5 Best Business Credit Cards for Online Purchases

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December 14, 2022 Business

As a business owner, does maintaining every financial transaction become a worrisome task for you? What if we told you that from a freelancer to a small business owner, every penny spent using a credit card will come with its own set of benefits? From record keeping to rewards, these credit cards simplify online purchasing for businesses. When it comes to making the most out of business transactions, a business credit card is known to be the most rewarding.

Business credit cards offer the best benefits in cash back, business travel perks and protection, and points for every transaction. With higher credit limits, a business owner can manage spending and employee cards, thereby saving time and resources. These credit cards smoothen out all fluctuations like rent and keep cash flow steady. Therefore, the increased market demand for business credit cards is justified. If you are considering getting a business credit card, the following are our topmost recommendations.

Best business credit cards for you

1. Juni Business Credit Card

The Juni business credit card is made for e-commerce businesses. Juni provides 2% cashback for the first 30 days of usage and 1% on all transactions after that. Juni’s working capital solutions cater to end-to-end services where each time you spend, you will be increasing the profits of your business.

All expenses, cashback, rewards, and earnings are displayed in real-time on Juni’s dashboard. Furthermore, you can apply for your Juni credit card in a few steps and receive it quickly. To maximize cash flow and improve your credit score, Juni is the trusted companion for your business.

2. Ink Business Unlimited Credit Card

Ink Business Unlimited Credit Card is great for regular spenders who wish for cashback on all transactions. For example, if you are always on the move or meet clients over a meal, using Ink Business Unlimited Credit Card will provide you with 2% cash back at gas stations and restaurants on the first $25,000 you spend and then 1% on all transactions.

This credit card doesn’t demand any annual fee and frequent tabs on miscellaneous categories. You also get a fraud prevention feature where your account is protected against fraudulent activity in real-time. You can also set up individual employee cards with a spending limit.

3. American Express Business Gold Card

The American Express Business Gold card comes with an annual fee that justifies the spending and the point earned on online purchases. Within the first 3 months of usage and after spending $10,000, you immediately earn 70,000 membership reward points. You can also enjoy travel benefits after booking via Amex Travel.

Although the American Express Business Gold Card demands a high annual fee compared to the benefits provided, it is still a trusted business credit card in the market. You get access to a flexible system that accommodates point transfer options.

4. Ink Business Preferred Credit Card

The Ink Business Preferred Credit Card boasts the highest sign-up bonuses, where one can earn 1,00,000 points on the first $15,000 spent within three months of usage. The card comes with an annual fee of $95 and provides additional primary car insurance for interested users. Other features like purchase protection, extended warranty, trip cancellation insurance, and reimbursement can be applied.

The Ink Business Preferred Credit card provides bonuses in these four categories- shipping, travel, telecommunication, and advertising. But when it comes to travel, your trip may be end-to-end protected, but the card doesn’t offer any extra perks.

5. Capital One Spark Miles for Business

The Capital One Spark Miles business credit card is perfect for everyday business spending. You earn 2x miles for every dollar spent, and these miles don’t come with a time limit and can be redeemed in travel purchases. The annual fee of this card is valued at $95, where the fee for the first year is waived. Although the Capital One card is affordable, one needs to note that they will not get any travel protection plans or perks.

5 reasons to use business credit cards

Here are some ways in which you will benefit from using business credit cards:

1. Improves credit score

Credit is a score used to mention a person’s creditworthiness. The higher the credit score, the easier it becomes to avail financial help from banks and lenders in the form of loans. The credit score gives an insight into how likely you will repay loans timely.

When you use a credit card to purchase, you also build your credit score. This results in you creating a stable financial infrastructure for your business. Any loan you take for your business can be approved quickly and mainly at a lower interest rate.

2. Improves cash flow in your business

Cash flow is the amount of cash or cash equivalent that business owners give and receive from their creditors. Cash flow is essential for all businesses. Business credit cards can open more credit lines for your business from banks and other financial institutions.

With a higher cash flow, you can access more materials and equipment with an extended payment period. As you continue improving your credit line by increasing the annual income, you will improve your company’s overall cash flow.

3. Categorizes business expenses and personal expenses

It is always better to keep separate accounts for your business and personal payments. Not only does it make tracking easy, but it also makes tax payments stress-free. Further categorization of these expenses into categories like travel, office supplies, meals, and more will help you be in the loop about where your accounts are being used.

4. More points and rewards earned

A business credit card comes with more perks compared to a personal credit card. You get cashback quite often and earn more points in the frequent-flyer programs. You can enjoy a waivered baggage fee, lounge access, and discounts on rentals or hotels. If you frequently travel due to business, it is best to use a credit card for online purchases.

5. Plans and controls expenditures

For your financial statements to be always in profit, it is good to have a system that tracks where your money is going. Instead of having money unaccounted for, a business credit card keeps tabs on how much is spent and on what exactly. Once you get an overview of the same, you can plan expenditures well ahead of time and control them wherever possible.

Business credit cards: for every business owner’s peace of mind

Business credit cards are specifically designed to meet the unique needs of business owners. From operating single-handedly to managing finances for a large order, these credit cards are practical and handy tools to keep the business running. So the next time you think of taking a business loan covering more than one objective at hand, use a business credit card that is faster and fulfills your topmost business priority at the earliest.

Written by Naomi Grace