chase business credit card no personal guarantee

It's wonderful how eager a good profit, but re - orders mean a steady income year orable business quickly learned. No investment required. every family. Costco Anywhere Visa® Business Card by Citi Plus, no annual fee with your paid Costco membership.1 Cash back will be provided as an annual credit card. For airline transfers, Chase has fewer partners than other credit card programs. There is no annual fee, but just as with Chase's no annual fee personal.

Chase business credit card no personal guarantee -

Welcome to TD Bank Personal Banking

Community means family.

I think that's what it's turned into.

I'm going to cry.

I don't know why.

Alright, your turn to talk.

Hey everybody.

Sam from Bonn Place Brewing Company here, and this is my wife.

I'm Gina.

Bethlehem is one of the greatest steel towns in America.

When manufacturing had a downturn Bethlehem had to reinvent itself.

When I first met Sam and Gina, they had this dream that they wanted to accomplish.

When we first signed our lease on this building, people were questioning it, like "you sure you want to open a brewery on the south side of Bethlehem in the current climate?"

We were certain that it was ready for what we wanted to do.

We needed a bit of help to get this place opened...and everybody needs help.

When anybody ever comes to us and says, "We need help. What can we do? We don't know how to get through this red tape."

We say, "This is what we did. This might help you."

We even went to City Hall for someone once.

This is the community we can change.

What we can change is right here and right now.

Sam and Gina are very passionate about working with women entrepreneurs.

It's hard to start a business.

One thing Sam and Gina have been able to achieve is share the lessons they've learned with other business owners and convince them, "hey, it actually is possible."

We want to see businesses succeed with the opportunities that we've had.

So what better way than to mentor them.

We're all in this together, and it's the bigger picture.

Bonn Place is a catalyst for the regrowth of this community.

They're also now helping other young entrepreneurs get started.

Sam and Gina sat down with us and gave us tips and tricks of what to do to get started.

We had this idea.

And they believe in us.

How much they're committed to the growth of Bethlehem as a whole.

That's the real story.

[Applause]

They are the last two people who would want this bestowed upon them, but they are the most deserving.

So we all want to gather here today and say thank you, because we value everything that you put into Bethlehem.

There's a little bit more.

So, the contribution we made to a female entrepreneurship program, in your name.

We're absolutely thrilled.

Next year, with this gift, we're going to be able to serve even more women entrepreneurs.

The integrity of this community is real strong.

This is just the beginning.

Источник: https://www.td.com/us/en/personal-banking/

Simplify expenses and earn rewards with Chase business credit cards

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

If you're a business owner looking to simplify employee spending and earn rewards on expenses, opening a small business credit card is a great idea.

Credit cards geared toward business owners provide spend management tools, rewards on common business purchases, travel insurance and more benefits to make operating a company easier.

Chase offers three business credit cards with similar names — Ink Business Unlimited® Credit Card, Ink Business Cash® Credit Card and Ink Business Preferred® Credit Card — that offer cash back or points on all business spending. (Chase also offers co-branded business cards with United and Southwest that may be a fit for frequent fliers, but we're focusing on the Ink cards for this review.)

Since it can be confusing to separate the key features of each card, CNBC Select did the work for you. Below, we compare the Ink Business Cash card, Unlimited card and Preferred card, so you can choose the best business card for your needs.

Chase Ink Business cards

Chase business credit card comparison

Annual fee $0 $0 $95
Rewards1.5% cash back rewards on every purchase5% cash back in select business categories3X points on travel and other select business categories
Intro APR0% intro APR for 12 months from account opening on purchases0% intro APR for 12 months from account opening on purchasesNone
Regular APR13.24%–19.24% variable13.24%–19.24% variable15.99% - 20.99% variable
Foreign transaction fee3%3%None

Best for travel

Ink Business Preferred® Credit Card

  • Rewards

    Earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines), 1X point per $1 on all other purchases

  • Welcome bonus

    Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening

  • Annual fee

    $95

  • Intro APR

    None

  • Regular APR

    15.99% to 20.99% variable

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    None

  • Credit needed

    Good/Excellent

Terms apply.

The Ink Business Preferred Credit Card provides generous travel rewards and benefits that can make business trips more affordable. You and your employees can earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (then 1X).

Eligible categories include: travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines. All other purchases earn 1X point per dollar.

In addition to a rewards program, you can benefit from a generous welcome bonus: Earn 100,000 bonus points after you spend $15,000 on purchases in the first three months from account opening.

An outstanding perk offered by this card is the 25% more value points receive if redeemed for travel via Chase Ultimate Rewards®. So the 100,000 bonus would be worth $1,250 toward airfare or hotels through the Chase Ultimate Rewards® portal.

