Earn 5% cash back https://santto.digital/average-collection-period-formula-how-it-works/ in select business categoriesplus earn rewards on every purchase made for your business – with this no annual fee credit card. When applying for a business credit card, you’ll need to provide both business and personal information. This typically includes your legal business name, address, phone number, business structure, years in operation, industry type, annual revenue, business expenses, and your personal income details. Business credit cards offer more than credit, they also come with rewards when you spend. For example, you could earn airmiles or vouchers which can then shared with the team as an incentive. Just like with personal credit cards, a business credit card will have a pre-arranged limit available to spend, but it can be higher than a normal credit card.
World of Hyatt Business
If you’re stuck on which business rewards credit card is right for your startup, we’ve got you covered. CNBC Select reviewed dozens of options and selected the best business credit cards for startups in a variety of categories. (See our methodology for information on how we chose the best startup business credit cards). Bank are currently not available on CNBC Select and links have been redirected to our credit card marketplace where you can review offers from other issuers like American Express or Chase.
- First, let’s review how business and personal credit cards are similar.
- We do not determine the category codes applied to merchants’ businesses and reserve the right to determine which Purchases qualify for additional rewards.
- 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).
- You can check the background of Atomic Brokerage on FINRA’s BrokerCheck.
- Some applications may allow you to use your Social Security number instead, but some may ask for both numbers.
Summary of the Best Small Business Credit Cards for Startups
Earn 3 Free Night Awards after you spend $6,000 on eligible purchases on the Card within the first 6 months of Card Membership. Each Free Night Award has a redemption level up to 50,000 Marriott Bonvoy® points at hotels participating in Marriott Bonvoy®. Earn a one-time bonus of 50,000 miles – equal to $500 in travel once you spend $4,500 on purchases within 3 months from account opening. In terms of how long it takes to get a business credit card, this can vary depending on your application details and the provider.
The best business credit cards for travel
Instead of a corporate credit card, consider one of the top business credit cards. And if your business is new, look into the best credit cards for startups. The Bank Of America Executive Explorer corporate card offers some eye-popping travel benefits.
The Blue Business® Plus Credit Card from American Express
Then, it’s a matter of looking at the cost of those cards and finding the most affordable option. You don’t need to be the founder of a large corporation or a restaurateur to be eligible for a business credit card. You may qualify even if you’re starting a business or it’s only a part-time side hustle. Freelance and independent contractor gigs, such as driving for DoorDash or Uber, could help you qualify for a business card. Anyone with both a United personal credit card and a United Business Card gets a 5,000-mile bonus every account anniversary year. You can also earn 1 PQP for every $20 spent on purchases Outsource Invoicing with your United Business Card, up to 4,000 PQP per year.
Can I take out cash using a business credit card?
Editorial content is not those of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Use the cash back for whatever you want, with almost no restrictions on how and where you can earn. If you’re a fan of Capital One and its business-friendly credit model, this is a pick you can be proud to carry. That means these cards are often available to brand new businesses as well as established businesses that qualify. For rates and fees of The Business Platinum® Card from American Express, click here. For rates and fees of the Blue Business® Plus Credit Card from American Express, click here.
Any time an employee requested a new credit card via email or Slack, it took about three weeks to enroll, receive, and activate the new card. And once employees actually had their cards, the approval process for reporting expenses was also painful. “Everything was manual, and you’d have to save the email for internal audit requests,” says Laura. Business credit cards don’t benefit from full purchase protection offered under Section 75 of the Consumer Credit Act. However, some credit card providers do offer online purchase guarantees and insurance for fraud or misuse.
- Our editors are committed to bringing you unbiased ratings and information.
- These cards also tend to have other useful benefits, such as credits for software or computer expenses and insurance for business-related travel or other purchases.
- Use the cash back for whatever you want, with almost no restrictions on how and where you can earn.
- The best small business credit cards cater to a range of business needs, offering the flexibility to manage expenses while allowing you to earn lucrative rewards on both your spending and that of your employees.
You can choose your top spending category monthly for 3% earnings, plus receive 2% on dining purchases (for the first $50,000 spent in combined category and dining purchases per year, then 1% back). If you have qualifying accounts for the Bank of America Preferred Rewards for Business program, you could boost your earning rate to 5.25% back in your chosen category — impressive earnings for a card with no annual fee. The Capital Spark Cash Plus is a great cash back card for larger businesses with high spending. It allows business owners to earn unlimited 2% cash back on every purchase, and Capital One will refund the card’s annual fee if the business meets a minimum spend of $150,000 annually. Corporate cards are designed to help business managers manage spending for a large number of employees and some offer rewards as well.
More on our best corporate credit cards
Chase’s website and/or mobile terms, privacy and security policies don’t apply to the site or app you’re about to visit. Please review its terms, privacy and security policies what is a business credit card to see how they apply to you. Chase isn’t responsible for (and doesn’t provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the Chase name. Make the most of your small business spending with accelerated earning wherever you spend the most. Earn 2 Bonus Points total per $1 spent in your top three spend categories each quarter. Pay in Full Card with Unlimited Earn PotentialEarn 2.5% cash back on every purchase of $5,000 or more and 2% cash back on all other business purchases.
