If you run an accounting business, having the right credit card can make your life a whole lot easier. Whether you need a good card that will link well with your own account software, one that works well for your business expenses, or one that can help you cover some of your costs, it’s important to consider several options before choosing one.
To help, we’ve put together a list of our top four business credit cards for accountants, based on some of these features. As you compare each, think about your business’ needs and your own personal preferences.
Best for accounting tools: The Blue Business® Plus Credit Card from American Express
You may be an accountant, but doing all the work on your own business’ accounting may not be what you want to do after a day of doing it for others. Enter the The Blue Business® Plus Credit Card from American Express.
As with other American Express OPEN business credit cards, this one offers some features that will make it easier to run your business, including:
- Spend Manager, which allows you to add receipts and notes to each of your transactions.
- The ability to link your account to Quickbooks to easily label and transfer your transaction data.
- Year-end summaries that categorize your expenses by month and purchase type.
Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.. If you need to finance a big expense, you can do so with the cards’ APR of 0% on purchases for 12 months from date of account opening. The card has a $0 annual fee.
Compare Credit Cards And Financing Options For Accountants
When you create a Nav account, we’ll deliver personalized options after you answer a few questions about your business.
Best for fair credit: Capital One Spark Classic for Business
Getting a credit card with a great rewards program or helpful accounting features is ideal. But most business credit cards require that you have good or excellent personal credit to get approved.
That’s not the case, though, with the Capital One Spark Classic for Business. The card is designed for people with what Capital One calls “average credit,” which is defined as: you’ve defaulted on a loan in the past year, or you have a limited credit history (less than three years).
The card has $0 annual fee and also offers 1% Cash Back on every purchase and 5% Cash Back on hotels and rental cars booked through Capital One Travel.
How to pick the right business credit card for you
With so many business credit cards on the market, it can be tough to know which one is best for you. As you compare these and other top credit cards, it’s important to know three things:
- Your credit score: All business credit cards require a personal credit check to get approved. If your score is in bad shape, you may need to get a secured credit card and work on improving your credit first.
- Your business expenses: A lot of business credit cards offer bonus rewards on certain business-related expenses. Know what your biggest expenses are and search for a card that will help you maximize your rewards on those purchases.
- Your preferences: A business credit card is more than its rewards program. Take some time to think about other features, such as the annual fee, a 0% APR promotion, or accounting tools. With the full picture in your view, you’ll have an easier time choosing the right one.
As you consider these factors, it’s also important to know that the card that’s right for you may not be right for you a few years from now. Businesses change, and as yours grows, reassess whether you have the right card for your needs. If not, don’t hesitate to start the process all over again to ensure you get the most bang for your buck.
This article was originally written on January 18, 2019 and updated on February 8, 2023.
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