Capital one spark business credit card foreign transaction fee


capital one spark business credit card foreign transaction fee

$595 annual fee 5 Membership Rewards points per dollar on flights and prepaid hotels on amextravel.com. Capital One Spark Classic for. The Capital One Spark Cash Plus* charges a $150 annual fee, which is higher than many business credit cards that offer cash back. There's a $150 annual fee for this card, and no foreign transaction fees. Advantages. This card offers small business owners lots of cash back.

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Capital one spark business credit card foreign transaction fee

Capital One Spark Miles for Business Review [2021]: An Affordable Card with Travel Perks

Are you looking for a business credit card with a low annual fee and plenty of travel benefits? The Capital One Spark Miles for Business (learn more) may be just the credit card you’ve been hoping for.

This card allows you to earn double miles on every purchase you make, and points can be redeemed for travel with Capital One or airline partners. You also get other travel-related perks, including statement credits for TSA PreCheck and Global Entry along with travel insurance protections.

While you don’t get all the travel perks some of the more-expensive credit cards offer, the Spark Miles for Business is a great deal for the price.

Who should get this card?

Are you a business owner who wants to earn rewards you can redeem for travel without a lot of hassle? The Capital One Spark Miles for Business may be the perfect card for your situation. This card is ideal if you don’t want to worry about rotating rewards categories, have multiple employees to give cards to, and book travel regularly — but not often enough to need a card that provides airline lounge access for a hefty annual fee.

Not only is the rewards program easy to understand with the Capital One Spark Miles for Business, but the card also offers other perks to make your life more convenient, such as year-end spending summaries, the ability to download purchase records to multiple formats, and even the chance to choose your own payment date.

When you want a card that helps you manage cash flow for your company, the Spark Miles for Business should be in your wallet.

Card basics

Card Type Business
Card Issuer Capital One
Annual Fee $95 (waived first year)
Early Spend Bonus Earn 50,000 miles after spending $4,500 in the first 3 months
Recommended Credit Score Excellent, Good
Foreign Transaction Fee None

Top card benefits

  • Early spend bonus: Earn 50,000 miles after spending $4,500 in the first 3 months That’s worth up to $2,000 in travel.
  • Simple yet generous rewards program: Earn 5X miles on rental cars and hotels booked through Capital One Travel, and 2X miles on every purchase, every day with no minimum required to redeem.
  • Credits for purchases that make traveling faster and easier: Receive up to a $100 statement credit for Global Entry or TSA Precheck.
  • Travel and purchase protection: The Spark Miles for Business card offers auto rental damage waivers (with primary coverage when renting cars for business purposes), travel and emergency assistance services, and extended warranty protection that doubles the length of original manufacturer’s warranties of up to three years or less.
  • Accounting and cash flow help: You can pick the day you pay, and you’ll also be able to download purchase records quickly and easily to multiple formats — including a year-end annual summary of spending.

Earning & redeeming

Best ways to earn

The Capital One Spark Miles for Business Card makes it really easy to earn points without worrying about spending in specific categories. You just get double miles for every purchase, regardless of where it is or what it is. You also get free credit cards for employees, so you can maximize the points you earn by signing up every member of your staff for a card they can use to charge purchases.

Maximizing your redemptions

Redeeming points is easy, as you can use your miles on flights, vacation packages, hotels, or with one of more than 15 travel partners. Transferring miles to travel partners that provide a generous 2:1 ratio — such as Emirates — can actually get you the most bang for your buck when it comes to redemption. With these partners, your miles may be able to pay for more travel than if you redeem directly through Capital One.

Points can also be redeemed at any time, as there’s no minimum points required to redeem. And with no seat restrictions or blackout dates when booking with miles, you have the ultimate in flexibility with the Spark One Miles for Business card.

Common questions

What are Capital One Spark Miles Worth?

Capital One Spark Miles are worth one cent each when redeemed for travel through Capital One. The value of miles can vary when redeemed through partner airlines but could be worth as much as 1.4 cents per mile with certain airline partners.

How do I redeem my Capital One Spark Miles?

Capital One Spark Miles can be redeemed to book flights, hotels, and vacation packages directly through Capital One. Simply log into your account any time to access rewards information and use points to book your trip. You can also transfer miles to more than 15 travel partners and loyalty programs.

Can Capital One Spark Miles be transferred to partner airlines?

Yes, Capital One Spark Miles can be transferred to:

  • Aeromexico
  • Air Canada
  • Air France
  • Avianca
  • British Airways
  • Cathay Pacific
  • Emirates
  • Etihad Airways
  • EVA Air
  • Finnair
  • Qantas
  • Singapore Airlines
  • TAP Air Portugal
  • Turkish Airlines

Does the Capital One Spark Miles for Business card charge foreign transaction fees?


Other cards to consider

While the Spark Miles for Business is a relatively affordable card, there are cheaper options out there, including the Blue Business Plus Card from American Express and the Ink Business Unlimited Credit Card.

While the Amex card caps your double points at $50,000 in spending — compared to unlimited double miles with the Spark Miles for Business card — it charges no annual fee, so it could be a better choice if your business doesn’t spend a fortune each year.

The Chase Ink Business Unlimited also charges no annual fee while offering 1.5% cash back, so it’s also a good choice if you don’t spend enough to make the Spark Miles’ $95 fee worth paying.

Author Details

Christy Rakoczy

Christy Rakoczy Christy Rakoczy has a Juris Doctorate from UCLA Law School with a focus in Business Law, and a Certificate in Business Marketing with an English Degree from The University of Rochester. As a full-time personal finance writer, she writes about all things money-related but her special areas of focus are credit cards, personal loans, student loans, mortgages, smart debt payoff strategies, and retirement and Social Security. Her work has been featured by USA Today, MSN Money, CNN Money and more, and you can learn more at her LinkedIn profile.

More posts from Christy Rakoczy >

Источник: https://financebuzz.com/capital-one-spark-miles-for-business-review

Capital One debuts three new business credit cards with cash-back rewards

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

Capital One business credit card debut

Capital One Spark Cash Plus Credit Card

The Capital One Spark Cash Plus Credit Card is a charge card, meaning that there is no predetermined spending limit. However, that does not mean you can spend an unlimited amount on the card. Your spending limits are determined by several factors, including spending history, credit score and more.

The card has an annual fee of $150, but comes with a long list of benefits, including:

  • A one-time welcome bonus of up to $1,000. You'll earn $500 once you spend $5,000 in the first three months, and an additional $500 once you spend $50,000 in the first six months
  • Unlimited 2% cash back on every purchase
  • Earn an annual $200 cash bonus for every year you spend $200,000 or more on the card
  • Free employee cards 
  • No foreign transaction fees

Because this is a charge card, keep in mind that your balance is due in full every month. If you do not pay in full, you will be charged a 2.99% monthly late fee.

This card replaced the discontinued Spark Cash Card, which earned 2% cash back and had a $95 annual fee.

The Blue Business® Plus Credit Card from American Express has a similar rewards rate as it earns 2X points for every dollar spent, up to $50,000 per year (then 1X point per dollar). The card has no annual fee. (see rates and fees, terms apply)

Capital One Spark Cash Plus Credit Card

  • Rewards

    Unlimited 2% cash back on every purchase

  • Welcome bonus

    $500 once you spend $5,000 in the first three months, and an additional $500 once you spend $50,000 in the first six months

  • Annual fee

    $150

  • Promo APR

    None

  • Regular APR

    No APR; pay off your balance in full every month to avoid a 2.99% late fee

  • Balance transfer fee

    N/A

  • Foreign transaction fee

    $0

  • Credit needed

    Excellent

See our methodology, terms apply.

Pros

  • Lucrative welcome offer
  • No present spending limit
  • Free employee cards
  • Roadside assistance benefits
  • No foreign transaction fees

Cons

  • Balance must be paid in full each month
  • Annual cash bonus of $200 requires $200,000 yearly spending

Information about the Capital One Spark Cash Plus has been collected independently by Select and has not been reviewed or provided by the issuer prior to publication.

Capital One Spark Cash Select Credit Card - Good Credit

The Capital One Spark Cash Select Credit Card comes in two different versions. This version is designed for business owners with good credit, and that need payment flexibility. The card comes with a 0% intro APR for 12 months, and is 15.99% - 23.99% variable APR after that.

In addition, the card comes with these benefits:

  • Unlimited 1.5% cash back
  • No annual fee
  • Free employee cards
  • Roadside assistance

Because this is a credit card you will have a credit limit, unlike a charge card, and will only be able to spend up to a certain amount before you need to pay off your balance again.

Capital One Spark Cash Select - Good Credit

  • Rewards

    Unlimited 1.5% cash back on every purchase

  • Welcome bonus

    None

  • Annual fee

    $0

  • Promo APR

    0% intro APR for 12 months

  • Regular APR

    15.99% - 23.99% variable

  • Balance transfer fee

    N/A

  • Foreign transaction fee

    $0

  • Credit needed

    Good

See our methodology, terms apply.

Pros

  • Generous intro APR period
  • Free employee cards
  • Roadside assistance benefits
  • No foreign transaction fees

Cons

  • No welcome bonus
  • You can earn more cash back with other cards

Information about the Capital One Spark Cash Select - Good Credit has been collected independently by Select and has not been reviewed or provided by the issuer prior to publication.

Capital One Spark Cash Select Credit Card - Excellent Credit

This version of the Capital One Spark Cash Select Credit Card is for business owners with excellent credit. This card does not come with a 0% intro APR, but comes with a significant welcome bonus:

  • $500 welcome bonus when cardholders spend $4,500 in the first 3 months
  • Unlimited 1.5% cash back
  • No annual fee
  • Free employee cards
  • Roadside assistance

This card competes with the Chase Ink Business Unlimited® Credit Card, which offers a great welcome bonus of $750 after spending $7,500 in the first three months of card membership. Additionally, the card offers northfield bank high yield savings account 0% intro APR for the first 12 months (after, 13.24%–19.24% variable) and 1.5% cash back on all eligible purchases.

Capital One Spark Cash Select - Excellent Credit

  • Rewards

    Unlimited 1.5% cash back on every purchase

  • Welcome bonus

    Earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first 3 months from account opening. 

  • Annual fee

    $0

  • Promo APR

    N/A

  • Regular APR

    13.24% - 19.24% variable APR

  • Balance transfer fee

    N/A

  • Foreign transaction fee

    $0

  • Credit needed

    Excellent

See our methodology, terms apply.

Pros

  • Valuable welcome offer bonus
  • Free employee cards
  • Roadside assistance benefits
  • No foreign transaction fees

Cons

  • High APR
  • You can earn more cash back with other cards

Information about the Capital One Spark Cash Select for Excellent Credit has been collected independently by Select and has not been reviewed or provided by the issuer prior to publication.

How to apply for and pick a business credit card

There is a seemingly endless list of business credit cards available for small business owners. It can be overwhelming to try to pick the right card for your business, but it can be boiled down into a few key points.

Picking the right business credit card

When you are searching for a business credit card, keep in mind these few questions:

  • What is your credit score?
  • Do you have an established EIN (employer identification number)?
  • Which benefit would help your business more: Cash back or travel rewards?
  • Do you travel often for work? If so, consider a business credit card with travel benefits like the Chase Ink Business Preferred® Credit Card or The Business Platinum Card® from American Express.
  • Are you spending often on a few categories such as shipping or travel? Or are you spending on a wide variety of categories? Selecting a business credit card with specific rewards categories or a card that earns rewards at a flat rate can heavily influence the amount of points or cash back you'll earn.
  • Are you open to paying an annual fee? In many cases, if you take advantage of a credit card's benefits, the annual fee can be justified.

By keeping these questions in mind, you will be able to find a few business credit card options that work best for your company.

Applying for a business credit card

Applying for a business credit card is very similar to a regular credit card application, with just an extra few steps.

You will need the following information to document the status of your business:

  • Business name, address and phone number
  • Industry type and company structure
  • Years in business
  • Number of employees
  • Annual business revenue
  • Estimated monthly spend
  • Tax identification number
  • Personal information such as your social security number, name, birthday and address

Capital One says its business credit card application will take roughly 10 minutes. But if you have this information handy, it can be processed even quicker.

