Author: Walter Smith
Covid-19 has turned the world topsy turvy. There is no way around it. Most businesses need a little extra financial cushion at the very least. Most need much more than that. What happens in this post COVID-19 economy is literally unfolding as we watch. A commercial line of credit could be just the thing to keep your business going during a recession.
Get a Commercial Line of Credit Fast
The thing is, most business owners need money right now. That means you need the fastest, most cost-effective commercial line of credit that you can get. Why a line of credit rather than a loan? There are a few reasons, but one main reason.
Commercial Line of Credit vs. Loan
The most basic definition of a commercial line of credit is that it is a revolving credit, similar to a credit card. You have a limit and continuous access to that limit while making payments only on the portion you use each month.
For example, if you have a $10,000 line of credit, you can use however much of those funds you need each month for whatever you want, unless your lender issues some sort of restriction. If you use $2,000, then when you get your statement you will have to pay $2,000 plus the interest, rather than a payment plus interest on the entire amount of the loan.
If you were to pay $1,000, then spend another $500, you would pay on the $1,500 balance the next month. Your payments change as your balance changes. Just like with a credit card.
What is the advantage of a line of credit over a term loan? Flexibility, hands down. With a line of credit, you do not have to repay or pay interest on any amount that you do not use. You have access to the funds as needed, but you do not have to repay the entire amount unless you use the entire amount.
Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.
Commercial Line of Credit vs. Credit Cards
Now, you’re probably thinking that credit cards are super easy to get, and they work the same way. It’s revolving credit. You only use what you need. You only pay back what you need.
Why is one better than the other? In some cases, a credit card may be the better option. This is a choice to make based on several different factors.
The main difference between the two that most borrowers need to know is that a line of credit typically has a lower consistent interest rate. However, there are no perks like 0% interest or cash back that you sometimes see with credit cards.
Another benefit with a credit card is that it is typically unsecured credit, meaning you do not have to have collateral. Many credit lines do require security, or collateral.
Middle Ground: Credit Line Hybrid
There is middle ground between unsecured and secured credit, and between a commercial credit line and credit cards. It’s called a credit line hybrid. A credit line hybrid is revolving, unsecured financing that allows you to fund your business without putting up collateral, and you only pay back what you use. It’s quickly accessible, lower interest, and high limit. It’s the best of both worlds.
Who Qualifies for this Type of Commercial Line of Credit?
Who qualifies for a credit line hybrid? Well, if you have a personal credit score of at least 685, you’re off to a good start. In addition, you can’t have any liens, judgments, bankruptcies or late payments. Furthermore, in the past 6 months you should have less than 5 credit inquiries, and you should have less than a 45% balance on all business and personal credit cards. It’s also preferred that you have established business credit as well as personal credit.
If you do not meet all of the requirements, it’s okay. You can take on a credit partner that meets each of these requirements. Many business owners work with a friend or relative to fund their business. If a relative or a friend meets all of these requirements, they can partner with you to allow you to tap into their credit to access funding.
What are the Benefits of This Type of Commercial Line of Credit?
There are many benefits to using a credit line hybrid. First, as already mentioned, it is unsecured. That means you do not have to have any collateral to put up. Next, the funding is “no-doc.” You do not have to provide any bank statements or financials.
Not only that, but typically approval is up to 5x that of the highest credit limit on the personal credit report. Furthermore, frequently you can get interest rates as low as 0% for the first few months, allowing you to put that savings back into your business.
The process is pretty fast, especially with a qualified expert to walk you through it. One other benefit is this. With the approval for multiple credit cards, competition is created. That means it’s likely if you handle the credit responsibly, that you can get interest rates lowered and limits raised every few months.
Private Lenders: Another Way to Get a Commercial Line of Credit Fast
Private lenders generally operate online. They typically offer lines of credit to those with credit scores that are lower than what is generally required by traditional banks. In addition, often you can get the funds within a few days of application, rather than a few weeks. Here are a few examples.
Kabbage offers a credit line of up to $150,000 with no credit score required. The catch is that the interest rate is between 32 and 108%. The business must have been in existence for at least one year and have revenue of at least $50,000.
Due to the extremely high interest rate, this is really only an option for those businesses that cannot get financing due to a low or nonexistent credit score and need something immediately.
The credit line that StreetShares offers goes up to $100,000 for those who have a business credit score of at least 600. You also have to have been in business for at least one year, and have at least $25,000 in revenue. It requires weekly repayment.
This is a good option for smaller businesses that are okay in the credit department but have trouble meeting higher revenue criteria. Also, the interest rate minimum is lower than some. The low end at 9%.
If you have a credit score of at least 600 you can get a credit line of up to $100,000 with OnDeck . The interest rate is a little higher than some that require a higher credit score minimum. It ranges from 13.99 to 39.99 percent.
Again, due to the higher interest rate, this should only be an option if you cannot meet the higher credit score requirement with a lender that offers a lower interest rate.
Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.
The credit line at Lending Club goes up to $300,000. It requires a credit score of 600, at least one year in business, and $50,000 or more in revenue. The repayment term is 25 months. In addition, they require collateral for limits over $100,000.
