Top Business Credit Cards for Startup Businesses

If you intend to start a new business or if you have already started one, then there are many good reasons for you to consider taking a business credit card.

There are numerous benefits of keeping a business credit card. It will help you keep your personal and business finances separate. Moreover, you get easy cash flow management, support in building good credit history, and various other perks and rewards.

The plan for every new business or startup would be to get the best business credit cards. Prior knowledge of business credit cards will help you make the right choice. So, before you begin searching for the best business credit cards, it is a better idea to have a general understanding of what business credit cards are.

What Are Business Credit Cards?

Business credit cards as the name suggests are those credit cards that are specifically designed for the use of business transactions. These credit cards are not meant for the use of individual purchases. Anyone can apply for a business credit card regardless of the size of the business.

How Does A Business Credit Card Work?

The application process of business credit cards is similar to that of the usual credit card. This credit card can be applied with or without the employee identification number. However, small businesses quickly get the business credit card, given they apply with an employee identification number.

Business credit cards have higher interest rates than the interest rates of traditional loans. This is understandable because the credit card funds used by the business are unsecured. Therefore, there is more risk that is assumed by the credit card issuing banks.

How To Find Top Business Credit Cards For Startups?

It wouldn’t be right to say that the process of finding the best business credit cards is easy. However, it isn’t very difficult either if you follow the right steps.

Firstly, you have to analyze your requirements for credit card transactions. You need to find answers to these questions below to analyze what are your requirements.

• Are you getting a business credit card to build business credit?
• Do you travel a lot?
• Are you looking for cash-back and other offers and rewards?
• Do you necessarily want a 0% interest introductory APR?

Once you have answered these questions you can carefully devise a plan to find which business credit cards would be suitable for you.

How To Qualify For A Business Credit Card For Startups?

The obvious question in the mind of an applicant would be on what criteria do credit card issuing companies offer. Well, to rightfully determine your business identity and strength they would use your personal credit card history to determine whether to issue you a business credit card or not.

Therefore, if a business owner wants to improve their chances of getting a business credit card. The only means to achieve that would be by improving personal credit scores.

Top Business Credit Cards for Startups

• The Blue Business® Plus Credit Card from American Express
• Ink Business Preferred® Credit Card
• Ink Business Unlimited® Credit Card
• American Express Blue Business Cash™ Card
• American Express® Business Gold Card
• The Business Platinum Card® from American Express
• Brex Card

The above list provides the top-rated business credit cards for startups. They are considered the best owing to their compatibility with the needs of startups.