Credit card is a must-have for any business owners. Utilizing business credit card for purchases for your company is preferred than using your own personal line, which is tailored for individual use and may not seem enough to cover for your business’ expenses that could be too great for a person to afford, so they decide to use investment companies from sites as gboxcapital.com, to help them starting their companies. It will also allow you to separate your personal finances listing from that of your company. Record keeping will be easier and financial reports will be easily generated.
Business credit cards are custom-made for entrepreneurs that need higher credit limits and rewards. But, not all of these are made equal. Here are some of the best business credit cards that new business owners can choose from.
1. Chase Ink Cash Business Card
After spending $3,000 on your first 3 months after opening, you will be given $200 bonus cash. You will also be given 5% cash rebate for $25,000 spent annually on office supplies, mobile phones and cable and TV services.
2. Chase Ink Plus Business Card
This card has relatively generous rewards points. After spending your first $5,000, you will be given 50,000 bonus points. That would be equivalent to $625 worth of travel rewards you can redeem.
Your first $50,000 spent annually on office, mobile phones, TV and cable services and supplies will give you bonus point equivalent to $1=5X.
The card also allows you to pay in full or carry over balances under specific conditions. It also has no annual fee.
3. Capital One Spark Cash for Business
Capital One Spark Cash for Business provides 2% cash rebate on every purchase. If you spend $1,000 within the first three months following opening of the account, you will be given $100 cash bonus. An additional $50 will be extended to you if you sign up for one or more employee cards.
4. Citi Diamond Preferred
The Citi Diamond Preferred Card from Citibank offers 0% introductory APR and balance transfer of up to 18 months. Thereafter, APR will be set at 11.99-21.99%. This will be contingent of your credit score and standing.
It has a retail protection against theft or damage op up to $1,000 within 90 days after purchase. You can also choose your payment due date. This will allow you to schedule your business’ financial activities.
Credit cards provide easy money for young entrepreneurs and budding businesses. However, there are also some dangers that go with it.