Small business credit cards are growing business financing options for entrepreneurs, especially those who cannot benefit from traditional business loans and who do not have access to networks full of deeply connected family members, friends and colleagues. No matter what your business does, a credit card can probably help you – as long as you use your credit wisely and avoid the purchase that your company cannot afford.
If you are looking to apply for a credit card, than you’ll need to ensure that you have sufficient creditworthiness. Some have additional benefits, such as low APR, attractive balance transfer promotions, personalized concierge service and side-benefits. However, many of them come with annual fees and require good or excellent credit to qualify.
Remember that the qualification for Business Credit Cards is slightly different from the recognition of consumer credit cards. Some publishers only require you to send a valid Social Security number and declare in writing that you will only use the card for business purposes. Basically, everyone who Files A C chart on tax time, including those who don’t think of themselves as business owners – these return issuers are freelancers and solopreneurs.
Some publishers are tougher. They demand a federal employer ID number (ein), looking for evidence of the establishment, or requesting financial statements. If you can’t prove that you own a company with legitimate cash flow, you won’t be eligible.
Also note that business credit cards are exempt from certain protections of the CARD Act, including the need for credit cards to regularly notify cardholders of changes in the terms and conditions. The following small business credit cards offer advantages and disadvantages to business owners with strong credit.
Best Small Business Credit Cards
1. Chase Ink Business UnlimitedSM Credit Card
$ 500 Registration Bonus ; Unlimited 1.5% Cash Back On All Eligible Purchases
The Chase Business Unlimited Cardchase Ink Business Unlimited is a free business credit card, an unlimited 1.5% cash back consumer credit card that replies to The Chase Freedom Unlimited, which is a free business. Ink Business Unlimited earns money with Ultimate Rewards points that can be used for cash, gift cards, travel purchases and general merchandise.
Additional benefits include a generous registration bonus of $ 500 after $ 3,000 in purchases within 3 months and a 12-month, 0% APR promotion in shopping and balance transfers. Second, Small Business Credit Cards are rare.
2. Chase Ink Business CashSM Credit Card
$ 500 registration bonus; 5% refund in communication and 2% cash back in office supplies store; gas stations and restaurants
Chase Ink Business cash credit card is a popular business credit card with a generous cash back rewards program, solid record bonus and reasonable Apr. It writes a more stable ink with Ink Business Preferred Card (higher).
When you spend at least $ 3,000 in 3 months after you open your account, you earn $ 500 bonus money. From day one, you can earn up to 25% a year for office supplies and communications purchases (including internet, TV, landline and mobile phone services). You earn up to $ 25,000 a year for purchases of gas stations and restaurants. Once you have reached $ 25,000, you earn unlimited money by 1% in these spending categories. All other purchases earn 1% unlimited cash.
Get the accumulated cash back for your account balance or direct deposit, starting at $ 20, booked through Chase’s Ultimate Rewards portal (20% increase in your cash money, Turn $ 500 into $ 625 on your return travel), gift cards, and Amazon purchases. Payback starts at $ 20.
3. The Business Platinum® Card from American Express OPEN
Business Platinum Card comes with a generous welcome offer and luxury advantages that compensate for a hefty annual fee of $ 450.
These include free access to more than 1100 airport lounges worldwide through the American Express Global Lounge Collection; free wifi at more than 1 million Boingo hotspots worldwide; reimbursement for TSA Precheck application fees (up to $ 100); a one-year exfres loan of $ 200 for incidental purchases with an airline of your choice; For each calendar year, 500,000 bonus Membership Award Points are used to book travel with your selected qualified airline company, 35% bonus points; and 35% of your points are returned to all first and business class travel booked with any applicable airline via the American Express Travel reservation portal.
Business Platinum Card from American Express has a point-based reward system. A welcome offer of up to 75,000 membership reward points is a good opportunity to spend at least $ 20,000 in the first 3 months on a $ 750 trip via American Express’s portal (even being transferred to partner travel programs). Airline tickets and prepaid hotel purchases via American Express Travel earn an unlimited 5 points for the $ 1 spent. Purchases greater than US $ 5,000 earn 1.5 points per year, up to a total of 1 million bonus points each year. All other purchases earn an unlimited 1 point per $ 1.
Use accumulated points for gift cards, online shopping, travel purchases, express loans and more. The redemption amount starts with 1000 points. Points values vary according to the method of benefiting from the offer, but rarely exceed 0.01 dollars – for example, credit notes are set to us $ 0.006, while Gift Cards are worth US $ 0.01. Terms and conditions apply – see the full list of fees and charges.
4. The Business Gold Rewards Card from American Express OPEN
50,000 points welcome offer; 3x points in the category you choose; 2x points in 4 other spending categories
the American Express Business gold award card is another American Express card with a fairly high annual fee, a solid reward program, a pleasant welcome offer and attractive membership benefits.
When you spend at least $ 5,000 in three months after opening your account, you earn 50,000 Membership Reward points. In addition, you can purchase up to $ 100,000 a year for three points per $ 1 spent in a spending category of your choice. Categories include airline ticket, advertising, gas stations, shipping (including UPS and FedEx) and computing (hardware, software and cloud services) purchased directly from airline companies. You can shop up to $ 100,000 per year for 2 points per dollar spent in the remaining four categories. Over $ 100,000, purchases in five categories earn unlimited 1 point per spent $ 1. All other purchases earn 1 point per spent dollar. Please note that the U.S. only takes into account U.S. purchases, except for airline exceptions.
Use your points through American Express’s Membership Rewards portal for gift cards, travel purchases, online products and more. Refunds start from 1,000 points and when redemption is made, the points are between 0.005 and 0.01 US dollars. Terms and conditions apply – see the full list of fees and charges.