You also have the option to transfer points on a 1:1 rate to leading frequent travel programs, such as JetBlue and Hyatt. This card also has no foreign transaction fees, making it ideal for business trips outside the U.S.

The Ink Business Preferred card does have a $95 annual fee, but you can offset it by spending $3,167 annually on combined 3X rewards categories.

Best for cash back

Ink Business Cash® Credit Card

  • Rewards

    Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year (then 1%); 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year (then 1%); 1% cash back on all other purchases

  • Welcome bonus

    Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months after account opening

  • Annual fee

    $0

  • Intro APR

    0% for the first 12 months from account opening on purchases; N/A for balance transfers

  • Regular APR

    13.24% to 19.24% variable

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    3%

  • Credit needed

    Good/Excellent

Terms apply.

If you would rather earn cash back instead of points, the Ink Business Cash credit card offers a competitive program. Cardholders earn the following cash-back rates:

  • 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year (then 1%)
  • 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year (then 1%)
  • 1% cash back on all other purchases

The welcome bonus can put $750 back in your pocket after you spend $7,500 on purchases in the first three months after account opening.

Cash back can be used to offset the cost of your bill or for gift cards. You can also redeem rewards for travel through Chase Ultimate Rewards®, just like the Ink Business Preferred card, but won't receive 25% more value.

Cardholders can also benefit from a 0% APR for the first 12 months from account opening on purchases (then 13.24% to 19.24% variable APR). This can help pay for new business expenses over time.

The Ink Business Cash card has no annual fee, saving you the $95 cost of the Ink Business Preferred card, but it does have a 3% foreign transaction fee. You should use an alternative card for travel abroad to save money.

Best for special financing

Ink Business Unlimited® Credit Card

  • Rewards

    Earn 1.5% cash back on every purchase made for your business

  • Welcome bonus

    Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months after account opening

  • Annual fee

    $0

  • Intro APR

    0% for the first 12 months from account opening on purchases; N/A for balance transfers

  • Regular APR

    13.24% to 19.24% variable

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    3%

  • Credit needed

    Good/Excellent

Terms apply.

Start-up costs and large business purchases can be hard to pay for within the standard 21-day credit card grace period. But if you use the Ink Business Unlimited credit card, you can pay off new purchases over time with no interest charges for the first 12 months from account opening (then 13.24% to 19.24% variable APR).

This is a great way to finance new furniture, laptops or other high-cost expenses. Granted, you'll need to pay it off before the intro period ends to benefit from no interest charges.

In addition to special financing, you can earn 1.5% cash back on every purchase made for your business and $750 bonus cash back after you spend $7,500 on purchases in the first three months after account opening.

Cash back can be redeemed for a statement credit, gift card or travel through Chase Ultimate Rewards®.

The Ink Business Unlimited card also has no annual fee like the Ink Business Cash card, but it comes with a 3% foreign transaction fee, making it a costly choice for travel outside the U.S.

Benefits offered by all Chase Ink Business cards

Chase Ink Business credit cards come with standard benefits and security that provide added value to cardholders. Here's a breakdown of the perks:

  • Free employee cards
  • Cell phone protection
  • Auto rental collision damage waiver
  • Trip cancellation and trip interruption insurance
  • Purchase protection
  • Extended warranty protection

Learn more:How to apply for a business credit card

Not a business owner? Check out CNBC Select's list of the Best Chase Credit Cards.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Источник: https://www.cnbc.com/select/chase-ink-business-cards/

23 Best Small Business Credit Cards – Reviews & Comparison

Small business credit cards are increasingly popular business financing options, particularly for entrepreneurs who don’t qualify for traditional business loans and don’t have access to networks filled with deep-pocketed family members, friends, and colleagues. No matter what your business does, a credit card can probably help – as long as you use credit wisely and avoid making purchases your company can’t afford.

Small business credit cards typically have higher spending limits and more generous rewards programs than consumer cards. Some have additional benefits, such as low APRs, attractive balance transfer promotions, personalized concierge service, and fringe benefits. However, many also come with annual fees and require good or excellent credit to qualify.

The Basics of Small Business Credit Cards: What to Know

Keep in mind that qualifying for business credit cards is a bit different from qualifying for consumer credit cards. Some issuers simply require you to submit a valid Social Security number and affirm in writing that you’ll use the card exclusively for business purposes.

Such laid-back issuers welcome freelancers and solopreneurs – basically, anyone who files a Schedule C at tax time, including people who don’t really think of themselves as business owners.

Some issuers are more strict. They request a federal employer identification number (EIN), seek evidence of incorporation, or ask for financial statements. If you can’t prove that you actually own an incorporated business with legitimate cash flow, you won’t qualify.

