The biggest difference between a non-profit organization and a business is that eligible non-profits have tax-exempt status with the government. So if you’re looking for a credit card for your organization, a business credit card may be a better option than a consumer credit card.
Finding the right card for a non-profit can be tough, though, because it largely depends on where you spend your money and whether you have unique needs. As a result, you may need to spend some time doing some research and comparing various cards.
To help you get started, we’ve put together a list of our top five business credit cards for non-profit organizations and when they’re a good fit.
Best for new non-profits:
If you’re just starting your organization, it may take a while before your fundraising efforts are rewarded. In the meantime, it may be good to have a credit card that provides an introductory 0% APR promotion.
The card also offers a great flat-rate rewards program. . Since you likely won’t have a lot of expenses while you’re still brand new, you can rest assured you’re getting a great rewards rate on every one.
As a startup organization, you’ll also want to avoid unnecessary expenses, which makes the card even more appealing because it doesn’t have an annual fee.
Best for non-profits with a large footprint:
If your organization has a national or global footprint, travel expenses can take a huge chunk out of your bottom line. With the , you’ll not only earn big rewards on travel expenses, but you can also use the points you earn to book future trips for free.
. Categories include:
- Internet, cable, and phone services
- Advertising on social media and search engines
You’ll also earn 1 point per dollar on everything else. When you’re ready to redeem your rewards, they’ll be worth 25% more if you use them to book travel through Chase — so 80,000 points would be worth $1,000.
You can also redeem your rewards for cash back or gift cards, or you can transfer them to one of Chase’s hotel or airline transfer partners.
The card also comes with no foreign transaction fees, primary rental car insurance, trip cancellation and interruption insurance, cell phone protection, and more. It does, however, have a annual fee.
Best for office expenses:
If your organization is based out of an office, large or small, it may help to have a credit card that offers bonus rewards on some of your overhead expenses.
- Airfare purchased directly from airlines
- Hotel rooms purchased directly from hotels
- Car rentals purchased from select car rental companies
- U.S. gas stations
- U.S. restaurants
- U.S. purchases for advertising in select media
- U.S. purchases for shipping
- U.S. computer hardware, software, and cloud computing purchases made directly from select providers
The card also has an annual fee of and an intro APR of . After that, the APR is .
Best for gas:
The card offers .
If you’re enrolled in the Business Advantage Relationship Rewards program, you can qualify for 25%, 50%, or 75% more rewards on every purchase you make.
New cardholders will get a They’ll also enjoy an intro APR of . The card has no annual fee.
Best for flat-rate cash back:
. With no cap on rewards, this can be especially lucrative if used correctly.
There’s also a , after that.
The card doesn’t have any other significant benefits, but won’t charge you an annual fee.
Which card should you choose?
As with any type of business, it’s important to choose the business credit card that will give you the most value. If you need an introductory 0% APR promotion, for instance, the interest savings could be more valuable than any rewards you might earn on the card in the first year or two.
And if you spend a lot in one area, finding a card that offers bonus rewards in that category may be your best bet. Whatever you do, avoid the urge to go with the first offer you see. Take time to shop around and compare several top business credit cards before choosing one.
Also, keep in mind that many business credit cards require that you have good or excellent personal credit to get approved. If you’re not there yet, consider looking into credit cards for fair or bad credit, at least until you can improve your credit score and qualify for a better product.
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