The Top 5 Best Credit Cards for Small Businesses
Introduction
As a small business owner, choosing the right credit card can make all the difference when it comes to managing and growing your business. With so many options available in the market, it can be overwhelming to determine the best credit card for your specific needs. In this article, we have compiled a list of the top 5 best credit cards for small businesses, along with their features and benefits, to help you make an informed decision.
1. Chase Ink Business Preferred
The Chase Ink Business Preferred credit card is an excellent choice for small business owners who frequently travel for work or spend heavily on advertising and online purchases. This card offers a generous sign-up bonus, flexible redemption options, and a rewards program that offers 3 points per dollar spent on travel, shipping, internet, cable, phone services, and advertising purchases. Additionally, the card comes with travel and purchase protections, as well as access to the Chase Ultimate Rewards program where you can redeem your points for cashback, gift cards, or travel.
2. American Express Business Gold Card
The American Express Business Gold card is ideal for small business owners who have varying monthly expenses and can benefit from a rewards program with flexible points earning. With this card, you can earn 4 points per dollar spent on two categories of your choice, such as advertising, shipping, technology, and gas stations, and 2 points per dollar on the remaining categories. The card also offers a welcome bonus, purchase protections, and travel benefits such as baggage insurance and travel accident insurance.
3. Capital One Spark Cash for Business
If you’re looking for a straightforward cashback credit card, the Capital One Spark Cash for Business may be the right choice for you. This card offers unlimited 2% cashback on all purchases, with no caps or categories to worry about. Additionally, the card comes with a generous welcome bonus, fraud coverage, and purchase protections such as extended warranty coverage and price protection.
4. Delta SkyMiles Business Credit Cards
If your small business involves frequent travel with Delta Airlines, the Delta SkyMiles Business Credit Cards may be the perfect option for you. These cards offer welcome bonuses, miles earning opportunities, and travel benefits such as priority boarding, free checked bags, and airport lounge access. Moreover, each card caters to a different business need, from no annual fees to premium rewards, making it easy to select the one that best suits your requirements.
5. Wells Fargo Business Secured Credit Card
If you’re just starting with your small business and have limited or no credit history, securing a credit card might be difficult. In such cases, the Wells Fargo Business Secured Credit Card can help you build credit while also assisting with your business expenses. You must put down a security deposit to open an account with this card, but in turn, you can access a $500 to $25,000 credit limit. Furthermore, the card offers cashback rewards on every purchase, and you can request a free credit line upgrade after a year of responsible credit card usage.
Conclusion
Choosing the right credit card for your small business can feel overwhelming, but it doesn’t have to be. With this list of the top 5 best credit cards for small businesses, you can compare and evaluate your options and select the card that best aligns with your needs. Whether you’re looking for rewards, cashback, or travel benefits, there is a credit card out there that can complement your business goals and contribute to its growth.
