Picking the right credit card for your business can feel like a lot. You want something that makes sense for how you spend money, maybe helps you save a bit, and doesn’t come with a ton of hidden fees. With so many options out there, especially from fintech companies that are changing how we do business banking, it’s easy to get overwhelmed. This guide breaks down some of the top fintech credit cards and what to consider when you’re making your choice.

Key Takeaways

• Fintech credit cards offer modern solutions like fast approvals and real-time expense tracking, often integrating directly with accounting software.
• When choosing a card, consider factors like annual fees, rewards programs, employee card options, and foreign transaction fees.
• Keeping business and personal expenses separate is vital for organization and legal protection, especially for incorporated businesses.
• Paying your balance in full each month helps avoid interest charges and can improve your business credit score.
• Look for cards that offer features like integrated budgeting, expense reporting, and cashback rewards to offset business costs.

Rho Corporate Credit Card

When you’re looking for a business credit card, especially for a startup, you want something that’s straightforward and actually helps manage your money. The Rho Corporate Credit Card fits that bill pretty well. It’s a charge card, meaning you’re expected to pay the balance in full each month, which can be good for keeping spending in check.

What’s cool about Rho is how they handle credit limits. They look at your business’s growth and spending habits, not just your credit history or how much cash you have on hand. This can mean a higher, more flexible credit limit, which is a big deal when you’re just starting out and don’t have a long financial track record. Plus, there are no annual fees, monthly fees, or per-card fees, and they don’t charge for foreign transactions. That’s a lot of savings right there.

Rho also bundles a bunch of financial tools together. You get business checking, treasury services, and spend management, including accounts payable and expense tracking, all in one place. This integrated approach can really simplify how you handle your company’s finances. They even have an app that gives you a clear view of your team’s spending anytime, anywhere. Employees get notifications to upload receipts, which helps keep everything organized.

For businesses that spend a lot, Rho Platinum offers even more. You can earn up to 2% cashback on a million dollars of spending annually. On top of that, you get access to exclusive events and perks, plus credits for tools like Google Cloud and AWS. They also offer credits with accounting partners to help with bookkeeping. It sounds like a solid option if you want to manage spending and get some extra benefits.

The Rho Card is designed to be a cost-effective solution, integrating various financial operations into a single platform. This can streamline operations and provide better oversight of company expenditures.

Capital One Spark 1% Classic for Business

The Capital One Spark 1% Classic for Business card is a solid choice if you’re just starting out and need to build or repair your business credit. It’s not flashy, but it gets the job done for everyday spending. You get unlimited 1% cash back on every purchase, which is pretty straightforward. Plus, there’s no annual fee, which is always a plus when you’re trying to keep costs down.

One thing to keep in mind is the APR. It can be pretty high, especially if you tend to carry a balance. This card is really best for businesses that plan to pay off their balance in full each month. It’s also good for those who might not have a stellar credit history yet, as it’s designed for people with fair credit. You can get free employee cards, too, which helps keep track of company spending.

Key Features

• Unlimited 1% cash back on all purchases.
• No annual fee.
• Free employee cards.
• Purchase protection and extended warranty coverage.
• Fraud coverage.

Rewards

The rewards program is simple: earn 1% cash back on everything. It’s not the highest rate out there, but it’s consistent and doesn’t expire. You can also earn 5% cash back on hotels and rental cars when you book through Capital One Travel. Redeeming your cash back is easy, too – you can get it as a statement credit or a check.

Fees and APR

There’s no annual fee, which is great. However, the regular APR is quite high, often around 29.99% variable. If you miss a payment, Capital One can hit you with a late fee, which is a flat $39. So, definitely aim to pay on time.

Who is it best for?

This card is a good fit for startup businesses that have fair credit. It’s a way to start establishing a business credit history. If your credit is already good or excellent, you’ll likely find better rewards and lower rates with other cards. It’s also a good option if you want to build your business credit responsibly.

This card is a practical tool for new businesses needing to manage expenses and build credit. Its straightforward rewards and lack of an annual fee make it accessible, but the high APR means careful management is key.

Capital on Tap Business Credit Card

The Capital on Tap Business Credit Card is a solid choice for UK-based businesses looking for a traditional credit card option. Unlike some corporate cards that require balances to be paid in full each month, this card allows you to carry a balance if needed, which can be helpful for managing cash flow. They offer two distinct cards: the Free Rewards card and the Business Rewards card. The Business Rewards card comes with a £99 annual fee but offers bonus rewards, including Avios points for travel redemptions. Both cards let you earn 1 point for every £1 spent, which can be redeemed for statement credits, cash, or gift cards, essentially giving you 1% cashback on all your spending.

For businesses that spend a good amount, the Business Rewards card has an intro offer: 10,000 bonus points if you spend £5,000 within the first three months. This card also integrates with accounting software like Sage and Xero, which is a nice touch for keeping your books tidy. However, it’s important to note that Capital on Tap is exclusively for UK businesses and requires a minimum annual revenue of £24,000. The APR rates can also be on the higher side, so it’s not the best fit if you plan on carrying a large balance regularly.

One thing to remember is that Capital on Tap performs a soft credit check on your personal credit history and a hard check on your business credit history during the application process.

They also provide 24/7 phone support, which is pretty great if you ever run into an issue. Plus, cardholders can snag discounts on services like Dropbox and Slack. If you’re a UK business owner who meets the revenue requirements and can manage your balance effectively, this card is definitely worth a look. You can find more details about their offerings on the Capital on Tap website.

Ramp Visa Corporate Card

Ramp is a fintech company that got its start in 2019, focusing on corporate cards and managing expenses. Since then, they’ve broadened their offerings to include things like bill payments, procurement, and ways to connect with accounting software. It’s a pretty slick platform if you’re looking to streamline how your company spends money.

Key Features

• Expense Management: Ramp really shines here. It automatically collects and matches receipts, even integrating with services like Gmail, Uber, Amazon Business, and Lyft. This means less manual work for your team.
• Automated Approvals and Reimbursements: The platform handles approvals and global reimbursements, using AI to help with reconciliations. It’s designed to make the whole process smoother.
• No Annual Fee: Unlike some other cards, Ramp doesn’t charge an annual fee, which is a nice perk.
• Cashback Rewards: You earn 1.5% cashback on all purchases, which can add up over time.

