Big Changes with WEX Fleet Cards Regarding Personal Guarantees

Wrights Express, or WEX, is a universal fleet fuel card provider associated with a number of stations across the U.S. They offer a number of fuel card rewards programs and benefits designed to cater to a business’s specific needs and gas station preference.

Historically, they have also been one of the only credit issuers that a company could get a business credit card from without a personal guarantee. Unfortunately, this is no longer the case.

WEX Now Requires a Personal Guarantee on Business Fleet Cards

As of Friday, May 13th, 2022, WEX now requires a personal guarantee on any business credit card they issue. This is a big change that is going to rock the fleet credit world. In fact, it may even be the biggest change with the most impact on business credit in the past 10 years.

What Does this Mean for Businesses?

It’s going to make it hard for a lot of businesses to get a credit card or account to manage company automobiles. Trucking company owners looking to add a business credit card to manage their fleet are going to be hit the hardest. They aren’t the only ones though. Any company that wants to use fleet credit is likely to struggle.

Why Will the WEX Personal Guarantee Requirement Cause Some Business Owners to Struggle?

Before the change, WEX was one of the few fuel card options for business owners that do not have good consumer credit. They could access a WEX fuel card on the merits of their business credit only. Then, they could take care of fleet related expenses using the business credit card regardless of consumer credit.

Approval Based Only On Business Credit History No Longer an Option

Now, this is no longer an option. With the added requirement of a personal guarantee, business owners with bad credit will have a harder time getting the fleet fuel cards that they need.

Why Did WEX Change Their Personal Guarantee Requirements for Business Credit Cards?

Most business credit cards already require a personal guarantee. There are a select few that do not, and with this change, the number is even fewer

The reasoning behind the WEX decision is that it helps prevent fraud. The addition of a consumer credit check and personal guarantee requirement is thought by WEX to be a way to help prevent fraud.

They see it as a layer of protection for both themselves and the small business owners they serve with business credit cards. Of course, in the end, this policy reduces risk for WEX and increases personal risk and personal liability for business owners. This is because by definition, a personal guarantee means if the business defaults, the business owner is responsible for the debt.

How Big Of An Impact Will This Change Have on the Ability to Get a Business Credit Card for Fuel?

Honestly, it’s big. Just to give you an idea, here is a list of brands affected in addition to WEX’s own brand.

WEX Associated Fuel Card Brands

7-Eleven
76®
Chevron and Texaco
Circle K
CITGO
DK
ExxonMobil
GetFleet
Gulf
Irving Commercial
Kum & Go
MAPCO
Marathon
Maverik
Meijer
Murphy USA
Phillips 66®
QuikTrip
RaceTrac
Royal Farms
Sheetz
Shell
Sinclair
Speedway
Stripes
Sunoco
Tesoro
Thorntons
Valero
Wawa

As you can see from this list, the ripples caused by this monumental change are far reaching. Add in the fact that often this type of credit card isn’t just for fuel purchases, and the impact is even larger. Sometimes they aren’t even limited to purchases at gas stations. In addition to fuel purchases, many fuel cards can be used to pay for fleet maintenance, car washes, and even snacks at gas stations.

What Can You Do?

The big question, if you fall into the rather large category of those needing to access business credit fleet fuel cards that do not have the best consumer credit, is what now? Well, now is the time to double down on both business credit and consumer credit.

Build Credit for Your Business

Building business credit is more important than ever. That’s because if you do have great company credit, your consumer credit may not weigh as heavily into the approval decision.

Business Credit Can Help With More Than Approval

Beyond that, it can affect the terms, limits, and rates you receive. A consumer credit score that is just okay along with a great company credit score is going to do a lot better than two just okay scores. This is true with most any credit card for businesses, not just fleet fuel cards.

Business Credit Still Matters

Whatever you do, do not let business credit go by the wayside simply because consumer credit is now going to come into play when you apply for a WEX fuel card.

The stronger it is, the more likely you are to get approval for WEX fleet fuel cards, and any other credit card for your business for that matter, even if your personal credit is lower than those who make approval decisions would like.

Still, it may be harder to get fleet fuel cards initially, before you have established business credit, if your consumer credit does not meet the WEX requirements for a personal guarantee.

WEX is Still Useful for Building Credit For Your Business

It’s important to note that WEX is still one of the few credit card providers for businesses that report to the business credit bureaus.

That means their fleet fuel cards are still useful not just for managing cash flow and expenses, but also for building business credit.

You just have to be more aware of your personal credit and ensure your company credit is as strong as possible before you apply for a fuel card from them.

Can You Still Access Business Gas Cards?

Yes! There are still options for Business Fuel Credit Cards without a personal guarantee, it may just require a little additional work to get there. You need to build business credit in the fastest, most effective way possible. That’s where Credit Suite can help.

Not only can we help you build your credit for your business, but we can also help you find the best business credit cards and accounts for your specific needs.

The post Big Changes with WEX Fleet Cards Regarding Personal Guarantees appeared first on Credit Suite.

Using Fuel Cards to Mitigate Rising Gas Prices

Gas prices tend to rise. But, between the Russian invasion of Ukraine, COVID, inflation, and everything else going on in the world, we are in the midst of a pretty hefty price hike. Demand is high, as always. And companies are working to ramp up production. Yet prices are still going up. Rising gas prices are with us.

The fact is, the cause of high gas prices doesn’t matter. Even without Russia, Ukraine, and COVID, there is plenty out there that can affect gas prices. Higher gas prices cause higher prices of everything. That, in turn, affects both demand and supply. It’s a vicious cycle.

No Business is Safe from Gasoline Prices Going Up

The price of gasoline affects all businesses. Fuel prices cause high prices across the entire supply chain. Rising costs of fuel means the cost to transport goods increases. That means the price of the goods themselves rise.

Whether you are a business that runs a fleet, or you just have a couple of company vehicles, the price of gas is an issue.

Use Gas Cards to Mitigate Rising Cost of Gas

It’s not a perfect solution, but it can help. At least, it can bridge a gap temporarily. Even better, some fuel cards offer discounts so you save on gasoline prices directly. Others offer points to help you save on non fuel related expenses.

Benefits of Using Gas Cards

With access to fuel cards, you don’t have to stop business, either production or transportation, when you can’t cover fuel immediately with cash on hand. This may allow companies to slow the need to increase prices, and help the market out just a little. Still, you have to be careful.

To avoid steep interest rates, you need to pay off the entire amount monthly. Also, be sure you choose a card with rewards that will actually help you.

Basically, just handle the cards responsibly. If you end up with a fuel bill you cannot pay at the end of the month, you aren’t helping yourself.

How Do You Find the Right Fuel Cards for Your Business?

Fuel cards can only help if you use them appropriately and take advantage of discounts and points. We have details on a wide variety of business cards, including fuel cards. Some of them are even starter vendors.

