4 Business Credit Cards Doctors Should Consider

4 Business Credit Cards Doctors Should Consider

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If there’s one career that constantly pulls you in different directions, it’s being a doctor. Not only do physicians have to understand the unbelievably complex human body, but many have to manage their own practice as well. And while patient health is the primary goal of practicing medicine, a doctor’s office is also a small business that needs the right tools to get the job done. The right business credit card can offer doctors valuable rewards and cardholder benefits to help their medical practices thrive.

Here are four of the best business cards that doctors should consider.

1. Ink Business Cash Credit Card From Chase

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

The Ink Cash business credit card from Chase offers a nice bonus offer and ongoing rewards program.

  • Earn $300 bonus cash back when you spend $3,000 on purchases in the first 3 months from account opening. as of October 10th 2017
  • 0% Intro APR on Purchases for 12 months as of February 19th 2018.
  • Introductory financing on both new purchases and balance transfers: Either $5 or 5% of the amount of each transfer, whichever is greater. as of October 10th 2017.
  • Earn 5% cash back in select business categories., including many frequently used by doctor’s offices like office supply stores and internet, cable and phone services. The 5% cash back is valid on your first $25,000 spent each account anniversary year. You also earn 2% on your first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, and an unlimited 1% cash back on all other purchases.
  • Annual Fee: $0
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars

This card also includes a purchase protection policy that covers your new purchases you for 120 days against theft and damage for up to $10,000 per claim and $50,000 per account. It’s extended warranty protection policy can extend the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less. However, these policies exclude medical equipment, but will cover electronics and other office equipment.

2. American Express SimplyCash Plus Business Credit Card

SimplyCash® Plus Business Credit Card from American Express
American Express is a Nav Partner
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

Here’s another simple card that offers outstanding rates of cash back on select purchases. You earn 5% cash back at U.S. office supply stores and on wireless telephone services purchased directly from U.S. service providers. You can also earn 3% cash back on purchases from a category of your choice including restaurants, advertising, shipping and U.S. computer hardware, software and cloud computing purchases made directly from select providers. The 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter.

Purchase protection and extended warranty coverage are included as well as numerous benefits as part of the American Express’s OPEN for business program. This card also offers new account holders 0% on purchases for 15 months.

  • Annual Fee: $0
  • Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.

3. Capital One Spark Cash for Business

Capital One® Spark® Cash for Business

Earning unlimited 2% cash back could mean thousands of dollars each year going back into your Learn More

A busy doctor managing a practice may have little time to worry about which purchases earn more rewards than others. However, this card offers unlimited 2% cash back on all purchases, all the time. New cardholders earn a one-time $500 cash bonus after spending $4,500 on purchases within three months of account opening.

  • Annual Fee: $0 intro for first year; $95 after that
  • Foreign Transaction Fee: None

4. The Plum Card From American Express

The Plum Card® from American Express OPEN
American Express is a Nav Partner
Terms, Rates & Fees

The Plum Card® from American Express OPEN

Paying early pays off: Get a 1.5% discount when you pay early, with no cap on Learn More

One of the problems with running a medical practice is that the payments from patients and insurance companies don’t always line up exactly with your expenses. This card can help your practice smooth out your cash flow by offering you 60 days to pay with no interest charges and 0% on purchases for 9 months. Alternatively, you can receive a 1.5% discount on your purchases when you pay your balance within 10 days of your statement closing.

  • Annual Fee: $0 introductory annual fee your first year, then $250.
  • Foreign Transaction Fee: None

Before You Apply

Business credit cards often have different terms and cardholder protections than consumer credit cards. Some business credit cards report to your personal credit scores only if you miss payments, for example, while others will report additional account activity like balances. Business credit cards can also be used to build a business credit history with the major business credit bureaus, depending on whether they report your account activity. You can check your business and personal credit scores for free on Nav to see how your credit cards are impacting your scores.

More Offers to Consider

The Hilton Honors American Express Business Card
American Express is a Nav Partner
Terms, Rates & Fees

The Hilton Honors American Express Business Card

Welcome Offer: Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Business Card Learn More

Capital One® Spark® Classic for Business

Enjoy no annual fee. Earn 1% cash back on every purchase, every day. Build business credit Learn More
Starwood Preferred Guest® Business Credit Card from American Express
American Express is a Nav Partner
Terms, Rates & Fees

Starwood Preferred Guest® Business Credit Card from American Express

Earn 100,000 bonus points after you use your new Card to make $5,000 in purchases within the Learn More

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About the Author — Jason Steele is an expert in the credit card industry. He is frequently quoted in national media and his work is regularly featured by mainstream outlets such as Yahoo! Finance, MSN Money, and Business Insider.

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