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What is the best credit card for small businesses?

2 years ago
33

The best credit card for small businesses depends on the specific needs and priorities of the business. However, there are several credit cards that are highly recommended for small businesses due to their features, benefits, and rewards programs. Here are a few examples:


1. Chase Ink Business Preferred Credit Card:

- Offers a generous sign-up bonus and rewards program tailored for small businesses.

- Provides valuable travel benefits such as trip cancellation insurance and primary rental car coverage.

- Allows business owners to earn 3x points on select categories, including travel, shipping, advertising, and more.

- Reference: Chase Ink Business Preferred Credit Card (https://creditcards.chase.com/small-business-credit-cards/ink-business-preferred)


2. American Express Business Gold Card:

- Offers a flexible rewards program with the ability to earn 4x points on the two categories where the business spends the most each billing cycle.

- Provides valuable benefits like purchase protection, extended warranty, and access to the American Express Global Lounge Collection.

- Allows business owners to earn 35,000 Membership Rewards points as a welcome offer.

- Reference: American Express Business Gold Card (https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/business-gold-card/)


3. Capital One Spark Cash for Business:

- Offers a straightforward cashback rewards program with unlimited 2% cash back on all purchases.

- Provides a valuable sign-up bonus and no foreign transaction fees.

- Offers additional benefits like purchase protection and extended warranty.

- Reference: Capital One Spark Cash for Business (https://www.capitalone.com/small-business/credit-cards/spark-cash/)


It is important for small business owners to carefully evaluate their spending patterns, business needs, and desired rewards before choosing a credit card. Factors such as annual fees, interest rates, rewards programs, and additional benefits should be considered to determine the best credit card for a specific business. Additionally, it is recommended to review the terms and conditions of each credit card and consult with a financial advisor if needed.

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