If you’re a startup, you’ll be wondering which business cards to choose. While it may seem like a simple choice, there are a few things to consider. Many business credit cards come with high annual fees, variable interest rates, and requirements that you sign a personal guarantee on. Besides, many startup business credit cards only allow you to use 30% of your credit limit. This can be problematic if you don’t have enough cash to cover the interest charges.
The Chase Ink Business Preferred card is one of the best startup business credit cards available. This card comes with an attractive welcome bonus: $100,000 rewards points after you spend $15,000 in the first three months. The bonus is also tripled for the first $150,000 you spend on business expenses, including shipping and internet costs. Other purchases are worth a point, but this bonus never expires once you have it. With this card, you can use the extra cash you’ll earn to go on vacation or hire new employees.
The Blue Business Cash card is another excellent option for startups. This card features no annual fee, free employee cards, and a generous cash back rewards program. This card is ideal if you plan to carry a balance over 12 months. This card also earns 1% cash back on all purchases, which is great for startup businesses. These cards are great for startups because they give you cash back without the need to spend it first.
