Having a business credit card makes life a lot easier by allowing you to track all your business-related expenses in one place. You can also earn cashback and other types of rewards for every purchase made at your business. Many business cards for startups, sole proprietors, and businesses offer perks such as free employee cards and travel insurance.
So which business credit card should you choose? If you’re in the business credit card market, you may be wondering which cards are popular and which ones you’re missing out on. You might be wondering if some of the lesser-known business cards are worth checking out, even if they aren’t offered by major publishers.
hidden gem business credit card
With that in mind, we wanted to highlight some of the hidden gem business cards you may not have heard of. Below is an overview of the benefits and features available.
Karat Black Card: Perfect for Digital Content Creators and Influencers
Karat Black Card is for online content creators, from podcast hosts to social media stars. In fact, the card also includes followers in the underwriting process, so you may be able to get approval for higher credit limits based on the size of your audience. is not set and the cardholder can request a customized program instead. From there, he can earn 1% to 5% cashback in three categories he chooses, including options like advertising costs, groceries, and travel.
Karat Black Card has no annual fee and no interest. This is made possible by the fact that the card offers merchant cash advances that are reimbursed based on current and future earnings.
Brex 30 card: perfect for high credit limits
The Brex 30 card for business promises 10x to 20x higher credit limits than the competition. Also, this card has two different payment options. A daily payment option where you withdraw from your deposited cash balance (similar to a secured credit card) and a monthly payment option (similar to a credit card) where you have to pay the balance in full each billing cycle. charge card). Either way, this business credit card has no personal guarantee and no annual fee.
Business owners who choose this card can get unlimited free employee cards and earn rewards on all business-related purchases. Earn 7x points, 4x points on Brex Travel purchases, 3x points on restaurants, 2x points on software purchases and 1x points on other spend.
Divvy Business Card: Great for maximizing rewards
Divvy Business Card comes with no annual fee, free employee card and unlimited virtual credit card numbers. Applicant can also integrate her account with her Divvy expense management software and set enforceable budgets for all cards associated with her account. The credit line can also be up to $15 million, making this card suitable for both small and large businesses.
With this business credit card, you can even gamify your reward process, as frequent payments give you higher reward rates. For example, a cardholder who pays a monthly balance gets 2x points on restaurant and hotel payments, 1.5x points on his subscription to recurring software, and 1x points on other purchases. can be obtained. However, a company that pays a weekly balance earns 7x points on restaurant spending, 5x points on hotels, 2x points on regular software subscriptions, and 1.5x points on other purchases. increase.
Capital on Tap Business Credit Card: Great for holding balances
The Capital on Tap Business Credit Card allows business owners and entrepreneurs to earn cash back and enjoy credit limits up to $50,000. All purchases are cash backed at the standard rate of 1.5% and new cardholders can earn a $750 bonus when spending $7,500 on purchases within 3 months of account opening. There are no annual fees and no foreign transaction fees for overseas purchases.
Interest rates can be as low as 9.99% based on your creditworthiness, so if you have good credit and need to maintain a balance from time to time, you may want to consider this card.
How do corporate credit cards work?
Business credit cards are similar to personal credit cards, but you can extend your credit line. However, business credit cards are for small businesses, sole proprietors, and entrepreneurs and are intended for business-related purchases and spending only.
There are many benefits of having a corporate card. For example, business cards help you track your business expenses and organize them for tax purposes. You can also earn rewards and enjoy any number of business card holder perks.
Is a business credit card right for you?
The many perks that come with business cards are the main reason business owners of all types sign up. This includes business owners with hundreds of employees to sole proprietors who want a way to separate business and personal spending.
While many major card issuers such as Chase and American Express offer popular business credit cards, there are advantages to choosing cards from lesser-known issuers. For example, some of the cards featured in this guide do not require a personal guarantee and tend to offer higher credit limits than other business cards.
How to choose a corporate credit card
To find the best business credit card for your needs, you need to:
- See your spending trendsKnow what your business spends the most on and look for cards that offer bonus cashback or rewards in the top few categories.
- Compare Annual Fees and Other FeesCompare business credit cards based on annual fee and see hidden fees such as foreign transaction fees.
- Determine your ideal credit limitKnow how much your business spends each month and year and look for cards that may offer credit limits within that range.
- Check eligibility requirementsFind out if the card you are considering requires a personal guarantee or has a minimum credit score requirement. Also, look for cards that allow you to prequalify online without impacting your credit score.
- Choose the card with the benefits and features you need mostAfter all these factors are considered, choose a business card with perks, features and rewards that best suit your business.
Top business credit cards such as American Express, Capital One, and Chase are packed with features, but think outside the box. Then you’ll discover that some business credit cards you’ve never heard of come with exceptional reward programs and higher credit limits than elsewhere.
By comparing all available business cards and seeing how they fit your company’s needs and goals, you can find the cards that can help take your business to the next level.
All information regarding Karat Black Card is independently collected by Bankrate and has not been verified or endorsed by the issuer.