Requirements

To apply for a Ramp card, your business needs to be registered in the U.S. and be either a corporation or a limited liability company. You’ll also need to have at least $75,000 in cash in a U.S. business bank account linked to your application. Most of your company’s operations and spending should also be based in the U.S. It’s important to note that Ramp issues charge cards, meaning the balance must be paid in full each month; they don’t offer a revolving line of credit. This is a key difference compared to some other business credit options available, like those that extend credit.

Pros and Cons

Pros:

• Excellent expense management tools with automated receipt matching.
• Streamlined approval and reimbursement processes.
• No annual fee.
• Earns 1.5% cashback on all spending.

Cons:

• No banking or treasury management features are built into the platform.
• User subscription fees apply for dedicated customer support.
• Requires a significant cash balance to apply.

Ramp is a solid choice if your main goal is to get a handle on company spending and you don’t need integrated banking services. It’s a focused spend management tool that can really cut down on the administrative hassle associated with business expenses. For businesses that need a more all-in-one financial solution, however, other options might be a better fit. You can find more details on managing business expenses on the Ramp website.

Brex 30 Card

The Brex 30 Card is designed for startups, particularly those backed by venture capital. It’s not just a credit card; it’s part of a broader financial platform that includes expense management, travel booking, and bill pay. This integrated approach aims to simplify how businesses handle their finances.

One of the standout features is the generous welcome offer: 30,000 points after spending $3,500, or a whopping 50,000 points after spending $9,000, all within the first 30 days of opening the account. This can give your business a nice boost right out of the gate. Brex also offers a substantial amount of discounts on business services, like AWS, Apple, and Slack, which can really add up for a growing company. You can get over $180,000 in discounts on essential business services through Brex’s partnerships.

When it comes to rewards, Brex has a points system that can be a bit complex. The number of points you earn often depends on how frequently you pay your balance. You can redeem these points for flights, hotels, gift cards, or even statement credits. However, there are specific conditions to earn these rewards, like spending a certain percentage of your credit limit each month. It’s definitely something to keep an eye on to make sure you’re getting the most out of it.

Here’s a quick look at some of the card’s details:

• Annual Fee: None
• Rewards: Points-based system, with bonus points for certain spending categories and payment frequencies.
• Intro Offer: 30,000 or 50,000 bonus points depending on spending within the first 30 days.
• Target Audience: Primarily VC-backed startups.

While the Brex 30 Card offers a lot of perks, especially for well-funded startups, it’s worth noting that some users have mentioned customer support can be slow. Also, the rewards structure requires careful attention to maximize benefits. If your business is bootstrapped or you prefer a simpler rewards system, you might want to explore other options. But for the right kind of startup, the Brex 30 Card can be a powerful tool.

Blue Business® Plus Credit Card from American Express

This card is a solid choice for startups looking for a no-annual-fee option that still offers decent rewards. It’s pretty straightforward: you earn 2X points on your first $50,000 in purchases each year, and then it drops to 1X point per dollar after that. So, if your business spending is under that $50k mark annually, you’re getting a consistent 2X on everything, which is pretty sweet.

One of the cool things is the purchase protection. If you buy something with the card and it gets stolen or accidentally damaged within 90 days, American Express has your back. Plus, they’ll even extend the manufacturer’s warranty on eligible items by an extra year. That’s a nice perk that can save you some hassle down the road.

Rewards Structure

• 2X Membership Rewards® points on the first $50,000 in purchases each calendar year.
• 1X Membership Rewards® point on purchases after you reach the $50,000 annual cap.
• 1 additional point on eligible travel purchases made through amextravel.com.

Welcome Offer

Earn 15,000 Membership Rewards® Points after spending $3,000 on purchases within the first three months of opening your account. This can give you a nice little boost to start racking up rewards.

Key Features

• Annual Fee: $0
• Regular APR: 18.49% to 26.49% (Variable)
• Penalty APR: 29.99% (Variable) – This applies if you miss a payment or have a returned payment, and it sticks around for at least 12 months. Definitely something to watch out for.
• Intro APR: 0% on purchases for the first 12 months from account opening.

It’s important to keep an eye on your spending and make payments on time to avoid that penalty APR. While the rewards are good, that penalty rate can really sting if you’re not careful.

Who is it best for?

This card is a good fit for startups with good to excellent credit scores that have a decent amount of annual spending, especially on travel booked through Amex Travel. If you can manage your payments responsibly and stay within the $50,000 annual cap for the 2X rewards, you’ll get a lot of value from this no-annual-fee card. You can compare it with other American Express cards to see what fits your business best Explore American Express Credit Cards.

U.S. Bank Business Altitude™ Connect World Elite Mastercard®

If your business involves a good amount of travel, the U.S. Bank Business Altitude™ Connect World Elite Mastercard® might be worth a look. It’s designed to give you a nice boost on travel-related spending. You can earn a solid 5X points on hotels and car rentals when you book them directly through the U.S. Bank Rewards Center. That’s a pretty good return if you’re often booking accommodations or rental cars.

Beyond that, you’ll get 4X points on the first $150,000 in combined travel purchases each year. This is a nice perk for businesses that spend a lot on travel throughout the year. For everything else, you’ll earn 2X points on dining, takeout, and restaurant delivery, plus cell phone services. All other purchases earn 1 point per dollar spent. It’s a straightforward rewards structure that leans heavily into travel.

Rewards Structure

• 5X points: Hotels and car rentals booked via the U.S. Bank Rewards Center.
• 4X points: On the first $150,000 in combined annual travel purchases.
• 2X points: Dining, takeout, restaurant delivery, and cell phone services.
• 1 point: All other eligible purchases.

Travel Perks

This card also comes with some handy travel benefits. You get an auto rental collision damage waiver, which can save you money by letting you decline the rental company’s insurance. There’s also lost luggage insurance and travel assistance services, which can be helpful if something goes wrong while you’re on the road for business. It’s good to know these protections are there.

