Whether you are starting a new business, or you have been in business for years, there are several great business credit cards on the market that can help you save money. Here are a few that we recommend you take a look at.
World of Hyatt Business Credit Card
Whether you own a business that travels often or are a frequent Hyatt hotel guest, the World of Hyatt Business Credit Card is a good choice for you. This credit card provides a robust rewards program and plenty of perks for travelers.
The World of Hyatt Business Credit Card has an adaptive rewards accelerator that rewards you based on your spending habits. You earn two points per dollar in the top three spend categories and one point for all other purchases. This means that you will be able to quickly reach elite status and enjoy some of the most valuable hotel points available.
The World of Hyatt Business Card also offers a large welcome bonus. If you spend $5,000 on purchases within the first three months of opening your account, you will receive 60,000 bonus points. This could be worth $1,270 if you redeem them for hotel stays.
Capital One Spark Miles for Business
Among the many business credit cards on the market, the Capital One Spark Miles for Business stands out. It offers a variety of benefits to cardholders and provides a simple way to earn miles. In addition to earning 2x miles for every dollar spent, the card also offers a sign-up bonus of $500 in travel rewards and a fee credit for TSA PreCheck application fees.
With an annual fee of just $95, the Spark Miles for Business card is ideal for low to moderate spending. It is also the perfect match for frequent business travelers. Those who enjoy traveling can take advantage of Capital One’s airport lounges, while the card’s rewards are easy to redeem.
There are two main redemption options available to cardholders: One is a statement credit, the other is the ability to redeem miles for award travel. This is important to know, because the card’s reward system isn’t as robust as the ones offered by some of its competitors.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard(r)
Whether you are starting up a new business or are just looking to cut your costs, the US Bank Business Triple Cash Rewards World Elite Mastercard can help you save. This card offers cashback rewards for purchases made in select categories, including gas stations, restaurants, and cell phone service providers. You can also receive a $100 statement credit each year for the purchase of subscriptions to software. The card comes with fraud protection, and payment into an eligible U.S. Bank business account.
The US Bank Business Triple Cash Rewards World Elite Mastercard comes with a generous sign-up bonus. You can receive $500 in cash back if you spend $4,500 within the first five months. The offer is subject to credit approval and cannot be combined with other offers.
American Express Business Gold
Among the many American Express business credit cards available, the Business Gold is one of the most lucrative. This card earns flexible Membership Rewards points that can be redeemed for merchandise, gift cards, or statement balances. The points can also be used to book flights through the American Express travel portal.
The American Express Business Gold card is a great choice for small to medium-sized businesses that want a reward card that can be used for everyday expenses and for travel. It offers a 70,000-point welcome bonus after spending $10,000 in the first three months of opening the account.
The 70,000-point offer is good for up to $1,600 in flights through the American Express travel portal. In addition to the points, the card offers other perks like trip delay insurance and reimbursement for rental car damage. You can also get a purchase protection plan that reimburses you for lost, stolen, or damaged items.
Wells Fargo Business Secured Credit Card
Whether you are an established business owner, or you are just starting out, the Wells Fargo Business Secured Credit Card is a great way to build business credit. It offers two rewards options: cash back or purchase rewards. The rewards you earn can be redeemed for merchandise, gift cards, or travel. You can also earn bonus points every billing cycle.
You will need a credit score of at least 300 to apply for this business card. You will need to deposit at least $500 in a refundable security deposit. The amount of the deposit will be used to determine your initial credit limit. You can expect a credit limit of $500 to $25,000 when you apply.
If you maintain your account, you may be able to upgrade to an unsecured business credit card. However, you will have to make on time payments for a period of time to be eligible for an unsecured version of the card.