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Most Beneficial Credit Cards in Terms of Small Business for in 2017

Capital One Spark Cash

The cards described in this article are very beneficial for those who aim to grow a business. The cards allow you to get as much as possible for every dollar spent.

General overview of the cards:

Capital One® Spark® Cash

Capital One Spark Cash

The top business card in terms of flat-rate rewards – Capital One® Spark® Cash:

  • No annual fee during the first year after you open an account.
  • The value you get: $0.
  • The rate of your rewards: 2.00%.

Ink Business Cash℠ Credit Card

Ink Business Cash Credit Card

The top business card in terms of the longest “bonus” period during which no APR applies – Ink Business Cash℠ Credit Card:

  • No annual fee to pay.
  • The bonus value you can get amounts to $300.
  • The rate of your rewards: 1.00%.

 

The Business Platinum® Card from American Express OPEN

The Business Platinum Card from American Express OPEN

The top business card in terms of you having airport lounge access – The Business Platinum® Card from American Express OPEN:

  • The annual fee you’re expected to pay amounts to $450.
  • The value you get: 0%.
  • The rate of your rewards: 1.00%.

Capital One® Spark® Classic for Business

Capital One Spark Classic for Business

The top business card in terms of a fair credit – Capital One® Spark® Classic for Business:

  • No annual fee to pay.
  • The rate of your reward: 1.00%.

The top business card in terms of flat-rate rewards – Capital One® Spark® Cash

Capital One Spark Cash

General information on the card:

  • Special offer concerning APR: No offer for this card.
  • Standard APR amounts to 17.99% but it may vary. Bear in mind that if you fail to pay off on time, the penalty fee of 30.40% applies. The penalty fee is also a subject to changes. The card comes with the Cash Advance fee of 23.99% that may vary.
  • There is no fee to pay during the first year. After it, the fee of $95 applies.
  • Special Offer: You have an opportunity to get a one-time bonus of $500.

More details concerning the card:

  • You earn a cash back of 2%. In terms of your business it’s very advantageous.
  • In case you spend $4,500 during the first 3 months of using the card, you’ll get a bonus that amounts to $500.
  • There are no bonus categories to activate and no limits on the purchases you can make. All the money you spend on your business is taken into account.
  • No annual fee to pay during the “bonus” period.
  • You can request cash back for any sum you wish. The earned rewards won’t expire for as long as your account is active.
  • You can get as many employee cards as you wish. There is no need to pay any fee for them. Besides, the sums spent by your employees will contribute to your personal reward.

Advantages

If you prefer using only one card for all the purchases to make concerning your business, this card has the best value from the point of view of it being provided on a long-term basis.

Disadvantages

The biggest drawback is that there applies an annual fee after the first year of you using the card. However, you can easily offset it by putting on the card at least $4,750. If you think the sum is too big, you’d better look for a card with no annual fee.

Conclusion

The card is just great whether you’re going to use it alone or combine it with other cards. The cash back reward of 2.00% seems very beneficial if you take into account the sums a person needs to spend on his/her business.

The top business card in terms of the longest “bonus” period during which no APR applies – Ink Business Cash℠ Credit Card

Ink Business Cash Credit Card

General information on the card:

  • Special offer concerning APR: You can make any purchases and carry out balance transfer operations for free during the first 12 months.
  • Standard APR amounts to 14.24-20.24% but it may vary. The card comes with the Cash Advance fee of 25.99% that may vary.
  • There is no fee to pay.
  • Special Offer: You have an opportunity to get a one-time bonus of $300.

More details concerning the card:

  • In case you spend $3,000 during the first 3 months of using the card, you’ll get a bonus that amounts to $300.
  • Once you spend $25,000 on any kind of purchases, you’ll get a cash back of 5% on the sum. The list of the purchases that are taken into account involves purchases for cellular phone and landline, internet and cable TV and also office supply stores. The cash back is given to you every year if you manage to spend the sum mentioned.
  • Once you spend $25,000 on any kind of purchases at gas stations and restaurants, you’ll get a cash back of 2% on the sum. The cash back is given to you every year if you manage to spend the sum mentioned.
  • For all the rest purchases you’ll get 1% cash back.
  • No APR to pay during the first year.
  • You can get cards for your employees. There is no fee to pay for them.
  • No fee to pay for the card each year.

Advantages

It’s not a secret that people like cards that go with free APR periods. In terms of small business, the card can be especially advantageous. The crux of the matter is that you can spend a very big sum buying the necessary inventory for your business while not paying any interest for it. Instead of the interest to pay, you’ll have cash back to get.

Disadvantages

Actually, the card won’t be of much use to you if you don’t spend much to get the cash back implied.

