Small Business Credit Cards

Small Business Credit Card

Small business credit cards are increasingly popular business financing options, particularly for entrepreneurs who don’t be eligible for a traditional business loans and don’t get access to networks crammed with deep-pocketed relations, friends, and colleagues.

Whatever your company does, a charge card can probably help – so long as you employ credit wisely and avoid making purchases your business can’t afford.

1. Chase Ink Business PreferredSM Credit Card

3x Points on Travel, Shipping, Telecommunications & Advertising ; 80, 000-Point Sign-up Bonus

chase ink business preferred credit cardChase Ink Business Preferred is Chase’s flagship business charge card. Though it features a $95 annual fee that’s not waived to begin with year, you will get the things you purchase : a generous rewards program that favors travel and everyday business purchases, an attractive points transfer feature that allows you to swap your Chase Ultimate Rewards points for other companies’ loyalty currency with a 1-to-1 ratio, and (perhaps best of ) a massive sign-up bonus worth as much as $1, 000 in free travel.

Whenever you spend a minimum of $5, 000 within three months of opening your account, you will get 80, 000 bonus Ultimate Rewards points. That’s worth $800 when redeemed for cash, and $1, 000 when redeemed for travel (because of Chase’s 25% bonus on several travel redemptions ). In case you travel plenty for business, that’s a challenge to resist.

This card’s regular rewards program is equally impressive. The 3x tier is unusually generous : cardholders get 3 points per $1 spent on travel, shipping purchases, telecommunications purchases (for example Internet, cable, cell phone bills ), and advertising, as much as $150, 000 in combined spending across those categories. All other purchases earn unlimited 1 point per $1 spent. Redemption options include cash, travel, gift cards, Amazon. com purchases, general merchandise, and even more. And cardholders can increase the worthiness and flexibility of the earned points by transferring them with a 1-to-1 ratio to popular travel loyalty programs for example British Airways Executive Club, Southwest Airlines Rapid Rewards, United MileagePlus, Marriott Rewards, and IHG Rewards Club.

Sign-up Bonus. Earn 80, 000 Ultimate Rewards points, worth as much as $1, 000 on travel and $800 in cash, whenever you spend a minimum of $5, 000 within three months of account opening.

Key Fees. There’s a $95 annual fee, but no foreign transaction fee.

Introductory APR. There’s no introductory APR promotion.

Regular APR. Coming from the day you open your account, the regular APR is 17. 24% to 22. 24% variable, counting on your personal creditworthiness and prevailing rates of interest. The cash advance APR is 26. 24% variable.

Other Perks. This card comes having a slew of value-added benefits, including a mobile phone protection plan (as much as $600 ) whenever you pay your mobile phone bill in full along with your card ; complimentary loss and damage coverage on rental cars paid in full using this card ; purchase protection for as much as 120 days ; extended warranties on purchased items with existing manufacturers’ warranties ; and trip cancellation and interruption insurance worth as much as $5, 000 per incident.

See our Chase Ink Business Preferred Card Review to learn more.

2. Chase Ink Business CashSM Credit Card

Versatile Rewards (As much as 5% Cash Back ) ; $300 Sign-up Bonus

chase ink business cash credit cardInk Business CashSM is really a popular business charge card having a generous cash back rewards program, solid sign-up bonus, and reasonable APR. It holds through Ink stable using the Chase Ink Business Preferred Card (see above ), a good more generous business cash back card.

Whenever you spend a minimum of $3, 000 within three months of opening your account, you will get $300 bonus cash back. From day one, you earn 5% cash back for office supply store and communications purchases (including Internet, TV, landline, and mobile phone services ), as much as $25, 000 each year. You earn 2% cash back on gas station and restaurant purchases, as much as $25, 000 each year. After reaching the $25, 000 cap, you earn unlimited 1% cash back on these spending categories. All other purchases earn 1% unlimited cash back also.

