Ive Reviewed 100+ Credit Cards, and This Is the One Id Recommend

Information about the Capital One Quicksilver Secured Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. Bank of America often slides under the radar when compared to major issuers like Chase and American Express, but small-business owners should absolutely consider the Bank of America Business Advantage Customized Cash. Business owners who want to earn lucrative Chase Ultimate Rewards points will appreciate what the Ink Business Preferred offers. Zach Johnson is Founder of FunnelDash, the Agency Growth and Finance company, with their legendary Clients Like Clockwork solution.

Depending on the specific cash-back card used, a consumer may earn flat-rate or tiered-rate cash back on select purchases. Earning schemes and structures may involve higher earning rates in certain spending categories, such as gas or dining, and may also include caps on the reward amount earned. The Autograph Journey also has one of the lowest annual fees in the industry for a travel card with transferable points. Adding to its value is a yearly $50 statement credit when you use your card to cover $50 or more in airline purchases. It offers select trip protections, though not as robust as some other cards on this list. If you’re looking for a credit card that can help you earn valuable transferable points toward your future travels and that comes with travel and purchase protections, the Citi Strata Premier® Card deserves a look.

Our aim is to maintain a balanced best-of list featuring top-scoring credit cards from reputable brands. You should consult an accountant for more information, but if you are using your purchases to earn a welcome bonus and/or rewards, it is generally considered a rebate on spending and not taxable income. However, bonuses you may earn outside of your own spending (such as referring friends to the card) may be considered taxable. If groceries, gas and online shopping are among your largest spending categories, this is a great starter card to help you dip your toes into the world of credit card rewards. This card is an excellent choice for Citi ThankYou points enthusiasts who want to earn rewards across every purchase without incurring an annual fee. This card earns excellent cash back on meals, groceries and entertainment without having to pay an annual fee.

For cards that do not waive their annual fee the first year, we’ve subtracted the annual fee from the cash value of the annual reward. We have also considered factors such as ease and flexibility of earning and redeeming rewards and whether you must be a member of a club or financial institution to apply for a card. However, I don’t think secured cards are optimal for spending, so it can be difficult to keep your credit utilization low if you use the card for everyday purchases without a large deposit.

How can you apply for a cash-back credit card?

• If groceries, gas and online shopping are among your largest spending categories, this is a great starter card to help you dip your toes into the world of credit card rewards.
• For example, you might earn $200 after you spend $500 in three months, or 60,000 points when you spend $3,000 in three months.
• The Platinum card serves frequent travelers who want luxe travel and lifestyle perks—as long as they can stomach the high annual fee.
• No single credit card is the best option for every family, every purchase or every budget.
• Fans of Capital One who frequently book travel via the Capital One’s travel booking site and want a card the offers no foreign transaction fees.

If you only want one, easy credit card in your wallet, this is the one that I’d recommend. While there is no correct answer for all businesses, your spending needs can dictate which cards work best for you. For example, if you don’t have heavy spending needs, the Capital One Spark Cash Plus wouldn’t be a good option since you’d have to overspend to get the bonus. If you can’t meet the spend requirement during the timeframe, you might check out options that are more feasible.

Ramp Business Card

While it’s not technically “illegal” to use a business card for personal use, it’s generally against the terms and conditions of most business credit cards. In addition, combining personal and business purchases on a credit card can make it harder to separate legitimate, business-related transactions when tax season rolls around. Finally, business credit cards tend to have fewer protections for cardholders, so using one for personal reasons could backfire.

• Running a business can mean expenses from stocking up on supplies, traveling for work or covering operations.
• Once you understand what’s out there you can make an informed decision on which financial product is going to be right for your business’s needs.
• It offers Capital One lounge access as well as access to Priority Pass™ lounges (after enrollment), all for a reasonable $395 annual fee.
• A more advanced strategy would be to pair a card of each type, thus earning elevated rates on a few highlighted categories but still earning above-average rates on all other purchases.

