What is the best credit card for a business?

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rbai76
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What is the best credit card for a business?

Postby rbai76 » Mon Jun 30, 2014 12:59 pm

Hi guys,

I'm interested in opening a business credit card for my ecommerce/retail business because it will separate your transactions and they will send you statements with your expenses and such and I know there are some other benefits as well.

I'm 20 years old ~40-50k annual income projected to be more within this year with a 735 FICO and 736 Trans Union score

I currently these cards with the following credit limit
Discover it 2,000
Chase Freedom 3,000
Citi Dividend Platinum Select 2,500
BestBuy Store Card 800
Khols Capital One Store Card 1000
Amazon GE Store Card 2,200

My avg credit history is 1.3 years, and my oldest account is the Citi Dividend which I've had for about 1.7 years.

So based on my history what business card would I have a good chance of getting approved with that has great benefits whether it's cash back or flight miles, I would rather get cash back if it equates to a better value?

Thanks in advance guys


Moneytalks
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Postby Moneytalks » Mon Jun 30, 2014 8:43 pm

I would look at Amex Simply Cash or Chase Ink Cash. If you're willing to pay an annual fee, check out Amex's charge card product line.

If you get denied, just call the recon number and explain your situation.
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

Marcov719
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Postby Marcov719 » Tue Jul 01, 2014 10:32 am

Moneytalks wrote:I would look at Amex Simply Cash or Chase Ink Cash. If you're willing to pay an annual fee, check out Amex's charge card product line.

If you get denied, just call the recon number and explain your situation.


These are two great choices with no annual fees. I currently have the AmEx Simply Cash and looking into applying for the Chase Ink Cash as well.

rbai76
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Postby rbai76 » Tue Jul 01, 2014 10:58 am

Moneytalks wrote:I would look at Amex Simply Cash or Chase Ink Cash. If you're willing to pay an annual fee, check out Amex's charge card product line.

If you get denied, just call the recon number and explain your situation.


I'll definitely look into those. About 4 months ago I tried to get the blue cash Amex but was declined, so I'm not sure if I should try Amex or not.

benhollberg
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Postby benhollberg » Thu Jul 03, 2014 10:53 am

For my small business I use the AMEX Business Rewards Gold and Chase Ink Bold. They both have annual fees but I get more than enough out of them to justify it.
American Express Platinum Card
American Express TrueEarnings Card from Costco
Marriott Rewards Premier Visa Signature Card
Chase Sapphire Preferred World MasterCard
Discover It

mayluio145
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Postby mayluio145 » Wed Jul 09, 2014 7:36 pm

CitiBusiness ThankYou® Card

Rewards cards generally focus on miles, cash back, or hotel stays. The CitiBusiness ThankYou card, however, rewards the dollars you spend with ThankYou points, which can be redeemed for your choice of travel certificates, gift cards, merchandise, or cash back. It is because of its flexible rewards program with no annual fee that the CitiBusiness ThankYou card is considered one of the best options for small businesses.



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