The Top Small Business Starter Credit Cards for Entrepreneurs

Starting a small business requires careful planning, creativity, and of course, funding. Most of the time, it can be challenging to get approved for a business loan or a line of credit from a bank, especially if you don’t have a proven track record of generating revenue. Luckily, small business credit cards are a viable solution for entrepreneurs who are just getting started. These credit cards are specifically designed to help small business owners build credit and provide an affordable way to finance their entrepreneurial dreams. In this article, we will explore the benefits of small business starter credit cards and what entrepreneurs should look for when selecting the right one for their business.

10 Best Small Business Starter Credit Cards

Getting a credit card for your small business is a good idea. It can help you establish your credit score, gain rewards and cashback, and help you stay financially organized. However, as a small business owner, you may not have a long credit history or a lot of collateral. This can make it challenging to get approved for a business credit card. Fortunately, many credit card companies offer small business starter credit cards. Here are the ten best small business starter credit cards to consider:

1. Capital One Spark Classic for Business

This card is specifically designed for business owners with average credit. It has no annual fee and provides unlimited 1% cashback on all purchases. Additionally, you can earn a $200 cash bonus when you spend $3,000 on purchases in the first three months of account opening.

2. Ink Business Cash Credit Card

This card has no annual fee and offers a 0% introductory APR for 12 months on purchases and balance transfers. You can earn a $750 cash bonus after spending $7,500 on purchases in the first three months of account opening.

3. American Express Blue Business Cash Card

This card has no annual fee and offers 2% cashback on the first $50,000 in purchases per year. After that, you earn 1% cashback on all purchases. Additionally, you can earn a $250 statement credit after spending $5,000 on purchases in the first six months of account opening.

4. Wells Fargo Business Secured Credit Card

If you have poor or no credit, the Wells Fargo Business Secured Credit Card is a good option for building credit. It requires a minimum security deposit of $500 but has no annual fee. The card offers 1.5% cashback on all purchases or one point per dollar spent, depending on your preference.

5. Bank of America Business Advantage Cash Rewards Mastercard

This card offers 3% cashback on purchases at gas stations, office supply stores, and other business expenses, 2% cashback on purchases at restaurants, and 1% cashback on all other purchases. You can earn a $300 statement credit after spending $3,000 on purchases in the first 90 days of account opening.

6. Discover It Business Card

This card has no annual fee and offers unlimited 1.5% cashback on all purchases. Additionally, you can earn a $50 statement credit after your first purchase. At the end of your first year, Discover will match your cashback rewards.

7. U.S. Bank Business Select Rewards Card

With this card, you earn three points per dollar spent on eligible purchases in one of five categories of your choice, including gas stations, restaurants, and office supply stores. You also earn one point per dollar spent on all other purchases. The card has a $0 introductory annual fee for the first year, and then $85 per year.

8. CitiBusiness AAdvantage Platinum Select Mastercard

This card offers 2x AAdvantage miles per dollar spent on eligible American Airlines purchases, gas stations, and restaurants. You also earn 1x AAdvantage mile per dollar spent on all other purchases. You earn a bonus of 65,000 AAdvantage miles after spending $4,000 on purchases within the first four months of account opening.

9. Chase Ink Business Preferred Credit Card

This card offers three points per dollar spent on the first $150,000 in combined purchases in travel, shipping, internet, cable, and phone services, and advertising purchases made with social media and search engines. You also earn one point per dollar spent on all other purchases. You can earn 100,000 bonus points after spending $15,000 on purchases in the first three months of account opening.

10. Capital One Spark Cash for Business

This card offers 2% cashback on all purchases with no limit on the amount you can earn. There’s no annual fee for the first year, and thereafter, it’s $95 per year. Additionally, you can earn a $500 cash bonus after spending $4,500 on purchases in the first three months of account opening.

These are the top ten small business starter credit cards to help your small business stay financially secured, grow, and succeed. Take your time to review and choose the right one for your business needs.

