Tag: choices

You Can Get a Fantastic Business Credit Card Bonus – Check Out Our Top Choices

Looking for a Business Credit Card Bonus?

There are a lot of business credit cards out there. Choices can come from well-known providers, and not so well-known ones. If you’re looking for a business credit card bonus, then you’ve come to the right place.

What Sort of a Business Credit Card Bonus is Available?

In general, bonuses will come in the form of either cash or points, sometimes travel points. Although we did find one where you can get a bonus in bitcoin! Virtually always, you will have to spend a minimum amount within a particular time frame before you can get the bonus. To find the best deal for you, check out the details closely.

Business Credit Card Bonus in Generous Points, Not Requiring a High Minimum Spend

We start with cards which give generous point bonuses but don’t require that you spend an arm and a leg in order to get them.

Bremer Bank Visa Smart Business Rewards

Check out the Bremer Bank Visa Smart Business Rewards card. Pay a $0 annual fee for the first twelve months, then $95 for the first year and every year after $95 for Account Owners, $0 for Authorized Employees. Get double points per dollar spent in your top two spend categories each month. And get one point monthly per dollar spent on other eligible purchases. Earn a 20,000 bonus reward points after you spend $500 in the first 90 days. Pay a 15.99-20.99% APR based on creditworthiness.

The bonus reward points offer is generous, and the minimum spend should be a snap for most businesses to meet. The annual fee for account owners is fairly high, but no annual fee for authorized employees means this card could be used successfully with a large number of employees.

Mechanics Bank Smart Business Rewards Visa

Consider the Mechanics Bank Smart Business Rewards Visa. Pay a $0 introductory annual fee for the first twelve months, then $95 for the first year and every year after $95 for Account Owners, $0 for Authorized Employees. Get double points per dollar spent in top two spend categories per month. And get 20,000 bonus rewards points if you spend $500 in the first 90 days. The APR for purchases and balance transfers is 15.99-20.99% based on creditworthiness. This is a very generous bonus for an incredibly low spend.

Business Credit Cards with the Most Generous Points Offers

You may have to spend more with these cards, but you’ll get even more points.

Union Bank Business Preferred Rewards Visa Credit Card

Check out 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. And get 5x points per dollar spent to $25,000 annually on select business expenses (office supplies, utility bills, telecom services), and one point per dollar spent above that. Enjoy double points for each dollar spent up to $25,000 annually on gas stations and restaurants and one point per dollar spent above that. Get one point per dollar spent on everything else.

Pay a 0% introductory APR for the first six months, then 11.99-20.99% variable APR. You pay 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.

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

Get to know the Bank of America Business Advantage Travel Rewards Credit Card Platinum + MasterCard. There is a $0 annual fee. Get 30,000 bonus points when you make at least $3,000 in new net purchases that post to your account within the first 90 days. Earn 1.5 points per dollar spent. And get triple points per dollar spent on travel. There is a 0% introductory APR for the first nine billing cycles, then 12.24-22.24%. The bonus points offer is generous and the minimum spend is relatively easily attainable. If your business requires a lot of traveling, this is a good card.

Business Credit Card Bonus via Cash Back Offers and a Fairly Low Minimum Spend

If cash back offers are more your speed, consider these options.

Chase Bank Ink Business Unlimited®

Check out the Chase Bank Ink Business Unlimited® card. Get $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 13.24-19.24% based on creditworthiness. The balance transfer APR is 13.24-19.24% based on creditworthiness. If you have several computers or other expensive equipment to purchase, buy it quickly to take advantage of the cash back bonus.

US Bank Business Cash Rewards World Elite™ Mastercard®

Get to know the US Bank Business Cash Rewards World Elite™ Mastercard®. Earn to 3% cash back on eligible gas station, office supply store and cell phone/service provider net purchases. All other purchases earn 1% cash back. Purchases of gasoline greater than $200 will not be deemed to be a purchase of automotive gasoline, and as such will earn a reward of 1%.

Get $500 cash back if you spend $3,000 in the first 90 days from account opening

Earn a 25% annual bonus based on your prior year’s cash rewards, to $250. Pay no annual fee. And pay a 0% introductory APR for the first 12 billing cycles. After that, 13.99-22.99% based on creditworthiness.

