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Best credit cards for small businesses

If you are a small business owner, it’s best to not use your personal credit card for business purchases.

Small or sole business entrepreneurs should know that using a personal credit card for business transactions can lead to problems. Mixing them up could lead to serious complications with respect to budgeting, handling personal/professional finances, and more.

This is where business credit cards come in handy. They provide attractive cashback offers, reward points, bonuses, discounts, and more, all of which help in curbing expenses that are usually incurred when running a business. A business credit card also offers financial ease, thanks to the revolving line of credit.

Best credit cards for small businesses
To top it all, you get the opportunity to build a good credit score by using this card judiciously.

But keeping in mind that there are a number of credit cards, how do you decide which one matches the requirements of your enterprise? To make your task simpler, we have listed 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. This card does not charge an extra fee for foreign transactions, thereby making it highly beneficial for foreign businesses.
Instead of reward points, Capital One offers cashback offers, which are preferred by many users.
  • Chase Ink Business Preferred℠ credit card
    This business credit card 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 to $1,000 toward travel, which can be redeemed 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 this 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 office supply stores and on phone services within the country.
  • Capital One Spark ® Classic
    Touted to be one of the most affordable cards, the only condition that the cardholder needs to be careful of here is keeping their records clean and paying the necessary amount to maintain the balance.

Disclaimer:
The information available on this website is a compilation of research, available data, expert advice, and statistics. However, the information in the articles may vary depending on what specific individuals or financial institutions will have to offer. The information on the website may not remain relevant due to changing financial scenarios; and so, we would like to inform readers that we are not accountable for varying opinions or inaccuracies. The ideas and suggestions covered on the website are solely those of the website teams, and it is recommended that advice from a financial professional be considered before making any decisions.
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