The card has a moderately low annual fee and earns elevated rewards in a wide variety of everyday categories. A business credit card is like a personal credit card because it allows borrowers to spend with a predetermined credit limit at an annual percentage rate (APR). Most business cards are unsecured, and borrowers can be approved for one without proof of assets or collateral. If you want a card without an annual fee that doesn’t have the earning limits of the Blue Business Plus, look at the Ink Business Unlimited® Credit Card. You’ll earn 1.5% back on all purchases (and can convert these into transferable Chase Ultimate Rewards points if you have other eligible Chase credit cards like the Chase Sapphire Preferred® Card).

Best Flexible Rewards Credit Card for Travel Protections

The card requires a $200 refundable minimum deposit, but earns a flat 1.5% cash back on all your purchases, rivaling some unsecured cards. Plus, you’ll automatically be considered for a credit line increase, starting six months after you open the account. While the Citi Double Cash® Card technically earns cash back as Citi ThankYou® Points, these points can be redeemed for statement credits at one cent per point.

Another example is a hotel loyalty program, which limits your redemptions to award stays and related options. “Travel rewards can be more lucrative than straight cash back, but they’re also more work,” says Ted Rossman, senior industry analyst with Bankrate. Cardholders earn an unlimited 3% back on groceries, dining out, streaming services and entertainment. Each quarter, you earn 6% back on a combined $1,500 spent with two retailers that you choose from a pool of 10 options.

How to Select the Right Cash Back Business Credit Card

With more than 50 million redeemed miles under her best cash back business credit cards of november 2021 belt, Becky Pokora is a rewards travel expert. She’s been writing about credit cards and reward travel since 2011 with articles on Forbes Advisor, BoardingArea, The Points Guy and more. Her redemptions have helped her travel to more than 50 countries and all seven continents.

How do you redeem credit card rewards?

For cash back, we think Chase’s Ink Business Cash Credit Card offers the best rewards business credit card. If you prefer points-based rewards, though, you’ll do better with the Blue Business® Plus Credit Card from American Express. And for travel rewards, we recommend Capital One Spark Miles Select for Business.

If you fly a single airline a couple of times a year and you regularly check bags, you’ll easily save more money with an annual-fee card than with a no-annual-fee option. But if you’re dead-set against paying annual fees in any case, consider skipping an airline card entirely. Consider a no-annual-fee general-purpose travel credit card whose rewards can be used on any airline (or any other travel expense), or get a good cash-back credit card and save your cash rewards for your next trip. Many airline cards have no foreign transaction fees, so they can be a good choice to use while traveling abroad. Because airline cards typically give you accelerated rewards for airline purchases — usually 2 miles or more per dollar spent — use the card for airfare, in-flight purchases and other airline-related expenses.

Picking your top spending category each month allows you to maximize rewards, even when your purchases vary across the year. The Amex Business Gold card is a solid choice for high-spending small businesses with the flexibility to earn 4 points per dollar in the two categories where you spend the most. An airline-specific card is great for someone trying to get fast-tracked elite status on the airline, particularly if your primary airport acts as a hub to a specific airline. However, the miles you earn are often difficult to redeem without significant planning, and they tie you to a specific loyalty program. A general travel card often lets you transfer rewards to travel partners, providing enhanced flexibility. Previously, he was a homepage editor and digital content producer for Fox Sports, and before that a front page editor for Yahoo.

The $100 hotel credit requires a booking of over $500, not including taxes and fees, which may be hard to take advantage of if you’re on a budget when traveling. Plus, the highest earning rates are only possible when you book through CitiTravel.com. A business line of credit is a revolving business loan with a preset credit limit. To be approved for a business LOC, your business’s financial picture and creditworthiness are considered. LOCs are meant to cover day-to-day operative expenses that may exceed a credit limit on a credit card, such as payroll.

Capital One® Spark® Cash for Business

For instance, you could transfer your Amex points to Air France-KLM Flying Blue to book discounted flights to Europe using Flying Blue’s monthly Promo Rewards. If you’re a fan of Chase and searching for a no-annual-fee business card, the Ink Business Unlimited may be a great option. Partners are not able to review or request changes to our content except for compliance reasons. Financial products are highly regulated so we work closely with partners to make sure the information we have on our site is accurate and includes any required legal language and disclaimers. FinanceBuzz makes money when you click the links on our site to some of the products and offers that we mention. Businesses of any size will enjoy straightforward minimum cash-back opportunities on this card plus increased earnings on travel when booked directly through Capital One’s travel booking site.