For small or sole business entrepreneurs, it is always wise to keep both, the personal and business credit cards on extreme ends. Mixing them up could lead to serious complications with respect to budgeting, handling personal and professional finances, and more. That’s where business credit cards come in handy. They are essential as they provide attractive cashback offers, reward points, bonuses, discounts, and more, which helps curb expenses that are usually incurred when running a business. Also, a business credit card offers financial ease, thanks to the revolving line of credit. To top it all, you have an opportunity to build a good credit score by using this card judiciously.
But, considering the market is flooded with credit cards, how do you decide which one matches the requirements of your enterprise? To make your task simpler, we have enumerated the five best business credit cards for a small business.
- Capital One Spark® Cash Business credit card
This is possibly one of the only business credit cards to have a flat 2% cashback on all (unlimited) purchases. These cards don’t charge an extra fee for foreign transactions, thereby making it highly beneficial for businesses expecting a lot of travel. Instead of reward points, they offer cashback offers, which many users prefer over card points.
- Chase Ink Business Preferred℠ credit card
This is a preferred business credit card for a small business, which gives entrepreneurs the best sign-up bonus of up to 80,000 points on the purchase of $5,000 within the first three months of getting the card. The points convert into $1,000 toward travel which you may redeem using the Chase Ultimate Rewards. You may also transfer the points to airlines and hotel loyalty programs.
- Chase Ink Business Cash℠
The cardholder is eligible to receive a sign-up bonus of $500 after spending $3,000 in a span of the first three months. The best part about the card though is its $0 annual fee.
- SimplyCash® Plus Business Credit Card from American Express
The cashback received on the credit card may be converted into investments that may be redirected back to the business. A 5% cashback will be given in a year’s time on a purchase of $50,000 on U.S. office supply stores and on phone services.
- Capital One Spark® Classic for Business
Touted to be one of the most affordable cards, the only condition that the cardholder needs to be careful of here is keeping the records clean and paying the necessary amount to maintain the balance.
