purchases made with social media sites and search engines each account anniversary year.
Earn one point for each dollar on all other purchases. There is no restriction to the amount you can earn.
Your best business credit cards – Visa – will always depend on your credit history and scores. Just you can make a decision on which rewards you want and need, so make sure to do your homework. And, as always, make certain to build credit in the recommended order for the optimum, fastest benefits.
Because once you have built business credit, guess what? You can command pretty much any business credit card that you like. Now, isn’t that worth waiting for?