How to Find the Best Business Credit Card

Depending on how you plan to use your card you should look primarily look for two characteristics when making your selection.  Low interest credit cards, or business rewards cards.  Your business needs and spending will determine which one is best for you.

Cards for running your small business:

Often small business owners will use a credit card to finance certain expenditures.  If this is the case, the lowest interest rate will often be the most important feature of your card. 

Keep in mind that while business credit cards are typically much easier to acquire, bank loans are a better source of financing for long term capital needs and usually have much lower interest rates.

If you won’t need to carry a balance, choose a small business credit card that will match your spending, and maximize the rewards rates available to you.  Select a cash back, or airline credit card depending on which rewards you value most.  As many businesses have to ‘spend money to make money’  rewards can add up quickly.  Many business owners never have to pay for personal airfare out of pocket because their small business credit card accumulates so many rewards points.

Here are a couple of cards you'll want to consider:

The Capital One Venture Business, charges no foreign transaction fee, earns a 2% back on all purchases, offers an attractive initial 10,000 rewards points, and offers additional 5,000 points for every additional card holder.

The Starwood credit card, pays out the highest rewards percentage of any business card we’ve seen.  With more than 2.35% rewards rate, a 10,000 Starpoints initial bonus will earn hotel stays, or points that can be transferred to frequent flyer miles or other rewards.