If you’re not one of the tens of millions of business homeowners who use business credit cards to operate their business you might be actually missing out on some great benefits. Some issuers simply require you to submit a sound Social Security number and affirm in writing that you will use the card completely for business purposes. If you spend no less than $500 within 6 months of account opening, you get a $250 statement credit.
Such laid-back issuers welcome freelancers and solopreneurs – mainly, anyone who recordsdata a Schedule C at tax time, including people who don’t really think of themselves as business homeowners. If you can’t prove that you just really own an integrated business with reliable cash move, you won’t qualify. Also, do not forget that business credit cards are exempt from a number of the protections of the CARD Act, including the requirement that card issuers often notify cardholders of adjustments in terms and situations. The following small business credit cards provide a good mix of advantages and downsides for business homeowners with sturdy credit. The SimplyCash Plus Business Credit Card is a popular American Specific credit card with a generous sign-up bonus, stable cash rewards program, and relatively low fees.
When you spend $10,000 on high of that within 12 months of account opening, you get another $250 statement credit for a total of $500. Office supply and cellphone purchases earn 5% cash back, up to $50,000 per 12 months. Purchases in one extra category of your alternative earn 3% cash back, up to $50,000 per 12 months. After the $50,000 limits, purchases in the 3% and 5% categories earn unlimited 1% cash back, as do all other purchases. Cash back routinely comes as an announcement credit on the second statement after it’s earned. Ink Business CashSM is a popular business credit card with a generous cash back rewards program, stable sign-up bonus, and cheap APR.
After the intro period, the purchase and steadiness transfer APR is 12.74% to 19.74%, depending on your creditworthiness and prevailing rates. If you spend no less than $3,000 within 3 months of opening your account, you get $300 bonus cash back. You earn 2% cash back on gasoline station and restaurant purchases, up to $25,000 per 12 months. After reaching the $25,000 cap, you earn unlimited 1% cash back on these spending categories.
Earn $300 bonus cash back if you spend no less than $3,000 within 3 months of signing up. Cash advances price the larger of $15 or 5%, while steadiness transfers price $5 or 5%. Late payments price $15 to $39, depending on steadiness, while returned payments at all times price $39. After the intro period, purchases and steadiness transfers are subject to a 13.74% to 19.74% variable APR, depending on prevailing rates. Blue for Business is a popular American Specific business card with a nice rewards program, first rate sign-up bonus, and impressive annual loyalty bonus. After the intro period, purchase APR ranges from 13.24% to 21.24%, depending on your creditworthiness and prevailing rates.