What are the best business credit cards for 2017?
As a small business owner, you should know it’s important to keep your personal and business finances separate. Staying organized when it comes to finances also applies to credit cards. Do not use your personal credit card for business purposes, or your business credit card for personal purposes.
Haven’t a business credit card yet or thinking about switching to a different bank? Here are some options:
- Chase Sapphire Reserve
One of the most prestigious cards in terms of reward offerings, this card is particularly good for those who travel a lot. If you’re an entrepreneur who is always on the go, know that you’ll receive 50,000 bonus points after spending $4000 during the first three months after opening an account. That translates to $750 toward travel if you redeem the points through Chase Ultimate Rewards. Plus, you’ll earn triple points on travel and dining expenses.
- Chase Ink Business Preferred
This nifty card offers 3X points per dollar on up to $150,000 spent in travel and advertising purchases. If you travel a lot for business or spend a lot of money on advertising, look no further than this card. Another bonus is that there are no transaction fees, making the Chase Ink Business Preferred a great card to have with you when you’re jet-setting.
- Starwood Preferred Guest Business
Having a credit card that specifically racks up points for hotels is a great idea for small business owners. If you’ve been finding yourself going on business trips and staying in hotels a lot, this card is worth investigating. You’ll earn 25,000 Starpoints if you spent $5,000 within the first three months, and the annual fee of $95 is waived the first year. As an added bonus, there are no foreign transaction fees, so you can easily make purchases when abroad.
- Business Gold Rewards Card from American Express OPEN
If you own a big business and spent a lot of money every year, you’ll find a lot to love about this credit card. Spend $5,000 during the first 3 months, and you’ll receive 50,000 reward points. What’s more, you actually get the opportunity to choose the rewards category in which you’d like to earn the most points, and you’ll get triple points on any purchases that fall under that category.
There are so many business credit cards to choose from, with each one offering slightly different perks than the others. The above four we’ve compiled are perfect for business owners, and they’re worth checking out if you’re in the market for a new credit card.