Fees and APR

The card has a $0 annual fee for the first year, but it jumps to $95 annually after that. The regular APR is on the higher side, ranging from 20.24% to 28.24%. There isn’t an introductory 0% APR offer on purchases or balance transfers, so it’s best to pay your balance in full each month to avoid interest charges. If you’re looking for a card that rewards travel spending and offers some useful travel protections, this one could fit the bill, especially if you can make use of those bonus categories. You can find more details about business credit cards on U.S. Bank’s website.

Welcome Offer

New cardholders can earn 60,000 bonus points, worth $600, if they spend $6,000 on the account owner’s card within the first 180 days of opening the account. This is a decent incentive to get started with the card.

Who is it best for?

This card is a good fit for startup businesses that have a good to excellent credit score and a significant travel budget. If your company frequently books flights, hotels, or rental cars, the bonus rewards in these categories can add up. However, it’s worth noting that this card doesn’t offer specific tools for expense management, payables, or treasury functions, which some other fintech-focused cards do provide.

First National Bank Business Edition® Secured Mastercard® credit card

If your business is just starting out and doesn’t have a long credit history, or if you’re a sole proprietor looking to build credit, the First National Bank Business Edition® Secured Mastercard® might be worth a look. It’s a secured card, which means you’ll need to put down a security deposit to get it. This deposit, which can range from $2,000 to $10,000, actually determines your credit limit. The bank even pays you interest on this deposit, though the current rate is pretty low at 0.05% APY.

This card comes with a $39 annual fee, and the regular APR is a variable 25.99%. There aren’t any intro APR offers, so that rate applies from the start. You do get access to the Mastercard Easy Savings program, which offers automatic rebates at tens of thousands of participating merchants. The exact rebate amount varies by merchant, so it’s not a fixed rewards rate.

Key Features

• Security Deposit Required: Your credit limit is based on the deposit you provide, ranging from $2,000 to $10,000.
• Interest on Deposits: Earn interest on your security deposit, though the APY is currently 0.05%.
• Annual Fee: A $39 annual fee applies.
• Regular APR: A variable 25.99% APR on purchases and balance transfers.
• Mastercard Easy Savings Program: Get automatic rebates at many participating merchants.

Pros

• Builds Credit: Great for new businesses or sole proprietors needing to establish a credit history.
• Interest on Deposits: You earn a small amount of interest on the money you deposit.
• Long-Standing Bank: First National Bank of Omaha has a history of over 165 years.

Cons

• Requires Security Deposit: You need to tie up funds for the deposit.
• Annual Fee: There’s a yearly fee for the card.
• High Regular APR: The standard interest rate is quite high.

This card is best suited for businesses that can afford the security deposit and need a way to build or rebuild their credit profile. It’s not ideal for those seeking rewards or low interest rates.

Travel Benefits

While not a primary focus, the card does offer some travel perks. These include up to $100,000 in travel accident insurance and auto rental insurance. You also get emergency ticket replacement, which can be helpful if you lose event tickets. You can find more details on these benefits through Mastercard’s travel services.

BILL Divvy Corporate Card

The BILL Divvy Corporate Card, now part of the BILL Spend & Expense platform, is designed to give businesses control over employee spending. It lets account admins hand out corporate cards to their team members and set specific spending limits right within the BILL Spend & Expense system. This setup helps keep an eye on all transactions as they happen, which can cut down on fraud. Plus, all the card activity ties into the BILL Divvy software, making things more organized.

One of the standout features is how the rewards structure changes based on how quickly you pay your balance. If you pay your balance in full each week, you can earn a higher number of points per dollar spent. For instance, you might get 7 points on restaurant spending and 5 points for hotels. However, if you opt to pay your balance only once a month, those reward rates drop significantly, perhaps to 2 points per dollar on restaurants and hotels. It’s a bit of a complex system to track, and some users have found the rewards hard to manage.

Here’s a breakdown of the potential rewards based on payment frequency:

• Weekly Payments:
  • 7 points on restaurant spending
  • 5 points for hotels
  • 2 points on recurring software subscriptions
  • 1.5 points on all other purchases
• Bi-Monthly Payments:
  • 4 points on restaurant spending
  • 3 points for hotels
  • 1.75 points on recurring software subscriptions
  • 1 point on all other purchases

It’s important to note that to even start earning rewards, your company needs to spend at least 30% of its credit limit in a given month. Also, there might be limits on how much you can earn in certain bonus categories. And if you’re hoping to redeem those points, you have to wait 12 months and accumulate at least 5,000 points first. Some users have also mentioned that customer support quality has dipped since BILL acquired Divvy.

The card requires businesses to have a good to excellent credit score, generally between 670 and 850, for approval. BILL might also expect your business to have around $20,000 in available cash to get approved for the card. This card is integrated with BILL’s expense management platform, making it easier to process your card activity.

Bank of America® Business Advantage Unlimited Cash Rewards Secured Mastercard® Credit Card

The Bank of America® Business Advantage Unlimited Cash Rewards Secured Mastercard® Credit Card is a solid option if you’re just starting out and need to build your business credit history. It’s a secured card, which means you’ll need to put down a security deposit, and that deposit usually determines your credit limit. So, if you put down $1,000, you’ll likely get a $1,000 credit limit. It’s a good way to get your foot in the door with a major bank like Bank of America, which offers a whole suite of services that can grow with your business.

One of the main draws here is the straightforward 1.5% cash back on every single purchase. There’s no messing around with rotating categories or trying to hit specific spending thresholds. Plus, the cash back you earn doesn’t disappear as long as your account is open, which is pretty handy. It’s a no-annual-fee card, which is always a plus when you’re trying to keep costs down.

This card is particularly useful for new businesses or sole proprietors who might not qualify for an unsecured card yet. It provides a pathway to establish a credit record, which is super important for future financing.

