In recent years, we have seen the rise of the small business and its growing number of entrepreneurs. However, finding the right credit card for your small business is not always easy. It can be made especially difficult when you spend a growing amount of money on shipping each year, with many cards limiting your rewards or assigning short expiration terms.
However, a number of financial institutions have taken notice, and they have begun creating credit cards specifically designed for the growing small business. These cards offer not only the typical cashback and travel rewards seen with traditional credit cards, but many have also begun to incorporate shipping benefits to help with your rising shipping expenditures.
Using the latest rates and information for today's best small business credit cards, these are the best small business credit cards for big shipping budgets.
Many American Express business credit cards are great picks, but the Blue Business Plus Credit Card is excellent for its open rewards policy. You immediately receive a 0% introductory APR on your purchases for the first year of card membership (then, 18.24% - 26.24% variable). An introductory offer includes 15,000 Membership Rewards Points after spending$3,000 in eligible purchases within the first three months of having the card.
Accounts may have up to 99 cards for employees, with extra Membership Rewards points earned on each employee's card.
Membership points vary based on the type of purchase you make:
2X points on everyday business purchases
2X points on the first$50,000 spent annually in purchases
1X points on all other purchases
There are other benefits, too. American Express offers its signature Expanded Buyer Power, a unique feature that allows you to spend above your credit limit. There are limits as to how much you can exceed your credit limit, but it fluctuates based on factors like your credit score and spending habits. Just be careful with fees because Amex has several, such as a 2.7% foreign transaction fee, an up to$39 late payment fee, and a sliding scale for balance transfers.(See Rates & Fees)
To get the American Express Blue Business Plus Credit Card, you can apply online in what American Express says can be as little as 30 seconds.
Pros:
Flexible buying power
No overlimit fees
0% intro APR
Cons:
Spending caps
Several fees
No travel rewards
The American Express? Business Gold Card has no pre-set spending limit for your card, instead of using a fluctuating scale for your card's credit limit. American Express welcomes you with generous introductory rewards that include 70,000 Membership Rewards? Points when you spend$10,000 in eligible purchases within the first three months of having your card.
The Business Gold Card does not cap your spending rewards, and there is an additional annual bonus that includes 4x points for your first$150,000 in eligible purchases at the end of every year. You also can earn up to 250,000 points back on airline purchases each year.
When it comes time to pay your bill, American Express allows you enormous flexibility with its Pay Over Time Option that allows you to, well, pay over time if you do not want to pay off your whole balance. Plus, enjoy the added peace of mind of Purchase Protection*, which covers up to$1,000 per occurrence and up to$50,000 per account per year on eligible purchases. Just watch out for the annual fee, which costs$295 per year.
Unlimited points
Generous intro offer
Flexible payment structure
High annual fee
Intro offer lasts just 3 months
Limited purchase protection
The Chase Ink Business Unlimited? Credit Card is one of our picks for the best airline credit cards. It is a great option for everyday purchases but even better for its welcome rewards. When you open a new account, you receive a welcome bonus of$750 cashback after spending$6,000 during your first three months. There is also a 0% fixed Intro APR for the first year (then 18.24% - 24.24%, variable), and you get up to 100,000 additional points per year when you refer new business owners to the card. With Chase Ultimate Rewards?, you can redeem your rewards for various items, such as cashback, gift cards, and travel. Your points never expire as long as your account remains open and in good standing.
There is no annual fee or minimum interest charge, but you still pay for things like balance transfers, cash advances, and transaction fees. Your account includes extra security features, such as real-time fraud monitoring and purchase protection up to$10,000 per claim and$50,000 per account for 120 days after purchase. There is also an auto rental collision damage waiver when you use your card for rental cars, allowing you to save money by declining the rental company's own collision insurance.
Welcome bonus cash back
Intro APR
Up to $3,000 credit limit
Not a great choice for poor credit
No bonus rewards categories
Some added fees