Small Business Credit Cards

Business Credit Card

Terms and Conditions for the Membership Rewards® program apply. Participating partners and available rewards are subject to change without notice. Skylight Pay Options Payroll Card is provided by NetSpend®, division of Global Payments, which is not affiliated with Western Alliance Bank or its divisions. Applicable fees may be charged by NetSpend or Global Payments separately from any fees assessed by Western Alliance Bank.

These business credit cards offer bonus rewards on categories popular with small businesses, such asoffice supplies,airfare,advertisingandgas. If you haven’t established a credit profile with the three major consumer credit bureaus, finding a business credit card can be a challenge. There are no unsecured business credit cards for bad credit, but there are unsecured personal credit cards for bad credit that business owners can still use.

For full access to your business scores, you’ll have to pay. Experian, Dun & Bradstreet and Equifax all offer several different types of paid access to your business credit history from a basic score to comprehensive score improvement tips. When you’re ready to get a business card, gather your EIN or SSN, your income information and apply either online or at a bank branch. Has unmatched earnings in categories that cater to those who live in their cars. 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.

Yes, but you should take into account your specific business needs. Business credit cards are faster and allow you to use only what you need — though if you aren’t able topay your balances in fulland on time every month, you may be hit with big interest charges. If your business cycle is a few months between incurring the expenses and receiving payment from a customer, a business loan may be a more cost-effective solution. For personal credit, the main bureaus are Equifax, Experian and TransUnion. Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening – with no annual fee and cash rewards don’t expire.

Union Bank® Business Preferred Rewards Visa® Credit Card

In general, the best credit cards for startups will offer money-saving benefits and payment flexibility. That’s why we think the American Express Blue Business Cash™ Card is an excellent choice for startups as it offers 2 percent cash back on all purchases on up to $50,000 per calendar year, then 1 percent. Small businesses can get a lot with this low-hassle business card. The card is affordable to hold for a business card, boasting no annual fees or foreign exchange fees for any purchases made abroad. You’ll also enjoy unlimited cards to use for your company and a modest flat-rate of cash back on all purchases. Bank of America has business credit cards on both the Mastercard and Visa payment networks, which are extensive in the U.S. and abroad. Business owners with fair credit may qualify, and applying will place only a soft inquiry on your personal credit file.

If your expenses are concentrated in one category like travel, then search for the best business credit card that offers rewards for those kinds of purchases. 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. Get rewarded on expenses with new cardmember bonus offers, and by earning cash back rewards, airline miles, or credit card reward points on all your business purchases. Experience the power of your rewards with flexible redemption options, to find what best meets your business needs. Whenever anyone applies for a credit card, there’s always a key question they ask — how will it impact my credit?

  • In fact,business-specific bonus categoriesare one of the main ways that business credit cards differ from personal credit cards.
  • And most will base your interest rate, at least in part, on your credit scores and other qualifications; the better your credit, the more likely you will be offered a low-rate card.
  • The card earns 3 points per dollar on the first $150,000 in combined travel, shipping, internet, cable, phone services, and advertising purchases made on social media sites and search engines each account anniversary year.
  • This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories.
  • It is helpful, however, to have clear rules regarding who gets a card, whether it’s based on seniority, position, or other factors.
  • Read our full review of the Ink Business Preferred Credit Card.

Most American Express cards also offer a tremendous sign-up bonus, as well as opportunities to earn rewards points and bonus points for qualifying purchases. If you select the Wells Fargo Business Elite Card Rewards® cash back program option, you will earn 1.5% cash back for every dollar spent on qualifying purchases for the life of the account. Earned cash back is credited quarterly to your Wells Fargo business credit card account or to an eligible business checking or savings account. Wells Fargo reserves the right to cancel, alter, or temporarily suspend the program at any time without notice. Additional information about the cash back program will be mailed separately. If you select the Wells Fargo Business Card Rewards® cash back program option, you will earn 1.5% on qualifying purchases for the life of the account. The Spark line of business credit cards from Capital One has long been a favorite of business owners looking for quick approvals that serve a wide variety of personal credit scores.

