Top 10 Business Credit Cards for Startups

Top 10 Business Credit Cards for Startups

One-time and recurring purchases can make startup costs more expensive. While a large purchase can earn you an introductory bonus quicker, recurring purchases can earn you ongoing rewards. To find the best business credit cards for startups, we compared cash back rewards with statement credit and points accumulation towards merchandise and travel.

10 Best Business Credit Cards for Startups and New Businesses

1. Chase Ink Business Cash

Why it’s so good: Because of its strong rewards, the Chase ink Business Cash SM credit card has been chosen by us as the best overall startup credit card. This card is great for new business owners who are setting up an office or home office. It offers 5% cash back on office supplies, internet, and telephone bills up to $25,000 per year. You can also earn 2% cash back at gas stations and restaurants for the first $25,000, as well as 1% on all business purchases.

There is no limit on how many rewards you can earn. You can save with a 0% annual rate (APR), no annual fees, and employee cards at zero additional cost. Redeem your rewards to get cash back, gift certificates, travel, or at the Apple(r), Ultimate Rewards Store. As a welcome offer, you will receive $750 cash back if you spend $7500 within the first three months. It is also one of our top choices for the highest-limit business credit card.

  • INTRO APR N/A
  • REGULAR APR 14.99% – 22.99% Variable
  • THE ANNUAL FEE IS $295
  • CREDIT NEEDED Good, Excellent

Additional features:

  • Rental car collision damage waiver: This coverage is primary, which means it replaces your personal insurance. It covers theft and collision damage up to the actual cash value for most cars in the United States or abroad.
  • Purchase Protection: Protects new purchases for up to 120 days from theft or damage, and up to $50,000 per account.
  • Extended Warranty Protection: This extends the US manufacturer’s warranty for eligible warranties of three years or less by one year.

2. American Express®

Why do we love it? Are you often on the road with your consulting business? You can earn 4x points for every $150,000 you spend on combined purchases with the American Express(r), Business Gold Card. Choose from two of the six categories: gas stations, restaurants, advertising, and software (including cloud systems).

All other purchases earn 1x points You will receive 70,000 points as a welcome bonus if you spend $10,000 on eligible purchases within the first three months. This is one of our top picks for the best credit cards for consultants.

  • INTRO APR 0% Intro APR on Purchases
  • REGULAR APR 13.49% – 19.49% Variable
  • ANNUAL FEE $0
  • CREDIT NEEDED Good, Excellent

Additional features:

  • Premium roadside service: Up to four times per year. Flat tire change, winching, jumpstarts, lockout service, towing for up to 10 miles, and delivery of up to two gallons of gasoline are all available.
  • Return Protection: American Express will reimburse you for eligible purchases if the store does not accept returns of damaged items. The coverage is limited to 90-days from the purchase date, $300 per item, and a maximum of $1,000 per year.
  • Baggage Insurance: You can get coverage up to $1250 for carry-on luggage, and $500 for checked bags.
  • Extended Warranty: Get an additional year of coverage for purchases made with eligible warranties of less than five years.
  • Purchase Protection: Protects new purchases from theft or damage within the first 90 days. The coverage is limited to $1,000 per incident.

Also read: Top 20 Payment Processing Companies for Small Business

3. Chase Ink Business Unlimited®

Why it’s so popular: When you are a sole proprietor and have to manage all aspects of your small company, it is important that your business credit card functions smoothly. The Chase Ink Unlimited card gives 1.5% cash back on all business purchases and 0% APR for the first twelve months.

The Chase ink Business Cash card offers $750 cash back on your first 3 months of spending $7,500. You can redeem your rewards for cash back, gift cards, or travel at the Apple® Ultimate Rewards store. This is our top choice for the best sole proprietorship credit cards.

  • INTRO APR 0% Intro APR on Purchases
  • REGULAR APR 13.49% – 19.49% Variable
  • ANNUAL FEE IS $0
  • CREDIT NEEDED Good, Excellent

Additional features:

  • Auto rental collision insurance waiver: This coverage is primary, which means it replaces your personal insurance when you rent for business purposes. It reimburses up to the cash value of the vehicle in case of theft or collision damage.
  • Purchase Protection: Protects your new purchases up to $10,000 per claim, and $50,000 per account annually.
  • Extended warranty protection: This extends the US manufacturer’s warranty for eligible warranties of less than three years by one year

4. American Express Blue Business CashTM:

Why it’s so popular: As an LLC owner, we expect ease and convenience from our business credit card. The American Express blue Business Cash card offers 2% cash back on eligible purchases up to $50,000 per year. After that, 1% cashback is automatically added to your account. You’ll also get a 0% intro APR for the first 12 months and no annual fees. You can also earn a $250 statement credit for your first three months if you spend $3,000 on purchases. This is our choice for the best overall credit card for LLCs.

