Best Personal Credit Cards for Small Business Owners: Chase vs. AmEx vs. Capital One

Personal credit cards are fantastic for startup companies which may not be qualified for a business credit card. They are also a fantastic alternative for established small business owners who want to divide their business and personal expenses while making flexible rewards. The most effective personal credit cards for small business owners include offers from Chase, American Express and Capital One.

Personal credit cards are typically require a minimum personal credit rating of 650+. NAV offers a free personal credit rating check as well as 2 free small business credit rating summaries. Visit NAV to find out if you may qualify for the personal credit card that you desire.

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Best Personal Credit Cards for Business Owners

Personal credit cards may cover business costs like working capital expenditures and equipment purchases. These cards are great for startups because they may be easier to qualify for or provide more flexible rewards than business credit cards. Business owners who don’t need to commingle their business and personal expenses can also use a personal credit card.

Finest Personal Credit Cards for Business Owners — Summary

Personal Credit Card for Company Owners	Key Statistics	Apply
Chase Sapphire Preferred	50k intro bonus factors, 2x ongoing points, 16.99percent – 23.99percent APR	Visit Chase
American Express Blue Cash Preferred	$250 intro announcement charge, 1% – 6% continuing cash back, 13.99% – 24.99% APR	Visit American Express
Capital One Venture Rewards	40k intro bonus miles, 2x ongoing miles, 13.99% – 23.99% APR	Visit Capital One
Citi Double Cash	No intro benefits, 2 percent complete cash back, 14.49% – 24.49percent APR	See CitiBank

1. Chase Sapphire Preferred Credit Card

The Chase Sapphire Preferred credit card is useful for startups who need either money back or benefits and business owners who want money back on personal expenditures. The card provides up to 2x points each dollars spent on the card, redeemable at a $0.01 rate or for travel expenses. The card’s rates that start at 16.99%.

Chase Sapphire Preferred Costs, Terms, & Qualifications

The Chase Sapphire Preferred credit card has no yearly fee for the first year and costs $99 per year afterwards. APR prices are typically between 16.99% — 23.99%, depending on your personal credit score. There is no introductory APR offer. The card also has a 25.99% payday loan APR and balance transfer charges at 5%.

While there is no intro APR offer, the Chase Sapphire Preferred credit card provides 50k bonus points if you spend $4k in the initial 3 weeks of opening the card. This is equal to a $625 redemption speed when you redeem the things via Chase Ultimate Rewards. The card also provides an ongoing wages rate between 1x-2x points each dollar spent.

Especially, you earn 2x points for many dining and travel expenses and 1x points for all other purchases. There are no caps on the amount of points you can earn. All of these things, both introductory and ongoing, can be redeemed through Chase Ultimate Rewards for money, airline expenses, or other travel costs like hotel stays.

The Chase Sapphire Preferred credit card typically needs a personal credit score of 690+ for eligibility. This will make a tricky credit check on your personal credit report. If you do not know your personal credit score you’ll be able to check it out for free here. Your free score test will also have two free summary reports of your company credit score.

Where to Get the Chase Sapphire Preferred Credit Card

It’s possible to find the Chase Sapphire Preferred credit card online through the Chase website. The program will typically ask you for your personal credit rating as well as information about your current income and job status. It can take less than 24 hours to get approval and 7 — 10 business days to get your card.

Visit Chase

2. American Express Blue Cash Preferred Credit Card

The American Express Blue Cash Preferred credit card offers cash back rewards that are great for business owners that invest private money on supermarket food and gasoline. It’s also ideal for startups that have 1+ worker vehicles and/or supply food for their workers. The card offers 0% intro APR and continuing rates that begin at 13.99%.

American Express Blue Cash Preferred Costs, Requirements, & Qualification

The American Express Blue Cash Preferred credit card has a $95 annual fee for every year that the card is available. But, there’s an introductory APR rate of 0% for the first 12 months on all purchases and balance transfers. The ongoing APR rate is generally between 13.99% — 24.99% with a cash advance speed of 26.24%.

