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Best Business Credit Cards for Startups in 2022

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Starting a new business is hard enough – you don’t need the added stress of wondering how you’re going to pay for everything. That’s where business credit cards come in. They can help startups establish and build their credit history, as well as provide access to special deals and rewards. In this blog post, we will discuss the best business credit cards for startups and what you should look for when choosing one. We’ll also provide a few tips on how to use your card wisely and get the most out of its benefits!

What Are Business Credit Cards?

Business credit cards are a type of credit card specifically designed for business purposes. They offer a number of features and benefits that can be helpful for businesses, including cash back rewards, points programs, and special financing options.

What Are The Different Types of Business Credit Cards?

There are a few different types of business credit cards, each with their own benefits and best suited for different businesses. The most common type is the general business credit card which can be used for any business purpose. Then there are also cards specifically designed for gas or travel expenses. And lastly, some cards offer rewards programs that give you cash back or points that can be redeemed for merchandise, travel, or other perks.

Let’s explore the different types of business credit cards and their best suited businesses:

General Business Credit Cards

These can be used for any business purpose

Speciality Business Credit Cards

Designed for gas or travel expenses, these are best suited for businesses with a lot of travel or fuel expenses

Rewards Business Credit Cards

These are best suited for businesses that want to earn cash back or points on purchases

What Are The Benefits of Business Credit Cards?

There are a few different benefits of using business credit cards. One benefit is that you can keep track of your business expenses more easily. This is helpful come tax time or if you need to review your spending habits. Another benefit is that you may get additional perks such as insurance, extended warranties, and cash back rewards. And lastly, using a business credit card can help build your business credit history.

What Are The Best Business Credit Cards for Startups

There are a few things to keep in mind when choosing a business credit card, such as the annual fee, APR, and rewards program. You’ll also want to make sure the card is accepted by your business’s vendors and suppliers.

Here are a few of the best business credit cards for startups in 2022:

Blue Business® Plus Credit Card

The Blue Business® Plus Credit Card from American Express offers 0% APR on purchases and balance transfers for the first 15 months (then a variable APR of 14.99% – 21.99%). You’ll also earn two Membership Rewards® points per $0 on the first $50,000 spent in eligible purchases each year (then one point per dollar). There’s no annual fee.

CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

The CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® offers a welcome bonus of 70,000 American Airlines AAdvantage miles after spending $0 in the first four months. You’ll also earn two miles per dollar spent on American Airlines purchases and one mile per dollar spent on everything else. There’s a $95 annual fee.

Ink Business Cash Credit Card

The Ink Business Cash Credit Card offers a welcome bonus of 0% APR for 12 months on purchases and balance transfers (then a variable APR of 14.49% – 21.49%). You’ll also earn five percent cash back on the first $25,000 spent in eligible purchases at office supply stores and on internet, cable, and phone services each year (then one percent). There’s no annual fee.

Capital One® Spark® Cash

The Capital One® Spark® Cash for Business offers a welcome bonus of 200% cash back on the first $500 spent in eligible purchases within the first three months (a $200 value). You’ll also earn two percent cash back on every purchase after that. There’s a $95 annual fee.

These are just a few of the best business credit cards for startups in 2022. Be sure to compare features and benefits to find the best card for your business needs.

How to get a Credit Card With a Startup Business

If you’re like most people, you probably think that getting a credit card is something that requires a long history of good credit. However, this isn’t necessarily the case – especially if you’re a startup business. In fact, there are several business credit cards specifically designed for startups. So, if you’re in the process of starting a new business, here are the best business credit cards for startups in 2022:

  • The Chase Ink Business Cash Credit Card: This is an ideal option for businesses that have a lot of expenses – such as office supplies and advertising. With this card, you’ll earn cash back on all of your purchases (up to $500 per year). Plus, there’s no annual fee.
  • The Capital One Spark Cash for Business: This is another great option for businesses with a lot of expenses. With this card, you’ll earn unlimited cash back on all of your purchases – with no annual fee.
  • The American Express Blue Business Plus Credit Card: This is a good choice for businesses that accept American Express cards. With this card, you’ll earn double points on all of your business expenses – and there’s no annual fee.
  • The Discover it Business Card: This is an excellent choice for businesses that want to build their credit history. With this card, you’ll get 0% APR for the first year (on purchases and balance transfers) – and there’s no annual fee.        

