Apply & Compare Business Credit Cards

Plus, the card has an introductory annual fee of $0 the first year, then $95. The Capital One Venture Rewards Credit Card is a great option for those who want to take advantage of a solid earning structure that provides them with easy to redeem miles. The Venture Rewards card earns an unlimited 2 miles per dollar spent on every purchase plus an unlimited 5 miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel. You get similar benefits that come with the more premium Capital One Venture cards with a smaller annual fee of $95 (see rates and fees). The Capital One Venture X Business credit card features Outsource Invoicing a $395 annual fee that more than pays for itself when you account for the considerable rewards and perks that come with the card.

The best high-limit business credit cards

Read our full list of the best business credit cards for bad credit here to learn more about our other top picks. The consumer credit bureaus aren’t the only ones you need to consider when selecting a business credit card, though. Business credit card issuers can also report your payment and account history to major business credit bureaus such as Experian or Equifax.

• Jessica Merritt is a seasoned personal finance writer specializing in credit cards, consumer banking, and financial wellness.
• Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.
• To qualify for a corporate card, you could need 15+ employees, a minimum of six figures in annual expenses or a large sum of money in the bank.
• The Southwest Rapid Rewards Performance Business card is ideal for business travelers and loyal Southwest flyers interested in hitting A-List status or earning a Companion Pass.
• You can read more about our editorial guidelines and the credit card methodology for the ratings below.
• The difference between a business credit card and a business charge card is simple.
• Small business cards typically provide basic expense management features, while corporate cards deliver enterprise-level reporting and integration with accounting software or enterprise resource planning (ERP) systems.

Best Small Business Cash-Back Card from Wells Fargo

You may still be able to get a business credit card with bad credit, but your choices will be limited. If you choose one of these options, a worthy goal is to use the card to help build or repair your credit so you can eventually qualify for a better card. They can provide revolving credit to ease cash flow demands while often providing tools to automate expense tracking.

• That initial hard credit inquiry can cause your score to drop by a few points temporarily.
• However, some credit card providers do offer online purchase guarantees and insurance for fraud or misuse.
• Terrific category diversity makes it easy to reap rewards from a range of common expenses throughout the year, usually including online retail purchases, dining, gas, and more.
• When choosing employee credit cards, consider factors that affect both financial value and operational efficiency.
• Many people could qualify for business cards without realizing it because they don’t see themselves as small-business owners.
• Unlike corporate credit cards, business cards are available to businesses of any size — even entrepreneurs just getting started on their own.

Best Small Business Cash-Back Card From Chase With Bonus Categories

We think the best credit card for most businesses is the Ink Business Preferred card. However, another credit https://space-magic.shop/calculating-the-average-collection-period-formula/ card may better suit your particular business needs. The best small business card for you will align with your business spending patterns and provide any benefits and rewards that can help you save money. You can use an Employer Identification Number (EIN) to get a business credit card. Most issuers, however, will still require you to provide a personal guarantee and may ask you to provide a Social Security number (SSN) to check your credit. So, if your business is struggling to pay back the money on a business credit card and you have a personal guarantee, this could impact your own credit score.

✅  Our Pick for Bonus Categories and Marriott Loyalists

• Categories include popular business expenses like U.S. restaurants, U.S. advertising in select media and U.S. computer software, to name a few.
• The Venture Rewards card earns an unlimited 2 miles per dollar spent on every purchase plus an unlimited 5 miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel.
• Business credit cards can make good financial sense for established businesses, freelancers and even startups.
• CNBC Select reviewed dozens of options and selected the best business credit cards for startups in a variety of categories.
• Not only are the rewards you earn with a business credit card lucrative, but the welcome offers you receive can boost your bottom line at the end of the year.

There’s a $0 annual fee on this card, you’ll earn 1% cash back on all eligible purchases and 5% back on hotels and rental cars what is a business credit card booked through Capital One Travel. While it’s not illegal to use a personal credit card for your business, it’s never a good idea to mix finances. You want to have a clear demarcation between business and personal spending, because it could become difficult to separate finances and there could also be tax implications. You certainly can, though each issuer reserves the right to review your application and determine whether you qualify for a business line of credit.

• Since that deposit mitigates the risk on a card issuer, a business with below-average or no credit may still be eligible.
• However, the credit card information that we publish has been written and evaluated by experts who know these products inside out.
• If you fly Delta often and value Delta elite status, the Delta Reserve Business card could be a good addition to your wallet.
• Each network may offer different benefits, such as purchase protection, rental car coverage, or concierge services.
• Most American Express cards also offer a tremendous sign-up bonus, as well as opportunities to earn rewards points and bonus points for qualifying purchases.
• For rates and fees of the Amex Business Gold, click here.For rates and fees of the Amex Business Platinum, click here.For rates and fees of the Amex Blue Business Plus, click here.