The Best Credit Cards for Small Business Owners
The world can be a harsh place for small businesses. There are a number of technical difficulties you will have to tackle even before you can open your own business. The most prominent one is a financial investment. Maybe you don’t have friends or colleagues who are willing to lend you some money. So the only option that you have left is credit cards. Many companies have been doincompare compare 2018 credit card promotions for some past years. These credit cards come with a lot of perks and features specifically designed according to the needs of a small business. Some of the best credit card deals are listed below according to Forbes.
Chase Ink Business Preferred
This is listed as the overall best credit card because it gives a 25% travel bonus with 3% on business and travel purchases. You can get 80,000 points as a sign-up bonus which is about $1,000 in cash. Moreover, if you transfer your points to travel business partners such as Hyatt Hotels or United Airlines, you can get more points. The annual fee is $95 which is waived for the first year. You can also earn 3 points per dollar as purchase rewards on special categories such as traveling, shipping, internet and phone service. Earn 1 point per dollar in other categories as well.
Capital One Spark Cash
Spark cash is the best option if your business involves international transaction and travel as it does not charge any fee for the international transaction. You can earn 2% rewards for every purchase. This feature is not provided by many credit card companies. Also, there is no annual fee for the first year which is a good news for small business owners. After the first year, the annual fee is the standard $95. Additionally, you can earn $500 as a sign-up bonus.
American Express Business Platinum Card
This credit card is the best option for anyone whose business involves frequent traveling by air as Business Platinum Card gives you the following perks:
- Accessibility to 1,000 airport lounges
- $200 as air travel credit annually
- Free internet access plus 10 in-flight passes
The annual fee is $450 which might seem like a huge sum but if you consider the air travel benefits then it is downright cheap. Also, $750 can be earned as a sign -up bonus. You can also get 5 points to 1.5 points per dollar in special categories.
Starwood Preferred Guest Business Credit Card
This is probably the best credit card deal when it comes to hotel rooms. If your business include overnight stays frequently then consider getting Starwood Preferred Guest Business Card. The special rewards include:
- 2,000 points forever overnight stay at Starwood Hotel
- Foreign transaction fee is none
- Unlimited access to internet
- You can earn 5,000-star points on every 20,000 points transferred to a travel partner
You can earn up to 25,000 points as a sign-up bonus that is equivalent to eleven stays at a hotel. The annual fee is $95 which is disclaimed for the first year.