Redeem accumulated cash back for statement credits or direct deposits starting at $20, airfare booked through Chase’s Ultimate Rewards portal (which offers the chance to boost your cash back by 20%, turning $500 in cash back into $625 in travel purchases ), gift cards, and Amazon purchases. Redemptions start at $20.

Sign-up Bonus. Earn $300 bonus cash back whenever you spend a minimum of $3, 000 within three months of signing up.

Key Fees. There’s no annual fee. Foreign transactions cost 3% of the entire transaction amount. Cash advances cost the greater of $15 or 5%, while balance transfers cost $5 or 5%.

Introductory APR. 0% on purchases for 12 months.

Regular APR. From the account opening date, the regular APR is 14. 49% to twenty. 49% variable, counting on your personal creditworthiness and prevailing rates of interest. The cash advance APR is 26. 24% variable.

Other Perks. Chase’s Purchase Protection plan covers new purchases against damage or theft for 120 days, as much as $10, 000 per claim and $50, 000 total per account. The Extended Warranty plan offers complimentary extended warranty protection for a further 12 months on warranties originally set to expire after 3 years or less.

See our Chase Ink Business CashSM Card Review to learn more. Understand ways to apply for that card here.

3. The Business Platinum® Card from American Express OPEN

5x Points on Airfare and Prepaid Hotels Booked Through American Express Travel ; 75, 000-Point Sign-up Bonus

American express business platinum credit cardThe Business Platinum Card from American Express is really a popular business charge card. Like a charge card, it requires full balance payment from the statement due date, but doesn’t have regular interest charges.

The Business Platinum Card comes having a generous sign-up bonus and lavish perks that compensate for any hefty annual fee of $450. These perks include complimentary admittance to greater than 1, 000 airport lounges worldwide with the American Express Global Lounge Collection ; free WiFi at greater than 1 million Boingo hotspots worldwide ; reimbursement for TSA Precheck application fees (as much as $100 ) ; a $200 annual statement credit for incidental purchases made by having an airline of your liking ; a 35% bonus when utilizing points to book travel along with your selected qualifying airline, as much as 500, 000 bonus Membership Rewards® points each calendar year ; and 35% of your respective points back on several first and business class travel booked with any qualifying airline with the American Express Travel booking portal.

The Business Platinum Card from American Express includes a points-based rewards system. There’s a sign-up bonus of as much as 75, 000 Membership Rewards® points, good for $750 in travel booked through American Express’s portal (or perhaps more when transferring to partner travel programs ). Airfare and prepaid hotel purchases booked through American Express Travel earn unlimited 5 points per $1 spent. Purchases more than $5, 000 earn 1. 5 points per $1 spent, as much as a total of 1 million bonus Membership Rewards® every year. All other purchases earn an unlimited 1 point per $1.

Redeem accumulated points for gift cards, online shopping, travel purchases, statement credits, and much more. Redemption minimums start at 1, 000 points. Point values vary by redemption method, but rarely exceed $0. 01 – as an example, statement credits value points at $0. 006 apiece, while gift cards value points at $0. 01 apiece. Terms and conditions apply – begin to see the full collection of rates and fees.

Sign-up Bonus. Earn 75, 000 Membership Rewards® points, worth $750 or even more on travel. You will get 50, 000 points after spending a minimum of $10, 000 in purchases within three months of opening your account. Then a further 25, 000 points after spending another $10, 000 in purchases within a similar three-month period.

Key Fees. There’s a $450 annual fee, but no foreign transaction fee. Late payments cost $38 or 2. 99% from the outstanding balance. Returned payments always cost $38.

Introductory APR. Charge cards such like the Business Platinum Card don’t charge interest in the least, so there’s no intro APR to worry about here.

Other Perks. The Business Platinum Card has a number of lesser perks, including insurance coverage as much as $2, 000 for checked baggage ($3, 000 cumulatively for checked and carry-on baggage ) and 24 / 7 travel concierge service.

See our American Express Business Platinum Card Review to learn more. Understand ways to apply for that card here.

