Compare Top Business Credit Cards
Apply for Business Credit Cards Online the Right Way
If you’re a small business owner and want to apply for business credit cards online, it’s important that you understand how to do it the right way. What’s the right way? The right way is to understand what it takes to get approved for a business credit card online before you apply. It’s also about understanding the features and benefits each card offers so you can apply for the right one. Some business cards are much better than others. Some are also more suitable for your business than others. If you want to get the most out of your card, it’s wise to apply for the one that will work best for your small business.
What Makes a Business Credit Card the Best?
This depends on the type of small business you own and your business needs. Most small businesses can benefit from a business card in a number of ways. For example, many cards offer cash back credit card rewards on purchases. A cash back reward is when a percentage of the money spent on a business expense (using your business card) is returned to you. For example, some cards offer 5% cash back on purchases made at office supply stores and money spent on cell phone services. In addition, you may be able to get 3% cash back on airfare, car rentals, hotels, gas stations, restaurants, media outlets, shipping, and computer hardware. So if you’re a frequent flyer, purchase office supplies or pay for cell phone services regularly, a card that offers cash back rewards for these types of purchases may be able to help you save money in the long run.
How to Choose the Right Business Credit Card Online
When looking to apply for business credit card financing online, cash back rewards on purchases is something you should pay close attention to. The percentage of cash back rewards per eligible purchase is important in addition to the type of purchases you can earn cash back on. Cash back rewards are not the only way to reap the benefits from a business card. You may also be given a statement credit for certain purchases, depending on the card you are using.
A statement credit will lower your overall credit bill. For example, you may earn a $200.00 statement credit on purchases made within the first 90 days of establishing your card account. This is a benefit offered by the Bank of America Cash Rewards for Business MasterCard. You can get a $200 statement credit after spending $500 during the first 90 days after you open this credit card account.
Good Personal Credit is Needed for Business Card Approval
You will need to have an exceptional personal credit history to get approved for both most business credit cards. If you have any derogatory or delinquent accounts you may not qualify. Credit card companies will also check to see if you have any personal lines of credit (or credit cards) in your name. As a rule of thumb, you should have at least $5,000 in personal lines of credit (or credit cards) in your name (for at least 5 years) before applying for either most business credit cards. If you’re not sure which business card is right for you, don’t fret! Business Financing Hub enables you to apply for business funding from many different credit issuers. With our business credit card financing services platform you can compare hundreds of cards from different banks such as CapitalOne, Bank of America, and AMEX, etc. Choosing the right card is only a click away.
Apply for the Best Business Credit Cards Online Now
You can apply for the best business cards online now. If you own a small business that requires you to travel often and purchase office supplies or pay for cell phone services on a regular basis, one of the business cards on our site may be right for you. Listed below are examples of the features and benefits some of the best business cards you can apply for through Business Financing Hub. After reviewing the example features and benefits, you can scroll through the list of business cards above to start applying. You may be able to get same day business credit card approval, if you qualify. Be sure to read the terms and conditions before applying. (Educating yourself on the type of card you want to apply for before you actually apply is the best way to choose the right card for your small business; reading the terms and conditions will further educate you on how the card works).
Example Features & Benefits of the Best Business Credit Cards
- $0 Annual Fee
- 0% Introductory APR for 9 Months (Purchases Only)
- Variable Rate of 11% to 20% After Introductory Rate Period Ends
- Get 1% Cash Back on All Other Purchases
- 74% APR for Cash Advances
- Get 5% Cash Back on Purchases from Office Supply Stores and Cell Phone Services Purchased Directly from U.S. Service Providers
- Get 3% Cash Back on Purchases from a List of Select Categories (e.g. Airfare, Car Rentals, Hotels, Gas Stations, Restaurants, Media Outlets, Shipping, & Computer Hardware)
- Get 10,000 Membership Rewards Points After Making Your First Purchase Within the 1st 90 Days of Opening an Account
- Get 30% More Points On Purchases With The Annual Points Bonus. Annual Points Bonus is Equal To 30% Of Your Past Year’s Purchases On Your Card
- Get 2X Membership Rewards Points On Each Dollar Of Eligible Purchases Made When You Book On The Credit Card Company Travel Website
- Get 1 Point For Each Dollar Of Eligible Purchases
Check the Terms & Conditions Before You Apply for a Business Credit Card Online
Before submitting a small business credit card application, read the terms and conditions. The terms and conditions will help you understand what features and benefits the card issuer offers for that particular business credit card. Features typically include annual fees, introductory interest rates, and the interest rate after the introductory period ends. Benefits often include cash back rewards, statement credits and/or discounts on specific purchases.