Best Business Credit Cards for Entrepreneurs
Hello Friends,
Are you an entrepreneur looking for the best business credit cards to help manage your finances and grow your business? Look no further! In this article, we will explore some of the top business credit card options available in the market that can benefit your business in more ways than one.
1. Entrepreneurs Share 7 Smart Reasons They Use Business Credit Cards
Business credit cards come with a plethora of benefits and perks that can significantly contribute to the growth of your business. Entrepreneurs share seven smart reasons why they use business credit cards:
- Build Credit: Establishing a strong credit history is crucial for any business. With a business credit card, entrepreneurs can build their credit score while managing their finances effectively.
- Earn Rewards: Many business credit cards offer cashback, points or airline miles for each dollar spent. With some cards, entrepreneurs can accumulate rewards that can be redeemed for travel, gift cards or merchandise.
- Get Financing: Business credit cards can also serve as a financing option for small businesses. Cardholders can use credit for short-term expenses and repay them over time.
- Track Expenses: Tracking business expenses can be a tedious task. However, with a business credit card account, entrepreneurs can monitor their employees’ expenses, set limits on individual spending, and receive alerts when their credit card is used.
- Streamline Accounting: Business credit cards often come with expense management tools that make accounting much more manageable, freeing up time for entrepreneurs to focus on other aspects of their business.
- Access Perks: Some business credit cards offer perks like airport lounge access, concierge services, and insurance coverage for rental cars.
- Increase Cash Flow: Business credit cards can also provide a buffer for cash flow, allowing entrepreneurs to pay bills and make purchases when cash flow is low.
With these benefits in mind, it is no wonder that more and more entrepreneurs are opting for business credit cards.
2. RBFCU Business Credit Card & Borrowing
If you are looking for a business credit card and borrowing option, RBFCU has a range of products tailored to meet the needs of small businesses.
Their Visa Platinum Business credit card offers competitive rates and rewards that include 1% cashback on all purchases, zero liability protection, and automatic fraud alerts. Cardholders can also add authorized users and set spending limits for each user.
RBFCU also offers business loans and lines of credit for entrepreneurs in need of funds for their business operations.
3. 9 Best Business Credit Cards for Startups 2019
For startups looking for the best business credit card options, these nine cards offer great rewards, low fees, and excellent customer service:
| Card | Annual Fee | Rewards |
|---|---|---|
| Chase Ink Business Preferred | $95 | 3 points per dollar spent on travel, shipping, online advertising, and internet, cable, and phone services |
| American Express Business Gold | $295 | 4 points per dollar spent on two select categories, 1 point per dollar on all other purchases |
| Capital One Spark Cash for Business | $0 for the first year, then $95 | 2% cashback on all purchases |
| Bank of America Business Advantage Cash Rewards Mastercard | $0 | 3% cashback on gas and office supply stores, 2% cashback on restaurants, 1% cashback on all other purchases |
| Wells Fargo Business Secured Credit Card | $25 | 1.5% cashback on all purchases |
| CitiBusiness AAdvantage Platinum Select World Mastercard | $99 | 2 miles per dollar spent on American Airlines purchases, 1 mile per dollar on all other purchases |
| The Business Platinum Card from American Express | $595 | 5 points per dollar spent on flights and hotels, access to airport lounges, concierge service, and travel insurance |
| U.S. Bank Business Leverage Visa Signature Card | $0 | 2 points per dollar spent on eligible net purchases in the top two categories where you spend the most each month, 1 point per dollar on all other purchases |
| Capital One Spark Classic for Business | $0 | 1% cashback on all purchases |
These cards offer great benefits for startups, from cashback and rewards to zero annual fees and low introductory rates.
4. Best Credit Cards for Building Credit
For entrepreneurs who are looking to build their credit score, these credit cards are a great option:
- Discover it Secured Credit Card: This card has no annual fee, a cashback program, and the ability to upgrade to an unsecured credit card after eight months of responsible use.
- Petal Visa Credit Card: This card is designed for individuals with limited credit history and has no annual fees or late fees.
- Citi Secured Mastercard: This card can help build credit with responsible use, and cardholders can set their credit limit with a deposit of at least $200.
These credit cards are a great way for entrepreneurs to establish a strong credit history and improve their credit score over time.
5. Best Startup Credit Card for Entrepreneurs
Acuity offers a business credit card specifically tailored to the needs of startup entrepreneurs. This card comes with several features designed to help startups grow:
- High Credit Limit: This credit card offers up to $10,000 in credit, helping entrepreneurs manage their finances better.
- No Annual Fees: Acuity’s startup business credit card has no annual fees, saving entrepreneurs hundreds of dollars in fees each year.
- Special Offers: Cardholders can take advantage of special offers, including discounted services from Acuity.
Acuity’s startup credit card is an excellent option for entrepreneurs who are just starting and need a financial buffer to grow their business.
Conclusion
Business credit cards come with a host of benefits that can help entrepreneurs manage their finances better, build credit, and grow their business. With a plethora of options available in the market, entrepreneurs can choose a card tailored to their needs, whether they are looking for financing, rewards, or a way to improve their credit score.
Choose the right business credit card for your venture today and take your business to new heights!
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