As a realtor, you know all the hard work and hustle that goes into helping your clients buy or sell their homes. With so many responsibilities to juggle, it's crucial to have the right tools in your arsenal to streamline your business and maximize your profits. That's where business credit cards come in! These cards not only offer perks and rewards tailored for realtors, but they can also help you manage your cash flow and keep your business expenses organized. To help you find the perfect card to fit your needs, we've compiled a list of the best business credit cards for realtors.
Best Business Credit Cards For Realtors Table of Contents
1. Chase Ink Business Cash Credit Card
If you're looking for a card with a solid cash back reward plan, the Chase Ink Business Cash Credit Card is ideal for realtors. With no annual fee, this card offers:
- 5% cash back on office supply store purchases and internet, cable, and phone services (up to $25,000 annually)
- 2% cash back on gas station and restaurant purchases (up to $25,000 annually)
- 1% cash back on all other purchases
In addition to its generous cash back program, this card also has a 0% intro APR for the first 12 months on purchases, giving you some breathing room on your expenses.
2. American Express Blue Business Cash Card
Another great card for cash back rewards is the American Express Blue Business Cash Card. With no annual fee and a simple reward structure, this card is perfect for busy realtors:
- 2% cash back on all purchases up to $50,000 per year
- 1% cash back on all purchases after $50,000
With the American Express Blue Business Cash Card, you also have the option to spend beyond your credit limit when necessary, with the extra amount automatically rolling into your monthly payment.
3. Bank of America Business Advantage Travel Rewards World Mastercard
For realtors that find themselves traveling often for work, the Bank of America Business Advantage Travel Rewards World Mastercard is a fantastic option. With no annual fee and generous travel rewards, this card offers:
- 3 points per dollar spent on travel booked through the Bank of America Travel Center
- 1.5 points per dollar spent on all other purchases
- Flexible redemption options, including statement credits for travel expenses
With this card, you'll also have access to useful business tools, such as cash flow management and budgeting tools through the Bank of America online platform.
4. Capital One Spark Miles for Business
Ideal for realtors who prefer earning miles over cash back, the Capital One Spark Miles for Business card offers:
- 2 miles per dollar on every purchase, with no limits or category restrictions
- A one-time bonus of 50,000 miles after spending $4,500 within the first 3 months
The card has an annual fee of $95, but it's waived for the first year. Plus, it comes with benefits such as free employee cards and an easy-to-use rewards platform.
Best Business Credit Cards For Realtors Example:
Let's say you're a realtor who frequently travels for work, and you decide to go with the Bank of America Business Advantage Travel Rewards World Mastercard. You book flights, hotels, and rental cars through their Travel Center, earning 3 points per dollar spent.
In a year, you spend about $10,000 on travel, earning 30,000 reward points. You also spend an additional $30,000 on advertising, supplies, and other business expenses, earning 1.5 points per dollar or 45,000 points in total. With flexible redemption options, you can apply your 75,000 points to cover travel costs or receive cash back, helping you to save on business expenses, making it the perfect card for your real estate business.
Choosing the best business credit card for your real estate business can significantly impact your finances, earnings, and overall success. Explore the cards listed above and decide which one aligns best with your spending habits and needs. Don't forget to share this guide with your fellow realtors to help them find the perfect business credit card as well. For more personal finance and investing tips tailored to millennials, be sure to explore other guides on Flik Eco's website.