Key Features

• Rewards: Earn a flat 1.5% cash back on all purchases. Your cash rewards can be redeemed as a statement credit, a deposit into a Bank of America checking or savings account, or by check.
• Security Deposit: A security deposit is required to open the account, and your credit line will typically equal your deposit amount. Bank of America periodically reviews accounts, and if your credit improves, you might be able to transition to an unsecured card.
• Annual Fee: None.
• APR: The regular APR is 28.49%, and there are no intro APR offers.

Pros

• Build Credit: Excellent for establishing or rebuilding business credit history.
• Simple Rewards: A consistent 1.5% cash back on all spending makes tracking rewards easy.
• No Annual Fee: Keeps your overhead low.
• Bank of America Relationship: Opens the door to other banking services from a large, national institution.

Cons

• Security Deposit Required: You need to provide funds upfront, which ties up capital.
• Credit Limit Tied to Deposit: Your spending power is directly linked to the deposit you make.
• Higher APR: The standard APR is quite high if you carry a balance.

Who is it best for?

This card is a great starting point for founders who want to build a credit history with a well-known national bank. It’s also a good fit for businesses that can meet the security deposit requirement and are looking for a simple, flat-rate cash back reward structure. If you’re aiming to establish a relationship with Bank of America and grow your creditworthiness, this secured card is a sensible choice.

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

If you’re looking for a business credit card that helps you earn rewards on your spending without an annual fee, the Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card might be worth a look. It’s a solid option for businesses that want to keep costs down while still getting some perks. You earn unlimited 1.5 points for every dollar you spend, and these points don’t disappear as long as your account is open. This makes it pretty straightforward to rack up rewards over time. Plus, if you happen to bank with Bank of America and qualify for their Preferred Rewards for Business program, you could get a significant boost, potentially earning up to 2.62 points per dollar. That’s a nice little bonus if you’re already in their ecosystem. They also offer a sign-up bonus: 30,000 bonus points after you spend $3,000 in the first 90 days, which can be redeemed for a $300 statement credit towards travel or dining. It’s a good way to start off with a little extra value. You can use your points for statement credits to cover travel and dining, or book through their travel center without worrying about blackout dates. It’s a pretty flexible system for using those hard-earned points. This card is a good choice for startups that want to build a relationship with a national bank and can meet the requirements to keep fees low. It’s a good way to get started with business credit and earn rewards along the way. You can find out more about how this card compares to other options on Bank of America’s website.

Wells Fargo Business Secured Mastercard® Credit Card

The Wells Fargo Business Secured Mastercard® Credit Card is designed for businesses looking to establish or rebuild their credit history. It operates on a secured basis, meaning you’ll need to provide a deposit to establish your credit line, which can range from $500 to $25,000. This makes it a good option for startups or companies with a limited credit track record.

One of the key features is the flexibility in rewards. Cardholders can opt for either a cashback program or earn 1 point for every dollar spent. There’s also a bonus incentive: you receive 1,000 bonus points each month your company spends $1,000 or more. This could be a nice little boost for consistent spending. The card is integrated with banking, treasury, and AP automation on a single platform.

However, it’s important to note that this card is no longer available to new applicants. If you’re an existing cardholder, it can be a tool for building your business credit. Making timely payments is key to improving your firm’s credit rating.

Key Features

• Credit Limit: Determined by a security deposit, ranging from $500 to $25,000.
• Rewards: Choice between cashback or 1 point per dollar spent.
• Bonus Points: Earn 1,000 bonus points monthly for spending $1,000 or more.
• Integration: Connects with banking, treasury, and AP automation platforms.

Pros

• Build Credit: Excellent for establishing or improving business credit scores.
• Customer Support: Phone support is available weekdays until 11 pm EST and on weekends.
• No Annual Fee: There is no annual fee associated with this card.

Cons

• Availability: Not available for new applications.
• Deposit Limit: The maximum deposit is $25,000, which might be limiting for rapidly growing businesses.
• Integration Method: While it integrates with QuickBooks and Xero, it uses Web Connect for QuickBooks, which can add an extra step to the process.

World of Hyatt Business Credit Card by Chase

If you’re a business that travels a lot, especially if you’re a fan of Hyatt hotels, then the World of Hyatt Business Credit Card from Chase might be worth a look. It’s got a pretty hefty annual fee, $199, so you’ll want to make sure the perks outweigh that cost for your specific business needs.

One of the main draws is how you earn points. You get a solid base of 1 point per dollar on everything, but it gets better. You’ll earn 2 bonus points per dollar on your top three spending categories each quarter, which could be things like dining, shipping, or car rentals. Plus, you get 2 bonus points on fitness club and gym memberships. And if you’re staying at Hyatt properties, you can earn up to 9 total points per dollar. That’s a lot of points if you’re a frequent guest.

There’s also a nice bonus offer to start: earn 60,000 bonus points after spending $5,000 in the first three months. And here’s a cool perk: if your business spends $50,000 or more in a calendar year, you get 10% of your redeemed points back as bonus points for the rest of the year. That could really add up if you’re redeeming a lot.

Beyond the points, you get some standard travel protections like Auto Rental Collision Damage Waiver and Trip Cancellation/Interruption Insurance. It also includes Purchase Protection and Extended Warranty protection.

However, it’s not for everyone. The $199 annual fee is a significant investment, and you’ll need a good to excellent credit score to even be considered. If your business doesn’t spend a lot on travel or Hyatt stays, you might find better value elsewhere. It also doesn’t really integrate with other financial tools, which could be a drawback for some businesses looking for a more connected financial setup.

Key Features

• Annual Fee: $199
• Rewards: Earn points on Hyatt stays, top spending categories, fitness clubs, and all other purchases.
• Bonus Offer: 60,000 bonus points after spending $5,000 in the first 3 months.
• Bonus Points Back: Get 10% of redeemed points back if you spend $50,000+ annually.
• Travel Benefits: Includes rental car insurance, trip cancellation insurance, and purchase protection.

Pros

• Generous bonus points for Hyatt stays and top spending categories.
• Potential to earn 10% of redeemed points back annually.
• Includes useful travel and purchase protections.

Cons

• High annual fee of $199.
• Requires a good to excellent credit score for approval.
• Limited integration with other financial management software.

