Business Credit Cards for Startups and New Companies 

business credit card

Start-up Credit Cards: 5 Best Options

Before we tell you about the best business credit cards for businesses and make you sign up for one, let us clarify what a Paydex score is.

The phrases Fico Score, Equifax, and Experian are all familiar to the ordinary adult. The only issue is that none of this is related to your business credit. There are two sorts of credit: personal and business credit. In the business world, your Paydex score is referred to as your company credit.

To receive a Paydex score, you must first register for a D-U-N-S number. A D-U-N-S number will be assigned to your company by Dun & Bradstreet, a company that provides essential data, analytics, and business insights. Builder of Business Credit

Net 30 Accounts

Before you start constructing a company credit card, have a look at the business credit builder.

For small firms, Net 30 Accounts are the most effective credit boosters. You’ll need a low-interest business credit line to help your company succeed and develop. Even if you don’t have a loan, you can get financing for your firm if you have good business credit. Net 30 Accounts are a safe and dependable way to establish business credit that has been approved by business owners.

business credit cards / A restaurant where a man and women discussing the credit terms.

Which Credit Cards are Best for Startup Businesses? 

1. American Express Blue Business Card

This one is for businesses that don’t have a consistent revenue stream. It gives you the freedom to go overboard if required. It’s also fantastic because there are no annual fees! You may be eligible for member benefits based on your spending. You will receive a 2% payback if you spend $50,000 or more. Your credit score should be between 690 and 850 for this card. Applying is not a bad idea; you may be accepted in under a minute.

2. Capital One Spark for Business

This is an excellent idea if your firm spends more than $50,000 per year. The membership fee is $95 per year. If you need to connect to QuickBooks, you can do so using a simple method. If you need to reimburse clients online, this card can be linked to www.Bill.com. You will receive a $500 cash bonus if you spend $4,500 in the first three months, which is not difficult!

3. Chase Ink Business Unlimited

This insecure business credit card has an annual fee of $95, but the benefits and rewards are well worth it. You’ll get $800 in cash or $1000 in travel expenses if you spend $5,000 in the first three months! There are no foreign transaction fees with this card. You can get one point for every dollar spent on everything you need for your business. This card will provide you three points per dollar spent on social media, search engine ads, shipping, and travel for marketing purposes, up to a maximum of $150,000.

4. American Express Simply Cash

The benefits of this card include no annual charge for the first fifteen months and no annual percentage rate. On your office equipment and business phones, you can get 5% cashback. You’ll get an unlimited amount of 1% cashback! Additionally, you can earn 3% cash back on airlines, restaurants, shipping, hardware, computer software, marketing, vehicle rentals, and even gasoline! Unless you own a TESLA, you can never go wrong when it comes to getting money for gas. If you want to be a part of the AMEX family, this is a terrific card to start with!

5. Wells Fargo Business Credit Card

This is a fantastic choice for new business owners who want to boost their credit scores. This card allows you to build credit while receiving rewards. Each $1 spent on the card will earn you one point. If you enroll in the Wells Fargo Business Card Rewards Program, you can also receive $1.5 percent cash back on purchases.

How Do I Apply? 

It works similarly to a credit card application. Although an employment identification number is preferred, you can apply as a sole proprietor (E.I.N.). The Internal Revenue Service issues a nine-digit number that you can use to file your taxes. It’s like a social security number, but for your business!

You can get an E.I.N. with the help of a knowledgeable tax professional or accountant. If your organization has one or more employees, you’ll require an E.I.N. Even if you don’t have any employees, you may need an E.I.N. in certain instances. An E.I.N. is required for a partnership, a limited liability company, or a company, for example. This “business social security number,” as we like to call it, is essential when applying for a business loan.

It’s never fun to be turned down for a new company credit card, but if you follow these tips and raise your Paydex score, you should be able to meet your goals.