Choosing the right credit card for your business can be a daunting task. There are so many different cards on the market, each with its own unique set of features and benefits. How do you know which one is right for you?
Here are a few things to keep in mind when choosing a credit card for business:
- What are your spending habits? Do you make a lot of small purchases throughout the month, or do you tend to make larger purchases less often? Some cards offer rewards for specific types of spending, such as travel or gas. Others offer flat-rate rewards that can be redeemed for anything.
- What are your goals for the card? Do you want to earn rewards to redeem for travel, merchandise, or cash back? Or are you looking for a card that will help you build your business credit? Some cards offer sign-up bonuses that can be a great way to get started. Others offer business credit building features that can help you improve your credit score.
- What are your budget and credit score? Some cards have annual fees, while others don’t. Some cards require a good credit score, while others are more accessible to businesses with limited credit history. It’s important to factor in these costs when choosing a card.
Once you’ve considered these factors, you can start to narrow down your options. Here are a few of the best credit cards for business in 2023:
- Chase Ink Business Preferred®: This card offers a welcome bonus of 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening. It also earns 3 points per dollar on travel and dining, and 2 points per dollar on shipping. There is an annual fee of $95