6 Must Have Business Credit Cards For 2023 | Summary and Q&A

TL;DR

The best business credit cards in 2021 offer high welcome bonuses and benefits, with top contenders including Chase Ink Unlimited, Chase Ink Business Cash, Chase Ink Business Preferred, Chase Ink Business Premiere, and American Express Business Platinum.

Key Insights

• 💳 Business credit card welcome bonuses are currently at their highest in history, indicating a competitive market.
• 💳 Chase Inc. offers a strong lineup of business credit cards, with the Chase Ink Unlimited being a standout option due to its high welcome bonus, no annual fee, and valuable benefits.
• 💳 The American Express Business Platinum card provides exceptional benefits, such as substantial welcome bonuses, travel and technology credits, and access to exclusive programs.
• 💯 Credit scores of around 700 are typically recommended for approval, but there have been instances of approval with lower scores.
• 👨‍💼 The Chase Ink Business Cash card offers attractive cash back rates in categories like office supplies, internet, cable, and phone services, making it a suitable choice for business owners in those industries.
• 😥 The Chase Ink Business Preferred card appeals to business owners who spend heavily on advertising, shipping, and travel, as it provides significant points earning in those categories.
• ✋ The Chase Ink Business Premiere card offers a high welcome bonus and cash back on all purchases, making it a viable option for business owners with substantial expenses.

Transcript

right now for the first time in the history of business credit card at welcome bonus offers we are currently seeing the highest offers to exist take as an example where back in 2015 the chase in cash card offered only 300 cash back after spending three thousand dollars in three months a few years later the offer was 750 cash back after spending sev... Read More

Questions & Answers

Q: Why are business credit card welcome bonuses at an all-time high?

Business credit card welcome bonuses have increased over time, likely due to competition among credit card issuers and the desire to attract new customers. Offering higher bonuses can incentivize business owners to choose a specific card.

Q: Is it worth getting multiple Chase business credit cards for the welcome bonuses?

Getting multiple Chase business credit cards can be beneficial, especially if you can meet the minimum spend requirements. By accumulating points from multiple cards, you can maximize the value of your rewards and potentially receive over $3,800 in cash back.

Q: What are the advantages of the Chase Ink Unlimited card?

The Chase Ink Unlimited card offers 1.5% cash back on all purchases, no annual fee, and a high welcome bonus of $900 cash back or 90,000 Ultimate Rewards points. It also provides zero percent intro APR for 12 months, fraud protection, extended warranty protection, and other valuable benefits.

Q: Is the American Express Business Platinum card worth the high annual fee?

The American Express Business Platinum card offers extensive benefits, including a 120,000 membership reward points welcome bonus, 5x points on flights and prepaid hotels, airport lounge access, and various statement credits. While the $695 annual fee is high, the card's perks can outweigh the cost for frequent business travelers.

Summary & Key Takeaways

• Business credit cards are currently offering the highest welcome bonuses in history, with the trajectory showing even higher offers over time.

• Chase Inc. offers a range of great business credit cards with generous welcome bonuses and perks, including the Chase Ink Unlimited and Chase Ink Business Cash.

• American Express also has a standout option with the American Express Business Platinum card, offering extensive benefits and a high welcome bonus.