With that in mind, WalletHub’s editors compared 1,000+ offers based on their ability to meet the needs of newly formed companies and their suitability for entrepreneurs of all credit levels. Six offers in particular ultimately rose to the top.
Here are 2018’s best business credit cards for new businesses:
|Best For…||New Business Credit Card||Annual Fee||Minimum Credit Required|
|Cash Back||Capital One® Spark® Cash for Business||$0 for 1st yr, $95 after||Good|
|Travel Rewards||Ink Business Preferred℠ Credit Card||$95||Excellent|
|Building Credit||Capital One® Spark® Classic for Business||None||Limited History|
|Rebuilding Credit||BBVA Compass Business Secured Credit Card||None 1st yr, $40 after||Bad|
|Big-Ticket Purchases||HSBC Gold Mastercard® credit card||None||Good|
|Balance Transfers||Chase Slate®||None||Good|
You may have noticed that our editors’ favorite offers include general-consumer cards for financing purposes. That was intentional. Consumer cards not only offer longer 0% introductory terms, but they also protect against arbitrary interest-rate increases far better than business cards.
If you don’t know where your personal credit currently stands, you can check your credit score for free on WalletHub – the only site offering free credit scores and reports that are updated daily. This will help you find the best credit card for your new business and ensure that you’re getting the best deal on your personal loans and lines of credit, too.