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If you have good personal credit, it won’t be hard to get one of the best business credit cards, even if you’ve just launched your business. You never want to use your business credit card for personal purchases (or vice versa) but you can leverage your personal credit rating to get a top small business rewards credit card.
Here are some of our top choices. Please note, we did not include most of the American Express offerings on this list, including the American Express Plum card. It is a good card to pay for business expenses, but is actually a charge card that offers trade terms rather than a credit card. You can read more about the differences between a credit card or a charge card here.
American Express Starwood Preferred
Starting a business often means a lot of time on the road, networking, attending trade shows and building relationships. If that’s the case for you, the American Express Starwood Preferred credit card gives you double rewards points when you stay at participating Starwood hotels and resorts. You can transfer points to more than 30 frequent flyer programs.
Also, you’ll save 3 to 35% on business expenses from FedEx, Hertz and more.
The annual fee is a low $45, which is waived the first year, and the interest rate is 2.99% for the first six months and 9.99% after that. You’ll need good credit to get this card.
Capital One Spark Miles
With an excellent personal credit rating, you can benefit from the Capital One Spark Miles. One of the most “rewarding” credit cards designed for business owners, the card features no annual fee, 3 miles for each dollar spent in a category of your choice, and 1 mile per dollar on every other purchase, plus free cards for your employees. Redeem your rewards points for travel, cash, merchandise or gift cards with this very flexible credit card. Sign up now to enjoy a zero percent APR until November 2010, too.
Ink Cash business credit card from Chase
Chase has introduced a new line of business credit and charge cards, following the same business model as the bank’s “Blueprint” line of personal credit cards. Ink is not a Visa or MasterCard, but is globally accepted, according to the Chase website. Ink Cash from Chase is a business credit card that offers cash back rewards, no annual fee, free employees cards, 3% cash back on certain business purchases and 1% cash back on all other purchases. You’ll enjoy a 0% APR for the first six months and 11.24% to 17.24% after that, depending on your credit history.