Any individual who has a business is able to apply for one of these business cards. You do not have to be officially incorporated or boast employees to be counted as an owner of a business. The top credit cards for small business owners have to offer the most value possible.
Maximizing profits while reducing costs is a top set of priorities for small business owners. Here we will look at the best business cards for larger purchases, travel and cash back rewards, and for building your credit up.
Best Overall Credit Card
The Ink Business Unlimited credit card is a leader with its no annual fees, cash back rewards, and even low initial purchase APRs. Its sign up bonus is an incredible $500 after spending at least $3,000 over the first three months. You also benefit from a 12 month long zero percent APR on all purchases and balance transfers, so long as you pay your monthly bill on time throughout the duration of the promotional period.
Best Credit Card for Travel Rewards
The ultimate credit card to have in your wallet for travel rewards proves to be the Citi Business AAdvantage Platinum Select World MasterCard. These miles reward get you 2.95 cents worth of value when you redeem them towards American Airlines flights.
This means that the sign up bonus for the card is valued at $2,065. Besides this, it also gives you worthwhile perks such as free checked bags, preferred boarding, companion certificates, and in flight discounts. This comes with a card with a comparatively low yearly fee that the company waives during the first year. There is also no foreign currency transaction fee for overseas purchases.
Best Sign-Up Bonus Credit Cards
The United Explorer Business Card offers the best sign up bonuses. After you spend $5,000 over your initial three months, you get 50,000 miles. You also have the chance to earn another 50,000 miles after spending a total of $25,000 over the first six months. This means you can see rewards of from $785 to $1,570 with United Mileage Plus. Besides this, the card is replete with chances for obtaining bonus rewards and useful travel perks.
Best Secured Business Credit Card
Wells Fargo Business Secured Credit Cards will require that you make a cash deposit against the business credit limit which ranges from $500 to $25,000. The card also provides several good rewards programs from which you can select. One of them is their 1.5 percent cash back program on all purchases, hard to beat anywhere.