Credit Card Offers: Choosing the right credit card is critical for any businessman. It can greatly impact your business’s financial health. You might aim to earn cash-back, gather travel rewards, or use intro APR deals. The credit card world is full of choices to match your business’s needs. In this guide, we’ll look into the top credit cards for businessmen. We’ll discuss their key perks and how they can save you money.
Certain cards give 1.5% cash back on all buys, while others offer 5% back on things like office supplies and phone services. There are many options, plus cards designed to boost your business credit. We’ll also talk about premium travel reward cards and those with intro APR offers. By the end, you’ll have a complete picture of the best cards for your business.
Key Takeaways
- Exploring various credit card offers is key, from cash-back to travel rewards and low intro APR.
- Find cards that suit your spending and business goals best.
- Developing your business credit is vital, and certain cards can help.
- For frequent travelers, consider premium travel rewards or co-branded airline/hotel cards.
- Use intro APR offers to manage short-term finance in your business.
Top Cash-Back Business Credit Cards
Businesses looking for a simple cash-back credit card should consider the Ink Business Unlimited® Credit Card or the The American Express Blue Business Cash™ Card as strong options. The Ink Business Unlimited Credit Card gives you an easy 1.5% cash back on all buys, without an annual fee. Plus, new users can get a $750 cash back bonus by spending $6,000 in 3 months. There’s also a 0% APR for the first year on buys.
The American Express Blue Business Cash™ Card offers 2% cash back on the first $50,000 of purchases each year. After that, it gives 1% back. It doesn’t have an annual fee. So, it’s great for companies that want to earn more without extra fees.
Best Business Credit Cards for Category Bonuses
The Ink Business Cash® Credit Card from Chase is a great pick for businesses that spend a lot in specific areas. It gives 5% cash back on up to $25,000 a year spent at places like office supply stores or on services like internet and phone. You’ll get 2% back on the same cap for gas stations and restaurants, and 1% for everything else.
There’s no annual fee on the Ink Business Cash card. Plus, new cardholders can score a $350 bonus by spending $3,000 in three months. Adding to that, if you manage to spend $6,000 in the first six months, there’s an extra $400 bonus. It’s an offer that many businesses will find appealing because they can get more cash back on common spending categories.
| Reward Category | Earnings Rate |
|---|---|
| Office supplies, internet, cable, and phone services | 5% cash back |
| Gas stations and restaurants | 2% cash back |
| All other purchases | 1% cash back |
The Ink Business Cash® Credit Card shines for businesses leveraging its bonus categories and who want to avoid annual fees. It turns everyday business purchases into cash back. With no annual cost, it offers a budget-friendly way to get rewarded.
Credit Card Offers for New Businesses
The Blue Business Plus Credit Card from American Express is great for new businesses. It has no annual fee. Plus, you get 2X Membership Rewards points on the first $50,000 in yearly purchases. After that, you earn 1X points.
What’s really cool is the sign-up bonus. New users can get 15,000 Membership Rewards points by spending $3,000 in the first 3 months. This is a great way to boost your rewards early on. This card is perfect if you don’t spend a lot. It helps you earn rewards with no annual fee. Entrepreneurs and small business owners will find it very useful. The welcome offer and easy-to-use features make it a smart choice for many new businesses.
Business Credit Cards with No Annual Fee
Many top business credit cards like the Ink Business Unlimited Credit Card and The American Express Blue Business Cash Card don’t have an annual fee. The Blue Business® Plus Credit Card from American Express is also in this group. Not having an annual fee benefits businesses looking to cut costs.
| Card | Annual Fee | Key Features |
|---|---|---|
| Ink Business Unlimited® Credit Card | $0 |
|
| The American Express Blue Business Cash™ Card | $0 |
|
| Blue Business® Plus Credit Card from American Express | $0 |
|
Avoiding annual fees can help companies save money. That’s why these cards are appealing to many businesses.
Travel Rewards for Businesses
Choosing the right credit card matters a lot for business travel. It can help earn rewards and offer special benefits. Two top choices for business owners are the
Capital One Venture X Business
The Business Platinum Card® from American Express is specially made for business travel. It gives 5X points on flights and hotels when you book through Amex. For big buys over $5,000, you get 1.5X points. All other purchases earn 1X points. The card also includes bonus travel benefits like airport lounge access and up to $200 in airline fee credits every year.
The Capital One Venture X Business is great for companies that spend a lot but not in just one area. It offers 2X miles on every purchase, which is handy for different business expenses. This card also gives you a $200 travel credit yearly, plus covers your Global Entry or TSA PreCheck fees. You can also enjoy the benefits of the Venture X Lounge network by Capital One.
It’s important for business owners to consider their unique travel and spending habits. This way, they can choose a credit card that offers the best rewards and benefits. Such a card can help their company grow and be more successful.
Airline and Hotel Credit Card Offers
Specialized cards from airlines and hotels offer great rewards for companies that travel a lot. Among the top are the Southwest® Rapid Rewards® Performance Business Credit Card, the United Business Card, and the World of Hyatt Business Credit Card.
Southwest® Rapid Rewards® Performance Business Credit Card
The Southwest® Rapid Rewards® Performance Business Credit Card is perfect for frequent Southwest Airlines flyers. It gives 4X points on Southwest purchases and 3X points on certain partners. Plus, it offers rewards on rideshares and advertising. This means more free flights and travel perks for businesses.