10 Best Small Business Starter Credit Cards

As a small business owner, getting access to credit can be crucial to the success of your venture. That’s why many banks and financial institutions offer small business starter credit cards to help entrepreneurs finance their businesses. In this section, we’ll take a look at the 10 best small business starter credit cards and the features that make them stand out.

1. Chase Ink Business Preferred

The Chase Ink Business Preferred is one of the best small business starter credit cards on the market. With this card, you’ll earn three points per dollar on travel, shipping, advertising, and internet, cable, and phone services. Plus, you’ll receive a 100,000-point welcome bonus when you spend $15,000 within the first three months of opening the account, making it ideal for startups looking to make big purchases and earn rewards.

2. Capital One Spark Cash Select for Business

If you’re looking for a small business starter credit card with a straightforward rewards program, the Capital One Spark Cash Select for Business is an excellent option. You’ll earn 1.5% cashback on all purchases, and there’s no annual fee, making it an excellent choice for businesses that don’t have a lot of expenses.

3. American Express Blue Business Cash Card

The American Express Blue Business Cash Card is a great starter credit card for small businesses because it offers a 0% introductory APR for the first year and 2% cashback on all purchases made up to $50,000 per year. Plus, there’s no annual fee, so it’s perfect for businesses that are just starting and don’t want to incur additional expenses.

4. Capital One Spark Classic for Business

The Capital One Spark Classic for Business is a great starter credit card for businesses with fair credit because it has no annual fee and offers 1% cashback on all purchases. Plus, with responsible use, you may be able to upgrade your card and earn even more rewards in the future.

5. Bank of America Business Advantage Cash Rewards Mastercard

The Bank of America Business Advantage Cash Rewards Mastercard is a great starter credit card for businesses that spend a lot on gas and office supplies. You’ll earn 3% cashback on gas and office supply purchases, and 2% cashback on restaurant purchases, making it ideal for companies that spend a lot on these expenses.

6. CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

The CitiBusiness® / AAdvantage® Platinum Select® Mastercard® is a great starter credit card for businesses that frequently travel for work. You’ll earn two miles per dollar spent on American Airlines purchases, and one mile per dollar spent on everything else. Plus, you’ll receive a 70,000-mile welcome bonus when you spend $4,000 in the first four months, making it a great option for businesses looking to earn rewards quickly.

7. Discover it Business Credit Card

The Discover it Business Credit Card is a great starter credit card for small businesses because it has no annual fee and offers cashback rewards on all purchases. You’ll earn 1.5% cashback on all purchases, and Discover will match all the cashback you earn in the first year, doubling your rewards.

8. Wells Fargo Business Secured Credit Card

The Wells Fargo Business Secured Credit Card is a great option for businesses with poor or limited credit because it’s a secured credit card. You’ll need to make a deposit to open the account, but you’ll earn 1.5% cashback on all purchases, making it an excellent way to improve your credit score while earning rewards.

9. U.S. Bank Business Cash Rewards World Elite Mastercard

The U.S. Bank Business Cash Rewards World Elite Mastercard is a great starter credit card for businesses that spend a lot on office supplies and gas. You’ll earn 3% cashback on office supply, gas, and cell phone purchases, and 1% cashback on everything else. Plus, there’s no annual fee, making it ideal for small businesses.

10. Amazon Business Prime American Express Card

The Amazon Business Prime American Express Card is a great starter credit card for businesses that frequently shop at Amazon. You’ll earn 5% cashback on purchases made at Amazon, Whole Foods, and Amazon Business, making it an excellent option for businesses that spend a lot on these sites. Plus, there’s no annual fee and no foreign transaction fees, making it an ideal card for businesses looking to save money.

In conclusion, these are the 10 best small business starter credit cards that can help entrepreneurs finance their businesses and earn rewards. Before applying for any of these cards, be sure to read the terms and conditions carefully and choose the one that best suits your business needs.

Benefits of Small Business Starter Credit Cards

Small business starter credit cards can provide entrepreneurs with the much-needed boost when it comes to managing their finances. Here are some of the benefits of using small business starter credit cards:

Cash Back

Some small business starter credit cards offer cash back rewards on specific purchases, such as office supplies and gas. These rewards can help small business owners save money and reinvest it into their business.

