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Choose from our popular Business Credit Card options such as low rate, cash back or flexible rewards to find the one that works best for your business. Credit card companies often offer low or 0% interest rates on new cards. No-interest credit cards give you a limited-time opportunity to finance your business without paying a penny of interest. Small business credit cards can help with short-term debts. The debt burden with small-business cards always lies with the primary cardholder.. With corporate credit cards, liability may fall solely on the business or be shared between all authorized cardholders.

This Smart card offers up to 7x rewards points, plus physical and virtual cards for every employee—with no fees and no contracts. This small business card comes with a number of notable bells and whistles, including budgeting software, expense management tools and a gamified rewards program. The 1.5 percent cash back you’ll earn with this card is unlimited, covering an array of purchases.

Best for unlimited cash back

Protect your business from fraud and overspending with Divvy virtual cards. Increase security with virtual cards, a payment solution that frees you from plastic cards and reduces your cost per transaction. Help improve cashflow with our venture-friendly credit limits and intuitive expense management platform.

• Rewards structures are different, particularly the categories that earn bonus rewards. A business credit card is more likely to earn bonus rewards on shipping or at office-supply stores, for example, than at supermarkets or movie theaters. Weigh the annual fee against any rewards you could earn from using the card. If you spend $200,000 a year on a card with a 2% rewards rate, for example, that’s $4,000 a year in rewards . Plus, annual fees are also deductible business expenses. Virtually all small-business credit card applications include personal guarantees, where you agree to be personally liable for the debt accrued.

Mastercard

After the application, it depends If your business credit card issuer reports all of your business credit card activity to both the consumer and business credit bureaus. This factor also applies for missed payments and other less-than-stellar credit card usage. However, if used responsibly, your business credit card can be a great tool for boosting your personal credit score as long as your issuer reports your activity to the consumer bureaus.

Sign-up bonuses are usually in the form of spending a certain amount of money in a certain amount of time. Remember, if you don’t think you’ll hit the spending limit, you may want to reconsider taking out the card in the first place.

Business Credit Cards

You must access funds from the Equipment Express® loan account within 60 days of account opening. Some applications will result in a pending status, which requires further review before final decision is rendered. The Commercial Letter of Credit fulfills payment per a contract agreement, typically used for international or domestic trade. Pay off an existing mortgage on a business or commercial investment property, including potential cash-out opportunities. Expand, grow or improve your business by increasing your cash flow cycle. Any personal views and opinions expressed are author’s alone, and do not necessarily reflect the viewpoint of Nav.

The owners and operators don’t have to provide a personal guarantee. Business cards draw a line between your business and personal finances. When you use the card only for business spending, its interest and fees can be tax-deductible business expenses. And https://www.bookstime.com/s offer rewards, perks and bonuses that rival those on consumer credit cards.

What’s the benefit of having a credit card that ties to your expense management software?

If you’re going to open a new business credit card to help fund your business or make daily purchases, you might as well choose one that may help you build business credit in the process. It’s never too early to start planning for a successful business and how you’ll take it to the next level. No single business credit card will be the best choice for all business owners across the board. In this in-depth guide, we’ll cover all of the essentials to choosing the right business credit card for your business, with insights and advice from our unbiased business and credit experts.

• The Prime Rate used to determine your APR is the Prime Rate as published in The Wall Street Journal on the last business day of the preceding calendar month.
• To learn more and apply go to bizcards.usbank.com/credit/business-edge-platinum.do.
• For small business cards, your personal credit score is often considered as part of the application process.
• Once the business credit card application is completed, the lender will conduct a hard credit inquiry into your personal credit.

Plus there’s a 25% annual bonus based on your prior year’s cash rewards, up to $250. Read our full list of the best business credit cards for travel here to learn more about our other top picks. 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.

BEST FOR CHOICE OF CASH BACK CATEGORY

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. Rates and fees) and expense-management tools help you track and organize expenses. You’ll get four priority boarding positions each year, which normally cost $30-$50 each, so that perk alone can offset the annual fee. Cardholders receive up to 365 daily in-flight Wi-Fi credits worth $8 apiece each year, which means you can surf the internet for free on Southwest any time you fly. Many entrepreneurs, and even self-employed individuals, are merely looking for simplicity and to minimize their costs as they do business.