Also, remember that business credit cards are exempt from some of the protections of the CARD Act, including the requirement that card issuers regularly notify cardholders of changes in terms and conditions. The following small business credit cards offer a favorable mix of advantages and drawbacks for business owners with strong credit.

The Best Small Business Credit Cards Right Now

Without further ado, these are the best small business credit cards on the market right now. They include a mix of low-interest credit cards, travel rewards credit cards, cash back credit cards, and general-purpose rewards cards.

1. Chase Ink Business Unlimited® Credit Card

$750 Sign-up Bonus; Unlimited 1.5% Cash Back on All Eligible Purchases

Ink Business Unlimited Card Art 7 30 21

The Chase Ink Business Unlimited® Credit Card is an annual-fee-free business credit card that echoes the Chase Freedom Unlimited® Credit Card, a consumer credit card that also earns unlimited 1.5% cash back.

Ink Business Unlimited accrues cash back via Ultimate Rewards points, which can be redeemed for cash, gift cards, travel purchase, and general merchandise.

Additional perks include a generous sign-up bonus – worth $750 after you spend $7,500 in purchases within 3 months – and a 12-month, 0% APR promotion on purchases. The latter is a rarity among small business credit cards.

  • Sign-up Bonus: Earn $750 bonus cash after you spend $7,500 in purchases within 3 months after account opening.
  • Key Fees: This card has no annual fee and no employee card fees. The foreign transaction fee is 3%.
  • Introductory APR: 0% APR on purchases for 12 months from account opening.
  • Regular APR: Once the promotional period ends, the regular APR ranges between 13.24% to 19.24% variable, depending on your personal creditworthiness and prevailing interest rates.
  • Other Perks: Value-added benefits include complimentary auto rental insurance when you pay for your rental in full with your card, purchase protection on covered items for 120 days up to $10,000 per claim, and a 1-year extended warranty on items with existing eligible warranties of 3 years or less.

See our Chase Ink Business Unlimited Card Review for more information. Learn more about this card and find out how to apply here.

Apply Now


2. Chase Ink Business Cash® Credit Card

$750 Sign-up Bonus; 5% Cash Back on Communications & at Office Supply Stores; 2% Cash Back at Gas Stations & Restaurants

Ink Business Cash Card Art 7 30 21

The Chase Ink Business Cash® Credit Card is a popular business credit card with a generous cash back rewards program, solid sign-up bonus, and reasonable APR. It holds down the Ink stable with the Chase Ink Business Preferred and Unlimited Cards (see below and above), both of which offer different (but no less rewarding) opportunities for frequent spenders.

This card has a nice sign-up bonus. After you spend at least $7,500 within 3 months of opening your account, you get $750 bonus cash back.

The ongoing rewards program is great too:

  • From day one, you earn 5% cash back for office supply store and communications purchases (including Internet, TV, landline, and cell phone services), up to $25,000 per year.
  • You earn 2% cash back on gas station and restaurant purchases, up to $25,000 per year. After reaching the $25,000 cap, you earn unlimited 1% cash back on these spending categories.
  • All other purchases earn 1% unlimited cash back as well.

Redeem accumulated cash back for statement credits or direct deposits starting at $20, airfare booked through Chase’s Ultimate Rewards portal (which offers the opportunity to boost your cash back by 20%, turning $500 in cash back into $625 in travel purchases), gift cards, and Amazon purchases. Redemptions start at $20.

  • Sign-up Bonus: Earn $750 bonus cash back when you spend at least $7,500 within 3 months of signing up.
  • Key Fees: There’s no annual fee. Foreign transactions cost 3% of the total transaction amount.
  • Introductory APR: 0% on purchases for 12 months.
  • Regular APR: Following the conclusion of the introductory period, the regular purchase APR is 13.24% to 19.24% variable, depending on your personal creditworthiness and prevailing interest rates. The cash advance APR is 24.99% variable.
  • Other Perks: Chase’s Purchase Protection plan covers new purchases against damage or theft for 120 days, up to $10,000 per claim and $50,000 total per account. The Extended Warranty plan offers complimentary extended warranty protection for an additional 12 months on warranties originally set to expire after three years or less.

See our Chase Ink Business Cash Card Review for more information. Find out how to apply for this card here.

Apply Now


3. Chase Ink Business Preferred® Credit Card

100,000-Point Sign-up Bonus; 3x Points on Travel, Shipping, Telecommunications & Advertising

Ink Business Preferred Card Art 7 30 21

The Chase Ink Business Preferred® Credit Card is a longtime favorite of Chase small business card users. Though it has a $95 annual fee that’s not waived in the first year, you get what you pay for with:

  • A generous rewards program that favors travel and everyday business purchases.
  • An attractive points transfer feature that lets you swap your Chase Ultimate Rewards points for other companies’ loyalty currency at a 1-to-1 ratio.
  • Perhaps best of all, a massive sign-up bonus worth up to $1,250 in free travel.