Reward Employees And Customers With Visa Gift Cards

Read our full Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card review or jump back to offer details. You can choose which category you’d like to earn your highest cash back Business Credit Card rate in and you can change that category as needed to fit your spending habits. The rewards program is straightforward; it’s also generous relative to its annual fee ($95, $0 intro for first year).

Just be sure you can recoup the card’s hefty $695 annual fee. Offering a welcome bonus, flexible financing options and decent rewards , the American Express Blue Business Cash Card is decidedly well-rounded for a no annual fee business card. All in all, it’s one of the better cards for new businesses on the market. Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening.

Financing from $50,000 to $1,000,000 on purchase and refinance loans in first lien position; $50,000 to $500,000 for equity loans, cash-out on refinance loans, and second lien position refinance loans. The Stand-by Letter of Credit provides a secondary payment option for defined contract terms to a third party beneficiary, and is drawn upon only in the event of non-performance. Pay off an existing mortgage on a business or commercial investment property, including potential cash-out opportunities.

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Whether you want to chat, call, or e-mail us – we are ready to support you. You can add your Capital on Tap cards to Apple Pay or Google Pay and use it wherever you see the contactless logo. +Rates are based on an evaluation of credit history, so your rate may differ.

Business Credit Card

Or, if you plan on paying your balance each month in full, then you might consider going for a card that has the biggest sign-up bonus and the most lucrative rewards. Free checked bag for themselves and up to four companions when flying American, as well as priority boarding. Best of all, the $99 annual fee is waived for the first 12 months. Earn bonus points in a wide range of categories including at U.S. restaurants, U.S. gas stations and on U.S. wireless telephone services. Marriott Bonvoy Business Amex’s current offer is a great opportunity to supercharge your Marriott Bonvoy points balance.

Bank Of America Business Advantage Customized Cash Rewards Mastercard Credit Card: Best For Customizable Business Cash Back

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  • Mariah Ackary is a personal finance writer who specializes in credit card rewards and small business credit.
  • The needs of a brand new startup are often different from the needs of a well-established company.
  • A business credit card and personal credit card operate in many similar ways.
  • Conveniently control and manage your card with the online eZBusiness platform.

Read our full Capital One Spark Cash Plus review or jump back to offer details. See every transaction as it happens, bringing all your spend into one place. You can request credit limit increases directly through the platform. Frequent business travelers will love the ability to boost point value by 25 percent when booking travel through Chase Ultimate Rewards. The annual credits come with a number of caveats and can be tricky to maximize. If you’ve got a Chase Ultimate Rewards card, you can transfer your rewards and redeem them for extra value.

Issue Cards, Set Custom Limits, Auto

United Business Card is an affordable option for business travelers who tend to fly with United and its partners. If you also happen to carry a consumer United credit card, the United Business Card is a great pair it with. Doing so will not only help you keep your personal and business expenses separate, but you’ll receive 5,000 bonus miles each year on your United Business Card account anniversary for carrying both cards. The United Business card offers a plethora of travel benefits that will benefit business owners who prefer to fly United — all for a reasonable $0 introductory annual fee for the first year, then $99. The Capital One Spark Cash Plus is a business cash-back card that offers 2% on all purchases. If your business spends more than $7,500 annually and doesn’t want to keep up with multiple bonus categories, this is the perfect card for you.

The information stated above is accurate as of March 17, 2022; however, this information is subject to change. Digital account management with Truist Online Banking and Truist eZBusiness.

