Owning your own legal practice comes with many risks and rewards. A law firm will always have high overhead to cover the costs of professional looking office space and a full-time administrative staff. But all of these costs can be worth it when you land a large client, or win a big case.
Just as with any other practice, your law firm needs to have a small business credit card that meets its needs. The right credit card can offer valuable rewards and benefits, while extending the firm’s purchasing power to its partners, associates and employees.
If you are managing your own legal practice, then here are four small business credit cards that you should consider:
Of all people, lawyers will appreciate the importance of receiving cash immediately as opposed to an awards that’s promised at a later date. This card offers you unlimitedThere is no minimum to redeem.
Your firm can take advantage of cardholder benefits including purchase security and extended protection policies. And as a Visa Signature card, you’ll also receive access to a 24/7 concierge service and a variety of shopping and travel discounts. The annual fee is , and no foreign transaction fees.
The time of your attorneys is extremely valuable. And when they have to travel, it’s important that they can be as productive as possible. This card offers unsurpassed access to the airport business lounges in three programs – the Delta SkyClubs, Priority Pass Select, and American Express Centurion lounges. You also get a $200 annual statement credit each year towards airline fees, and a $100 credit towards the Global Entry application fee.
Points in the Membership Rewards program can be redeemed for gift cards or travel reservations, with a 35% rebate on points redeemed towards eligible first and business class tickets purchased through American Express Travel. Or, you can transfer points to airline miles with 16 different frequent flyer programs. There’s a annual fee for this card, and no foreign transaction fees. You can also receive up to three additional cards for authorized users, for a total of $175 per year.
3. The Business Edge Platinum Card from US Bank
When your law firm needs to use its credit card to finance its expenses, you need a card that offers low interest rates and a promotional financing offer. With this card, new accounts receive 12 months of 0% APR financing on new purchases and balance transfers, with a 3% balance transfer fee. When the promotional financing rate expires, it offers a standard rate of 10.99% – 18.99%, based on your creditworthiness when you applied. There’s no annual fee for this card, but there’s a 3% foreign transaction fee.
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