When you spend at least $15,000 within 3 months of opening your account, you get 100,000 bonus Ultimate Rewards points. That’s worth $1,000 when redeemed for cash, and $1,250 when redeemed for travel (thanks to Chase’s 25% bonus on all travel redemptions). If you travel a lot for business, that’s hard to resist.

This card’s regular rewards program is equally impressive. The 3x tier is unusually generous: cardholders get 3 points per $1 spent on travel, shipping purchases, telecommunications purchases (such as Internet, cable, mobile phone bills), and advertising, up to $150,000 in combined spending across those categories in each account anniversary year. All other purchases earn unlimited 1 point per $1 spent.

Redemption options include cash, travel, gift cards, Amazon.com purchases, general merchandise, and much more. And cardholders can increase the value and flexibility of their earned points by transferring them at a 1-to-1 ratio to popular travel loyalty programs such as British Airways Executive Club, Southwest Airlines Rapid Rewards, United MileagePlus, Marriott Rewards, and IHG Rewards Club.

  • Sign-up Bonus: Earn 100,000 Ultimate Rewards points, worth up to $1,250 on travel and $1,000 in cash, when you spend at least $15,000 within three months of account opening.
  • Key Fees: There’s a $95 annual fee, but no foreign transaction fee.
  • Introductory APR: There’s no introductory APR promotion.
  • Regular APR: From the day you open your account, the regular APR is 15.99% to 20.99% variable, depending on your personal creditworthiness and prevailing interest rates. The cash advance APR is 24.99% variable.
  • Other Perks: This card comes with a slew of value-added benefits, including a cell phone protection plan (up to $600) when you pay your cell phone bill in full with your card; complimentary loss and damage coverage on rental cars paid in full with this card; purchase protection for up to 120 days; extended warranties on purchased items with existing manufacturers’ warranties; and trip cancellation and interruption insurance worth up to $5,000 per incident.

See our Chase Ink Business Preferred Card Review for more information. Learn more about this card and find out how to apply here.

Apply Now


4. American Express Blue Business Cash™ Card

2% Cash Back on the First $50,000 in Eligible Purchases

American Express Blue Business Cash Card

The American Express Blue Business Cash™ Card is a popular American Express credit card with a generous 0% APR introductory promotion (12 months), solid cash rewards program, and relatively low fees.

All eligible purchases made with this card earn 2% cash back, up to $50,000 per year. Purchases over the $50,000 annual spending cap earn 1% cash back. Cash back automatically comes as a statement credit on the second statement after it’s earned. Terms and conditions apply – see rates and fees.

  • Welcome Offer: Earn a $250 statement credit after you make $3,000 in eligible purchases on your new card in the first 3 months.
  • Key Fees: There’s no annual fee, but foreign transactions cost 2.7%, and late and returned payments cost up to $39.
  • Introductory APR: 0% APR for 12 months from account opening on purchases. For rates and fees of the American Express Blue Business Cash™ Card, please visit this rates and fees page.
  • Regular APR: Following the end of the introductory period, variable regular APR applies: 13.24% to 19.24% variable, depending on your personal creditworthiness and prevailing interest rates. See rates and fees for more details.
  • Terms and Conditions Apply: See rates and fees

See our American Express Blue Business Cash Card Review for more information. Find out how to apply for this card here.

For rates and fees of the American Express Blue Business Cash™ Card, please visit this rates and fees page.

Apply Now


5. The Business Platinum Card® from American Express

Enjoy a Fantastic Welcome Offer and 5x Points on Airfare & Hotels Booked Through Amex Travel

Amex Business Platinum Card Art 7 1 21

The Business Platinum Card® from American Express is a popular business card that comes with a generous welcome offer and lavish perks that compensate for a hefty annual fee of $595 ($695 if your application is received on or after Jan. 13, 2022). (For rates and fees of the Business Platinum Card® from American Express, please visit this rates and fees page.)

This card’s top perks include:

  • A $200 statement credit for purchases made with an airline of your choice (enrollment required)
  • Complimentary access to more than 1,300 airport lounges worldwide through the American Express Global Lounge Collection (enrollment required)
  • Free WiFi at more than 1 million Boingo hotspots worldwide
  • Reimbursement for TSA Precheck application fees (up to $100)
  • A 35% bonus when using Membership Rewards® points to book travel with your selected qualifying airline, up to 500,000 bonus Membership Rewards® points each calendar year

The Business Platinum Card from American Express has a points-based rewards system and a fantastic welcome offer: 120,000 Membership Rewards points after you spend at least $15,000 on eligible purchases in the first 3 months.