This is a good option for those who meet the requirement as there is a higher limit available with collateral, and the interest rate can go as low as 6.25%. Also, the repayment terms are more manageable.
Credit Card Options
Of course, while not the perfect solution, credit cards are an option. You have to be careful, and you want to research to ensure you get the best rates and terms possible. Here are some to start with.
Brex Card for Startups
The Brex Card has no yearly fee. Also, you will not need a personal guarantee. However, this card does not work for every industry.
To determine creditworthiness, Brex checks a company’s cash balance, spending patterns, and investors. Rewards include 7x points on rideshare and 4x on Brex Travel. Also, you can get triple points on restaurants and get double points on recurring software payments. Get 1x points on everything else.
Capital One® Spark® Classic for Business
The Capital One® Spark® Classic for Business is another good one to consider. It has no annual fee, but there is also no introductory APR offer. The regular APR is a variable 24.49%. However, you can get unlimited 1% cash back on every purchase for your company and there is no minimum to redeem.
While this card is within reach if you have fair credit scores, beware of the APR. If you can pay promptly, and completely, it’s a good deal.
Ink Business Unlimited℠ Credit Card
The Ink Business Unlimited℠ Credit Card has no annual fee and a 0% introductory APR. After that expires, the APR is a variable 14.74 to 20.74%.
Earn unlimited 1.5% cash back rewards on every purchase made for your company and get $500 bonus cash back after spending $3,000 in the initial 3 months from account opening. Rewards rewards for cash back, gift cards, travel and more using Chase Ultimate Rewards®. You will need superb credit to get approval for this card.
Blue Business® Plus Credit Card from American Express
The Blue Business® Plus Credit Card from American Express has no no annual fee and either, and it also has a 0% introductory APR for the first year. After that, the APR is a variable 14.74 to 20.74%.
Get double Membership Rewards® points on everyday business purchases like office supplies or client dinners. This applies to the first $50,000 spent each year. You get 1 point per dollar after that. Your credit has to be really good to qualify.
American Express® Blue Business Cash Card
Another one to check out is the American Express® Blue Business Cash Card. It is identical to the Blue Business® Plus Credit Card from American Express. However its rewards are in cash instead of points. You get 2% cash back on all eligible purchases up to $50,000 per calendar year. After that, it’s 1%.
There is no yearly fee, and there is a 0% introductory APR for the first one year. Afterwards, the APR is a variable 14.74 to 20.74%. You will need awesome credit to qualify for this card.
Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.
Capital One ® Spark® Cash for Business
The Capital One® Spark® Cash for Business card is another great option. It has an introductory $0 annual fee for the first year. After that, it costs $95 per year. There is no introductory APR deal. The regular APR is a variable 18.49%.
You can get a $500 one-time cash bonus after spending $4,000 in the first 3 months from account opening. Also, you get unlimited 2% cash back. YOu can rRedeem any time without any minimums. You will need fabulous credit scores to qualify.
Discover it® Business Card
Another good one is the Discover it® Business Card. It has no yearly fee. There is an introductory APR of 0% on purchases for twelve months. Then, the regular APR is a variable 14.49 to 22.49%.
You get unlimited 1.5% cash back on all purchases, with no category restrictions or bonuses. Also, they double the 1.5% Cashback Match at the end of the first year. There is no minimum spend requirement either.
You can download transactions easily to Quicken, QuickBooks, and Excel. This one also requires great credit scores.
The thing with credit cards is, you have to be so careful. As with all debt, payments must be made on time. However, the higher interest rates make this a little harder than it typically is with a commercial line of credit.
A Commercial Line of Credit Can Help You Right Now
In this post COVID world, most business owners need money fast. A commercial line of credit is the best way for that to happen, especially if you can get a credit line hybrid. Truly, with the ability to use a credit partner, virtually everyone can access this type of funding. It’s low interest, high limit, fast access to the funds you need to make sure your business thrives regardless of the state of the economy.
Digital marketing covers everything from SEO and content marketing to email campaigns, social media strategy, and video marketing too.
With new digital marketing companies popping up left and right offering a bit of everything (and truly speaking to no one), it’s no surprise you’re having a hard time finding the right one.
The best thing to do is narrow down your options by bypassing those digital marketing companies trying to do too many things at once.
Why? Because true highly-niched experts are the best way to get the results you want (and deserve) for your business.
But, it’s not always easy to find those experts when you need them.
So, I put together a list of the top digital marketing companies who genuinely excel at what they do to help you find the right fit for your business depending on what you need.
Then, we’re going to talk about what makes them great and what to expect when working with them.
Let’s get started!
The 6 top digital marketing companies in the world
Digital marketing can be done from anywhere in the world.
So, it doesn’t matter if you’re living in New York and want to work with a company in Houston. Or living in London interested in an advertising specialist in Australia.
All this freedom does make it difficult to narrow down your choices.
But this list is a great place to start.
1. Neil Patel Digital — Best for content marketing and SEO
Let’s face it — consistent content creation and effective content marketing are the banes of a lot of business’s existence.
Pair that with constantly evolving search engine algorithms and you have a recipe for burnout and frustration (on top of your every-day to-do’s).
