Startups are a little different than traditional small businesses. Generally, the intention of these young companies is to make waves with their groundbreaking products and services. If you're one of those entrepreneurs, a credit card that can meet your company's unique needs is essential.

With the right credit card, you can access the funds you need, flexible funding terms, and perks. It helps you start your business and connect with clients around the world. You can also build your business credit separate from your personal credit. This is useful when applying for a business loan.

Startup credit cards are best suited to the requirements of companies preparing to disrupt the market. The best credit card for small business startups depends on what you're looking for in that account.

Ink Business Preferred Credit Card: Great for Signup Bonuses

• Reward rate: Spend your first 3x points $150,000 on travel, select business category, 1X points per account anniversary. 1X Points on all other purchases
• Welcome Bonus: 100,000 Bonus Points when you spend $15,000 in the first 3 months
• years Membership fee: $95

If you run a startup, you're probably used to budget constraints. If you can spend every dollar you earn, a credit card that offers a big welcome bonus can help. Earn a sign-up bonus of 100,000 points (after spending $15,000 on qualifying purchases within 3 months of account opening) with the Ink Business Preferred® credit card. This is equivalent to $1,000 in cash. Get 25% more value up to $1,250 when you redeem your points and use them for travel through Chase Ultimate Rewards. Considering the low annual fee for this card, this is very generous.

Before you receive your bonus, you must meet usage requirements, so consider what you are claiming and how you will manage your bills. To get the most out of your signup bonus, you'll need to pay off your debt by the due date, so plan ahead.

Pros

• Relatively low annual fee
• No additional fees for employee cards
• Various travel and purchase protection perks, including much-needed cell phone protection

Cons

• Welcome Bonus spending requirements and duration may be too much for some small businesses

American Express Business Gold Card: Flexible Payment Options BEST

• Reward Rates: Earn 4x points up to $150,000 annually in 2 selected categories with the highest spending in business Billing Cycle; American Express Travel Earn double points on car rentals booked with
• Welcome Bonus: 70,000 Membership Rewards points when you spend $10,000 on eligible purchases within the first 3 months
• Annual fee: $295

Need to pay for a major marketing campaign or additional research and development, but don't have the money right now? You can also pay for very large purchases.

At the end of your billing cycle, you can either pay the entire balance in full without adding interest or use the Amex Pay Over Time plan. Choose Pay Over Time to split the cost of your bulk purchase into monthly installments with interest. This card combines the benefits of a high limit charge card with a credit card that allows for revolving balances, making it ideal for startups with big purchases on the horizon.

Pros

• No preset credit limit
• Despite being a charge card, Amex Pay Over Time allows you to maintain your balance
• Benefits of travel insurance such as Travel Delay and Baggage Delay Insurance

Cons

• $295 annual fee
• No premium travel benefits such as lounge access or credits on trip details, despite the high price

American Express Business Platinum Card: Great for frequent travelers

• Benefit rate : 5x points on flights and prepaid hotels booked on AmexTravel.com. Double points on prepaid car rentals booked on AmexTravel.com. 1.5x points on qualifying purchases in key business categories (up to $2 million per calendar year). 1.5x points on qualifying purchases of $5,000 or more (up to $2 million per calendar year). 1x Points on all other purchases
• Welcome Bonus: 120,000 Membership Rewards Points when you spend $15,000 on qualifying purchases within the first 3 months
• Annual Fee: $695

If you travel frequently for your startup business, you need a credit card that allows you to travel comfortably and economically. The American Express Business Platinum Card® has valuable benefits that help you do both, including up to $200 annual statement credit against qualifying airline fees on one of his eligible airlines. It contains. Cardholders also receive up to $189 in Clear Membership statement credit, up to $100 in Global Entry or TSA PreCheck statement credit, and complimentary access to over 1,400 of the world's best airport lounges, including the Amex Centurion Lounge. ), including access to

These benefits also extend to accommodation. Cardholders automatically qualify for Marriott Bonvoy and Hilton Honors elite status with complimentary room upgrades, breakfast and late checkout. And when you spend $15,000 on qualifying purchases within the first three months of your card membership, you'll receive a welcome bonus of 120,000 Membership Rewards points. Of course, keep in mind that all of these great perks come with a hefty annual fee of $695.

