Congratulations! You took the leap, and now your startup is on its way to becoming the next big thing. Managing your finances is an essential part of any successful business, and that includes choosing the right business credit card. But with so many options available, how do you decide which one is best for your startup? In this article, we'll dive into the best business credit cards for startups, their unique benefits, and help you make an informed choice for your company's financial needs. So, keep reading and prepare to supercharge your finances with the perfect business credit card!
The Best Business Credit Cards For Startups Table of Contents
1. American Express® Blue Business Plus Credit Card
2. Chase Ink Business Unlimited® Credit Card
1. American Express® Blue Business Plus Credit Card
- No annual fee
- 0% introductory APR on purchases for the first 12 months
- Earn 2X Membership Rewards points on everyday business purchases up to $50,000 per calendar year
The American Express Blue Business Plus Credit Card is an excellent choice for startups because it comes with no annual fee and offers a 0% introductory APR on purchases. This allows you to finance your initial expenses without incurring any interest charges for the first 12 months. Plus, you'll earn rewards points for every dollar you spend, which can be redeemed for travel, merchandise, or statement credits.
2. Chase Ink Business Unlimited® Credit Card
- No annual fee
- 0% introductory APR on purchases for the first 12 months
- Earn unlimited 1.5% cash back on every purchase
The Chase Ink Business Unlimited Credit Card provides startups with a straightforward cashback rewards program. You'll earn 1.5% cash back on every purchase with no cap. This card also offers a 0% introductory APR on purchases for the first 12 months, giving you some financial breathing room as you build your business.
3. Capital One® Spark® Cash for Business
- $95 annual fee, waived the first year
- Earn a flat 2% cash back on all purchases
- One-time $500 cash bonus after spending $5,000 within the first three months
The Capital One Spark Cash for Business credit card offers a simple and generous cashback rewards structure. With a steady 2% cashback on all purchases, it's a great option for startups looking to maximize their rewards. Just keep in mind, there is a $95 annual fee, but it's waived for your first year.
4. The Business Platinum Card® from American Express
- $695 annual fee
- Best for startups with heavy travel needs
- Earn 5X Membership Rewards points on flights and prepaid hotels on amextravel.com, 1.5X points on each eligible purchase of $5,000 or more, and 1X points on everything else
If your startup requires frequent travel, the Business Platinum Card from American Express could be an excellent fit. With a higher annual fee, this card offers an impressive rewards program designed for frequent travelers. Additionally, cardholders receive access to various travel perks and luxury services.
The Best Business Credit Cards For Startups Example:
Imagine you own a tech startup that needs to purchase new equipment and travel frequently to meet with investors. You decide to apply for the American Express Blue Business Plus Credit Card and The Business Platinum Card from American Express.
For the first year, you can finance the equipment purchases using the Blue Business Plus Card with its 0% introductory APR. Simultaneously, you use The Business Platinum Card for booking flights and hotels, racking up rewards points and enjoying the added travel perks.
Choosing the best business credit card for your startup is an essential decision in managing your finances and optimizing your rewards. By considering factors such as fees, rewards programs, and your unique business needs, you'll find the card that propels your startup towards success.
If this guide helped you navigate the world of business credit cards, don't forget to share it with fellow entrepreneurs and startups! And remember, Flik Eco has a plethora of guides and articles to help manage your personal and business finances. So, keep exploring and empower your financial journey!