Thankfully there’s an easier way than staying on top of it on your own.
Neil Patel Digital was built by marketers — not bankers — interested in disrupting the way brands (and their target audience) think about the content they create, publish, and promote.
We’ve helped businesses like Facebook, Intuit, and Google, as well as small to medium-sized businesses, disrupt their industries with our holistic and authentic approach to content creation and search engine optimization.
From research to execution to promotion and ongoing optimization, we know a thing or two (or twenty) about helping your brand create the best content for the right people… and putting it in front of them as well.
Your business deserves to be heard and there’s no one more dedicated to making that happen than our team of professional experts equipped with my world-class digital marketing strategies.
Plus, with seven offices around the world, our team is here for you when you need us.
2. Cubicle Ninjas — Best for brand design and app/website development
You can have the best ideas and products in the world but without a brand that portrays your story and core values, you’re going to have a hard time connecting with your audience.
But cohesive brand design goes beyond the basics of graphic design best practices and Googling for free information until your eyes gloss over.
That’s where an experienced specialist comes in and saves the day.
Cubicle Ninjas uses a strategic combination of design and technology to develop innovative, inspiring, and one-of-a-kind branding design paired with the mobile apps and websites brands need to stand out in our online world.
They’ve designed high-end customer experiences for companies like Red Bull, Microsoft, IBM, and Hilton but they also work with smaller boutique brands as well.
Cubicle Ninjas believe the best brands encompass visual, written, and interactive elements to create a cohesive customer experience through every stage of their journey from casual visitors to loyal repeat customers.
Their client-proven process works for businesses and projects of all sizes interested in developing a brand and creative assets that help them tell their story.
3. Storm Brain — Best for advertising and social media marketing
Social media seemingly changes by the second.
It feels impossible to keep up with new platforms, updated policies, and ever-changing social media marketing techniques on top of running your business.
But thankfully, you don’t have to.
Storm Brain is a digital marketing company specializing in effective advertising campaigns and social media marketing that helps brands of all sizes generate more leads, build brand ambassadors, and make more money with a strong focus on ROI.
They’ve worked with some big names like Zillow, Ford, and Citi Bank but they also work with smaller brands in a wide variety of industries.
Storm Brain focuses on planning, creating, and executing both paid and organic social media campaigns that help your audience connect with your brand across social media channels.
However, they specialize in Facebook and paid social media advertising.
Their four-step strategic approach centers around your target audience and capitalizes on paid media, owned media, and earned media to ensure your brand is in front of the right people.
4. Mad Mind — Best for eCommerce development and product branding
As a product-based business, you have different marketing roadblocks than service-based or blogging-based businesses.
And there are a lot of other branding elements coming into play as well.
Thankfully, Mad Mind is here to help.
They’re a creative digital marketing studio for both large and small eCommerce brands looking to develop cohesive branding from their website design down to the smallest details of their product packaging.
Brands like Lyft and Sony Music trust Mad Mind to help them create an impactful brand, attract the right people, and turn them into lifelong paying customers.
Furthermore, they’ve been featured on Shark Tank, The Los Angeles Times, and Vogue.
From WordPress, WooCommerce, and Shopify development to custom websites and thoughtful eCommerce branding, their team of “marketing geniuses” delivers powerful results and dynamic marketing strategies you can leverage for years to come.
5. Pop Video — Best for video and visual content marketing
Video and visual content marketing are booming right now.
But it’s no secret planning, creating, and producing videos feels overwhelming and downright difficult, to say the least.
The good news is… you don’t have to do it all yourself.
Pop Video specializes in doing the heavy lifting (read: video creation, execution, repurposing, editing, etc.) for you.
They know your audience expects more than one-off videos and other types of visual content. And they also believe your business deserves better, as well. They don’t call themselves a “lean, mean, content-generating machine” for nothing.
Pop Video has partnered with hundreds of brands including Phillips 66, Academy Sports + Outdoors, and Mattress Firm to revolutionize the way their audiences consume and interact with digital content.
However, they don’t just produce great videos.
6. Action Rocket — Best for email marketing and design
There’s a reason 93% of B2B brands use email to distribute the content they create — it works.
But starting your email list and growing it into a database of raving fans and customers isn’t easy. Most businesses know this and do everything they can to avoid it like the plague.
Good thing you have another option.
Furthermore, they’ve worked with some huge names you may have heard of like QVC, Unicef, and American Express.
However, they also work with businesses of all sizes anywhere in the world.
Action Rocket offers courses, workshops, and training as well as world-class email campaign creation services so you can start leveraging one of the most effective forms of digital marketing for your business.
7 characteristics that make a great digital marketing company
Now you know my top recommendations.
So, let’s talk about what makes these digital marketing companies great and what to look for if none of the companies above match what you’re after. These are the key steps in how to pick the right digital marketing agency.
1. A great website and digital marketing strategy
Smart digital marketers understand the importance of having a well-designed website and an effective digital marketing strategy.
So, it makes sense to expect your digital marketing company to have both, especially if they offer web design or custom development services.
Take a look around their website, sign up for the email list, and peek at their social media profiles to make sure they’re practicing what they preach.
And if they’re not… move on to a digital marketing company that is.