Our Business Credit Builder saves you time and money by taking the guesswork out of which cards you qualify for and when. We take you through a step-by-step process to build a Fundable Foundation and beyond, so you can get the funding you need, when you need it.

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Get a Credit Card Statement Credit with These 4 Dynamite Business Credit Cards

Did You Know There Are Credit Cards Where You Can Get a Credit Card Statement Credit?

What is a statement on a credit card? A credit card statement credit—often in the form of a signup bonus—is a popular way for business credit cards to give you perks. It’s a great win-win. For the credit card company, it’s a bookkeeping matter. They don’t have to issue a check and they don’t have to keep track of points. For you, it’s money off your credit card statement balance. And who doesn’t want that?

Keep in mind: all business credit card terms can and do change. As a result, be sure to check the credit issuer’s website before choosing a business credit card. Check out our top choices.

#4. Get a $150 Credit Card Statement Credit from the Marriott Bonvoy Business Card

With the Marriot Bonvoy Business Card, you can earn up to $150 back in statement credits on eligible purchases made in the first 3 months. You can also earn sextuple points on eligible purchases at hotels participating in the Marriott Bonvoy program.

APR on purchases will be a variable rate, 15.74%—24.74%, based on creditworthiness. There is a $125 annual fee.

#3. Get a $150 Statement Credit in the form of 2% Cash Back with a Cash Back Bonus: TD Business Solutions Credit Card (Visa)

With the TD Business Solutions Credit Card, you can earn $150 cash back as a statement credit when you spend $1,000 in the first 90 days. Earn up to 2% cash back rewards when you redeem them into an eligible TD Bank Deposit Account. Get 1% cash back on purchases. There are no cash back limits. A 13.99%, 18.99% or 23.99% APR is based on creditworthiness for purchases and credit card statement balance transfers.

Pay no annual fee, but there is a 3% foreign transaction fee. Since every business needs a bank account, opening a deposit account at TD Bank could be a good idea. The minimum spend should be easy to achieve, but the reward bonus isn’t as big as ones you can get from other banks. Plus, you can often get a higher percentage of cash back from several other providers, without having to open a bank account.

#2. Get a $250 Credit Card Statement Credit from the American Express Blue Business Cash Card

With the American Express Blue Business Cash Card, you can earn a $250 credit on your remaining statement balance. So, this is for after you spend $3,000 in purchases on in the first 3 months. It has a 0.0% introductory APR on purchases for the first 12 months. After that APR is variable, from 13.24%—19.24%, based on creditworthiness. Plus, there is no annual fee.

#1. Get a $300 Credit from the Business Advantage Travel Rewards World Mastercard®

We saved the best for last. With the Business Advantage Travel Rewards World Mastercard®, you can earn 30,000 online bonus points after spending at least $3,000 in the first 90 days. You can redeem your points for a $300 credit card statement credit towards travel or dining-related purchases.

It has a 0% Introductory APR on purchases for the first 9 billing cycles. After the intro APR offer ends, a variable APR of 12.24%—22.24% will apply. This card has no annual fee.

Bonus: Get a Statement Credit with Conditions from Spark 2X Miles

With Spark 2X Miles, you can earn unlimited double miles on every purchase. Plus, earn a 50,000 miles bonus when you spend $4,500 in the first 3 months. Pay a $0 intro annual fee for the first year, then $95 after.

You can get a credit card statement credit in one of two ways. One is if you use your card to complete the Global Entry application and pay the $100 application fee. The other ways is to complete the TSA Pre✓® application and pay the $85 application fee. Credit will appear within two billing cycles. It will apply to whichever program you apply for first. You can only get one statement credit per account every four years.

You are eligible for one $100 statement credit per account, OR one $85 statement credit per account. This is for every 4 years in connection with the Global Entry or TSA Pre® program application fee.

Also, to apply the credit, your account must be open and in good standing. You cannot get a statement credit for fees charged to a Spark Miles Select card, or any Capital One card that is not a Spark Miles card. And you cannot get a statement credit for fees paid for with PayPal®.

Bonus: Get a Choice of Statement Credit Amounts from the Business Platinum Card® from American Express

With the Business Platinum Card® from American Express, you have a choice of statement credit types and amounts.

You can get a $400 statement credit on purchases from Dell Technologies. Or earn a $360 statement credit on purchases from Indeed. Another option is a $150 statement credit for subscriptions from Adobe Creative Solutions. And another choice is a $120 statement credit for wireless telephone service purchases.

Other perks include quintuple points on flights and prepaid hotels. You can also get credits and bonuses for airline and other travel costs.

Pay a 0.0% intro APR for the first 12 months, on purchases eligible for their ‘Pay Over Time’ program, then a 14.24%—22.24% variable APR.

But this card, as you would expect from platinum, has a $695 annual fee. We put this one a bit ahead of the Delta card (see below) because there are more and larger statement credit options. Plus they don’t seem to award statement credits on a quadrennial basis. If you travel a lot for business, and if you need to impress clients, then this one may be worth your while. But an annual fee that runs over 1/3 of a typical monthly mortgage payment is an extremely high hurdle to get over.

Bonus: Get a $100 Credit Credit from Delta SkyMiles® Reserve Business American Express Card

With the Delta SkyMiles® Reserve Business American Express Card, you can get a $100 statement credit after you spend $4,000 in the first 3 months. Also, Basic Card Members can get a statement credit for a five-year membership every 4 years after applying for Global Entry ($100). Or get a statement credit every 4.5 years after applying for TSA Pre✓® (up to $85) through any Authorized Enrollment Provider.

APR on purchases will be a variable rate, 15.74%—24.74%, based on creditworthiness.

But there is a ridiculously high $550 annual fee! The statement credit is nice, but it is not worth it.

Takeaways

The business credit cards we reviewed offer statement credit deals running from $85 to $400. Annual percentage rates run from 0% t0 24.74%, with many cards offering a 0% introductory APR for a limited time. Some cards offer monetary bonuses, often dependent upon spending a minimum amount during a short window of time. And always check a provider’s website for the latest and most accurate details on any business credit card that interests you.

The post Get a Credit Card Statement Credit with These 4 Dynamite Business Credit Cards appeared first on Credit Suite.

Discover 6 of The Best Business Credit Cards for Travel Points and A Little-Known Strategy to Improve Your Chance of Approval

Credit card rewards can be a great financing tool. Rewards points can reduce major expenses when you redeem them for cash back, statement credit, and more. If your business involves a lot of travel, travel points can be a huge budget saver. Strong business credit can help increase your chances of approval when it comes to business credit cards for travel points.

Increase Your Approval Chances When it Comes to Business Credit Cards for Travel Points, and Get our Top Picks for the Best Options

Of course, you will also need to do some research to determine which credit cards for travel points will work best for your business. Never fear, because we put together a list of some of the best business credit cards for travel to give you a head start.

Our Favorite Business Credit Cards for Travel Points

These are some of our top picks for credit cards that offer travel points, but remember, details can change often and without warning. Please check with the card provider directly to ensure you have the most current information.

