Unsecured credit cards for fair credit borrowers aren’t very common in the business credit card space. Thankfully, Capital One’s Spark Classic fills that gap and is available to business owners with fair or average credit scores. While this card doesn’t deliver the highest level of rewards, it features no annual fee and has an unlimited 1% cash-back rate with no earning cap. Plus, using this card boosts your business credit score, allowing you to seek more rewarding cards in the future. The Business Advantage Unlimited Cash Rewards Secured credit card offers competitive rewards for business owners who want to earn cash back while building their credit. It offers Unlimited 1.5% cash back on all purchases and a $0 annual fee, easily making it our pick for best secured business credit card.
Building your business credit can be as easy as establishing credit with vendors and suppliers. However, not all lenders report accounts to business credit bureaus, so double-check that yours does. You can check your business credit score at the reporting agencies Dun & Bradstreet, Equifax and Experian, though you may have to pay to see your score. When you’re ready to apply for a business credit card, you can make the application process a little easier by gathering some information best small business credit cards in advance. Our step-by-step guide to applying for a business credit card can help you do this. We spend an average of hours researching and updating each one of our lists, making sure the credit cards included meet our internal standards for quality and reputation.
Do business credit cards appear on my personal credit report?
Nothing contained herein shall give rise to, or be construed to give rise to, any obligations or liability whatsoever on the part of Capital One. Whether you’re looking for business or travel rewards, chances are you will find a Capital One Business card that addresses your needs. Start by determining whether your business could use travel rewards or cash back. He joined NerdWallet in 2019 as a student loans writer, serving as an authority on that topic after spending more than a decade at student loan guarantor American Student Assistance.
Best Business Card for High Rewards Potential
Just make sure you manage your card wisely, as 51 percent of small businesses are classified as financially unhealthy, according to a recent J.D. We thoroughly rate and research the best business credit cards based on key criteria to help you make confident decisions when choosing your next credit card. The better your business credit score, the better your credit card rates.
Best for no annual fee
If you are primarily motivated to obtain a business credit card without providing your SSN because of concerns about your personal credit being reported, you should know that alternative options are available. Typically, many businesses do require a cardholder to submit their SSN before opening an account. However, it’s important to note that while they may collect this information, they often do not report details about the account to personal credit bureaus, regardless of the account’s status. This means your personal credit may not be affected, even if you have to provide your SSN during the application process.
When To Choose The U.S. Bank Triple Cash Rewards Visa Business Card
This could mean that the services of another investment adviser with whom we are not engaged could be more appropriate for you than Atomic Invest. Advisory services through Atomic Invest are designed to assist clients in achieving a favorable outcome in their investment portfolio. They are not intended to provide tax advice or financial planning with respect to every aspect of a client’s financial situation and do not include investments that clients may hold outside of Atomic Invest.
When choosing the best business credit cards the main criteria in our ranking were the rewards rates and added benefits, such as redemption bonuses, insurance coverage and expense management features. NerdWallet’s business credit card team selects the best small-business credit cards without outside input from partners or other business interests. We evaluate business cards based on value and simplicity, weighing fees, sign-up bonuses and reward rates, alongside perks like interest-free periods, statement credits and elite status (for travel cards). Business cards that earn the highest scores deliver the most value to the greatest number of business owners. Large businesses won’t have to worry about hitting any spending limits on earning bonus miles, as these rates are unlimited.
These perks can definitely make it worth the cost for businesses that do a significant amount of travel. The Amex Blue Business Plus card is an ideal business credit card for those who want to earn rewards at a healthy clip without being subject to an annual fee. You’ll earn 2X points for your first $50K/year in spending across all spending categories and 1X points thereafter. You’ll also get a 12-month introductory 0% APR period and a decent welcome bonus. This combination of perks is impressive for no annual fee and is definitely worth considering for small businesses. We evaluated dozens of business credit cards based on their rewards rates, ongoing benefits, fees and redemption options.
He took a deep dive into points and miles in 2016, searching for a way to make travel both possible and affordable for his growing family. Now, as a dad to four sons, he and his wife enjoy introducing their kids to cultures and cities across the globe as often as they can. The complimentary Hilton Honors Gold status granted by the card provides a daily food and beverage credit at select U.S. brands. And Gold members staying at select international Hilton brands get free breakfast, with many offering generous breakfast offerings such as full buffets. The anniversary free night that comes with the IHG One Rewards Premier Business Card makes this card a keeper year after year. The key is to use it for a hotel room that costs more than $99 per year, which isn’t hard to do.
Best high-limit business card
However, many of our best business loan lenders now offer collateral-free business financing, basing approval on factors like your credit history, revenue, and time in business. If that sounds up your alley, read on to learn the ins and outs of business loans with no collateral. This site is a free online resource that strives to offer helpful content and comparison features to our visitors. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.
Business owners looking for an introductory APR that also extends to balance transfers will appreciate this rare offering. It makes essentially any first or business class redemption guaranteed to be worth 1.5 cents per point (along with all tickets on the airline of your choice). In an era where award availability can be hard to find, that’s a feature you’ll likely find yourself utilizing on a regular basis.
- To make the most of your business card, you’ll want to find a card with benefits and rewards that line up well with your business needs.
- This card also comes with cell phone protection, which covers damage or theft for you and your employees listed on your monthly cell phone bill paid with your card, up to $1,000 per claim.
- The Business Advantage Unlimited Cash Rewards Secured credit card offers competitive rewards for business owners who want to earn cash back while building their credit.
- If you need help picking the best credit card for your business, try out WalletHub’s CardAdvisor or become a WalletHub member to get free personalized credit card suggestions.
- You’ll also get four statement credits of up to $60 each—one per quarter, for a total of $240 per year—when charging eligible Hilton expenses to your card.
- These rewards can come in many forms, from cash back to business travel rewards and more.
- Getting a business credit card can be a good fit if you want to cover miscellaneous expenses on an ongoing basis.
- You can typically add free authorized users to your account, who get access to most of the same benefits as the primary cardholder.
- If you’ll need to carry a balance on your business credit card, check out the American Express Blue Business Cash card.
- This card not only offers a premium travel experience but comes with no preset spending limit.
- These choices are perfect for meeting the daily needs of a small business, encompassing a broad range of expenses.
- Instead, lenders base approval on factors such as annual business revenue, time in business, and credit.
- If you’re running a one-person operation, don’t stress — you can apply using your Social Security Number (SSN) instead of an Employer Identification Number (EIN).
Business credit cards offer a range of rewards and cash back opportunities, including bonus points for travel, equipment, or office supplies. The Chase Ink Business Cash business credit card has a welcome offer that gives you a $750 credit after you spend $7,500 in the first 3 months. If you spend another $7,500 in the next 3 months, you’ll get another $750 credit on this business credit card. Generally speaking, being a business owner is a prerequisite for qualifying for a business credit card.