2. An impressive portfolio
Agencies use their portfolio to show off their best work.
So, look through their published portfolio pieces to see examples of the types of work they produce for their clients.
This also gives you an idea of the types of clients they frequently work with.
Pay close attention to the style and quality of what they do and make sure it closely aligns with what you hope to get out of working with them.
Furthermore, look at the list of clients they have to see if you recognize any of the names.
If anything seems off or doesn’t fit what you’re looking for, move on to a digital marketing company that feels like a better fit for you and your business.
3. Aligned company culture and core values
It’s important to work with companies that value the same things and have a strong company culture you can appreciate to get the results you hope to achieve (without wanting to pull your hair out).
Do you prefer a creative and collaborative atmosphere or a more rigid and structured approach?
Look at the words, phrases, and photos they use on their website to get an idea of how they work and make sure it’s a good match to what you’re looking for.
Some digital marketing companies use humor and playfulness while others are more serious.
So, decide what type of experience you want to have and find a company that matches that.
Example: Would you use the word “disruptive” to describe your brand and vision?
4. A diverse team with appropriate specializations
It’s important to hire a digital marketing company with the right team that can deliver the results you’re hoping for.
If you’re looking for high-end brand design services, make sure they have an experienced team of designers to take on your project.
Or maybe you’re interested in a custom-coded website.
Check out that company’s team on their about page (if they have everyone listed there) or on LinkedIn to make sure they have an experienced designer and a coder or developer on staff.
5. Timely and effective communication
Strong communication is one of the most important parts of a fruitful and beneficial partnership between a company and its digital marketing company.
So, it’s important to consider their communication skills and overall customer service before hiring them.
You can do this by evaluating the responses you get and how long it takes for them to respond to your messages and questions before giving them any money.
This doesn’t always work but if they take weeks to respond to a simple question, consider moving on to someone else.
6. Realistic promises and proven results
Before scheduling a consultation or reaching out for more information, look through their website to make sure their promises are realistic.
Furthermore, look to see if you can find any data-driven case studies they have regarding the type of results they regularly produce for their clients.
If they’re promising unrealistic things and making outlandish claims on their website, that’s a huge red flag.
Why? Because this means they probably don’t understand how the industry works and they don’t have any actual client results to share.
7. Real-world client testimonials
93% of consumers turn to customer reviews and testimonials when deciding to buy something. They do this because it helps justify the expense and ensure they’re going to get what they pay for.
So, you should do the same.
Keep an eye out for detailed and honest customer reviews or testimonials to give you an insight into what working with the company is like.
If you can’t find any, they probably haven’t worked with many clients and they may be inexperienced.
Which… is fine if you’re on a budget. But it’s not fine if you’re looking for the best possible solution for your business.
What to expect from a great digital marketing company
Now you know what to look for, so let’s talk about what to expect when working or partnering with a digital marketing company.
The details of each phase look different for every business out there. But, the fundamentals remain the same regardless of the company you choose to work with.
Phase 1: discovery and research
The best digital marketing companies want to learn everything there is to know about your business from top to bottom.
This usually happens through a series of phone calls/zoom chats and detailed questionnaires so they can get to know you and what you’re looking for. They’ll also do a deep dive into your target market, audience, and competition.
Phase 2: developing a plan of action
Once they know who you are and what you’re looking for, they’ll work with you to develop a detailed timeline and plan of attack to get the job done well and on time.
Phase 3: executing the plan of attack
Once everyone agrees on the plan, it’s time to start executing.
Your digital marketing company will work through the process of creating and finalizing everything you both agreed to during phase 2.
This includes building infrastructure, creatives, ongoing strategies, and anything else you need to achieve the results you’re after. Again, this looks different for different types of projects and the company you’re working with.
Depending on the complexity of your project, this could take anywhere from a few days to several months (or even a few years depending on the type of partnership).
Phase 4: results and offboarding
After everything is complete, good digital marketing companies will walk you through the results and outcomes you achieved by working together.
From there, you’ll discuss the next steps and how to move forward on your own (or what happens next if your partnership isn’t over).
Digital marketing = long-term relationships and results
Investing in digital marketing is a huge step in the right direction for your business. But, these strategies don’t return results overnight and they generally tend to ramp up over time.
So, expect a long-term relationship with your digital marketing company.
The longer you work with them, the more fine-tuned they are to your needs, and the quicker they can get to work producing even better long-term results for you and your business.
So, whether you choose one of my top recommendations or scout out your own, use the tips and best practices we talked about to make a smart, educated decision… like the future of your business depends on it.
Because it does!
Have you worked with any digital marketing companies recently? How did it go and did you get the results you hoped for?
I most likely found out more service short articles than any person I recognize From service principles posts to supply rates as well as evaluation, organisation information influences everybody. For me, checking out a service post is not simply regarding remaining at the top of my video game as an entrepreneur. Individuals that review a …
An Offer You Cant Refuse The Proven Profit Package plan the best finest for your buck dollar you’re still struggling battling make REAL money cash. Your First Info Product is a comprehensive 15 video clip program instructing their precise system for producing winning details items from scrape. In “Your First Product Launch” you and also …
On Five Year Anniversary The Gnarly Whale Charges Forward with Indie Identity while Expanding Reach , Grand Marnier Lip Balm and also a lot more, all handcrafted in tiny sets, to clients around the world.Today, The Gnarly Whale is lugged by Urban Outfitters, Tilly’s, Forever 21, McCaulou’s, as well as numerous others.” The business’s most …
Business Credit Cards Cash Back? They Can Be Yours!
