what is business credit cards

Read The Business Platinum Card® from American Express review  or jump back to this card’s offer details. Read our Ink Business Preferred® Credit Card review or jump back to this card’s offer details. Read our Capital One Spark Miles for Business review or jump back to this  card’s offer details. Read The Blue Business® Plus Credit Card from American Express review or jump back to this card’s offer details. Read our Capital One Spark Plus review or jump back to this card’s offer details.

  • Though you can’t avoid finance charges, this prepaid card and flexible spending line combo can give you access to financing at a decent factor rate, even with a low credit score or limited credit history.
  • And if you have a relatively long payback period, it may be more affordable than paying interest on a traditional credit card.
  • The Capital One Venture X business card has all the Capital One Venture X has to offer and more.
  • Again, if you’re just starting your first business, you’ll probably want to steer clear of American Express.
  • You may be able to qualify for a business credit card whether you’re a solopreneur with a side gig or running a small business with multiple employees.
  • When you apply for a business credit card, the issuer will ask for information about you and your business.

Choosing the right credit card for your business depends on how much you spend each month, which categories you spend the most in, and the type of rewards you want. It is also important to consider what your credit score is and if you’re willing to pay an annual fee. Learn more about credit cards for your business to determine which card is right for you. Business credit cards usually have some unique benefits designed to entice business customers.

Best for Flat-Rate Cash Back: Ink Business Unlimited® Credit Card

Plus, some credit cards let you redeem your earnings in a number of ways, including statement credits, travel, cash back or gift cards. But some may limit how you can redeem your rewards, and your points and miles may not be worth as much, depending on the redemption option. As a small-business owner, you can get quite a few benefits from getting a business credit card for your LLC. A business card gives you a convenient way to pay for business expenses, can help you tide over cash flow gaps, lets you build business credit, and can even earn you great rewards (like cash back or travel miles).

what is business credit cards

Whenever possible, we also feature cards that are available at various credit levels and price points. If you’re more of a traveler, the United Business Credit Card earns 2X miles on United® purchases, dining including eligible delivery services, at gas stations, office what is business credit cards supply stores, and on local transit and commuting. It also comes with airline perks rarely found on most general business cards. A common practice for new business credit card accounts is to offer higher rewards at the start for reaching a specific spending threshold.

Ink Business Preferred® Credit Card

To get a high limit credit card, you’ll likely need to have an excellent credit score. Your personal score is often considered even when applying for business cards, so making sure that your financial health is up to snuff should be the first step you take before applying for a high limit card. Other criteria include redemption options and flexibility, customer service, small business perks and other rates or fees. Our business credit card reviews can help you compare offers to find the one that best suits your needs. The Ink Business Cash card offers some serious opportunities for racking up rewards in common areas of business spending. You can earn a whopping 5% cash back on office supply store purchases and internet, cable and phone services, on up to $25,000 in combined purchases per year.

  • A higher business credit score could mean you’ll have better access to loans and lines of credit, lower interest rates, and cheaper insurance premiums for established firms.
  • No single credit card is the best option for every family, every purchase or every budget.
  • It can help business owners build their personal credit, and eventually help them qualify for the top business credit cards.
  • Charge cards often don’t have a set credit limit or interest rate, allowing entrepreneurs more freedom to manage expenses.
  • The Chase Ink Business Cash® Credit Card, for example, earns Chase Ultimate Rewards.
  • To qualify you for a business card, your issuer will look into your credit history and credit score to determine your creditworthiness and likelihood of paying back what you charge on time.

There is no one-score-fits-all when it comes to opening a business credit card. Every card demands a different credit score–and even an excellent score doesn’t guarantee approval. However, most rewards credit cards stipulate that you should have at least a 670 FICO credit score.