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Let’s take a look at what makes the card unique, and why it may be a great fit for your wallet. The simple and straightforward earning structure makes it a great fit for those looking to earn flexible rewards, without having to fixate on which purchases earn the most points. Find out more information, including whether your business has the credit score needed for the Amex Business Platinum card. Our seasoned and experienced team brings years of expertise in the credit card and travel sectors.

Best Small-Business Credit Cards

• Aside from helping you cover essential business purchases, these cards can also be rewarding.
• For individual small business credit cards, however, credit limits can vary.
• But instead of being used by individuals, business credit cards are used by business owners and entrepreneurs to make purchases on behalf of their companies.
• If you’re not instantly approved for the business card you applied for, don’t worry.
• We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site.
• Large company owners and operators, sole proprietors and anyone in between can be eligible for a business card.

The information for the The Blue Business® Plus Credit Card from American Express has been collected independently by Blueprint. The information for the The Business Platinum Card® from American Express has been collected independently by Blueprint. The information for the Capital One Spark Miles for Business has been collected independently by Blueprint.

Best Small Business Cash-Back Card from Wells Fargo

If you are a sole proprietor looking to apply for a business card and don’t have an EIN, you can often use your Social Security number instead. So if you have a side gig or earn money selling products or services, you should be able to qualify for quite a few small business cards. You’ll need to verify https://smarttravelerpark.com/what-is-the-difference-between-a-sales-invoice-and/ what qualifications are required for approval before you apply. You can use an Employer Identification Number (EIN) to get a business credit card.

Corporate Credit Cards

Once you’ve selected the card that fits your needs, you can typically apply online through the issuer’s website. If you know how to apply for a personal credit card, the process is similar. You’ll have to provide some basic information, including your business’ contact details, annual revenue, industry type and number of employees. You’ll also need your company’s employee identification number or, if you don’t have one, your Social Security number.

The U.S. Bank Triple Cash Rewards Visa® Business Card is an excellent choice for business owners who pay a lot for gas and EV charging each month. There are no pesky foreign transaction fees to worry about, and you’ll get a few travel benefits including roadside assistance and secondary car rental insurance. The American Express Business Gold Card maximizes spending with flexible bonus reward categories based on where your business spends the most. You should consider the Blue Business Plus Credit Card from American Express if you’re a business owner looking to finance new purchases without incurring interest. The Chase Ink Business Unlimited is an excellent pick if you don’t want to pay an annual fee.

• The best business credit cards often earn bonus rewards on specific purchases that pair well with benefits or bonus categories on personal cards.
• The number of business expenses you have can add up over the year, and putting all of these expenses on a set business credit card can be a lifesaver when it comes time to pay your taxes.
• The two most common credit cards for companies are small business cards and corporate cards.
• Many business credit cardholders mention the value of a credit card 0% intro APR offer for new purchases and balance transfers.

Not only are business credit cards convenient, but they’re also an excellent way to establish a business credit score so that you have more options for financing on other future purchases. A card will score high if it earns flexible rewards that allow for several options at redemption time. The U.S. Bank Triple Cash Rewards Visa Business card has a solid cash-back program, but the card’s main highlight is its introductory APR that applies to both purchases and balance transfers. The card what is a business credit card offers introductory APR of 0% for 12 months, making this an ideal business credit card should you want to carry or transfer a balance. This American Express business card with no annual fee earns flexible Membership Rewards® points on all your purchases. There’s an earnings cap, but businesses with more modest spending will still find The Blue Business® Plus Credit Card from American Express an excellent choice (Terms apply, see rates & fees).

Why business owners should get a business credit card

Just keep in mind that your credit limit is determined by your deposit — so if you can’t make a big cash deposit, then you won’t be able to charge an expensive purchase to the card. Choosing a business card can be overwhelming, but there are several considerations that can help you narrow down your choices and identify the perfect business credit card for your small business’s spending habits and needs. Because Brex is a corporate card and not a traditional business credit card, you can’t carry a monthly balance meaning there are no APR rates to worry about factoring in.

With 2% cashback on up to $50,000 in eligible purchases each calendar year and no annual fee, this card offers a strong blend of rewards and flexibility. An issuer provides a line of credit from which a business owner can borrow and repay each month on the statement due date. Interest will be assessed on any unpaid balance and compound daily until the balance is paid https://www.bookstime.com/articles/how-to-get-paid-as-a-freelancer off.