  • INTRO APR 0% on purchases
  • REGULAR APR 13.99% – 21.99% Variable
  • ANNUAL FEE No annual fee
  • CREDIT NEEDED Good, Excellent

Additional features:

  • Flexible buying power: Get more buying power when you need it. An expanded buying power allows you to spend more than your credit limit and helps you get business done. Although your credit limit doesn’t allow you to spend unlimited amounts, it is dependent on your usage of the card, your credit record, payment history, financial resources, and other factors.
  • Rental car loss and damage insurance: Card Members can get coverage for theft or damage to a vehicle rented in covered areas. You must use your card to reserve the rental vehicle and pay the full amount. At the counter, decline the collision damage waiver.

5. U.S. Bank Triple Cash Rewards World Elite Mastercard®:

We like it: The U.S. The Bank Triple Cash Rewards World Elite Mastercard (r) provides substantial ongoing rewards that are ideal for self-employed people. This card offers more than the $500 cash back introductory bonus after you spend $4,500 within the first 150 days.

You can get 3% cash back at eligible gas stations, office supply shops, and mobile phone/service providers, as well as 1% cashback on all eligible purchases. There is no cap on the amount of cash you can earn and there is no annual fee. For the first 15 billing cycles, you can make large purchases at 0% APR. It is on our list of the best business cards for self-employed.

  • INTRO APR 0% for the first 15 billing cycles
  • REGULAR APR 14.74% – 23.74% (Variable)
  • ANNUAL FEE $0
  • CREDIT NEEDED Excellent/Good

Additional features:

  • MasterRental car rentals collision damage waiver: You are covered for any accident or theft when you use your U.S. Bank Credit Card. You don’t have to take out insurance on your own vehicle or use the insurance provided by the rental agency for coverage. The coverage is limited to $50,000
  • Purchase insurance: U.S. Bank will repair or reimburse items purchased with your U.S. Bank Business Credit Card that have been damaged or stolen within the first 90 days. The account can only be covered for $1,000 per loss and up to $25,000 annually. Items that are lost or not accessible by others are not covered.
  • Extended warranty protection: The U.S. Bank will increase the manufacturer’s warranty by up to 1 year after the expiration of any warranties less than five years. For example, an item that has a 6-month warranty will be covered for six more months. The issuer will either replace or reimburse you for the cost of the item, up to the maximum amount on your U.S. Bank Card up to $10,000

6. Brex Card for Startups:

Why it’s so popular: The Startups Card is ideal for companies that anticipate rapid growth and require a card that can scale with their business. Brex is a credit card that charges a balance each billing cycle. Brex can withdraw your card’s full balance automatically daily or monthly.

Brex Cash accounts are required to receive daily payments. This account can hold funds equal to your credit limit. You don’t have to meet any requirements for daily payments for businesses of any size. Additionally, you are eligible for the highest point rewards: 8x for rideshare, 5x for Brex travel, 4x for restaurants, 3x for eligible Apple purchases, 1.5x for ads, and 1x for everything else.

Brex will need to have access to your bank account in order for monthly payments. This influences how they decide your card’s limit. This limit is often 10-20 times greater than for all other business credit cards. Points can be used to purchase cash, gift cards, or miles. It doesn’t require a credit check and there are no fees. This card is also one of our top choices for the business best credit cards for small business startups without a personal guarantee.

  • INTRO APR N/A
  • REGULAR APR Prime + 11.90% on purchases
  • ANNUAL FEE None
  • CREDIT NEEDED N/A

Additional features:

  • Take receipts: Use the Brex app to track expenses. Brex will automatically match your receipts to your statement if you upload your receipts. You can also send receipts by email or text.
  • Expense Management: Brex can be integrated with QuickBooks®, NetSuite®, Expensify®, and Xero™. This makes accounting simple.
  • Create a team: Instantly add new users, issue cards, track spending, and assign spending limits to everyone in your team.