Bottom line

The Capital One business credit card portfolio may appeal to many types of small business owner. Whether you are looking for spending flexibility, payment flexibility or solid cash-back rewards, one of these three cards can help you run and operate your business's expenses.

For rates and fees of the Blue Business Plus, click here.

Information about the Capital One Spark Cash Select Credit Card - Excellent Credit, Capital One Spark Cash Select Credit Card - Good Credit and the Capital One Spark Cash Plus Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the cards prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Источник: https://www.cnbc.com/select/capital-one-new-business-credit-cards-enhanced-cash-back/

The Best Business Credit Cards on the Market

Ivan Stevanovic Image

ByIvan Stevanovic

January 20,2021

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If you are looking for business credit cards and feeling overwhelmed by the vast array of options, fear no more - our guide has you covered. Many people get swept up by fantastic-sounding offers, but few bother reading the fine print. To help with that, we’ve compiled an in-depth analysis of business cards, one of which will undoubtedly be tailored to your company’s needs. Join us as we compare credit cards and study each one in detail to help you avoid costly crises.

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1. Chase Ink Business Unlimited® Credit Card

Chase Ink Business Unlimited® Credit Card Logo APPLY NOW

The Ink Business Unlimited® is one of the best business credit cards for startup and small-business owners looking to invest in their companies. With a 0% introductory APR for 12 months, a generous welcome bonus, and a flat-rate 1.5% cash back on business purchases, this card’s only downside is its relatively short list of perks and benefits.

Rewards:

Unlimited 1.5% cashback rewards on all business purchases

Welcome bonus:

$750 bonus cashback after you spend $7,500 on purchases in the first three months of account opening

Intro APR:

0% introductory APR on purchases for the first 12 months

Regular APR:

13.24%-19.24% (variable) on purchases and balance transfers; 24.99% (variable) on cash advances

Foreign transaction fee:

3% of the transaction amount in US dollars

Balance transfer fee:

$5 or 5% of the amount of each transfer (greater of the two)

Credit needed:

Good/Excellent

pros thumb upPros
  • ⦿0% introductory APR
  • ⦿No annual fee
  • ⦿Excellent mobile app
pros thumb upCons
  • ⦿Charges foreign transaction fees

Estimated rewards earned after one year: $1,125

Estimated rewards earned after five years: $2,625

The Ink Business Unlimited® is one of the best business credit cards for startup and small-business owners looking to invest in their companies. With a 0% introductory APR for 12 months, a generous welcome bonus, and a flat-rate 1.5% cash back on business purchases, this card’s only downside is its relatively short list of perks and benefits.

Eligibility Requirements

To qualify for Chase’s Ink Business Unlimited®, the ideal candidate needs to be in the “prime” lending category with a credit score of at least 670. Still, note that this rule isn’t set in stone, as the card issuer will also take your company’s annual income and monthly cash flow into account when evaluating your application.

APR

If you’re on the hunt for capital one spark business credit card foreign transaction fee business credit cards that will help you finance a new venture, the Ink Business Unlimited® card is a great choice. In addition to a quick approval process, this business card offers a 0% introductory APR for 12 months, so you can start investing in your business without having to worry about paying the interest off right away. After that, you’ll face an ongoing variable APR between 13.24% and 19.24% for purchases and balance transfers. Note that there’s also the 24.99% APR for cash advances and the 29.99% penalty APR.

Fees

As one of the best credit cards for a  small business, Ink Business Unlimited® doesn’t charge an annual fee. On the downside, there’s a 3% foreign transaction fee. Balance transfers and cash advances cost either 5% or $5, and 5% or $15, whichever is greater, respectively. Late and returned payments both cost $39 per item. Additional employee cards that can earn benefits for the principal account holder are issued free of charge.

Rewards

The main benefit of this Chase credit card is the 1.5% cash back it offers on all purchases. As the card’s name suggests, not only do purchases in all spending categories earn you rewards, there’s no limit on the total purchase value, either. To top things off, as one of the most lucrative cash back business credit cards, the Ink Business Unlimited® can get you a one-time $500 cashback reward if you manage to spend at least $3,000 within three months take me to the nearest chase bank account opening.

You can apply the rewards toward your balance, get a direct cash deposit, make travel arrangements, purchase Apple devices, or turn the rewards into gift cards.

Benefits and Perks

While the Ink Business Unlimited® card may not have the same features as Chase’s more premium solution, Ink Business Preferred®, it still comes with its own set of useful benefits. To secure its spot among the top business credit cards, the Ink Business Unlimited® offer includes complimentary auto-rental insurance, purchase protection on covered items of up to $10,000 per claim, and a one-year extended warranty on items with eligible warranties of three years or less.

Users also enjoy the Ink mobile app, which features real-time purchase alerts, account usage tracking, and purchasing limit settings.

2. Capital One Spark Cash for Business

Capital One Spark Cash for Business Logo APPLY NOW

With unlimited 2% cash back on all eligible purchases, the Capital One Spark Cash for Business is one of the best business cash back credit cards on our list. It doesn’t charge foreign transaction fees, either, but it lacks an introductory 0% APR period.

Rewards:

Unlimited 2% cash back on all purchases

Welcome bonus:

$500 cash bonus once you spend $4,500 on purchases in the first three months of account opening

Annual fee:

$0 for the first year; $95 after that

Regular APR:

20.99% (variable) on purchases and 26.99% (variable) on cash advances

Foreign transaction fee:

N/A

Balance transfer fee:

N/A

Credit needed:

Good/Excellent

pros thumb upPros
  • ⦿High rewards rate
  • ⦿No foreign transaction fees
  • ⦿Annual fee waived for the first year
pros thumb upCons

Estimated rewards earned after one year: $1,000

Estimated rewards earned after five years: $3,000

Eligibility Requirements

Capital One Spark Cash for Business has slightly above-average FICO credit-rating requirements. To be on the safe side, you need a credit score of at least 690, well into the “Good” category. This is no guarantee, however - as with other cards, your overall financial circumstances may also be considered, along with your credit.

APR

While most credit cards for business owners come with a lower introductory APR, that isn’t the case with the Capital One Spark Cash for Business card. Instead, you’ll be charged 20.99% (variable) for purchases and 26.99% for cash advances from day one. The penalty APR amounts to 29.4% and may apply if you make a late payment.

Fees

The annual maintenance fee for Capital One Spark Cash for Business is $95. However, this fee is waived during the first year of ownership. What’s more, there are no balance transfer or foreign transaction fees. Cash advance fees are relatively low, at 3% of each cash transaction or at least $10. Like most other unsecured business credit cards, the Capital One Spark Cash card imposes a late payment fee of up to $39. Additional employee cards come free of charge.

Rewards

Capital One cards come with excellent rewards programs, and Spark Cash for Business is no exception. There are no special requirements - you simply get bank of america auto loan application status 2% cash back on all purchases. Other card issuers may offer a better rate on specific goods, but the 2% you get here applies to any industry or product, and there is no cash limit.

As for the sign-up bonus, it’s similar to the one offered by another business credit card, the Chase Ink Business Unlimited®, but you need to spend $4,500 instead of just $3,000 within your first three months to qualify for the one-time $500 cashback reward.

Benefits and Perks

The main Spark Cash for Business benefits are geared towards travel and purchase protection. Additional features include roadside assistance, fraud alerts, $0 fraud liability, security alerts, and extended warranty.

As any renowned card provider should, Capital One has an app for its business rewards credit cards. It allows you to check your credit score, get instant purchase notifications, pay your bills, lock your credit card, and view and redeem your rewards.

3. Chase Ink Business Preferred® Credit Card

Chase Ink Business Preferred® Credit Card Logo APPLY NOW

Offering fantastic perks and benefits, Chase Ink Business Preferred® is one of the best business credit cards for travel on our list. It comes with a generous sign-up bonus and doesn’t charge foreign transaction fees. However, it has a moderate annual fee and slightly above-average FICO credit score requirements.

Rewards:

Earn 3x points on the first $150,000 spent on select business purchases and unlimited 1x rewards on all other purchases

Welcome bonus:

100,000 bonus points once you spend $15,000 on purchases in the first three months after account opening

Regular APR:

15.99%-20.99% (variable) on purchases and balance transfers; 24.99% (variable) on cash advances

Foreign transaction fee:

N/A

Balance transfer fee:

$5 or 5% of the amount of each transfer (greater of the two)

Credit needed:

Good/Excellent

pros thumb upPros
  • ⦿Generous sign-up offer
  • ⦿No foreign transaction fees
  • ⦿Fraud protection
pros thumb upCons

Estimated rewards earned after one year: $1,750

Estimated rewards earned after five years: $4,750

Eligibility Requirements

Chase cards tend to favor consumers with good to excellent credit scores. To qualify for Chase Ink Business Preferred®, you should have a score of at least 690. Your chances are even better if you fall within the 740-and-above margin, but having existing Chase products or sizable annual revenue can help with a lower credit score.

APR

Unfortunately, Chase Ink Business Unlimited® isn’t among the introductory-0%-APR business credit cards. The ongoing variable APR ranges from 15.99% to 20.99% for purchases and balance transfers, while cash advances come with a 24.99% rate. If you fail to make a minimum payment by its due date or your payment returns as unpaid, you’ll face a penalty APR of up to 29.99%.

Fees

Firstly, there is a $95 annual maintenance fee that cannot be waived. Balance transfers cost either 5% or $5, while cash advances are 5% or $15, whichever is greater. There are no foreign transaction fees, but late and returned payments will both cost you $39 per item. 

As one of the best business credit cards for an LLC or any other company structure, Ink Business Unlimited® offers extra employee cards that can earn rewards at the same rate as the primary account holder’s card free of charge.

Rewards

As the best travel credit card, this Chase card rewards you with 100,000 bonus points after you spend $15,000 on purchases in the first three months since account opening. This welcome bonus equals $1,000 in cash, or $1,250 if redeemed as travel rewards (the card issuer gives a 25% bonus on all travel redemptions). 

When it comes to ongoing rewards, Ink Business Unlimited® is once again among the best credit cards for a business of any size. Its ongoing rewards are also pretty good - you get three points for every dollar spent on travel, advertising, shipping, and telecommunication purchases (up to $150,000 annually) and a point for every $1 spent on all other purchases, with no annual limit.

Redemption options include cash back, gift cards, and travel arrangements.

Benefits and Perks

The best credit card offers include a wealth of benefits in addition to their usual rewards, and so Chase Ink Business Unlimited® does too. On top of the best business rewards, this card also offers cell phone protection (up to $600 per incident, up to 3 times per year, with a $100 deductible), trip cancellation insurance, purchase protection (up to $50,000 per account), extended warranty on eligible purchases, and access to the Ink Mobile App for tracking spending patterns and setting up spending limits. Finally, there is the one-to-one matching point transfer for popular airline and hotel loyalty programs.

4. Capital One Spark Miles for Business

Capital One Spark Miles for Business Logo APPLY NOW

Thanks to its great bonuses for frequent travelers and lack of foreign transaction or balance transfer fees, Capital One Spark Miles for Business has secured its spot among top-rated business credit cards for small-business owners. It’s not without downsides, however, due to elevated FICO credit score requirements and a slightly higher APR.

Rewards:

Unlimited 2x miles on all business purchases

Welcome bonus:

50,000 miles after you spend $4,500 in the first three months from account opening

Annual fee:

$0 for the first year, $95 after that

Regular APR:

20.99% (variable) on purchases and balance transfers; 26.99% (variable) on cash advances

Foreign transaction fee:

N/A

Balance transfer fee:

N/A

pros thumb upPros
  • ⦿Generous sign-up offer
  • ⦿Free employee cards
  • ⦿No balance transfer fees
pros thumb upCons

Estimated rewards earned after one year: $1,004

Estimated rewards earned after five years: $3,020

Eligibility Requirements

Much like with the Spark Cash for Business card, you’ll need a FICO score of at least 690 to have a chance of being approved for this card. Other circumstances might spice up your application, but it’s best to apply with a credit score that’s considered at least good.

