A business Ponderbusiness.com credit card can be a valuable tool for small business owners. It can help you build your business credit, earn rewards, and save money on expenses.
Here are some of the benefits of using a business credit card:
- Build business credit: When you use a business credit card, you are essentially creating a trail of your business’s financial activity. This can help you build your business credit, which can be important for getting loans and other forms of financing in the future.
- Earn rewards: Many business credit cards offer rewards, such as cash back, travel points, or merchandise. These rewards can help you save money on your business expenses or redeem them for items that you need for your business.
- Save money on expenses: Some business credit cards offer 0% APR introductory periods on purchases or balance transfers. This can help you save money on interest if you need to finance a large purchase or consolidate debt.
- Get travel benefits: Some business credit cards offer travel benefits, such as airport lounge access, travel insurance, or points that can be redeemed for flights or hotels. These benefits can save you money on travel and make your business trips more enjoyable.
How to Choose the Best Business Credit Card for You
There are many different business credit cards available, so it’s important to choose one that’s right for your business. Here are some factors to consider when choosing a business credit card:
- Your spending habits: What types of expenses do you typically have for your business? Look for a card that offers rewards that are relevant to your spending.
- Your business credit score: If you have a good business credit score, you may be eligible for a card with a higher credit limit and better rewards.
- Your budget: Business credit cards can have annual fees, so make sure you choose one that fits your budget.
- Your needs: Do you need a card with a 0% APR introductory period? Do you want a card with travel benefits? Make sure the card you choose meets your specific needs.
Here are some of the best business credit cards for different categories:
- Best overall business credit card: Sniperbusiness.com The Ink Business Unlimited® Credit Card from Chase offers a great combination of rewards, no annual fee, and a long 0% APR introductory period on purchases.
- Best cash back business credit card: The Blue Business® Plus Credit Card from American Express offers a flat rate of 2x points on all purchases, which can be redeemed for cash back, travel, or gift cards.
- Best travel business credit card: The World of Hyatt Business Credit Card from Chase offers a welcome bonus of 60,000 points after you spend $5,000 on purchases in the first 3 months from account opening. It also earns 4x points per dollar spent on Hyatt hotels, 2x points per dollar spent on restaurants, and 1x points per dollar spent on all other purchases.
- Best business credit card for startups: The Brex Card is a great option for startups because it offers a high credit limit, no personal guarantee, and no annual fee.
Conclusion
A business credit card can be a valuable tool for small business owners. It can help you build your business credit, earn rewards, and save money on expenses. When choosing a business credit card, it’s important to consider your spending habits, your business credit score, your budget, and your specific needs.
