WANT TO IMPROVE YOUR BUSINESS CREDIT & FUNDABILITY?
Subscribe to Our
Weekly Email Newsletter to Get Actionable Credit Building & Financing Info
We Respect Your Privacy
Published By Janet Gershen-Siegel at October 6th, 2018
Have you been trying to business credit cards – Visa in particular? Our research turned up some stellar choices. We came across many more alternatives with fantastic perks, so be sure to check in case any of those end up being a better deal for you. 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 this also means you can have personal charge cards at retail stores. So you can now have an additional card at the same stores for your small business. 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 Ink Business Cash ℠ Credit Card. You pay no annual fee. 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 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. There is a 3% balance transfer charge. After that, the purchase APR is a variable 10.49% – 18.49%, which depends upon creditworthiness.
But there is no annual fee. This card is solely offered to those with great or superb credit. Unfortunately, there is no rewards program for purchases.
For Fair Credit, we like the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. But you will need to have a credit score of 690 or higher. KEEP IN MIND: the ongoing APR is 23.99% 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.
Take a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, without limitations. New cardholders can also get a $200 cash bonus once they spend $3,000 on new purchases during the first three months of account opening.
New customers also get introductory APR of 0% on purchases for nine months. There is no annual fee.
Your best business credit cards – Visa – could maybe be bested by other providers’ offerings. So we are showing you our favorites from MasterCard and American Express, too.
For an introductory 0% APR period, we also like the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. Also, you can earn twice the points on typical business purchases up to annual cap. The regular 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 within your very first three months. Terms and limitations apply.
In addition earn a $50 statement credit after you make a Delta purchase with your card in your first 3 months. Earn two miles per dollar spent on purchases made directly with Delta. 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 receive Gold Status when you enroll in 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 the majority of 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 per year. Get five points per dollar spent buying flights and prepaid hotels from the American Express Travel website.
For Low APR/Balance Transfers Business Credit Cards, we like the Blue Business Plus Credit Card from American Express. It has a 15-month initial 0% APR offer. There is no annual fee.
Right now small businesses can earn double points on the initial $50,000 in purchases every year.
Get it here: https://creditcard.americanexpress.com/blue/
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to secure a credit limit of $500 – $25,000. The amount offered corresponds to the amount of money 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 higher your yearly fee will be.
This card lets business owners with unsatisfactory personal credit to obtain a card to make purchases and set up business credit.
However, the card will only report to the personal credit bureaus if you default or are behind on payments.
Check out the SimplyCash Plus Business Credit Card from American Express. So you can earn as much as $400 cash back.
Earn 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 the 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 air travel, gas, advertising and computer purchases. However, it applies to the first $50,000 of annual spending.
And also you get 1% cash back on all other purchases.
Also, take a look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can get a $200 statement credit after $500 in purchases during 60 days of account opening.
You also get 3% cash back on purchases at gas stations and office supply stores. However, this is as much as $250,000 per year.
Also, you get 2% cash back on purchases at eateries, and 1% cash back on all purchases. There is no annual fee. It is available to applicants with outstanding credit.
However, you can only redeem your cash back 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 yearly fee for the first year. However, then afterwards your yearly fee goes up to $175.
So you can get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-gold-rewards
Also, have a look at the Business Platinum ® Card from American Express OPEN. So you can earn as many as 75,000 Membership Rewards points at the time of account opening.
Also get 50,000 Membership Rewards points subsequent to spending $10,000. In addition, get 25,000 more points after spending an added $10,000 all on qualifying purchases during the first three months.
Also you can get five times the Membership Rewards points on flights and pre-paid hotels on amextravel.com. However, it has a $450 annual fee.
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?