Business Credit Cards: With the correct credit card, business owners have a special chance to convert regular business expenses into cash back, miles, or points. At a fair price, the best business credit cards provide worthwhile rewards, financing with 0% introductory APR, and other advantages. The amount you spend each month, the categories you spend the most in, and the kind of rewards you desire will all play a role in selecting the best credit card for your company. It’s crucial to take into account your credit score as well as your willingness to pay an annual fee.
Best for cash back
Business Advantage Customized Cash Rewards credit card
Welcome Bonus: After spending $3,000 on purchases within the first ninety days of opening your account, you will receive a $300 statement credit.
Why To Choose: Obtaining cash back on your purchases is a great method to increase your company’s profitability. With the Bank of America Business Advantage Customised Cash Rewards credit card, you can receive 3% cash back on your selected category, 2% cash back on dining, and 1% cash back on all other purchases. To optimise your benefits as your business spending varies throughout the year, you can switch your chosen category once a month. On the first $50,000 in total annual spending in both the 3% and 2% categories, bonus cash back is offered.
Up to 75% more cash back is available to businesses that meet the requirements for Preferred Rewards, allowing them to earn up to 5.25% in rewards on their purchases. The card has no annual fee and, for the first nine billing cycles, there is no interest charged on purchases made with it.
Best for Rewards
Capital One Venture X Business
Welcome Bonus: After spending $30,000 within the first three months of opening an account, you will receive 150,000 miles.
Why To Choose: For the Capital One Venture X Business, Capital One provides an attractive rewards programme. Earn two times the miles on all purchases made with this small business credit card, or up to ten times the miles when making reservations through Capital One Travel. The card has no monthly minimum payment requirements, but you must pay it off in full each month. Despite the yearly charge, the card comes with 10,000 bonus miles every time it is renewed and a $300 annual travel credit for reservations made through Capital One Travel.
The card also offers free entry to over 1,300 lounges worldwide and reimbursement for TSA PreCheck or Global Entry. Owners of businesses can redeem miles for statement credits, travel without blackout dates, and other benefits. Additionally, miles can be transferred to more than 15 hotel and airline partners at a possible premium.
Best for Travel
The Business Platinum Card from American Express
Welcome Bonus: After using your card to make $15,000 in eligible purchases during the first three months of your card membership, you will receive 120,000 Membership Rewards® points.
Why To Choose: For business owners, American Express’s Business Platinum Card® is the best credit card for travel. It earns 1.5x points in important business categories or on purchases of $5,000 or more. It also accrues 5x points on flights and pre-paid hotel reservations made through Amex Travel. Per dollar, all other purchases earn 1x points. Points can be transferred to partner hotels and airlines, used for online shopping, used to book travel, and receive statement credits. 35% of the points you redeem when you book travel with Amex Travel are refunded.
The card comes with over $1,000 in business value, including credits for Dell, Indeed, Adobe, wireless bills, and more, despite having an annual fee of (Rates & Fees). It also comes with a $200 airline fee credit, a $189 CLEAR Plus credit, and free access to the Global Lounge Collection. Additionally, cardholders automatically become elite members of Hilton Honours Gold and Marriott Bonvoy Gold. You also get first-rate travel protections against interruption, delay, and cancellation.
Best for small Business
Ink Business Preferred Credit Card
Welcome Bonus: A brand-new cardmember deal! After spending $8,000 on purchases within the first three months of opening your account, you will receive 100,000 bonus points.
Why To Choose: Three times as many bonus points can be earned on many typical business expenses with the Ink Business Preferred® Credit Card, such as shipping, internet and travel expenses, cable and phone services, and online advertising. For every $150,000 you spend in these categories in a given year, you will receive three times as many points (3x) as you would for any other purchase.
Redeeming points can be used to purchase gift cards, book travel, earn cash back, transfer to partner hotels and airlines, and much more. Because points are worth 25% more when booked through Chase, the welcome bonus can be used to book trips worth $1,250. In addition to many travel, purchase, and cell phone protections, the card offers extra value for a fair annual fee.
Disclaimer: This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses
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