Moving forward, airfare and prepaid hotel purchases booked through American Express Travel earn 5 points per $1 spent. Purchases in key business spending categories and all other purchases greater than $5,000 earn 1.5 points per $1 spent (cap applies). All other purchases earn an 1 point per $1.

Redeem accumulated points for gift cards, online shopping, travel purchases, statement credits, and more. Redemption minimums start at 1,000 points. Point values vary by redemption method, but rarely exceed $0.01 – for instance, statement credits value points at $0.006 apiece, while gift cards value points at $0.01 apiece. Terms and conditions apply – see the full list of rates and fees.

  • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend at least $15,000 in eligible purchases within 3 months of opening your account.
  • Key Fees: There’s a $595 annual fee ($695 if your application is received on or after Jan. 13, 2022), but no foreign transaction fee. Late payments cost up to $39 or 2.99% of the outstanding balance, and returned payments cost up to $39. For rates and fees of the the Business Platinum Card® from American Express, please visit this rates and fees page.
  • Introductory APR: 0% introductory APR for 12 months from account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% APR, depending on your creditworthiness and other factors as determined at time of account opening. Terms apply.
  • Other Perks: Notable benefits for small business owners include up to $400 in annual purchase credits (statement credits) for U.S. purchases with Dell (terms apply and enrollment is required).

See our American Express Business Platinum Card Review for more information. Find out how to apply for this card here.

For rates and fees of the Business Platinum Card® from American Express, please visit this rates and fees page.

Apply Now


6. American Express® Business Gold Card

4x Points in Your 2 Top-Spending Categories Each Year; 25% Point Bonus on Airline Purchases Paid With Redeemed Points

American Express Business Gold Card

The American Express® Business Gold Card is another American Express card with a rather high annual fee, a solid rewards program, a nice welcome offer, and attractive membership perks.

For starters, you’ll earn 4 points per $1 on the first $150,000 in annual purchases in the 2 categories where your business spent the most that year. Categories include:

  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media
  • U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
  • U.S. purchases at gas stations
  • U.S. purchases at restaurants
  • U.S. shipping purchases

All other purchases, including purchases made in your 2 favored categories above the $150,000 annual spending cap, earn 1 point per $1 spent. Keep in mind that the categories account for U.S. purchases only, with the exception of airlines.

You can redeem your points for gift cards, travel purchases, online merchandise, and more through American Express’s Membership Rewards portal. Redemptions start at 1,000 points, and points are worth between $0.005 and $0.01 when redeemed.

There’s no preset spending limit on this card, though failure to pay your balance can lead to restrictions. No preset spending limit means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history. Terms and conditions apply – rates and fees.

  • Welcome Offer: Earn 70,000 bonus Membership Rewards points when you spend at least $10,000 in eligible purchases with your American Express Business Gold Card within the first 3 months of membership.
  • Key Fees: There’s a $295 annual fee and no foreign transaction fees. Late payments cost $39 or 2.99% of the late balance, and returned payments cost up to $39.
  • Introductory APR: There is no introductory APR. For rates and fees of the American Express® Business Gold Card, please visit this rates and fees page.
  • APR: The regular variable APR ranges from 14.24% to 22.24%, depending on your creditworthiness and other factors. See this rates and fees page for more.
  • Other Perks:  When you use points to book certain airline travel through Amex Travel, you’ll get 25% points back as a bonus.

See our American Express® Business Gold Card Review for more information. Find out how to apply for this card here.

For rates and fees of the American Express® Business Gold Card, please visit this rates and fees page.

Apply Now


7. The Blue Business® Plus Credit Card from American Express

2X Membership Rewards® Points on up to $50,000 in Purchases per Year

Amex Blue Business Plus Card Art 6 3 21

The Blue Business® Plus Credit Card from American Express is a popular business card with a nice rewards program and a long 0% APR introductory promotion.

This card rewards you for conducting business as usual. You earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. The 2X rate applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.

Redeem accumulated points for gift cards, online merchandise purchases, travel purchases, and more through American Express’s Membership Rewards® portal. Points are typically worth $0.005 to $0.01 when redeemed, and redemption minimums start at 5,000 points. Terms and conditions apply – see the full list of rates and fees.

