Best Small Business Credit Cards Of 2022

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Business Credit Card

5 Tier-Qualifying night credits toward status and Milestone rewards for every $10,000 you spend in a calendar year. With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring. If you revolve any outstanding balance beyond your billing period, you will be subject to variable interest rates that depend on a number of factors.

Business Credit Card

The card also offers protections that you don’t often see on a no-annual-fee card including primary car rental insurance for your business and purchase protection. A business with significant spending can justify the annual fee and earn massive rewards through the 4x points rate on eligible purchases. 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. For business owners who max out the 50k annual spending on the bonus categories, the rewards are substantial for a no-annual-fee card. Preferred Rewards for Business members can make out like a bandit with the 25-75% rewards bonus. The foreign transaction fee means it’s best to keep this card at home when traveling overseas. Offers enticing cash rewards for those with significant business-related spending, with an added bonus of 0% introductory APR on purchases for the first 12 months of opening your account.

Southwest Rapid Rewards® Performance Business Credit Card Card Reviews Opens Overlay

Like any form of credit, there are benefits and drawbacks. You don’t need to own a formal business structure, like a corporation or LLC, to get a business credit card.

Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.49% to 22.49% based on your credit worthiness and other factors as determined at the time of account opening. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.

Earn $500 In Cash Back

To be approved for the card, you need $50,000 in your bank account if professionally invested, if not $100,000. Read our full Ink Business Unlimited Credit Card review or jump back to offer details. Gives admins complete control over employee spending with enforceable budgets .

Business Credit Card

A physical address is required to receive a Wells Fargo business credit product. You must be an owner of this business and not already have this product.

Bank Of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card

Earn 2X points on social media and search engine advertising, internet, cable, and phone services and 1X points on all other purchases. The Southwest Rapid Rewards Performance Business card is ideal for business travelers and loyal Southwest flyers interested in hitting A-List status or earning a Companion Pass. Read our full review of the Southwest Rapid Rewards Performance Business Credit Card. The Southwest Premier Business card is ideal for Southwest loyalists who value airport and inflight perks and the ability to add employee cards at no additional cost.

  • Ent does not contribute to the content displayed on this website and does not legally represent you or the third party in transactions conducted via the linked website.
  • If you spend heavily on travel, this card has a lot to offer—including some stellar travel benefits.
  • You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier.
  • Bankrate’s editorial team writes on behalf of YOU – the reader.

They gather information about a person or a business’s debt and use it to decide how risky lending money to them would be. The higher your credit score, the lower the risk, and the more likely it is you’ll be accepted for more credit. If you own a small business or just dofreelance gigs, you could be eligible for a Some credit card fees and interest are deductible from your tax returns as business expenses. If you’re not sure how this works, check with your accountant. Perks include premium on-property internet access, access to Amex Offers, Amex’s baggage insurance plan, extended warranty, purchase protection and no foreign transaction fees. After you spend $150,000 on your Card in a calendar year, you earn 1.5 Miles per dollar (that’s an extra half mile per dollar) on eligible purchases the rest of the year.

Ink Business Preferred® Credit Card Links To Product Page

Your mobile device can then be used to immediately redeem toward a credit card purchase. Bank Business Platinum credit card offers our lowest APR for those that qualify. To learn more and apply go to Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers. However, credit score alone does not guarantee or imply approval for any credit card, financing, or service offer. Earn 1.5% cash back on every dollar spent on all purchases.

  • Free-night award each card renewal month and the potential to earn a second after eligible spending each year valid at hotels participating in the Marriott Bonvoy program.
  • You’ll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • Testimonials may not represent experiences of all clients.
  • This compensation may impact how and where products appear on the site, including for example, the order in which they appear within listing categories.
  • 35% points rebate for flights booked through Amex Travel in first or business class on any airline , or in any class on the airline of your choice each year.
  • That means you could earn up to an unlimited 2.62% cash back on all purchases.

At the end of each billing cycle, the Card Member can choose to pay the statement balance in full without interest, pay the minimum amount due, or pay any amount in between with interest‡. Gain access to a dedicated relationship manager who will take time to understand your goals and help you choose the best solutions to reach them. Eliminate costs for production, delivery and fraud-protection of payroll checks. Provide an easy way for your employees to access their funds.

What Do I Need To Apply For An American Express Small Business Card?

