Hi All,
Husband and I will be opening a new business soon, and have a set budget of around $20,000 to start. I wanted to explore my options on getting the most bang-for-my-buck credit card. My ideal credit card would be something that's offering a $ bonus after a certain amount swiped within the first few months, 0% APR for the first year, and in addition to something with 1-2%+ cash back rewards on all purchases. Our credit scores are well above 800+, and we plan on swiping and paying it off immediately with liquid funds, however we would like to reap the benefits along the way. Are my requests too farfetched? 
Which card would you recommend? TIA!
From a purely cash back only perspective I would say the Capital One Sparks 2% CB card. If you do a lot of travel this may not be the card for you but for cash back there is no cap and it posts quickly. At work we run about $100K through it a month and PIF so makes it well worth it. Not sure if they have a 0% intro on this card though and the only perk is the cash back.
We used to use Amex Gold Business card but Boss said the rewards weren't worth it but he doesn't travel much so that may be where the value is with that card, I am not sure. But he loves the Sparks card lol
Thank you for your responses! We don't plan on doing much traveling, therefore traveling points won't be too beneficial to us
Most of our expenses will be on Ebay, Amazon, Specialty sites -- all to purchase the items needed for our business to be functional. Which I know probably doesn't fall into the 'Office Supply' category of some rewards cards.
@Anonymous wrote:Thank you for your responses! We don't plan on doing much traveling, therefore traveling points won't be too beneficial to us
Most of our expenses will be on Ebay, Amazon, Specialty sites -- all to purchase the items needed for our business to be functional. Which I know probably doesn't fall into the 'Office Supply' category of some rewards cards.
One good place for you to start, then, would be the new
Amazon Business Prime American Express Card:
@Winesnoblv wrote:I found the AMEX SimplyCash Plus to be a great card for my business.
In addition to 0% for 9 months, you have a choice of categories to recieve 5% as well as 3%. Also, you receive 5% back with purchases from office supply stores and cell phone provider. Another feature is that you can buy above your limit.
Unlike the Capital One Sparks card, it does not report to your personal credit and does not have an AF.
I haven't had the same experience; I haven't usually been receiving the bonus points I'm supposed to be getting. On paper it's a great card, but my reality hasn't matched the supposed plan for the card.
Think it depends how much money you intend to keep laying around, or at least what your average balances are at any rate.
In my case assuming my business gets going I'm going to have enough in retained earnings that I could simply max out the BOFA relationship bit in an investment account and get 2.625% CB on their travel rewards card which smokes the Spark longer term and the earlier breakpoints might get to 2% quickly too for that matter if you're talking dropping 20k to start.
For specific spend though it's hard to go wrong with some of the recommendations made earlier.
