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FAQs About Choosing Credit Cards

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What are the Best Business Credit Cards?

The best small business credit cards are the cards that help owners to manage expenses and maximize earning rewards. When you start looking for the best credit cards for small businesses, you should take into account larger signup bonuses, higher rewards rates in business-friendly categories (advertising or traveling), special options such as no additional cost.

Ink Business Preferred℠ Credit Card is considered to be one of the best credit cards for business. Businessmen, who spend $5,000 in the first 3 months from account opening, will get 80,000 points redeemable for cash back, gift cards, travel, and more. They will also get 3 points per dollar on the first $150,000 spent per year on such purchases as advertising, internet service, airfare, etc.

You can also draw your attention to the Business Gold Rewards Card from American Express. Those, who look for the best cashback business credit cards, will be pleased with beneficial offers. Though this card is less profitable for businessmen than the previous one, it still offers such cool options as:

    •  No foreign transaction fees.
    •  $0 introductory annual fee for the first year
  •  2X points on the 4 remaining categories and 1X points on other purchases.

You can also consider such good offers as the Enhanced Business Platinum® Card from American Express, SimplyCash® Plus Business Credit Card from American Express, Discover it® Miles, Barclaycard Arrival Plus™ World Elite MasterCard®.

Are There Credit Cards for Rebuilding Credit?

Yes, it’s possible to rebuild credit with the help of credit card. Credit cardholders must make on-time payments and repay more than just a minimum payment monthly. It’s important to reconsider spending habits and give up on spending more than a charge on credit card.

One of the best ways to improve credit is to apply for a secured credit card. Such cards require a security deposit. Otherwise, it’s impossible to be approved. The bank or other financial institution will hold the deposit that is equal to the credit limit during the period when the account is active.

If the client defaults on credit card payment, the deposit can be used. Such cards are good at rebuilding the credit as both sides are secured from default.

Check Сredit Сard Minimum Payment

One of the most beneficial variants is BankAmericard® Secured Credit Card with APR 20.49%, Citi® Secured MasterCard® with APR 22.24% and others.

A prepaid credit card is also a good variant but it requires a cardholder to preload money on the account.

There are also other variants that don’t require a deposit. Still, they usually have low approval requirements and a lower possibility of rebuilding credit.

What Is the Best Credit Card for Rewards?

The best cards for rewards are those that offer special offers on travel, shopping at the favorite stores, online shopping, gas, or pure cash back. Travel rewards are one of the most favorite among Americans.

Therefore, if you are looking for the best credit cards for travel rewards, you should draw your attention to Chase Sapphire Preferred® Card (1,000 Chase points equal 1,000 partner miles). You should also consider BankAmericard Travel Rewards® Credit Card (it offers 1.5 points per $1 spent on every purchase with no expiration date on the points). Don’t forget to ask for Capital One® Venture® Rewards Credit Card (it offers two miles per dollar spent on all purchases).

Familiarize also with the best credit cards for rewards:

  • Chase Freedom® with Bonus category cash back and bonus value for $150.

  • Blue Cash Preferred® Card from American Express that has one of the highest rewards rates at U.S. supermarkets, namely 6% cash back on up to $6,000 of spending per year.

  • Citi® Double Cash Card with 1% cash back for making purchases and an additional 1% for paying them off.

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