Last Updated: June 2nd, 2023
Small Business Credit Cards provide a sense of financial security to small business owners. Small business credit cards are different from the consumer credit cards as the spending limits are higher, more fringe benefits, low annual percentage rate (APR), and others.
Getting a business credit card for a small business owner is different- the name of the owner, social security number of the business owner, annual revenue of the business. You may need to pay a yearly fee and would need a good credit score to qualify for a small business credit card. For all those, you have a bad credit history check out Best Bad Credit Credit Cards.
Best Small Business Credit Cards
1. Chase Ink Business UnlimitedSM Credit Card
The business persons get a $500 sign up bonus along with the unlimited 1.5% cashback on all the eligible purchases. Moreover, you get several reward points being available for cash as per the conditions.
As already mentioned, the additional benefits along with the card include a signup bonus of $500 after the successful purchase of $3000 within three months to twelve months period. Additionally, we get the benefit of 0% APR on the purchase for 12 months from the date of account opening.
2. Capital One Spark Cash for Business
The individuals with the business card are free to spend at least $4500 within three months period and avail a benefit of $500 cash back on the eligible purchases.
Moreover, you get the cashback of 2% on all the purchases without any caps or restrictions. You will need to invest $95 as the annual fees for the card during the first year.
There is no provision of introductory APR. Other perks include the quarterly spending report along with the financial statement four times every single year.
3. American Express Blue Business Cash Card
American Express Blue Business Cash Card is one of the popular Business Cash Card having an astonishing 0% APR as introductory promotion (12 months). It has comparatively low handling fees, and cash rewards program.
The individuals are eligible to earn 2% cash back on the eligible purchases getting a benefit up to $50000 every single year. The purchases above $50000 let the individuals earn an unlimited cashback of 1%. The individuals earn the cashback as a statement credit.
There are annual fees for having the card. The foreign transactions cost 2.7%, and the returned or the late payments cost up to $39.
4. The Business Platinum Card from American Express
You are eligible to enjoy 100000 redeemable points welcome offer with the business card. The condition applies when you spend $25000 on the eligible purchases in the first three months.
Moreover, you are entitled to enjoy 5x points on the air travels and the hotels booked via Amex Travel. The card lavishes the perks compensating for an annual fee of $595.
You can access free Wi-Fi through Gogo and Boingo hotspots, and eligible for 35% of the total points using the membership reward points while booking with qualified airlines.
3 Best Real Estate CRM Software For Your Business
10 Best Accounting Software For Business (Free And Paid)
5. American Express Business Gold Card
With the American Express Business Gold Card, you are eligible for 25% bonus points on the airline purchases paid via redeemed points. The Business Credit card exhibits a higher annual fee, maximum reward offers, and reliable membership perks. The starters are eligible for earning 4 points per $1 on the first $150000 under two different categories in the annual purchases.
The annual fee is $295 without any foreign transaction amounts. There is no introductory APR, and it varies from the range of 16.24% to 24.24% depending upon several factors.
6. The Blue Business Plus Credit Card from American Express
The business credit card is available with an excellent reward program and a long 0% APR introductory promotional features. You are eligible for 2% points on every single business purchase. This offer applies to the first $50000 in purchases every single year. After that, 1 point per dollar is allocated.
There is no annual fee for the proceeding but 2.7% foreign transaction cost is applied. Return or the late payments cost $39 for smoother outflow. Moreover, you are eligible for 12 months extended warranty on the items covered with five years or less warranty period.
10+ Best VoIP Phone Services For Your Business In 2019
Steps to Choose Health Insurance for Small Business
7. US Bank Business Platinum Card
You are not eligible for any signup bonus along with the card. However, it offers 0% APR promotion for balance amount transfers and other successful purchases.
There is no annual fee with the card but the foreign transaction costs around 3% of the entire transaction amount. You are eligible for 0% APR for 12 months.
The card offers control on the investment, letting you manage your employee’s spending. You can load your business card into mobile wallet functionality for better flexibility and reliability.
8. Bank of America Business Advantage Travel Rewards World Master Card – Credit Card
Bank of America Business Advantage Travel Rewards World Master Card – Credit Cardis one of the feature-rich no annual fee reliable business travel card with big signup bonuses. There is an equipped travel rewards program favoring the investment on travel.
You are entitled to earn 25000 sign up bonus points after a successful investment of $1000 during the first 60 days of the membership.
For the first nine billing cycles, you are eligible for 0% APR on the purchases. Moreover, you get travel coverage, tools concerning the cash flow management, and several other benefits.
9. Marriot Bonvoy Business American Express Card
You get a benefit of 75000 points availing the welcome offer with the business card. It applies after spending $3000 on eligible purchases during the first three months.
Additionally, you get six Marriot Bonvoy points every dollar 1 spent on the Marriot Bonvoy Hotels. The card handling costs $125 without any foreign transaction fees — no introductory APR in there.
10. Delta Reserve for Business Credit Card
The card applies for frequent travelers and available with a $450 annual fee. The regular APR varies in the range 17.74% to 26.74% depending upon the rates as and when applied. There exist additional available perks including 20% in the flight delta purchases and others.
The above-mentioned small business credit cards are worth for the business persons to effectively handle their financial transactions. Small business owners should choose a business credit card based on factors which include the annual fees, reward programs, free card for employees, low APR and much more.
No Responses