Capital One Venture X Business Card

The Capital One Venture X Business Card is a premium travel rewards card designed for businesses that spend a lot on travel and want to earn miles. It comes with a hefty annual fee, but the perks and rewards can easily offset that cost if you use the card strategically.

This card is particularly appealing for its substantial welcome bonus and ongoing travel credits. You can earn 150,000 bonus miles after spending $30,000 in the first three months, which is a pretty significant boost to your travel fund. Plus, you get an annual $300 credit for bookings made through Capital One Travel, and 10,000 bonus miles every year starting on your first anniversary. That’s a lot of miles to play with.

Here’s a breakdown of how you can earn rewards:

• 2X miles on every purchase: This is a solid baseline for all your business spending.
• 5X miles on flights and 10X miles on hotels and rental cars: When you book through Capital One Travel, your travel spending really racks up the miles.

It’s important to note that this card requires you to pay your balance in full each month, so it’s not for carrying a balance. You’ll also need excellent credit to get approved. If you’re a startup founder who travels frequently and can manage your spending responsibly, this card could be a great fit for your business. You can find more details about this card and compare it with others on Capital One’s website.

While the annual fee is $395, the travel credits and bonus miles can easily make it worthwhile for frequent travelers. Just be sure you’re comfortable paying the balance in full each month.

Chase Ink Business Preferred® Credit Card

If you’re looking for a business credit card that really rewards your spending, the Chase Ink Business Preferred card is definitely worth a look. It’s from Chase, which is a pretty big bank, so you know they’re not messing around. This card is great for businesses that spend a good amount on shipping, advertising through social media and search engines, and also travel. You get a solid amount of points for these categories, and those points can be worth even more if you use them for travel through Chase.

Welcome Offer

Right now, you can get a really nice welcome bonus: 100,000 bonus points if you spend $8,000 in the first three months. That’s a pretty good chunk of change, especially if you redeem it for travel, where it can be worth up to $1,250. It’s a nice way to kickstart your rewards.

Rewards Structure

The card offers 3 points per dollar on the first $150,000 spent in combined purchases each account anniversary year in categories like shipping, advertising on social media and search engines, internet, cable, phone services, and travel. After you hit that $150,000 mark, or for any other purchases, you get 1 point per dollar. It’s a pretty straightforward system, and those bonus categories can add up fast if they match your business expenses. Plus, the points don’t expire as long as your account is open, which is always a plus.

Key Features

• Employee Cards: You can get employee cards for your team, and you can set individual spending limits for each one. This is super helpful for keeping track of who’s spending what and staying within budget.
• Travel Redemption: Redeeming your points for travel through Chase Travel can give them an extra 25% boost in value. So, those points you earn on shipping or internet bills can actually go a lot further when you book your next business trip.
• Referral Bonus: If you refer another business that gets approved for a Chase Ink card, you can earn 40,000 bonus points. That’s a nice little bonus for spreading the word.

This card is a solid choice for businesses that have significant spending in specific categories like shipping, advertising, and travel. The rewards program is generous, and the ability to boost point value through the Chase Travel portal makes it particularly attractive for companies that travel frequently. It’s a good way to manage business expenses while earning valuable rewards.

American Express® Business Gold Card

The American Express® Business Gold Card is geared towards businesses that spend a good amount on specific categories and can benefit from a higher rewards rate in those areas. It comes with a substantial annual fee, but the idea is that the rewards earned can offset this cost if you use the card strategically. It’s definitely a card for businesses that have a clear spending pattern and can maximize the bonus categories.

Key Features

• Annual Fee: $375
• Regular APR: Variable APR of 19.49% – 27.49%
• Rewards: Earn 4X Membership Rewards® points on the two select categories where you spend the most each month. You also get 3X Membership Rewards® points on flights and prepaid hotels booked directly through AmexTravel.com.
• Welcome Offer: Earn 100,000 Membership Rewards® points after spending $15,000 on eligible purchases within the first three months of account opening. This is a pretty solid intro offer if you can meet the spending requirement.

Perks and Benefits

This card offers some nice extras beyond just points. You get access to American Express Experiences, which can mean pre-sale tickets and special events. Plus, there are various perks and discounts from partner companies like FedEx, Grubhub, and Walmart. It’s like getting a little something extra on everyday business spending.

The rewards structure is designed to reward businesses that concentrate their spending in a few key areas. If your business has predictable, high spending in categories like advertising or technology, this card could really pay off. It’s not a one-size-fits-all card, though; you need to align your spending with its bonus categories to get the most value.

Who is it best for?

This card is best suited for businesses with larger budgets that make frequent purchases and can take full advantage of the bonus reward categories. Smaller companies might find the annual fee hard to justify if their spending doesn’t align with the card’s strengths. If you’re looking to build a relationship with a major bank and can manage a higher annual fee for potentially higher rewards, it’s worth considering. You can find more details about business credit cards on the American Express website.

Float Corporate Card

The Float Corporate Card is designed for businesses that want a straightforward way to manage expenses without a lot of fuss. It’s pretty much a charge card, meaning you’re expected to pay off what you spend each month. This can be good for keeping your business finances in check, as it discourages carrying a balance and racking up interest.

What sets Float apart is its focus on simplicity and control. You can issue physical and virtual cards to your team members, and you get to set spending limits for each one. This helps prevent overspending and makes it easier to track where the money is going. Plus, the whole system is managed through their web and mobile apps, which are pretty easy to use for keeping an eye on transactions and approvals. It’s a solid option if you’re looking for a tool to help manage company spending more effectively.

Key Features

• Virtual and Physical Cards: Get both types of cards for your employees.
• Spending Controls: Set limits on how much each cardholder can spend.
• Real-time Tracking: Monitor all transactions as they happen.
• Monthly Reconciliation: Simplifies the process of matching expenses.

Benefits

• No Interest Charges: Since it’s a charge card, you pay the balance in full each month, avoiding interest.
• Expense Management: Helps organize and track business expenditures.
• Team Spending Oversight: Provides tools to manage employee spending.

Float aims to make corporate card management less of a headache, focusing on clear controls and easy tracking for businesses of all sizes. It’s a good choice for companies that prefer a pay-in-full approach to managing their expenses.

