How to Choose the Best Amex Business Card for Your Small Business

How to Choose the Best Amex Business Card for Your Small Business

As a small business owner, choosing the right credit card can be overwhelming, especially with so many options available in the market. However, American Express (Amex) business cards are an excellent choice due to their rewards and perks, such as cashback, points, and mileage, that help reduce your business expenses.

In this article, we are going to explore how to choose the best Amex business card for your small business.

Understand Your Business Needs

Before selecting the best Amex business card, you need to understand the unique needs of your business. This will help you choose the card that suits your business requirements.

For example, if you travel frequently for business, you may want to consider cards that offer travel rewards or airline miles. On the other hand, if you primarily purchase office supplies, office equipment, and other business-related expenses, you may want to consider cards that offer bonus points or cashback on such purchases.

Familiarize Yourself with the Available Amex Business Cards

Once you have understood your business needs, it is essential to research and familiarize yourself with the available Amex business cards. This will help you determine the cards that offer the best rewards and benefits for your business.

Amex business cards, such as the American Express Business Gold Card, American Express Blue Business Cash™ Card, and the American Express Plum® Card, offer rewards, cashback, and other benefits that cater to different business needs.

Compare the Benefits and Fees of Each Card

When comparing the different Amex business cards, look at the benefits and fees associated with each card. Some cards may have higher annual fees but offer better rewards, while others may have lower fees but fewer rewards.

Additionally, some cards may require a minimum spending amount to access rewards and benefits. Therefore, it is essential to compare the costs and benefits of each card to ensure you are getting the best value for your business.

Consider Your Business Credit Score

Amex business cards require a good business credit score for approval. Therefore, before applying for an Amex business card, it is crucial to check your business credit score and ensure it meets the required score.

If your business credit score is low, consider working on improving it before applying for an Amex business card to increase your chances of approval.

Conclusion

Choosing the best Amex business card for your small business involves understanding your business needs, familiarizing yourself with the available cards, comparing the benefits and fees, and being aware of your business credit score.

Selecting the right Amex business card can help you save money on your business expenses and earn rewards that will help grow your business. So, take your time, do your research, and choose the card that best suits your business needs.