Pros:
No annual feeCompetitive rewardsRobust manager controls
Cons:
Once your order ships, you’ll receive payment terms and a due date. You can pay your invoices via Automated Clearing House (ACH), wire transfer, or check.
Pros:
Increased payment flexibility and controlExtended payment terms of 45-60 days available for Business Prime accountsAvailable to small, medium, and enterprise accounts
Cons:
Pros:
Cons:
Factors we considered when choosing these products include:
How easy it is to applyInterest and feesRewardsPayment terms
Here are a few questions to ask yourself when choosing the best credit option for your business:
Do you run a sole proprietorship?
Do you want cashback rewards?
Business credit cards
For example, the Capital One Spark Cash business credit card gives you 2% cashback on all of your purchases. You can use the rewards to pay down your balance or simply cash them out.
Business lines of credit
While the credit line and pay by invoice have no fees or interest, the credit cards come with cashback rewards, which can be attractive.
