The Best Credit Cards for Small Businesses
Chase Ink Business Preferred
For entrepreneurs looking to leverage on high value and flexible rewards on the business expenditure, the Chase Ink Business Preferred credit card is an ideal option. The business credit card utilizes Chase’s Ultimate Rewards (UR) scheme which allows you to combine reward points with other Chase credit cards like Reserve or Sapphire Preferred and use the collected points to redeem for cash backs and travel bonuses.
American Express Business Platinum Card
If your small business venture involves a lot of traveling, the Business Platinum Card from American Express will offer you huge savings on flight bookings, prepaid hotel stays, car rentals and additional expenditure during your travel, which include any expenses on airport lounges, Delta Sky Clubs and Amex Centurion Lounges across the country.
Capital One Spark Cash
The Capital One Spark Cash is a simple flat rate cash back business credit card but fantastically rewarding. After sign up you get up to $500 cash after spending around $4,500 within the first three months. After that, the credit card earns unlimited 2% cash back rewards on all purchases. It has no limit on how much you can redeem. There are no conversions or point values and no categories either. The 2% rewards on purchases last a lifetime, so cumulatively it can be very beneficial.
Chase Ink Business Cash Credit Card
The attractive 12-month introductory rate with 0% APR makes this card ideal for entrepreneurs looking to avoid interest when financing large purchases or transferring cash from one credit card to another. The Chase Ink Business Cash Credit Card is best for startups setting up their office since they can enjoy 5% cash back on the first $25,000 spent on office supply purchases, internet, phone and cable installation expenses.
Wells Fargo Business Secured Credit Card
Small businesses establishing or building their credit stand will benefit a great deal when using the Wells Fargo Business Secured Credit Card. Depositing in the range of $500 - $25,000 secures the credit limit of this card. Additionally, the business secured credit card from Wells Fargo remits up to 1.5% cash back each quarter.
AAdvantage Platinum Select World MasterCard
A great business credit card option for companies who fly a lot for work is the AAdvantage Platinum Select World MasterCard. It earns flyer miles on travel expenditure including purchases in gas stations and specified American Airlines. Addition perks include American Airlines Companion tickets for a cumulative $30,000 spend in a calendar year, priority boarding and checked bag among other benefits.
SimplyCash Plus Business Credit Card from AmEx
This card is excellent for businesses looking to save on office supplies. When spending with office supplies stores and U.S. based phone and internet service providers, companies can enjoy up to five percent cash back. There is three percent cash back on selected categories with a yearly spend of $50,000.