Small Business Credit Cards: An Overview
Major Financial Institutions' Credit Cards
In today's growing credit card industry, there are scores of options from which to choose. Do you go with low interest rates or awesome reward points? Do you bother with annual fees or weigh the benefits? Small business credit cards are even more numerous and diverse than personal cards, and choosing the perfect one for your company can take some time.
I've compiled an overview of cards from various financial institutions to aid in your decision. You can compare interest rates with reward points and annual fees.
Chase Bank
1. Chase Platinum Visa Business Card
Interest Rate: 0% APR for 12 months; a variable APR thereafter starting as low as 11.24%
Annual Fee: None
Rewards: None
Benefits: Up to $1,000,000 Travel Accident Insurance, Auto Rental Collision Damage Waiver, Up to $3,000 Lost Luggage Insurance, Zero Liability On Unauthorized Purchases.
2. Chase Visa Platinum Business Card with Free Cash Rewards
Interest Rate: 0% for up to 12 months; variable thereafter starting at 13.24%
Annual Fee: None
Reward: Earn cash back with each purchase; earn 1,000 reward points after making first purchase.
Benefits: Up to $1,000,000 Travel Accident Insurance, Travel and Emergency Assistance, Purchase Security and Extended Protection.
3. Chase Continental Business Card
Interest Rate: 6.99% fixed APR for up to 6 months; 16.24% thereafter
Annual Fee: $75.00
Rewards: 10,000 OnePass®Bonus Miles after your first purchase, Double Miles at Continental.
Benefits: MasterCard Global Service, Up to $3,000 Lost Luggage Insurance, MasterRental® Insurance Coverage.
4. GM Business Card
Interest Rate: A variable APR, 13.24%
Annual Fee: None
Rewards: Earning points toward a new GM vehicle; cash back from paying at the pump.
Benefits: Master RoadAssist® Roadside Coverage, Travel Services Medical Protection, Emergency Cash and Card Replacement.
5. Marriot Rewards Business Card
Interest Rate: 3.9% fixed APR for up to 6 months; a variable 17.24% thereafter.
Annual Fee: Waived first year; $30.00 thereafter
Rewards: Earning Marriot reward points for free travel.
Benefits: Trip Delay Reimbursement, Up to $3,000 Lost Luggage Insurance, Auto Rental Collision Damage Waiver.
For More Information: www.chase.com
1. Power Rewards Platinum Visa Business Card
Interest Rate: Prime plus 6.99%
Annual Fee: None
Rewards: Up to 2% cash back, gift certificates, travel rewards, and merchandise; 1,000 bonus points after first purchase
2. Platinum Visa Business Card
Interest Rate: Prime plus either 6.99% or 9.99%
Annual Fee: None
Rewards: None
3. US Airways Visa Business Card
Interest Rate: Prime plus 9.99%
Annual Fee: $75.00; $15.00 each for extra cardholders
Rewards: 1 mile for every dollar spent in purchases, double miles on purchases from US Airways, and 15,000 bonus miles after first purchase.
4. Alaska Airlines Visa Business Card
Interest Rate: Prime plus 9.99%
Annual Fee: $50.00; $25.00 each for extra cardholders
Rewards: 1 mile for every dollar spent in purchases, Double miles on purchases from Alaska orHorizon Airlines, 10,000 bonus miles after first purchase.
Benefits of all BOA Business Cards: Credit limit up to $25,000, savings and discounts on business purchases, Overdraft Protection for linked business checking accounts.
For More Information: www.bankofamerica.com
Wells Fargo
1. Wells Fargo Business Platinum Card
Interest Rate: Prime + 4% to Prime + 14%
Annual Fee: None
Rewards: None
Benefits: Wells Fargo Protect Program, Travel Insurance, Auto Rental Insurance
2. Wells Fargo Business Secure Card
Interest Rate: Prime + 9.9%
Annual Fee: $50.00
Rewards: None
Benefits: Wells Fargo Protect Program, Travel Insurance, Auto Rental Insurance
3. Wells Fargo Corporate Card
Interest Rate: Prime + 2.8% up to Prime + 9.8%
Annual Fee: $10.00/each for 6-50 cards; None for 51+ cards
Rewards: Wells Fargo Protect Program, Travel Insurance, Auto Rental Insurance, Master Coverage
NOTE: This is for large corporations, and business owners must order at least 6 cards to apply
For More Information: www.wellsfargo.com
Published by Kay Reynolds
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4 Comments
Post a Commentbtw, here is the link: www.businesscreditcardsite.com
One thing I like about business credit cards is its separates business expenses from my personal expenses. It also offer great rewards, you can choose form different reward programs available. Thanks for this resource.
By the way, I would like to share my Business Credit Card reviews from different issuer.
credit cards are actually a better option for a small business than loans, they're much easier to get.
This is a good compilation of business cards, but I think there are a few missing. Also, some background info on the differences between business cards and regular credit cards would have been nice. A good resource for more on business credit cards can be found in the articles and info here:
Business Credit Cards
I hope this helps!
Thanks,
Jon Norwood