Bank of Hope Credit Card

The Bank of Hope credit card offers many benefits. There is no annual fee, and you earn 5,000 bonus points after spending $1,000 in the first 3 months. Not only that, but you also earn 3x points on gas, 2x points on travel and dining, and 1 point per dollar on all other purchases. There is also a 0% introductory APR for 9 months. After that, there is a variable APR of 12.49%, 16.49% or 20.49% based on creditworthiness.

Banner Bank Credit Card

Another good option is the Banner Bank Credit Card. There is a $19 per card annual fee, and you earn 3 TruRewards points per net dollar on retail, internet, phone or mail order purchases. You can redeem points for cash back, travel, gift cards or merchandise. The best part, however, is the fixed 11.99% APR.

Business Advantage Travel Rewards Credit Card

The Bank of America Business Advantage Travel Rewards credit card is made for small businesses. It boasts a $0 annual fee. There is also a bonus of 30,000 bonus points. Regular rewards include 1 point per dollar on all purchases, except for 3 points per dollar on travel purchases booked through the Bank of America Travel Center. There is a 0% introductory APR for the first 9 billing cycles. After that the APR is 12.24-22.24%.

PNC Travel Rewards Visa Business Credit Card

The PNC Travel Rewards Visa business credit card allows holders to earn 1 mile per $1 in eligible net purchases and double miles on the first $2,500 in eligible net purchases. There is a variable APR of 10.99-19.99% and no annual fee.

Mastercard Money Manager Business Credit Card

With the Money Manager Business Credit Card from Mastercard, you can earn travel benefits or merchandise via Republic Bank’s ScoreCard rewards. There is no annual fee the first year, and a $95 annual fee thereafter. You can also get automatic fuel discounts and 0% intro APR for 9 months. After the introductory period, the interest rate is 17.45%.

Synovus Business Travel Rewards Visa Credit Card

This Synovus Business Travel Rewards Visa Credit Card offers 0% APR for the first 6 months on purchases. There is no membership fee the first year, and then $50 per year thereafter. You earn 5x points on up to $5,000 per year spent on travel purchases. This includes hotel, airlines, car rental, and vacation packages. You also earn 3x points on up to $3,000 spent quarterly for purchases in the category of your choice, and 1x points on all eligible purchases. There is no limit on points, and you can pay for purchases with points, subject to some restrictions. Points are worth 20% more when redeemed for travel.

Tip: Strong Business Credit Can Help You Get Business Credit Cards for Travel Points

Despite the fact that most credit cards will pull your consumer credit report, business credit can still play a role in the approval process. If your personal score is not right where it needs to be, but your business credit score is strong, you are more likely to be approved. Not only that, but you will have a better chance at getting the best rates and terms available.

This is why it is important to ensure your business credit is where it needs to be. A business credit expert can help. Get a free business credit consultation now.

The post Discover 6 of The Best Business Credit Cards for Travel Points and A Little-Known Strategy to Improve Your Chance of Approval appeared first on Credit Suite.

5 Business Credit Cards with Benefits That Will Surprise You

Get Business Credit Cards with Benefits – Check Out Some Unique Perks

There are business credit cards with benefits that go way beyond cash back or a low APR. Come and check out some truly unique perks.

Business Credit Cards with Benefits That Are Unique

Some business credit cards have unique benefits not fitting under any other categories, like low APR or cash back.

Some of these cards enroll you in some sort of unique benefits program. Still others may offer certain purchase discounts. And some of these aren’t quite available yet. Here’s our top 5 and a few honorable mentions.

Keep in Mind

Terms and rates are subject to change. In particular, many annual percentage rates tie to the Prime Rate. Banks and other credit providers sometimes add or drop features, or even credit cards. As always, the best source for all credit card information will be right on the provider’s website.

Business Credit Cards with Benefits Where You Can Buy Crypto: Honorable Mention – Gemini Credit Card from MasterCard (personal)

The Gemini credit card came about after Gemini’s recent acquisition of Blockrize. Blockrize already had a cryptocurrency credit card in the works. Buy crypto with this soon to arrive credit card, slated to be available in the summer of 2021.

With Gemini Earn, you can earn interest on your cryptocurrency. This compounds daily, up to 7.4% annual percentage yield. Until the card is issued, it will be hard to assess who it would be best for. Although backing from MasterCard is good news.

Unique Benefit Credit Cards: Honorable Mention – Mercury Bank MasterCard (personal)

Mercury is an angel-funded bank serving startups. Pay a $0 or $79 annual fee. Transfer APR is $5 or 4% of amount of each transfer, whichever is more. There are cashback rewards for the Mercury Bank MasterCard, but they are not specified on the bank’s website. Pay 26.99-29.99% APR. This is a good card for startups but the interest rates are high, so be sure you can pay on time before you start charging.

Business Credit Cards with Benefits Where You Can Get Amazon Discounts: #5 – Amazon Prime Store Card

If your business shops at Amazon often, then this could be the card for you. You get a $60 Amazon gift card upon the approval of your application. Get 5% cashback on Amazon purchases. And you pay no annual fee. However, limits for the Amazon Prime store card seem to be low. There are reviews of this card on the Amazon website and you should check them before applying.

Business Credit Cards with Benefits for Veterans and Active Armed Forces: #4 – Navy Federal GO BIZ Rewards Card

This Navy Federal business credit card is available as either a MasterCard or Visa. Benefits differ depending on which card type you choose. Get 1 point for each dollar spent but rewards depend on if you have a Visa or MasterCard. With a Navy Federal Visa, you get access to Visa SavingsEdge. With a MasterCard, you get a collision damage waiver.

Pay no foreign transaction fees. There is no earnings cap and there is no annual fee. Pay an APR as low as Prime+ 5.90%.

Get GO BIZ Rewards. You can redeem points for gift certificates, cash deposited into your savings account, and more. Note: this card comes from a credit union, and you must be a member first. You can only be a member of the Navy Federal credit union if you’re attached to the military, the Department of Defense, or the National Guard and their families. If you can qualify for this card, the interest rate is stellar and it goes beyond an introductory period.

Unique Benefit Credit Cards: #3 – Brex Credit Cards for Startups

You will not need to provide a personal guarantee. They will underwrite based on your EIN. Only companies organized and registered in the US may apply for a Brex account. These are like C-corps, S-corps, LLCs, or LLPs. Pay no annual fee for the Brex credit card for startups.

Get unlimited points. You can get 7x points on rideshare. Get 4x points on Brex travel. You get triple points on restaurants. Get double points on recurring software costs. And get 1x points on everything else.

Earn points on everything you buy. Redeem them for Bitcoin or Ethereum through Brex’s partner TravelBank. But there are some industries they will not work with, as well as others where they want more paperwork. They will not accept the cannabis industry, and crypto is a restricted industry.

