Credit Cards Small Business
Credit Cards Small Business
Business Credit Card

Earn unlimited 1.5% cash back on all purchases everywhere, every time. When you own a business, there's a long list of things to keep track of. If adding "card rewards categories" to that list is unappealing to you, The Blue Business Plus is a great, hassle-free choice. Because of its promotional APR on purchases, this card is also a great choice for business owners looking to temporarily avoid interest charges on a big purchase. 2% cash back on dining purchases (on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter).

  • Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research.
  • That means you could earn up to an unlimited 2.62% cash back on all purchases.
  • Read our full review of the Delta SkyMiles Reserve Business American Express Card.
  • For specific restrictions, limitations, and other details, please consult your Business Credit Card Account Agreement.

Earn bonus points in a wide range of categories including at restaurants, U.S. gas stations and on U.S. wireless telephone services. Southwest Rapid Rewards Premier Business is the card for you. You’ll get two EarlyBird check-ins per year, a 25% discount on inflight purchases and more. This card makes it easy to maximize your business expense by providing a solid rate of return on every purchase. Cover travel expenses at a fixed value of 1 cent apiece, so you’re guaranteed to get an effective return of at least 2% on every purchase. This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products.

How to Choose the Right Credit Card For Your Business

No cap or limit on the number of points you can earn, and you have five years to redeem for rewards. Instead, if you’re the sole business owner, you’ll have to use your Social Security number.

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A few key considerations you should make when choosing a Bank of America business credit card:

One of the rare business cards that doesn’t require a personal guarantee, the Brex 30 Card is an option if you have significant assets. You’ll need to meet their Business Credit Card size and revenue criteria in order to be eligible. Is a brother to the personal United Club Infinite Card, with a slightly different earning structure.

You don’t need good credit to get a business credit card, but if you want one with competitive rates and features, you’ll need good-to-excellent credit. The best small-business credit cards — the ones with low interest rates, generous sign-up bonuses, long intro 0 percent APR offers and more — are reserved for people with a FICO credit score of 670 or higher. Plus, after receiving your first business credit card, you’ll be able to establish a business credit score. Depending on which type of card you choose, business credit cards often come with additional perks and upgrades. These can include business credit card rewards, which are often customized to fit the categories where businesses spend most, like office supplies, dining and travel. The rewards typically come in the form of cash back or travel miles.

A few key considerations if you need a card with a high credit limit:

Only for businesses with annual sales over $1 million who require robust employee spending control and reporting. 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 15.49% – 23.49%, based on your creditworthiness and other factors at account opening. With credit lines up to $15M, Divvy makes it easy to access the funding you need, no matter the size of your business. Apply for a credit line through a simple online application and start spending smarter. First purchase bonus points will be applied 6 to 8 weeks after first purchase and are not awarded for balance transfers or cash advances. First use bonus points are awarded only on the Authorized Officer purchases.

The application for a small-business credit card will typically ask for the tax identification number of the business. If you’re a sole proprietor, you can use your Social Security number. Either way, the application will also ask for information about the individual who is personally guaranteeing the debt. To get your card's sign-up bonus, you typically need to make a few thousand dollars' worth of purchases in the first few months after opening the account. Check your card's terms and track your spending to make sure you don’t miss out.

Why use a small business credit card instead of a personal card?

Every hard credit pull has the potential to lower your personal credit score by a few points, so be prepared to see a slight dip in your score. Plus, lenders want some kind of indication that you’ll use your business credit card responsibly. If you don’t have a lot of business credit built up, your personal credit will be the primary indicator of your overall credit habits. Business credit cards are designed for small-business owners. While that might bring to mind an image of someone operating a physical storefront, small-business owners take many shapes. Freelancers, contract workers, online merchants and all kinds of gig workers can qualify for business credit cards.

  • You might be surprised to learn that you could qualify for a business card.
  • Cardholders receive up to 365 daily in-flight Wi-Fi credits worth $8 apiece each year, which means you can surf the internet for free on Southwest any time you fly.
  • While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
  • Free first checked bag for the primary cardholder and one travel companion on the same reservation.
  • This means you’re responsible for the balances even if your business goes belly up.

The lounge access plus other United perks easily outweigh the annual fee if you normally pay for a United Club membership anyway. If your business is not near a United hub, this card may not be for you. The Chase Ink Business Unlimited® Credit Card is marketed as a cash-back card, and offers a relatively high rate of cash back. When paired with a premium Chase Ultimate Rewards card, rewards are treated as transferable Ultimate Rewards® points which makes this card even more valuable. The Unlimited tops the Ink Preferred if you want a straightforward earnings rate rather than bonus categories as long as you pair it with a card that has transferrable rewards. Earn 2 miles per $1 spent on United® purchases, dining including eligible delivery services, at gas stations, office supply stores, and on local transit and commuting.

U.S. Bank Business Leverage® Visa Signature® Card

Remember, if you don’t think you’ll hit the spending limit, you may want to reconsider taking out the card in the first place. American Express Global Lounge Collection, I assigned a value of $325 for these perks. Earn a $100 United travel credit after 7 United flight purchases of $100 or more each card anniversary year. Bank of America Business Advantage Unlimited Cash offers a terrific 1.5% earning rate on all purchases . Earn 3 Miles on every dollar spent on eligible purchases made directly with Delta.

Business Credit Card

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