Introduction
Building a strong credit profile is crucial for any new business. One effective way to establish and improve your business credit is by using a business credit card. These cards not only provide you with a convenient payment method but also offer various benefits and rewards. In this article, we will explore the top 10 business credit cards that are ideal for new businesses looking to build their credit profile.
1. American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card is a great choice for new businesses. It offers 2% cashback on all eligible purchases, up to $50,000 per calendar year. Additionally, this card has no annual fee and a 0% introductory APR for the first 12 months.
2. Chase Ink Business Cash® Credit Card
The Chase Ink Business Cash® Credit Card is another excellent option for new businesses. It offers a generous cashback program with 5% cashback on office supplies, internet, cable, and phone services, and 2% cashback on dining and gas stations. This card also has no annual fee.
3. Capital One Spark Cash for Business
The Capital One Spark Cash for Business card is designed for businesses that prefer cashback rewards. It offers unlimited 2% cashback on all purchases, making it a straightforward and rewarding option. There is an annual fee of $95, but it is waived for the first year.
4. Bank of America Business Advantage Cash Rewards Mastercard®
The Bank of America Business Advantage Cash Rewards Mastercard® is a versatile card that offers cashback rewards tailored to your business needs. It provides 3% cashback in a category of your choice, such as gas stations, office supply stores, or travel, and 2% cashback on dining. This card has no annual fee.
5. CitiBusiness® / AAdvantage® Platinum Select® Mastercard®
For businesses that frequently travel, the CitiBusiness® / AAdvantage® Platinum Select® Mastercard® is an excellent choice. It offers generous travel rewards, including American Airlines AAdvantage® bonus miles for qualifying purchases. This card has an annual fee of $99, but it is waived for the first year.
6. Wells Fargo Business Secured Credit Card
If you’re just starting your business and have limited or no credit history, the Wells Fargo Business Secured Credit Card can help you build your credit profile. This card requires a security deposit, but it offers a credit limit that matches your deposit amount and reports your payment history to the credit bureaus.
7. U.S. Bank Business Platinum Card
The U.S. Bank Business Platinum Card is a simple and straightforward credit card option for new businesses. It offers a 0% introductory APR for the first 15 billing cycles on purchases and balance transfers. This card has no annual fee and provides valuable expense management tools.
8. Discover it® Business Card
The Discover it® Business Card is a rewarding option for new businesses. It offers 1.5% cashback on all purchases, and at the end of your first year, Discover will match all the cashback you’ve earned. This card has no annual fee and provides free employee cards.
9. PNC Cash Rewards® Visa® Business Credit Card
The PNC Cash Rewards® Visa® Business Credit Card offers competitive cashback rewards for new businesses. It provides 1.5% cashback on all purchases and has no annual fee. Additionally, you can earn a $200 bonus when you spend $3,000 in the first three billing cycles.
10. Capital One Spark Classic for Business
The Capital One Spark Classic for Business is designed for businesses with average credit. It offers 1% cashback on all purchases and reports your payment history to the credit bureaus, helping you build your credit profile. This card has no annual fee.
Conclusion
Choosing the right business credit card is an important step in building your business credit profile. The top 10 business credit cards mentioned in this article offer a range of benefits and rewards, making them ideal for new businesses. Consider your business needs and preferences to select the card that best suits your requirements. Remember to use your business credit card responsibly and make timely payments to establish a strong credit history for your business.
