Best Business Credit Cards to Finance Your Business

merchant cash advance

Financial setbacks hit when you least expect. And when they do, extra business funding is all you need to manage your problems.

Business credit cards are a sure way to get supplementary funding for your business. They help solve nearly any business needs from maintaining cash flow to purchasing inventory and equipment.

If used properly, a credit card can help a small business build credit and qualify for better funding.

Why Choose Cards over Other Sources

Other funding alternatives like micro-business loans and merchant cash advance also exist, but you might want to prioritize credit cards for the following reasons.

  1. Unlike the above sources, credit cards don’t have strict underwriting procedures. The underwriting for cards is moderate.
  2. APRs for MCAs often shoot through the roof while some cards offer up to 0% APRs for new users.
  3. Lastly, you won’t need to pay interest if you pay your card debt in full.

And on top, many credit cards come with extras like travel and cashback points and can be beneficial if used wisely.

What are Best Business Credits Cards?

Here are some of the finest credit’s cards to consider.

1.Costco Anywhere Visa® Business Card by Citi

The Citi-provided Costco Anywhere Visa Business Card is an excellent card choice for many reasons.

First, being a Costco user will mean a waiver on your yearly fee. On top of that, you’ll enjoy cashback on other offers as follows

  • 4 percent cash back at Costco & other gas points globally
  • 3 percent on restaurant and authorized travel purchases globally
  • 2 percent on goods bought on Costco.com and its retail stores

You also enjoy a 1 percent waiver on all other spendings on the card

2.Brex Card for Ecommerce

This happens to be one of the few credit cards built particularly for web-only merchants.

The Brex Card for Ecommerce allows for prolonged settlement terms and price cuts on services you’ll almost certainly use in your web-based business such as Google Ads, Amazon Web Services, and Klaviyo.

The Card recently rolled out an alternative rewards program that allows merchants holding its Corporate Card for Startups, to choose to accumulate bonus points on purchases of services like Zoom, Slack, and delivery of foodstuffs.

3.American Express® Business Gold Card

American Express’s Business Gold Card is the proclaimed premium standard for commercial credit cards. It costs $295 per year.

With the card, you can enjoy 4X Membership Rewards® points on two segments where you record the highest spending per billing cycle in groups such as airfare, promotion, tech, and gas.

The card also welcomes new users who spend $5, 000 on their card with free 50,000 points as long as the cap is reached within the first three months of usage.

Final Words

There are plenty of other cards to consider out there. Be sure to double-check terms and related fees before entering a deal.

Author Bio: Michael Hollis is a Detroit native who now lives in Los Angeles. He is an account executive who has helped hundreds of business owners get merchant cash advance. He’s experimented with various occupations: computer programming, dog-training, scientificating… But his favorite job is the one he’s now doing full time — providing business funding for hard-working business owners across the country.