Starting a new business? With all the hustle and bustle of setting everything up, it’s essential to choose the right business credit card to help get your venture off the ground. The perfect business credit card should not only provide easy access to credit but also offer generous rewards and useful perks. In this article, we’ll break down the best business credit cards for new businesses, so you can choose the one that suits your needs and kickstart your journey to success.
Best Business Credit Cards For New Businesses Table of Contents
1. Chase Ink Business Preferred
1. Chase Ink Business Preferred
Top Features:
- Earn 3 points per dollar on travel and select business categories
- Earn 1 point per dollar on all other purchases
- Redeem points for travel, cash back, and gift cards
- No foreign transaction fees
- Cell phone protection
Annual Fee: $95
The Chase Ink Business Preferred is an excellent choice for a new business, as it offers a high points-earning rate for categories such as travel, shipping, internet, cable and phone services, and advertising. Plus, you can redeem points for various rewards, including travel, cash back, and gift cards. Furthermore, the cell phone protection included in this card offers peace of mind for keeping your business communication secure.
2. American Express Blue Business Cash
Top Features:
- Earn 2% cash back on the first $50,000 in annual purchases
- 1% cash back on all other purchases
- Introductory 0% APR on purchases for the first 12 months
- Expanded buying power
- Free employee cards
Annual Fee: $0
Ideal for business owners who prefer cash back to points, the Amex Blue Business Cash card offers a solid 2% cashback rate on the first $50,000 in annual purchases. Additionally, it comes with introductory 0% APR on purchases for the first year, allowing you to finance early expenses without interest. The expanded buying power feature also gives the flexibility to spend beyond your credit limit when necessary.
3. Capital One Spark Cash for Business
Top Features:
- Earn unlimited 2% cash back on all purchases
- Flexible redemption options
- Free employee cards
- No foreign transaction fees
Annual Fee: $0 intro for the first year, then $95
For those looking for an uncomplicated cash back program, the Capital One Spark Cash for Business offers a flat 2% cash back on all purchases, making it easier to manage your rewards. This card comes with no foreign transaction fees, making it a great option for businesses with international transactions.
Best Business Credit Cards For New Businesses Example:
Imagine you own a small marketing agency with a focus on digital advertising as your new business. The Chase Ink Business Preferred card would be an excellent option, earning 3 points per dollar on advertising. You can use these rewards to book airfare for client meetings or redeem them for gift cards or cash back. Additionally, the cell phone protection ensures that your team's devices are covered in case of damage or theft.
With various business credit cards available, it's essential to choose the one that fits your new business's unique needs. Don't be afraid to compare and contrast each card's features, rewards, and perks. Whichever card you choose, make sure it not only benefits your spending but also supports your business growth.
Please share this article with fellow entrepreneurs looking for the perfect business credit card, and explore Flik Eco for more guides and tips on managing your business's finances.
