If you have a business, maybe you should consider acquiring a small business credit card. A credit card that suits your needs can make your transactions easier and faster it does not matter if your brand is big or small. Also, the best options on the market often offer other benefits like bonuses and rewards.
On the other hand, a fast approval card provides your business with a quick means of financing. Any company may have unexpected expenses and emergencies. For these cases, it is reasonable to have options to access a line of credit.
The offer of credits for emerging businesses is vast and overwhelming. With this problem in mind, we give you this list of the best options. Business lines of credit are easy to obtain and offer you extra benefits.
Capital One Spark cash plus
This small business credit card offers a cash bonus of up to a thousand dollars in the first six months of use. Also, it offers five hundred dollars after the first five thousand dollars in expenses and another five hundred after fifty thousand.
You can earn two percent cash back for life on all your business purchases. Such as a five percent reimbursement on purchases of hotels and rental cars if you make your reservations in Capital One travel. These excellent benefits contrast with a fee of one hundred and fifty dollars per year.
This card requires payment of the entire debt each month and has unlimited credit. It makes it perfect if you need flexible spending capacity. However, you need a good credit history and the ability to pay each month immediately. Take these elements into account before requesting them.
American Express Blue Business Cash
This small business credit card has one of the best cash return rates on the market. We are going to highlight its benefits:
- You can receive a two percent cash back on all purchases up to fifty thousand dollars in one year. After this amount, you can receive a one percent refund. It will reflect in your payment receipts immediately.
- Another advantage is that you can receive a reduction in your credit of two hundred and fifty dollars if you make purchases for three thousand dollars in the first three months of use.
- The card has a zero percent annual interest rate (APR) in the first year and represents benefits on your purchases at Amazon.
- For American Express to give you the card, you need an excellent credit history. With a good record, you will receive the card immediately.
Wells Fargo Business Platinum
We include this option for entrepreneurs and business owners with a bad credit history. Wells Fargo Business Platinum offers a one-point-five percent return on select purchases.
When you buy the card, you can choose between a bonus of three hundred dollars or thirty thousand redeemable points. All this after three thousand dollars in purchases during the first three months. Also, there is no annual fee.
You need to make a security deposit to apply, from which they define your credit limit. You also need a Wells Fargo checking or savings account.
Ramp Corporate cards
This alternative offers personalized corporate cards that require full debt payment every thirty days. These cards offer a 1.5 percent refund from the total business purchases. In addition, the brand has agreements with several allies such as Amazon, Xero, and Strype. Purchase with these allies can result in bonuses and benefits.
The ramp has a financial advisory service that ensures savings of up to twenty-seven percent of company expenses. The conditions to acquire a card are:
- A minimum of seventy-five thousand dollars in the savings account.
- Be a US company and be registered as a corporation. This option is perfect if your business has a good credit balance since they have no interest in the user’s balance.
Shell Small Business Card
This card is perfect for businesses with significant fuel and transportation expenses. If your business relies on a transportation fleet, then consider this option. You can receive a return of up to 6 percent for each gallon of gasoline purchased. It also offers you benefits for oil changes and purchases with allied brands.
This credit line does not represent monthly or annual expenses, so it is a card that can be issued smoothly and means a few payments. However, the card is only valid at Shell outlets and is not affiliated with Visa or MasterCard.
Chase Ink Business Preferred
Our last option also requires an excellent credit history. However, offers outstanding benefits. Upon card issuance, you can receive $1,000 in cash or $1,250 in Chase Ultimate travel rewards, after spending $15,000 in the first three months.
The card offers 3X points on expenses related to transportation, travel, online advertising, and purchases related to the communication sector. Earned points can be redeemed in diverse ways: hotels, trips, Amazon purchases, etc. It is a card with an excellent rewards system.
This reward system and Chase’s allies make this card a great option. The only requirement is impeccable credit history.
To finish (bottom line)
No bank is required to issue credit cards without reviewing your credit history and personal data. Business cards require a thorough company data review. Providers are subject to regulations that limit the choice of applicants. Be sure to carefully review the conditions for receiving these cards.
We chose the cards based on ease of application and speed of response. However, the card providers decide if a user is choosable. Make sure that your credit history follows the requirements of the credit company.
