As a startup founder or small business owner, you know how essential it is to keep your finances in check. One of the critical tools you can use to manage cash flow, monitor expenses, and earn rewards is the right business credit card. But with dozens of options available, it can be challenging to choose the best card for your company. That's where Flik Eco comes in! In this guide, we'll walk you through the best small business credit cards for startups, so you can find the perfect fit for your growing enterprise.
Best Small Business Credit Cards For Startups Table of Contents
Chase Ink Business Preferred Credit Card
For startups looking for big rewards on their business spending, the Chase Ink Business Preferred Credit Card is an excellent choice. Here's why:
- Earn 3 points per dollar spent on travel, shipping, internet, cable, phone services, and advertising purchases with social media and search engines, up to $150,000 annually. All other purchases earn 1 point per dollar spent.
- No foreign transaction fees - perfect for international business.
- Flexible travel redemption options with Chase Ultimate Rewards, including 1.25 cents per point value when booking through the Chase portal.
- Sign-up bonus: Earn 100,000 bonus points after spending $15,000 in the first three months.
American Express Blue Business Plus
For startups that prefer a no-annual-fee credit card, the American Express Blue Business Plus offers great value and flexibility:
- Earn 2 Membership Rewards points per dollar spent for the first $50,000 annually, then 1 point per dollar spent thereafter. Use points for travel, statement credits, gift cards, and more!
- 0% introductory APR on purchases and balance transfers for 12 months, then a variable APR based on your creditworthiness.
- Track and manage your expenses with the Spend Manager mobile app.
Capital One Spark Cash for Business
For startups that prioritize straightforward cashback, the Capital One Spark Cash for Business offers a simple and rewarding option:
- Earn unlimited 2% cashback on every purchase, with no categories or spending caps to worry about.
- $95 annual fee waived for the first year.
- Receive a one-time $500 cash bonus after spending $4,500 in the first three months.
- Free employee cards, and earn cashback on all their purchases.
- No foreign transaction fees.
Best Small Business Credit Cards For Startups Example:
Imagine you run a startup with an annual budget of $100,000. You spend $50,000 on travel, shipping, internet, and advertising costs, and $50,000 on other purchases. With the Chase Ink Business Preferred Credit Card, you'd earn 150,000 points on those combined purchases. With the 1.25 cents per point value, this equates to $1,875 in travel rewards. Plus, you'd earn the 100,000 point sign-up bonus, adding another $1,250 in travel value. On top of that, you'd enjoy the benefits of no foreign transaction fees and flexible travel options with Chase Ultimate Rewards.
In contrast, if you used the American Express Blue Business Plus, you'd earn 100,000 Membership Rewards points on your $100,000 spending ($50,000 at 2 points per dollar and $50,000 at 1 point per dollar). This could be redeemed for various rewards, including travel, statement credits, or gift cards.
For the Capital One Spark Cash for Business, you'd earn a straightforward 2% cashback ($2,000) on your $100,000 spending, as well as the $500 cash bonus.
Now that you know the top small business credit cards for startups, it's time to make an informed decision on which card aligns best with your company's needs and spending habits. Remember to consider factors such as rewards, fees, APR, and additional benefits when selecting your best fit. When you're ready to take charge of your startup's finances, don't forget to explore other guides on Flik Eco for advice on savings, investing, and money management.
So why wait? Share this article with your fellow entrepreneurs and business owners, and let them know which card you think is the best fit for your startup. Your financial future is in your hands, so make it count!
