Get A Business Credit Card
That Won’t Affect Your Personal Credit
The best business credit cards include this awesome feature: they do not report your card information to your personal credit report. That means you can carry a huge balance (not that you should, but you could) and it won’t affect your personal credit score.
Unfortunately, most banks do not advertise their credit reporting policies as a “feature” of their business credit cards. So I’ve put together a list for you, of the bigger banks and their policies.
Why Should You Care So Much About Your Personal Credit Score?
Want to buy your home with a loan? Hope to lock in the best interest rates…or rent an apartment..or buy a car with a loan..or get the best credit card deals…or even the lowest cell phone rates? Credit Score!
That’s why a business credit card is such a great friend. It will save your precious score when you’re racking up thousands of dollars as you expand your business (or some other really good reason to carry a large balance).
My Main Criteria for the Best Business Credit Cards
1) It should NOT report to your personal credit. 2) At least 1.5% cash back 3) No annual fee if possible 4) A good initial reward for signing up 5) The lower the interest rate the better
Here Are My Top Five Business Cash Back Credit Cards for 2021
BONUS $750 bonus cash back after you spend $7,500 on purchases in the first 3 months after account opening.
Chase Ink Business Cash
BONUS Earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first 3 months from account opening.
Capital One Spark Cash Business Card
Wells Fargo Business Platinum Credit Card
BONUS Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date.
SWIPE UP TO LEARN MORE
for more finance, business, and real estate advice