How Decide Which Type of Business Credit Card You Want

There are a few different types of business credit cards, and the best one for you will depend on your business needs. If you travel often for business, you’ll want a card that offers rewards like free airfare or hotel stays. If you have a lot of expenses, you’ll want a card with a low interest rate. And if you’re just starting out, you may want a card with no annual fee.

Once you’ve decided what type of business credit card is best for your needs, it’s time to compare features and benefits to find the best fit. Here are some things to look for:

Rewards Programs

Most business credit cards offer some sort of rewards program, whether it’s cash back, points, or miles. Compare the different programs to see which one will give you the most value.

Interest Rates

If you carry a balance on your business credit card, you’ll want to look for a card with a low interest rate. Otherwise, you’ll end up paying more in interest than you earn in rewards.

Annual Fees

Some business credit cards come with an annual fee, while others do not. If you’re just starting out, you may want to avoid cards with an annual fee so that you can keep your costs down.

Best Credit Card for Young Adults and Professionals With a Startup Business

For young adults and professionals with a startup business, the best credit card is the Business Platinum Card® from American Express.

This card offers a welcome bonus of 75,000 Membership Rewards® points after you spend $15,000 on eligible purchases within the first three months of account opening.

With this card, you’ll earn five times the Membership Rewards points on flights and prepaid hotels booked through amextravel.com. You’ll also get access to exclusive benefits like airport lounge access and a $200 annual airline fee credit. Plus, there’s no annual fee for your first year of membership.

How Many Business Credit Cards Should Startups Have?

The number of business credit cards a startup should have depends on the size and needs of the business. For example, a small startup with only a few employees may only need one or two business credit cards to cover expenses. A larger startup with more employees and multiple locations may need several business credit cards to manage all of their expenses. The best way to determine how many business credit cards your startup needs is to assess your company’s spending habits and find a card that best suits your needs.

What Credit Limit Do Business Credit Cards Have?

Most business credit cards have a much higher credit limit than personal credit cards. For example, the average business credit card limit is $50,000, while the average personal credit card limit is only $22,000. This higher limit can give your business the financial flexibility it needs to make large purchases or take advantage of 0% APR introductory offers.

Another benefit of business credit cards is that they often come with rewards programs that can save you money on travel and other expenses. For example, many business credit cards offer rewards like cash back on office supplies or gas purchases. Some even offer free air miles for every dollar you spend. These rewards can add up quickly and save you a significant amount of money over time.

Do Business Credit Cards for Startup Report to The Three Major Credit Bureaus?

The best business credit cards for startups will report to the three major credit bureaus: Experian, Equifax, and TransUnion. This is important because it will help build your business’s credit history.

Business credit cards can be a great way to finance your startup. They offer flexibility and rewards that can help you save money and grow your business. But with so many options available, it can be difficult to choose the right card for your needs.

What is The Best Way to Use a Business Credit Card?

If you are a small business owner, you may be wondering if a business credit card is right for you. The answer is that it depends on your business needs and spending habits. Business credit cards can be a great way to manage your business expenses, but they can also be a financial burden if not used wisely.

Here are a few tips on how to use a business credit card:

  • Use your business credit card for business expenses only. This will help you keep track of your spending and ensure that you are only using your card for legitimate business purposes.
  • Pay off your balance in full each month. This will help you avoid interest charges and keep your credit score healthy.
  • Keep an eye on your credit limit. It is important to know your credit limit so that you can avoid exceeding it and damaging your credit score.

If you follow these tips, using a business credit card can be a great way to manage your business expenses. Just make sure to use it wisely!

Do The Best Business Credit Cards for Startups Have Any Annual Fees?

The best business credit cards for startups usually don’t have any annual fees. In fact, most of the best business credit cards for startups have no annual fees at all. This is because startups are typically small businesses with low revenue and profit margins. Therefore, it doesn’t make sense to pay an annual fee for a business credit card when there are so many other expenses that need to be covered.

Another reason why the best business credit cards for startups don’t have annual fees is because they typically offer very generous rewards programs. For example, some of the best business credit cards for startups offer cash back on all purchases, while others offer points or miles that can be redeemed for travel or merchandise. Therefore, there’s no need to pay an annual fee when you can earn rewards that more than offset the cost.

Do The Best Business Credit Cards for Startups Have Rewards Programs?

The best business credit cards for startups will offer rewards programs that can save you money. These programs can be used to offset the costs of travel, office supplies, and other business expenses. Many of these cards also offer cash back or points that can be redeemed for merchandise or gift cards. If your startup is looking for a way to save money, consider a business credit card with a rewards program.

