Business Credit Cards Expert Review

Business credit cards are an underutilized option when it comes to making purchases for your business. In addition to providing a great source for emergency cash, business credit cards offer a few additional perks.

1. Minimize the impact on your personal credit. Businesses tend to make larger purchases than individuals. If you end up with large outstanding balances on your personal card because of business expenses, your personal credit score could take a hit. Use a business credit card that doesn’t report to personal credit bureaus and, as long as you are on time with your payments, your personal credit will not be affected. (Some business credit card companies will report your business credit information to personal credit bureaus. Find out which ones do here.)

2. Build your business credit. Making on-time payments on your card will help you build strong business credit scores, allowing you to secure lower rates and longer repayment terms on business financing, as well as better terms with your vendors and suppliers.

3. Protect your business. Business credit cards offer more protection than business debit cards. They are covered by the Truth in Lending Act, which caps maximum liability for fraudulent purchases at $50.

 

The Best Business Credit Cards

Business credit cards offer a variety of different features from rewards points to miles to freebies. The following are some of this year’s top business credit cards for four popular categories: cash back, travel rewards, low APR/balance transfer cards and credit builder cards.

Chase’s Ink Business Cash Credit Card makes sense for business owners who make significant purchases of office supplies and telecommunications services. The card has a 0% introductory APR for 12 months and no annual fee. The rewards system is structured as follows:

  • 5% back per dollar spent on office phone, internet and cable (on up to $25,000 in purchases annually).
  • 2% back per dollar spent on gas and dining, up to $25,000 annually.
  • 1% back elsewhere without limit.

 

One of the neat perks of this card is that cash-back rewards are offered as points in Chase’s Ultimate Rewards program. This means your points can be redeemed for one cent each as cash back, but if you also have a Chase Sapphire Preferred or Sapphire Reserve card, you also have the option to transfer your points to airline and hotel partners.