NerdWallet has engaged Atomic Invest LLC (“Atomic”), an SEC-registered investment adviser, to bring you the opportunity to open an investment advisory account with Atomic. You’ll want to research, review and compare several aspects of small business cards to find one that fits your spending profile and preferences. Consider these questions to help you pick the right card for your needs and goals. Set multi-level checks for large expenses, ensuring your startup maintains financial oversight while speeding up decision-making processes. This speed ensures your Australian startup covers urgent expenses, from marketing to travel, without delays, keeping operations smooth and agile. You limit employee card access and rotate credentials periodically.

How do business charge cards help enforce spending policies and budgets?

The Spark Classic Card also offers unlimited 1% cash back on all purchases. When you apply for most small business credit cards, there usually is a hard pull on your personal credit. However, many (but not all) small business cards won’t appear on your personal credit reports because there are separate credit scores for businesses.

Choose a card that builds business credit

If a card includes a welcome offer, be sure to check how long it lasts and whether any exceptions apply. Choosing the right small business credit card can provide your company with essential financial tools to help manage expenses, build credit, and earn valuable rewards. Whether you need a card that offers cashback on everyday purchases or one that maximizes travel rewards, there’s a card out there for every business. Take the time to evaluate your needs and pick a card that aligns with your spending habits and financial goals. A business credit card can be one of the first financial tools that helps a startup operate with structure, flexibility, and control.

Best Flat-Rate Cash-Back Business Credit Card for LLCs

For example – we were able to order new physical cards and issue unlimited virtual cards to employees in the space of an afternoon vs weeks with our previous card provider. In my opinion, the Ramp card is a good choice because it offers great spend control, easy accounting and doesn’t require a personal guarantee. If you put expenses on your personal credit card to be reimbursed later, you need to file an expense report in order to have receipts. This is really important because you need to create a paper trail for the IRS and, sometimes, investors will also want to see the paper trail too, if they are big expenses. Really importantly, the best credit cards sync with QuickBooks for simple bookkeeping.

Why We Chose Capital One Spark 1.5% Cash Select As The Best For Flat-Rate Rewards

• Merchant Maverick has been researching and reviewing credit cards and credit card providers since 2018.
• With 2% cashback on up to $50,000 in eligible purchases each calendar year and no annual fee, this card offers a strong blend of rewards and flexibility.
• Restrictions also show up in how you’re able to use the card; many limit cash advances, balance transfers, or international transactions to reduce exposure.
• The Zeni Business Credit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.

It can help you to build business credit, manage cash flow, simplify accounting, and unlock rewards that fuel growth. Choosing the right one early can set the tone for your company’s financial health. By understanding your spending habits, evaluating the rewards programs and fees, and considering additional benefits and services, you can select a card that aligns with your business goals.

• The Rho Corporate Card includes 24/7 customer service and optimal spend control.
• Note that these offers are usually temporary, so plan your spending and repayment accordingly.
• To do that, make sure the best card for your situation reports your payment activity to major business credit bureaus like Dun & Bradstreet, Experian Business, and Equifax Business.
• Those who hold other premium Chase travel cards can transfer their earned cash back to Chase Ultimate Rewards to widen their redemption options.
• This Blue Business Plus has more of a slow-but-steady approach to earnings.
• The card’s extended warranty saved me hundreds of dollars after a laptop I purchased with the card died.

Marriott Bonvoy Business® American Express® Card

Unlike many business credit cards, it doesn’t require a personal guarantee. That means that as a founder, you aren’t legally obligated to take money out of your personal bank accounts to pay for your startup’s credit card bills. It can be tough to find a business credit card with no personal guarantee. Now especially to us because we have set up and built a bunch of automations that plug into QuickBooks that recognize transactions automatically. So we’re able to do about 70% of the transactions automatically now, which means a human accountant is not touching those transactions, which again saves you a lot of time and money. And we aren’t the only outsourced accounting service https://dimensionzen.com/streamline-your-finances-with-expert-accounting-services-for-startups/ to have done this.

Best for Advertising + software

• While it’s not illegal to use a personal credit card for your business, it’s never a good idea to mix finances.
• The Brex business charge card gives companies access to credit limits that are 20-30x higher than traditional credit cards, providing critical spending power required for growth.
• A business credit card can be one of the first financial tools that helps a startup operate with structure, flexibility, and control.
• Ramp continues to innovate and add features to their product to help serve SMBs (such as Ramp Flex, which is a bill pay financing product) – so that is a good option for traditional small businesses.
• It offers very strong rewards for spending at Marriott hotels – 6x reward points.

No-credit-check cards can improve your odds by introducing factors like a security deposit, business revenue, or bank account balance into the issuer’s risk assessment. Before you apply, check what criteria the issuer uses to avoid tying up cash or paying application fees with no clear path to approval. Even if your small business consists of just you as a sole proprietor, there’s a good chance you can find a business credit card that fits your needs. Chase provides several attractive reward programs for business travel and other expenses, and Chase changes an annual fee.

Boost financial efficiency

Responsible use, like paying on time and keeping balances low, helps establish a strong business credit history. A secured credit card or a charge card can be a great starting point for new business owners with limited or no credit score. If you’re starting a business and have little or no established credit, look for cards that cater specifically accounting services for startups to new companies and don’t require a personal credit check. Several options listed below are designed for startups and base approval on factors like business revenue, cash flow, time in business, and your business bank account activity. Some issuers may also consider your business plan or projected earnings. The convenience of skipping a credit check can come with unexpected costs.