Details

To hit the bonus limit, you would have to have spent over $33,000 in the previous year. But the initial spend requirement isn’t too bad, and you can certainly meet it by buying computers or the like. The APR after the introductory period is acceptable. If your credit is such that you qualify for the lower APR, this card could turn out to be a decent deal.

Secured Card Business Credit Card Bonus

If you want or need a secured credit card, here’s one with a business credit card bonus.

Wells Fargo Business Secured Credit Card

Get to know the Wells Fargo Business Secured Credit Card. A Wells Fargo business checking or savings account must be open before applying. Upon approval, your funds will be transferred from the deposit account to fund the credit line. Get a $500 to $25,000 credit line, based on the amount of funds deposited by you as security in a collateral account. Pay no annual fee. There is no foreign transaction fee.

Get up to 10 employee cards. Pay prime + 11.90% APR on purchases. And pay prime + 20.74% APR on cash advances. Cash advance or balance transfer fees may apply.

Choose between Cash Back or Rewards Points

There is no annual rewards program fee. And there’s no required spending categories or caps. Earn 1.5% cash back for every $1 spent on net purchases. You get cash back automatically as a credit to your account or to your eligible checking or savings account each quarter.

If you choose rewards points, you will earn 1 point for every $1 spent on net purchases. Get 1,000 bonus points when your company spends $1,000 or more in any monthly billing period. Redeem points for gift cards, merchandise, airline tickets and more. Get a 10% points credit when you redeem points online. And you can earn extra bonus points or discounts from Earn More Mall® retailers.

Build Business Credit

Wells Fargo reports your payment and usage behavior to the Small Business Financial Exchange. Plus, payment and usage activity of the Wells Fargo Business Secured card is not reported to the consumer credit bureaus, therefore it will not help build or rebuild personal credit history.

Wells Fargo will periodically review your account and recent credit history for an opportunity to upgrade to an unsecured business credit card. You may become eligible with responsible use over time. Being able to upgrade to an unsecured business credit card also depends on your FICO score, payment history and ratio of credit card usage to credit limit.

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

Credit Card with a Bitcoin Bonus

For the most out-there credit card signup bonus we found, check out how you can get bitcoin as a bonus.

BlockFi Bitcoin Rewards Credit Card from Visa (personal)

Check out the BlockFi Bitcoin Rewards Credit Card from Visa. But note this is a personal credit card, but any popular rewards or bonus program can eventually make its way into the business credit card world.

Earn an unlimited 1.5% back in bitcoin on every purchase. Pay no annual fee. There are no foreign transaction fees. Earn 2% back in bitcoin on every purchase over $50,000 of annual spend. And earn 3.5% back in bitcoin during your first 3 months of card ownership.

The introductory offer is capped at $100 dollars in bitcoin, which equals about $5,000 of spend to earn an extra $100 in bitcoin. You can earn crypto interest on bitcoin rewards. Get a 2% annual percentage yield bonus in bitcoin on stablecoin holdings, which is paid in bitcoin, up to $200. Get a trading bonus of 0.25% back in bitcoin on all eligible trades. And earn $30 in bitcoin for every client referral, on top of base.

Details

A soft credit pull happens before accepting the credit card offer. And a hard credit pull occurs when you’ve accepted your credit card offer. There is no information on when this card will actually be available. Until this card is available, it will be difficult to tell which individuals would most benefit from it. Backing from Visa is encouraging, but the hard credit pull is concerning.

Business Credit Card Bonus and Low APR

If you want to enjoy a low annual percentage rate in addition to a business credit card bonus, take a look at these choices.

PNC Bank Cash Rewards® Visa Signature® Business Credit Card

Take a look at the PNC Bank Cash Rewards® Visa Signature® Business Credit Card. Get $200 bonus if you spend $3,000 in the first 3 billing cycles after account opening. 1.5% cash back on net purchases, no cash back limits. Pay no annual fee. You pay a 0% APR for the first 9 billing cycles after account opening, then 10.99-19.99% variable APR, based on creditworthiness . With mostly lower interest rates and an easy to meet minimum spend, this card is great if you can’t or won’t spend so much in such a short amount of time after getting the card.