APR

The variable annual percentage rate for purchases and balance transfers is 20.99%, while cash advances come with a 26.99% rate. There isn't an introductory APR offer. Similar to other credit cards for small business owners, Capital One Spark Miles for Business charges a penalty APR of 29.4%.

Fees

Capital One Spark Miles for Business mirrors the Spark Cash for Business when it comes to ongoing upkeep and transfer costs. The annual maintenance fee of $95 is waived during the first year, and there are no foreign transaction or balance transfer fees. Using the card for cash advances will cost you 3% of each advance, or $10, whichever ends up greater. Late payments incur a charge of up to $39.

Rewards

As the name suggests, Capital One Spark Miles for Business belongs among business travel credit cards. As such, the rewards offered are mostly suited for frequent flyers and travelers. You get 50,000 miles after spending $4,500 in the first three months of account opening. The ongoing rewards are also generous - you get two miles for every dollar in purchases, and there are no limits to how many rewards you can earn.

The accumulated miles can be used to pay for flights, hotels, or vacation packages. Additionally, you can transfer the rewards to Capital One’s travel partners, such as JetBlue, British Airways, Aeromexico, and Turkish Airlines.

Benefits and Perks

Business credit cards for users who travel a lot focus on making those trips as convenient as possible. In addition to flexible redemption options, holders also get up to $100 in credit for Global Entry or TSA PreCheck® when using their Spark Miles card.

Like other Capital One credit cards, this option comes with year-end summaries, free employee cards with spending limits, roadside assistance, $0 fraud liability, security alerts, a card-lock feature, and extended warranty on eligible purchases.

5. American Express Blue Business® Plus Credit Card

American Express Blue Business® Plus Credit Card Logo APPLY NOW

The American Express Blue Business® Plus card is one of the better credit cards for new small-business owners. This low-cost option comes with a 0% introductory APR and doesn’t charge maintenance fees. Still, note that the card doesn’t have a welcome offer.

Rewards:

Earn 2x points on the first $50,000 spent on purchases each year and unlimited 1x points on purchases thereafter

Intro APR:

0% introductory APR on purchases for 12 months

Regular APR:

13.24%-19.24% (variable)

Foreign transaction fee:

2.7% of each transaction in US dollars

Balance transfer fee:

$5 or 3% of the amount of each transfer (greater of the two)

Credit needed:

Good/Excellent

pros thumb upPros
  • ⦿No annual membership fees
  • ⦿0% introductory APR
  • ⦿Solid ongoing rewards
pros thumb upCons

Estimated rewards earned after one year: $500

Estimated rewards earned after five years: $2,500

Eligibility Requirements

As is the case with a lot of other cards on our list, you need to have a good credit score to be approved. Naturally, the higher your score, the higher your approval chances. The baseline is around 690, but your FICO score is not the only factor; the card issuer will evaluate your overall financial situation, as well.

APR

A lot of people search for low-interest business credit cards online. While interest is fantastic when you’re the one accruing it, APR is something that most people would much rather avoid. Blue Business® Plus is one of several American Express cards that offer an introductory 0% APR period. After 12 months, the variable ongoing APR settles somewhere between 13.24% and 19.24%, depending on your creditworthiness and other factors. Note that there’s also a penalty APR of 29.24%.

Fees

As far as fees go, you’ll get fort smith weather history pretty good deal with this card. There are no annual maintenance charges, and the remaining costs are relatively low. No-annual-fee business credit cards usually have high transaction fees, but with Blue Business® Plus, you will only pay 3% or $5 per balance transfer and $2.7 for foreign transactions. Additionally, returned and late payments will cost you up to $39 per item.

Rewards

The Amex Blue Business® Plus card may not offer spectacular rewards, but it can still be great for small businesses and startups with moderate yearly expenditures.

The card offers double points for the first $50,000 spent in a year and a point per each dollar spent after that, without spending-category restrictions. These points can then be redeemed on the Amex Membership Rewards Portal for merchandise, travel, transportation, and other products and services. There are many business credit cards with rewards for spending a certain amount of money within the first few months of owning the card. Since Blue Business® Plus has no sign-up offer, doubling the points on the first $50,000 is the card’s only selling point in the rewards category.

Benefits and Perks

One of the best perks about Blue Business® Plus is its expanded buying power feature, which lets you spend beyond your credit limit each time your business needs it. As one of the best business credit cards for startups and growing companies, this Amex card also offers free additional cards for employees, access to Vendor Pay by Bill.com, a Quickbooks connection, year-end summaries, and online statements.

You can also get car-rental loss and damage insurance, an additional year of warranty on all products with existing warranties of up to five years, 90-day return protection for items that sellers refused to return and refund, and a global assistance hotline. 

It’s also important to mention that American Express has easy-to-manage business credit cards thanks to its well-designed and feature-rich mobile app.

6. Wells Fargo Cash Wise Visa® Card

Wells Fargo Cash Wise Visa® Card Logo APPLY NOW

The Wells Fargo Cash Wise Visa® Card is a well-rounded card with a class-leading 15-month 0% APR introductory period and no annual maintenance fee. The only potential niggle is that it’s hardly among the easy-approval business credit cards. You have to have an above-average credit score to even be considered.

Rewards:

Unlimited 1.5% cash rewards on all purchases

Welcome bonus:

$150 cash rewards bonus when you spend $500 in purchases in the first three months

Intro APR:

0% introductory APR on purchases for 15 months

Regular APR:

14.49%-24.99% (variable) on purchases and balance transfers

Foreign transaction fee:

3% of each transaction after conversion to US dollars

Balance transfer fee:

$5 or 3% of the amount of each balance transfer for the first 120 days; $5 or 5% for each transfer after that

Credit needed:

Good/Excellent

pros thumb upPros
  • ⦿Easily attainable sign-up bonus
  • ⦿0% introductory APR for 15 months
  • ⦿No annual membership fees
pros thumb upCons
  • ⦿Has a foreign transaction fee

Estimated rewards earned after one year: $525

Estimated rewards earned after five years: $2,025

Eligibility Requirements

Cash Wise comes with some of the toughest credit score requirements of all the cards on our list. The applicant needs a score of 700 to be considered at all, while a credit score of 730 guarantees the best results. Consumers with a FICO score of just under 700 are also likely to be considered, provided their other financial indicators are good enough. However, keep in mind that the higher your credit score, the better your variable APR will be later, and vice-versa.

APR

When searching for new business credit cards, many people look for a lower introductory annual percentage rate. The Wells Fargo Cash Wise card checks that box by offering a 0% intro APR for both purchases and balance transfers which is valid throughout the first 15 months of card membership. After the introductory period expires, users face a regular APR between 14.49% and 24.99% (variable). The APR for cash and overdraft protection advances ranges from 23.99% to 25.99%, but there’s no penalty rate.

Fees

When discussing the best business credit cards that don’t charge maintenance fees, we have to mention the Cash Wise Visa®. In addition to the lack of annual costs and a gracious APR-free period, there is also an introductory lower-fee period for balance transfers. Within the first 120 days, they cost $5 or 3% of the transaction, whichever is greater. After that, the percentage goes up to $5 or 5%. Cash advances are 5% or $10, and foreign transactions are 3%. Late and returned payments, as well as returned checks, will all cost you up to $40 per item.

Rewards

While there are better small-business credit cards in terms of rewards, this Wells Fargo card still offers a good deal. Much like with the Chase Ink Business Unlimited®, you get unlimited 1.5% cash back on all purchases. This card issuer also incentivizes customers to use digital payment services, such as Google and Apple Pay, by offering 1.8% cash back within the first year if you pay using one of them. Additionally, there is a $150 one-time cashback bonus for spending at least $500 within the first three months after opening your account.

As is the case with most other business cash back credit cards, the rewards don’t expire as long as you keep your Wells Fargo Cash Wise Visa® account open. You can redeem your rewards for cash at Wells Fargo ATMs (in $20 increments), have them directly deposited into your Wells Fargo savings or checking account, or apply them as credit to your Wells Fargo mortgage principal balance.

Benefits and Perks

The Wells Fargo Cash Wise card comes with a variety of valuable benefits. The standout feature is mobile phone insurance, which gives you up to $600 per claim if your cell phone is lost, stolen, or damaged. There are no extra fees for this service, but it does have a $25 deductible.

As one of the top-rated small-business credit cards for new businesses and established companies alike, the Wells Fargo Cash Wise card offers round-the-clock fraud monitoring and zero-liability protection in case someone tries to make unauthorized transactions using your card. Cardmembers also get rental-car collision and damage insurance. Although there are some limitations, the coverage goes up to the cash value of the rental vehicle.

Wells Fargo’s mobile app is available with all of its cards and generally has very favorable reviews from small-business credit card users.

7. US Bank Business Platinum Card

US Bank Business Platinum Card Logo APPLY NOW

The US Bank Business Platinum card is one of our favorite business credit cards for new-business owners. It comes with an introductory 0% annual percentage rate, followed by a relatively low ongoing APR once the welcome offer expires. The card has no annual fee, and its other fees are also quite low. The downsides include a steep credit score requirement and the absence of a rewards program.

Intro APR:

0% introductory APR on purchases for 15 months

Regular APR:

11.99%-20.99% (variable) on purchases and balance transfers

Foreign transaction fee:

3% of each transaction

Balance transfer fee:

$5 or 3% of the amount of each balance transfer (whichever is greater)

Credit needed:

Good/Excellent

pros thumb upPros
  • ⦿Relatively low ongoing APR
  • ⦿0% introductory APR for 15 months
  • ⦿No annual membership fees
pros thumb upCons
  • ⦿Has a foreign transaction fee

Estimated rewards earned after one year: N/A

Estimated rewards earned after five years: N/A

Eligibility Requirements

This card isn’t a good choice for fair-credit applicants. To be considered, you need to have a good or excellent credit rating, preferably above 740. While there are ways to lower this bar, you should probably steer clear of the Business Platinum card if you don’t have an above-average credit score.

APR

This is one of the best business-credit-card offers on our list in terms of APR - the US Bank Business Platinum card comes with a 0% introductory period of 15 months. After the intro period passes, the card includes a relatively low variable APR, ranging between 11.99% and 20.99% for purchases and balance transfers. The APR for cash advances is 25.99%, while the penalty rate is 29.99%.

Fees

US Bank credit cards tend to have fairly standardized fees, but the Business Platinum stands out for its lack of annual maintenance charges. Balance transfer costs are also low - you'll pay 3% of each transaction amount or $5 (whichever is higher). The 3% or $5 for cash advances is also pretty standard when it comes to credit cards for small-business owners. Note that there’s also a 3% foreign transaction fee. Lastly, late payments will cost you up to $39 per item, while a returned payment incurs a $35 fee.

Rewards

Simply put, the US Bank Business Platinum card doesn’t have a rewards program. There are no ongoing rewards nor a sign-up bonus. On the upside, that means you won’t have to spend extra to redeem your rewards on time.

Benefits and Perks

Even though it lacks a rewards program, this card still comes with solid customer perks and handy features. The main one to mention is its excellent set of account-management and expense-tracking tools, on par with those offered by the best business credit cards for small-business owners. You can choose and even change your statement due date, manage employee cards, customize account alerts, set up autopay options, and categorize and track expenses.

There is also an Overdraft Protection plan that prevents a user’s account balance from falling below zero and triggering overdraft fees. The program ensures that transactions that would otherwise result in overdrafts and negative balances are completed while preserving your balance by linking to backup accounts. Depending on your deposit account, this service can be pretty costly, but it’s still a handy option.

Finally, as one of the best-rated business credit cards, the US Bank Business Platinum comes with a mobile app that has generally favorable reviews and allows you to track your finances on the move.

8. Brex for Startups

Brex for Startups Logo APPLY NOW

Small-business credit cards with no credit checks or APR are the proverbial unicorn of the business world. Brex falls into this category, with no annual maintenance or foreign transfer fees. However, the card’s main downside is that it's geared towards well-established startups with significant starting capital and can quickly cover their outstanding debt.

