The Best Credit Cards for Business and Why

Most business utilize a line of credit to ensure business operations will run smoothly regardless of current cash flow. Additionally, business owners are always on the look out for credit cards that offer perks that will make their businesses run smoother as well as reward them for spending their money.

This article will review three credit cards that have terms that are beneficial to the operation of most small to mid-sized companies, as well as some additional knowledge to help make the right choice for any business.

The Chase Ink Plus card is suited to frequent fliers, as it awards 60,000 bonus points (good for a flight worth $750) if a minimum of $5,000 is charged in the first three months after the opening of an account.

Points can be earned at 5x per dollar spent ($50,000 cap) when the card is used at office supply stores and to process cellular, phone, cable and internet bills, and at 2x per dollar ($50,000 cap) spent when it is used at gas stations and hotels within the United States.

Cards can also be distributed to employees at no additional cost, making it easy to accumulate the maximum number of points available in the above mentioned schemes.

2) SimplyCash Business Card from American Express

Businesses looking to preserve their financial reserves will want to use SimplyCash Business Card from American Express, as its cash back program reduces expenditures every time it is swiped.

It provides 5% cash back on purchases from office supply stores and wireless companies in the United States ($25,000 cap), and it allows business owners to choose a spending category from which 3% cash back can be earned ($25,000 cap), which includes areas ranging from advertising to airfare.

A $250 one-time bonus can be earned by charging $3,000 on the card in the first six months after opening an account, and there is no annual fee.

3) Starwood Preferred Guest Business Credit Card from American Express OPEN

Entrepreneurs that spend a lot of time in hotels attending meetings and conferences should consider signing up for the Starwood Preferred Guest Business Credit Card from American Express.

The points earned from using this card for business expenses add up to free stays in the Starwood hotel chain with no blackout dates (1,200 properties in 100 countries), and with 25,000 bonus points awarded for users that charge $5,000 in their first three months, business owners won’t have to wait long for their first free night.

The points can also be used for flights, or for train journeys on Amtrak, making it a well-balanced travel card for small business owners.