Hey there! In today’s video, Jason Wardrop shares his personal experience with credit cards and highlights the three best credit cards for small businesses, according to his opinion. The first recommended card is the Capital One Spark Business Credit Card, offering 2% cash back on all purchases and a $95 annual fee. The second recommended card is the American Express Business Gold Card, featuring bonus points for business expenses and a $95 annual fee. Finally, Jason’s favorite pick is the Chase Ink Business Preferred Card, which provides 3 times the points on paid advertising and has a $95 annual fee. He also mentions a bonus card, the Chase Southwest Rapid Rewards, which offers a companion pass for free flights when certain spending requirements are met. So, if you’re looking for the best credit cards for your small business, be sure to check out Jason’s recommendations!
The Capital One Spark Business Credit Card
The Capital One Spark Business Credit Card is a top choice for small businesses looking to maximize their rewards. While there is a $95 annual fee, the benefits and returns of this card far outweigh the cost. With this card, you can earn 2% cash back on all purchases, regardless of the category. Whether you’re putting the cash back towards paid ads, travel expenses, or paying off contractors, you’ll be earning free money with every purchase. This is a significant advantage over traditional business credit cards that offer no rewards or returns. Plus, for the first year, there is no annual fee, allowing you to try out the card before committing to the cost. Overall, the Capital One Spark Business Credit Card is a great option for small businesses looking to earn cash back on all of their purchases.
The American Express Business Gold Card
The American Express Business Gold Card is another excellent option for small businesses. While it also has a $95 annual fee, the rewards and bonuses make it worth the cost. When you spend a certain amount within the first three months, you can earn up to 35,000 reward points. These points can be used towards various business expenses, such as travel and paid ads. With four times the reward points on travel expenses and a long list of other bonuses, this card offers a wide range of benefits for businesses. Additionally, American Express is known for its exceptional customer support and loyalty to their customers. If you’re looking for a credit card with added perks and great customer service, the American Express Business Gold Card is worth considering.
The Chase Ink Business Preferred Card
For small businesses that spend a significant amount on paid advertising, the Chase Ink Business Preferred Card is a must-have. With three times the points on paid advertising, you can maximize your rewards and earn points faster. This is especially beneficial for businesses that heavily invest in online advertising platforms like Google Ads and Facebook Ads. The first 150,000 dollars spent on paid advertising can earn you three times the points, allowing you to accumulate reward points at an accelerated rate. Additionally, these points can go even further when used for travel, where one point is equivalent to one and a half times the value. The Chase Ink Business Preferred Card does come with a $95 annual fee, but the rewards and bonuses it offers make it a worthwhile investment for businesses that prioritize paid advertising.
The Chase Southwest Rapid Rewards
For small businesses that frequently travel, especially those based in areas serviced by Southwest Airlines, the Chase Southwest Rapid Rewards card is a great option. One of the standout benefits of this card is the companion pass, which allows you to bring a companion on your flights for free when certain spending requirements are met. While the specifics of the companion pass requirements may vary, it is a highly sought-after perk for frequent travelers. With Southwest Airlines as a hub in cities like Phoenix, Arizona, the Chase Southwest Rapid Rewards card offers an advantageous opportunity for businesses in those areas. If you plan on traveling frequently and want to take advantage of the companion pass, this card is worth considering.
In conclusion, there are several excellent credit card options available for small businesses. The Capital One Spark Business Credit Card offers 2% cash back on all purchases and has a $95 annual fee, making it a great choice for businesses looking to earn cash rewards. The American Express Business Gold Card provides various bonus points for business expenses and has a $95 annual fee, making it a solid option for businesses seeking added perks. The Chase Ink Business Preferred Card offers three times the points on paid advertising and has a $95 annual fee, making it a valuable choice for businesses that heavily invest in online advertising. Lastly, the Chase Southwest Rapid Rewards card provides a companion pass for free flights when certain spending requirements are met, making it an ideal choice for frequent travelers, particularly in areas serviced by Southwest Airlines. Consider your business’s specific needs and priorities when choosing the best credit card for your small business.