This is particularly important if you don’t expect to clear your balance in full each month. Look for a low APR to keep the interest you will pay to a minimum. At Business.org, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. Business.org has partnered with CardRatings for our coverage of credit card products. Business.org and CardRatings may receive a commission from card issuers.
- Corporate cards are designed to help businesses manage their spending.
- These cards simplify transactions, ensuring a clear distinction between personal and company spending.
- And Brex and Ramp have build in features that make the accounting (and expense management) so much easier – really, get one of these awesome credit cards for startups, don’t go for a SMB focused credit card.
- Since this is a secured card, you will need to put down a $1,000 security deposit to use this card.
- However, you can earn up to $395 in statement credits on eligible purchases, which could make up for that hefty annual fee.
- By choosing and using them wisely, businesses can get the financing, rewards, and credit they need to succeed.
Capital One Spark 2X Miles Rewards
- However, Stripe only reports to the SBFE, so it’s not the best for building business credit.
- If you travel internationally to see customers airline-focused rewards may be most important.
- Most card issuers will check your personal credit score in addition to your business information.
- This makes Ramp a serious contender for any founder who knows that they will rapidly be scaling the team and provisioning cards for many employees.
- Our business debit card solution is designed specifically to help startups streamline their financial processes, save time, and stay focused on what matters most—growing your business.
The new Corporate Program for Startups by Amex takes some of the best features of Brex and combines them with some of American Express’ best rewards. The Corporate Program for Startups by https://www.citybiz.co/article/785736/the-real-value-of-accounting-services-for-startups/ Amex has no personal liability, protecting the founders, plus provides flexible rewards that can accrue to the company or to the employees. It’s only available through invitation – ask your Kruze account manager for an introduction. You want the team to spend, because advertising, new equipment, office supplies, etc. are necessary for growth.
Look for built-in spend management features
This is not an offer to, or implied offer, or a solicitation to, buy or sell any securities. Brex Treasury LLC does not provide legal, tax, or investment advice. The latest statement of financial condition for Brex Treasury LLC is available here. The Plum Card from American Express is best for businesses that want to take advantage of the extended repayment periods with no interest.
Startups that don’t have revenue yet
The Expensify card has a pretty good online interface and expense management features, but the rewards are not as strong as some of the others cards. A pro of accounting services for startups Brex is that it is built for startups based on their business metrics (KPIs). Because of this, Brex has been given to startups that did not qualify for other credit cards. While Brex originally had some decent expense management tools, they upped the ante by launching their “Empower” platform. Choose a plastic provider that “gets” startups enough to base your spending limit on the amount of capital in your bank account.
Nav Secured Card, previously the Tillful Card, is a soon-to-launch corporate card powered by Nav. Users can build business credit without the hassle of hard credit checks, annual fees, or personal guarantees. If you think the Nav Secured Card is right for you, you can join the waitlist or request early access to be one of the first to try it. Business credit cards are a great way to build business credit and allow startups to purchase items required to operate their business, such as equipment and office supplies. However, a great startup credit card will reward everyday business purchases, travel, and more, providing more value for your business.
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
The only way to identify the best business credit cards for your startup is to determine the most important needs of your business and compare your options accordingly. Business charge cards typically offer rewards programs that give companies points for spending. These reward structures often provide accelerated points or cash back in categories where you spend the most, such as software, advertising, shipping, travel, and internet services. It allows you to manage cash flow effectively and handle unexpected expenses. Some cards offer limits that grow with your business, giving you more purchasing power as your company expands.