Credit Cards with Benefits Where You Can Build Personal (and Some Business) Credit: #2 – Sofi Credit Card (personal)

While this is a personal card, the perks are so unique we had to include it. You can earn 2% cash back on all eligible purchases. You can redeem your cash back straight into crypto with a SoFi active invest account. Pay no annual fee and no foreign transaction fees.

Make 12 monthly on-time payments of at least the minimum due, and SoFi knocks 1% off your APR. Otherwise, standard variable APR for purchases is 12.99-24.99%, based on creditworthiness. The SoFi credit card‘s APR ties to the Prime Rate. Balance transfer APR is 12.99-24.99%, based on creditworthiness.

Perks programs include the Sofi credit card rewards program. Rewards include a Lyft credit for a minimum number of rides taken in a month, once per month. There’s also the Sofi member rewards program. That’s where you can apply points toward loans, including student loans, and Mastercard World Elite.

Credit Building

Since this card lets you plow points into paying off loans, it can improve your personal credit. And paying on time will improve your personal credit even more. Experian’s business credit score calculations include personal credit scores. So, indirectly, this card could help you build business credit.

Business Credit Cards with Benefits to Help You Manage an SBA Express Loan: #1 – Zions Bank SBA Express Business Visa Debit Card

The Zions Bank SBA Express Business Visa debit card is #1 because it floored us. And then we wondered – why doesn’t every SBA Express lender do things this way? Pay no membership/account fees. Use this card to manage SBA Express loan money from Zions Bank that’s already approved.

Get travel accident insurance and other credit card perks, which you would not normally get from an SBA Express loan. This card is only available to SBA Express borrowers. If you’re an SBA Express borrower (or want to become one), we could not find a downside to getting this card.

Small Business Credit Cards with Benefits: Takeaways

Business credit cards with benefits have positives beyond lower APRs and travel points. Buy bitcoin, or access Visa SavingsEdge, or the MasterCard Easy Savings program. Or pay low interest rates by leveraging a connection to the armed forces. Or even manage an SBA Express loan. But never forget: the best business rewards credit card is the one you’ll use, with rewards that make sense to you.

Let us work with you, and help you decide on what’s best for you and your business.

The post 5 Business Credit Cards with Benefits That Will Surprise You appeared first on Credit Suite.

Surprise! Charitable Credit Cards Really Do Exist

Truly, charitable credit cards do exist. But, how do you find them? Furthermore, how do you use them to support causes you care about? Finally, how do you find the right one for you? Oh, and can you use them for your business? Let’s find out.

Top 3 Charitable Credit Card Options

Whether you want a card that donates to charities, community development, or the environment, you do have options. However, there aren’t a lot of them. Furthermore, it takes some research to find exactly what you are looking for.

Regardless, we’ve put together a list to help you get started. Remember, specifics such as interest rates and terms can change. So, you’ll need to check directly with the credit provider for the most up-to-date information.

Score the best business credit cards for your business. Check out our professional research.

Green America

According to the website, Green America uses a portion of each purchase to help to create a “more socially just and environmentally sustainable society.” Of course, Green American is a well known company. However, they do not make it clear exactly how using the card works to achieve this goal. As a result, you should contact them directly if you want more details.

Initially, for the first 12 months, there is no annual fee. Also, for this same time period there is no interest on purchases and balance transfers. After that, it varies between 9.99% and 19.99% based on how creditworthy you are.

They do offer a rewards program as well. In fact, you earn one point per dollar on net purchases. There’s no limit, and the points do not expire. You can use points for travel rewards or merchandise. This is a consumer credit card.

Aspiration

First, there is a waiting list for this card. Still, if it’s something you feel strongly about you may want to get on it. Here is how it works. Every time you make a purchase, they plant a tree. Even better, they let you plant one too. In addition, you can track your progress toward reducing your carbon footprint in the app. Then, you get cash back up to 1% of all your purchases for each month that you get to zero. This is also a consumer card.

Amalgamated Bank

Amalgamated Bank’s cards offer the chance to make a change. In fact, they call themselves “the bank for changemakers.” The company supports “sustainable organizations, progressive causes, and social justice.”

They aim for environmental and social responsibility. They are “net-zero.” Also, they use 100% renewable energy. Furthermore, they pride themselves on their history of supporting immigrants, affordable housing, and workers’ rights.

For example, they work with over 1000 unions to ensure teachers, steelworkers, firefighters and others get what they need to do their jobs.

As a result, when you use credit cards from Amalgamated Bank you are supporting these same causes.

Score the best business credit cards for your business. Check out our professional research.

Cards From Amalgamated Bank:

They offer a number of credit card options for businesses. Here’s a little about each one.

The Commercial Edition® Visa®

This card works well for travel, entertainment, and other spending. It helps companies keep control and improve cash flow. Additionally, it also helps them understand their spending patterns by offering specific reporting options. Furthermore, account holders have the ability to establish spending limits for individual card holders.

VOX® Business Card

Similarly, this card is great for travel, entertainment, and purchasing. Surprisingly, VOX changes and grows with the business to give flexibility when it comes to cash flow and minimum payment options. The credit limit also tends to be high. Terms and rates vary.

Purchasing Edition® Visa® Card

The Purchasing Edition® Visa® Card is the one to go with if you need to receive goods faster and negotiate cheaper costs with suppliers. You can also improve cash flow.

Amalgamated states that you need to speak with an account executive for details on each card and which one might be best for your business.

Other Resources For Help Finding Charitable Credit Cards

Another way to find options for charitable credit cards is to look for those that work with these agencies.

The Global Alliance for Banking on Values

The Global Alliance for Banking on Values (GABV) is a network of leaders from banks around the world. They are committed to positive change in the banking industry.

Their goal is to change the entire banking system to support environmental, social, and economic sustainability. The alliance is made up of a variety of banking institutions.

Score the best business credit cards for your business. Check out our professional research.

Community Development Financial Institutions (CDFIs)

According to Investopedia:

“Community Development Financial Institutions (CDFIs) are private sector financial institutions that focus primarily on personal lending and business development efforts in poorer local communities requiring revitalization in the U.S.”

Of course, working with CDFIs is another way companies can offer support to each other and their communities.

Charitable Credit Cards do Exist

As you can see, if you are looking for a charitable credit card, this is a good starting point. Depending on what you want, you may have to do more work however. For example, are you looking for a card that donates to a specific charity? Rather, are you more concerned with finding a company that holds to the same values you do? There is a card out there for you, but it may take some time to find it.

Credit Suite can help you find credit cards and other funding options for your business. Find out more today.

The post Surprise! Charitable Credit Cards Really Do Exist appeared first on Credit Suite.

Service Credit Cards: A Valuable Source Of Funding

Organization Credit Cards: A Valuable Source Of Funding

One of the secrets to service success exists in enough resources: you require it to obtain with the ever-changing times of your little service. A current study revealed that 90% of tiny service proprietors make use of a company credit score card.