Float offers a way to manage your company’s spending through their web and mobile applications.

Key Features To Look For In A Business Credit Card

When you’re trying to pick out the right business credit card, it can feel like a lot. There are so many options out there, and they all promise different things. But really, it comes down to a few key features that make a big difference for how you manage your company’s money. You want something that fits how your business actually works, not just some generic offer.

Annual Fee: Is It Worth It?

First off, think about the annual fee. Some cards charge a yearly fee, while others don’t. If a card has a fee, you need to figure out if the perks and rewards you get back are actually worth that cost. A card with a $95 annual fee might be great if it gives you a ton of travel points or cash back that you’ll actually use. But if you barely travel and the rewards don’t line up with your spending, that fee just eats into your profits.

Rewards Structure: Points, Cash Back, or Travel Miles?

This is a big one. What kind of rewards make sense for your business? Do you spend a lot on office supplies or software? Then maybe cash back is best. If your team travels a lot for client meetings, travel miles or points that can be redeemed for flights and hotels might be the way to go. It’s important to match the rewards to your actual business expenses. Don’t get a card just because it has a flashy rewards program if it doesn’t fit your spending habits.

Additional Cardholders

Does your business have employees who need to make purchases? If so, you’ll want a card that lets you add authorized users or get additional cards for your team. This makes it way easier to track company spending and manage expenses across different departments or individuals. Some cards even let you set spending limits for each additional card, which is a nice bit of control.

Foreign Transaction Fees

If your business buys things from overseas or has clients in other countries, watch out for foreign transaction fees. These are usually a percentage of each purchase made in a foreign currency. If you do a lot of international business, finding a card with no foreign transaction fees can save you a surprising amount of money over time. It’s a small detail that can add up.

Insurance Coverage

Some cards offer built-in insurance, which can be pretty handy. This might include things like travel insurance if your flight gets canceled, purchase protection if something you buy gets damaged or stolen, or even cell phone protection if you use your phone for business. It’s like a little safety net for your business spending.

Digital Experience and Integrations

In today’s world, how you manage your card online is super important. Look for a card that has a good mobile app and online portal. Features like real-time expense tracking, easy integration with your accounting software (like QuickBooks or Xero), and the ability to download statements easily can save you a ton of time. A smooth digital experience means less hassle when it’s time to do your books. You can find cards that offer these kinds of integrations to help manage your finances more smoothly.

Choosing the right business credit card isn’t just about getting a piece of plastic; it’s about finding a financial tool that supports your company’s operations and growth. Think about your typical monthly spending, your travel habits, and what kind of rewards would actually benefit your bottom line. It’s worth taking the time to compare a few options before you commit.

Benefits of Working with Card Issuers

Working with established card issuers can really smooth out a lot of the rough edges when you’re trying to get a business credit card program off the ground. Think about it – they’ve already got the whole payment processing infrastructure in place. This means you don’t have to build that from scratch, which is a huge time and money saver. They handle the nitty-gritty of transactions, making sure payments go through smoothly and dealing with any disputes that pop up. It’s like having a built-in support system for your financial operations.

One of the biggest pluses is access to a variety of card products. Whether you need basic business cards or something with more perks, issuers have a range of options. They also manage the accounts, which includes sending out statements and handling billing. This frees you up to focus on running your business instead of getting bogged down in administrative tasks. Plus, they can help you manage credit limits, which is pretty handy as your business grows.

Transaction Processing and Management

Card issuers take care of processing all your approved transactions. They also manage chargebacks, which can be a real headache if you try to handle them yourself. This ensures that your payment flow stays consistent and reliable.

Account Management and Support

From sending out detailed statements to managing billing and collections, issuers handle the day-to-day account operations. This support is key for keeping your finances organized and your customers happy.

Access to Diverse Card Products

Issuers offer a wide selection of credit and debit card products. This variety means you can find cards that best fit your business needs, whether it’s for everyday spending or specific types of purchases.

Security and Fraud Prevention

These companies have robust systems in place to protect against fraud and secure sensitive cardholder data. They use things like encryption and two-factor authentication to keep everything safe. It’s good to know that security is a top priority for them.

Partnering with a card issuer means you’re tapping into their established network and expertise. They handle a lot of the complex financial plumbing so you can concentrate on what you do best – growing your business.

How To Choose The Best Business Credit Card For Your Startup

Picking the right business credit card for your startup can feel like a big decision, and honestly, it is. You don’t want to end up with a card that doesn’t fit your spending habits or has hidden fees that eat into your profits. Think about what your business actually needs right now. Are you spending a lot on travel, or is it more about everyday office supplies and software subscriptions? Your spending patterns are the biggest clue to finding the best card. It’s not just about rewards, either. Some cards offer really helpful tools for managing expenses, which can save you a ton of time when tax season rolls around.

Here are some things to really think about:

• Your Business Spending: Really break down where your money goes. Make a list of your biggest expense categories. If you spend a lot on flights and hotels, a travel rewards card makes sense. If it’s mostly software and online services, look for cards that give you good cashback on those types of purchases.
• Rewards and Perks: What kind of rewards would actually help your business? Some cards offer cashback, which is straightforward. Others give you points or miles that you can redeem for travel, gift cards, or statement credits. Think about what you’d actually use. Airport lounge access or travel insurance might be nice, but only if you travel enough to make them worthwhile.
• Fees and Interest Rates: This is a big one. Always check for annual fees, foreign transaction fees, and late payment fees. High interest rates can really hurt a growing business, so if you think you might carry a balance sometimes, a card with a lower APR is a good idea. Some cards also have introductory 0% APR periods, which can be a lifesaver when you’re just starting out.
• Credit Building and Reporting: Does the card report to business credit bureaus? This is important for building your company’s credit history, which can help you get better terms on loans or other financing down the line. Some cards also have features that help you manage your spending and keep your business finances organized, like expense tracking and integration with accounting software. This can make bookkeeping so much easier.