4. The Business Gold Rewards Card from American Express OPEN

3x Points in Category of Your Choice ; 2x Points in 4 Other Spending Categories

American express business gold rewards cardThe Business Gold Rewards Card is yet another American Express charge card having a rather high annual fee, a solid rewards program, a pleasant sign-up bonus, and attractive membership perks.

Whenever you spend a minimum of $5, 000 within three months of opening your account, you earn 50, 000 Membership Rewards® points. You also get three points per $1 spent in one spending category of your respective choosing, as much as $100, 000 in purchases annually. Categories include airfare purchased from airlines, advertising, gas stations, shipping (including UPS and FedEx ), and computing (hardware, software, and cloud services ). You will get 2 points per $1 spent inside the four remaining categories, also as much as $100, 000 in purchases annually in each category. Above the $100, 000 caps, purchases inside the five categories earn an unlimited 1 point per $1 spent. All other purchases also earn 1 point per $1 spent. Remember that the categories account for U. S. purchases only, using the exception of airlines.

Redeem your points for gift cards, travel purchases, online merchandise, and much more through American Express’s Membership Rewards® portal. Redemptions start at 1, 000 points, and points count between $0. 005 and $0. 01 when redeemed. Terms and conditions apply – begin to see the full collection of rates and fees.

Sign-up Bonus. Earn 50, 000 Membership Rewards® points, worth as much as $500 on travel, whenever you spend a minimum of $5, 000 within three months of account opening.

Key Fees. There’s a $175 annual fee, waived to begin with year, and no foreign transaction fees. Late payments cost $38 or 2. 99% from the late balance. Returned payments cost $38.

Introductory APR. Like all charge cards, the Business Gold Rewards Card has no intro or regular APR.

APR. Though this card doesn’t possess a regular APR, you have to pay your balance in full within two billing cycles or risk account closure and also a blemish in your credit report.

Other Perks. There’s no preset spending limit for this card, though failure to pay out your balance can result in restrictions. Also, the baggage protection program covers carry-on bags (as much as $1, 250 ) and checked bags (as much as $500 ) from damage and theft.

5. SimplyCash® Plus Business Credit Card from American Express

5% Cash Back on Office Supplies & Cell Phone Purchases ; 3% inside an Additional Category ; $500 Sign-up Bonus

The SimplyCash Plus Business Credit Card is really a popular American Express charge card having a generous sign-up bonus, solid cash rewards program, and relatively low fees. However, you can’t make balance transfers using this card.

Whenever you spend a minimum of $5, 000 within six months of account opening, you receive a $250 statement credit. In case you spend $10, 000 on surface of that within 12 months of account opening, you will get another $250 statement credit for any total of $500.

Office supply and mobile phone purchases (inside the U. S. only ) earn 5% cash back, as much as $50, 000 each year. Purchases (also inside the U. S. only ) in one additional category of your liking earn 3% cash back, as much as $50, 000 each year. Available categories include hotels, airfare, car rentals, gas stations, restaurants, advertising, shipping, and computer hardware, software, or cloud computing. Following the $50, 000 limits, purchases inside the 3% and 5% categories earn unlimited 1% cash back, as do all other purchases.

Cash back automatically comes like a statement credit upon the second statement after it’s earned. Terms and conditions apply – begin to see the full collection of rates and fees.

Sign-up Bonus. Earn as much as $500 in statement credits : $250 whenever you spend a minimum of $5, 000 within six months of account opening and another $250 whenever you spend a further $10, 000 within 12 months.

Key Fees. There’s no annual fee, but foreign transactions cost 2. 7%, and late and returned payments cost $38.

Introductory APR. 0% APR for 9 months from account opening on purchases. After that, variable regular APR applies : 13. 49%, 18. 49%, or 20. 49%, counting on your creditworthiness along with other factors.

Other Perks. The Purchase Protection plan reimburses you for purchased items which are lost, stolen, or damaged within 90 days of purchase.