Pros

• Great first year welcome bonus (you can use Amex Travel's Airline Bonus feature to increase your value)
• $2,500 or more in annual statement credit related to travel, business needs, etc.
• High spending limits on major business purchases

Disadvantages

• Unusually high annual fee

Ink Business Cash Credit Card: Year Great for no membership fee cash back

• Points redemption rate: 5% cash back at office supply stores, internet, cable and phone services (anniversary year for each account) 2% cash back on the first $25,000 of total purchases at gas stations and restaurants. 1% cash back on all other purchases
• Welcome bonus: $900 cash back bonus on $6,000 purchase in first 3 months
• <Annual fee: $0

Most startups require a physical workspace. So, if you're looking to create such a space, a business credit card that can earn you big cash rewards on office supplies and telecom bills is key. The Ink Business Cash® credit card offers 5% cash back on up to $25,000 in combined annual purchases at office supply stores, internet, cable and phone services. Get $1,250 in cashback by maxing out that rewards category. You'll also earn 2% on the first $25,000 of your total spend on each account anniversary at gas stations and restaurants. Max it out and you'll get $500 as a reward. Otherwise, you will get 1% cash back.

In addition, you will have access to an initial APR of 0% (followed by a variable APR of 16.99% to 22.99%) for any purchase over a 12-month period. >Pros

• No annual fee
• No Interest Offers On New Purchases
• Secure Cashback Rewards & Welcome Offers – Annual Fee Business Cards

Cons

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Capital One Spark Cash Select – 12 Months Introduced APR 0%: Great for financing new purchases

• Reward rate: Hotel stays booked with Capital One Travel and 5% cash back on car rentals. 1.5% back on all other purchases
• Welcome Bonus: None
• Annual fee: $0

Because the first year of a startup can be expensive and it takes time to turn a profit and secure funding, Especially difficult. As a result, many startup founders are in debt in their first year. Capital One Spark Cash Select – 0% APR credit card usage for 12 months gives 0% APR on new purchases for 12 months (APR then variable APR from 20.24% to 28.24%) . All you need to do is pay a minimum amount each month and pay off all balances before the introductory period ends.

Plus, get unlimited 1.5% cash back on every dollar you spend (plus 5% back on hotel stays and car rentals booked with Capital One Travel). This card has less stringent eligibility requirements compared to many other business cards. Credit requirements are at least “good,” according to Capital One, but many other business cards require good credit.

Advantages

• You may qualify with a good credit score (670 or higher)
• New No interest offer on purchase
• No annual fee

Cons

• No first year welcome bonus

US Bank Business Platinum Card*: Great for Direct Debits

• Reward Rate: None
• Welcome Bonus: None
• Annual fee: $0

If you already have a significant amount of debt for your startup and don't have the cash to pay it off quickly, a balance transfer credit card could help keep costs to a minimum.U.S. Bank Business Platinum Card offers an initial APR of 0% for 18 billing cycles on both balance transfers and purchases made within the first 30 days of card opening (then 16.24% to 25.24% variable APR follows). The best business balance transfer credit card on the market.

Except for a 3% balance transfer fee (minimum $5), no funding costs are added to your balance, so your monthly debt is only as much as your payments decrease. Late payments, refunds, or over credit limits on your account will result in early termination of the transaction and commencement of your regular rate (or higher), so be careful to adhere to the terms. .

Pros

• One of the Longest Zero Interest Offers in the Business Card Market
• Free Employee Cards
• No annual fee

Cons

• No ongoing rewards or first year welcome bonus
• 3% foreign transaction fee

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FAQ

• • Startup still making money aren't you earning?

    yes. However, your startup does not have to generate revenue, but you must prove that you have enough sources of income to meet the monthly payments on your line of credit.

  • Which corporate credit card is easiest to get?

    Business credit cards for people with low credit, such as the Wells Fargo Business Secured Credit Card*, have low credit score requirements. , is the easiest to obtain.

  • Do I need to form a company to get a business credit card?

    No. As a sole proprietor, you can apply for a small business credit card. Use your social security number, not your employer identification number (EIN).

  • Startup disbanded, small business credit card billed

    Most business cards require a personal guarantee, so you will almost certainly be held liable for the debt. If you don't pay your bills on time, you'll see arrears on your credit report and your credit score will drop. If the account defaults, you can be sued for the outstanding amount or the credit issuer will collect the account.

Conclusion

Business credit cards are a valuable tool for startups . The key is choosing the right one for you and your company and managing it responsibly. After all, your business may be disruptive, but your credit card should be constructive.

As always, before you apply, we recommend Consider our selection of the best small business credit cards.There may be additional options.

*Information about the U.S. Bank Business Platinum Card and Wells Fargo Business Secured Credit Card can be found at Bankrate .com independently collected. Card details are not verified or approved by the card issuer.