If you’re a small business owner or entrepreneur, having a business credit card can be a valuable financial tool. Not only can it help you separate your business and personal expenses, but it can also provide valuable rewards and perks that can help you save money and grow your business. With so many options on the market, it can be tough to know which business credit card is the best fit for you. In this blog post, we’ll take a look at some of the top business credit cards available and what makes them stand out.
- The Capital One Spark Cash for Business. This card offers a generous cash back program, with unlimited 2% cash back on every purchase. You’ll also get a one-time $500 cash bonus when you spend $4,500 on purchases within the first three months of opening your account. The annual fee is $0 for the first year, then $95.
- The Ink Business Preferred Credit Card. This card is a top choice for businesses that frequently travel or have international expenses, as it offers 3 points per $1 spent on travel, shipping, internet, cable, and phone services, and 1 point per $1 spent on all other purchases. You’ll also get a sign-up bonus of 80,000 points (worth $1,000 in travel) after you spend $5,000 on purchases in the first three months. The annual fee is $95.
- The American Express Business Gold Card. With this card, you’ll earn 4 points per $1 spent on the two categories where you spend the most each month (out of a list of eight), as well as 1 point per $1 spent on all other purchases. You’ll also get a sign-up bonus of 35,000 points after you spend $5,000 on purchases within the first three months. The annual fee is $295.
- The Blue Business Plus Credit Card from American Express. This card is a great option for businesses that want a simple, flat-rate rewards program. You’ll earn 2 points per $1 spent on all purchases, with no annual fee.
- The Chase Ink Business Unlimited Credit Card. This card offers a simple rewards program, with 1.5% cash back on all purchases. You’ll also get a sign-up bonus of $500 cash back after you spend $3,000 on purchases within the first three months. The annual fee is $0.
When choosing a business credit card, it’s important to consider your business’s specific needs and spending habits. If you frequently travel for work, a card with a strong travel rewards program may be the best fit. If you want a simple, flat-rate rewards program, a card like the Blue Business Plus Credit Card may be the way to go. And if you want a card with a generous cash back program, the Capital One Spark Cash for Business or the Chase Ink Business Unlimited Credit Card could be the right choice.
No matter which business credit card you choose, it’s important to use it responsibly. This means paying your bills on time and in full each month, and not overspending just to earn rewards. By using your business credit card wisely, you can take advantage of its benefits and help your business grow.