The Best Business Cards for Small BusinessesOctober 3, 2022
Business credit is the ideal capital tool for growing your business while earning a slew of rewards.
Every entrepreneur, from freelancers and startups to big corporations, can leverage and benefit from using business credit cards, but how do you choose which card best suits you among the plethora of options?
Before choosing the right card, you must understand the benefits and rewards you can receive from business credit cards:
Some of these benefits you will reap regardless of the card you pick, such as no collateral or giving up equity in your company and being able to separate your business and personal finances. Most business credit cards offer a 0% APR rate for between six and 12 months.
Choosing a card that fits your spending habits and needs is essential to reaping all business credit cards have to offer. For example, if you use a hotel card for a hotel that you never plan to stay at, those points get wasted, whereas you may instead benefit significantly from cash back.
Here are some of our top picks for popular reward categories:
The Best Card for Startups: American Express Blue Business Cash™ Card
This card offers business owners one of the highest cashback reward rates available for all purchases on a card for small businesses by providing cardholders 2% cash back on all eligible purchases (up to $50,000 in purchases per calendar year). Cardholders will receive 1% after spending $50,000.
In addition to its cashback offer and no annual fee, the American Express Blue Business Cash™ Card offers Expanded Buying Power, which gives cardholders the ability to spend beyond their credit limit. The amount you can spend over your limit is determined by your use of the card, payment history, credit record, and income, among other factors.
Some other noteworthy features:
The Best Travel Rewards Card: Ink Business Preferred® Credit Card
The Ink Business Preferred® Credit Card is perfect for those who travel for business regularly since it offers competitive reward opportunities. Cardholders can earn 100,000 bonus points ($1,000 in cash back or $1,250 toward travel redeemed through Chase Ultimate Rewards®) when they spend $15,000 in purchases during the first three months of the card being opened.
Users earn three points per dollar spent on travel and specified business categories (on the first $150,000) each year while earning one point per dollar on all other purchases.
Other notable features:
The Best Straightforward Cash Back Card: Bank of America® Business Advantage Unlimited Cash Rewards Mastercard®
This card is best for those wanting to earn a decent amount of cash back without limits or expiring points. Cardholders will receive a $300 statement credit after spending $3,000 in purchases during the first three months of the account's opening. Additionally, users receive unlimited 1.5% cash back on all purchases without restrictions while given the opportunity to receive up to 75% more cashback (2.62%) on every purchase if they have an open business checking account with Bank of America.
Cardholders can choose how they wish to redeem their points – as a cash deposit into a Bank of America checking or savings account, a credit statement, or a mailed check.
Other noteworthy features:
When selecting the perfect business credit card for you, compare options by considering:
Regardless of the benefit or reward best suited for you, using business credit cards offer business owners of all sizes the opportunity to save thousands while rewarding and simplifying everyday business purchases. As a result, it becomes apparent that business credit is the ideal choice over any other business capital option
Want Actionable Information, Tools and Resources To Quickly Acquire Business Capital, Credit and Funding?
have a question?
Our business experts are available to answer questions Monday - Friday from 9:30 a.m. - 5:30 p.m. EST
Watch our business credit webinar:
Obtain $250,000 Business Credit
Let's Stay Connected on Social Media!
For over 14 years, Fund&Grow has helped 30,000+ business owners get access to over 1.4 Billion dollars of business funding. We're on a mission to empower the small business owner by helping them tap into the smartest form of funding: Unsecured Business Credit – so that they can achieve their goals and dreams.
"Fund&Grow was created to empower small business owners, but more importantly, to support entreprenuers in achieving their business and personal goals while they lead the way towards innovation." - Ari Page CEO of Fund&Grow
Ari Page and the Fund&Grow team help business owners obtain access to credit despite the ambiguous lending climate. Many people feel ripped off and scammed by the bank bailouts and wonder why they can't use the system to their advantage the way the big banks did. If you have good credit, the Fund&Grow program will get you the funds you need to grow your business.
Find 4,000+ 4.9-star average customer testimonials on the following platforms: Facebook, SoTellUs, Trustpilot, Google, BBB, among others.
All loans are subject to lender approval based upon credit criteria. $50,000 to $250,000 in business credit is for highly qualified clients over the term of the membership with multiple credit card batches and/or credit lines. Introductory rates of 0% apply to purchases and/or balance transfers after which it reverts to an interest rate, which varies by lender as disclosed in the lending agreement. Fund&Grow is not a lender.
© 2022 Fund&Grow. All Rights Reserved.