Reward your business with flexible and rich rewards.Earn 3X points on shipping and other select business categories. This link takes you to an external website or app, which may have different privacy and security policies than U.S. We don’t own or control the products, services or content found there. We strive to provide you with information about products and services you might find interesting and useful. Relationship-based ads and online behavioral advertising help us do that.

FastFlex Small Business Loans require an existing Wells Fargo Business Demand Deposit account for at least 12 months to qualify. Leverage the equity in your commercial real estate for property improvements, business expansion, or the purchase of large equipment or property. There is no annual fee and Discover has an excellent reputation for customer service. Some card issuers also report to the Small Business Financial Exchange and that information is then available on reports sold by various business credit agencies.

a wealth of business benefits

No cap or limit on the number of points you can earn, and you have five years to redeem for rewards. Bonus points will be awarded upon $3,000 in spend in the first 90 days after account opening. Your Business.Different organizations have different needs. If you are a small two-person operation, your credit limits and needs will be very different from those of a multi-million-dollar firm. Please review the Rates & Fees for the KeyBank Business Card or KeyBank Business Rewards Card and the cardmember agreement for full terms of the offer. Washington couple purchases Twede’s Café with help from KeyBank. Please review the Rates & Fees and the cardmember agreement for full terms of the offer.

• Complete your banking transactions with ease and security.
• Look further than cash back percentages and points rewards to see what else a card has to offer, from airport lounge access to free additional employee cards and other tools that can help your business grow.
• Is an outstanding small-business hotel credit card — though a little unusual.
• 1% cash back on all eligible purchases after spending $50,000 per calendar year.
• This includes things like limits on fees and rules about when the issuer can change the interest rate.

Also, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. These ads are based on your specific account relationships with us. Similarly, if you don’t have a separate business contact number and mailing address, you can also use your own here too. There are several ways to make sure you’re making the most out of your card — here are some key habits to adopt. The information for the CitiBusiness Platinum Select card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Ways to apply for a card

Eligible charges are purchases for goods and services minus returns and other credits. Eligible charges do NOT include previously deferred amounts, past due amounts, cash advances, purchases of traveler’s checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents. In general, you must operate a business to qualify a small-business credit card, but that business does not have to be incorporated or even have a formal structure, such as a partnership or LLC. If you’re a sole proprietor, freelancer or “gig” worker, you can apply for a small-business card, too. Be aware, though, that the application will likely ask specific questions about your business — the name , what kind of business it is, how much revenue it brings in, and so on.

However, credit score alone does not guarantee or imply approval for any credit card, financing, or service offer. For business owners looking to maximize cash flow, there is a 0% Intro APR on balance transfers for 12 billing cycles. $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening. If you travel overseas, or regularly make purchases from companies based outside the U.S., you’ll also want to look for a card that does not charge foreign transaction fees. On United purchases, dining, at gas stations, office supply stores and on local transit and commuting. Plus, enjoy a free first checked bag and other great United travel benefits.

With a Wyndham at almost every highway exit you’ll never lack for options to spend your points. Receive a 5,000-mile “better together” bonus each anniversary when you have both the United℠ Business Card and a personal United® credit card. Redeem your cash back as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Frequent business travelers who spend generously within the bonus categories will find extreme value in this card.

Please view our advertising policy page for more information. However, for corporate cards, it’s the business itself that is responsible. This means that should the company run into financial difficulties; it would not fall on the owner to pay the debt. The credit history for only the business and not the owners is the only requirement for credit checks. Getting access to your personal credit score is relatively easy. Federal law entitles you to a copy of your credit report once every 12 months from each of the main three bureaus, for free. Credit reporting bureaus are companies that generate both business and personal credit scores.

How to Get a Business Credit Card

Read our full review of the Southwest Rapid Rewards Performance Business Credit Card. 0% Introductory APR on purchases for the first 9 billing cycles. After the intro APR offer ends, a Variable APR that’s currently 14.49% to 24.49% will apply.

If you plan to pay your credit card bill in full each month, then the ongoing APR doesn’t have to be a major factor in your decision. These rewards can usually be redeemed for travel, though you may have other options, such as merchandise or cash back. Pay you the same rewards on every purchase, regardless of what you buy or where. If you want simplicity, or your business’s expenses tend to run the gamut, a flat-rate card is your best bet. Is a solid choice for business owners who want a travel card with robust ongoing rewards but no fee. Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.

If the company goes out of business, the owners are not personally responsible for paying the debt. • With a small-business card, the business owner is personally responsible for the debt.