Rewards:

8x points on ridesharing, 5x on travel, 4x on restaurants, 3x on eligible Apple purchases, 1.5x on ads, and 1x points on all other purchasing categories

Welcome bonus:

Earn 10,000 points when you spend $3,000 using Brex cards in your first three months of card membership

Foreign transaction fee:

N/A

Balance transfer fee:

N/A

Credit needed:

No requirements

pros thumb upPros
  • ⦿Generous rewards rates
  • ⦿Lucrative sign-up bonus
  • ⦿Fraud protection
pros thumb upCons
  • ⦿$50,000 account balance requirement for applying

Estimated rewards earned after one year: $1,125

Estimated rewards earned after five years: $3,625

Eligibility Requirements

Brex for Startups is a unique card. Instead of judging your eligibility by your FICO credit score, the issuer is interested in the here and now: For example, how much your business can make.

Business credit cards capital one spark business credit card foreign transaction fee new businesses often offer benefits tailored to startups and small businesses, but still require at least fair or better credit scores, which can be a problem for many entrepreneurs. Still, even without credit-related conditions, Brex can be tough on those just starting: Although the FICO capital one spark business credit card foreign transaction fee goes out the window, your business still needs a hefty $50,000 standing account balance to apply.

APR

One of Brex’s astounding features is that it has no APR. We’re not talking about the industry-standard introductory 0% APR here, either - there is no ongoing APR with Brex. There’s a good reason for it, though. We’ve spoken about startup-business credit cards without mentioning charge cards, but that’s exactly what Brex is. While offering similar rewards and benefits to the other cards on our list, Brex’s - and any charge card’s - big difference is that its balance must be paid off in full every billing cycle.

Fees 

There are no annual maintenance or foreign transaction fees with this card. Capital one spark business credit card foreign transaction fee cardholder is also entitled to one physical card and 10 virtual ones they can give to their employees.

Rewards

Business credit cards for bad credit owners tend to have middling rates and rewards, but with Brex, you’re getting some pretty good deals. First of all, you’ll earn 10,000 points when you spend $3,000 on Brex cards and 20,000 points when you link either an eCommerce or payroll platform to Brex and fund payroll or deposit revenue in your first three months of card membership.

As for the ongoing rewards, you get 8x points for ridesharing, 5x on travel, 4x on restaurants, 3x on eligible Apple purchases, 1.5x on ads, and 1x points on all other purchasing categories. When it comes to business credit cards for startups, only a few offer a better deal.

Benefits and Perks

One of the many things that Brex does differently is credit-limit management. As we’ve already mentioned, the key thing for your business with Brex is how well your business is doing here and now. Brex dynamically adjusts your credit limits based on your cash flow and spending patterns. This is done automatically and, depending on how well your business is doing, it can extend your credit limit way above those of traditional business credit cards for an LLC or a startup.

The list of Brex perks also includes instant payouts, expense management features, and seamless integrations with services such as Quickbooks, Xero, Gusto, Rippling, SAP Concur, Expensify, and more.

Our Methodology

Eligibility Requirements

The first thing that we consider when evaluating business credit cards is the eligibility criteria for getting one. The primary evaluation method used by most card issuers is focused on the credit rating of the business owner. When talking about credit ratings, we usually refer to Fair Isaac Corporation’s (FICO) credit score as a universally accepted measure of consumer credit risk. FICO scores typically range from 300 to 850. The 300-669 bracket is reserved for poor and fair credit ratings, while good credit ratings start at around 670.

To conclude, this category evaluates the requirements you need to meet to qualify for good business credit cards, be they related to your credit score or other financial aspects.

APR

Regardless of whether you are choosing a credit card for your company or personal use, one of your initial considerations should be the annual percentage rate (APR) you can expect. APR essentially determines the interest on your card’s outstanding balance. It is the interest rate for a whole year (annualized), rather than just a monthly fee. It is applicable in a number of instances, including loans, mortgages, and credit cards.

APR for credit cards for business can be fixed or variable, depending on many factors, including the card member’s credit score and current interest rates. Another common feature is an introductory period during which the APR is much lower or even waived completely. 

In short, this category takes into account initial and ongoing APR rates, as well as the length of the introductory period.

Fees

Credit card offers typically come with two types of fees - an annual fee for maintenance and miscellaneous expenses for various services. Yearly maintenance fees may sometimes be waived, while standard running costs include foreign transaction, balance transfer, and cash advance fees. Some banks may charge for additional company cards issued to employees, while those with the best corporate credit cards may waive this charge as part of their welcome offer. Remember that banks with no annual fees may offer worse conditions to compensate for that generosity.

To sum it up, this category evaluates credit card offers based on whether they have annual maintenance fees, how much they cost and how expensive their other fees are.

Rewards

Card issuers rely primarily on various bonuses and loyalty rewards to lure and retain potential customers. The best business credit card offers include generous welcome bonuses, cash back on purchases, or redeemable points. The welcoming bonuses usually give clients a one-time cash sum for spending a certain amount of money within the first couple of months from activating their credit cards. Cashback schemes either offer flat cashback percentages for all purchases, or higher bonuses for products or services within a particular niche (IT services, office equipment, travel expenses, etc.) Finally, your redeemable points may be used for travel expenses, gift cards, and many other card-specific features.

To help you get a better understanding of business credit cards’ rewards potential, we made sure to include one-year and five-year rewards estimates in our reviews. The baseline for these estimates was a prediction that a sample small business operating in the US has approximately $25,000 in expenses that can be reasonably charged to a credit card each year.

In conclusion, this category examines potential rewards for using your credit card of choice and how easy it is to redeem those rewards.

Bonus Features

If you compare business credit cards online, you’ll see that most card issuers offer several bonus features. Their general idea is to encourage credit card owners to manage and spend their money, so expense-management and tracking tools embedded in desktop or mobile apps are a common feature. Issuing free cards to employees and allowing account owners to set specific restrictions is another common perk found with many credit cards for businesses. Other offers may include unique insurance benefits and access to premium airport lounges or hotels.

Finally, this category is all about helping you compare business credit cards in the context of additional features - from dedicated desktop or mobile apps to special offers and features unique to the card.

Featured Snippet Image

Top-Rated Business Credit Cards of 2021

  1. Chase Ink Business Unlimited® Credit Card

  2. Capital One Spark Cash for Business

  3. Chase Ink Business Preferred® Credit Card

  4. Capital One Spark Miles for Business

  5. American Express Blue Business® Plus Credit Card

FAQ

What is the best credit card for a small business?

Brex for Startups. With no credit requirements or APR, it’s a fantastic option for small businesses and startups alike. Alternatively, you could go for Capital One Spark Cash for Business or American Express Blue Business® Plus. Our entire list offers excellent options, and all you have to do is check your credit score and determine whether your priority is low fees, high cashback rewards, or easy entry requirements.

Can you get a business credit card with bad credit?

In short - yes, you can. We suggest you check what Brex has to offer, as this is a rare credit card issuer that isn’t interested in your credit score at all. Other credit cards on our list require at least a good credit score. There are other cards out there that have more relaxed credit score requirements, but remember the general rule: The worse your credit rating is, the worse your terms will be.

How to apply for a business credit card?

You first need to form a company, apply for an EIN, and open up a bank account for your business. You then look for the top-rated credit cards for your particular business based on your priorities. We suggest you start working on building your credit score as soon as possible so you can get better deals on both your existing card and cards you might apply for in the future.

How do I get a credit card for my LLC?

The process is fairly simple. First, form an LLC to help separate your personal credit from that of your company, apply for an EIN, and start a business bank account. You then look for business credit cards. Our list includes good options for LLCs, small businesses, and startups alike.

Источник: https://www.smallbizgenius.net/best-business-credit-cards/

Ink Business Cash® Credit Card

Why this is one of the best business credit cards: This card rewards you with cash back for everyday spending, including 5% back on the first $25,000 in combined purchases annually at office supply stores and on internet, cable and phone services. With no annual fee, the card is a solid option for businesses that want to earn cash rewards for essential business expenditures. See our full review.

Ink Business Preferred® Credit Card

Why this is one of the best business credit cards: This card features not only an impressive introductory bonus for eligible new users but also competitive travel rewards. You can earn 3 points per dollar on up to $150,000 in purchases in travel and select business categories annually and redeem them for travel through the Chase Ultimate Rewards portal for 25% more value. The card charges a $95 annual fee but no foreign transaction fees. See our full review.

The Business Platinum Card® from American Express

Why this is one of the best business cards: The Business Platinum Card from American Express is a top-shelf travel rewards option for businesses. Along with the rewards program, the card provides some generous travel perks, such as up to a $200 airline fee credit, Global Lounge Collection access and 35% of your points back (up to 500,000 bonus points per calendar year) when you redeem them for qualifying flights through amextravel (See Rates & Fees). See our full review.

The Hilton Honors American Express Business Card

Why this is one of the best business credit cards: This card offers 12 Hilton Honors points per dollar for eligible Hilton purchases, making it attractive for business travelers who want to earn free nights at Hilton hotels. Complimentary Gold status in the Hilton Honors program is a card perk, and you can earn a weekend night award after charging $15,000 on your card in a calendar year. The card’s annual fee is $95 (See Rates & Fees). See our full review.

American Express® Business Gold Card

Why this is one of the best business credit cards: The American Express Business Gold Card offers four points per dollar spent in categories that matter to your business, such as airfare, shipping and advertising. Earn 70,000 points after you spend $10,000 on eligible card purchases in the first three months. Use the Pay Over Time feature to pay eligible purchases in full each month-or pay over time with interest. See our full review.

Delta SkyMiles® Gold Business American Express Card

Why this is one of the best business credit cards: This card offers miles on both Delta purchases and everyday business spending. When you charge Delta purchases, you earn 2 miles per dollar and get the same number of miles for eligible U.S. advertising, U.S. shipping and restaurant purchases. Spend $10,000 a year with your card and get a $100 Delta credit, plus free checked bags and priority boarding on every Delta flight. The card charges a $0 introductory annual fee for the first year, then $99 (See Rates & Fees). See our full review.

The Blue Business® Plus Credit Card from American Express

Why this is one of the best business credit cards: The Blue Business Plus Credit Card from American Express earns two points per dollar on the first $50,000 spent annually and one capital one spark business credit card foreign transaction fee dollar after that. There is no annual fee, and the card has a 0% intro APR on purchases for the first 12 months. Earn 15,000 points after spending $3,000 in eligible purchases within the first three months of opening an account. See our full review.

United℠ Business Card

Why this is one of the best business credit cards: Frequent flyers can earn 2 miles per dollar on United Airlines and for restaurant, gas station, office supply store, local transit and commuting purchases; all other purchases earn 1 mile per dollar. New cardholders will earn 75,000 bonus miles after you spend $5,000 on purchases in the first three months your account is open. See our full review.

Amazon Business Prime American Express Card

Why this is one of the best business credit cards: Businesses that frequently shop with Amazon can earn 5% on Amazon and Whole Foods Market purchases with the Amazon Business Prime American Express Card (bonus cash back applies to the first $120,000 in eligible purchases, then 1%). The card offers 2% back at U.S. gas stations and U.S. restaurants and on wireless services bought northfield bank high yield savings account U.S. providers, plus 1% back on everything else. There’s no annual fee, but an Amazon Prime membership is required. See our full review.

American Express Blue Business Cash™ Card

Why this is one of the best business credit cards: This card, which charges no annual fee, could appeal to business owners who want a simple way to earn and redeem cash rewards. Cardholders earn 2% cash back on the first $50,000 in purchases each year and then 1% cash back. Cash back is automatically redeemed as a statement credit (See Rates & Fees). See our full review.

Capital One Spark Miles for Business

Why this is one of the best business credit cards: The Capital One Spark Miles for Business card earns 5 miles per dollar on hotel and rental car bookings through the Capital One travel portal and 2 miles per dollar on all other purchases. This business travel credit card offers new cardholders 50,000 bonus miles when they spend $4,500 on the card within the first three months. Card benefits include auto rental collision damage waiver coverage and travel and emergency assistance. Pay no annual fee the first year and $95 thereafter. See our full review.

