Small Business & Startups

The Best Credit Cards for Entrepreneurs

By December 12, 2013 No Comments

Last week, we shared an accounting lesson that has gained traction as only a video created by a CPA to explain how to make bookkeeping suck less could. Today, we thought we’d elaborate on a few key points. Specifically, what are the best credit cards for entrepreneurs.

Of course, this is just our opinion, but we think you should take it. We have worked with hundreds of entrepreneurs, from the most nascent startups to large SMBs. All have used a business credit card (we have smart clients) and these are the best we’ve seen. Check them out for yourself and find the one that fits your needs best:

TrueEarnings AmEx Card from Costco

  • 3% CASH BACKat US gas stations and on gasoline at Costco
  • 2% CASH BACKon eligible travel purchases, including at Costco, and at US restaurants
  • Up to $4,000 per year in purchases, then 1%
  • $0 Annual Fee with your paid Costco membership
  • 0% intro APR on purchases for 6 months, then a variable rate, currently 15.24%
  • Earn 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services
  • Earn 2% cash back on the first $25,000 spent annually at gas stations and restaurants
  • Earn 1% cash back on all other card purchases – with no limit to the amount you can earn
  • 0% Intro APR for 6 months on purchases and balance transfers
  • Free employee cards and set individual employee spending limits for greater control

Simply Cash Business AmEx

  • Option to carry a balance each month with interest
  • 0.0% introductory APR on purchases for the first 6 months, 9 months or 12 months, then a variable rate
  • 5%Cash back at U.S. office supply stores and on wireless telephone services purchased directly from U.S. service providers
  • 3%Cash back at U.S. gas stations
  • 1%Cash back on other purchases
  • $0 annual fee for each Additional SimplyCash Business Credit Card

Capital One Spark Cash Business

  • 2% cash back on every purchase, every day
  • One-time $100 bonus once you spend $1,000 on purchases within the first 3 months
  • One-time $50 bonus when you sign up for one or more employee cards within the first 60 days
  • Redeem cash rewards anytime
  • $0 Fraud Liability if your card is ever lost or stolen
  • 90-Day Purchase Protection

There you have it. Step Two, outlined for ease of execution.

Oh, in case you forgot to check out the video lesson, Step One is to open a business banking account. (Now might be a good time to watch and learn.)
Do you have a great business card to add to the list? Do share.

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