Business Credit Cards

Starting a new business can be an exciting but stressful experience. There are a lot of things to consider when starting a new business, and one of the most important factors is managing your finances. As a new business owner, it's important to have access to credit to help you grow your business and manage your cash flow. In this article, we'll take a look at the top 5 business credit cards with low annual fees for new business owners.

1. Chase Ink Business Cash Credit Card

The Chase Ink Business Cash Credit Card is a great option for new business owners. It offers a $750 cash back bonus after you spend $7,500 in the first 3 months of opening your account. The card also offers 5% cash back on the first $25,000 spent on office supplies, internet, cable, and phone services each year. Additionally, you'll earn 2% cash back on the first $25,000 spent on gas and dining each year and 1% cash back on all other purchases.

2. Capital One Spark Cash for Business

The Capital One Spark Cash for Business credit card offers a flat 2% cash back on all purchases. There are no limits on the amount of cash back you can earn, and the rewards never expire. The card has a $0 annual fee for the first year, and $95 per year thereafter.

3. American Express Blue Business Cash Card

The American Express Blue Business Cash Card is a great option for new business owners who want to earn cash back. The card offers 2% cash back on all purchases, up to $50,000 per year. After that, you'll earn 1% cash back on all purchases. The card has no annual fee and offers a 0% introductory APR on purchases for the first 12 months.

4. Capital One Spark Classic for Business

The Capital One Spark Classic for Business credit card is a good option for new business owners with fair credit. The card offers 1% cash back on all purchases and has no annual fee. Additionally, the card reports to the three major credit bureaus, which can help you build your credit history.

5. Wells Fargo Business Secured Credit Card

The Wells Fargo Business Secured Credit Card is a good option for new business owners with poor credit. The card requires a security deposit to open, but it offers a credit line of up to $25,000. The card offers 1.5% cash back on all purchases and has a $25 annual fee.

Conclusion

Starting a new business can be a daunting task, but having access to credit can help make the process a little easier. The business credit cards listed above offer low annual fees and cash back rewards, making them great options for new business owners. Before applying for a credit card, be sure to read the terms and conditions carefully, and choose a card that best suits your business needs.