Business Credit Cards


Starting out in your small business can be quite daunting. Sometimes you need assistance making ends meet while you’re getting the ball rolling. One great way to do that, and to help support your business in down times, is with a business credit card. There are many great options out there for those who may not qualify for a loan or grant right up front. When it comes to financing your business, you may find yourself in need of assistance quickly. Consider these top five business credit cards if the loan you’re after is coming through.


Capital One Spark Miles for Business


Capital One offers a great card for businesses who have to travel often. This card offers rewards in miles for the money you spend on everyday purchases for your company. When you first sign up, the yearly fee is $0 for the first year. After that you’ll pay an annual fee of around $59. You can also get a one-time bonus of 50,000 miles on your card when you use it to purchase $4500 in the first three months you have it. When you use this card you can earn an unlimited two miles per each dollar you spend. You do need to be aware there are no traveling perks with this card and you cannot transfer your information to another rewards program.


Capital One Spark Classic


With this card you will earn cash back on your purchases you make every day. You’ll earn 1% cash back on purchases for your business to help you keep moving forward. There are several benefits to this card, such as no annual fee charged. One upside to this card is your credit does not have to be perfect to get approved. You do not have an annual fee on this card where others can be over $50 a year. You do not gain as high a reward with this card as you may find elsewhere. It is set at 1% of your spending. You’ll also have a higher APR on this card where other business cards may be lower.


Chase Ink Plus Rewards Card


This credit card option offers you 60,000 bonus points available after you’ve spent at least $5,000 in the first three months you have the card. If you redeem this through the Chase Travel options, that is equal to $750 towards your next trip, just to give you an example of what you’re getting.

As with the other cards you can obtain extras for your employees. An extra for this card is that you can set a spending limit on their cards. You can transfer points with a one-to-one ratio with other rewards programs. You can earn anywhere from one point per dollar up to five points per dollar spent, depending on what you have purchased. You can redeem this for travel as well but you’ll find there are no extras such as free checked baggage.


Chase Ink Cash Back Card


This is another card that’s great for rewards with no annual fee. You can earn a bonus of up to $200 cash back when you’ve spent at least $3,000 on purchases in your first three months you have the card. Cash back earnings range from one point per dollar to 5% on your purchases. You can also set spending limits on your employees cards and for the first year, your APR is 0%. The sign up bonus with this card is not as large as others and if you don’t plan on taking advantage of that low APR, it’s probably not the best fit.


Business Platinum American Express


If you travel a lot with your business and want the best airport lounge experiences possible, this is the card for you. You have access to premium airport lounges during your travels such as the Delta Sky Clubs and Centurion Lounge. There’s a $200 credit for your airline extras. There’s never a limit on your card because it is paid off in full each month. The annual fee is very high at $450 a year and the flexibility with this card is not as much as others.

If you find yourself needing funding for your business but you are not eligible for a loan right away, this is a great way to go. Find the card that works right for you and start earning money while you’re supporting your business.