U.S. News has been helping consumers make money decisions for decades. The Best Business Credit Cards are selected based on annual fee, APR, balance transfer fee, foreign transaction fee, rewards earning rate, rewards redemption process and sign-up bonus value, as well as cardholder benefits. Cards are also scored based on issuer satisfaction ratings from U.S. News.

Best cards must be business credit cards. You can compare Best Business Credit Cards by evaluating the types of rewards they offer, determining what you can earn with each card, and looking at fees, bonuses and benefits.

Источник: https://pressinews.com/best-business-credit-cards-of-december-2021/

5 BEST SMALL BUSINESS CREDIT CARDS WITH NO ANNUAL FEE

1. AMERICAN EXPRESS BLUE BUSINESS PLUS

Ideal for: Businesses that don’t run up a lot of expenses and don’t travel overseas.

The Blue Business Plus card is perfectly suited for freelancers and new owners. That’s because its 12-month 0% intro APR offer works well for those with irregular cash flow. The double points for the first $50,000 aren’t bad, either.

One drawback: A rather steep foreign transaction fee. At 2.7%, it’s one of only two on this list. A foreign transaction fee charges you for every purchase that has to pass through a foreign bank. What perks do you get for this charge? Nothing. So, avoid foreign transaction fees at all costs, or it’ll cost you.

REWARDS AND BENEFITS (TERMS APPLY)

  • 0% intro APR for 12 months.
  • 2x points on business purchases such as office supplies and client dinners.
  • 2x points per dollar spent on the first $50,000 for every calendar year.
  • 1x point per dollar spent after that.
  • Spend Manager: Use the American Express mobile app, which helps add receipts and notes to transactions.
  • Up to 99 employee cards for free.
  • Spend beyond your credit limit.
  • Exclusive access to ticket pre-sales and cardmember only events in your city.
  • Complimentary ShopRunner membership: Provides two-day shipping at participating retailers.
  • American Express personal loans: Apply for a pre-approved loan of $3,500 to $25,000.
  • Access to Quickbooks to label and transfer your transaction data from American Express.

FEES

  • 2.7% foreign transaction fee.
  • 3% or $5 balance transfer fee (whichever is greater per transaction).
The Truic Flame Logo

Recommended: Learn more about this card on American Express's website

2. CAPITAL ONE SPARK CASH SELECT FOR BUSINESS

Ideal for: Businesses with a variety of expenses and not a lot of time to figure out their rewards program.

There are many small business credit cards that focus their best efforts on just one or a few categories, such as office supplies or travel. But this card gives you cash back on all purchases with no cap. That means big rewards without the headaches.

REWARDS AND BENEFITS (TERMS APPLY)

  • $200 cash bonus after you spend $3,000 in the first three months.
  • 0% intro APR on purchases for nine months.
  • 1.5% cash back on all purchases.
  • Auto rental damage waiver.

FEES

  • No foreign transaction fee.
  • 3% or $10 cash advance fee (whichever is greater per transaction).
The Truic Flame Logo

Recommended: Learn more about this card on Capital One's website

3. CAPITAL ONE SPARK MILES SELECT FOR BUSINESS

Ideal for: The small business owner who travels a lot.

Travel cards often come with hefty annual fees, but this simple-yet-solid card offers 1.5x miles per dollar spent on every purchase with no spending limit. It stays simple with no blackout dates or seat restrictions, and you can fly any airline, anytime. In addition to no annual fee, any additional employee cards are free.

You also earn 20,000 bonus miles (equal to $200 in travel) once you spend $3,000 in the first three months—and your miles never expire.

REWARDS AND BENEFITS (TERMS APPLY)

  • One-time bonus of 20,000 miles after spending $3,000 on purchases in the first 3 months.
  • 0% intro APR on purchases for 9 months.
  • 1.5x miles on all purchases

FEES

  • No foreign transaction fee.
  • 3% or $10 cash advance fee (whichever is greater per transaction).
The Truic Flame Logo

Recommended: Learn more about this card on Capital One's website

4. CHASE INK BUSINESS UNLIMITED

Ideal for: The new entrepreneur who seeks cash back without too many worries, and doesn’t travel overseas.

You get 1.5% cash back on all purchases with no spending caps, but this card is most valuable to companies that spend less than $19,000 annually. If your business spends more than that, you may want to check out the Capital One Spark Cash, which offers more perks above that spending level.

REWARDS AND BENEFITS (TERMS APPLY)

  • $750 bonus cash back after spending $7,500 in the first three months.
  • 0% intro APR on purchases for the first 12 months.
  • 1.5% cash back on all purchases.
  • Employee cards at no additional cost.
  • Primary car rental insurance. You’re covered first before filing a claim with your insurance company.
  • Purchase protection. You’re covered against damage and theft for 120 days—up to $10,000 per claim and $50,000 per calendar year.
  • Extended warranty. Add a year to warranties of three years or less.
  • Lost Luggage. Coverage of up to $3,000 per person, with a separate limit of $500 per person for jewelry, cameras, and electronics.
  • Travel accident insurance. Up to $500,000 in coverage per insured person.

FEES

  • 3% foreign transaction fee.
  • 5% or $5 balance transfer fee (whichever is greater per transaction).
  • 5% or $15 cash advance fee (whichever is greater per transaction).
The Truic Flame Logo

Recommended: Learn more about this card on Chase's website

5. CITI COSTCO ANYWHERE VISA BUSINESS

Ideal for: Business owners who are Costco members and drive a lot for work.

This card has ample cash back rewards, but you must be a Costco member to qualify for it. For the uninitiated, that costs $60 per year. But this isn’t just a store card. While you receive 1% cash back on any purchase, that doubles for Costco purchases. Best of all is the 4% cash back on gasoline.

REWARDS AND BENEFITS (TERMS APPLY)

  • 4% cash back on gasoline, including Costco gas purchases (up to $7,000 per year, then 1%).
  • 3% cash back on restaurant and travel-related purchases.
  • 2% cash back on purchases at Costco and Costco.com.
  • 1% cash back on purchases everywhere else.
  • Annual rewards coupons added to members’ billing statements that can be redeemed at local Costco stores in exchange for merchandise or cash.

FEES

  • No annual fee (with a Costco membership).
  • No foreign transaction fee.
  • $10 or 5% cash advance fee (whichever is greater per transaction).
The Truic Flame Logo

Recommended: Learn more about this card on Citi's website

HOW TO CHOOSE THE BEST NO-ANNUAL-FEE CARD FOR YOU

As you can see, small business credit cards that have one thing in common—namely, no annual fee—can vary widely in the rewards and benefits they offer. So even though you’ll pay nothing for the privilege of owning such a card, you still have to pay attention to the rewards and benefits if you want to maximize your savings.

Editorial disclaimer: The content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.
Источник: https://howtostartanllc.com/credit-cards/best-business-credit-cards-with-no-annual-fee

CNN Underscored reviews financial products such as credit cards and bank accounts based on their overall value. We may receive a commission through the LendingTree affiliate network if you apply and are approved for a card, but our reporting is always independent and objective. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

While credit cards sometimes get a bad rap, the right card can be a useful tool in your financial arsenal. And if it’s been at least three years since you put your current credit card in your purse or wallet, now’s the time to consider your options and see if a different credit card might serve you better.

How? Well, a new credit card could help by temporarily letting you finance the things you need to buy at 0% interest, or consolidating debt at a lower interest rate. Or perhaps you just want to make sure you’re earning as many rewards as possible when you’re ordering online or having food delivered to your home, or booking that long-needed vacation.

Our comprehensive methodology compares every aspect how to find ifsc code using account number axis bank each credit card to our “benchmark credit card” to determine which cards can potentially help you the most. So give yourself a few minutes to take a look at our list of the best credit cards for December and see if one might be useful to you right now.

Citi® Double Cash Card: Best for flat-rate cash back
Chase Sapphire Preferred® Card: Best sign-up bonus
Chase Freedom Flex℠: Best for flexible rewards
Blue Cash Everyday® Card from American Express: Best for U.S. supermarkets
American Express® Gold Card: Best for dining
Citi Premier® Card: Best for gas stations
Citi® Diamond Preferred® Card: Best for balance transfers
U.S. Bank Visa® Platinum Card: Best introductory rate on purchases
Capital One® Venture® Rewards Credit Card: Best for easy travel redemptions
The Blue Business® Plus Credit Card from American Express: Best for small businesses
Capital One® Spark® Miles for Business: Best for larger businesses

Why did we select these cards as our best credit cards for December? Dive into the details of each card with us, and see how they stack up.

Best for flat-rate cash back

Why it’s great in one sentence: The Citi Double Cash Card is both simple and lucrative, offering a market-leading 2% cash back on every purchase — 1% when you buy, 1% when you pay your statement — for no annual fee.

This card is right for: People who want a card that will work for them but don’t have the time, patience or interest to chase bonus categories or figure out complicated travel loyalty programs.

Highlights:

  • Earn 2% cash back on all purchases with no limit.
  • 0% introductory APR for 18 months on balance transfers made in the first four months after you open the card (13.99%-23.99% variable afterward).
  • Cash back can be converted to Citi ThankYou travel points at capital one spark business credit card foreign transaction fee ratio of 1 cent per point when combined with the Citi Premier or (now discontinued) Citi Prestige® Card.
  • No annual fee.

Sign-up bonus: None.

What we like about the Citi Double Cash: Life is complicated enough — not everyone wants to make their credit card complicated as well. If you don’t want to deal with bonus categories, transfer partners or spending caps, you can’t get much simpler than the Citi Double Cash.

But “simple” doesn’t have to mean “weak.” In fact, you’ll get 2% cash back on practically everything you buy with this card, which is the best ongoing flat-rate return you’ll find on any no-annual-fee credit card out there.

Yes, if you want to put in extra effort to maximize bonus categories or if you’re willing to pay an annual fee, you can absolutely get more in overall rewards or perks. But if you don’t want to make your credit card another thing in your life to worry about, you can put the Citi Double Cash in your purse or wallet, and set it and forget it.

The Citi Double Cash is both simple and rewarding — a good choice when there’s capital one spark business credit card foreign transaction fee important things to think about than credit cards.

What could be better: The Citi Double Cash is a no-frills credit card, so you won’t find any fancy travel or dining perks on it, nor are there any significant travel or purchase protections. You also won’t want to use this card for overseas purchases, as the 3% foreign transaction fee will offset the rewards you earn.

Having the option to convert the card’s cash back to Citi ThankYou points when you have other premium Citi cards is useful to points and miles experts, but the ThankYou program’s airline transfer partners can be challenging to leverage for beginners, who might want to just stick with the card’s cash back rewards.

The balance transfer offer does come with a 3% fee (with a minimum of $5) in the first four months after opening the account, though that’s comparable to other credit cards with similar balance transfer features. And the Citi Double Cash doesn’t offer a sign-up bonus, which means other cards might be more rewarding right out of the gate, though the Double Cash will catch up with long-term use.

Why it’s our “benchmark” credit card: The ease of use and straightforward top-of-market cash-back earning rate of the Citi Double Cash are why CNN Underscored uses the Double Cash as our “benchmark” credit card to compare the features of other credit cards and determine if they’re better or worse overall.

You can read more about our benchmark credit card concept in our credit card methodology guide, or dig into our complete review of the Citi Double Cash.

Learn more and apply now for the Citi Double Cash Card.

Related: Check out CNN Underscored’s list of the best cash back credit cards.

Best sign-up bonus

Why it’s great in one sentence: The Chase Sapphire Preferred offers 60,000 bonus points when you spend $4,000 on purchases in the first three months after you open the account, and the points can be redeemed for travel via Chase Ultimate Rewards, or in other eligible categories using the card’s “Pay Yourself Back tool.

This card is right for: People with larger than average travel and/or dining expenses who want to redeem their credit card rewards for travel.