Do The Best Business Credit Cards for Startups Offer 0% APR?

Yes, many of the best business credit cards for startups offer 0% APR on purchases and balance transfers. This introductory rate can help you save money on interest charges while you’re getting your business off the ground. However, it’s important to read the fine print before you apply for a card, as some 0% APR offers come with strict terms and conditions.

Do The Best Business Credit Cards for Startups Come With Sign-Up Bonuses?

Sign-up bonuses are becoming increasingly common on business credit cards. These bonuses can range from cash back to points that can be redeemed for travel or merchandise. If you’re looking for a way to get more value out of your business credit card, consider one that comes with a sign-up bonus. However, make sure you read the terms and conditions of the bonus before you apply, as some cards have strict requirements that must be met in order to receive the bonus.

What Are The Benefits of Having a Business Credit Card?

There are numerous benefits of having a business credit card including building your business credit history, getting rewarded for your spending, and having a line of credit available in case of emergencies.

Building your business credit history is important because it shows future lenders that you are responsible with credit. This can help you get approved for loans and lines of credit in the future.

Getting rewarded for your spending is another great benefit of business credit cards. Many cards offer cash back or points on purchases which can be redeemed for travel, merchandise, or other perks.

Lastly, having a line of credit available can be helpful in case of emergencies. This can give you peace of mind knowing that you have access to funds if something unexpected comes up.

Some additional benefits of using business credit cards are:

  • You can keep track of your business expenses more easily
  • You may get additional perks such as insurance, extended warranties, and cash back rewards
  • Using a business credit card can help build your business credit history.

How to Avoid Credit Card Debt as a Startup?

The best way to avoid credit card debt as a startup is to use your business credit card wisely. You can do this by using your business credit card for business expenses only and by paying off your balance in full each month. If you can’t pay off your balance in full, try to keep your balance below 30% of your credit limit. This will help you avoid paying interest on your balances and will help you improve your credit score.

Another way to avoid credit card debt as a startup is to choose a business credit card with a low interest rate. There are many business credit cards with introductory rates as low as 0%. If you carry a balance on your business credit card, be sure to pay it off before the intro period expires.

You can also avoid credit card debt as a startup by using a business credit card with rewards. Many business credit cards offer cash back or points that can be redeemed for travel or merchandise. You can use these rewards to offset the costs of your business expenses.

Finally, you can avoid credit card debt as a startup by choosing a business credit card with no annual fee. There are many business credit cards that have no annual fee, so you don’t need to worry about paying an annual fee just to keep your account open.

To sum it up, the best way to avoid credit card debt as a startup is to use your business credit card wisely and choose a card with perks that fit your spending habits.

Best Business Credit Cards for Startups With Bad Credit

If you’re a startup with bad credit, you might think that getting a business credit card is out of the question. However, there are actually a few business credit cards for startups with bad credit. Here are some of the best options:

  • The Capital One Spark Classic for Business. This card offers 0% APR on purchases and balance transfers for the first nine months, and there’s no annual fee.
  • The Blue Business Plus Credit Card from American Express. This card has no annual fee and offers 0% APR on purchases and balance transfers for the first 15 months.
  • The Ink Business Cash Credit Card from Chase. This card offers 0% APR on purchases and balance transfers for the first 15 months, and there’s no annual fee.
  • The Wells Fargo Business Secured Credit Card. This card requires a security deposit, but it offers 0% APR on purchases and balance transfers for the first 12 months.

If you have bad credit, you might have to pay a higher interest rate or annual fee than someone with good credit. However, there are still some good options out there for business credit cards for startups with bad credit. Do your research and find the best card for your needs.

Best Business Credit Cards for Startups With No Credit History

If you’re a startup with no credit history, you may feel like you’re at a disadvantage when it comes to finding the best business credit card. However, there are plenty of options out there for startups with no credit history. Here are some of the best business credit cards for startups with no credit history:

The Blue Business Plus Credit Card from American Express: This card is a great option for businesses that don’t have a lot of expenses. It has no annual fee and offers 0% APR on purchases for the first 12 months.

Capital One® Spark® Cash for Business: This card is a good option for businesses that spend a lot on advertising and travel. It offers cash back rewards and has no annual fee.

Chase Ink Business Cash: This card is a good option for businesses that have a lot of expenses. It offers cash back rewards and has no annual fee.

Discover it® Business Card: This card is a great option for businesses that want to earn cash back rewards. It offers up to five percent cash back on business expenses and has no annual fee.