7. Wells Fargo Business Secured Card:

Why it’s so popular: If you have a low credit score and are a Wells Fargo customer already, the Wells Fargo Business Secured Card will help you build your credit while you earn rewards. There are two options: 1.5% cash back for each $1 spent on qualifying purchases or 1 point per $1 spent.

To get this secured card, you will need to make a $500-$25,000 cash deposit in a Wells Fargo collateral checking or savings account. This will allow you to control your credit limit. Wells Fargo will periodically review your account to determine if you are eligible for an unsecured business credit card. It is on our list of top business credit cards for startup businesses and new companies with no credit history.

  • INTRO APR N/A
  • REGULAR APR Prime + 11.90% on purchases
  • ANNUAL FEE None
  • CREDIT NEEDED N/A

Additional features:

  • Purchase guarantee: Wells Fargo will replace, repair or reimburse you for any items damaged or stolen within a period of 90 days.
  • Design studio: Add a personal or business image to your credit card.

Also read: Top 12 Competitor Analysis Tools

8. Capital One® Spark® Classic:

Why it’s so popular: If you have good credit and are starting a business, the Classic offers two important features: 1% cashback on all purchases, with no limits and no annual fees, and 1% cashback on all other purchases. The interest rate for credit cards is 26.99%. Make sure you pay your bill in full every billing cycle. Your credit score will improve quickly if you make regular on-time payments. This will allow you to apply for more cards. This card is our top choice for best business credit cards for people with bad credit.

  • INTRO APR N/A
  • REGULAR APR 26.99% (Variable)
  • ANNUAL FEE $0
  • CREDIT NEEDED Average, Fair, Limited

Additional features:

  • Purchase Protection: Capital One will replace or repair eligible items in the case of theft or damage within 90 days.
  • Extended warranty protection: Get additional warranty protection for eligible items purchased with your business cards, up to a year beyond the manufacturer’s warranty.
  • Auto rental collision damage waiver: When you rent a car eligible for your Capital One® Spark® Classic for Business card.

9. U.S Bank Business Platinum:

Why it’s so popular: When you start a startup, you will need to save money on expensive purchases like computers and furniture. The U.S. The U.S. Bank Business Platinum card offers you 20 billing cycles at zero interest. You can budget your monthly payments to ensure that your balance is zero by the time the regular interest rate kicks in. This is our top choice for the best APR business credit cards for startups.

  • INTRO APR 0% for the first 20 billing cycles
  • REGULAR APR 12.74% – 21.74% (Variable)
  • ANNUAL FEE $0
  • CREDIT NEEDED Good/Excellent

Additional features:

  • Extended warranty protection: U.S. Bank will double the original manufacturer’s warranty for warranties less than three years. The coverage is limited to $10,000 per item.
  • Purchase Protection: U.S. Purchase protection is available from Bank for items that are lost or damaged within the first 90 days after purchase. This coverage is not available for cardholders.

10. American Express Blue Business® Plus:

Why it’s so popular: The American Express Blue Business (r) plus card allows flexibility and comes with an annual fee. You will earn 2x points for every $50,000 you spend in the first year and 1x thereafter. Enjoy 0% APR for the first twelve months to save money. Earn 15,000 points for spending $3,000 on eligible purchases in the first three months. This is one of our top picks for the best Business Credit Cards with No Annual Fee.

  • INTRO APR 0% on purchases
  • REGULAR APR 13.99% – 21.99% Variable
  • ANNUAL FEE No annual fee
  • CREDIT NEEDED Good, Excellent

Additional features:

  • Extended warranty coverage: American Express will match any manufacturer’s warranty that is less than two years. If the original manufacturer’s warranty was between two and five, it will provide an additional two-year guarantee. The coverage is limited to $10,000 per incident and $50,000 per account per year.
  • Purchase Protection: If your card is damaged or stolen, the issuer will replace or reimburse you. The coverage is limited to $1,000 per incident and $50,000 per account per year.

Bottom Line

Your startup needs will determine which business credit card is best for you. You should choose the best business credit cards that offer big rewards for expensive expenses as well as discounts on everyday purchases. You may be unsure whether the best startup credit cards are right for you. Read our article When to use a credit card to fund your small business. You can also see our Credit Card Marketplace for a larger selection of cards.

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