Highlights:

  • Earn 3 points for every dollar spent on dining, select streaming services and select online grocery purchases (excluding Target, Walmart and wholesale clubs).
  • Earn 2 points for every dollar spent on travel, or 5 total points if purchased through Ultimate Rewards.
  • Earn 5 points per dollar on Lyft rides through March 2022.
  • Points can be redeemed for travel through the Chase Ultimate Rewards travel portal at a rate of 1.25 cents per point.
  • Points can also be transferred to any of Chase’s 14 airline and hotel partners.
  • 10% anniversary point bonus on all your yearly spending,
  • $50 annual hotel credit that can be used for any booking made via the Chase Ultimate Rewards travel portal.
  • No foreign transaction fees.
  • $95 annual fee.

Sign-up bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first three months after opening the account.

What we like about the Chase Sapphire Preferred: It may not seem like it, but at over 10 years old, the Chase Sapphire Preferred is practically the granddaddy of travel rewards credit cards. But to Chase’s credit, it’s keeping the card fresh by introducing new features that make the card even more useful.

WIth classic travel and dining bonus categories, newly-added bonus points on streaming services and online groceries, 5 points per dollar on Lyft rides through March 2022 and a 60,000-point sign-up bonus, you should be able to score plenty of points even if you aren’t flying much at the moment, since Chase defines “travel” very broadly to include purchases like mass transit, tolls, parking and even ride-shares.

But the real power of the Chase Sapphire Preferred is in its redemptions. You’ll get 1.25 cents per point in value when you redeem your points through Chase’s travel portal. And last year, Chase added a new “Pay Yourself Back” tool to the Sapphire Preferred, which allows you to redeem points on purchases beyond just travel.

Plus, you can get potentially even more value when you transfer your points to one of Chase’s 14 travel partners. In fact, the Ultimate Rewards program still features some of the best transfer partners around, including United Airlines, Southwest Airlines and Hyatt Hotels, and all partners transfer at a 1-to-1 ratio (meaning you’ll get 1,000 points in the navy federal credit union certificate of deposit rates program for every 1,000 points you transfer from Chase).

To top it off, you can safely use the Chase Sapphire Preferred overseas, since it has no foreign transaction fees on international purchases. It even provides primary car rental insurance, so you don’t have to look to your own auto policy first if you have an accident with your rental car.

The Chase Sapphire Preferred has primary car rental insurance that covers you if you pay for the rental with the card and have an accident.

What could be better: The Chase Sapphire Preferred is a classic, but in some ways, it’s starting to get a little long in the tooth. Other credit cards offer even higher bonus points on travel purchases (though usually accompanied by higher annual fees), though if you book travel through Ultimate Rewards with the Sapphire Preferred, you can earn 5 total points for every dollar you spend.

Even our benchmark Citi Double Cash card earns 2% cash back -— 1% when you make a purchase, and 1% when you pay it off — on everything you buy, including travel, though you can get more value when redeeming your Sapphire Preferred points than you can with simple cash back.

For many people, the Sapphire Preferred isn’t as flashy as its big brother, the Chase Sapphire Reserve, which comes with travel perks and a $300 annual travel credit (but also a significantly higher annual fee). But if you don’t need or won’t use all those extra perks, you may be better off with this significantly less-expensive version.

Where it beats our benchmark card: Bonus categories, excellent travel protections, solid airline and hotel partners, sign-up bonus.

Where our benchmark card is better: The Citi Double Cash has no annual fee, an introductory rate on balance transfers and earns easy-to-redeem cash back.

Learn more and apply now for the Chase Sapphire Preferred Card.

Related: Here’s why the Chase Sapphire Preferred is our favorite travel credit card for beginners.

Best for flexible rewards

Why it’s great in one sentence: If you’re on the fence about whether you’d prefer to rack up cash back or travel points, the Chase Freedom Flex allows you to do both when paired with the Chase Sapphire Preferred or Chase Sapphire Reserve card.

This card is right for: People who want maximum flexibility in a no-annual-fee credit card.

Highlights:

  • Earn 5% cash back on travel purchases made through Chase Ultimate Rewards, 3% on dining and 3% at drugstores.
  • Earn 5% cash back in bonus categories that rotate, up to $1,500 in purchases each quarter.
  • Earn 1% cash back on all other purchases.
  • Expert users can convert the cash back to flexible travel points when pairing the Freedom Flex with a Chase Sapphire Preferred or Reserve card.
  • 0% introductory APR on all purchases for the first 15 months (14.99% to 23.74% variable afterward).
  • No annual fee.

Sign-up bonus: Earn $200 in bonus cash back after you spend $500 on purchases in your first three months after opening the account, plus 5% cash back on grocery store purchases (not including Target or Walmart) on up to $12,000 spent in the first year.

What we like about the Chase Freedom Flex: If you prefer cash back now but think that a dose of adventure is in your future, the Chase Freedom Flex can give you the best of both worlds.

The Chase Freedom Flex starts by earning cash back in three permanent bonus categories: 5% cash back on travel purchases made via Chase Ultimate Rewards, 3% cash back on dining — including takeout and delivery — and 3% cash back at drugstores.

Then you’ll also earn 5% cash back on up to $1,500 in purchases in bonus categories that rotate each quarter. The categories for October through December 2021 are PayPal and Walmart, but each quarter’s categories are different. And if you’re a new card holder, you’ll get 5% cash back on grocery purchases for the first 12 months you have the card, up to $12,000 in total purchases.

That’s already a pretty great package for a cash back credit card. But when you pair the Chase Freedom Flex with the Chase Sapphire Preferred or Chase Sapphire Reserve, you can convert your cash back to points at a rate of 1 cent per point. Then you’re able to redeem those points for travel at an increased value of 1.25 to 1.5 cents apiece via the Chase travel portal, or in other categories using the “Pay Yourself Back” tool.

Even better, once you’ve converted your cash back to points, you can transfer them to any of Chase’s 14 airline and hotel loyalty partners. This amazing flexibility is why frequent flyer website The Points Guy values Ultimate Rewards points at 2 cents apiece. At that rate, since you’re earning 1.5% cash back on the Freedom Flex, you could effectively end up with a 3% return on your purchases.

Other benefits of the Chase Freedom Flex include cell phone protection, purchase protection, extended warranty protection and a three-month complimentary subscription to DashPass.

You’ll earn 3% on all your drugstore purchases with the Chase Freedom Flex credit card.

What could be better: While the permanent bonus categories are uncapped, you can only earn bonus cash back on up to $1,500 each quarter in the rotating bonus categories. After that, you’re only getting a 1% return, so it’s important to keep track of how much you’ve spent in those categories over the quarter.

Also, you must remember to activate the rotating bonus categories each quarter in order to earn 5% cash back on them. While you can activate them almost anytime throughout the quarter and still get the bonus cash back retroactively on purchases you’ve already made, it’s important not to miss the deadline or you’ll lose out on an important feature of the card.

Where it beats our benchmark card: Sign-up bonus, cell phone and purchase protections, and introductory rate on purchases for 15 months.

Where our benchmark card is better: The Citi Double Cash offers a higher overall cash back rate and an introductory rate on balance transfers.

Learn more and apply now for the Chase Freedom Flex.

Related: Check out CNN Underscored’s list of the best Chase credit cards.

Best for U.S. supermarkets

Why it’s great in one sentence: The Blue Cash Everyday card earns 3% cash back as a statement credit at U.S. supermarkets (up to $6,000 annually, then 1%) and 2% back at U.S. gas stations, while also offering a generous introductory interest rate on purchases for 15 months, all with no annual fee (see rates and fees).

This card is right for: People who spend a significant amount of their money at U.S. supermarkets each year and don’t want to pay an annual fee for a credit card.

Highlights:

  • Earn 3% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • Earn 2% cash back at U.S. gas stations and select U.S. department stores.
  • Earn 1% cash back on everything else.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • 0% introductory APR on all purchases for the first 15 months (13.99% to 23.99% variable afterward, see rates and fees).
  • Car rental loss and damage insurance included.
  • No annual fee.
  • Terms apply.

Welcome bonus: Earn $200 back as a statement credit after you spend $2,000 in purchases on your new card in your first six months after opening the account.

What we like most about the Blue Cash Everyday: For many Americans, a significant portion of the monthly family budget goes to supermarket expenses. The Blue Cash Everyday card dials up the bonus cash back in that category, as well as at gas stations, creating a go-to in your wallet for two routine purchases.

The card also pairs its bonus categories with an introductory 0% APR on purchases for the first 15 months. But you’ll want to make sure your debt is paid off by the end of the intro period, as the APR jumps to a variable 13.99% to 23.99% afterward.

New card members will also find a welcome bonus that should come in handy: $200 cash back as a statement credit after you spend $2,000 in purchases in the first six months. That’s a decent chunk of change for a card that has no annual fee.

Earn 3% at U.S. supermarkets (up to $6,000 a year, then 1%) with the Blue Cash Everyday card.

What could be better: Bonus cash back isn’t earned on purchases outside of the US with the Blue Cash Everyday, and there’s a 3% foreign transaction fee on top of that (see rates and fees). Plus, there’s no way to convert your cash back to American Express Membership Rewards points, which are potentially more useful for those who may want maximum flexibility in redeeming credit card rewards for travel down the line.

Some people might want to consider the more expensive version of the Blue Cash Everyday, the Blue Cash Preferred® Card from American Express, which earns 6% cash back at U.S. supermarkets — double the Blue Cash Everyday — on up to $6,000 in purchases each year (1% thereafter). The Blue Cash Preferred also offers 6% cash back on select U.S. streaming subscriptions and 3% cash back at U.S. gas stations and on transit.

In exchange for those higher bonus rates, you’ll normally pay a $95 annual fee each year, but right now the Blue Cash Preferred comes with a $0 introductory annual fee for the first year (see rates and fees). So you’ll need to consider whether the Blue Cash Everyday with no annual fee, or the Blue Cash Preferred with a $95 annual fee after the first year, is a better choice for your needs.

Where it beats our benchmark card: Welcome bonus, an introductory interest rate on purchases, car rental damage coverage.

Where our benchmark card is better: The Citi Double Cash has an introductory balance transfer offer and its cash back can be converted to Citi ThankYou travel points when combined with the Citi Premier.

Learn more about the Blue Cash Everyday card.

Related: Check out CNN Underscored’s list of the best credit cards for groceries.

Best for dining

Why it’s great in one sentence: The American Express Gold Card is a top-notch card when it comes to food, as you’ll not only get a relatively high return at both restaurants and U.S. supermarkets, but also some incredible baked-in benefits.

This card is right for: People who either eat at restaurants or order food for delivery on a regular basis.

Highlights:

  • Earn 4 points for every dollar you spend at U.S. supermarkets (up to $25,000 per year in purchases, then 1x).
  • Earn 4 points per dollar at restaurants worldwide.
  • Earn 3 points per dollar for flights booked directly with airlines or on amextravel.com.
  • Earn 1 point per dollar on everything else.
  • Up to $120 in annual dining credits.
  • Up to $120 in Uber Cash annually.
  • $250 annual fee (see rates and fees).
  • Terms apply.

Welcome capital one spark business credit card foreign transaction fee Earn 60,000 bonus points after you spend $4,000 on purchases in the first six months after opening the account.

What we like about the American Express Gold: It’s not a cheap card with a $250 annual fee. But hang on, because the perks on the Amex Gold can quickly outweigh its cost thanks to its numerous statement credits.

Aside from earning a lot of points, you’ll earn up to $10 in statement credits each month with the Amex Gold when you use your card to pay at select food merchants, including Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed and participating Shake Shack locations (enrollment required).

You’ll also earn up to $10 in Uber Cash each month, which can be used for either Uber rides in the US or Uber Eats orders. So if you order out regularly, you can easily use up both the Uber Cash and the dining credits each month.

If you’re able to utilize all of these credits each year, that’s $240 in credits, which means you’re effectively only paying $10 for the card even with its $250 annual fee.

If you’re ordering regularly via Grubhub, you can get up to $120 in annual dining credits with the Amex Gold card.

What could be better: The Amex Gold earns points that can be redeemed a number of ways, but are best used for travel. That means you’ll likely want to hold off on redeeming the points you earn with this card until you’re ready to travel. So, if you’re looking for a card with rewards that you can use more immediately, you might be better off with a cash back card.

