Building business credit.Helping to manage business expenses.Gaining business rewards from spending.
One of the best business credit card providers is American Express (or Amex). Here, ZDNet compares some of the benefits you receive with each Amex card to find the right one for your business: Card benefits and fees:
Members can earn a massive amount of reward points, up to 70,000 points, after spending $10,000 on eligible purchases within the first three months. Members can choose to earn up to earn 4X membership rewards points on the 2 categories where your business spent the most each billing cycle from the list below, plus earn 1X on other purchases. Categories include Airfare, advertising, tech purchases like Computer hardware and software, fuel, restaurants, or shipping. Up to the first $150,000 in combined purchases each calendar year.The pay-over-time option gives cardholders flexible payment options to pay with interest or pay the balance in full.
Card benefits and fees:
New members can earn up to 120,000 points after spending $15,000 on eligible purchases within the first three months. Maximize travel points with 5x points on flights and prepaid hotel stays on amextravel.com; 1.5x points on eligible purchases of $5,000 or more. Up to $2 million per year.Up to $400 Annual Dell Technologies Statement Credit. ($200 semi-annually.)In addition to the access of over 1,400 lounges globally, members enjoy perks come vacation time with the Fine Hotels and Resorts Program – a total value of $550 in perks at more than 1,100 properties.
Card benefits and fees:
New members can earn up to 2% cashback on all eligible purchases up to $50,000 and thereafter, 1% cashback. Cashback is automatically credited to the payment statement. Expanded buying power allows members to spend beyond their credit limit when their business needs it, based on payment history and credit record.
Card benefits and fees:
Cardholders earn points quickly with 2x points on any spending category on the first $50,000 in purchases in the first year; 1x points thereafter. Like the Blue Business Cash Card, members may be eligible for expanded buying power beyond their credit limit; based on credit and payment history.
Card benefits and fees:
Business owners get the option of paying the balance in full each month or carrying the balance for 60 days, both with no interest. Members can earn unlimited 1.5% cashback on the amount paid back on the balance within 10 days of the closing statement. You get rewarded for paying off the balance early; there is no cap to the reward.
Card benefits and fees: Card benefits and fees:
New members can earn 50,000 bonus miles after spending $2,000 in the first three months on eligible purchases.Business owners can earn 2 miles for every dollar spent on purchases made with Delta, advertising, dining at restaurants, or shipping purchases; 1 mile per dollar spent on all other purchases. Terms Apply.
Higher credit limits and more spending power. No personal expenditures. This helps come tax time since many of the purchases will often become tax deductions.They help build a business credit profile, which is a determining factor in being able to secure loans and lines of credit.
Compare interest rates. Many credit card companies offer 0% or low introductory interest rates, but eventually, annual percentage rates (APR) will vary. Also, pay close attention to the fees to see if the potential rewards are worth it.Determine which rewards are important for you and your business.mSome offer limited cashback rewards to help manage cash flow while others offer points that can be redeemed in various ways.