It’s also smart to look at cards that don’t require a personal guarantee if possible. This means your personal assets aren’t directly on the line if something goes wrong with the business debt. You can find some great options that focus on building your business credit without putting your personal finances at risk. Taking the time to compare different business credit cards can really pay off in the long run. You can find a good overview of different options to help you compare business credit cards here.

Don’t just grab the first card you see. Take a little time to figure out what your business truly needs. A card that offers good rewards for your specific spending, reasonable fees, and helpful management tools will be way more beneficial than a card that just looks fancy. Think of it as an investment in your business’s financial health.

Best Practices For Business Credit Card Use

Using your business credit card wisely is key to making it a real asset for your company. It’s not just about having a card; it’s about using it in a way that helps your business grow and stay financially healthy. Think of it like this: you wouldn’t just leave your car keys lying around, right? You use them purposefully. Same idea here.

First off, keeping your business and personal expenses totally separate is a big deal. Seriously, don’t mix them. It makes tax time so much easier and keeps your business finances clean. If you ever run into legal trouble, having that separation is a lifesaver. It’s just good practice for any business owner.

Paying your balance in full each month is another habit that pays off. Those interest charges can add up faster than you think, eating into your profits. Plus, paying on time, every time, is great for your business credit score. It shows lenders you’re reliable.

Here are some other smart moves:

• Don’t max out your card. Try to keep your credit utilization low. Using too much of your available credit can actually hurt your credit score. Maybe make a payment mid-month if you see yourself getting close to the limit.
• Pick the right card. Make sure the rewards and perks actually match how your business spends money. If you buy a lot of office supplies, a card that gives you extra points on those purchases makes sense. Don’t get a travel card if you never travel.
• Avoid cash advances. They usually come with really high fees and interest rates. If you need cash, look for other ways to get it instead of using your credit card for a withdrawal.

It’s also a good idea to have a clear expense policy for your team if you have employees using company cards. This way, everyone knows what’s expected and how to use the cards responsibly. Understanding the fine print in your cardholder agreement is also important so you know all the benefits and any potential costs. Getting a handle on these details can really help you get the most out of your business credit card. For more on how to pick the right card, check out this guide.

Using your business credit card strategically means more than just making purchases. It’s about building a strong financial foundation for your company. By adopting good habits, you can avoid unnecessary costs, improve your creditworthiness, and ensure your spending actively supports your business objectives.

What Is A Business Credit Card?

So, what exactly is a business credit card? Think of it as a credit card, but specifically made for your company’s spending. It’s a tool designed to help you keep your business expenses separate from your personal ones. This is super helpful, especially when tax season rolls around, and you don’t want to be digging through personal receipts to figure out what was for the business.

These cards aren’t just about organization, though. They often come with perks that are actually useful for businesses, like rewards on things you buy regularly for your company. Plus, using one can help you manage your cash flow better, cover those unexpected costs, and even start building a credit history for your business. This can be a big deal when you’re looking to grow or need financing down the line.

Using a business credit card is a smart way to manage company finances. It helps keep your personal and business spending separate, which simplifies accounting and tax preparation. Many cards offer rewards and benefits tailored to business needs, such as travel perks or cashback on office supplies.

When you’re looking for a business credit card, consider a few things:

• Rewards Programs: Do the rewards align with your typical business spending? If you travel a lot, airline miles might be great. If you buy a lot of office supplies, cashback could be better.
• Fees: Always check for annual fees, foreign transaction fees, and late payment fees. These can add up quickly.
• Credit Limit: Make sure the credit limit is sufficient for your business needs.
• Integration: Some cards work well with accounting software, making bookkeeping easier. This can be a real time-saver.

Applying for one usually means providing details about your business, like its name, address, type, and tax ID. They might also look at your business’s revenue and how long you’ve been operating. Sometimes, especially for new businesses, they’ll also check your personal credit score. It’s a good idea to understand if they do a hard or soft credit check when you apply. You can find more information on how to apply for a business credit card here.

FAQs About Startup Business Credit Cards

What’s the easiest business credit card to get for a startup?

Getting approved for a business credit card as a startup can feel like a hurdle. Generally, you’ll have better luck with card issuers that are more open to businesses with fair or average credit scores. Also, look for ones that don’t require a big initial deposit. Each card has its own rules, so what works for one might not work for another. It’s really about finding the issuer that aligns with your current business standing. Some companies, like Rho or Ramp, might offer cards that are easier to get if you only have an EIN, but they often still look at your personal credit and might ask for a personal guarantee. It’s a bit of a mixed bag out there.

Can a startup get a business credit card using just an EIN?

It’s tough, but not impossible, to get a business credit card with just an Employee Identification Number (EIN). Most card companies want to see a bit more, usually including a check of your personal credit history and sometimes a personal guarantee. This means you’re personally on the hook if the business can’t pay. However, a few fintech companies and specific fuel card providers do offer EIN-only options, but they usually have their own requirements, like minimum revenue figures. It’s worth checking out those specific providers if this is your main concern.

What should a SaaS startup look for in a credit card?

For a Software as a Service (SaaS) startup, the right credit card can really help manage costs and get rewards. You want a card that offers benefits and rewards that actually make sense for your spending. Think about things like:

• Rewards that match your spending: If you spend a lot on software subscriptions or cloud services, look for cards that give bonus rewards in those categories.
• Integration with accounting software: This can save a ton of time when you’re trying to reconcile expenses and close your books.
• Expense management tools: Features like setting spending limits for employees or tracking expenses in real-time are super helpful for keeping costs in check.

It’s important to plan ahead and make sure the card’s benefits outweigh any fees. You don’t want to end up paying more than you get back.

How should startups evaluate business credit cards?

When you’re a startup, picking the right business credit card is a big decision. You’ve got to look at a few things to make sure it fits your business now and as you grow.

1. Figure out your business goals: What are you trying to achieve? If you’re planning a big expansion, you’ll need a card that can handle increased spending. Your industry also matters; a tech startup will have different needs than a retail business.
2. Estimate your expenses: Break down where your money is going. If you travel a lot for business, a card with travel perks makes sense. If your main costs are office supplies or software, focus on rewards for those areas. Also, check if reward caps exist – you don’t want your rewards to stop just because you hit a certain spending limit.
3. See which benefits are actually useful: What kind of rewards do you value most? Airline miles might be great if you fly often, but if you’re mostly driving, they’re not much use. Think about perks like airport lounge access or travel insurance if those fit your lifestyle.

