Why would you choose a particular credit card over others for your new business? Each offers different unique services and would depend on the needs of your new business. So, in that case, a preferred credit card for one business may not be the best for another business.

 

A great credit card will depend on the specific need of the business. For example, would you prefer paying no fees at 0% APR or enjoying a good rewards program with great cashback percentages? Are you interested in a card with higher credit limits or one that offers additional cards for employees?

 

We have formulated for you a list of the 4 best credit cards catering to the different needs of your small startup.

 

 Blue Business Cash Credit Card by American Express

This company offers a 2% cashback for a business’s total purchases, reaching $50,000. It also offers free employee business cards, which the business owner can put a usage limit on. So, although it is all the purchases, both yours and the employees count to $50,000.

 

Startup Deals: You are offered a $500 credit after speeding $5000 together with eligible purchases within the first three months of using your account.

 

Intro APR: Offers 0% for the first 12 months, then between 13.24% and 19.24 after the first year.

 

Annual fees: Come at $0.

 

Business Unlimited Credit Card from Chase Ink

This company offers a 1.5% cashback on eligible purchases for your enterprise. Unlike other companies, this company enjoys a limitless expenditure ceiling to qualify for cashback. Additionally, you also qualify for Chase Ultimate Rewards with this card membership.

 

Startup Deals: You are offered a $750 cash back after spending $7500 within the first three months after opening an account. You can earn $750 again through purchases of $7,500 in the next three months.

 

Intro APR: Offers 0% for the first 12 months, then between 13.24% and 19.24 based on credit trust earned by timely payments.

 

Annual fees: Come at $0.

 

 Spark Cash Plus from Capital One

This brand offers you a 2% cashback on all select business groups. Your credit history and personal credit score should be good enough to get this card. If you have a poor credit history, consider One Spark Classic for business.

 

Startup Deals: $1,000 bonus on completing the account opening.

 

Intro APR: Your balance should be cleared in full every month.

 

Annual fees: Come at $150.

 

Amazon Business Prime Credit Card

This company offers great cashback percentages on every Amazon purchase. Additionally, a new business or even an existing one can make its purchases on Amazon to benefit from free shipping.

 

Startup Deals: offers a 5% cashback on all purchases made on Amazon, plus 2% cash back on restaurant purchases.

 

Intro APR: Issues between 14.24 and 22.24%

 

Annual fees: Come at $0.

 

Finally, Why should you need a business credit card?

 

Once you get a business credit card, utilize it for your daily business expenses, and maintain a good payment history. Through this, you will be building a business credit that will help you get personal and business loan approvals in the future and increase your credit card limit.

 

Author bio

Michael Hollis is a Detroit native who has helped hundreds of business owners with their Business Loan solutions. He’s experimented with various occupations: computer programming, dog-training, accounting… But his favorite is the one he’s now doing — providing business funding for hard-working business owners across the country.