5 Benefits of Small Business Credit Cards

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Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Small business owners manage a lot of responsibility, and when first starting out, you’re just as likely to manage the trash pick up as the payroll. Of course, finances are a huge consideration and small business credit cards can be a major asset when used responsibly. Opening a small business credit card is a great way to streamline day-to-day business expenses while enjoying added perks, like rewards and purchase protection.

Here are some of the benefits of small business credit cards that can add up to increased savings and easier expense management.

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1. Finance purchases and simplify cash flow

The Blue Business® Plus Credit Card from American Express

On the American Express secure site

  • Rewards

    Earn 2X Membership Rewards® points on everyday business purchases up to $50,000 per year, then 1X point per dollar

  • Welcome bonus

    Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.

  • Annual fee

  • Intro APR

    0% for 12 months on purchases from date of account opening

  • Regular APR

    18.49% – 26.49% variable; APRs will not exceed 29.99%

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

2. Receive travel and purchase protections

Ink Business Preferred® Credit Card

  • Rewards

    Earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines), 1X point per $1 on all other purchases

  • Welcome bonus

    Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase TravelSM

  • Annual fee

  • Intro APR

  • Regular APR

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

  • Credit needed

3. Streamline employee expenses

American Express® Business Gold Card

On the American Express secure site

  • Rewards

    Earn 4X Membership Rewards® points on the 2 categories where your business spends the most each billing cycle from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap. 3X Membership Rewards® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card.

  • Welcome bonus

    Earn 70,000 Membership Rewards points after you spend $10,000 on eligible purchases within the first three months of card membership

  • Annual fee

  • Intro APR

  • Regular APR

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

4. Earn rewards

The Business Platinum Card® from American Express

On the American Express secure site

  • Rewards

    Earn 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com and 1X points for each dollar you spend on eligible purchases. Also, earn 1.5X points (that’s an extra half point per dollar) on each eligible purchases at US construction material, hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.

  • Welcome bonus

    Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases within the first 3 months of card membership

  • Annual fee

  • Intro APR

  • Regular APR

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

5. Access account management tools

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For rates and fees of the Blue Business® Plus Credit Card from American Express, click here.

For rates and fees of the Business Platinum Card® from American Express, click here.

For rates and fees of the American Express® Business Gold Card, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.



Sumber: www.cnbc.com

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