Plus, you don’t even need a formal business structure to apply for one. Our experts have reviewed hundreds of options and compared their features to determine the best small-business credit cards of 2023 available from our partners. Whether it’s a full-fledged endeavor or a side hustle from your corporate job, it’s still possible to get approved for a business credit card. That’s because business cards typically rely on your personal credit score as one of the determining factors for approval. If your FICO score isn’t as good as your business idea, there’s a small handful of secured credit cards for businesses that can help you improve your credit while you build your brand.

Is it legal to use personal credit card for business?

If you use a Personal Credit Card for your business's needs, you will have a personal credit history and not a business credit history. This can make it hard to get funds for your business at a later stage. Considering the above reasons, it is wise to obtain a Business Credit Card to manage your business expenditure.

There’s a 3% fee, so you want to avoid using this card on your international travels. The card comes with minimal perks if you’re wanting additional benefits for when you travel. The sign-up bonus is only worth $850 according to TPG valuations , which falls short against some of the top business travel cards. Perks including cellphone and purchase protection; extended warranty; trip cancellation/interruption insurance; trip delay reimbursement;. Bonus categories that are most relevant to business owners; primary car insurance.

Credit cards

Receive a 5,000-mile “better together” bonus each anniversary when you have both the UnitedSM Business Card and a personal Chase United® credit card. The United Business Card combines a solid set of benefits, a moderate annual fee and a large welcome bonus. Frequent business travelers who spend generously within the bonus categories will find extreme value in this card. Banking products and services are subject to bank and credit approval.

There may be better options for small businesses who don’t spend a lot. No monthly or annual credits such as on the Amex Business Platinum or consumer Amex Gold. Up to $100 credit for Global Entry or TSA PreCheck application fee every four to five years. The creditor and issuer of these cards is Elan Financial Services, pursuant to a license from Visa U.S.A. Inc. Save on interest with a great low introductory rate for an extended time. Whether you are new to Regions or an existing customer, we offer the support and products you need to grow your business.

Best Mid-Range Airline Business Card

Business credit cards are similar to personal credit cards, only tailored to business needs. They can provide businesses with rewards on everyday spending, help cover expenses and assist in building business credit, making it easier to borrow in the future and qualify for a lower credit card APR. Plus, any income-producing endeavor may be considered a legitimate business for a business credit card. Even if you don’t have a registered LLC or corporation, you may be eligible to apply. Secured business credit cards offer opportunities for businesses and business owners with weaker credit to build credit.

Start redeeming at 1,000 points for cash, travel and gift cards. Make a credit card purchase, and you will receive a text with the option to redeem points toward that purchase. You can choose to have all account activity rolled up to a convenient centralized billing statement. The central billing statement allows you to not only see all of the transactions made by each of your employees and make a single payment to your account. 4X points on travel, including airfare, hotels, gas and EV charging stations, up to $150,000 in combined annual spend. Second lien loans and lines are only available behind a Wells Fargo Bank first mortgage for established Wells Fargo business checking or savings account customers. Commercial condo and special purpose properties are not eligible for second lien loans or lines.

Can you get a business credit card without a business?

That’s $1,000 cash back or $1,250 toward travel rewards when you redeem through Chase Ultimate Rewards®. The debt burden with small-business cards always lies with the primary cardholder. With corporate credit cards, liability may fall solely on the business or be shared between all authorized cardholders. Some cards offer lower variable APRs, while others allow business owners to manage debt from large purchases or other credit accounts with 0 percent intro APR offers. You don’t need to own a formal business structure, like a corporation or LLC, to get a business credit card. You also don’t need an employer identification number ; you can apply as a sole proprietor using a Social Security number. In fact, as long as you sell a good or service, you’re usually considered an eligible small-business owner.

Business Credit Cards enticing cash rewards for those with significant business-related spending, with an added bonus of 0% introductory APR on purchases for the first 12 months of opening your account. $0 Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card Best for BofA rewards for business members $300 Earn unlimited 1.5% cash back on all purchases everywhere, every time. You’ll earn 5% at office supply stores and on common monthly bills such as internet, cable and phone services. Plus, you’ll earn 2% cash back at gas stations and restaurants each account anniversary year.

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