Accessibility to Funding
When beginning a brand-new organization, locating resources of financing can be an obstacle. A company charge card permits you very easy accessibility to a credit line. The credit line for service bank card is normally greater than individual cards.

Lots of service debt cards, consisting of the Platinum Business Credit Card from American Express and also the Chase Platinum Visa ® Business Card, supply 0% APR initial prices. This can aid start your organization.

Capital Solutions
Offering first financing, an organization credit rating card enables you to prolong money circulation. As you obtain cash money from customers as well as clients, you can pay off the credit score card equilibrium

With a company debt card, unlike a company one, you are directly accountable for paying off the financial debt. By establishing as well as tracking acquisitions up a repayment routine, you can prevent running right into debt card financial debt.

Bonus Bonuses
Service credit scores cards provide tiny firms a riches of advantages. As your company expands, you can include staff member cards.

An organization charge card will certainly aid you track expenditures. Annual as well as regular monthly declarations demonstrate how much you have actually invested, as well as some will certainly also classify products. This allows you to swiftly examine exactly how funds are being made use of.

Numerous organization bank card supply benefits programs. You might wish to get 5% money back on acquisitions, or gather factors that can be retrieved for traveling rewards and also various other incentives.

As you think about which charge card will certainly function best for you, check out your service and also its requirements. If you take a trip often, a benefits program with airline company miles is excellent. And also if you merely desire a lot more money accessible, seek a cash money back program.

Whatever you are looking for, opportunities are you will certainly be able to locate it in an organization credit report card. Sight your company debt card as one of the economic devices for your service.

One of the tricks to company success exists in enough funding: you require it to obtain via the ever-changing times of your little organization. A current study revealed that 90% of tiny company proprietors utilize a company credit scores card. The debt limitation for company credit rating cards is generally greater than individual cards.

Numerous organization debt cards, consisting of the Platinum Business Credit Card from American Express as well as the Chase Platinum Visa ® Business Card, provide 0% APR initial prices. Sight your company credit history card as one of the economic devices for your service.

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What No One Will Tell You About Retail Credit Cards

When you get a credit card tied directly to a store, it’s called a retail credit card. Common examples include retail credit cards from Lowe’s and Office Depot. Generally, you can only use these accounts at the specific store that issues the card. Some stores offer credit accounts with net terms rather than retail credit cards.

Retail Credit Cards and Accounts Can Push Business Credit Beyond the Beginning

There are a lot of steps to building a business credit profile that many business owners just don’t know. We do our best to help out in that area, but once you get started, you have to keep going. Building a fundable foundation is important, of course. You cannot have business credit without that.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Then, you have to get initial accounts reporting. That’s where starter vendors come in. Yet, you can’t stop there. That is just the effort it takes to build the snowball and get it to the edge. You have to push it down the hill if it is ever going to grow.

That is where you get to the next step after starter vendors. In the Business Credit Builder we call it Tier 2. This is where second step credit providers live.

Retail Credit Cards and Accounts: AKA Tier 2 Credit Providers

There are various types of credit providers in the Tier 2 category. These are credit providers that will approve you with limited business credit history or a personal guarantee. What really sets them apart is that they will report your on-time payments to the business credit reporting agencies.

Not all business credit providers do that. Many will only report late or missed payments, if they report anything at all. However, if you find those that report positive payment history, your business credit profile continues to grow. Your business credit score continues to grow as well.

This is how your business credit score can really take off.

Finding Tier 2 Retail Credit Providers

It can be a bit tricky to find these types of accounts. Despite the fact that most large retailers offer retail credit cards or net accounts, many do not make it easy to find out whether or not they will report. If you are working on building business credit, reporting on-time payments is vital.

That’s part of the value of the Business Credit Builder. There is a whole database full of Tier 2 vendors that report. We list them for you along with what it takes to get approval and which business credit agencies they report to.

Some will still extend credit, and still report to the business credit reporting agencies, even if you do not meet the requirements or do not have enough business credit history. The catch is, they will require a personal guarantee.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Retail Credit Cards or Net Accounts and a Personal Guarantee

Others will not require a PG, but it will make it much easier to get approved with minimal business credit history. This is why the first steps of the Business Credit Builder are so important. Without a strong business credit profile, you may be able to get approval with a PG. In contrast, if you build a solid foundation and business credit score with starter vendors first, you can get approval without a PG.

That right there is the secret that no one wants to talk about when it comes to retail credit. You do not have to give a personal guarantee to get it. There is another way. You can build a strong business credit profile before you apply.

It’s not that a personal guarantee is bad, per se. Sometimes you may need it to get started. Still, it does add more liability to you personally. So, if you can get away without it, why not?

Examples of Tier 2 Retail Credit

Here are just a few options from the Business Credit Builder.

Home Depot

Home Depot requires:

An EIN
Business address- matching everywhere.
D & B number
Business License- if applicable
Business Bank account

They also like to see a minimum of 2 accounts reporting. But, they will look at the merit of the overall application, so minimum accounts reporting isn’t necessarily a deal breaker.

They also require a business phone number listed in the 411 directory and at least 3 years in business. The minimum PAYDEX required is 80, and you must also have a good Experian business score. You can request Net 60 terms after the account is established.

If there is not enough business credit history or you have been in business for less than 3 years, a Personal Guarantee(PG) is required.

Quill.com

Quill.com sells supplies any business can use in day-to-day operations, including office and cleaning supplies. For approval, they want to see:

Business address- matching everywhere
D & B number
Business License- if applicable
Business Bank account
At least 3 trade/credit references
A good D&B paydex score of 80 or higher
That the business has been established for at least 6 months

New businesses or businesses with no credit history with D&B may need to pre pay purchases for 3 consecutive months until Net 30 is approved.

Office Depot

To get approval for Net 30 with Office Depot you must have:

An EIN
A business address- matching everywhere.
Your business License- if applicable
A business bank account
At least 3 years in business
A good D&B paydex score of 80 or higher and good Experian business credit score

If any above criteria is not met, a Personal Guarantee (PG) is recommended but not required.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Once you’ve got your 5 (or more) starter vendors reporting, you should be eligible for credit from these retailers. That is, assuming you have handled your credit from starter vendors wisely. As you can see, exact requirements for approval vary by lender.

Retail Credit Cards or Net Accounts and Building Business Credit

Many of these credit providers have more than one option for business credit. For example, they may offer net terms as well as a revolving account. If you do not qualify for the revolving account, you may qualify for net terms.

You can use the net account to help you build your business credit profile until you qualify for the revolving account. These examples can help you see what’s out there and what it takes to get approval. They make it crystal clear why building a fundable foundation and getting initial accounts reporting using starter vendors is vital.

Once you do so, you can get retail credit accounts from tier 2 reporting as well. This keeps the snowball rolling and growing allowing you to pick up bigger accounts with better terms. If done properly, the need for a personal guarantee can be kept to a minimum.