Alpine Bank Visa Platinum Rewards

Take a look at the Alpine Bank Visa Platinum Rewards card. You pay no annual fee, and get one point per dollar spent. Get bonus points: 5,000 for first $3,000 spent in first four billing cycles. The APR for purchases is Prime + 8.74-14.74%. And the APR is 21% for cash advances. There is a balance transfer APR of 10% or 3% of the amount of each transfer, whichever is greater. This is a good card for both APR and the amount you need to spend for a bonus is fairly low.

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

Bank of Hope Business Rewards Visa® Credit Card

Business Credit Card Bonus Credit SuiteAnother choice is the Bank of Hope Business Rewards Visa® Credit Card. You 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 you can earn triple points on gas. Get double points on travel and dining. Earn one point per dollar on all other purchases.

There is a 0% introductory APR for nine months, then variable APR 12.49%, 16.49% or 20.49% based on creditworthiness after introductory period ends. It should be easy for most entrepreneurs to meet the minimum 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.

Get a Business Credit Card Bonus: Takeaways

Always look for the biggest business credit card bonus you can get, with the lowest possible minimum spend. Plus make sure it’s a bonus you can use. Because if points expire before you get a chance to use them, it’s as if you never got the bonus in the first place.

The post You Can Get a Fantastic Business Credit Card Bonus – Check Out Our Top Choices appeared first on Credit Suite.

Startup Money for Business: Check Out Your Choices

How to Get Startup Money for Business

Are you looking for startup money for business? Starting a business can be an exhilarating experience. That is, except for the part about needing money. But your startup won’t survive for long without cash. If you’re not independently wealthy and can bootstrap your dream, what do you do?

The answer: think like a lender.

It may seem simplistic, but lenders just want two things: to make money off the loans they offer and be paid back by their borrowers. The first one is a result of their choices of loans to offer and terms. The second is in your hands.

The 3 Cs Capital Acquisition Formula

This is why lenders look at one of three things for loan approval: cashflow, collateral, or credit. The more of these “Cs” you have, the more funding options are available. For all the funding we cover in today’s post, we show you exactly what you need to have for approval.

But keep in mind, startups have it rough.

With very little time in business, they can’t prove that they’re getting steady cashflow. They just plain don’t have a big enough sample size. A short time in business is also seen as less stable, because about 1/5 of all new businesses fail in the first two years. So the first “C” is out.

But that’s okay. Because you’ve got access to two more.

Demolish your funding problems with 27 killer ways to get cash for your business.

Startup Money for Business: Using Collateral

Collateral is a great way to assure a lender that you’ll pay them back. And while your business might not have too much collateral yet, you probably have something you can pledge. It’s time to think outside the box.

401(k) Financing

This is not a loan. And you will not have to pay an early withdrawal fee or a tax penalty. You put the money back by contributing, like with any 401(k) program. This means you won’t lose your retirement funds. This is a 401(k) Rollover for Working Capital program. The IRS calls it a Rollover for Business Startups (ROBS).

According to the IRS, a ROBS qualified plan is a separate entity with its own set of requirements. The plan, through its company stock investments, owns the trade or business. That is, not the individual. Hence, some filing exceptions for individuals may not apply to such a plan. This type of financing isn’t a loan against, your 401(k), so there’s no interest to pay. It does not use the 401(k) or stocks as collateral. Instead, this is no more than a movement or change of custodian.

401(k) Financing: Terms and Qualifying

Low rates, often less than 5%. Your 401(k) must have more than $35,000 in it. You can usually get up to 100% of what’s “rollable” within your 401(k). The lender will want to see a copy of your two most recent 401(k) statements.

You can get 401(k) financing even with severely challenged personal credit. The 401(k) you use cannot be from a business where you are currently working. So it must be from older employment. You cannot be currently contributing to it.

IRA Financing

Don’t have a 401(k) that would work? Then try IRA financing. It’s a lot like 401(k) financing. In as little as 3 weeks you can invest a part of your retirement funds into your business. This gives you more control over the performance of your retirement plan assets. And it gives you the working capital you need for business growth.

