The Top Three Reward Credit Cards for Businesses
Business owners put everything they can into their exciting ventures, including credit card rewards. Every point, mile, and dollar can help a small business grow into its potential. Business credit cards that offer rewards help business owners keep track of expenses, maximize the purchasing dollar, and help save money on interest charges each year. Each of the business reward credit cards featured here provide ideal combinations of annual fees, interest rates, and bonus offers that appeal to the discerning business person. While some rewards include travel, others can be cash back or points to spend on expenses, like advertising, fuel, and office supplies. The top three reward credit cards for businesses include The Business Platinum® Card from American Express OPEN, the Capital One Spark Cash for Business and the Ink Business Cash Credit Card. Read on to find out what you need to know about these business-centered rewards credit cards.
The Business Platinum® Card from American Express OPEN is ideal for the jet-setting business owner. This reward credit card has many travel-related advantages, earning 5 points on prepaid hotels and flights booked through the American Express Travel website. Other points include 1.5 per dollar on purchases of $5,000 or more and 1 point per dollar on all other purchases. The welcome bonus for signing up includes 50,000 Membership Rewards points after $10,000 in expenditures and 50,000 more points after an additional $15,000 on purchases during the first three months of using the card. The annual fee is $450 and the balance must be paid each month to avoid high fees. The rewards points can be redeemed for gift cards, charitable donations, merchandise, and travel, among others. This card is ideal for business owners who travel for their organizations.
The Capital One Spark Cash for Business is like a sedan: affordable, reliable, and stable. This is a great card for business owners who don't travel very much and who need a simple credit card that offers cash back incentives for every purchase made for the business. There is no 0% interest period, and the interest rate is 18.49% Variable APR. The annual fee is $0 for one year, then $95 for every year after that. When signing up, business owners get a one-time $500 cash bonus after spending $4,500 during the first three months of having the account. Every purchase made with the card earns 2% cash back, and this is unlimited. The rewards are easy to redeem and don't expire as long as the account remains in good standing.
The Ink Business Cash Credit Card offers many advantages, especially for small business owners. First off, there is no annual fee but there are still high rewards, including cash back. New customers earn $500 bonus cash back after spending $3,000 minimum on purchases during the first three months of having the card. Fortunately, business owners can get employee cards at no extra charge. This card also comes with 0% APR on purchases and balance transfers for 12 months, making it an ideal way to make a big business purchase and float the debt for a bit. This card also comes with 5% cash back on business expenditures, and is a solid way for smaller businesses to pay for office supplies and telecom/cable services. In addition to the 5% cash back, customers get 2% on restaurants and gas (up to $25,000) and 1% on all other purchases. After 12 months, the variable interest rate is between 14.74% and 20.74%.