The Best Small Business Credit Cards
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Small business credit cards are one of the best ways for you to get funding. In an ideal scenario, everyone would have enough money, but unfortunately, life isn’t like that. So many people look towards banks and investors, though these can also be dead end opportunities. The small business credit card is on the rise, and some recent stories show that they can help companies grow from start-up to successful.
Despite their reputation there are some that hold more credibility than others. The industry has been popular for many years, though some companies, like Advanta, were casualties of the recession. Here are some of the best on the market.
One of the best on the market is the Ink Cashfrom Chase. New clients will immediately earn $150 cash back, after they make their first purchase. There is also the opportunity to earn an extra $100 cash back when you spend $5,000 in the first three months. Cardholders will earn 5% cash back on office supplies and telecom services. Additional 2% cash back on gas and dining and 1% on all other purchases.
But that’s not all. The card has other advantages apart from the cash back bonuses. It has a 0% introductory APR on all balance transfers and purchases for a six month period. The card has no annual fee, and in addition to this, adding additional cardholders is a simple hassle free method.
SimplyCash
Another small business credit card is the SimplyCash card from American Express. With this card you will receive 5% cash back on wireless services and purchases of office supplies, an additional 3% on gasoline and 1% on everything else. There is also no limit on the amount of cash back which can be earned on the card. You can add employee cards to your account, which enables you to earn cash back on their purchases.
One of the major positives to the SimplyCash card is that you are protected by American Express when you travel, and shop. You can also use their online tools which allow you to track your expenses and how it’s spent.
The third on the list of small business credit cards is the Starwood Preferred Guest from American Express. This card is aimed at business owners who travel. You have the chance to earn Starpoints towards a free stay on the guest program. After your first purchase you receive 10,000 points and an additional 15,000 after you spend $15,000, in the first 6 months. With these points you have the chance to book 2 free nights in a category 5 hotel.
Capital One No Hassle
Another hit among the small business credit cards is the Capital One Business Platinum. This is one of the most straightforward offers on the market and offers no hassle to the client. With the ability to earn 1% on all purchases, and an introductory APR of 0% on balance transfers, it makes the Capital one small business credit card one of the best.
The no hassle credit card isn’t the only small business credit card from Capital One, they also have the Venture. Similar to the Starwood, this offers users the chance to gain points when travelling. You can earn 10,000 points after spending $1,000 and also have the chance to receive 5,000 points for signing up an additional employee. The first year you own the card there will be no annual fee, but is $59 thereafter.
If you’re a small business owner then which card can depend on the lifestyle you lead. But either way, it’s important to continue your research for the perfect small business credit cards, as they can help you earn more when you spend. For more information on small business credit cards contact the Winflow Financial Group.
