A business credit card //www.turneringram.com/ can be a helpful tool for managing your business expenses and building your business credit history. However, it’s important to choose the right card for your needs and to use it responsibly.
Here are some things to consider when choosing a business credit card:
- Rewards: Do you want a card that offers cash back, travel rewards, or other types of rewards?
- Annual fee: Some business credit cards have an annual fee, while others do not. Weigh the benefits of the card against the cost of the annual fee.
- Interest rate: Interest rates on business credit cards can be high, so it’s important to make your payments on time and in full each month to avoid accruing debt.
- Credit requirements: Most business credit cards require good or excellent credit. If you have bad credit, you may be able to find a card with lower credit requirements, but the terms and conditions may not be as favorable.
Once you’ve chosen a business credit card, it’s important to use it responsibly. Here are some tips:
- Keep track of your spending. It’s important to keep track of your business expenses so you can stay on budget. Many business credit cards offer online tools to help you track your spending.
- Pay your bill on time. This is the most important thing you can do to build your business credit history. Make sure to pay your bill in full each month to avoid accruing interest charges.
- Don’t overspend. It’s easy to overspend with a credit card, so it’s important to be mindful of your spending. Only charge what you can afford to pay back.
By following these tips, you can use a business credit card to help your business succeed.
Here are some of the best business credit cards of 2023:
- Ink Business Unlimited® Credit Card: This card offers unlimited 2x points on all purchases, with no annual fee.
- The Blue Business® Plus Credit Card from American Express: This card offers 2x points on eligible purchases at gas stations and office supply stores, and 1x points on all other purchases. It also has a 0% intro APR on purchases for 12 months.
- Capital One Spark Miles for Business: This card offers unlimited 2x miles on travel and 1x miles on all other purchases. It also has a $95 annual fee.
- Ink Business Preferred® Credit Card: This card offers 3x points on travel, shipping, office supplies, and internet/cable/phone services, and 2x points on gas stations and restaurants. It also has a $95 annual fee.
- Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card: This card offers 3% cash back on gas and office supplies, 2% cash back on dining and travel, and 1% cash back on all other purchases. It also has a $0 annual fee.
These are just a few of the many great business credit cards available. To find the best card for your business, compare offers from a variety of issuers and consider your specific needs and budget.