The Staples® More Account™ Business credit card is the retailer’s branded credit card for small and large companies. It rewards loyal customers with perks including special financing, cash rewards and free shipping. This Staples® More Account™ Business Credit Card review breaks the card down to help you decide if the card is a good addition for your business-related purchases. Choosing the right business card takes some consideration. Here are the benefits and drawbacks of the Staples More Account business card:
Pros:
No annual feeSpecial financing available for larger purchasesFlat rate of 5% in rewards on online and store purchases$75 off bonus on orders over $150Business owners with lower-than-average credit may get approved
Cons:
APR of up to 29.99%It can only be used at Staples and Staples.comRewards can only be redeemed for purchases and expire in one monthIt does not help you build business credit
Staples provides a provision in the application process for companies who do not want to personally guarantee the card. To qualify for business-only liability, however, your company must: be structured as a corporation, non-profit, or government entity: have been in business for three years or longer; and have sales of at least $5 million. Many small businesses won’t meet the requirements.
Your personal information (address and date of birth)Social Security number The legal business name (DBA)Tax identification numberBusiness structure type (corporation, LLC, sole proprietorship)
Once you complete, electronically sign and submit the application, you should receive a decision in a few minutes. The Staples card could be considered no frills. It doesn’t offer cardholders many bells and whistles but comes with a flat 5% rewards offer on all store purchases. It’s a pretty decent rewards rate – you could fiddle around with revolving categories on cashback credit cards without achieving 5%. The rewards are not redeemable for cash. They’re automatically issued each month in $5 increments for your next purchase. It’s important to stay on top of your rewards – they expire in one month. If you don’t apply them to your store purchases within the short window, they’re gone. While this strategy is a clever way for Staples to get business card customers to shop at the office supply chain regularly, it’s inconvenient for smaller businesses that may not make Staples purchases so often. However, Staples has a couple of fine print restrictions that make the free shipping offer less interesting. Larger-box or oversized orders are not eligible. In addition, design orders, custom printing, and promotional items may not qualify for free shipping. However, some smaller office supply companies do offer credit lines that report to the business credit bureaus. They are:
Crown Office SuppliesGraingerOhana Office ProductsUline
