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Thursday, July 31st 2014

Business Credit Cards

A small business credit card or corporate credit card can help you keep your company's expenses on track and obtain the buying power you need to operate your business. Some business credit cards also reward you for all your business purchases in the form of cash back or airline miles. Learn more in these articles and tips on credit cards for small business.

Compare the business credit card offers from our partners below and apply for the card that's right for you.

The Business Gold Rewards Card from American Express OPEN Email offer
The Business Gold Rewards Card® from American Express OPEN Application

At American Express's
secure site

The Business Gold Rewards Card® from American Express OPEN Offers
  • Get 25,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within the first 3 months of Card Membership
  • Built with business-sized purchasing power and fast rewards
  • 3X points on airfare purchased directly from airlines
  • 2X points on US purchases for advertising in select media, shipping, at gas stations, and made directly from select computer hardware, software, and cloud computing providers
  • Up to $100,000 in each category per year, then 1 point
  • Use points to entertain clients, reward employees, reduce travel costs, or just offset the everyday expenses of moving your business forward
  • Terms and limitations apply
Purchases Balance Transfers Regular APR Annual Fee Credit Needed
Intro APR Intro APR Period Intro APR Intro APR Period
N/A N/A N/A N/A N/A $0 introductory annual fee for the first year, then $175 Excellent Credit

SimplyCash® Business Card from American Express Email offer
SimplyCash® Business Card from American Express OPEN

At American Express's
secure site

SimplyCash® Business Card from American Express OPEN
  • With no annual membership fee, it's a smart choice for your business.
  • 5% at U.S. office supply stores & on wireless telephone services purchased directly from U.S. service providers
  • 3% on the category of your choice
  • 1% on other purchases
  • On purchases up to $25,000 at 5% and 3% per rebate year, then 1%
  • Terms and limitations apply
Purchases Balance Transfers Regular APR Annual Fee Credit Needed
Intro APR Intro APR Period Intro APR Intro APR Period
0% 9 months N/A N/A 12.24% - 19.24% Variable N/A Excellent Credit

Capital One® Spark® Cash for Business Email offer
Capital One Spark Cash for Business

At Capital One's
secure site

Capital One Spark Cash for Business
  • Earn 2% cash back on every purchase, every day
  • Get a $250 cash bonus—just spend $5,000 on purchases within the first 3 months
  • Receive a $50 cash bonus by signing up for one or more employee cards
  • Enjoy award-winning small business customer service
  • $0 intro annual fee for the first year; $59 after that
  • Redeem cash rewards anytime, for any amount, even set up automatic redemption
  • Earn unlimited cash rewards that don't expire
Purchases Balance Transfers Regular APR Annual Fee Credit Needed
Intro APR Intro APR Period Intro APR Intro APR Period
N/A N/A N/A N/A 13.9% - 20.9% (V) $0 intro for first year; $59 after that Excellent Credit

Capital One® Spark® Miles for Business Email offer
Capital One Spark Miles for Business

At Capital One's
secure site

Capital One Spark Miles for Business
  • Earn 2 miles per dollar on every purchase, every day
  • Get 25,000 bonus miles—just spend $5,000 on purchases within the first 3 months
  • Receive 5,000 bonus miles by signing up for one or more employee cards
  • Enjoy exclusive, award-winning customer service
  • $0 intro annual fee for the first year; $59 after that
  • There's no limit to the amount of miles you can earn and miles don't expire
  • Redeem miles for travel, cash back, gift cards, merchandise, and more
  • Fly on any airline, anytime, with no blackout dates or seat restrictions
Purchases Balance Transfers Regular APR Annual Fee Credit Needed
Intro APR Intro APR Period Intro APR Intro APR Period
N/A N/A N/A N/A 13.9% - 20.9% (V) $0 intro for first year; $59 after that Excellent Credit

Capital One® Spark® Cash Select for Business Email offer
Capital One Spark Cash Select for Business

At Capital One's
secure site

Capital One Spark Cash Select for Business
  • Earn 1.5% cash back on every purchase, every day
  • Plus, a one-time $100 bonus once you spend $3,000 on purchases within the first 3 months
  • Save with 0% intro APR on all purchases until February 2015
  • Enjoy no annual fee
  • Get online Quarterly and Year-End Summaries
  • Redeem cash rewards anytime, for any amount, even set up automatic redemption
  • Earn unlimited cash rewards that don't expire
Purchases Balance Transfers Regular APR Annual Fee Credit Needed
Intro APR Intro APR Period Intro APR Intro APR Period
0% Until 02/2015 N/A N/A 12.9% - 20.9% (V) $0 Excellent Credit

Capital One® SparkSM Classic for Business Email offer
Capital One Spark Classic for Business

At Capital One's
secure site

Capital One Spark Classic for Business
  • Enjoy no annual fee
  • Earn 1% cash back on every purchase, every day
  • Build business credit with responsible use
  • Separate business expenses from personal expenses
  • $0 Fraud Liability if your card is ever lost or stolen
  • Enjoy business benefits including Year-End Summaries, employee cards at no additional cost, and experienced small business customer service
Purchases Balance Transfers Regular APR Annual Fee Credit Needed
Intro APR Intro APR Period Intro APR Intro APR Period
N/A N/A N/A N/A 22.9% (V) $0 Fair Credit

