If that’s the case, you’ll have your pick from the best business credit cards on the market. Here are our top choices and what to consider.
Best Visa Business Credit Cards
If you like the idea of earning cash back but don’t want to deal with multiple tiers of bonus rewards, look no further than the . The card offers a flat No major business credit card offers better than that.
The card also provides a .
Despite not being a travel card, it doesn’t charge any foreign transaction fees. Beyond that, though, there aren’t any other meaningful fringe benefits.
The card’s annual fee is .
The card also makes it possible to earn rewards when you take credit card payments from customers. U.S. Bank’s Encore Relationship Rewards program has no enrollment fee, and you’ll earn $1 in cash back for every $2,000 in credit and debit card payments you receive from customers, up to a total of $2,880 in cash back.
The card has a $0 annual fee the first year, thenafter that.
The card doesn’t have a sign-up bonus but offers It also doesn’t have an annual or foreign transaction fee.
One thing to note, however, is that Capital One is one of the few business credit card issuers that report your card activity to both the commercial and consumer credit bureaus.
So if you miss a payment or maintain a high balance, it could hurt your credit score. At the same time, using the card responsibly and maintaining a low balance relative to your credit limit can help boost your personal credit score.
Also, the card’s interest rate is above-average, so avoid carrying a balance from month to month if you can.
Visa business card FAQ
As we researched the top Visa business cards, we came across some other common questions. Here are their answers.
What are the Visa business card benefits?
Basic Visa business cards come with the following benefits, according to the payment network:
- Cardholder inquiry service
- Lost or stolen card reporting
- Emergency card replacement and cash disbursement
- Rental car insurance
- Zero-liability fraud protection
- Travel and emergency assistance services
- Purchase protection
- Extended warranty protection
- Roadside dispatch
That said, card issuers may add or change the terms of some of these benefits, so be sure to check your cardholder agreement and benefits guide for information about your card.
What is a Visa Signature business card?
Visa Signature is another level of card membership that comes with extra benefits. You’ll get all the same benefits as basic Visa business credit card holders, plus lost luggage reimbursement and travel accident insurance. Again, some individual Visa cards may offer more or less than this, so check the fine print to find out what you have.
What is the Visa business card limit?
Unfortunately, it’s impossible to say exactly what your credit limit will be on a Visa business card. Credit limits are typically determined based on several factors, including your credit history, your personal and business financials, and more.
Which card is best for your business?
There’s no single best business credit card out there, so it’s important to know what you want in a card. Specifically, find a card that will give you the most rewards for your business expenses, and also give you the features — such as the type of rewards, 0% APR promotions, or other benefits — that you like.
If having a Visa card isn’t a necessity, also compare these options with some top business credit cards with a Mastercard or American Express logo on the front of the card. Depending on your situation, you may find a card that better meets your needs.
Remember, though, that it may be tough to get approved for some of these cards if your credit is in bad shape. If that’s the case, take some time to improve your credit before you apply.
You can do this by making sure you always make your monthly payments on time, keeping your personal credit card balances low relative to their credit limits, and addressing potential errors and legitimate negative items on your credit reports.
The process of building credit can take time. But if it allows you to qualify for a better business credit card — and other business financing options — it’s worth the effort required to make it happen.