Best Business Credit Cards For Startups 2022
Here are the Business Credit Cards for Startups!
A business credit card is an ultimate tool for access to the credit you need to grow your business.
Business credit cards aren’t just limited to large enterprises: Many savvy freelancers, startups, and sole-proprietors are excellent candidates for a small business credit card.
The best card for you depends on what you’re looking for and what your business needs.
Best for no personal guarantee:
The Brex Card is a consideration for businesses that are already capitalized but do not have a lengthy credit history.
The Brex card doesn’t require the cardholder to personally guarantee the debt on the card, though you do need a minimum of $100,000 in your corporate bank account to be eligible for this card.
The Brex card has a $0 annual fee.
This is technically a corporate card.
Best for building business credit:
Capital One Spark Classic for Business
It offers a basic 1% cashback on every purchase, an annual fee of $0, and no foreign transaction fees.
This is one of the very few small-business cards that’s marketed to those with fair or average credit.
It is the only one marketed to entrepreneurs with fair credit, with credit scores of 630 to 689.
If you have fair credit and are seeking a business credit card, the Capital One Spark Classic for Business is a solid option. Beware if you tend to carry a balance, however. The high APR will make that expensive.
Best for Business trips:
The Business Platinum Card from American Express
The card gives you five points for every $1 spent on flights and prepaid hotels booked through amextravel.com, and 1.5 points for every eligible purchase of $5,000 or more and eligible purchases in select business categories (on up to $2 million in purchases per year). And you’ll get one point for every $1 spent on purchases.
The card comes with American Express Global Lounge Collection access.
You’ll get 50% more points on purchases of $5,000 or more (1.5 points per $1 spent).
Unless you spend a lot on travel, The Business Platinum Card from American Express isn’t a rewards powerhouse. The card offers just one point per $1 on most purchases.
The Business Platinum Card from American Express is a complex card with a high annual fee.
While the card offers a suite of premium perks, it’s probably not worth it for business owners who don’t travel often enough to maximize the card’s value.
Best for simple cashback:
Ink Business Unlimited Credit Card
The Ink Business Unlimited Credit Card allows you to spend more time growing your business and less time optimizing rewards.
Instead of trying to keep up with a complicated rewards structure, you can stay focused on the things that matter to your business.
It may be helpful for business owners who want to offset expenses with simple cashback that helps them stay focused on running their company.
It is a competitive no-annual-fee business credit card that allows card members to earn unlimited 1.5% cashback on every purchase.
It has a foreign transaction fee and doesn’t offer bonus spending categories.
Best for getting the word out about getting your new business:
Ink Business Preferred Credit Card
It can help you spread the word about your new business.
It comes with a $95 annual fee.
It’s a basic travel rewards card for business owners that comes with standard features like cellphone protection, trip cancellation or interruption insurance, and a $0 foreign transaction fee.
Cardmembers can earn 3 points per dollar on the first $150,000 spent on travel, shipping, internet, cable and phone services, and advertising purchases on social media and search engines.
Best for online retailers:
American Express Business Gold Card
The American Express Business Gold Card offers a unique and tailored approach for businesses to generate 4 points per dollar automatically on eligible expense categories that they spend the most during each billing cycle.
It offers four Membership Rewards points for every $1 you spend (on up to $150,000 in combined purchases each year) in two of the card issuer’s specified categories in which you spend the most each month (and one point per $1 in the issuer’s other spending categories). After you hit the $150,000 limit, you’ll earn one point per $1.
Cardmembers can redeem points to book flights through American Express Travel using Membership Rewards Pay with Points and get 25% of those points back (up to 250,000 points back in a calendar year).
Best for employee cards:
Ink Business Cash Credit Card
If your business’s spending matches the bonus categories on the Ink Business Cash® Credit Card, you can rack up some serious cashback.
It charges a $0 annual fee, and it also waives the fee that some business credit cards charge for employee cards.
It features a $750 bonus cash back after you spend $7,500 on purchases during the first 3 months after account opening. You’ll also get 5% cashback (on up to $25,000 spent in combined purchases each account anniversary year) at office supply stores and on internet, phone, and cable services (then 1% back).
Best for borrowing money:
The Blue Business Plus Credit Card from American Express
It is an excellent choice for small-business owners.
It offers two Membership Rewards points on everyday business purchases you make up to $50,000 per year. After that, you’ll earn one point per $1.
When you first get the card, you’ll receive a 0% introductory APR on purchases for 12 months from account opening.
It has a straightforward offering, making it an excellent choice for new business owners and businesses that don’t have a lot of expenses.
Opening a business card is a good way to build business credit. But even though you’re applying for a business credit card, the issuer may still check your credit scores. This means that your credit could play a role in whether you’re approved for the business card — and it could also be affected by your use of the card.
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