Which Business Credit Card is Best For Your Company?

which business credit card is best

If you have a business, you may wonder which business credit card is best for your company. Depending on your needs, there are many credit cards to choose from. Below are a few options that you may want to consider.

Wells Fargo Business Secured

The Wells Fargo Business Secured Credit Card is one of the best business cards today. It’s targeted toward businesses with poor or no credit history. However, it’s also perfect for those looking to build their business’s credit.

You’ll need to set up a business bank account with Wells Fargo to apply for a card. You’ll also need to put up a refundable security deposit. This deposit is used as collateral for your monthly line of credit.

Once you have your account open, you can use the card for purchases. You’ll earn a certain number of points for every dollar you spend. These points can be redeemed for merchandise, airline tickets, and cash back.

Chase Ink Business Preferred

The Chase Ink Business Preferred card is one of the best business credit cards available. It has a wide range of benefits and is also a popular option for travel rewards.

The Ink Business Preferred is part of Chase’s Ultimate Rewards family of cards. This means you can combine your points on other cards from the company, which can be helpful if you redeem them for travel. You can also transfer them to 14 airline and hotel loyalty partners.

There is a sizeable sign-up bonus with the Ink Business Preferred card. If you spend $15,000 within the first three months of opening your account, you will receive a one-time compensation of 100k points. These points can be used for airfare, hotels, and car rentals.

Capital One Spark Cash Plus

The Spark Cash Plus business credit card is a new addition to Capital One’s line of credit cards. This card is for businesses that make a lot of purchases. Spark Cash Plus has an attractive rewards program compared to other cards in the same category. It offers a flat cashback rate of 2% on all purchases.

Unlike other rewards cards, the Capital One Spark Cash Plus has a reward rate that doesn’t change with the amount spent. There are also no restrictions on category spending. Despite the low annual fee, this card may not be as good for small businesses as some of the more competitive cards.

Blue Business Plus Credit Card from American Express

The Blue Business Plus Credit Card from American Express is an excellent credit card for small-medium businesses. It offers a simple rewards program that earns points for every dollar spent.

Unlike other business cards, the Blue Business Plus Credit Card offers a 12-month 0% APR introductory period. This makes it the perfect choice for businesses that need a credit card without a high annual fee.

When you sign up for the Blue Business Plus Credit Card, you will be able to earn two Membership Rewards points for every dollar you spend on your first $50,000 purchases each year. You will also make one point for every dollar you spend after that.

Brex

If you’re looking for a credit card that’s easy to use, offers lucrative rewards, and comes with a generous sign-up offer, you may want to consider the Brex business credit card. Founded by Henrique Dubugras and Pedro Franceschi, Brex is a startup specializing in funding and expense management.

Unlike many traditional credit cards, Brex allows users to pay vendors without the hassle of paying interest. Plus, the company also integrates with popular accounting tools. This means it’s easier to reconcile your account. The card has no annual fee, a low spending requirement, and several free cards.

When you apply, you’ll be given a virtual card that will arrive in a few days. After that, you’ll be required to make a monthly payment. However, it’s a good idea to ensure you have sufficient resources to cover the cost.

Divvy

The Divvy Business Credit Card is a flexible credit card that offers several benefits. It is ideal for businesses looking for a way to manage and track business expenses.

Unlike a traditional business credit card, Divvy allows users to earn rewards. These rewards can be redeemed for statement credits, cash, or gift cards. This is also a good way for companies to build their business credit.

Divvy’s business credit card is ideal for small and medium-sized businesses. It offers a variety of features, including a rewards system, low fees, and advanced expense management tools.

Divvy’s flexible credit line makes applying for a credit card easy. There are varying approval requirements, but it’s possible to get the money you need within 48 to 72 hours.