Get business credit cards cash back now.
The Very Best Credit Cards Cash Back
We checked out a ton of company credit cards and did the research for you. So, here are our picks.
Per the SBA, company credit card limits are a whopping 10 – 100 times that of consumer cards!
This shows you can get a lot more money with small business credit. And it also means you can have personal credit cards at retailers. So, you would now have an extra card at the same retailers for your business.
And you will not need collateral, cash flow, or financial data to get small business credit.
Business Credit Cards Cash Back: Benefits
Perks can differ. So, make sure to pick the perk you like from this variety of options.
Terrific Business Credit Cards Cash Back
SimplyCash Plus Business Credit Card from American Express
Look at the SimplyCash Plus Business Credit Card from American Express. There is a $0 yearly fee. And there is a 0% APR on purchases So this is for the initial 15 months an account is open.
But when the introductory period runs out, the APR for purchases is 14.24 to 21.24%. So, this is variable and based on creditworthiness. We like this one. It’s a great example of business credit cards cash back.
So this card has several benefits. These include purchase protection, car rental loss and damage insurance. And they also include a baggage insurance plan, extended warranty coverage and a global assist hotline.
Also, get 5% cash back at US office supply stores and on wireless telephone services. So, these must be bought from United States providers. But this pertains to the initial $50,000 of annual spending. Then, you earn 1% cash back.
You also get 3% cash back on spending category of your choice. So, this is from eight distinct categories. They include airfare, gas, advertising and computer purchases. But it applies to the first $50,000 of annual spending. Then, you earn 1% cash back.
Cash-back bonuses are automatically credited to the customer’s billing statement.
Note: you cannot use this card for balance transfers. There is a foreign transaction fee of 2.7%. The card charges up to $38 in late fees. And the returned check fee is also $38. The penalty APR is 29.99%.
And, it applies if you have two or more late payments within 12 months. It can also apply if you fail to make the minimum payment on time or have a returned payment.
Capital One® Quicksilver® Card
Look at the Capital One® Quicksilver® Card. It offers flat-rate rewards of 1.5% on all purchases. There are no limits to the amount of cash back rewards that cardholders can earn. Also, the card has a $0 annual fee.
New cardholders have a 0% APR on purchases and balance transfers for the first 15 months after opening the account. Then afterwards they have a 14.74 – 24.74% (variable) APR after that.
A cash bonus of $150 is on offer for those who make a minimum of $500 in purchases in 3 months of account opening. So this one is another terrific example of business credit cards cash back.
Also, cash back rewards do not expire for the life of the account. And there is no limit to how much you can earn.
This credit card also offers travel accident insurance. And you get an auto rental collision damage waiver. There are no foreign transaction fees. And there is extended warranty coverage.
Downsides are the flat reward rate, not allowing for any more than that. And the higher APR after the first 15 months.
Get it here: https://www.capitalone.com/credit-cards/quicksilver/
Small Business Credit Cards with 0% APR – Pay Absolutely Nothing!
Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card
The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has no yearly fee. And it comes with a 0% introductory APR on purchases for the initial nine months. Afterwards, the card has a 13.24 – 23.24% variable APR
Earn 3 points/dollar spent when you book travel through the Bank of America Travel Center. And get 1.5 points/dollar on all other purchases. You can get unlimited points and points never expire.
There is a 25,000-point sign-up bonus when you spend $1,000 in the first 60 days of opening up the account. Cardholders get travel accident insurance, and lost luggage reimbursement.
They additionally get trip cancellation coverage, trip delay reimbursement and other perks.
There is no introductory rate for balance transfers. Also, bonus categories are limited.
JetBlue Plus Card
Consider the JetBlue Plus Card for yet another offer of a 0% introductory APR
Get six points/dollar on JetBlue purchases, two points/dollar at restaurants and grocery stores. And get one point/dollar on all other purchases.
Spend $1,000 in the initial 90 days and pay the annual fee, and earn 40,000 bonus points. New cardholders receive a 12 month, 0% initial APR on balance transfers made in 45 days of account opening.
Afterwards, the variable APR on purchases and balance transfers is 17.99%, 21.99% or 26.99%, based upon creditworthiness. Benefits include a free first checked bag and 50% savings on in-flight purchases.
There is a $99 annual fee for this card.
Get it here: https://cards.barclaycardus.com/cards/jetblue-card/
Remarkable Business Credit Cards with No Annual Fee
Uber Visa Card
Check out the Uber Visa Card. Uber is the very first ride-sharing service to offer a credit card, in a partnership with Visa and Barclays.
The card offers 4% back per dollar spent at restaurants, takeout and bars, including UberEATS. Also, earn 3% back on hotel, airfare and vacation home rentals. And earn 2% back on online purchases.