Ink Cash® Business Card Email offer
Ink Cash® Business Card

At Chase's
secure site

Ink Cash® Business Card
  • Named "Best for Cash Back for Small Business" MONEY® Magazine, October 2013
  • Earn $200 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
  • 0% introductory APR for 12 months on purchases and balance transfers.
  • No annual fee.
Purchases Balance Transfers Regular APR Annual Fee Credit Needed
Intro APR Intro APR Period Intro APR Intro APR Period
0% 12 months 0% 12 months 13.24% (Variable) No Annual Fee Excellent Credit

Capital One® Spark® Miles Select for Business Email offer
Capital One Spark Miles Select for Business

At Capital One's
secure site

Capital One Spark Miles Select for Business
  • Earn 1.5 miles per dollar on every purchase, every day
  • Plus, a one-time bonus of 10,000 miles once you spend $3,000 on purchases within the first 3 months
  • Save with 0% intro APR on all purchases until February 2015
  • Enjoy no annual fee
  • Get online Quarterly and Year-End Summaries
  • There's no limit to the amount of miles you can earn and miles don't expire
  • Fly on any airline, anytime, with no blackout dates or seat restrictions
Purchases Balance Transfers Regular APR Annual Fee Credit Needed
Intro APR Intro APR Period Intro APR Intro APR Period
0% Until 02/2015 N/A N/A 12.9% - 20.9% (V) $0 Excellent Credit

Bank of America® Cash Rewards for Business MasterCard® Card Email offer
Bank of America Cash Rewards for Business MasterCard Card

At Bank of America's
secure site

--OR--

Call Bank of America at
877-470-7761

Bank of America Cash Rewards for Business MasterCard Card Application
  • For businesses with an excellent credit history
  • 3% cash back on purchases at gas stations and office supply stores.
  • 2% cash back on purchases at restaurants
  • 1% cash back on all other purchases
  • No Annual Fee
  • No limit to the cash back you can earn — reinvest in your business, reward your employees, and reward yourself
Purchases Balance Transfers Regular APR Annual Fee Credit Needed
Intro APR Intro APR Period Intro APR Intro APR Period
0% 9 billing cycles N/A N/A As low as 11.24% variable APR $0 Excellent Credit

Ink Plus® Business Card Email offer
Ink Plus® Business Card

At Chase's
secure site

Ink Plus® Business Card
  • Named "Best for Travel Rewards for Small Business" MONEY® Magazine, October 2013
  • Earn 50,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards.
  • Flexibility to pay your balance over time or in full.
  • Earn 5X points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.
  • Earn 2X points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year.
  • No foreign transaction fees.
  • 1:1 point transfer to leading frequent travel programs with no transfer fees.
  • $0 Intro Annual Fee for the first year, then $95
Purchases Balance Transfers Regular APR Annual Fee Credit Needed
Intro APR Intro APR Period Intro APR Intro APR Period
N/A N/A N/A N/A 15.24% (Variable) $0 Intro Annual Fee for the first year. After that, $95 Excellent Credit


Tips for choosing a business card

One of the primary benefits of a business card is to separate your personal finances from your business account. This helps limit your personal risk in case things go badly for the company.

Managed properly, a business card can build a company credit history to secure short-term loans and help capitalize on everyday spending with vendor discounts and rewards. It also has unique benefits, like being a one-stop resource for expense tracking that can improve record-keeping.

You can also find sign-up bonuses, such as cards with a 0 percent introductory APR that can be useful for pricey one-time purchases to support a new business. Just be sure to read the fine print, so you understand the risk of deferred interest.

In choosing a business card, find a lender that can supply financial reporting that fits nicely into IRS categories and provides a credit line ample enough to easily absorb your periods of heaviest use.

You'll also want to find card rewards that cater to your business habits. Do you travel a lot? Look for rewards on airline tickets, hotel stays and rental cars. Are you always driving? Other cards will offer cash-back rewards on gasoline purchases and wireless telephone services. If you're a neighborhood business, look for cards that offer discounts at retailers where you get your supplies.

As with a personal card, a business owner will be subject to a credit check during the application process. If approved, you'll have a credit limit, minimum monthly payments and an interest rate based on creditworthiness.

Also, be sure to have paperwork that supports your application, such as your business tax identification number and financial documentation.

Financial institutions may ask for a personal guarantee before extending a line of credit to a new company. Avoid this step if possible. Offering that guarantee can make you personally liable for any of your company's unpaid debt. Remember, you want to separate your personal finances from the fate of the company as much as possible.

After you secure the credit card, be sure to lay down the ground rules with employees. Make sure they know exactly when and when not to charge the credit card. If necessary, you can often adjust the credit limit on a particular employee card as well as limit the credit on certain purchases.

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* See Corporate & Business Credit Card Applications for details about terms and conditions of offers. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the " Apply Now" button you can review the credit card terms and conditions on the credit card issuer's web site.


 
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