The best business credit cards for startups can be very confusing to figure out which one to go with. There are so many different companies out there that claim to offer the best business credit cards for startups, but the truth is, not all of them are as good as they make out to be. When looking for the best credit card, you have to know what exactly you are looking for.
The top credit card for startups should offer the best business credit cards for startups with rewards programs. The best business credit cards for startups are the Chase Freedom Unlimited card from Bank of America, the Blue Business Plus credit card from American Express, and the Capital Spark Classic credit card from Discover. The Chase Freedom Unlimited card offers a sign up bonus of 80,000 miles for spending on purchases and at the airport. There s also three points per dollar spent on general business expenses and travel. These points are actually worth 1.25 cents per mile toward travel via Chase Ultimate Rewards.
The Blue Business Plus card from American Express offers great rewards as well. It offers five percent cash back on business purchases and many business credit cards for startups will offer even more savings when you use the Blue chip card. You can get your rewards by making purchases at any participating American Express store or at American Express Travel. This card has a zero percent introductory rate for twelve months after you begin using it and you have the option to pay off your balance every month without a cent of interest.
The Capital Spark Classic card from Discover is another great choice for those looking for the best business credit cards for startups. It offers one mile for every dollar charged and there are no annual fees. The rewards offered include unlimited rewards on dining, gas, car rentals, and many other travel-related purchases. This card has a zero percent introductory rate for twelve months after you begin using it and you have the option to pay your balance off each month without a cent of interest.
The Discover More Info card from American Express is another great choice for those looking for business credit cards for startups. You get perks including a travel membership that gives you free travel as long as you use your card every month. You also receive discounts on office supplies, home items, entertainment systems, dining, and other everyday necessities. You can get a fifteen-percentage point bonus on dining purchases and many other great perks.
The Starwood Preferred Card from Chase is one of the few cards with no annual fees. You also get a twenty-five day grace period for any late payments and you are only required to pay cash at the end of each twelve month period. This card requires full disclosure of your spending and the only way to increase your limit is to max out the card. This is a solid business credit card for those who want to spend money but don’t want to pay any annual fees.
If you need a business credit cards for startups, you should look for cards with the zero percent intro APR for six to twelve months and the zero percent APR after the introductory period ends. If you aren’t careful, you can end up spending more than you intended or accrue debt that you can’t easily repay. Find out what you can about the company before applying to ensure you aren’t just stuck with large credit limits because you paid too much in fees.
Finding the best business credit cards for startups isn’t easy. As you research you should keep in mind the startup costs you’ll have to pay and the amount of cash you will be building your balance with. It’s also important to know how much you’ll be able to charge to your monthly account as well as the types of rewards you can get. Make sure you pay off your balance each month to avoid getting a high interest rate.