Business Credit Cards

Top 3 Low Competition Small Business Credit Cards

Small businesses often struggle to find the best credit cards that meet their needs. With so many options available, it can be overwhelming to choose the right one. One of the most important factors to consider is the level of competition for the credit card. Low competition credit cards can offer better rates and benefits, making them a great choice for small businesses. Here are the top 3 low competition small business credit cards:

1. Capital One Spark Classic for Business

Capital One Spark Classic for Business is a great option for small businesses with limited credit history. This card offers 1% cash back on all purchases, with no annual fee. It also comes with fraud coverage and the ability to set custom spending limits for employees. The low competition for this card means that it may be easier to get approved, even without a long credit history.

2. Chase Ink Business Cash Credit Card

The Chase Ink Business Cash Credit Card is another great low competition option for small businesses. It offers 5% cash back on office supplies, internet, cable, and phone services, and 2% cash back on gas and dining expenses. There is no annual fee, and the card comes with fraud protection and employee cards at no additional cost. The low competition for this card means that it may be easier to get approved, even with a lower credit score.

3. American Express Blue Business Cash Card

The American Express Blue Business Cash Card is a low competition option that offers 2% cash back on all purchases, with no annual fee. It also comes with a 0% introductory APR for 12 months, making it a great option for small businesses that need to finance purchases. The card also offers employee cards at no additional cost, and comes with fraud protection. The low competition for this card means that it may be easier to get approved, even without a long credit history.

Conclusion

Choosing the right credit card for your small business can be a daunting task, but low competition credit cards can offer great benefits and rates. The Capital One Spark Classic for Business, Chase Ink Business Cash Credit Card, and American Express Blue Business Cash Card are all great options for small businesses with limited credit history or lower credit scores. Consider these options and compare them to other cards before making a decision.