So, this includes retailers and subscription services like Uber and Netflix. And earn 1% back on all other purchases. Each percent/point has a value of 1 cent. Redeem points for cash back, gift cards or Uber credits directly in the app.
By spending a minimum of $500 in the first 90 days, users can earn a $100 sign-up bonus. Cardholders spending at least $5,000 yearly are eligible to receive a $50 credit toward online subscription services.
If you pay your cell phone bill with this card, you are insured up to $600 for cellphone damage or theft.
Cardholders are eligible for exclusive access to certain events and offers. Uber anticipates the majority of these offers will be available in major cities like New York, San Francisco, Los Angeles, Chicago and DC. There is no foreign transaction fee.
But there is no introductory rate. The APR is a variable 16.99%, 22.74% or 25.74%, based on your creditworthiness. Cardholders with less than stellar credit will be on the higher end of the range.
Also, there are restrictions on Uber credits. To redeem points as credits within the Uber app, accumulate at least 500 points, or $5. Cardholders can convert a maximum of 50,000 points, or $500, per day.
Get it here: https://www.uber.com/c/uber-credit-card/
Costco Anywhere Visa® Business Card by Citi
Not taking Uber? Then you’ll want to fill your gas tank in some way. Why not do so with the Costco Anywhere Visa® Business Card by Citi?
This card earns cash back with every purchase. Get 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Get 3% cash back at restaurants and on eligible travel purchases. Also, get 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.
Note: the $0 annual fee is only for Costco members. And an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.
Also, there is no sign-up bonus available with this card.
Ink Business Cash℠ Credit Card
Check out the Ink Business Cash ℠ Credit Card. Small businesses can earn cash back with every purchase. Spend $3,000 in the first three months from account opening. And you’ll get a $500 bonus cash back.
There is a $0 yearly fee with a 0% introductory APR for 12 months on purchases and balance transfers. After that, the APR is a 15.24 – 21.24% variable.
The credit card features travel and purchase coverage benefits. So, this includes an auto rental collision damage waiver and extended warranty protection.
Earn extra cash back on business categories. So, these include office supply stores, telecommunications, gas stations and restaurants.
Note: this card has a balance transfer fee. Pay 5% of the amount transferred or $5, whichever is more. Also, there is a foreign transaction fee of 3%.
United MileagePlus Explorer Business Card
Get a good look at the United MileagePlus Explorer Business Card.
Get 2 miles/dollar with United and at restaurants, filling stations and office supply stores. All other purchases earn 1 mile/dollar. Earn a 50,000-mile sign-up bonus after spending $3,000 in the initial three months from account opening.
Benefits include priority boarding, a free first checked bag for you and a companion on the same reservation.
Also, get two United Club passes annually. And get hotel and resort perks including upgrades. On top of that, get early check-in and late checkout. And get an auto rental collision damage waiver.
Also, get baggage delay insurance, lost luggage reimbursement, trip cancellation and interruption insurance. Finally, get trip delay reimbursement, purchase protection, price protection and concierge service.
After the first year, the card has an annual fee of $95. APR of 17.99% – 24.99%, based on creditworthiness.
Starwood Preferred Guest® Business Credit Card from American Express
Another option is the Starwood Preferred Guest Business Credit Card from American Express.
This card is for those who stay at Starwood Preferred Guest and Marriott hotels often. Get six points per dollar of eligible purchases at participating SPG and Marriott Rewards hotels.
And get four points per dollar at US restaurants, American filling stations, and on American purchases for shipping.
Also, get four points to the dollar on wireless telephone services purchased directly from US service providers. For all other eligible purchases, get two points per dollar.
Earn 75,000 bonus points when you spend $3,000 in the first three months of account opening. Benefits include free in-room premium internet access, Sheraton Club lounge access, and purchase protection.
Plus, you get car rental loss and damage insurance. And you get baggage insurance. There is also a global assistance hotline. And there is a roadside assistance hotline. And get travel accident insurance and extended warranty coverage.
The biggest issue is the annual fee. There is a $0 introductory annual fee for the first year, then it’s $95 after that. Plus, there is no 0% introductory APR. Instead, there is a 17.74 – 26.74% variable APR
Secure Business Credit Cards for Average Credit
Capital One® Spark® Classic for Business
For fair credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. The card gets an unlimited 1% cash back on all purchases. There is an annual fee of $0.
With this card, you will get benefits including an auto rental collision damage waiver, and purchase security. And you also get extended warranty coverage. And you get travel and emergency assistance services.
But KEEP IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus.
Establish business credit fast with our research-backed guide to 12 business credit cards and lines.
Small Business Credit Cards for Luxurious Travel Points
Capital One® Spark® Miles for Business
Be sure to check out the Capital One® Spark® Miles for Business card. With this card, you can earn 2 miles per dollar on all purchases. When you spend $4,500 within the first 3 months of opening an account, you can earn 50,000 miles. So, that is worth $500 in travel.
Benefits for cardholders include an auto rental collision damage waiver, and purchase security. And they also include extended warranty coverage. And you get travel and emergency assistance services.
Cardholders will pay $0 introductory for first year. But they will pay $95 after that for the annual fee.
