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Business Models Change, So Should Your Business Credit Card

Whether you’re starting a new business or have already established your small or medium sized business, you know well the sense of feeling like you’re walking a tightrope when it comes to profits, debt, success and failure.

Those savvy business minds recognize those subtle changes that might signal the need for a new funding source or credit card. We’ve put together some of the more popular business credit card offers. Take a look and see which ones best suit your ever-changing needs.

Ink Bold Ultimate Rewards

The Ink Bold Ultimate Rewards card allows business owners to earn 25,000 bonus points with their first purchase. Even better is that in a time when many credit card companies are reining in certain perks, this rewards card has no limits to the number of points you earn and no worries about them expiring. Keep in mind, however, this is a charge card and means that its dynamics include a pay balance in full stipulation.

The $95 annual fee is waived your first year. For those with a stronger cash flow, this might be the ideal credit card for your needs. If that’s not a feasible option, consider the Ink Reward Yourself with Something Special card. No annual fee on this Chase credit card, either and you have flexibility in your payment terms – perfect for those who carry a balance.

The Plum Card from American Express

American Express credit cards have, for many years, been the first choice for consumers and small business owners and the Plum Card is designed to remain as flexible as your business.

You have the option to pay the balance in full within ten days of purchase and receive a 1.5% discount or you can spread your payments over two month months and never pay interest. Your first year’s annual fee of $185 is waived. It’s a great tool to have in your financial arsenal as a business owner.

SimplyCash by American Express

Another American Express offer, this business credit card rewards you with cash back. Each month, you’ll notice your cash back is credited to your account, making it a simple and easy way to track spending and rewards. You’ll earn 5% cash back on wireless services and office supplies while also earning 3% cash back on fuel for your automobile.

Other purchases can earn 1% cash back. Seeing the cash rewards each month on your statement can be a reward in itself. If you use FedEx, Hertz, OfficeMax or other partners, you could earn as much as 10% cash back. For those who like the feeling of cold, hard cash – this just might be the offer for you.

Small Business Micro Loan Visa Card

This Visa credit card remains a popular choice for many small business owners because it provides up to a $750 credit limit with few restrictions or approval requirements. It’s ideal for unexpected daily expenses and there are no restrictions on how small or large your business model is. It’s easy to get approved, making it a smart choice for many self employed small business owners. You’ll enjoy the distinction of having a credit card with your business name and while the APR is a bit higher than other offers, for those who have not established a strong credit history, it’s often a viable option.

As you can see, there are many credit card offers designed for business owners. The trick is finding the right one that meets your needs and allows you to focus on growing that business. With so many choices, though, that shouldn’t be a problem. Owning a small business is still the American Dream, just be sure to consider any offers, including the terms and conditions, carefully to ensure it’s right for you.

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