Business Credit Cards: Business Solutions

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Most cards that let you apply online will let you know right away if you are approved. Occasionally the bank may want additional information before giving you a credit line, but if it’s a “yes”, you’ll usually learn when you apply. Establishing business credit can be difficult, and some cards will require a personal guarantee. This means an individual will be held liable for any balances left unpaid on the card.

Why use a small business credit card instead of a personal card?

Once you start making regular credit card charges for your company, then you can consider getting a small-business card to keep the charges separate. You might also consider getting a small-business card for the benefits. For example, airline cards for small-business owners can offer perks like priority boarding and a free checked bag. Small-business credit cards are great at helping you to track your expenses and come up with quarterly and year-end summaries that help you to prepare your taxes. But you need to do your research before applying for a small-business credit card. While business cards often offer tailored bonus categories and additional benefits for business owners, they also have fewer consumer protections than personal credit cards.

Use of the Business Altitude Connect Rewards card is subject to terms and conditions of the Business Altitude Connect Cardmember Agreement, which may be amended from time to time. This offer may not be combined with any other bonus offer.

How does business credit affect personal credit?

If your purchase qualifies for a category that has a higher mileage accelerator, only the higher accelerator will apply (ex. you would earn 3X miles on purchases made directly with Delta instead of 1.5X). For business owners who max out the 50k annual spending on the bonus categories, the rewards are substantial for a no-annual-fee card.

• Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
• The ability to set controls on the individual cardholder accounts.
• See additional information about the points program at wellsfargo.com/businessrewards.
• Mortgage products and services are offered through Truist Bank.
• You should review your particular circumstances with your independent legal and tax advisors.

Choose how to redeem your cash rewards – as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. 1% cash back on all eligible purchases after spending $50,000 per calendar year. 2% cash back on dining purchases (on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter). 3% cash back in the category of your choice (on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter). Depending on your business spending habits, you might be able to earn more rewards with a bonus category credit card. Bankrate.com is an independent, advertising-supported publisher and comparison service.

Pros and Cons of Business Credit Cards

This offer may not be available if you leave this page or visit our website. Earn 2% back in the top two categories where you spend the most each month automatically. From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power. 5 Tier-Qualifying night credits toward status and Milestone rewards for every $10,000 you spend in a calendar year.

• There’s no set minimum credit score because it’s just one of many factors that are evaluated during the card approval process.
• The Ink Business Preferred Credit Card’s sign-up bonus is among the highest we’ve seen from Chase.
• Our Small Business Cash Rewards Credit Card is a great choice.
• Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice.
• View the M&T Digital Services Agreement for additional details.
• Annual fees often cover membership benefits offered by cards.

Up to 365 $8 inflight Wi-Fi credits per year ($8 covers an all-day pass, valued by TPG at $200 annually). Lounge benefits when flying Delta the same day; access to the Delta Sky Club and Amex Centurion lounges. First checked bag free for the primary cardholder and one traveling companion on your reservation. Ink Business Preferred Credit Card, you can reap even more value from your rewards by combining your points balances together. Bank of America Preferred Rewards for Business members earn cash back even faster.

Truist Business Cash Rewards Credit Card

This Business Credit Card also comes loaded with additional features fit for dynamic business owners who are out of town more often than not, including complimentary Priority Pass visits. Just be sure you can recoup the card’s hefty $695 annual fee. A secured business credit card will likely be among the easiest cards to receive approval for, since lines of credit with secured cards are collateralized. Though these cards do require business owners and operators to secure the line of credit with a deposit, they can offer great ways for businesses to build credit. Seeking preapproval for business credit cards can help you determine the likelihood of approval, but it won’t constitute any guarantee.

• Expert TipsIf you’re preapproved for a card, don’t waste much time before applying.
• The Rewards Center Earn Mall is the easiest way to earn additional rewards while shopping online at 1,100+ stores using your U.S.
• However, all credit card information is presented without warranty.
• This information is not intended to be tax or legal advice.
• The Business Platinum Credit Card is a revolving credit option for everyday business expenses for businesses with annual sales up to $2 million and needing fewer than 100 cards.
• Delta Medallion elite status, this card provides you with the opportunity to earn valuable Medallion Qualification Miles through spending and help you move up the rungs of the elite-status ladder.

Valid as long as a default does not occur and subject to change under the Customer Agreement. Wells Fargo reserves the right to cancel, alter, or temporarily suspend the Program at any time without notice. See the Wells Fargo Business Rewards Program Terms and Conditions for details. The Business Elite Signature Card is a credit card for established businesses with annual sales over $1 million.