The card offers a $150 introductory statement credit should you spend at least $1k in purchases over the first 3 months. The charge is generally received within 30 — 60 days after the 3 months is up. The American Express Blue Cash Preferred credit card also offers ongoing money back between 1 percent — 6%. Specifically, the ongoing rewards are structured as follows:

6% — Supermarket buys (up to $6k per year)
3% — Gas channel purchases (around $6k per year)
1 percent — All other purchases

After the $6k limit is struck on either supermarket or gas station purchases, the wages rate drops to 1x point per dollar spent. Cash back is obtained in the form of rewards dollars 30 — 60 days following the credit card invoice is paid. These rewards dollars can be redeemed for statement credits, gift cards, and product at a 1:1 ratio.

Ordinarily, a company owner will need a personal credit rating of 690+ if he or she expects to qualify for one of their very best personal charge cards. If you don’t know your personal credit rating you’ll be able to check it for free here. Your free personal score test will also give you two free summary reports of your company credit score based on your business credit report.

Where to Get the American Express Blue Cash Preferred Credit Card

You can apply for the American Express Blue Cash Preferred credit card online through the American Express application portal. It takes minutes to apply and you ought to see if you are eligible for under 24 hours. It normally takes between 7 — 10 business days for your card.

Visit American Express

3. Capital One Venture Rewards Credit Card

The Capital One Venture Rewards credit card gives rewards points in the kind of airline miles. These miles can be redeemed for airline tickets as well as for other travel-related expenses. This makes the card perfect for startups and established business owners who travel both nationally and globally. APR rates start as low as 13.99%.

Capital One Venture Rewards Prices, Terms, & Qualifications

The Capital One Venture Rewards credit card does not have an yearly fee the first year and has a $59 fee for every year afterwards. Ongoing APR rates are typically between 13.99% — 23.99% based on the company owner’s personal credit score. The card includes a cash advance rate of 23.99% and no overseas transaction fees.

You can receive 40k bonus miles if you invest more than $3k over the initial 3 months. This is equal to $400 in traveling. The card also offers 2x continuing rewards miles for each dollar spent without any limitations or class restrictions. Miles can be redeemed using a statement charge for airline tickets, hotel stays, rental cars, and more.

Like the 2 cards over, the Capital One Venture Rewards credit card typically needs a personal credit rating of 690+ for acceptance. If you do not already know your own personal credit score you’ll be able to check it out for free here. You’ll also get two free small business credit score summary reports, which can help you better understand scores found on the D&B charge file, amongst others.

Where to Have the Capital One Venture Rewards Credit Card

The Capital One Venture Rewards credit card, such as the 2 cards can be found right on the Capital One site. The program asks for basic questions you should have answers for and you’re able to get approved in 24 hours or less. The card usually takes 7 — 10 days to arrive.

See CitiBank

Personal Credit Cards for Business Owners

Personal Credit Card for Business Owners	Crucial Information
Chase Sapphire Preferred	50k intro bonus points, 2x ongoing points, 16.99% – 23.99% APR
American Express Blue Cash Preferred	$250 intro statement credit, 1% – 6% ongoing cash back, 13.99% – 24.99% APR
Capital One Venture Rewards	40k intro bonus miles, 2x ongoing mph, 13.99percent – 23.99percent APR
Citi Double Cash	No intro benefits, 2% total cash back, 14.49% – 24.49percent APR
Barclays Ring Mastercard	0% intro APR for 15 months, Variable 13.99% ongoing APR, No rewards
Chase Freedom Card	$150 intro statement charge, 1% continuing cash back 15.99% – 24.74% ongoing APR
Discover it Card	Matches money back for 1st year, 1 percent continuing cash back, 11.99% – 23.99% ongoing APR
Citi Simplicity Card	0 percent 21-month intro APR, 14.49percent – 24.49% ongoing APR, No advantages
Wells Fargo Cash Wise	$200 intro money rewards, 1.5% continuing cash back, 13.99% – 25.99% ongoing APR

Bottom Line

Overall, private credit cards for business owners are great for startups businesses. Additionally, it is perfect for established small business owners that wish to earn rewards on private expenses. Just make sure that if you’re using an individual card to your business that you use one of the best personal credit cards available.

Personal credit cards typically require a minimal personal credit score of 650+. NAV offers a free personal credit score test as well as 2 free business credit rating summaries. Visit NAV to see if you may qualify for the personal credit card that you desire.

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