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Here are our thoughts and recommendations on the what we think are the best credit cards in various categories.
Balance Transfer and Low Rate
If you are looking for a business credit card with low interest rate or one to transfer a balance, nothing beats the Advanta Platinum with Rewards. You get an introductory 0% APR offer on balance transfers for 15 months. This is the longest introductory for any credit card. Thereafter, the APR is very low at a fixed rate of 7.99%.
In addition to that, you can choose to earn either travel rewards or cash rebates. The cash rebate formula is very good as well as you can earn 5% rebates on gasoline, computer equipment and office supplies, utilities, phone and cell phones and internet services. You could get a working capital line for as high as $50,000 as well.
Cash Back Business Credit Cards
Recommending the best cash back business credit card is very tough one because most of the cash back cards from the major issues are very good. But if I had to pick one, it would be the Blue Cash® for Business Credit Card. You will be able to earn 5% rebates on purchases made with American Express OPEN Savings Participants, which includes FedEx, Hertz(r), and more. The best feature of all is that you can earn 2.5% rebates for all other purchases. No other credit card lets you earn 2.5% rebates for their "non 5% other purchases" category. You can earn these rebates for the first $7,500.01 - $15,000.00 in annual spending. Once you exceed that, the rebates are 2% and 1% respectively.
Check our article on cash back business credit cards to find out about other cash rebate cards as well.
Business Credit Cards with Rewards
If you are looking for a reward program with both travel and shopping rewards, I would recommend the Citi® ProfessionalSM Card. As a new cardholder, you get 10,000 bonus points right off the bat. You can also earn 3 ThankYou Points® for every dollar you spend at restaurants, gas stations, auto rentals, and certain office supply merchants. The ThankYou Redemptions Network reward program from Citibank is very comprehensive as well.
Credit lines and 0% Apr Deals for Purchases
If you are looking for a credit card with a large line of credit, you may want to consider the Platinum Business Credit Card. You also get a 0% APR introductory offer on purchases for 12 billing cycles. If you have some capital expenditure plan or constant working capital requirements, take a look at this card as an additional source of cash. There is no annual fee and you can earn membership rewards option points and redeem them for great rewards as well.
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