Best Business Credit Cards
Does your business need access to a line of credit? Whether you’re looking to increase your company’s purchasing power, cover cash flow gaps, build business credit, or gain access to perks and rewards, a business credit card can help.
And whether you choose cash back to boost your bottom line or travel rewards to save money on business trips, a business credit card can make your life easier.
Common Questions
What is a business credit card?
A business credit card is a credit card intended for use by a business for professional expenses. They are available for many types and sizes of businesses, from sole proprietors to large corporations.
They provide rewards on common business expenses, such as purchases at office supply stores, shipping, advertising, and travel. Small business owners can find the right card with the right perks a real boon.
Business credit cards usually have a variety of rewards and point options. Think of which types of rewards you are most likely to tap into, be it travel, tech, discounts on supplies, or others, and choose your card accordingly.
How do I find the best credit card for my business?
Now you know everything you need to find the best credit card for your business. Not only can a business credit card supplement your company’s cash flow, but it can also offer rewards and benefits that provide your business with added value.
Ready for an easy way to compare offers? Check out our collection of leading business credit cards to save time on your research.
How are business credit cards different from personal credit cards?
Business credit cards work much like personal credit cards. You gain access to a revolving credit line, make minimum monthly payments, and pay interest on balances that carry over past a billing cycle. However, they also offer rewards and features that specifically benefit businesses. Additionally, they can help your business to build credit.
How does the APR work on a business credit card?
The annual percentage rate expresses how much you must pay per year to borrow money. The lower your rate, the less you will pay. For example, if you get a 19% APR and keep a balance of $1,000 all year, you will pay about $190 in interest over the year. If you have 25% APR, you will pay $250. The higher your balance, the more the difference will affect how much you owe.
Your monthly payment due date is typically 20 to 25 days after the close of a billing cycle. If you pay your balance in full by the due date each month, you won’t have to pay any interest. However, if you still have a balance after your payment due date, you’ll have to pay interest on that balance based on your assigned APR. Note that credit card issuers generally begin charging interest on cash advances immediately.