Best Credit Cards for Small Business Owners

0
522

iStock_000040131422_Small-e1434486729926

By Carolyn M. Brown

With National Small Business Week kicking off this month, personal-finance websites CardHub and WalletHub have released a trio of reports to help small business owners find the best credit cards and bank accounts for their needs.
Business credit cards enable you to effectively track company expenses and earn rewards on spending. However, business credit cards aren’t covered by the CARD Act, which means they don’t benefit from protections such as those outlawing universal default, unfair payment allocation and, most importantly, arbitrary interest-rate increases. Most major credit card companies retain the right to jack up the cost of your debt at will, which is especially troublesome when you consider that most issuers report account information to users’ personal credit reports and hold them personally liable for debt, according to CarbHub.
In selecting 2016’s Best Business Credit Cards, some of which come from CardHub sponsors, these are the ones that excel in the various categories most important to small business owners: approvability, lucrative rewards, 0% rates and/or CARD Act Protection.
Best Business Credit Cards

  • Best for Excellent Credit: Credit cards from American Express account for approximately 24% of the total dollar volume of credit card transactions in the U.S. – the highest of any issuer. American Express has built this lead thanks to a reputation for strong customer service as well as attractive rewards credit cards and charge cards targeted to people and businesses with excellent credit.
  • Best Initial Bonus: Ink Plus Business Credit Card – Up to $750 in travel rewards when you spend $5,000 within three months of account opening.

“Read the Full Article at www.blackenterprise.com >>>>”

Author Details
G M
This is a general posting account for VT
ATTENTION READERS
Due to the nature of independent content, VT cannot guarantee content validity.
We ask you to Read Our Content Policy so a clear comprehension of VT's independent non-censored media is understood and given its proper place in the world of news, opinion and media.

All content is owned by author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners or technicians. Some content may be satirical in nature. All images within are full responsibility of author and NOT VT.

About VT - Read Full Policy Notice - Comment Policy