Published By Janet Gershen-Siegel at August 12, 2018
Written by Janet Gershen-Siegel
Are you looking for Visa business cards? We did the digging so you won’t have to. We inspected a lot of business credit cards; here are our favorites.
Per the SBA, company credit card limits are 10 – 100 times those of personal cards! This means you can get a lot more money with company credit. And this also means you can have personal charge cards at stores, and now have a second card at the same shops for your company. And you will not have to have collateral, cash flow, or financials in order to get corporate credit.
Features vary, so be sure to select the reward you prefer from this variety of possibilities.
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 flexible cash-back rewards. There are spending limits for your employees. You will have to have a credit score of 690 or higher.
For Fair Credit, we are partial to the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. You will have to have a credit score of 690 or higher. NOTE: the standard APR is 23.99% variable APR.
Make sure to check out the Ink Business Preferred Card from Chase. Get 80,000 bonus points after you spend $5,000 on purchases within your initial three months from account opening.
Earn three points for each dollar on the first $150,000 spent in purchases on travel, shipping purchases, internet, cable and phone. And earn 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 of the other purchases. There is no limit to the amount you can earn.
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You start off with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer cost. Thereafter, the purchase APR is a variable 10.49% – 18.49%, which depends upon creditworthiness.
There is no yearly fee. This card is just offered to people with great or exceptional credit. But there is no rewards program for purchases.
Take a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, with no restrictions. New cardholders can also get a $200 cash bonus as soon as they spend $3,000 on new purchases within three months of account opening. New customers also get introductory APR of 0% on purchases for nine months. There is no annual fee.
For MasterCard and American Express options, check out these choices.
For an introductory 0% APR time 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 everyday company purchases up to an annual cap. The standard 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 during your very first three months. Terms and limitations apply.
Also 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 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 receive Gold Status when you sign up for 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, which includes access to TSA PreCheck program. And you also 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 eligible purchases. However, this is up to one million added points annually. Get five points per dollar spent purchasing flights and prepaid hotels from the American Express Travel web site.
For Low APR/Balance Transfers Business Credit Cards, we prefer the Blue Business Plus Credit Card from American Express. It has a 15-month initial 0% APR offer. There is no yearly fee.
Right now small businesses can earn double points on the first $50,000 in purchases per year.
Get it here: https://creditcard.americanexpress.com/blue/
Consider the SimplyCash Plus Business Credit Card from American Express. So you can earn up to $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 first $50,000 of annual spending.
You also get 3% cash back on spending category of your choice. So this is from eight varying categories. They include airfare, gas, advertising and computer purchases. However, it 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 earn 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 annually.
Also, you get 2% cash back on purchases at restaurants, and 1% cash back on all purchases. There is no annual fee. It is offered to applicants with exceptional credit.
However, you can only redeem your cash back in $25 increments.
There are also perks which the Visa business cards we like didn’t have. So here are some more of our favorites.
Check out the Business Gold Rewards Card from American Express OPEN. So you can get 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 annual fee for the first year. However, then afterwards your annual fee rises to $175.
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 earn 50,000 Membership Rewards points after spending $10,000. In addition, get 25,000 more points after spending an added $10,000 all on qualifying purchases within the initial three months.
Additionally you can get five times the Membership Rewards points on airline flights and prepaid hotels on amextravel.com. However, it has a $450 annual fee.
Check out the Wells Fargo Business Secured Credit Card. It enables cardholders to get a credit limit of $500 – $25,000. The amount offered corresponds to the amount of money you offer 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 annual fee will be.
This card lets company owners with substandard personal credit to obtain a card to make purchases and develop business credit.
However, the card will only report to the personal credit agencies if you default or are behind on payments.
Your absolute best company credit cards hinge on your credit history and scores. Only you can choose which perks you want and need, so be sure to do your research. Visa business cards might turn out to be the best choice for you. But they just as well might not. So be sure to keep an open mind.
And, as always, make sure to build credit in the recommended order for the highest, fastest benefits.