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Published By Janet Gershen-Siegel at February 28th, 2019
Are you craving a Visa business credit card? We did the research for you. And we found lots more options with terrific perks, so be sure to check in case any of those end up being a better deal for you. We looked at a substantial number of corporate credit cards; here are our favorites.
According to the SBA, corporate credit card limits are 10 – 100 times those of personal cards! This shows you can get a lot more money with company credit. And it also means you can have personal credit cards at stores.
Also, you can now have an additional card at the same stores for your company. And you will not need collateral, cash flow, or financial information in order to get business credit.
Advantages vary, so make certain to select the reward you prefer from this collection of options.
For Fair Credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. You will need to have a credit score of 690 or higher. NOTE: the standard APR is 23.99% variable APR.
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. Also, there is a 3% balance transfer charge.
Thereafter, the purchase APR is a variable 10.49% – 18.49%. So this depends on creditworthiness. Also, there is no annual fee. This card is just on offer to people with great or excellent credit. But unfortunately, there is no rewards program for purchases.
Be sure to check out the Ink Business Preferred Card from Chase. Earn 80,000 bonus points once you spend $5,000 on purchases in the first three months from account opening.
Also earn three points for each dollar on the first $150,000 spent. So this is in combined purchases on travel, shipping purchases, and internet. It is also for cable and phone, and advertising purchases made with social media sites and search engines each account anniversary year.
And earn one point per 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.
So this is 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 a 0% APR period, we really like the Ink Business Cash ℠ Credit Card. You pay no yearly cost. It’s got an interest-free time period. It has flexible cash-back rewards.
There are spending limits for your employees. Also, you will need a credit score of 690 or higher.
You may find that a Visa business credit card isn’t the best choice for your company. So here are some other selections we like. These cards are on offer from American Express and MasterCard.
Blue Business Plus from American Express
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 double points on ordinary business purchases up to a yearly limit. 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 during 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 three months. Earn two miles per dollar spent on purchases made directly with Delta. Earn one mile per eligible 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 register 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, including access to TSA PreCheck program. And you also get one point per dollar spent on most purchases. Also, you get 1.5 times the points on charges of $5,000 or more on qualified purchases.
However, this is up to one million more points yearly. Get five points per dollar spent purchasing flights and prepaid hotels from the American Express Travel web site.
Also, 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 combined purchases on travel, shipping purchases, internet, cable and phone, advertising purchases made with social media sites and search engines. However, this is for each account anniversary year.
Also, get one point for each dollar on all other purchases. There is no limitation to the amount you can earn.
Have a look at the Blue Business Plus Credit Card from American Express. It has a 15-month introductory 0% APR offer. There is no yearly fee.
Right now 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 enables cardholders to get a credit limit of $500 – $25,000. The amount offered is identical to the amount of funding you supply to secure the line.
Your purchase APR rate can be as low as a variable 13.15%. The annual fee is $25. The more cards you have, the more expensive your annual fee is going to be.
This card lets company owners with inadequate personal credit to get a card to make purchases and develop business credit.
However, the card will just report to the personal credit agencies if you default or are behind on payments.
Check out the American Express Blue Business Cash™ Card from American Express. Get 2% cash back on all eligible purchases on up to $50,000 per calendar year. And get 1% cash back on all purchases thereafter. Pay a 0% annual fee and a 0% introductory APR.
Also, take a look at 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 yearly.
Also, you get 2% cash back on purchases at eateries, and 1% cash back on all purchases. There is no yearly fee. It is offered to applicants with excellent credit.
However, you can only redeem your cash back in $25 increments.
Consider 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 within 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 yearly fee increases to $175.
Also, take a look at the Business Platinum ® Card from American Express. Earn 85,000 Membership Rewards® points after you spend $15,000 on qualifying purchases on the Business Platinum Card within your first 3 months of Card Membership.
APR on purchases will be a variable rate, 14.24% – 22.24%, based on your creditworthiness and other factors as determined at the time of account opening. But keep in mind, it has a $595 annual fee!
Your absolute best Visa business credit card is dependent on your credit history and scores. Just you can decide which perks 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 best, fastest benefits. Check out how this will help your company get business credit cards.