  • Welcome Offer: Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of card membership.
  • Key Fees: There’s no annual fee. Foreign transactions cost 2.7% and balance transfers cost $5 or 3%. Late and returned payments cost up to $39.
  • Introductory APR: 0% APR on purchases for 12 months from account opening date. Then variable regular APR applies, based on your creditworthiness and other factors. For rates and fees of the Blue Business® Plus Credit Card from American Express, please visit this rates and fees page.
  • Regular APR: Following the end of the introductory period, the variable regular APR for purchases currently rises to 13.24% to 19.24% variable, depending on prevailing interest rates and your personal creditworthiness. Please visit this rates and fees page for more detail.
  • Terms and Conditions Apply: See rates and fees

See our American Express Blue Business® Plus Card Review for more information. Find out how to apply for this card here.

For rates and fees of the Blue Business® Plus Credit Card from American Express, please visit this rates and fees page.

Apply Now


8. U.S. Bank Triple Cash Rewards World Elite™ Mastercard®

Up to 3% Cash Back on Eligible Purchases & 0% APR for 15 Billing Cycles on Purchases & Balance Transfers

U.s. Bank Business Triple Cash Card Art 8 2 21

The U.S. Bank Triple Cash Rewards World Elite™ Mastercard® is an excellent business cash back credit card that earns up to 3% cash back on eligible net gas station, office supply store, restaurant, and cell phone or service provider purchases and 1% cash back on all other eligible purchases. An unusually long 0% APR introductory promotion on purchases and balance transfers doesn’t hurt either.

  • Sign-up Bonus: For a limited time, earn $500 bonus cash back after spending $4,500 in eligible purchases during the first 150 days your account is open.
  • Key Fees: There is no annual fee or fee for additional employee cards. The foreign transaction fee is 3% of the transaction amount.
  • Introductory APR: 0% APR on balance transfers and purchases for the first 15 billing cycles your account is open, then variable regular APR applies, currently 13.99% to 22.99%.
  • Other Perks: This card comes with a standard lineup of World Elite Mastercard protections and benefits, plus other useful perks like an annual credit worth $100 against eligible recurring software subscriptions.
  • Terms and Conditions Apply: see rates & fees

Learn more about this card and find out how to apply here.

Learn More


9. Divvy

No Fees & Employee Cards for All

Divvy Card

Divvy is a scalable business line of credit with no fees and a flexible rewards program that pays you back for the purchases you need to make every day.

The Divvy difference starts with a nontraditional underwriting process that considers cash supply, not just business credit. That’s valuable for newer businesses with ample cash on hand.

Divvy also offers employee cards with customizable spend controls and analytics, plus unlimited virtual cards for digital purchases. And Divvy regularly reports payment behavior, helping you build business credit with responsible use.

  • Key Fees: Divvy charges no account fees, period.
  • Introductory APR: None.
  • Other Perks: Divvy works with a rotating group of corporate partners to deliver exclusive, limited-time offers to its clients. Plus, its regular rewards program is as flexible as the credit line itself — ensuring you’re rewarded for the purchases most important to your business.

Apply Now


10. Ramp

Great Account Opening Bonus Upon Approval

Physical Flat Tight (1)

Ramp is a totally free corporate card built to simplify and strengthen your company’s finances. With a novel underwriting process that can produce limits 10 to 20 times higher than traditional business credit cards’ and no founder guarantee required, it’s a fantastic choice for organizations poised for growth.

Unlimited virtual and physical cards for employees and 1.5% cash back on every purchase (no exceptions) can’t hurt either.

  • Sign-up Bonus: $250 Amazon gift card to businesses that are approved and pay their first statement of $1,000 or more.
  • Key Fees: There’s no annual fee.
  • Introductory APR: None.
  • Other Perks: Enjoy a slew of business-friendly perks and capabilities: unlimited virtual and physical cards to help you keep track of spending across your organization, automated receipt collection and matching, integrations with top third-party accounting providers like QuickBooks and Xero, more than $175,000 in partner benefits, and much more.

Apply Now


11. The Brex Mastercard Corporate Credit Card for Startups

Flexible Rewards That Fit Your Business Spending

Brex Card Image

The Brex Mastercard Corporate Credit Card for Startups is a super-generous corporate rewards credit card with virtually no fees. Unlike most other business credit cards, it requires no personal guarantee (even for small business users) and promises a credit limit 10 times your current corporate card’s.

The catch: Your statement balance is automatically paid in full on a net 30 basis, so you can’t carry balances from month to month.

There’s more. When you agree to make Brex for Startups your primary credit card, you gain access to a fantastic rewards program that offers:

  • 7 points per $1 spent on rideshare purchases, including Uber, Lyft, taxi, and scooter rides
  • 4 points per $1 spent on flights, hotels, and Airbnb stays booked with Brex Travel
  • 3 points per $1 spent on all eligible restaurant purchases
  • 2 points per $1 spent on recurring software purchases
  • 1 point per $1 spent on all other eligible purchases

Beyond its rewards program, this card’s benefits include a virtual card (ideal for online transactions) and partner offers cumulatively worth thousands. Partner vendors include Google Ads, Zendesk, and AWS.