Business Credit Card

The Chase Ink Business Cash is an excellent no annual fee card for small business owners. Cardholders can earn 5% cash back on office supplies and select utilities, as well as 2% cash back at restaurants and gas stations. If you like to travel in style, the Delta SkyMiles® Reserve Business American Express Card (Terms apply. See rates and fees) might be for you. The card offers both Delta and American Express Centurion club access when flying Delta. It also offers status boost, which allows you to earn 15,000 Medallion Qualifying Miles after $30,000 of spending on the card up to four times per year. If you want a no annual fee card that allows you to earn valuable rewards, Ink Business Cash® Credit Card is a good option. This card is marketed as a cash back card, but can be paired with a premium Chase Ultimate Rewards-earning card to unlock the full value of Chase Ultimate Rewards points.

What Kind Of Business Credit Card Rewards Can You Earn?

The key unknown that causes many business owners frustration when finding a business credit card is not knowing how big of a credit line they can access before they apply. Just because an issuer reports your account to the major credit bureaus doesn’t mean that they won’t make mistakes or clerical errors. If you’re building business credit, keeping an eye on the accounts that appear on your reports and scores is vital. There are often fees, but any private individual can pull your business’s report at any time. You can monitor and manage your business credit scores with major commercial credit bureaus with a free Nav account, which includes alerts so you can monitor your credit as you build your scores. When you apply for a personal credit card, your payment and account history is generally reported to at least one, if not all three major consumer credit bureaus — Experian, Equifax and TransUnion.

The $450 annual fee is offset by the complimentary United Club lounge membership (worth $550/year), so the rest of the benefits are essentially free. You’ll earn a nifty 1.5 miles-per-dollar on all purchases (2-1 on United), with no limits or spending categories. An RBFCU Business Mastercard credit card provides a 2% flat cashback earning potential without a ceiling or tiered system. A different card number is issued to each employee, which will not interrupt the use of the account should an employee lose a card, or if an employee leaves the company and requires termination of the card. Merchants who accept Visa credit cards are assigned a merchant code, which is determined by the merchant or its processor in accordance with Visa procedures based on the kinds of products and services they primarily sell. We group similar merchant codes into categories for purposes of making reward offers to you.

SVB Corporate Cards3 are designed to help you better manage your spending and payments transactions, while you scale and grow your business. SVB has worked with many startups across the innovation economy.

Can I Apply For A Business Credit Card Without A Business?

For business owners looking to maximize cash flow, there is a 0% Intro APR on balance transfers for 12 billing cycles. Structuring your business as an LLC doesn’t by default narrow your business credit card options, but it can make the process of applying for a business credit card a bit more laborious if you have partners. Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership. When applying for a small-business credit card, you’re likely to be asked for the business’ tax identification number. This doesn’t have to be an EIN, but you can use it if you have one. Credit reporting bureaus are companies that generate both business and personal credit scores.

Brex Cards Grow With You

It has an interest charge if the balance is not repaid in full each business cycle. Your EIN—your employer identification number—is the nine-digit number assigned to your business by the IRS. If you’re operating as a sole proprietor and don’t have an EIN yet, use your Social Security number. Read our full Divvy Business Card review or jump back to offer details.

A business credit score is on a scale from 1 to 100, with 100 being the highest possible score. A personal credit score is a three-digit number, usually starting at 350 and going up to 850. Many cards will offer not only a welcome bonus, but an intro APR. Make sure you will be able to pay off any large purchases before the interest rate applies. Annual fees often cover membership benefits offered by cards. Prospective cardholders should calculate how much they’ll need to spend in order to accumulate enough rewards or cash back to offset that fee. If you do travel more than once per month, however, you may want to consider a travel credit card with a Priority Pass Select membership that includes unlimited visits.

By doing so, record keeping is easier, especially at tax time. Get a 1.5% discount on the portion of your eligible charges balance that you pay within 10 days of your statement closing date, as long as you pay at least your Minimum Payment Due by your Payment Due Date. The discount will appear as a credit on the following billing statement. Eligible charges are purchases for goods and services minus returns and other credits.

The rewards program is straightforward and the flat-rate return on spending is generous. Read our full Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card review. You must have enough points to cover the entire purchase in order to receive the text message to redeem.

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