The post What No One Will Tell You About Retail Credit Cards appeared first on Credit Suite.

Could These Be the Best Intro APR Business Credit Cards?

Are There Good Intro APR Business Credit Cards Out There?

Are you looking for business credit cards with a 0% intro APR? We combed through several selections and weighed the pros and cons. The length of the introductory APR period was only one of our considerations. In fact, all of the cards we’re talking about today have no annual fee!

But let’s step back and look at some definitions first.

Annual Percentage Rates

APR is a yearly interest rate. It includes fees and costs paid on borrowed money (loans or credit). Lenders are required by law to disclose this. The rate comes from taking the periodic rate and multiplying it by the number of billing periods in a year. A credit card may have separate APRs for balance transfers, cash advances, or other special offers. If offers are subject to an expiration date, the relevant balance will usually revert to your default APR.

Variable Rate (or Variable APR)

This is an annual percentage rate that can change throughout the year. It can be an introductory APR that changes after a specific period of time. Variable APRs will likely change if the Prime Rate changes. So it makes sense to pay attenti0n to financial news. That way, you know if and when the Prime Rate changes.

Introductory APRs

There are a lot of business credit cards which have a 0% intro APR. The length of the introductory period can vary. So can the APR charged after the introductory period expires. Always check the fine print because there may be other charges that apply. They could negate the benefit of the introductory APR. Note: late payments can often be subject to the higher, post-introductory APR.

Honorable Mention: Get Product Savings

Regions Visa Business Enhanced Credit Card

First of all, consider the Regions Visa Business Enhanced Credit Card. You can earn Regions Relationship Rewards on qualifying purchases. You can redeem these for cash, statement credits, travel, and more. And you also get access to Visa SavingsEdge which provides an automatic savings of up to 15% on eligible purchases. Discounts appear in the form of statement credits. Pay no annual fee.

Get a 0% introductory APR through the end of the sixth billing cycle after account opening. Then pay a 11.49-22.49%, per creditworthiness. Pay a 11.49-22.49% balance transfer APR. This is a good card if you can wait for perks as the statement credits for both programs may take a cycle to show up on your account. But it’s also a decent card for interest rate – if you’ve got good personal credit scores.

Business Credit Cards with 0% Introductory APR for 12 Months and Cash Back

While these two cards had the longest intro APR period we found, their perks were … okay.

#10. Chase Bank Ink Business Unlimited®

With the Chase Bank Ink Business Unlimited® card, you get a $750 bonus cash back if you spend $7,500 in the first 3 months after account opening. Pay no annual fee. Get 1.5% cash back unlimited. Pay a 0% APR on purchases for the first 12 months after account opening. Then pay 13.24-19.24% per creditworthiness. Balance transfer APR is 13.24-19.24% per creditworthiness. If you have several computers or other expensive equipment to purchase, buy them fast to take advantage of the cash back bonus

#9. Chase Bank Ink Business Cash®

For somewhat decent interest rates, check out the Chase Bank Ink Business Cash® card. Pay 0% APR on purchases for the first twelve months. And then pay 13.24-19.24%. you pay no annual fee.

Get 5% cash back on the first $25,000 you spend on certain business products. These include office supply stores, internet, cable, and phone services. This works out to 4% added cash back rewards on top of 1% cash back rewards earned per purchase. The $25,000 flat spending limit resets every year. You can get $750 bonus cash back if you spend $7,500 in the first 3 months after account opening.

It’s pretty hard to hit the minimum spend. The agreement does not prohibit using your card to buy pricier items like plane tickets, vehicle repairs, or even heavy equipment. Still, you may find that using other means, like equipment financing or fleet credit, would make for a better deal for your business.

Score the best business credit cards for your business. Check out our professional research

Business Credit Cards with 0% Introductory APR for 9 Months and Triple Points on Gas

#8. Bank of Hope Business Rewards Visa® Credit Card

Take a look at the Bank of Hope Business Rewards Visa® Credit Card. Pay no annual fee. There is a 3% balance transfer fee with a minimum of $5. Earn 5,000 bonus points after spending $1,000 in the first three months. And earn triple points on gas. Get double points on travel and dining. Earn one point per dollar on all other purchases.

Pay a 0% intro APR for nine months. Then pay a variable APR 12.49%, 16.49% or 20.49% per creditworthiness. It should be easy for most entrepreneurs to meet the spend required for the points bonus. Triple points on gas are particularly helpful if yours is a business requiring a lot of time on the road. Say, trucking. If your credit is good enough to get the lowest APR after the introductory period ends, this could be a great card for you.

Business Credit Cards with 0% Introductory APR for 6 Billing Cycles and No Minimum Spend to Get a Bonus

#7. Mechanics Bank Visa Business Real Rewards

For no minimum spend, check out the Mechanics Bank Visa Business Real Rewards card. Pay no annual fee. Get 1.5 points per month per dollar. And get 2,500 bonus rewards points after your first purchase. Enjoy a 0% introductory APR for purchases and balance transfers for the first six billing cycles. Then pay 13.99-22.99% per creditworthiness. The bonus is decent. Since there’s no minimum spend, it begs the question. Can you get 2,500 bonus rewards points for buying a pen?

Business Credit Cards with 0% Introductory APR for 9 Billing Cycles and Travel Perks

#6. Bank of America Business Advantage Travel Rewards Credit Card Platinum + MasterCard

Take a look at the Bank of America Business Advantage Travel Rewards Credit Card Platinum + MasterCard. Pay no annual fee. Get 30,000 bonus points when you make at least $3,000 in new net purchases. They must post to your account in the first 90 days. Earn 1.5 points per dollar spent. Get triple points per dollar spent on travel. Pay a 0% intro APR for the first nine billing cycles. Then pay 12.24-22.24%.

The bonus points offer is generous. And the spend is relatively easily attainable. If your business requires a lot of traveling, this is a good card.

Score the best business credit cards for your business. Check out our professional research

Business Credit Cards with 0% Introductory APR for 6 Months and Get Points or Cash Back

These two cards are so similar, they came up as a tie. But if we had to choose, we would pick the cash card, as cash never expires.

#4. (tie) Zions Bank Visa Amazing Cash® Business Credit Card

For decent cash back rewards, check out the Zions Bank Visa Amazing Cash® Business Credit Card. Get 3% cash back on select business purchases. These include office supplies, cell services, internet, telecom, and cable TV. And get 2% cash back on select business travel purchases. These include airlines and vehicle rentals.

And get 1% cash back on everything else. Pay a 0% introductory APR on balance transfers for the twelve months after account opening. Then pay a 14.24% variable APR afterwards. Pay a 3% balance transfer fee for each transfer. A $10 minimum applies.

Get a credit limit up to $250,000. Pay no annual fee. There are no rewards fees. Pay a 0% introductory APR for the first 6 months after account opening. Then pay a 14.24% variable APR after.