  • Sign-up Bonus: Brex offers a slew of partner offers for new cardholders, including up to $100,000 in Amazon Web Services credits (depending on company funding), 50% off on all annual Dropbox Business Standard subscriptions, and a three-month discounted starter package (including one month free) for DoorDash’s DashPass food delivery subscription service. See terms for details.
  • Key Fees: The only regular fee is a $5-per-month charge per card for extra employee cards after the first 5 cards.
  • Introductory APR: N/A
  • Regular APR: N/A
  • Other Perks: Value-added benefits include a receipt capture feature that integrates directly with your statement, employee management tools, and an expense management platform that provides greater visibility into spending by employees and the primary cardholder.

Learn more about this card and find out how to apply here.

Apply Now


12. Capital One Spark Cash Plus

Big Early Spend Bonus; Unlimited 2% Cash Back on All Purchases

Capital One Spark Cash Select Card Art 8 17 21

Capital One Spark Cash Plus is a business cash back card with an excellent early spend bonus and a generous rewards program that treats all purchases the same. From the outset, all purchases earn unlimited 2% cash back, with no caps or restrictions.

Once you’ve racked up some cash back, you can redeem it in any amount for checks or general statement credits. Spend at least $200,000 in a year and you’ll earn a $200 cash bonus.

  • Early Spend Bonus: Earn up to $1,000 bonus cash. First, earn $500 bonus cash once you spend at least $5,000 in eligible purchases within 3 months of account opening. Then, earn $500 bonus cash (additional) once you spend at least $50,000 within 6 months of account opening.
  • Key Fees: There’s a $150 annual fee but no foreign transaction fees. 
  • Other Perks: Get a customized, itemized quarterly spending report with your statement four times per year.

See ourCapital One Spark Cash Plus Card Review for more information. Learn more about this card and find out how to applyhere.

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13. Capital One® Spark® Miles for Business

Big Early Spend Bonus; 2 Miles Per $1 Spent on All Purchases

Capital One Spark Miles Card Art 8 17 21

Capital One Spark Miles for Business has a $95 annual fee after the first year, a solid travel rewards program, and a very attractive early spend bonus worth 50,000 bonus miles (a $500 value at redemption).

Moving forward, all purchases earn an unlimited 2 miles per $1 spent, with no spending caps or categories. Accumulated miles can be redeemed for statement credits or direct purchases (through Capital One) on a wide range of travel-related items, including airfare and hotel stays, at a rate of $0.01 per mile.

You can also transfer your miles to more than 15 leading travel programs.

  • Early Spend Bonus: Earn 50,000 bonus miles when you spend at least $4,500 during the first 3 months of account opening. This bonus is worth $500 when redeemed for statement credits against travel purchases.
  • Key Fees: The $95 annual fee is waived for the first year. There’s no balance transfer fee or foreign transaction fee.
  • Introductory APR: There’s no intro APR.
  • Other Perks: Capital One’s emergency assistance program reimburses you for trips and reservations that need to be canceled due to illness, accidents, and other uncontrollable events.

See ourCapital One Spark Miles for Business Review for more information. Learn more about this card and find out how to apply here.

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14. CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

65,000 Bonus Miles After Spending $4,000 in Eligible Purchases Within the First 4 Months

Citibusiness Aa Platinum Select Card Art

The CitiBusiness® / AAdvantage® Platinum Select® Mastercard® is a fantastic spending aid for frequent American Airlines flyers (and anyone who flies with American’s alliance partners). Its rewards program promises 2 AAdvantage miles per $1 spent on American Airlines purchases, plus 2 miles per $1 spent on purchases in four business spending categories:

  • Telecommunications (including cell phones and plans)
  • Cable and satellite providers
  • Gas stations
  • Car rental merchants

All other purchases earn an unlimited 1 mile per $1 spent.

This card has an excellent sign-up bonus that should more than cover the mileage cost of a round-trip main cabin award flight anywhere in the United States. Don’t miss the companion certificate offer, a nice perk for heavy spenders, and the multitude of in-flight benefits.

  • Sign-up Bonus: Earn 65,000 bonus AAdvantage miles after spending $4,000 in eligible purchases within the first 4 months your account is open.
  • Key Fees: The annual fee is $99 after the first year. There’s no foreign transaction fee.
  • Introductory APR: None.
  • Other Perks: Enjoy a companion certificate (good for one round-trip main cabin domestic airfare) after spending $30,000 or more in purchases in a cardmembership year. Plus, get priority boarding, 25% off in-flight WiFi, and a free checked bag for yourself and up to four ticketed traveling companions on American Airlines flights.

