Business credit cards are one of the items that all businesses need to have. Credit cards for business are one of the best ways that businesses is used to make the most out of every transaction. Every single penny that you have in your business, especially if it is a small business, counts. That is why you need the best business credit card.
It is very important that a business only has the best credit cards because there are so many benefits that will help your business. Whether your business is small or big, a small business credit card can go a long way in helping you with expense tracking and money-saving. In this article, we have listed only the best credit cards that you can use for your business.
Best Business Cards
The reason why we titled this article “best cards for business” is because not all cards are good for your business. There are some credit cards that you will get that you will end up regretting having ever decided to go for that particular credit card.
This is why we have done an extensive research to bring you only the best cards of 2022 that are good for small or big businesses in this article. We have reviewed hundreds of cards and we have posted only the best of the best in this article today for you to see.
Best Business Credit Cards in 2022
Without further ado, below are some of the best cards for the year 2022 that we have researched:
Ink Business Cash Credit Card
The Ink Business Cash credit card gives you $750 in bonus cash back after you spend $7500 on purchases in the first 3 months of opening your account. This card gives a lot of rewards for those businesses that like entertaining clients or flinging up on a regular basis. This credit card also gives you 2% cash back at restaurants and gas stations on your first $25,000 in combination with all the benefits in your first year.
There is no annual fee on this credit card and there is a regular APR of about 15.49 percent to 21.49%. This is the reason this card made it to the top of our list today.
The Business Platinum Card for American Express
With the business platinum card from American Express, you get five times the membership reward points on flights and prepaid hotels on amextravel.com. This basically means that this card is a credit card for people that frequently travel for business purposes. There are so many values and benefits with this card, which includes generous and valuable travel credits and unparalleled lounge access.
For all the important benefits that this credit card has to offer, there is a hefty annual fee of $695, which is quite a lot. You also need a credit score of about 672 850 before your application can be granted for this card.
The Blue Business Plus Credit Card from American Express
Anyone looking for a good business credit card with no annual fee and that also does not require you to have a very good credit score can look at the Blue Business Plus Credit Card. There is a 15,000-point welcome bonus that you earn when you make purchases. He also earned two points for every dollar he spent, up to 50,000 dollars per year.
American Express Business Gold Credit Card
This is a credit card that offers up to 70,000 points for those who are members after they spend up to 10,000 dollars on eligible purchases. However, this is only eligible if they spend this amount of money in the first three months of their card membership. There are also four times the membership rewards points in the categories where your company spends the most money each month.
Basically, you get more rewards with this card when you spend more. That being said, there is an annual fee of $295 and you need a credit score of about 672 852 to qualify.
Capital One’s Spark Cash Plus
Capital One Spark Cash Plus is the last car on our list today, and it has the lowest annual fee of about $150. With this card, you could end up with a $1,000 cash bonus when you use the car for purchases. You get 2% cash back on any purchase. There are no foreign transaction fees on this card, but you will have to pay your balance in full each month.
How to Choose the Best Small Business Credit Card
Now that you have read and seen our list of the best business credit cards, it is time to know how to choose the one that is best for you.
- Where does your business spend the most each month? For businesses that spend the most money on travel, you should research and opt for a credit card with a lot of travel benefits.
- The affordability of the card’s annual fee
- Consider whether you will carry a balance on your business credit card so that you can find a credit card with the lowest APR.
- Finally, consider all the advantages and benefits that the credit card has to offer apart from cash back rewards.
There you have it. These are some of the best ways you can use in determining the best credit card for your business.
What is the difference between small business credit cards and corporate credit cards?
Both cars are basically the same, but the only difference is that the debt on the credit card is paid by the business owner for a small business credit card. Unlike that of a corporate credit card, the debt is paid from the business and not from the pocket of the owner. That is the major difference between small business credit cards and corporate cards.
Who can apply for a small business credit card?
As long as you have a small business or you are selling a good or service, you are eligible to apply for a small business credit card. Although you have to meet the card’s requirements before you will be able to apply for the card.