Starting a new business can be both exciting and daunting. One thing that many startups need is access to credit for necessary expenses and cash flow management. That's where the right business credit card can make all the difference. Are you a startup owner looking for a simple and easy-to-understand guide on the best business credit cards for your company? Look no further! In this article, we will explore the top business credit cards for startups and break down their features in relatable terms, making it easier for you to choose the perfect card for your needs.
Easy Business Credit Cards For Startups Table of Contents
Top 5 Easy Business Credit Cards for Startups
1. Chase Ink Business Unlimited® Credit Card
- 0% introductory APR for 12 months, then 13.24% - 19.24% variable APR
- Unlimited 1.5% cash back on all purchases
- No annual fee
- $750 bonus cash back after spending $7,500 in the first three months
2. American Express Blue Business Cash™ Card
- 0% introductory APR for 12 months, then 13.24% - 19.24% variable APR
- 2% cash back on the first $50,000 in purchases per year; 1% cash back thereafter
- No annual fee
- Expandable buying power to cover larger purchases
3. Capital One Spark Cash for Business
- Unlimited 2% cash back on all purchases
- $500 cash bonus after spending $4,500 in the first three months
- $0 annual fee for the first year; $95 annual fee thereafter
- Free employee cards with customizable spending limits
4. Wells Fargo Business Platinum Credit Card
- 0% introductory APR for 9 months, then 11.24% - 21.24% variable APR
- 1.5% cash back on all purchases or 1 point per dollar with a 1,000-point bonus after $1,000 in spend per billing period
- No annual fee
- $300 cash back bonus after spending $3,000 within the first three months
5. Bank of America® Business Advantage Cash Rewards Mastercard®
- 0% introductory APR for 9 billing cycles, then 12.24% - 22.24% variable APR
- 3% cash back on your choice of a category, 2% back on dining, and unlimited 1% back on all other purchases, up to $50,000 in combined spending annually
- No annual fee
- $300 statement credit after spending $3,000 within the first 90 days
Easy Business Credit Cards For Startups Example:
Let's say you have just launched your startup and require a business credit card primarily for purchasing office supplies and tech equipment. In this case, the American Express Blue Business Cash™ Card may be the best choice for you due to the 2% cash back it offers on the first $50,000 in purchases per year. Additionally, the expandable buying power feature allows you to make larger purchases when needed, giving you extra flexibility.
Starting a new business is a thrilling journey, and having the right credit card to fuel your venture is essential. We hope our guide on the top 5 easy business credit cards for startups has made the selection process simpler for you. Don't forget to share this article with fellow startup owners and explore more financial guides on Flik Eco to pave your way to success. Happy entrepreneuring!