For example, as a sole proprietor or freelancer, you may be asked to provide similar personal information that is required when you apply for a personal credit card, like your Social Security number , address and income. As an LLC or corporation, be ready to provide your personal and business information and any other details related to your business for verification after an initial approval. In order to get approved for a business credit card you need to be earning money independently, but don’t necessarily need to have a traditional “business” to get approved. However, business credit card requirements are simpler than they appear.

  • 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.
  • Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
  • All in all, it’s one of the better cards for new businesses on the market.
  • In addition, enjoy Mastercard World Elite benefits for your business.
  • Just because an issuer reports your account to the major credit bureaus doesn’t mean that they won’t make mistakes or clerical errors.
  • This post contains references to products from one or more of our advertisers.

Cash back rewards are not earned on Balance Transfers or Cash Advances. A fee equivalent to 2% of the amount of each Cash Advance will be assessed. The use of a Cash Advance to transfer a balance will result in a Cash Advance Fee. This will be charged separately from the amount of your Cash Advance request.

Brex 30 Card

You’ll be getting points for all your business purchases, and team members and employees who are issued cards can be added to your account for even faster reward earnings. Choosing the right business credit card isn’t so different from picking the right personal credit card. However, business owners need to thoroughly research their options to understand exactly how this financial tool can be used to help their business and to make sure it doesn’t backfire on their personal finances. In the2019 Federal Reserve Small Business Credit Survey, the majority of business owners in the U.S. — regardless of size — used their own personal credit to access capital for their business. “Whether you’re a new business or an established one, business credit cards are a vital tool for funding your business,” says Nav’s Ty Kiisel, business credit and financing expert and Nav’s Content Director. In fact,business-specific bonus categoriesare one of the main ways that business credit cards differ from personal credit cards. A business credit card can help you maximize your purchases, separate your expenses and save money on interest each year.

Consider your company’s investment objectives and relevant risks, charges, and expenses before investing. Review the background of Brex Treasury or its investment professionals on FINRA’s BrokerCheck website. Get live support from our team by phone, chat, or email, or reference the Help Center anytime. Brex integrates with QuickBooks, Xero, and other software seamlessly. We know how hard it is to run your business so we’re here for you 24/7.

The 2 percent flat-rate cash back on this card is significant. Your rewards also won’t expire for the life of the account and you can redeem your cash back for any amount.

Receive a 5,000-mile “better together” bonus each anniversary when you have both the United℠ Business Card and a personal United® credit card. Just spend $4500 on the Account Owner’s card in the first 150 days of opening your account. Brex Mastercard® issued by Emigrant Bank, Member FDIC. Brex Cash provided by Brex Treasury LLC, member FINRA and SIPC.

Below are some quick tips for building strong business credit with your business credit card. The consumer credit bureaus aren’t the only ones you need to consider when selecting a business credit card, though. Business credit card issuers can also report your payment and account history to major business credit bureaus such as Experian or Equifax. For small-business owners of credit cards, the business owner is personally responsible for paying the debt. Once you’ve applied for the card, issuers will check your own personal credit history as well as that of your small business. That’s in addition to a guarantee that you agree to repay any debt. Business credit is similar to your personal credit in that it allows potential creditors to judge what kind of credit risk your business poses.

We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page. $199 annual fee means only those loyal to Southwest will truly benefit. Travel and shopping protections, including trip delay insurance, baggage insurance, cell phone insurance and more. Only one category can be chosen for the 3% rewards rate each month.

You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Said interest rate is usually much higher than the rate on a small business loan.

Like any source of financing, a Business Credit Card comes at a cost and must be carefully managed. Mariah Ackary is a personal finance writer who specializes in credit card rewards and small business credit. Mariah is a lifelong writer, but she began writing about finance in 2018. She joined the Bankrate team in 2019, excited by the opportunity to directly help people make good financial decisions.

Read our full Capital One Spark Miles for Business review or jump back to offer details. Read our full American Express Business Gold Card review or jump back to offer details. Read our full The Business Platinum Card from American Express review or jump back to offer details. Read our full The Blue Business Plus Credit Card from American Express review or jump back to offer details. Read our full Ink Business Cash Credit Card review or jump back to offer details. Read our full Capital on Tap Business Card review or jump back to offer details. Read our full American Express Blue Business Cash review or jump back to offer details.

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