You’ll also want to look elsewhere if you can’t utilize the annual credits on the Amex Gold, which do require a bit of effort to maximize since they’re doled out monthly. Otherwise you’ll be paying a lot of money for the card and not getting the most for it.

Where it beats our benchmark card: Welcome bonus, annual credits, bonus categories, solid airline and hotel partners.

Where our benchmark card is better: The Citi Double Cash has no annual fee, an introductory rate on balance transfers and easy cash back.

Learn more about the American Express Gold Card.

Related: Check out CNN Underscored’s list of the best credit cards for food delivery.

Best for gas stations

Why it’s great in one sentence: The Citi Premier card has a robust set of bonus categories that make it easy to earn extra points at gas stations and on many other major staples of most household budgets, plus its points can be easily redeemed for travel or transferred to any of Citi airline partners for potentially even more value.

This card is right for: People who want to earn bonus points in a broad set of categories and are willing to learn how to use Citi’s eclectic roster of transfer partners.

Highlights:

  • Earn 3 points for every dollar you spend at gas stations, restaurants, supermarkets, air travel and hotels.
  • Earn 1 point per dollar on everything else.
  • Points can be redeemed for travel through the Citi ThankYou Rewards travel portal or for gift cards at 1 cent apiece.
  • Points can also be transferred to any of Citi’s 17 airline partners at a 1-to-1 ratio.
  • Annual $100 credit on a single hotel stay of $500 or more, excluding taxes and fees, when booked through thankyou.com.
  • No foreign transaction fees.
  • $95 annual fee.

Sign-up bonus: Earn 80,000 bonus points after you spend $4,000 on purchases in the first three months after opening the account.

What we like about the Citi Premier: With a $95 annual fee, the Citi Premier features a nice balance of solid bonus categories, powerful travel rewards and a great sign-up bonus that make it a package worth considering.

For starters, you can currently score a sign-up bonus on the Citi Premier that’s the highest we’ve ever seen on it. New card holders can earn a record-high 80,000 bonus points after spending $4,000 on the card in the first three months after opening the account. The Points Guy values Citi ThankYou points at 1.7 cents apiece, which makes 80,000 points worth as much as $1,360 in travel.

While Citi’s ThankYou program typically doesn’t get as much attention as the bigger Chase and Amex programs, the issuer’s 15 airline transfer partners — and two recently-added hotel partners — offer several options that aren’t available anywhere else.

Of course, if you’d rather not jump through the hoops required to learn about transfer programs, you can always redeem your Citi Premier points by using Citi’s travel portal to book any flight or hotel room without having to worry about award availability or blackout dates at a value of 1 cent per point. Even if you take this easy path, the 80,000-point bonus is still worth a sweet $800 in value.

Redeem your Citi ThankYou points for travel at a rate of 1 cent per point.

What could be better: While it’s great to have unique transfer partners, the Citi ThankYou airline partnerships lean heavily toward international programs that are best utilized by points and miles experts who don’t mind the time and effort required to take advantage of them. You can get top-notch value for your points by using them, but they’re not for the faint of heart.

One other surprising downside of the Citi Premier card is that, for a travel credit card, it’s seriously lacking in travel and purchase protections. Citi removed the vast majority of its travel insurance coverage from all its credit cards a few years ago, and as a result, it’s the one aspect of the Citi Premier that pales in comparison to its competitors.

Where it beats our benchmark card: Sign-up bonus, bonus categories, airline and hotel transfer partners.

Where our benchmark card is better: The Citi Double Cash has no annual fee, an introductory rate on balance transfers and easy cash back.

Learn more and apply now for the Citi Premier Card.

Related: Why the Citi Premier should be your first Citi credit card.

Best for balance transfers

Why it’s great in one sentence: If you need to consolidate your debt to reduce your interest expenses, the Citi Diamond Preferred credit card offers an introductory interest rate on balance transfers for a full 21 months for transfers completed in the first four months after you open the card.

This card is right for: People who want to consolidate their existing debt at a low interest rate for an extended period of time.

Highlights:

  • 0% introductory APR for 21 months on balance transfers made in the first four months after you open the card (13.74% to 23.74% variable afterward).
  • 0% introductory APR on all purchases for the first 12 months (13.74% to 23.74% variable afterward).
  • No annual fee.

Sign-up bonus: None.

What we like about the Citi Diamond Preferred: The first step to getting out of credit card debt is to stop the bleeding by putting a halt to the exorbitant interest you’re paying on your accumulated debt. A credit card with a long introductory balance transfer offer is exactly what the doctor ordered.

The Citi Diamond Preferred comes with a lengthy 21-month introductory period, during which you’ll pay a 0% APR on any balance transfers made during the first four months you have the card. But you’ll want to pay off your entire balance transfer during those 21 months, because when that introductory period ends, the APR will jump to between 13.74% and 23.74%, depending on your creditworthiness.

Even better, you’ll get the same 0% APR on new purchases with the card for the first 12 months. Again, the APR goes to between 13.74% and 23.74% at the end of the intro period, depending on your creditworthiness, so make sure you pay off your balance before then.

The Citi Diamond Preferred card also comes with a free FICO credit score online and allows you to choose your payment due date, which book appointment bank of america extremely helpful for those who pay their credit card bills around their paycheck schedule and need maximum flexibility.

You can use the Citi Diamond Preferred card to consolidate your existing credit card debt at a lower interest rate.

What could be better: Aside from the balance transfer option and free FICO score, there aren’t a ton of exciting features with the Citi Diamond Preferred. There are no rewards on the card and no important other perks.

You’ll also pay a 5% fee (with a $5 minimum) on any balance transfers made to the Citi Diamond Preferred. That’s higher than average for a balance transfer fee, which are typically closer to 3%, so it’s something you should keep in mind when transferring debt to the card.

If you only need the balance transfer option and not the introductory rate on purchases, consider our benchmark Citi Double Cash card, which offers a 0% APR on balance transfers for the first 18 months you have the card (then a variable APR of 13.99% to 23.99% applies), but also earns cash back on all purchases (though note that balance transfers don’t earn cash back).

Still, if you need to pay no interest on both your new and existing debt for an extended period, the Citi Diamond Preferred is potentially worth the extra cost to buy yourself time to get back on track and firm up your financial picture.

Where it beats our benchmark card: An introductory interest rate on purchases for 12 months and on balance transfers for a longer 21 months.

Where our benchmark card is better: The Citi Double Cash earns cash back rewards on all purchases.

Learn more and apply now for the Citi Diamond Preferred Card.

Related: Check out CNN Underscored’s list of the best credit cards for balance transfers.

Best introductory rate on purchases

Why it’s great in one sentence: For those who’d rather pay no interest on purchases for as long as possible instead of earning cash back or travel rewards, the U.S. Bank Visa Platinum Card offers a 0% APR on all purchases for the first 20 billing cycles you have the card (the APR rises to a variable 14.49% to 24.49% after the introductory period ends).

This card is right for: People who want the longest possible introductory interest rate period on purchases when they first get a credit card.

Highlights:

  • 0% introductory APR on all purchases for the first 20 billing cycles (14.49% to 24.49% variable afterward).
  • 0% introductory APR for 20 billing cycles on balance transfers made in the first 60 days after you open the card (14.49% to 24.49% variable afterward).
  • Cell phone protection.
  • No annual fee.

Sign-up bonus: None.

What we like about the U.S. Bank Visa Platinum Card: Credit cards are generally known for having sky-high interest rates, making them terrible for financing large purchases. But the U.S. Bank Visa Platinum Card is an exception, at least for the first 20 billing cycles (meaning your first 20 monthly statements) after you get the card.

During that time, you can charge purchases to the card and pay them off slowly without incurring any interest at all. That’s a longer intro period than almost any credit card on the market, so it’s a good way to finance a large emergency purchase or even just daily expenses if you’re in a pinch.

But be careful! Once the introductory interest period ends, any balance remaining on the card jumps to a variable APR of 14.49% to 24.49%, depending on your creditworthiness. If you haven’t paid off all those purchases in full by then, you’ll be on the hook for some giant interest payments. Still, if you need to just make ends meet for now, this is a card that can be a useful tool in your toolbox.

There’s also an added perk on this card: ongoing cell phone protection. When you pay your cell phone bill with the U.S. Bank Visa Platinum, you’ll be covered for damage or theft to your cell phone up to $600, with a $25 deductible, for up to two claims per 12-month period.

When you pay your cell phone bill with the U.S. Bank Visa Platinum, your phone is covered for theft or damage.

What could be better: Beyond the introductory rate on purchases as well as a similar introductory interest rate on balance transfers (which comes with a 3% fee), this isn’t a card that’s going to do a lot for you. It doesn’t earn any rewards at all, doesn’t come with a sign-up bonus and doesn’t have any other significant perks.

The U.S. Bank Visa Platinum has no annual fee, but it charges a 3% foreign transaction fee, so you definitely won’t want to use it overseas. In fact, aside from using it to finance purchases during the introductory period, it’s not a card that we’d recommend for long-term usage.

And if you’re willing to trade a slightly shorter introductory period in exchange for earning rewards, you might consider the Chase Freedom Unlimited®, which offers an introductory interest rate on purchases for the first 15 months you have the card, but also offers 1.5% cash back on all purchases and additional bonus categories.

Where it beats our benchmark card: An introductory interest rate on purchases for the first 20 billing cycles, cell phone insurance.

Where our benchmark card is better: The Citi Double Cash earns rewards on all purchases.

Learn more and apply now for the U.S. Bank Visa Platinum.

Related: Check out CNN Underscored’s list of the best credit cards for 0% interest on purchases.

Best for easy travel redemptions

Why it’s great in one sentence: You’ll earn 2 Capital One miles per dollar on every purchase with the Capital One Venture Credit Card, and you can redeem those miles for any travel purchase you make at 1 cent per mile, or transfer them to Capital One’s travel partners for potentially even more valuable redemptions.

This card is right for: People who want to earn easily redeemable miles to use for travel, but with the option to learn how to master transferable miles down the line for even greater value.

Highlights:

  • Earn 2 miles per dollar on all purchases with no limit.
  • Redeem miles for any travel purchase at a capital one spark business credit card foreign transaction fee of 1 cent per mile.
  • Miles can also be transferred to any of 16 airline and hotel partners.
  • Up to $100 credit when applying for Global Entry or TSA PreCheck.
  • No foreign transaction fees.
  • $95 annual fee.

Sign-up bonus: Earn 60,000 bonus miles when you spend $3,000 on purchases in the first three months after opening the account.

What we like about the Capital One Venture: With travel back on its feet, you might be planning to jump on a plane in 2022. And that means you might want a credit card that earns travel rewards so you can take a sorely-needed vacation.

But what kind of rewards should you earn? Easy-to-redeem fixed-value miles, or flexible miles that can be used for more complicated advanced redemptions that get more value?

The Capital One Venture card gives you the best of both worlds. For folks who don’t want to deal with complex charts or award availability, you can use the Venture’s “Purchase Eraser” feature to wipe away any travel purchases that you make with the card at a rate of 1 cent per mile, making the card’s 60,000-mile sign-up bonus worth at least $600 in travel.

For others who want to put in the time and research to find first- or business-class flight redemptions, Capital One’s 16 transfer partners provide another option. You can transfer Capital One miles to most partners at a 1-to-1 ratio (meaning for every Venture mile you transfer, you’ll get 1 airline mile on the other end), with a small handful at lower ratios.

The Capital One Venture does come with a $95 annual fee, but you’ll also get up to a $100 fee credit with the card when applying for either Global Entry or TSA PreCheck, and the card doesn’t charge foreign transaction fees.

If you’re dreaming of a sorely-needed vacation, you might consider earning travel rewards instead of cash back.

What could be better: There’s only one bonus category on the Capital One Venture card — you’ll earn 5 miles per dollar on hotels or car rentals, but only when you book them through Capital One Travel. Unfortunately, you likely won’t get elite credit or have your elite benefits honored when booking a hotel through a travel portal instead of directly with the hotel.