5. SimplyCash® Plus Business Credit Card from American Express
5% cash back on office supplies and mobile phone purchases; 3% in additional categories
Plus simply cash business credit card with generous 0% introductory APR promotion (15 months), robust and popular with an American Express credit card rewards program cash at relatively low wages. However, you cannot make balance transfers with this card.
Office supply and cell phone purchases (in the United States only) earn up to 50% cash per year. Purchases in another category of your choice (in the United States only) earn up to 50% a year and earn 3% a year. Existing categories include hotels, airfare, car rentals, gas stations, restaurants, advertising, transportation and computer equipment, software or cloud computing. After the $ 50,000 limit, as with all other purchases, purchases in 3% and 5% categories earn an unlimited 1% refund.
The refund automatically comes as an express loan in the second account after winning. Terms and conditions apply – see the full list of fees and charges.
6. Capital One® Spark® Cash for Business
$ 500 Early Redemption Bonus ; 2% Cash Back On All Purchases
Capital One Spark Cash business credit card is very similar to Spark Cash For Business. Prices, wages and early spending bonus values are the same. The primary difference is a cash-based, non-miles-based reward system.
When you sign up for this card and spend at least $ 4,500 in 3 months, you earn $ 500 bonus money. Since the beginning, all purchases are earning unlimited 2% without deposit or restriction. You can get back any amount of accumulated funds for cheque or general statement loans.
7. Starwood Preferred Guest® Business Credit Card from American Express
75,000 points Welcome Offer; 6 Starpoints for $ 1 in Starwood features
Starwood Preferred Guest Business Credit Card is the business version of American Express Starwood Preferred Guest Credit Card. The two cards have similar fees, terms, rewards programs and side-benefits.
Eligible purchases at participating SPG and Marriott hotels earn 6 points per $ 1 spent. The U.S. restaurants, gas stations, and radio telecommunications purchases directly with us providers earn 4 points per US $ 1 spent on purchases and shipping. All other eligible purchases earn 2 points per spent 1 dollar.
You can transfer your Starpoints to participating in frequent flying programs (covering 150 airlines), or save your accumulated Starpoints for free overnight at participating SPG Marriott hotels, at a value of up to $ 0.025 each. The transfer of more than 20,000 points wins 5,000 Starpoints bonus.
All they said, This is a great card for business owners traveling on a regular basis. Terms and conditions apply – learn about fees and fees.
8. Delta Reserve for Business Credit Card
70,000 Bonus SkyMiles & 10,000 MQMs Welcome Offer; Up To 30,000 Bonus MQMs Per Year
American Express Delta Reserve Business Credit Card The Delta Reserve for business credit card is a super-premium business travel card designed for frequent Delta flyers who like to travel style. Although this list does not include a higher rate, it is a heavily annual flight fee ($450) and often limited appeals outside the Delta Flyer Club. However, if work permits your travel habits, lifestyle and budget, it’s hard to see why you don’t want to keep this card in your wallet.
Major investors are performing well especially with Delta Reserve for business. Spend $ 30,000 on eligible purchases in one calendar year and you’ll receive 15,000 bonus SkyMiles and 15,000 bonus Medallion Qualification Miles (MQM); you’ll double in the same calendar year and earn an additional 15,000 bonus SkyMiles and 15,000 bonus MQM. In addition, when you spend at least USD 25,000 in a calendar year, you receive medals for the Medallion quality score (MQD) Waiver. Thus, you can increase Medallion Status points and achieve the benefits of the drilled Delta.
Like other Delta business cards of American Express, Delta Reserve for business earns an unlimited $ 1 per $ 2 SkyMiles spent on eligible Delta purchases and all other eligible Delta purchases with an unlimited $ 1 SkyMile spent on all eligible Delta purchases. However, considering Medallion Status benefits and free access to Delta Sky Club and other generous benefits such as a free companion certificate every year, the regular rewards rate is almost next to it.
The medallion situation is quite complex. If you are new to Delta frequent flyer Flyers, review this primer in Delta medal program.
9. The Blue BusinessSMPlus Credit Card from American Express
Up to $ 50,000 per year 2x points
American Express Blue business plus a popular American Express business card with a credit card Blue business plus a nice reward program and a long 0% APR promotion.
This card rewards you to do business as usual. You earn 2 points for daily business purchases, such as office supplies or customer dinners. The 2x rate applies 1 point per dollar for purchases of the first $ 50,000 per year.
Use accumulated points for gift cards, online product purchases, travel purchases and more via American Express’s Membership Rewards portal. Points are usually between 0.005 and 0.01 US dollars when redeemed, and redemption starts with at least 5,000 points. Terms and conditions apply – see the full list of fees and charges.
10. Business Green Rewards Card from American Express OPEN
5,000 points welcome offer; 2x points on the trip
American Express Business Green Rewards Cardthe American Express Business Green reward card is a low annual fee, an American Express Business Rewards card that can be accessed with less generous rewards and less advantages than other Amex open business cards.
Your first purchase after opening an account has opened 5000 bonus Membership Rewards points. Travel purchases through American Express Travel earn 2 points per $ 1 spent. All other purchases earn an unlimited 1 point per spent $ 1. Points, gift cards, travel purchases, online products and other items are available starting at a discount of at least 1000. Points are usually between 0.005 and 0.01 US dollars in the purchase process, depending on what they are using. Gift cards are up to US $ 0.01 per point, while entertainment purchases are usually us $ 0.005. Terms and conditions apply – see the full list of fees and charges.