Best Small Business Credit Card
There are many small business credit cards on the market, each with its own unique features and benefits. It’s important to carefully evaluate each option and choose one that fits the specific needs of your business. Here are a few popular options to consider:
Chase Ink Business Preferred: This card offers a sign-up bonus, flexible redemption options, and a generous rewards program that offers bonus points for travel, shipping, advertising, and more.
American Express Blue Business Plus: This card offers a flat 2x rewards rate on all purchases, with no annual fee. It also offers a 0% introductory APR period for purchases and balance transfers.
Capital One Spark Cash for Business: This card offers a flat 2% cash back on all purchases, with no limits or restrictions. It also offers a sign-up bonus and a 0% introductory APR period for purchases and balance transfers.
Discover it Business: This card offers a cash-back rewards program, with bonus categories that rotate quarterly. It also offers a 0% introductory APR period for purchases and balance transfers.
CitiBusiness / AAdvantage Platinum Select Mastercard: This card is designed for small business owners who frequently travel with American Airlines, offering a generous sign-up bonus, bonus miles for purchases with American Airlines, and other travel-related benefits.
Remember, it’s important to carefully evaluate each option and choose a card that fits the specific needs of your business, whether that be rewards programs, 0% introductory APR periods, or other benefits.
How do I find the best business credit card for my company?
Finding the best business credit card for your company can be a daunting task, but here are some steps to help you find the right one:
Determine your business needs and spending habits: Think about what your business spends money on the most and what rewards or benefits you would like to receive from your credit card. For example, if you travel frequently for business, you may want a card that offers travel rewards or discounts.
Research different business credit cards: Look at various credit card issuers and compare their offerings, including interest rates, annual fees, rewards programs, and other perks. Make a list of the cards that meet your business needs.
Check your credit score: Before applying for a business credit card, check your credit score. Having a good credit score will increase your chances of being approved for the best credit card offers.
Read the fine print: Make sure you read the terms and conditions carefully before applying for a credit card. Look out for hidden fees, expiration dates for rewards, and other important details.
Apply for the card: Once you’ve found the best business credit card for your company, fill out an application. Be sure to include all the necessary information and any required documents.
Use the card wisely: After you receive your new credit card, use it wisely. Make payments on time and avoid carrying a balance if possible. This will help you avoid high-interest charges and improve your credit score.
Overall, finding the best business credit card for your company requires research and careful consideration. By following these steps, you’ll be able to find a credit card that offers the rewards and benefits that fit your business needs.
Can my business get a business credit card?
Yes, if you own a business, you can apply for a business credit card. In fact, many financial institutions offer credit cards specifically designed for businesses, which can be a great way to keep your business expenses separate from your personal expenses and manage your cash flow.
When you apply for a business credit card, the issuer will likely ask for information about your business, such as its legal structure, revenue, and a number of employees. If you’re a sole proprietor, you may be able to use your personal credit history to apply for a business credit card. However, if you have a larger business, the issuer may also request information about your business’s financial history and creditworthiness.
One important thing to keep in mind is that as the owner of a business credit card, you are personally responsible for any debt incurred on the card. This means that if your business can’t pay off the balance on the card, you may be personally liable for the debt. It’s important to use your business credit card responsibly and to pay off the balance in full each month to avoid accruing interest charges and debt.