IRA Financing: Terms and Qualifying

In general, you will work with a CPA. They will help you roll over a non-contributing and qualifying account. This allows for cash out of half, or $50,000, whichever is lower. If applicable, a CPA you work with will structure a self-directing IRA for the remaining funds.

Stocks Financing

Do you own stocks? Some lenders will make loans using securities as collateral. Securities-based lending provides ready access to capital. You can use this capital for almost any purpose, such as buying real estate or investing in a business. The only restrictions to this kind of lending are other securities-based transactions. For example, like buying shares or repaying a margin loan..

Stocks Financing: Terms and Qualifying

You continue to earn interest on stocks you pledge as collateral. Closing and funding takes less than 3 weeks. Rates can be as low as 1.6%. But you will have challenged personal credit.

Demolish your funding problems with 27 killer ways to get cash for your business.

Bonds Financing

Bonds will work just as well as stocks. Securities-based lending for bonds comes from large financial institutions and private banks. People tend to seek out these kinds of loans, if they want to make a large business acquisition. Another reason is if they want to execute large transactions like real estate purchases.

Lenders determine the value of the loan from an assessment of the borrower’s investment portfolio. In some cases, the issuer of the loan may determine eligibility based on the underlying asset. It can end up approving a loan based on a portfolio of US Treasury notes rather than stocks.

Bonds Financing: Terms and Qualifying

Most investment-grade corporate, treasury, municipal, and government agency bonds are good to use. You keep all the interest and appreciation from your securities. To qualify all the lender will want is a copy of your two most recent securities statements. If your stocks or bonds have a value over $25,000, you can get approval, even with severely challenged personal credit.

No Collateral to Get Startup Money for Business? Not to Worry

If you’ve got good personal credit, we can tie a direct line from it to good business credit. The good FICO score doesn’t have to be yours; it can be a credit partner’s.

Credit Line Hybrid

A credit line hybrid is a form of unsecured funding. Our credit line hybrid has an even better interest rate than a secured loan. Get some of the highest loan amounts and credit lines for businesses. You can get 0% business credit cards with stated income. Many of these report to business CRAs. You can build business credit at the same time. This will get you access to even more cash!

Credit Line Hybrid: Terms and Qualifying

You need a good credit score or a guarantor with good credit to get an approval (a FICO score of at least 680). No financials are necessary. You can often get a loan of up to $150,000. Some cards may report on your personal credit.

Demolish your funding problems with 27 killer ways to get cash for your business.

Get Startup Money for Business by Building Business Credit

And keep in mind: our Credit Line Hybrid isn’t the only way to build business credit. Business credit is an asset, and lenders like to see that yours is good. But you’ve got to work at it.

Start with vendor accounts. Starting with vendor credit accounts is a proven way to start building business credit. But we don’t include vendors just because they report to the business credit reporting agencies. We include them and we talk about them because they have quality products that you can use, and fantastic customer service. They are more than a means to an end!

Vendor Credit

Starter vendors are open to working with most businesses, even startup ventures like yours! Make sure vendors report to the CRAs – not all do. Vendors report to the business CRAs within 60 days. They help you build your business credit profile and score.Startup Money for Business Credit Suite

Vendor Credit: Terms and Qualifying

Terms will vary depending on the vendor, but they tend to be Net 30. Some will not accept virtual offices. You will often need a D-U-N-S and an EIN at the very least. But you will not need collateral, good personal credit, or cash flow.

And continuing to grow your business credit portfolio means credit cards. Add payment experiences from at least three vendors. Once they report to business CRAs like Dun & Bradstreet, you start qualifying for store credit, and fleet credit, too. While your startup grows, so will your business credit.

Get Startup Money for Business: Takeaways

Startups have a few strikes against them when it comes to getting business financing. But you may have collateral right now, and can use it to get money. Good personal credit is another thing you can leverage. And it doesn’t even have to be your own good personal credit! And build business credit for the best chances for the most money. Contact us today for the details.

The post Startup Money for Business: Check Out Your Choices appeared first on Credit Suite.

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Are you trying to find a method to generate income with write-ups? You might be pleased with all of your choices if you are

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