Starting a new business
can be an exciting but challenging endeavor. One of the
key aspects of managing a successful startup is
effectively managing your finances. As a new business
owner, having access to the right credit card can
provide you with valuable financial tools and benefits.
In this article, we will explore some of the best credit
cards available for startups and new businesses.
Ink Business Preferred
Nerdwallet, the Chase Ink Business Preferred credit
card is a popular choice among startups and new
businesses. It offers a generous sign-up bonus, a
rewards program, and various travel benefits.
Cardholders can earn points on their purchases and
redeem them for travel, gift cards, or cash back.
Additionally, this card provides essential business
features such as employee cards, expense management
tools, and purchase protection.
Express Business Gold Card
The American Express
Business Gold Card is designed to cater to the needs of
small businesses. It offers flexible rewards options,
allowing you to earn Membership Rewards points on
eligible purchases. The card also provides additional
benefits such as purchase protection, extended warranty,
and access to the American Express Global Lounge
Collection. Furthermore, it offers expense management
tools and the ability to add employee cards with
customizable spending limits.
One Spark Cash for Business
The Capital One Spark Cash
for Business credit card is an excellent choice for
startups and new businesses that prioritize cashback
rewards. It offers unlimited 2% cashback on all
purchases, providing a straightforward and hassle-free
way to earn rewards. The card also comes with additional
benefits like free employee cards, fraud coverage, and
no foreign transaction fees.
CitiBusiness/AAdvantage Platinum Select Mastercard
If your startup involves
frequent travel, the CitiBusiness/AAdvantage Platinum
Select Mastercard can be a valuable asset. This card is
designed for businesses that frequently fly with
American Airlines and its partners. Cardholders earn
AAdvantage miles on their purchases, which can be
redeemed for flights, upgrades, and other travel-related
expenses. The card also provides travel benefits such as
a free checked bag, preferred boarding, and in-flight
discounts. Do yourself a favor and check out
iSelect credit card to compare plans.
One Spark Classic for Business
For startups with a
limited credit history or less-than-perfect credit,
Forbes explains the Capital One Spark Classic for
Business credit card can be a viable option. This card
is designed to help businesses build credit while
enjoying some rewards. It offers 1% cashback on all
purchases and provides access to valuable business tools
and resources. By using this card responsibly, startups
can establish a positive credit history and potentially
qualify for better credit card options in the future.
Fargo Business Secured Credit Card
If you're looking to
establish or rebuild your credit, the Wells Fargo
Business Secured Credit Card is a suitable choice. It
requires a security deposit but allows you to earn
rewards on your purchases. This card can be a valuable
tool for startups that need to build credit history and
demonstrate responsible credit management. As you use
the card responsibly, you may qualify for a higher
credit limit and eventually transition to an unsecured