Are you in the construction industry and looking for the perfect credit card to help you manage your expenses and grow your business? Fret not! In this informative blog post, we'll be exploring the best credit cards specifically tailored for construction professionals and businesses. We'll be breaking down the benefits and features of each card, so you can make an educated decision on which one is perfect for you.
Best Credit Cards For Construction Table of Contents
1. American Express Business Platinum Card
2. Capital One Spark Cash for Business
1. American Express Business Platinum Card
Benefits - Great for business owners and frequent travelers
- Earn 5X Membership Rewards points on flights and prepaid hotels purchased through amextravel.com.
- 1.5X points on eligible purchases in key business categories, as well as on purchases of $5,000 or more, up to 1 million additional points annually.
- Enjoy exclusive benefits at over 1,300 properties worldwide.
- Access to 1,300+ airport lounges in 140 countries, including The Centurion Lounge network.
- Annual fee: $695
2. Capital One Spark Cash for Business
Benefits - Simplifies rewards-earning and offers a high cash back rate
- Unlimited 2% cash back on all purchases.
- Earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first 3 months from account opening.
- No foreign transaction fees.
- Free employee cards that also earn cash back on all purchases.
- Annual fee: $0 intro for the first year, $95 after that.
3. Lowe's Business Rewards Card from American Express
Benefits - Excellent choice for businesses that frequently shop at Lowe's
- Earn 5% cash back on all purchases made at Lowe's.
- Receive 2X rewards points on purchases made at restaurants, office supply stores, and on wireless telephone services.
- 1X rewards point on all other purchases.
- Redeem points for Lowe's gift cards or American Express gift cards.
- No annual fee.
4. The Home Depot Commercial Account
Benefits - Ideal for businesses that require flexible payment options
- Get 60 days to pay with no interest, allows you to manage cash flow more effectively.
- Receive exclusive discounts and notifications of sale events.
- Track purchases made on your account through Pro Xtra.
- Free employee cards with individual spending limits.
- No annual fee.
Best Credit Cards For Construction Example:
Imagine you own a small construction company, and you find yourself purchasing materials and supplies from Lowe's on a regular basis. In such a scenario, the Lowe's Business Rewards Card from American Express would be an excellent option for you. Not only would you earn an impressive 5% cash back on all your Lowe's purchases, but you'd also benefit from the 2X rewards points on other common expenses like dining, office supplies, and wireless services.
Now that you have an understanding of the best credit cards suited for construction professionals and businesses, it's time to decide which one aligns with your needs and preferences. Remember, your choice of the credit card can make a significant difference in managing expenses and growing your business. Why not share this article with your colleagues and fellow construction industry professionals so they can also benefit from this wealth of information? Also, be sure to check out other finance guides and articles on Flik Eco for even more valuable insight and tips.
