Business credit cards are great for three reasons. You get more points from sign up bonuses. Your business, credit utilization and credit will be separate from your personal credit. And lastly, you have access to.
More benefits, perks and reward multipliers. That’s why after establishing a solid credit score of at least 700 and having a few personal credit cards under your belt, you should adventure into the world of business credit cards.
This article will help you decide which business cards to go after, depending on your specific situation. Before going into the list of cards that I prepared for you today, I want you to know that you don’t need complicated business to qualify for a business credit card.
Doing things such as babysitting mowing, lawns, selling things on ebay and more are all businesses that could land you a business card. It’s worth spending that extra hour of work figuring out which side hustle works best for you.
Don’t let that stop you from earning thousands of dollars in points and benefits and more with your new business credit card. That then brings us to which business credit cards you should be getting.
These first few cards will be perfect for most of you out there with a small business like the ones we just went over. They have no annual fees and are really simple but will provide you with lots of value.
First up, we have the two no annual fee. Chase ink business credit cards. The ink business cash. And the ink business unlimited. As I go over these two cards, they may seem quite familiar because they are slightly modeled after the Chase Freedom Flex and Chase Freedom Unlimited Personal Credit Cards.
Starting with the Ink Business Cash, this card will give you 5% cash back at office supply stores and on Internet, cable and phone services. That means you could earn 5% back on the phone and internet that you are using right now.
Or if you are stuck in the early 2000s, you could earn that same high 5% multiplier on your cable services. You will earn 5% on those transactions with this card as long as you are spending $25,000 or less in combined purchases for those categories every anniversary year.
You’ll also earn 2% cash back at gas stations and restaurants. With the ink business. This cash again these two categories will earn you 2% back on the first $25,000 spent in combined purchases every anniversary year.
Every other purchase will earn you 1% cash back. Unless you also have the ink business unlimited. With the Chase Ink Business Unlimited, you will earn an unlimited one 5% cashback on every purchase between both of these cards.
The Ink Business Cash may be more valuable to you because you have a card that earns bonus points on gas stations, Internet, cable and phone services. However, these cards are great addition if you already have the Chase Trifecta or cards like the Sapphire preferred Sapphire Reserve, freedom Unlimited or Freedom Flex.
By having no annual fees, both cards will provide primary car rental insurance, roadside dispatch purchase and extended warranty protection. But best of all, the Ink Business Cash and Ink Business Unlimited currently have an all time high sign up bonus offer.
After you spend $6,000 in the first three months, you’ll receive 90,000 Chase points. That’s $900 of cash back value. Or if you transfer them to a travel partner, you could get upwards of $1,800 worth of value.
If you are able to get both cards, then that could be upwards of $3,600 worth of points without having pay a dime. If you want to take advantage of that sign up bonus or any of the other cards I will mention in this video, all while supporting my channel, please check out the credit card links that I have down below.
Earning 1.5 x points on any purchase is great, but earning two x points is even. With the Amex Blue Business Plus card, you will earn two X points on every purchase on up to $50,000 worth of spend per calendar year.
Once again, this card has no annual fee, so you are receiving positive value from the second you get it. And if you have the personal Amex Gold and Amex Platinum, the Blue Business Plus is naturally the next step to go as it will complete your Amex trifecta.
Although this card has a decent reward multiplier, it honestly has a pretty trash sign up bonus compared to the Chase cards. Before this, you will earn 15,000 Amex points after you spend $3,000 in the first three months.
That’s $300 of value if you transfer your points to a travel partner. But if cashback is more your thing, Amex also offers the Blue Business Cash card. This is almost exactly like the Blue Business Plus, except it earns cash back instead of points.