Small Business Credit Cards: A Guide to Finding the Right One for You
Small business credit cards can be a valuable tool for entrepreneurs and small business owners. They can help you manage your cash flow, build business credit, and earn rewards. But with so many different cards on the market, it can be tough to know which one is right for you. To make things easier for you, we compared the top-rated small business credit cards and found the best of the best. Read on to learn more and find the perfect credit card for your business.
Benefits of Small Business Credit Cards
Small business credit cards offer a number of benefits that can help you save money, earn rewards, and manage your cash flow more effectively. These benefits include:
- Earn rewards: Many small business credit cards offer rewards points or cash back on purchases. This can add up to significant savings over time.
- Build business credit: Using a small business credit card can help you build business credit, which is important for getting loans and other financing.
- Manage cash flow: Small business credit cards can help you manage your cash flow by allowing you to make purchases without having to pay for them upfront. This can be especially helpful during slow periods or when you have unexpected expenses.
How to Choose the Right Small Business Credit Card
Choosing the right small business credit card is essential to maximizing the benefits and avoiding the pitfalls. Here are a few things to consider when making your decision:
- Your business needs: What are your business needs? Do you need a card with a high credit limit? Do you want to earn rewards points or cash back? Do you need a card with a low interest rate?
- Your personal credit: Your personal credit score will play a role in the credit cards you qualify for. If you have a good credit score, you’ll be able to qualify for the best cards with the lowest interest rates and highest rewards.
- The fees: Be sure to compare the fees associated with different credit cards. Some cards have annual fees, while others charge fees for things like balance transfers and cash advances.
Top Small Business Credit Cards
Now that you know what to look for, here are a few of the top small business credit cards on the market:
- The Chase Ink Business Preferred Card is a great all-around credit card for small businesses. It offers a generous sign-up bonus, rewards points on all purchases, and a low interest rate.
- The American Express Blue Business Plus Credit Card is a good choice for businesses that spend a lot on shipping. It offers 2x points on shipping purchases, plus rewards points on all other purchases.
- The Capital One Spark Cash for Business Card is a great option for businesses that want to earn cash back. It offers unlimited 2% cash back on all purchases.
- The Discover it® Business Card is a good choice for businesses that want to save money on interest. It offers a 0% introductory APR on purchases for the first 12 months.
These are just a few of the top small business credit cards on the market. There are many other great options available, so be sure to compare your options before making a decision.
Conclusion
The right small business credit card can help you save money, earn rewards, and manage your cash flow more effectively. By taking the time to compare your options and choose the card that’s right for you, you can put your business on the path to success.