Introduction
As a new entrepreneur, it can be challenging to choose the right credit card for your small business. With so many options available, it’s important to consider the rewards, fees, and credit limit before making a decision. In this article, we will discuss the top 5 best small business credit cards for new entrepreneurs.
1. Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is a popular choice for small business owners. It offers 3X points per $1 on the first $150,000 spent on travel, shipping purchases, internet, cable, and phone services, and advertising purchases made with social media sites and search engines. In addition, there is a sign-up bonus of 100,000 points when you spend $15,000 in the first 3 months. The annual fee is $95, and there are no foreign transaction fees.
2. Capital One Spark Cash for Business
The Capital One Spark Cash for Business credit card is ideal for small business owners who want simplicity. It offers unlimited 2% cash back on all purchases, and there is no limit to how much you can earn. In addition, there is a sign-up bonus of $500 when you spend $4,500 in the first 3 months. The annual fee is $0 for the first year and $95 after that, and there are no foreign transaction fees.
3. American Express Business Gold Card
The American Express Business Gold Card is another great option for small business owners. It offers 4X points per $1 on the two select categories where your business spent the most each billing cycle, up to $150,000 per year in combined purchases. The categories include airfare, advertising purchases made with social media sites and search engines, gas stations, restaurants, shipping, and computer hardware, software, and cloud computing purchases made directly from select providers. In addition, there is a sign-up bonus of 35,000 points when you spend $5,000 in the first 3 months. The annual fee is $295, and there are no foreign transaction fees.
4. CitiBusiness/AAdvantage Platinum Select World Mastercard
The CitiBusiness/AAdvantage Platinum Select World Mastercard is perfect for small business owners who frequently travel. It offers 2X miles per $1 on American Airlines purchases, telecommunications merchants, cable and satellite providers, car rental merchants, and gas stations. In addition, there is a sign-up bonus of 65,000 miles when you spend $4,000 in the first 4 months. The annual fee is $99, and there are no foreign transaction fees.
5. Marriott Bonvoy Business American Express Card
The Marriott Bonvoy Business American Express Card is ideal for small business owners who frequently stay at Marriott hotels. It offers 6X points per $1 at participating Marriott Bonvoy hotels, 4X points at U.S. restaurants, U.S. gas stations, U.S. shipping purchases, and wireless telephone services purchased directly from U.S. service providers, and 2X points on all other eligible purchases. In addition, there is a sign-up bonus of 75,000 points when you spend $3,000 in the first 3 months. The annual fee is $125, and there are no foreign transaction fees.
Conclusion
When it comes to choosing the best credit card for your small business, it’s important to consider your business needs. The top 5 best small business credit cards for new entrepreneurs all offer rewards, sign-up bonuses, and affordable annual fees. By choosing the right credit card, you can maximize your rewards and build your business credit.
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