There are 2 credit cards that I use for our business. I consider these the best business credit cards.
1. Chase Cash Back business (I have 2 of these)
2. HSBC Cash Back
Benefits:
- Separate business from personal spending
- Low interest Rate, currently 9.9% fixed for Chase, 7.9% for HSBC
- At least 1% cash back on all perchases
- No Limit to the cash back received.
- Can request a check at any time, not just at end of year or certain time periods.
- CSV format statements.
- Chase automatically increases your credit line if you pay in full on time.
- Automatic setup of payments.
These cards serve dual purposes, since I typically pay of the credit cards in full monthly, they're actually paying me to use the cards. We use the cards to do all our purchasing, so the amount adds up. Secondly, if I have to carry a balance, the interest rate is reasonable to carry for a month or 2.
My recommendation would be to apply for these cards. Even if you don't get the rate or credit line you require, you can establish a history with those companys. Later you can ask for an increase in the credit line or a decrease in the rate.
Next: Tips on obtaining the best interest rate when applying for Chase Business Cash Back and HSBC Cash back credit cards.