Understanding the fine print in the cardholder agreement is key. Knowing the policies and protections can help you get the most out of your card and avoid unexpected costs. It’s about being smart with your spending and making the card work for you, not the other way around. This is a good place to start when looking for business credit cards.

Chargeback Resolution

Dealing with chargebacks can feel like a real headache, can’t it? It’s basically when a customer disputes a transaction with their bank, and the money gets pulled back from your account. This usually happens if they claim they didn’t make the purchase, the item was faulty, or they were billed incorrectly. The key is to have a solid process in place to handle these disputes effectively.

When a chargeback hits your business, you typically have a limited time to respond. This usually involves gathering evidence to prove the transaction was legitimate. Think sales receipts, shipping confirmations, customer communication logs, or even IP address data from the time of purchase. The better your documentation, the stronger your case.

Here’s a general rundown of how it often works:

• Notification: You’ll get a notice from your payment processor or bank about the chargeback.
• Gather Evidence: Collect all relevant proof for the transaction.
• Submit Response: Send your evidence and a clear explanation to the bank within the deadline.
• Bank Review: The bank reviews the case from both sides.
• Decision: The bank decides whether to uphold the chargeback or reverse it.

It’s a good idea to familiarize yourself with the specific chargeback procedures of your card issuer. Some platforms offer tools to help manage this process, making it easier to submit your case and track its progress. For instance, understanding how to dispute a chargeback can save you a lot of trouble if the original transaction was valid dispute a chargeback.

Sometimes, chargebacks are unavoidable, but a proactive approach can significantly reduce their frequency and impact. Focusing on clear communication with customers and maintaining thorough records are your best defenses.

Understanding Cardholder Policies and Protections

When you get a business credit card, it’s not just about the perks and rewards, though those are nice. It’s also about understanding the rules of the road, so to speak. Think of cardholder policies and protections as the fine print that actually matters for your day-to-day business. It’s about knowing what you’re covered for and what your responsibilities are.

Transaction Monitoring and Reporting

Your card issuer is going to keep an eye on your spending, which is good! They look for anything that seems out of the ordinary. This helps prevent fraud, but it also means you need to be aware of your own spending habits. A detailed credit card statement is your best friend here. It breaks down every purchase, fee, and payment, making it easier to spot errors or unauthorized activity. Keeping up with these statements helps you manage your account effectively.

Security and Fraud Prevention

This is a big one. Card issuers have systems in place to protect your account. They might use things like encryption and tokenization to keep your data safe. You’ll also likely encounter two-factor authentication for logging in or making certain transactions. These measures are designed to stop fraudsters before they can cause trouble. It’s a shared responsibility, though; you need to protect your login details and report any suspicious activity right away. Understanding how your issuer handles security can give you peace of mind.

Compliance and Regulations

Card issuers have to follow a lot of rules, and some of those rules are there to protect you. For instance, they need to comply with standards like PCI DSS (Payment Card Industry Data Security Standard). This is a set of rules for businesses that handle credit card information, and it’s pretty important for keeping transactions secure. Making sure your card issuer follows these standards means they’re taking data protection seriously. You can usually find information about their compliance on their website. It’s good to know they’re playing by the rules when it comes to your financial data.

Chargeback Resolution

Sometimes, a customer might dispute a charge on your card. This is called a chargeback. Your card issuer has a process for handling these. They’ll usually ask you for information about the transaction to help resolve the dispute. It’s important to respond quickly and provide all the necessary documentation. Some issuers offer tools to help manage and even prevent chargebacks, which can save you a lot of hassle. Knowing how this process works can make a big difference if you ever face a dispute.

It’s always a good idea to read through the terms and conditions that come with your business credit card. That’s where you’ll find the specifics about your protections and what’s expected of you as a cardholder. Don’t just toss it in a drawer; give it a once-over. It might save you from a surprise down the line.

Making the Right Choice for Your Business

So, picking the right business credit card is a big deal for your company. It’s not just about getting plastic; it’s about finding a tool that helps you manage money better, maybe earn some rewards, and keep things organized. Fintech companies are really changing the game here, offering faster approvals and easier ways to track spending than the old ways. Think about what your business actually needs – do you travel a lot? Spend a lot on software? Find a card that fits that. And remember those best practices we talked about, like keeping business and personal spending separate and trying to pay off the balance each month. Doing that will help your business credit grow and keep costs down. Take your time, look at the options, and choose the card that will really help your business move forward.

Frequently Asked Questions

What’s the easiest business credit card to get for a new company?

Getting a business credit card often depends on your business’s age and how much money it makes. Some cards are easier to get if your business is new or doesn’t make a lot of money yet. Secured cards can also be simpler to qualify for.

Can I get a business credit card using only my company’s EIN?

Some cards let you use just your business’s tax ID number (EIN), especially newer fintech cards. However, many still check your personal credit and might ask you to personally guarantee the debt. This means you’re responsible for paying it back if the business can’t.

What should a tech startup look for in a credit card?

For tech companies, look for cards that connect easily with your accounting software. Features like spending limits, real-time tracking, and budgeting tools are super helpful. Also, see if the card offers rewards that make sense for your spending, like on software or marketing.

How do I pick the best rewards for my business credit card?

It’s smart to pick a card with rewards that match how your business spends money. If you travel a lot, travel points are great. If you buy a lot of office supplies, cash back on those purchases might be better. Also, watch out for yearly fees and interest rates.

Should I use my business credit card only for business expenses?

Yes, keeping business and personal spending separate is key. It makes taxes easier and keeps your business finances organized. Using a business card only for business expenses helps avoid confusion and potential legal issues.

Why is it important to pay off my business credit card balance every month?

Paying your balance in full each month helps you avoid paying interest, which can add up quickly. It also helps build a good credit history for your business, making it easier to get loans or better credit terms in the future.