The best Citizens Bank business credit card is the Citizens Bank Everyday Points Business Mastercard because it has a $0 annual fee. It also offers 2 points per $1 on all purchases and a bonus of 25,000 points for spending $5,000 in the first 90 days.
The only other Citizens Bank business credit card is the Business Platinum Mastercard, which has no rewards. However, it also has a $0 annual fee and the potential for a lower APR than the Everyday Points card. Its APR range is 10.24% - 21.24% (V), compared to 13.24% - 23.24% (V) for the Everyday Points card.
While both of the Citizens Bank business credit cards have decent terms, they’re not the best offers on the market. There are lots of really rewarding business credit cards available right now. For example, the Capital One Spark Cash for Business card offers unlimited 2% cash back on all purchases and a $500 initial bonus.
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.… read full answer
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 18 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 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!
The best cash back business credit card is the Capital One Spark Cash for Business Visa Card because it offers unlimited 2% cash back on all purchases. Spark Cash for Business also has a $500 bonus for spending $5,000 in the first 3 months and a $1,500 bonus for spending $50,000 in the first 6 months. There is no annual fee the first year ($95 after that), and applicants need good personal credit or better for approval.… read full answer
Some cash back business cards are best for certain spending categories. When it comes to phone service and office supplies, the SimplyCash Plus has the best deal. It offers 5% cash back on $50,000 spent per year in those categories, plus 3% back in a category of the cardholder’s choosing and 1% back on all other purchases. There’s also an intro APR of SimplyCash Plus on purchases, and the annual fee is $0. SimplyCash Plus requires good credit.
There are several other cards that deserve a spot on the list of best cash back business credit cards, too.
Here are the best cash back business credit cards:
Capital One Spark Cash for Business – Best overall
Chase Ink Business Cash – Best initial bonus
SimplyCash Plus Business Credit Card from American Express – Best bonus categories
Chase Ink Business Unlimited – Best for new businesses
Capital One Spark Classic for Business – Best for limited credit
Plum Card from American Express – Best charge card
The Capital One Spark Classic card is great for business owners with limited or no credit, offering good approval odds along with 1% cash back on all purchases and a $0 annual fee.
The Plum Card from American Express is the best cash back business charge card because it gives a 1.5% discount on all purchases that get paid off early. And while each purchase has to be paid in full, Amex allows two billing cycles (60 days) to do it. You just need to make a minimum payment on time the first month. The Plum Card also offers $600 in statement credits for spending $30,000 in the first 3 months ($200 credit for each $10,000 spent). And its $0 1st yr, $250 after annual fee is waived the first year.
It’s also worth mentioning that you shouldn’t forget about cash back credit cards meant for personal use. There are some really great deals right now, especially if you don’t plan to spend enough to qualify for a business card’s initial bonus.
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