United Business Card
The United℠ Business Card is great for those who fly United often. It earns 2X miles on United purchases. You also get a free bag check, priority boarding, and United Club passes.
World of Hyatt Business Credit Card
Staying at Hyatt hotels a lot? The World of Hyatt Business Credit Card is for you. It earns 4X points at Hyatt and has benefits like elite status. It also gets points on fitness memberships and some travel.
Business Credit Card Offers with Intro APR
Managing a business’s cash flow well is crucial. Having short-term financing options helps a lot. Two standout business credit cards are the Blue Business® Plus Credit Card from American Express and The American Express Blue Business Cash™ Card. They both have great introductory APR periods on purchases.
The Blue Business® Plus Credit Card from American Express
This card has no annual fee. It offers a 0% introductory APR on purchases for the first 12 months. After that, the variable APR ranges from 13.99% to 21.99%, depending on your credit and more. Additionally, it earns 2X Membership Rewards® points on the first $50,000 in purchases each year. This makes it a good choice for businesses with various spending needs.
The American Express Blue Business Cash™ Card
Just like the previous card, The American Express Blue Business Cash™ Card gives a 0% introductory APR on purchases for 12 months. Then, it goes to a variable APR of 13.99% to 21.99%, also depending on your specific situation. This card has no annual fee too. It allows you to earn 2% cash back on all eligible purchases up to $50,000 per year. After reaching $50,000, the cash back is at 1%.
Both cards offer a chance for businesses to manage their finances better. They let companies handle cash flow and pay for expenses short-term without high interest. This is all thanks to the special introductory APR periods.
Building Credit for Your Business
Building business credit is key to getting good financing and bigger credit lines later. The Capital One Spark Cash Plus and the Capital One Spark Miles Select for Business are great for this.
Capital One Spark Cash Plus
The Capital One Spark Cash Plus is perfect for growing your business’s credit. It gives rewards credit card 2% cash back on everything without any limits. You also get a credit card $500 cash bonus if you balance transfer spend $5,000 in the first 3 months.
Plus, it tells the main business credit agencies about your payments. This helps your credit score business credit grow.
Capital One Spark Miles Select for Business
Want a travel rewards card that helps your Business credit too? The Capital One Spark Miles Select for Business is for you. It earns 1.5 miles for every dollar spent, and there’s no annual fee. Just like the Spark Cash Plus, it shares your payment info with the big business credit agencies. This builds up your credit history, making your company look better to lenders.
Also Read: Optimize Your Credit Utilization For A Better Score
Conclusion
Businessmen have a lot of credit card options to choose from. They can pick cards that match their spending habits and goals. These cards offer cash back, bonuses, travel perks, and more. This variety lets business owners save money and earn more from their purchases.
It’s essential for business leaders to look closely at what their companies need when choosing a credit card. Whether they want simple cash back, rewards in specific categories, or top-notch benefits, there’s a card for everyone. For example, the Ink Business Unlimited® Credit Card offers 1.5% cash back. The Ink Business Cash® Credit Card rewards certain spending categories. And The Business Platinum Card® from American Express gives premium perks.
The many choices in credit cards show the finance industry’s understanding of small business needs. Businessmen can use these cards to run their operations more efficiently. They can also find new ways to save and earn rewards. This support helps businesses grow stronger, more financially flexible, and confident.
FAQs
Q: What are the best credit card offers for businessmen?
A: The best credit card offers for businessmen can vary based on individual needs and spending habits. Some popular options include cash back rewards credit cards, cash rewards cards, travel cards, and secured credit cards.
Q: How can I find the best cash back rewards credit card for 2024?
A: To find the best cash back rewards credit card for 2024, you can compare credit cards from different issuers and look for features like sign-up bonuses, rewards rates, and benefits tailored to your spending preferences.
Q: What is a balance transfer fee and how does it affect my credit card application?
A: A balance transfer fee is a fee charged when you transfer a balance from one credit card to another. It is important to consider this fee when applying for a credit card, as it can impact the overall cost of carrying a balance.
Q: Can I apply for a credit card with excellent credit online?
A: Yes, many credit card issuers allow you to apply for a credit card online. Having excellent credit can increase your chances of approval and may qualify you for better rewards and benefits.
Q: What are the benefits of the Chase Sapphire Preferred® card?
A: The Chase Sapphire Preferred® card offers a generous sign-up bonus, rewards for travel purchased through Chase, and other travel-related perks. It is a popular choice for frequent travelers with excellent credit.
Q: How can I build my credit with a secured credit card?
A: You can build your credit with a secured credit card by making on-time payments, keeping your balance low, and using the card responsibly. Secured credit cards are designed for individuals looking to establish or improve their credit history.
Q: What is the difference between a cash back credit card and a rewards credit card?
A: Cash back credit cards provide cash rewards on eligible purchases, while rewards credit cards offer points, miles, or other rewards that can be redeemed for travel, merchandise, or other benefits. Choose the type of card that aligns with your spending habits and preferences.
Source Links
- https://www.forbes.com/advisor/credit-cards/best/business/
- https://www.nerdwallet.com/best/credit-cards/small-business
- https://thepointsguy.com/credit-cards/business/