• March 10, 2016

Solution Providers Guide: Business Credit Cards

Solution Providers Guide: Business Credit Cards

The VENTUREAPP platform collects data from solution providers, experts and businesses interacting on our marketplace. We are presenting this data to help determine the top solution providers, as referred or used by businesses on our network.

Finding the best business credit card to match your needs can be time consuming. The features & perks that make up a credit card’s terms can vary drastically. We took a look at the best business credit cards being used or recommended on our platform, as well as other cards that offer intriguing perks for startups.

This way, we give you a head start by doing the legwork and sieving through the many options for cards. We encourage your input and recommendations so we can treat this as a living & breathing document and resource. If you have experiences with any of these credit cards – positive or negative – that you’d like to share, we welcome that input as well.

Top Business Credit Cards

American Express Small Business Credit Cards

  • American Express offers world-class charge and credit cards, gift cards, rewards, travel, personal savings, business services, insurance and more. Their stated goal is to turbocharge startups with all of the financial tools they need to succeed.
  • Rewards: Through VENTUREAPP, 75K points + no fee for 1 year with the Gold Card OR 100k points with the Platinum Card.
  • Fees: No
  • Terms: Must spend $10k in the first 3 months
  • Contact VENTUREAPP for info on any & all AMEX Business cards – we can hook you up!

Bank of America WorldPoints Travel Rewards for Business Visa

  • A business credit card for frequent travelers – redeem points for gift cards, cash, and travel with no blackout dates.
  • Rewards: Earn 1.5 points per $1 on purchases. $100 statement credit bonus after making at least $500 in purchases in the first 60 days of your account opening. 5,000 bonus points after your first purchase.
  • Fees: No annual fee
  • Terms: 0% APR on purchases for 9 billing cycles from account opening. 11.49% to 21.49% variable APR on all purchases after the introductory APR expires and on all balance transfers.

Bank of America Cash Rewards for Business MasterCard

  • A business credit card that enables you to redeem your rewards as a statement credit, or have cash deposited into a Bank of America small business checking or savings account.
  • Rewards: 3% on purchases at gas stations and office supply stores (up to $250,000 in gas station and office supply store purchases annually, 1% after that). 2% on purchases at restaurants. 1% cash back on all other purchases. $100 statement credit bonus after making at least $500 in purchases in the first 60 days of your account opening. Start redeeming your cash back after earning $25.
  • Fees: No annual fee
  • Terms: 0% APR on purchases for 9 billing cycles from account opening. 11.49% to 21.49% variable APR on all purchases after the introductory APR expires and on all balance transfers.

BBVA Compass Visa Business Rewards

  • This Visa Business Rewards Credit Card delivers financial flexibility, convenience and control and lets you earn valuable CompassPoints at the same time. Add employee cards to your account at no additional cost.
  • Rewards: Earn 1 point for every $1 you spend. CompassPoints are redeemable for a variety of cash back options giving you easier and more flexible ways to redeem. Combine points – When you have multiple BBVA Compass cards, you can combine – so you’re able to reach the rewards you want faster. Free Enrollment – As a cardholder you are automatically enrolled with no additional fee. Earn double and triple CompassPoints in the categories you spend the most in. Choose from categories such as: office supplies, utilities, groceries, gas, travel and healthcare. Shop with your enrolled Visa® business credit card at participating merchants and save up to 15%.
  • Fee: No annual fee
  • Terms: 0% introductory APR for 6 months, after that, your APR will be 9.49% to 23.49% based on your creditworthiness. 0% or 4.24% introductory APR on balance transfers requested within 90 days of account open date for one year, based on your creditworthiness.

Capital One Spark Cash for Business

  • This card is noted to be for business owners with excellent credit. You can add cards for no additional cost & the card has $0 fraud liability if your card is lost or stolen, and get real-time alerts of fraud attempts via text, email, or phone.
  • Rewards: Get unlimited 2% cash back on every purchase for your business, with no minimum to redeem. You also earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first 3 months.
  • Fee: $0 intro annual fee for the first year $59 after that
  • Terms: Purchase Rate – 17.24% variable APR

Capital One Spark Miles for Business

  • With Spark miles rewards credit cards, you’ll earn miles on every purchase you make for your business. You can use your miles for tickets on any airline, any hotel stay, vacation packages, and more. Your rewards don’t expire and there are no blackout dates, no seat restrictions, and no limit to how much you could earn.
  • Rewards: 2 miles per dollar on all purchases and the opportunity to earn a one-time bonus of 50,000 miles—equal to $500 in travel—once you spend $4,500 on purchases within the first 3 months.
  • Fee: $0 intro for the first year; $59 after that
  • Terms: Purchase Rate – 17.24% variable APR; Transfer Info – 17.24% variable APR; No Transfer Fee

Chase Ink Plus Business Card

  • A business rewards card where you can add employee cards at no additional cost and has no foreign transaction fees.
  • Rewards: Earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. Earn 5X points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year. Earn 2X points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
  • Fee: $95/year
  • Terms: Purchase rate – 15.49% APR; Balance transfers – 15.49% APR. Either $5 or 5% of the amount of each transfer, whichever is greater.

Chase Ink Cash Business Card

  • A flexible cash back rewards with no annual fee and the ability to r edeem rewards for cash back, gift cards or travel.
  • Rewards: Earn $200 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening. Earn 5% cash back* on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases—with no limit to the amount you can earn.
  • Fee: No annual fee
  • Terms: 0% intro APR on purchases and balance transfers for the first 12 months, then 13.49% variable APR

Comerica Business Credit Card

  • Comerica’s MasterCard Business credit cards come with a variety of important business features including expense management tools, free employee cards, and added security benefits including EMV smart chip technology. They offer extended introductory offers, letting you save on interest and pay down your other credit card balances faster.
  • Rewards: 25% more in bonus rewards consists of 1 Reward Point for each dollar of Net Purchases (purchases minus credits and returns) plus an additional 25% (0.25) in points awarded based upon the total points earned on Net Purchases within a billing cycle.

Silicon Valley Bank Business Credit Card

  • The Silicon Valley Bank business credit card provides your company with flexible payment options worldwide, spending controls, and seamless integration with your back office that helps you understand your spending, lower costs and streamline operations.
  • A huge bonus with this card: their card facilities are 100% corporate liability so SVB does not pull credit reports or require personal guarantees.
  • Rewards: Rewards are earned when you use your Silicon Valley Bank Business Credit Card or Business Elite Card for eligible purchases. Points can be redeemed for travel, merchandise and gift cards. Earn one point for every dollar spent. As a cardholder, you also receive savings automatically through the MasterCard® Easy Savings Program™, whenever you use your Silicon Valley Bank Business Debit Card, Business Credit Card or Business Elite Card with participating merchants in a variety of categories such as airlines, car rental agencies, hotels, restaurants, and other business product and service providers.

Square 1 Bank Business Credit Card

  • This card offers online banking for making payments, obtaining statements and downloading transactions, and you can also control expenses with preset purchase limits and acceptances, and manage it all with consolidated or individual billing options. Payments on your account may be made online, by check or phone, at the time due or throughout the statement cycle to free up cardholder availability.
  • Rewards: Free travel insurance and protection, and the MasterCard Easy Savings Plan provides discounts at major company partners such as Avis and Office Depot.
  • Fees: No personal guarantees. No annual fee.

VENTUREAPP can help you find the right credit card for your business based on annual fees, APRs, sign-up bonuses, rewards rates, and more. Learn more here.

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