Business

Best Small Business Credit Cards of 2019

Jan 3 2020 By Asbin Ghimire
Credit Card
Credit Card

If you are in business, whether it is full time or part-time, you may need business credit cards. Most company owners operate their workflow through digital cards. Also, issuers should have lenient qualifications to have business credit cards.

The best credit cards for local businesses should be as valuable as possible. Maximizing profits is the main priority for business owners. So it’s obvious to sustain a profit from business credit cards. Here are some of the evaluated credit card of 2019. Scroll down to see our methodology.

CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

Why is this card preferred?

This card belongs in your wallet if you often fly in American Airlines. This card is so convenient that it offers valuable airline miles for frequent business travelers. Also, it has extra miles on selecting business expenses.

CitiBusiness AAdvantage Platinum Select Card, The P
CitiBusiness AAdvantage Platinum Select Card, The P

The company measures a sign-up bonus worth more than $1,400 after spending $4,000 on the card in the first four months. Some of the travel perks’ advantages are such as preferred boarding, free checked bags, and the ability to earn a companion certificate.

REGULAR APR (%)

17.24% – 25.24% variable

ANNUAL FEE

$0 for the first year, then $99

REWARDS EARNING RATE

Earn 2 miles per $1 on eligible American Airlines, telecommunication, cable and satellite providers, car rentals, and gas station purchases. Earn 1 mile per $1 on other purchases.

CASH ADVANCE APR (%)

21.74%

CASH ADVANCE FEE

Either $10 or 5% of the amount of each transfer, whichever is greater.

Capital One Spark Cash 

Why is this card preferred?

This card has a package of rewards that is easy to manage, receiving an excellent 2% return on each purchase. There are no spending categories to be worried about monitoring or earning caps, which makes the card ideal if you’re not traveling a lot and need a simple way to get something back.

If you’re a big spender, there’s a considerable upside to the sign-up bonus. If you spend $5,000 within three months of opening an account, you will earn $500, and then an extra $1,500 if you expend $50,000 in the first six months.

Spark-Business-Card-
Spark Business Card for Business Credit Cards.

REGULAR APR (%)

18.74% variable

ANNUAL FEE

$0 for the first year, then $95

REWARDS EARNING RATE

Earn 2% Cash Back for your business on every purchase, everywhere.

CASH ADVANCE APR (%)

24.74%

CASH ADVANCE FEE

Choose $10 or 3% of the cash advance amount, whichever is higher.

Discover it® Business Card

Why is this card preferred?

If you need time to pay for future business expenses, consider opening this card. For a full year, new cardholders enjoy a 0 percent APR on transactions, one of the longest available deals right now.

"Discover

Additionally, Discover will match the cash back you won during the interest-free period at the end of your first year.

REGULAR APR (%)

14.49% – 22.49% variable

ANNUAL FEE

$0

REWARDS EARNING RATE

Earn 1.5% cashback on every dollar spent on all purchases.

INTRO PURCHASE APR

0% for 12 Months

CASH ADVANCE APR (%)

26.49%

CASH ADVANCE FEE

Whichever is higher, either $10 or 5 percent of the value of each transfer.

Capital One Spark® Miles

Why is this card preferred?

If you can meet this card’s spending requirements, a whopping 200,000 miles will be yours. Next, spend $5,000 within three months of opening this card, and when exchanged for flights, you can receive 50,000 miles worth $500.00.

Capital One® Spark® Miles Select For Business
Capital One® Spark® Miles Select For Business, Money Under 30

It also gets better for heavy spenders. Use this card to cover expenses of $50,000 within six months of launching your account and receive another 150,000 miles. All in all, $2,000 worth of this stellar offer. This card offers double miles on all purchases on an ongoing basis, several excellent travel advantages, and waives your first-year annual fee.

REGULAR APR (%)

18.74% variable

ANNUAL FEE

$0 for the first year, then $95

REWARDS EARNING RATE

Unlimited 2X miles per dollar on every purchase, every day

CASH ADVANCE APR (%)

24.74%

CASH ADVANCE FEE

Either $10 or 3% of the amount of each cash advance, whichever is greater.

Wells Fargo Business Secured 

Why is this card preferred?

For your credit line, you will need to provide a security deposit, but you can get between $500 and $25,000 in available credit. However, the card offers a few rewards programs that you can select from, including 1.5 percent cash back on everything that you’re going to be hard-pressed to beat.

Wells Fargo Business Secured
Wells Fargo Business Secured

Remember, the annual fee for the card is per card, not only for the primary account.

REGULAR APR (%)

16.65% variable

ANNUAL FEE

$25

REWARDS EARNING RATE

If your company spends $1,000 or more in any recurring billing cycle, earn 1.5 percent cash back or earn a 1X point, and receive 1,000 bonus points.

Also, See ten ways to support your friend’s small business.

 


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