AUG 10, 2016:
If you’re going to be self-employed, you need a good small business credit card. With perks like cash back, travel rewards and sign-up bonuses, it’s crazy not to utilize the benefits of a solid business credit card. Below, we have outlined our favorites, each with their own unique pros.
Ink Cash Business Rewards
If you’re looking for cash back, this Chase card is for you. Everyday purchases like office supplies, cell phones, internet and cable TV gets 5% cashback, up to the first $25,000 in combined purchases. Plus, there is no spending limits and 0% APR for 12 months on both purchases and balance transfers, which give you a big grace period if you need to pay off a debt.
Ink Plus Business Credit Card
Also from Chase, this card offers an insane amount of rewards, including 60,000 bonus points after you spend $5,000 on purchases in the first three months of opening. That’s basically $750 worth of travel. You’ll also earn 5 points per dollar spent on purchases on office supplies, cellphones, internet and TV. You will also be able to transfer points at a 1:1 ratio for several travel loyalty programs.
American Express Business Platinum Card
If you are in the market for airport lounge access and other travel perks, this is your card. You’ll gain access to Centurion Lounges, Delta Sky Clubs and Airspace Lounges with access to Gogo and Boingo in-air Wifi for free. When it comes to baggage fees, you get a $200 credit for airline incidentals. If you the pay it off every month, you don’t have a credit limit and you won’t pay interest. The only drawback? A $450 pricetag.
Capital One Spark Miles
If what you want is miles, this Capital One card could be your best bet. With a $59 annual fee after the first year, the card offers an unlimited 2 miles per dollar, which you can redeem for a travel statement credit. The card also itemizes all your purchases, making organizing your deductions at tax time super simple.
Capital One Spark Classic
Since this card is free, it’s straightforward and great for entrepreneurs like you. The card offers 1% cashback on every purchase, every day, and not just on office supplies or gas. What’s more, you get itemized quarterly statements, so if you do estimated quarterly taxes, this could be the card for you.
What’s your experience with credit card rewards?
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