Conclusion

The card is ideal for those people willing to smooth out their cash flow – there is a very long Free APR period promised.

The top business card in terms of you having airport lounge access – The Business Platinum® Card from American Express OPEN

The Business Platinum Card from American Express OPEN

General information on the card:

  • Special offer concerning APR: No offer for this card.
  • Standard APR is unknown. If you want to get more details concerning APR, visit the official website of the emitting bank.
  • The fee you’re expected to pay amounts to $450.
  • Special Offer: You have an opportunity to get several bonuses. The first bonus of 50,000 Membership Rewards® points is given to you once you spent $10,000 on various purchases. The second bonus of 25,000 Membership Rewards® points is given to you once you spent additional $10,000. Pay attention to the fact that the offer is a subject to certain terms.

More details concerning the card:

  • You can be rewarded up to 75,000 bonus points to spend on your future purchases.
  • Bear in mind that you’ll get the bonus points only if you spend the sums mentioned during the first 3 months of using the card.
  • When booking flights and prepaid hotels on amextravel.com, you get 5 times more bonuses for each dollar spent.
  • In case you make a one-time purchase of $5,000 you’ll get 50% more bonus points.
  • You can use your earned bonus to pay for the airline you prefer flying with. You can get up to 35% of the points back.
  • In case you decide to pay with the card for the flights in First and Business class, you’ll get 35% of your points back. You get the reward only if you use American express Travel.
  • In comparison with other available US credit cards, this card allows you to get almost in every lounge around the world.
  • The offers that come with the card are subjects to changes.

Advantages

If you often have business trips you know that it’s really great to get an in-flight meal for free, find a place to relax or even take a shower. The card grants you a free access to lots of lounges all over the world.

Disadvantages

The card implies that you have to pay it off in full each month. If you don’t spend much on your business’ needs, the card may be not the best option for you since the annual fee is quite big.

Conclusion

Those travelling a lot during the year fill find the card to be perfect irrespective of $450 to pay each year.

The top business card in terms of a fair credit – Capital One® Spark® Classic for Business

Capital One Spark Classic for Business

General information on the card:

  • Special offer concerning APR: No offer for this card.
  • Standard APR amounts to 23.99% but it may vary. Bear in mind that if you fail to pay off on time, the penalty fee of 30.40% applies. The penalty fee is also a subject to changes. The card comes with the Cash Advance fee of 23.99% that may vary.
  • There is no fee to pay.
  • Special Offer: No offer for this card.

More details concerning the card:

  • No annual fee to pay.
  • You can earn cash back everyday when making any kind of purchases.
  • You’ll be able to build your business credit if using the card with responsibility.
  • The card is secured from fraud. So you don’t need to worry that your money will disappear if the card is lost or stolen.
  • No fees to pay for the purchases abroad.
  • You may be rewarded additional benefits on the basis of the Summaries at the end of each year. You can get the cards for your employees. The cards don’t imply any annual fee.

Advantages

The card is more beneficial than the cards that are usually offered to businessmen with fair credit score. The only requirement to meet is to pay off your debt in full each month.

Disadvantages

If you fail to pay off your debt in full, you’ll have to pay a rather high interest.

Conclusion

The card is not bad if you’re able to pay off the sums spent on your business each month. The sums are to be paid off in full.

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Comments: 7
  1. Alex

    Hello, there. I’m going to buy a business that comes with huge amounts of money spent each year on gas, inventory and office supplies. Could anyone recommend me the credit cards to apply for?

  2. Sparkle

    I’m going to start a photography business in a couple of months. I think it’ll be beneficial for me to have a credit card. However, I want my credit card to have travel rewards. Could anyone recommend me any cards? Thanks in advance.

    1. Martin

      Hello! If you plan to spend considerable sums of money on travelling, advertising and shipping, you’d better get The Ink Business Preferred℠ Credit Card. It has a very appealing sign-up bonus and great rewards.

  3. Celia

    If we get an AMEX platinum card that implies a couple of perks such as Precheck credit and Airport Lounge Access, will the employee (who have additional cards) be able to get the same perks? Or are the perks mentioned only for the main account holder?

    1. James

      We’ve contacted an AMEX agent and he confirmed that the employees owning additional cards also get the benefits implied by the card.

  4. Ryan

    I’ve a small child care business. I spent considerable sums of money on fuel and food. Is there any good credit card for me? Thanks.

    1. SamBroody

      My recommendation to you is the Capital 1 Sparks card. The credit limit will be determined on the basis of your credit score. Actually, I don’t think you’ll have any problems trying to get the card, it’s the one that’s easy to get. The bank itself seems to be quite trustworthy.

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