There is no 0% APR for purchases or balance transfers with this card. The APR is 18.74% (variable).
The Business Platinum® Card from American Express OPEN
Check out the Business Platinum® Card from American Express OPEN if you’re comfortable with an outrageous yearly fee. This card earns 5 points per dollar on flights and prepaid hotels booked on the American Express Travel website.
It also gets 2 points per dollar on travel purchases booked on the American Express Travel website.
Furthermore, it gets 1.5 points per dollar on purchases of $5,000 or more. So, this is with up to one million additional points per calendar year. All other eligible purchases get one point per dollar.
With this card’s welcome offer, you can earn 50,000 bonus points when you spend $10,000. And earn another 25,000 points when you spend an additional $10,000 in that same period.
Cardholder benefits include global lounge access and a $200 airline fee credit. And you get a fee credit for Global Entry or TSA Precheck.
Benefits also include complimentary Wi-Fi hotspot internet access, privileges including early check-in and daily breakfast at participating hotels and resorts. Plus, the card offers travel accident insurance and roadside assistance.
This card does not offer bonus point earnings in other categories like gas, office supplies or advertising. Furthermore, all these benefits do not come cheap. Note: the card has a yearly fee of $450!
Establish business credit fast with our research-backed guide to 12 business credit cards and lines.
Chase Sapphire Reserve®
For travel points, have a look at the Chase Sapphire Reserve® card. You can earn 3 points/dollar on travel and dining at restaurants and 1 point/dollar on other purchases.
Spend $4,000 in the initial 3 months, and you will get 50,000 bonus points. This card offers a $300 annual travel credit. And you get airport lounge access, perks at luxury hotels and resorts including upgrades.
It also provides a fee credit for Global Entry or TSA Precheck, early check-in and late checkout. And it provides trip cancellation and interruption insurance, an auto rental collision damage waiver.
Plus, lost luggage reimbursement, trip delay reimbursement, and purchase protection. Finally, it also has return protection and extended warranty protection.
This card also offers cardholders a 25% higher points value when redeemed for travel through Chase Ultimate Rewards. With this card, points are worth 50% more when redeemed for travel through Chase Ultimate Rewards.
The biggest issues are the yearly fee of $450 and $75 for each authorized user. Another factor to consider should be that the card has a 17.99 – 24.99% variable APR.
So, think about this one carefully and make sure to read the fine print.
IHG ® Rewards Club Premier Credit Card
Consider the IHG ® Rewards Club Premier Credit Card. it earns hotel rewards worldwide. For each dollar spent at participating IHG hotels, get 10 points. Earn two points per dollar spent at gas stations, grocery stores and restaurants.
And all, other purchases earn one point. New cardholders can get an 80,000-point sign-up bonus when they spend $2,000 in the first three months of account opening.
This card provides a free one-night hotel stay annually. Plus, there is a range of benefits like travel and purchase coverage and an upgrade to Platinum Elite status with the IHG Rewards Club. The club offers complimentary room upgrades when available and guaranteed room availability.
The biggest issue is that the card does not offer a zero percent APR introductory rate. And the standard APR is 17.99 – 24.99% variable. Also, the annual fee is $89.
Get it here: https://creditcards.chase.com/a1/ihg/premiernaep
Marriott Rewards® Premier Plus Credit Card
This credit card earns six points/dollar spent at participating Marriott and SPG hotels. And get two points/dollar on all other purchases.
Spend $3,000 in the first three months from account opening and get two free night awards (each worth up to 35,000 points).
Cardholders get access to perks including a free one-night stay yearly after account anniversary. Also get travel and purchase protection. So, this includes free standard in-room Wi-Fi and priority late checkout.
Perks include baggage delay reimbursement, and lost luggage reimbursement. There is also trip delay reimbursement. And there is purchase protection. In addition, there are concierge service and automatic Silver Elite status, which includes a 20% bonus on points.
Spend $35,000 each account year, and get an upgrade to Gold Elite status. So, that includes a complimentary room upgrade, free daily breakfast and 4 PM late checkout.
There is an annual fee of $95. The APR is a 17.99– 24.99% variable.
Get it here: https://creditcards.chase.com/marriott/apply
Reliable Low APR/Balance Transfers Business Credit Cards
Discover it® Cash Back
Look at the Discover it® Cash Back card. There is a 10.99% introductory APR for six months from date of first transfer. So, this is for transfers under this offer which post to your account by January 10, 2019.
After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based upon the Prime Rate.
You can earn 5% cash back at different places each quarter. So, these are establishments like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Also, automatically earn unlimited 1% cash back on all other purchases.
You will get an unlimited dollar-for-dollar match of all the cash back you have gotten at the end of your first year, automatically.
Credit Builder Company Credit Cards – Make Your Credit Surge!
Discover it® Student Cash Back
Make sure to look at the Discover it® Student Cash Back card. It has no yearly fee. The credit card also has a six-month introductory period of 0% APR on purchases. And there is an APR of 14.99 – 23.99% variable on all purchases after that period.
