Business Credit Card Reviews

Monday, June 11, 2012 at 3:54pm by Site Administrator

Top Business Credit Card Companies

A business credit card is an ally. You can acquire supplies and equipment that can’t be done with limited cash. You can build company creditworthiness and financial stability. You can ease bookkeeping woes with detailed expense reports. You can stop propping the business up with personal cash.

Yet, not all business credit cards are created equal. Here are some highly recommended issuers of business credit cards and some of their finest offerings.

JPMorgan Chase

With its signature Ink series, outstanding reward earnings and other favorable features, there is probably no better business opportunity than affiliating with Chase. Their customer service is loyal and dependable. According to Better Business, JPMorgan Chase has a strong commitment to resolving issues and complaints with their consumers.

If starting out, this bank may be the one to turn to for building your business credit history. Encouraging entrepreneurship is important to Chase with a streamlined application process, cards with low interest rates and promising rewards for responsible spending. There are also no personal guarantees.

Chase Ink Bold with Ultimate Rewards

Intended for the high-end entrepreneur, it gets high marks as a best business credit card with consumers. A charge card, its spending limit will always be flexible with the payment plan largely determined by the accountholder. There are bonuses and features that make this a premium option.

Ink Classic Business Card

With Flexible Spend Capacity, adjust your budget needs as needed. Get 10,000 bonus points after the first purchase and an additional 15,000 spending $5,000 in the first three months. Unlike a lot of agreements, cash back rewards never expire. There’s no annual fee and $250 in cash back bonuses.

American Express

For the last four years, American Express has ranked highest in customer satisfaction by J.D. Power and Associates. American Express mostly issues business charge cards, not credit cards. This is ideal for businesses that aren’t interested in interest rates attached to rolling balances. Small business can benefit as most American Express business cards offer a variety of ways to handle balances, including paying in full with no interest applied, allowing forward movement and acquiring creditworthiness without accumulating debt. American Express is a solid alternative for businesses that want flexibility in their payment schedule.

The Plum Card from American Express OPEN

This is a charge card, so full balance payment is expected each month. There’s a $185 annual fee, but it’s waived the first year. Get a discount of 1.5% by making full payments before the closing day of any statement. Or pay 10% of the balance on time and interest fees are deferred for the following two months as long as the balance is paid in full during the period.

Capital One

Capital One business credit cards are considered the best for rewards and are extremely easy to redeem. They promote their business credit card line with a series of cards designed for specific business needs and desires. The Spark Classic is for the business owner that wants to build business credit with no annual fee, while the Spark Select has the lowest introduction rate.

Capital One caters to the small business owner with Spark Select and Spark Cash, both designed to build credit with no annual fee and low rates. Capital One is one of the largest issuers of business credit cards on the market.

Capital One Spark Cash for Business

This one ranks for net annual rewards totaling over $400 in cash. Unlike other cards that break down cash back by category, the Spark card offers 2% back on ALL purchases all the time. There’s a signing promotion and the first year annual fee is waived.

Capital One Spark Miles for Business

This card leans heavily on the traveling businessman with similar bonuses as the Spark Cash card except substitute travel miles for cash rewards. The miles can be redeemed for travel, gift cards, merchandise or even cash.

Choose the Right Card

Avoid business credit cards that require a personal guarantee. This will be hard for a start-up. If you do find yourself unable to avoid it, work diligently to use that card to build a solid credit reputation. Your business can eventually upgrade to cards that don’t carry the burden.

If looking to finance your business, a low interest rate card with cash rewards and a solid payment plan is what you need. A rewards card is best for a business that doesn’t want to carry a balance. Choose the card that best rewards typical spending habits

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