The upper limit is good. And the varied cash back rewards are decent.

#4. (tie) Zions Bank Visa Amazing Rewards Business Credit Card

With the Zions Bank Visa Amazing Rewards Business Credit Card, you pay no annual fee. There is a 0% intro APR on balance transfers for twelve months. Then pay 14.24% variable. Get three points for every dollar spent on select business purchases. These include office supplies, cell services, internet, telecom, and cable TV.

Get two points for every dollar spent on business travel purchases. These include airlines and vehicle rentals. Get one point for every dollar spent on everything else. Pay a 0% introductory APR for the first six months. Then pay 14.24% variable. Enjoy limits to $250,000. The upper limit for this card is good, and the opportunity to earn points is decent.

Business Credit Cards with 0% Introductory APR for 6 Months and a Generous Points Bonus

#3. Union Bank Business Preferred Rewards Visa Credit Card

Consider the Union Bank Business Preferred Rewards Visa Credit Card. Get a 50,000 introductory reward points bonus when you spend $5,000 in the first three months. Enjoy quintuple points per dollar spent to $25,000 annually on select business expenses. These include office supplies, utility bills, and telecom services. And get one point per dollar spent above that. Get double points for each dollar spent up to $25,000 annually on gas stations and restaurants. And get one point per dollar spent above that. Plus, you get one point per dollar spent on everything else.

Pay a 0% introductory APR for the first six months. Then pay a 11.99-20.99% variable APR. there is no annual fee. This card has a great introductory points offer. And the amount you have to spend to get it isn’t bad.

Score the best business credit cards for your business. Check out our professional research

Business Credit Cards with 0% Introductory APR for 9 Billing Cycles and an Outstanding Post-Intro APR

#2. PNC Bank Cash Rewards® Visa Signature® Business Credit Card

Get a look at the PNC Bank Cash Rewards® Visa Signature® Business Credit Card. You can get a $200 bonus if you spend $3,000 in the first 3 billing cycles after account opening. Get 1.5% cash back on net purchases. There is no cash back limits. Pay no annual fee.

There’s a 0% APR for the first nine billing cycles after account opening. Then pay a 10.99-19.99% variable APR, per creditworthiness. With mostly lower post-intro period interest rates and an easy to meet spend, this card is can be a great choice.

Business Credit Cards with 0% Introductory APR for 6 Months and an Outstanding Post-Intro APR

#1. Zions Bank Visa Amazing Rate Business Credit Card

So the only card to beat PNC Bank’s lowest post-introductory APR was the Zions Bank Visa Amazing Rate Business Credit Card. You pay no annual fee. There is a 0% introductory APR for the first six months. Then pay 10.24% variable. Get limits to $250,000. This card has a good upper limit and the post-introductory APR is the best one we found.

Business Credit Cards with a Good Intro APR: Takeaways

Know the length of the introductory APR period, and the post-introductory rate. Those are over half the battle when deciding among business credit cards with an intro APR of 0%. Perks and annual rates should also play a part when you make your decision. And, no matter what, strive to pay your business credit card bills on time. Because if you do, then an introductory APR won’t matter to you.

The post Could These Be the Best Intro APR Business Credit Cards? appeared first on Credit Suite.

The Top 10 Best Business Credit Cards With No Annual Fee

How Many Credit Cards With No Annual Fee Are Out There?

There are tons of credit cards with no annual fee! Some only had an introductory period, whereas others had no expiration date for this benefit.

Business Credit Cards and Annual Fees

In both the business and personal credit worlds, annual fees are commonplace. To give the impression of more exclusivity, a card issuer might call them membership fees. But it’s the same thing.

Always consider annual fees when deciding whether to get a credit card. There’s a range of annual fees for business credit cards. They can run from a somewhat nominal $19 or so, to a double-take inducing $595.

For the cards we’re reviewing here, all of them offer no annual fee as a regular card feature. That is, none of these are introductory rates that will expire. But always read the fine print. Because if the APR is too high or the card provider is stingy with rewards or point or cash back, it may turn out that even a $0 annual fee isn’t enough to justify getting such a card. Let’s look at a variety of choices to fit different circumstances. Here’s our top 10 and two honorable mentions.

Business Credit Cards With No Annual Fee for Amazon Discounts

You can get Amazon discounts? Absolutely.

Honorable Mention: Amazon Prime Store Card

If your business shops at Amazon often, the Amazon Prime Store Card could be the card for you. You get a $60 Amazon gift card upon the approval of your application. Get 5% cashback on Amazon purchases. But limits seem to be low. There are reviews of this card on the Amazon website and you should check them before applying.

Business Credit Cards With No Annual Fee for Bonus Points with a Low Minimum Spend

Honorable Mention: Bank of Hope Business Rewards Visa® Credit Card

With the Bank of Hope Business Rewards Visa® Credit Card, you pay a 3% balance transfer fee which will never be less than $5. You can earn 5,000 bonus points after spending $1,000 in the first three months. Earn triple points on gas. Get double points on travel and dining. Earn one point per dollar on all other purchases.

Pay a 0% introductory APR for nine months. Then pay a variable APR 12.49%, 16.49% or 20.49% per creditworthiness after introductory period ends. It should be easy for most entrepreneurs to meet the spend necessary for the points bonus.

Triple points on gas are rather helpful if yours is a business requiring a lot of time on the road (say, trucking). If your credit is good enough to get the lowest APR after the introductory period ends, this could be a great card for you.

Business Credit Cards With No Annual Fee for a Bonus with No Minimum Spend

But a low minimum spend only gets an honorable mention. This is because we found a card where you can get a bonus with no minimum spend.

#10: Mechanics Bank Visa Business Real Rewards

With the Mechanics Bank Visa Business Real Rewards card, you get 1.5 points per month per dollar. Earn 2,500 bonus rewards points after your first purchase. Pay a 0% introductory APR for purchases and balance transfers for the first six billing cycles. Then pay 13.99-22.99% per creditworthiness. The bonus is decent and since there’s no minimum spend, it begs the question, can you get 2,500 bonus rewards points for buying a pack of gum?

Score the best business credit cards for your business. Check out our professional research

Business Credit Cards With No Annual Fee for Fair Credit

While the terms aren’t the best for this card, it can be tough to find a business credit card you can get if you’ve only got fair credit. Even rarer are such cards with no annual fee – where the annual fee doesn’t expire. This card hits all of those requirements.

#9: Capital One Spark Classic Business Credit Card (Visa)

Fair credit means you have FICO scores between 620 and 659. Capital One spells out that this card is for fair credit. Earn 1% cash back with every purchase, with no minimums. Pay a 26.99% variable APR for both purchases and cash advances. The lowest possible credit line $300.

For the Capital One Spark Classic Business Credit Card (Visa), the cash back percentage is low. And the interest rate is higher than for the other cards reviewed. But if your credit is only fair, or you don’t have a very long credit history, this card could be right for you.