One one-of-a-kind feature is that it provides an incentive for scholars to maintain good grades with a $20 statement credit. If scholars earn a GPA of 3.0 or better each school year, the card will award the $20 statement credit every year for up to five years. So the truth is, this is another stellar example of business credit cards cash back.
Use this credit card to build personal credit. While this is a personal card versus a company card, for new credit users, their FICO scores will be vital. And this card offers an excellent way to raise FICO while also getting rewards.
You can earn 5% cash back at different places each quarter like grocery stores, gas stations, restaurants or Amazon.com up to the quarterly maximum. After that, this card offers unlimited 1% cash back on all purchases.
In the first year, all cash back rewards are matched 100%.
Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. And although they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.
Establish business credit fast with our research-backed guide to 12 business credit cards and lines.
Ironclad Secured Credit Cards
Wells Fargo Business Secured Credit Card
Look at the Wells Fargo Business Secured Credit Card. It charges a $25 yearly fee per credit card (up to 10 employee cards). It also requires a minimum security deposit of $500 (up to $25,000). And it is meant to help cardholders develop or rebuild their credit.
Pick this card if you wish to get 1.5% per dollar in purchases with no limits. Or you can get one point for every dollar in purchases. You also earn 1,000 bonus points. So they are for every month your company makes $1,000 in purchases on the card.
Also, you get free FICO scores every month. There are no foreign transaction fees. It is possible to upgrade to unsecured credit. Your account is regularly reviewed. And you may become eligible for an upgrade to an unsecured card with responsible use over time. Approval is not guaranteed. It depends on factors including how you manage this and your other accounts.
APR is the current prime rate plus 11.90%. There is no introductory APR period and no sign-up bonus. This is not a credit card for balance transfers.
Unbeatable Cards for Jackpot Rewards
Chase Sapphire Preferred® Card
Have a look at the Chase Sapphire Preferred® Card for travel points.
You can get two points to the dollar spent on travel and dining at restaurants. And you can earn one point per dollar on all other purchases. Points can be redeemed for cash back, gift cards, or travel.
The card’s benefits include trip cancellation insurance, travel and emergency assistance services. They also include an auto rental collision damage waiver, purchase protection and extended warranty protection.
When you spend $4,000 in the first 3 months from account opening, you will get 50,000 bonus points. These points are worth $625 if you redeem them for travel through Chase Ultimate Rewards.
You can earn an unlimited two points per dollar for travel and dining at restaurants. Then afterwards get one point per dollar for all other purchases. Points will transfer equally to 13 leading frequent travel programs with partners. So, these include British Airways, Southwest Airlines, United, and Marriott.
There is no 0% introductory APR on purchases or balance transfers. The card’s standard APR is 17.74 – 24.74% variable. Also, the card has an annual fee of $0 introductory for the first year. And then it skyrockets to $95.
Ink Business Preferred ℠ Credit Card
Get a look at the Ink Business Preferred Credit Card from Chase. Cardholders earn 3 points for every dollar spent on travel, shipping, internet, cable, phone and qualifying advertising with the card. So, this is up to $150,000 each year. And all other purchases earn an unlimited one point per dollar spent.
This is a Visa credit card.
Cardholders get benefits like purchase protection, trip cancellation or interruption insurance. They also get cellphone protection. And they get extended warranty coverage. And they get an auto rental collision damage waiver.
Get 80,000 bonus points when you spend $5,000 in the initial 3 months from account opening. There is an annual fee of $95. You can add employee credit cards at no additional cost.
This credit card only offers 3 points per dollar to a limit of $150,000 a year. So, this is for travel, shipping, internet, cable, phone and qualifying advertising. All other purchases earn an unlimited flat rate of one point per dollar. And there is no introductory APR
Hilton Honors American Express Ascend Card
Check out at the Hilton Honors American Express Ascend Card, which earns hotel rewards points. Get up to 12 points per dollar of eligible purchases at participating Hilton hotels or resorts.
Automatically get Hilton Honors Gold status. And this includes room upgrades when available. Plus there’s a 5th night free when you book a rewards stay of 5 nights or more.
And get free internet access and late checkout. It also includes a 25% bonus on base points earned with Hilton Honors.
This credit card has a variable purchase APR of 17.74 – 26.74%. There is an annual fee of $95.
Cardholders can earn a 125,000-point welcome offer after making $2,000 in eligible purchases in 3 months from account opening. Earn a free weekend night award after making $15,000 in eligible purchases on your card in a calendar year.
Benefits include purchase protection. And there is extended warranty coverage. They also include car rental loss and damage insurance. So they also include travel accident insurance.
Spend $40,000 on eligible purchases with the card within a calendar year. Then you can earn Hilton Honors Diamond status through the end of the next calendar year. So this status includes all the benefits of Gold status.
It also includes a 50% bonus on base points earned with Hilton Honors. So it also exclusive floor lounge access at select properties. But that is extremely high spending required for elite status. So only you can decide if that’s worth it.
The Perfect Business Credit Cards Cash Back for You
So your outright best business credit cards cash back will hinge on your credit history and scores.
Only you can select which features you want and need. So, make sure to do your homework. What is outstanding for you could be disastrous for other people.
So also, as always, be sure to develop credit in the recommended order. Do so for the best, quickest benefits.