Building a Credit History

Small business starter credit cards can help entrepreneurs build a credit history for their business. A strong credit history can make it easier for small business owners to secure loans and other forms of financing in the future.

Flexible Payment Options

Many small business starter credit cards offer flexible payment options, such as interest-free periods and payment plans. This can help small business owners manage their cash flow more effectively.

Expense Tracking

Small business starter credit cards can make it easier for entrepreneurs to track their expenses. By using a credit card to make purchases, small business owners can easily keep track of their expenses, which can be helpful during tax season.

Fraud Protection

Small business starter credit cards often come with fraud protection, which can help protect small business owners from fraudulent charges. This can be particularly helpful for small businesses that may not have the resources to deal with the financial fallout of fraud.

Here are some examples of small business starter credit cards and their benefits:

Credit Card Cash Back Rewards Interest-Free Period Fraud Protection
Chase Ink Business Cash Credit Card 5% cash back on office supplies and internet, cable and phone services; 2% cash back on gas and restaurants; 1% cash back on all other purchases 12 months Zero liability for unauthorized charges
Capital One Spark Cash Select for Business 1.5% cash back on all purchases 9 months Fraud coverage and alerts
Bank of America Business Advantage Travel Rewards World Mastercard credit card 1.5 points per dollar on all purchases; 3 points per dollar spent on travel purchases 9 billing cycles Fraud Protection

Small business starter credit cards can be a valuable tool for entrepreneurs looking to manage their finances more effectively. From cash back rewards to fraud protection, these credit cards offer a range of benefits that can help small business owners grow their businesses while staying financially secure.

If you’re looking for tips on how to choose the best small business starter credit card, check out this Business News Daily article.

10 Pros and Cons of Small Business Starter Credit Cards

Small business starter credit cards offer a lot of benefits, but they also come with some drawbacks. Here are ten pros and cons to consider before signing up for a small business starter credit card.

Pros:

1. Easy Approval

Small business starter credit cards are designed for people just starting out in business, which means the approval process is usually easier than with other credit cards. As long as you have a legitimate business, most small business credit card issuers will approve your application, regardless of your credit score.

2. Separation of Personal and Business Expenses

One of the biggest benefits of using a small business starter credit card is that it can help you separate your personal and business expenses. This makes it much easier to keep track of your expenses and file your taxes correctly.

3. Building Credit

Using a small business starter credit card responsibly can help you build your business credit score. This can make it easier to get approved for future business loans, credit lines, and other financial products that you may need to grow your business.

4. Rewards Programs

Many small business starter credit cards come with rewards programs, such as cashback or travel rewards. These rewards can help you save money on business expenses and even earn free travel or other perks.

5. Free Employee Cards

Some small business starter credit cards allow you to add employee cards to your account for free. This can be a great way to help your employees make purchases for the business while keeping track of expenses.

Cons:

1. High Fees

Small business starter credit cards often come with high fees, such as annual fees, late fees, and high interest rates. These fees can add up quickly and eat into your profits.

2. Limited Credit Line

Small business starter credit cards typically come with a lower credit line than other credit cards. This can limit your ability to make large purchases for your business.

3. Risk of Debt

Using a credit card can be risky, especially if you’re not careful. It’s easy to rack up debt on a small business starter credit card, which can be difficult to pay off and damage your credit score.

4. Limited Perks

While many small business starter credit cards come with rewards programs, the perks are often more limited than with other credit cards. This means you may not be able to earn as many rewards or get access to special benefits.

5. Complexity

Small business starter credit cards can be more complex to use than other credit cards. The terms and conditions can be confusing, and there may be restrictions on how you can use the card and earn rewards. This can make it difficult to manage your account and get the most out of the card.

Say Hello to Your Small Business Starter Credit Card!

Thanks for reading about small business starter credit cards! Now you know how these amazing financial instruments can help you start or grow your business, build your credit score and even earn rewards. Don’t hesitate to apply online, and remember to always use your credit responsibly. We hope you come back soon to read more of our business tips and advice. Good luck with your entrepreneurship journey!

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