The best credit card that suits one business might not be the best choice for another. Some small businesses are looking for credit cards with no fees, no interest rates, and tangible cashback percentages? In the course of this article, we will be looking at the top 10 credit cards that are best suited for small businesses. Without further mouthing, let us delve in.
1. Bank Of America Business Advantage Customized Cash Rewards Mastercard Credit Card
If you have a small business and you want to benefit from a credit card that gives tangible cash backs, then you have to make this credit card a must-pick. This bank of America credit card is best suited for small businesses because it does not charge any annual fee and has a $300 intro offer. Also worth noting is that this credit card charges a 0 percent intro APR on purchase for 9 billing cycles.
2. Ink Business Unlimited Credit Card
The Ink Business Unlimited credit card is suitable for your small business because they offer a 1.5% cash back on every purchase you make for your business. It has a zero-dollar annual fee and a regular APR ranging from 13.24% to 19.24%.
It is important to note that if you get a $750 bonus cash after spending $7500 on purchases in the first three months of account opening. They also offer fraud protection, as your credit card will be monitored to see if there is any sign of fraudulent activity.
3. American Express Blue Business Cash Card
This is an interesting credit card that has features that suits any small business owner. This is largely due to its features that reduce the cost of using the credit card. There is no annual fee that is incurred with the American Express Blue Business Cash card, and also they offer you an intro offer that is worth $250. If you reach a spending threshold of $50,000 in one calendar year, you then get 2% cash back on all purchases made.
4. The Blue Business Plus Credit Card From American Express
This is another credit card from American Express that offers small business owners no annual fee. They also have 15,000 points given to new users as an intro offer. If a small business owner uses the Blue Business Plus Credit Card from American Express to reach a spending threshold of $50,000 they will get a 2% cash back. This credit card from American Express is hassle-free and can be used by small business owners to avoid interest charges on a big purchase. Also worth noting is that the Blue Business Plus Credit Card From American Express does not charge an annual fee.
With the Blue Business Plus Credit Card, the amount of money that you spend above your credit limit is not unlimited. The credit limit adjusts with the use of the credit card, credit record, and payment history.
5. Capital One Spark Miles For Business
This card is different from the above-reviewed credit cards because they charge a $0 annual fee for the first year and then $95 after that. If you are a small business owner that makes a lot of trips, then the Capital One Spark Miles For Business credit card can help you. This card does not charge fees for foreign transactions and it has a straightforward rewards program.
6. Divy Business Card
The Divvy Business Card is a credit card that has no annual fees. They have interesting reward rates for hotels, restaurants, and recurring software subscriptions. A small business owner with the Divvy Business card can request an increase in credit limit directly.
There is transparency with this credit card, as you will see every transaction as it happens. They help to bring all your spending details into one place. Also worth noting is that there are no expense reports that can be incurred with the Divvy Business card.
7. American Express Business Gold Card Review
This credit card is best suited for small businesses that spend money on a constant basis. Although it comes with a hefty annual fee of $295, it has other features to compliment. It is a credit card that has a solid welcome bonus and rewards rates. The two major downsides of this credit card are that it offers small business owners no cash advances and few to no premium perks.
Also worth noting is that the American Express Business Gold Card offers its users flexible limits and payment options.
8. Capital One Spark Cash For Business
The Capital One Spark Cash For Business is a credit card from Capital One that is a good fit for small businesses in the United States of America. It gives its users boosted buying power with the absence of a spending limit. This credit card offers users a $200 cash bonus after they reach a spending threshold of $200,000.
Capital one also gives you a flat 2% cash back rate for all eligible purchases you make with this credit card. The only downside of using this credit card is that it incurs an annual fee of $150.
9. Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card
This credit card makes the list because of its offer of flat-rate cashback and minimal costs. There are no annual fees, there is an intro offer of $300 and a low-interest rate on balance transfers and purchases.
This credit card may not be the best credit card offered by the “Bank of America”, but at least they offer 0% intro on APR on purchase for 9 billing cycles, before moving to a low-interest rate ranging from 12.24 percent to 22.24 percent (variable).
10. Ink Business Cash Credit Card
The Ink Business Cash Credit card is another card that small business owners can use to boost their business spending. If you have a small business that makes expenditure on office supplies and telecommunication services, then it will be wise to consider opting for this credit card.
They offer a maximum cashback rate that applies to you if you reach a spending threshold of $25,000 on bonus categories.
Other interesting features of this credit card include; a 0% introductory APR, and no annual fee.