3 Business Credit Cards for Immigrants

3 Business Credit Cards for Immigrants

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Despite the seemingly innumerable challenges in their path, thousands and thousands of people come to the United States each year with hopes of economic prosperity. A good portion seek to do so by starting their own business. While immigrants make up 13% of the U.S. population, they account for 18% of small business owners. This is, in and of itself, inspiring and should draw appreciation for the hard-working spirit of so many who choose to make this country their home. Despite the willingness to work and make the American Dream come true, there are certain barriers that can make this already-difficult lifestyle more challenging for immigrant business owners.

To offset the financial challenges of running a business, many business owners seek various forms of financing, including business credit cards. Getting a credit card can be especially difficult for immigrants, who may have to go through extra hoops in the application process and deal with a limited or non-existent personal credit history. Fortunately, there are some options that are still available to immigrant business owners and can help keep the dream alive.

1. Capital One® Spark® Cash Select for Business

For any business owner, cash is king. With the Capital One® Spark® Cash Select for Business, your cash back rate is complimented by a relatively low APR. With an intro APR of 0% on purchases for 9 months and 1.5% Cash Back on every purchase, every day., this is a great card for a business owner with credit profiles under construction. You’ll also enjoy $200 Cash Back once you spend $3,000 on purchases within 3 months from account opening.

As well, Capital One business cards report to personal credit, meaning this card can help establish both a personal and business credit history.

Capital One® Spark® Cash Select for Business

Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your Learn More

2. Ink Business Cash℠ Credit Card

While some cards carry hefty annual fees, it’s not impossible to find one with no annual fee, even if your credit is still building. The Ink Business Cash℠ Credit Card offers 0% Intro APR on Purchases for 12 monthsEarn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. With a healthy rewards rate and reasonable APR, this can help keep your business dream alive.

Ink Business Cash℠ Credit Card

Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account Learn More

3. SimplyCash® Plus Business Credit Card from American Express

Another offer with no annual fee, the SimplyCash® Plus Business Credit Card from American Express allows you to reinvest in your business  with automatic cash back in the form of a monthly statement credit. Enjoy an intro APR of 0% on purchases for 15 months  Earn 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores. 3% on the category of your choice from a list of eight and 1% cash back on other purchases. 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% thereafter. Cash back received is automatically credited to your statement.

SimplyCash® Plus Business Credit Card from American Express
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Terms, Rates & Fees

SimplyCash® Plus Business Credit Card from American Express

Special offer: save on interest with a 0% intro APR on purchases for 15 months; after that Learn More

 

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About the Author — Connor Wilson is a writer at Nav, a free site giving business owners access to their business and personal credit scores, and tools that match them to the best financing and services.

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