These are just some of the best business credit cards for startups with no credit history. If you’re a startup with no credit history, don’t despair – there are plenty of options out there for you!

What Is the Best Business Credit Card for a Small Business?

The best business credit card for a small business is the one that best meets the specific needs of your company. There are many different types of business credit cards available, so it’s important to compare and find the one that offers the most benefits for your business.

Here are some factors to consider when choosing a business credit card:

  • Do you need a low interest rate?
  • Are you looking for cash back or rewards points?
  • Does the card have an annual fee?
  • What is the credit limit?
  • Is there a grace period for late payments?
  • How easy is it to use the card online and in person?

When you’ve considered all of these factors, you’ll be able to choose the best business credit card for your small business.

How Do I Build My Business Credit for the First Time?

If you’re starting a business from scratch, you’ll need to build your business credit profile from the ground up. This can be a daunting task, but there are a few steps you can take to get started:

  • Get an Employer Identification Number (EIN) from the IRS. This is required for any business that wants to establish credit. You can apply for an EIN online, by fax, or by mail.
  • Register with the major business credit reporting agencies. These include Dun & Bradstreet, Experian Business, and Equifax Small Business. You’ll need to provide your EIN and some basic information about your business.
  • Start applying for credit products in your company’s name. This could include business credit cards, business loans, and vendor lines of credit. You may not be approved for everything at first, but as you build up your history of responsible credit management, you’ll become more attractive to lenders.

These are just a few steps you can take to start building your business credit profile. By following these tips, you’ll be on your way to securing the best possible financing for your startup.

Can a New Business Get A Amex Card?

The best business credit card for a startup is the Amex Blue Business Cash™ Card from American Express. With no annual fee and a 0% APR on purchases for the first 12 months, this card is perfect for new businesses that are still getting off the ground. Plus, you’ll earn cash back on every purchase, which can help your business save money.

Other good options for business credit cards include the Chase Ink Business Preferred® Credit Card and the Capital One® Spark® Cash for Business. Both of these cards offer rewards that can be used to offset business expenses, and they come with relatively low interest rates. If you’re looking for a card with no annual fee, the Capital One® Spark® Classic for Business is a good option.

Can a New UK Limited Company Get a Credit Card?

The best business credit cards for startups in the UK are those that offer low interest rates and high limits. However, it can be difficult to get a credit card as a new company. The best way to increase your chances of getting approved for a business credit card is by building up your business credit history. This can be done by making on-time payments to suppliers and creditors, and by using a business credit monitoring service. Once you have built up your business credit history, you will be able to apply for a business credit card with better terms and conditions. Startups should also look for business credit cards that offer cash back or rewards programs, as these can help save money on everyday expenses.

Is It Easier to Qualify for a Business Credit Card?

There are a few key factors to consider when trying to qualify for a business credit card. The first is your personal credit score. Startups often have young founders with little to no established credit history. This can make qualifying for a business credit card more difficult than it would be for an individual with an excellent personal credit score.

Another factor to consider is the type of business you have. A startup that has been in business for less than two years will likely have a harder time qualifying for a business credit card than an established small business. The best way to increase your chances of qualifying for a business credit card is by demonstrating strong financials, such as consistent revenue growth and profitability.

What Is the Easiest Business Credit Card to Get?

The best business credit card for startups is the one that best meets your needs. However, if you’re just starting out, you might not be sure what those needs are. That’s where this guide comes in. We’ll help you understand the different types of business credit cards and which ones are most likely to approve your application.

There are a few things to keep in mind when you’re applying for a business credit card. First, make sure you have a good personal credit score. The higher your score, the better your chances of getting approved. Second, consider whether you want a rewards card or a low interest card. Rewards cards usually have higher interest rates, so they may not be the best choice if you’re carrying a balance. Finally, make sure you have a clear understanding of your business’s finances. This will help you choose the right card for your needs.

 

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About Jermaine Hagan (The Plantsman)

Jermaine Hagan, also known as The Plantsman is the Founder of Flik Eco. Jermaine is the perfect hybrid of personal finance expert and nemophilist. On a mission to make personal finance simple and accessible, Jermaine uses his inside knowledge to help the average Joe, Kwame or Sarah to improve their lives. Before founding Flik Eco, Jermaine managed teams across several large financial companies, including Equifax, Admiral Plc, New Wave Capital & HSBC. He has been featured in several large publications including BBC, The Guardian & The Times.

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