There’s also no balance transfer or introductory interest rate on purchases, so don’t plan to carry a balance with the Venture card. And if you’re only planning to redeem your miles using the “Purchase Eraser,” you could be better off with our benchmark Citi Double Cash card, since you’ll be effectively earning 2 cents per dollar spent either way, but the Venture card has a $95 annual fee.

Capital One’s transfer partners also don’t include any US airline options, though advanced card holders will be able to leverage international airline alliances to score domestic redemptions. But if you think you’ll mix in some airline transfers even down the line, the Venture card serves as a great beginner gateway to the world of transferable points.

Where it beats our benchmark card: Sign-up bonus, purchase protections, travel protections.

Where our benchmark card is better: The Citi Double Cash has no annual fee and an introductory rate on balance transfers.

Read our complete Capital One Venture credit card review.

Related: Check out CNN Underscored’s list of the best travel credit cards.

Best for small businesses

Why it’s great in one sentence: For businesses with less than $50,000 in annual expenses, the Blue Business Plus from American Express is a great and simple choice, since it earns a flat rate of 2 Membership Rewards points for every dollar you spend on all your business purchases up to $50,000 a year, then 1 point per dollar spent thereafter, and all with no annual fee (see rates and fees).

This card is right for: Small businesses that want to stockpile transferable travel rewards to use for the future and a credit card with no annual fee.

Highlights:

  • Earn 2 points for every dollar you spend on all purchases up to $50,000 per year, then 1 point per dollar thereafter.
  • Points can be redeemed for travel through Amex Travel at a rate of up to 1 cent per point.
  • Points can also be transferred to any of Amex’s 21 airline and hotel partners.
  • 0% introductory APR on all purchases for the first 12 months (13.24%-19.24% variable afterward, see rates and fees).
  • No annual fee.
  • Terms apply.

Welcome bonus: Earn 15,000 bonus points after you spend $3,000 in eligible purchases within the first three months after opening the account.

What we like about the Blue Business Plus: For small businesses looking for a business credit card comparable to the personal Citi Double Cash, our benchmark card, the Blue Business Plus is worthy of consideration.

The Blue Business Plus earns 2 Membership Rewards points for every dollar spent on all purchases, up to $50,000 each calendar year. And if you’re thinking about travel this year or next, the points can be redeemed directly for travel at a rate of up to 1 cent per point, or transferred to any of Amex’s 21 airline and hotel partners for potentially even more value.

Your business can also take advantage of the card’s 0% introductory APR on purchases for the first 12 months you have the card — just make sure it’s paid off by the end of that time, or you’ll find yourself facing an ongoing variable APR of 13.24%-19.24%, depending on your creditworthiness. Overall, it’s a pretty sweet package for small businesses, and all for no annual fee.

Use the introductory interest rate on purchases with the Blue Business Plus to cover business expenses for several months.

What could be better: Membership Rewards points earned with the Blue Business Plus can be converted to cash back, but at a poor rate of 0.6 cents per point, so small businesses focused on earning cash back instead of travel rewards should instead choose the American Express® Blue Business Cash Card, which has all the same features as the Blue Business Plus but earns cash back automatically credited to your statement instead of points.

You also won’t want to use this card for international purchases, as it carries a 2.7% foreign transaction fee on overseas transactions (see rates and fees). And larger businesses with more than $50,000 in credit card expenses each year will find the Blue Business cards limiting, as all charges beyond that amount in a calendar year earn only 1 point per dollar. (Businesses with bigger annual expenses should instead look below to our option for larger businesses.)

Where it beats our benchmark card: Extensive airline and hotel partners, some travel and purchase protections, introductory rate on purchases.

Where our benchmark card is better: The Citi Double Cash has an introductory rate on balance transfers and easy-to-redeem cash back.

Learn more about the Blue Business Plus Card.

Related: Check out CNN Underscored’s list of the best business credit cards.

Best for larger businesses

Why it’s great in one sentence: The Capital One Spark Miles for Business card earns an unlimited 2 miles for every dollar you spend on the card — plus 3 additional miles for hotel and car rentals booked through Capital One Travel with the card — and those miles can be redeemed for any travel purchase you make at 1 cent per mile or transferred to Capital One’s airline partners for potentially even more valuable redemptions.

This card is right for: Larger businesses that want easy-to-redeem travel rewards miles, with the option to learn how to master transferable miles down the line for greater value.

Highlights:

  • Earn 5 miles for every dollar you spend on your card on hotels and rental cars booked via Capital One Travel.
  • Earn 2 miles per dollar on all other purchases with no cap.
  • Redeem miles for any travel purchase at a rate of 1 cent per mile.
  • Miles can also be transferred to any of 16 airline and hotel partners.
  • Up to $100 credit when applying for Global Entry or TSA PreCheck.
  • No foreign transaction fees.
  • No annual fee for the first year, then $95 per year.

Sign-up bonus: Earn 50,000 bonus miles when you spend $4,500 in the first three months of your account opening.

What we like about the Capital One Spark Miles: Businesses with large expenses that can be charged to a credit card will love the unlimited 2 miles per dollar of the Spark Miles for Business card, along with the extra 3x miles bump they’ll get when booking hotels or car rentals through Capital One Travel with the card.

Capital One miles are easy for businesses to redeem on any travel purchases made with the card at a rate of 1 cent per mile, or the miles can be transferred to any of Capital One’s 16 airline and hotel partners for potentially higher value with some extra work.

The Spark Miles card also comes with a 50,000-mile sign-up bonus after you spend $4,500 in the first three months you have the card, which is a pretty low threshold for any business with significant monthly expenses.

The best part is the card’s $95 annual fee is waived for the first year, so you can try it out for 12 months and see if it works for your business needs.

The Capital One Spark Miles credit card is a good choice for larger businesses.

What could be better: Business travel isn’t likely to be top-of-mind for most businesses right now, so if you’d rather earn cash back instead of miles, you can look at the new Capital One Spark Cash Plus card as an option. It earns 2% cash back on all purchases and there’s no limit on how much you can spend with it, but it’s missing a few perks such as 5x on car rentals and hotels at Capital One Travel, plus it has a higher $150 annual fee.

Capital One deserves credit for expanding its mileage program in 2018 to include transfer partners and recently adding even more, but since it’s a relatively new part of the program, the Spark Miles for Business airline partners aren’t quite as lucrative as those from Chase and American Express, though with some effort you can still find terrific value.

It’s also not ideal that you have to book through Capital One Travel to earn 5 miles per dollar on hotels and car rentals, especially since most hotels won’t honor earned elite status or award elite nights or points for reservations booked through third-party sites. However, the new price prediction and protection features of Capital One Travel are worth a look.

The $95 annual fee you’ll pay for the Spark Miles after the first year makes this a more expensive card than our benchmark Citi Double Cash, so businesses will want to make sure they’re getting enough extra value from their miles to make the cost worth it.

Where it beats our benchmark card: Sign-up bonus, purchase protections, travel protections.

Where our benchmark card is better: The Citi Double Cash has no annual fee and an introductory rate on balance transfers.

Learn more about the Capital One Spark Miles for Business.

Click here for rates and fees of the Blue Cash Everyday card.
Click here for rates and fees of the Blue Cash Preferred card.
Click here for rates and fees of the American Express Gold card.
Click here for rates and fees of the Blue Business Plus card.

Need help getting rid of credit card debt? Find out which cards CNN Underscored chose as our best balance transfer credit cards of 2021.

Get all the latest personal finance deals, news and advice at CNN Underscored Money.


Latest Travel News

Источник: https://travelguides.buzz/best-credit-cards-of-december-2021/

Capital One Spark 1.5% Cash Select Review

If your business overhead costs are relatively low but you'd still like to earn something back on that spending, consider the Capital One Spark 1.5% Cash Select card. It's the smaller sibling of the Spark 2% Cash Plus, which offers a higher level of cash back but comes with an annual fee.

By our calculations, $30,000 in annual spending is the cutoff point to decide between these two cards. Below that spending level, it's better to choose the Capital One Spark 1.5% Cash Select card. Above that threshold, you'll come out ahead with the Capital One Spark 2% Cash Plus card, even after accounting for the annual fee.

There are several other small-business cards that offer cash back, too. However, this is the only one in its peer group that's easy to use abroad, making this card a clear winner if you travel a lot for work.

Pros
  • No annual fee

  • No foreign transaction fee

  • Decent 0% intro APR offer

  • Easy reward redemption options

Cons
  • No welcome bonus

  • Confusing variations of this card

Pros Explained

  • No annual fee: You won't pay an annual fee to use this card for your business. 
  • No foreign transaction fee: Visa cards are widely accepted abroad, and this card doesn't charge a foreign transaction fee.
  • Decent 0% intro APR offer: With the "good credit" version, you'll get 12 months with no interest on purchases. It's a good time to finance a big business purchase.
  • Easy reward redemption options: You can redeem your rewards whenever you want capital one spark business credit card foreign transaction fee either a check or a statement credit. You can also set up automatic redemption options for certain times of the year or when you reach certain threshold amounts.

Cons Explained

  • No welcome bonus: The "good” credit version of this card doesn't come with a welcome bonus. You can find similar cards that come with this feature, including the "excellent credit" version of this card.
  • Confusing variations of this card: The Spark 1.5% Cash Select card exists in two variations: one aimed at people with “good” credit, and one aimed at business owners with “excellent” credit. The terms for these cards are different yet they have the same name, making it confusing for business owners to know which they have, or which they're applying for.

Earning Points and Rewards

The rewards structure for the Capital One Spark 1.5% Cash Select card is about as vanilla as they come. You'll earn a flat rate of 1.5% cash back on everything you buy, with no limits or restrictions. For a card that doesn't charge an annual fee, that's right in line with many of its competitors.

Redeeming Rewards

It's also easy to redeem your cash-back rewards with this card. Your rewards will accumulate in a rewards bank in your account, so you can easily see how much you've earned. You can redeem your cash back from this rewards bank at any time, as either a statement credit or a check. You can also set up automatic redemption rules, such as redeeming your rewards when you hit certain thresholds or at certain times of the year.

How To Get the Most Out of This Card

If you want to keep things simple and not have to juggle multiple cards or worry about earning a welcome bonus, stick with this card on its own. It's a good baseline card for any business owner to have.

On the other hand, if you'd like to maximize your rewards, consider pairing this card with another one that offers a higher cash-back rate in categories that your business spends on frequently, such as office-supply stores. If your business spends more than $30,000 per year or you'd like to earn a welcome bonus, consider the Capital One Spark 2% Cash Plus card, or even another small-business card that offers a higher welcome bonus.

Excellent Perks

This card does come with some good perks that could help your business, including:

  • Travel accident insurance: Get insurance coverage for common carrier death or dismemberment on trips paid for with the card.
  • Insurance coverage for lost luggage: Get coverage up to $3,000 for luggage lost on a common carrier during a trip paid for with the card.

Capital One Spark 1.5% Cash Select's Other Features

  • Roadside assistance hotline
  • Travel and emergency hotline
  • Insurance for stolen or damaged purchases
  • Rental car collision insurance (secondary to your own policy)
  • Concierge for booking event tickets, travel, and other services

Customer Experience

Capital One finished third out of 11 major credit card issuers in a recent J.D. Power survey of credit card users. Capital One offers 24/7 customer support and a mobile app to easily manage your account. It also offers a free credit score update service, CreditWise, which is available to non-cardholders, too.

Security Features

The Spark 1.5% Cash Select card may be a good choice if you have employees. In addition to free employee cards, you can lock their cards from further spending if they lose the card, or if it's stolen.You can set up spending limits for each card, to prevent an unauthorized spending spree. You'll also get a virtual credit card number to use when shopping online.  

Capital One Spark 1.5% Cash Select's Fees

The Capital One Spark 1.5% Cash Select is light on fees, which is a nice breather for many small-business owners. This could be a good travel card because it has no foreign transaction fees.

Источник: https://www.thebalance.com/capital-one-spark-cash-select-review-5209479
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