The best business credit card for startups is the Chase Ink Business Preferred card because it offers 80,000 bonus points for spending $5,000 in the first 3 months. There’s also 3 points per $1 spent on travel and common business expenses. These points are worth 1.25 cents each toward travel through Chase Ultimate Rewards. And the card has a fairly cheap $95 annual fee.
The best business credit cards for startups are the same as the best business credit cards for any company. Approval for a business credit card does not depend on how long the company has been around. Rather, it rests on the owner’s personal credit history. The best cards require good credit (700+ score) or excellent credit (750+).
5 Best Business Credit Cards for Startups:
- Chase Ink Business Preferred – Best Signup Bonus
- Capital One Spark Cash for Business – Best Cash Back Rate
- U.S. Bank Visa Platinum Card – Best 0% Intro APR
- Wells Fargo Business Secured – Best for Bad Credit
- Capital One Spark Classic for Business – Best for Limited Credit
Choosing the best business credit card for a startup comes down to finding a card that rewards the business’s biggest spending categories. Focus on purchases that will be paid off within a single billing period. Business credit cards are bad for carrying a balance from month to month because the interest rate can change at any time.
With that background out of the way, let’s take a more in-depth look at some of the top offers in categories popular among entrepreneurs.
Compare the best business credit cards for startups:
Best Signup Bonus: Ink Business Preferred. This card, issued by Chase, offers 80,000 bonus points for spending $5,000 in the first 3 months. That’s worth $1,000 in travel. There’s also 3 points per $1 on travel and select business categories and 1 on everything else. The only drawbacks are the $95 annual fee and excellent credit requirement.
Best Cash Back Rate: Capital One Spark Cash for Business. Spark Cash offers unlimited 2% cash back on all purchases, which can build up quickly for a business. There’s also a $500 initial bonus for spending $5,000 in the first 3 months and another $1,500 for spending $50,000 in the first 6 months. There’s a $95 annual fee, but it’s waived the first year. The card requires good credit.
Best 0% Intro APR: U.S. Bank Visa Platinum Card. This is technically a personal credit card. But it’s good for startups because entrepreneurs can take advantage of its 0% for 20 months on purchases to buy and pay off everything needed to start a business. And although there are no rewards, there’s also no annual fee. The card requires excellent credit.
Best for Bad Credit: Wells Fargo Business Secured. For people who want to start a business but whose finances aren’t in the greatest shape, there’s still hope. This card requires a refundable deposit of $500-$25,000, which will serve as the credit line. The card offers 1.5% cash back on all purchases and has a $25 annual fee.
Best for Limited Credit: Capital One Spark Classic for Business. Spark Classic is available to business owners who have little or no existing credit. It has a $0 annual fee and even gives 1% cash back on all purchases.
There are a lot of great incentives to get a business credit card for a startup. Shop around to see which card fits the needs of the business best. Good luck!