Business Credit Cards With No Annual Fee for Members of the Armed Forces

This card has fantastic rates, but only a limited number of people will qualify.

#8: Navy Federal GO BIZ Rewards Card

The Navy Federal GO BIZ Rewards Card is available as either a MasterCard or Visa. Benefits differ depending on which card type you choose. Get 1 point for each dollar spent but rewards depend on if you have a Visa or MasterCard. With a Visa, you get access to Visa SavingsEdge. With a MasterCard, you get a collision damage waiver.

Pay no foreign transaction fees. There is no earnings cap. The APR can be as low as Prime+ 5.90%. You can get GO BIZ Rewards – points you can redeem for gift certificates, cash deposited into your savings account, and more.

Note: this card comes from a credit union. You must be a member first. The only persons who can be members of the credit union are persons attached to the military, the Department of Defense, or the National Guard and their families. If you can qualify for this card, the interest rate is stellar. And it isn’t just for an introductory period.

Business Credit Cards With No Annual Fee for a Long 0% APR Introductory Period

Not surprisingly, we felt the two Chase cards were a dead even tie. If we had to choose, we would pick Business Cash. This is because the cash back rewards seem to be more generous.

#6 (tie): Chase Bank Ink Business Unlimited®

Chase Bank Ink Business Unlimited® is a similar card to Chase Bank Ink Business Cash®, below. Except the rewards come in the form of cash back versus points. Get $750 bonus cash back if you spend $7,500 in the first 3 months after account opening. And get 1.5% cash back unlimited.

Pay a 0% APR on purchases for the first 12 months after account opening. Then pay 13.24-19.24% per creditworthiness. The balance transfer APR is 13.24-19.24% per creditworthiness. If you have several computers or other expensive equipment to buy, get it fast to take advantage of the cash back bonus.

#6 (tie): Chase Bank Ink Business Cash®

For a long 0% APR introductory period, and somewhat decent interest rates, check out this card. Pay 0% APR on purchases for the first 12 months. And then pay 13.24-19.24%.

With the Chase Bank Ink Business Cash® card, you get 5% cash back on the first $25,000 you spend on certain business products i.e. office supply stores, internet, cable, and phone services.

This works out to 4% additional cash back rewards on top of 1% cash back rewards earned on each purchase. The $25,000 flat spending limit resets every year. You can get $750 bonus cash back if spend $7,500 in the first 3 months after account opening.

It’s a bit difficult to hit the spend amount. Still, the agreement does not prohibit using your card to buy pricier items, such as plane tickets, vehicle repairs, or even heavy equipment. Still, you may find that using other means, such as equipment financing or fleet credit, would make for a better deal for your business.

Business Credit Cards With No Annual Fee for Travel

Business credit cards for travel can often be black and white for business owners. You either need one … or you don’t. If your business requires that you fly regularly, then read on.

#5: PNC Travel Rewards Visa Business Credit Card

With the PNC Travel Rewards Visa Business Credit Card , you get one mile per dollar in eligible net purchases. Earn double miles on the first $2,500 in eligible net purchases. Book your own travel and then redeem miles for a statement credit. No foreign transaction fees on purchases outside US. Pay a variable APR, 10.99- 19.99%, per creditworthiness.

The APR is good if your credit makes you eligible for the lower end of the spectrum. A statement credit for acting as your own travel agent is good, if you have the time to book your own travel. Double miles are welcome but it’s easy for a business owner to exceed the cap.

Business Credit Cards With No Annual Fee for Managing an SBA Express Loan

Much like with the travel credit card we just recommended, you either need this card, or you don’t.

#4: Zions Bank SBA Express Business Visa Debit Card

The unique Zions Bank SBA Express Business Visa Debit Card has floored us! Because – why doesn’t every SBA Express lender do things this way? Use this card to manage SBA Express loan money from Zions Bank, if you are already have an approval.

Get travel accident insurance and other credit card perks, which you would not normally get from an SBA Express loan. This card is best for SBA Express borrowers. If you’re an SBA Express borrower (or want to become one), we could not find a downside to getting this card.

Business Credit Cards With No Annual Fee for a High Credit Limit

High credit limits can be tempting. But business owners may be able to make up shortfalls with online lending, using several smaller credit cards together, or other forms of financing like merchant cash advances.

A high credit limit, though, is a lot easier to keep track of than a number of cobbled-together solutions.

#3: Zions Bank Visa Amazing Rate Business Credit Card

Pay a 0% introductory APR for the first six months. Then pay 10.24% variable. Limits to $250,000. The Zions Bank Visa Amazing Rate Business Credit Card has a good upper limit and the post-introductory APR is very good.

But note that most of the cards under review did not list their upper credit limits.

Score the best business credit cards for your business. Check out our professional research

Business Credit Cards With No Annual Fee for Significant Bonus Points

Bonus points, of course, are only good if you’re going to use them.

#2: Union Bank Business Preferred Rewards Visa Credit Card

With the Union Bank Business Preferred Rewards Visa Credit Card, you get 50,000 introductory reward points bonus when you spend $5,000 in the first three months. Get quintuple points per dollar spent to $25,000 annually on select business expenses. These are office supplies, utility bills, telecom services. And get one point per dollar spent above that.

Get double points for each dollar spent up to $25,000 annually on gas stations and restaurants. Plus, get one point per dollar spent above that. And get one point per dollar spent on everything else.

Pay a 0% introductory APR for the first six months. Then pay a 11.99-20.99% variable APR. This card has a great introductory points offer. And the amount you have to spend to get it isn’t bad.

Score the best business credit cards for your business. Check out our professional research

Business Credit Cards With No Annual Fee for a Good Cash Back Percentage Rate

Our number one card had a great cash back percentage which you can get for a significant amount of annual spending. And the cash back percentage doesn’t seem to have an expiration date. The other thing that attracted us to this card was a somewhat low APR, if you’ve got good personal credit. If your personal credit isn’t so great, then our #3 choice has a better APR with no expiration date.

#1: Huntington Bank MasterCard Voice Business Credit Card

With the Huntington Bank MasterCard Voice Business Credit Card, you earn 4% cash back on the first $7,000 spent per quarter. This is in one category of your choice. There is a choice of 10 categories. Hence the annual spend limit for 4% cash back is $28,000. If you annually charge $28,000, you’ll get a cool $1,120 back.

Earn 1% cashback on all other purchases.

Pay no foreign transaction fee. Pay a 10.99-21.99% APR per creditworthiness, which ties to the Prime Rate. If you know you won’t meet the spend limit, and your credit is already good so the APR is low, this can be an outstanding card.

Takeaways

There are a lot of business credit cards with no annual fee. You can get high cash back percentages. Or you can get high limits, or even bonuses. And you can even manage an SBA Express loan. Choose the option which works best for you. You don’t have to settle!

The post The Top 10 Best Business Credit Cards With No Annual Fee appeared first on Credit Suite.