This is likely to include: The name of your business The sign up bonus is one of the most, if not the most lucrative way of earning lots of points or air miles and for the least amount of effort. You’re also getting access to the Membership Rewards program and its array of transfer partners, along with Amex Offers and a 25% rebate when you pay with points on eligible flights. Related: The best Capital One credit cards of 2020. Whether you’re sampling local cuisine or shopping online abroad, learn more about the best cards that give you one less thing to worry about. The card earns 3x on Southwest flights and its hotel and car partners, 2x on social media and search engine advertising, Internet, cable and phone services and 1x on everything else. As the Amex Business Platinum also offers various types of lounge access through the American Express Global Lounge Collection, I assigned a value of $325 for these perks. Remember, if you don’t think you’ll hit the spend limit, you may want to reconsider taking out the card in the first place. Please view our advertising policy page for more information. Easier Qualification for Loans Any business person who has tried to apply for a loan from a bank without collateral can tell you how strenuous it can be especially when you do not have a well-established credit reputation. With no annual fee, a Barclaycard Flex credit card is ideal for start-ups that have occasional cash flow needs or for those new to credit cards. What makes this card one of the best cash-back credit cards is that it earns an unlimited 2% cash back on every purchase. *Bonus value is an estimate based on TPG’s monthly valuations and is not provided by the card issuer. Why we like it: If you travel frequently for business and stay at Hilton properties often, the Hilton Business Amex could be a great option for you. This site does not include all credit card companies or all available credit card offers. This compensation may impact how and where links appear on this site. Based on TPG’s valuations, this bonus is worth $1,500. Based on TPG’s valuations, this bonus is worth $700. The card earns 3x bonus for the first $150,000 in combined travel, shipping, internet, cable, phone services, and advertising purchases made on social media sites and search engines each account anniversary year. Save money with a credit card that has no foreign transaction fee. If you won’t be able to make your card payments on time, don’t take out the card. Note that the bonus valuations listed below are based on TPG’s latest valuations and are not provided by the card issuers. You can qualify for a business credit card as a sole proprietor, which means your freelance or independent contractor gig could make you eligible. Apply for the best business card! This can help you finally get your debt managed and under control by transferring an existing balance, or can help you fund a bigger purchase. This site does not include all financial companies or all available financial offers. In most cases, your small business credit card would be guaranteed by you personally and not the business itself. If your business cycle is a few months between incurring the expenses and receiving payment from a customer, a business loan may be a more cost-effective solution. A business credit card is just like a normal credit card, but it’s in the name of your business rather than an individual. Citi's small business credit cards help you manage your finances, making the distinction between your personal and professional purchases. Cardholders are able to view point history, including points earned and redeemed at rewards.hancockwhitney.com. Here are some of the most important factors to consider when deciding on the right credit card for your business: The most important thing to consider is whether you’ll likely need to carry your balance over month to month, as this would mean you’d need to consider a card with a 0% intro APR period or a fixed low interest rate. Help manage your expenses, make necessary purchases and give your business room to grow with the credit you need. There are several ways to make sure you’re making the most out of your card — here are some key habits to adopt. With so many options available, let us help you find the best card for the unique needs of your business. Business credit cards usually offer different rewards and benefits than personal credit cards. Small Business Credit Cards from First National Bank of Omaha deliver competitive rates with higher and straightforward point systems. Note that since some of the Dell and wireless/shipping credits applied to previous months and thus aren’t available to new applicants as of today, I’ve adjusted these to $420 — $300 for Dell ($200 in 2020 and $100 in 2021) and $120 for wireless services and shipping purchases ($40 each for October, November and December 2020). This being said, many businesses that are looking for simplicity will opt for the Capital One Spark Cash card to earn 2% cash back on all purchases or the Blue Business Plus Credit Card from American Express to earn 2x Membership Rewards points on the first $50,000 in purchases each calendar year (then 1x). You’ll get four priority boarding positions each year, which normally cost $30-$50 each, so that perk alone can offset the annual fee. Sign up bonuses are usually in the form of spending a certain amount of money in a certain amount of time. Make a call on what you want from your new card. Or, in the instance that you employ staff or have a more formal business structure, then you should use your business’ Employer Identification Number. Are you willing to pay an annual fee? If your small business spends less than $50,000 each year in purchases, the Blue Business Plus can be a good no-annual-fee option that provides an effective 4% return on spending based on TPG’s valuations. In other words, the more you spend on travel, the more you’ll be rewarded. This is the part where you enter how much money your business makes, and how much your outgoings were to run your business. It offers 24.5% variable APR and £32 annual fee per cardholder. Related reading: Small-business credit card vs. corporate credit card: Which is right for your business? For an explanation of our Advertising Policy, visit this page. Also, when it comes to travel rewards credit cards, the rewards can often only be used for travel. If you’re not sure how this works, check with your accountant. You can get more out of your business expenses by using a credit card with rewards like hotel stays, cash back, and valuable discounts. Visa Points Plus Business Credit Card. A specific business type The card also comes with a free-night award and the potential to earn a second after eligible spending each year. Business credit cards See how our range of small business cards stack up. See, your freelance or independent contractor gig, guide to applying for small business credit cards, Credit Card Chronicles: How a freelance writer and stay-at-home mom maximizes points and miles, The Business Platinum Card® from American Express, CitiBusiness® / AAdvantage® Platinum Select® Mastercard®, Southwest Rapid Rewards Performance Business Credit Card, Marriott Bonvoy Business™ American Express® Card, Hilton Honors American Express Business Card, The Business Platinum Card from American Express, $200 in additional statement credits for U.S. purchases with Dell, American Express Business Platinum Card review, 10 airline and three hotel loyalty programs, The best Capital One credit cards of 2020, Global Entry/TSA PreCheck application fee credit, Credit card showdown: Capital One Spark Cash for Business vs Spark Miles for Business, CitiBusiness AAdvantage Platinum Select Mastercard, CitiBusiness AAdvantage Platinum Select card, spending on this card will count toward your Million Miler balance, Choosing the best credit card for American Airlines flyers, Hilton Honors American Express Business Card review. Based on TPG’s valuations, this bonus is worth $980. These business credit cards offer bonus rewards on categories popular with small businesses, such as office supplies, airfare, advertising and gas. And through December 2020, spending on this card will count toward your Million Miler balance. Related: The ultimate guide to credit card application restrictions. For example, do you prefer earning cash-back rewards, airline miles, hotel points or transferrable currencies? Business credit is similar to your personal credit in that it allows potential creditors to judge what kind of a credit risk your business poses. Visa CreditLine for Small Business Give your business the functionality and low interest rate of a line of credit in the convenience of a credit card Earn 1 RBC Rewards point for every $2 spent with your card 4 A competitive low interest rate. We may receive compensation when you click on links to those products. Current sign-up bonus: Earn 100,000 bonus points after you spend $15,000 on purchases in the first three months of account opening. Business credit cards often come with lower interest rates than the standard personal credit card, or other convenient credit sources such as unsecured loans from online business lenders. Why we like it: The Southwest Performance Business credit card is a perfect fit for Southwest fans. Chase offers three cards for businesses: the Ink Business Cash, the Ink Business Unlimited, and the Ink Business Preferred. You’ll earn … For business scores, the range is commonly from zero to 100 and for personal scores you’ll likely see a range of 300 to 850. Travel credit cards offer valuable rewards for all, whether you travel for business, pleasure, or both. In fact, these include some of the best credit cards around. Finding business credit cards with no personal guarantee can be very difficult in Canada. 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