See our CitiBusiness / AAdvantage Platinum Select  Mastercard Review for more information. Learn more about this card and find out how to apply here.

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15. Marriott Bonvoy Business™ American Express® Card

Fantastic Welcome Offer; 6 Marriott Bonvoy Points per $1 Spent at Participating Marriott Bonvoy Hotels

American Express Marriott Bonvoy Business Card

The Marriott Bonvoy Business™ American Express® Card is the business version of the Marriott Bonvoy Brilliant American Express Card. The two cards have similar fees, terms, rewards programs, and fringe benefits.

Eligible purchases at participating Marriott Bonvoy hotels earn 6 points per $1 spent. Eligible purchases made at U.S. restaurants, U.S. gas stations, on wireless telecom purchases made directly with U.S. providers, and U.S. shipping purchases earn 4 points per $1 spent. All other eligible purchases earn 2 points per $1 spent.

You can redeem accumulated Bonvoy points for free nights at participating Marriott Bonvoy hotels. All cardholders in good standing enjoy complimentary Marriott Bonvoy Silver Elite status and one free night award every year after your account anniversary at participating Marriott Bonvoy hotels with redemption levels at or under 35,000 points per night.

Plus, when you make $35,000 or more in eligible purchases on your card in a calendar year, you’re upgraded to Gold Elite Status. And, when you make at least $60,000 in eligible purchases on your card in a calendar year, you receive an additional award night at participating hotels with redemption levels at or under 35,000 points per night.

All told, Bonvoy Business is a great card for business owners who regularly travel. Terms and conditions apply – see rates and fees.

  • Welcome Offer: Earn 75,000 Marriott Bonvoy bonus points after you use your new card to make $3,000 in eligible purchases within the first 3 months. Plus, earn up to $150 back in statement credits on eligible purchases made with your new card during the first 3 months. 
  • Key Fees: The card’s annual fee is $125. There are no foreign transaction fees. Cash advances cost the greater of $5 or 3%. Late and returned payments cost up to $39. For rates and fees of the Marriott Bonvoy Business™ American Express® Card, please visit this rates and fees page.
  • Introductory APR: None. Variable APR applies from day one.
  • Regular APR: The variable regular APR ranges from 15.74% to 24.74%, depending on creditworthiness and other factors. For rates and fees of the Marriott Bonvoy Business™ American Express® Card, please visit this rates and fees page.
  • Other Perks: Enjoy free in-room premium WiFi, complimentary Silver Elite Status, upgrade to Gold Elite Status with $35,000 in eligible purchases on your card in a calendar year, 1 free award night each year after your cardmember anniversary, and an additional free award night after you spend at least $60,000 in purchases in a calendar year (redemption level at or below 35,000 points for both award nights).

See our Marriott Bonvoy Business™ American Express® Card Review for more information. Find out how to apply for this card here.

For rates and fees of the Marriott Bonvoy Business™ American Express® Card, please visit this rates and fees page.

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16. World of Hyatt Business Credit Card

Earn 9 points Total per $1 Spent at Hyatt

Hyatt Business Card Art 10 7 21

The World of Hyatt Business Credit Card is the small-business companion to the consumer-focused World of Hyatt Credit Card. It’s great for Hyatt loyalists who frequently stay at participating properties in the chain’s 1,000-strong network.

World of Hyatt Business has a generous rewards program:

  • Earn 9 points total per $1 spent on eligible purchases at Hyatt properties: 4 bonus points per $1 spent and 5 base points as a World of Hyatt member.
  • Earn 2 bonus points per $1 spent in your top 3 spend categories each quarter through Dec. 31, 2022, then your top 2 categories each quarter.
  • Earn 2 bonus points per $1 spent on fitness club and gym memberships.
  • Earn 1 bonus point per $1 spent on all other eligible purchases.

And for new cardholders, the hefty sign-up bonus is not to be missed.

  • Sign-up Bonus: Earn 75,000 bonus points after you spend at least $7,500 on purchases in your first 3 months of account opening.
  • Key Fees: The annual fee is $199. There’s no foreign transaction fee.
  • Other Perks: Enjoy up to $100 in Hyatt statement credits each year — spend at least $50 at any Hyatt property and get a $50 statement credit, up to 2 times per anniversary year. Plus, get 5 Tier-Qualifying Night credits and Milestone rewards for every $10,000 you spend in a calendar year. And enjoy complimentary World of Hyatt Discoverist status for as long as your account remains open and i good standing.

Find out how to apply for this card here.

Apply Now


17. Delta SkyMiles® Reserve Business American Express Card

Up to 60,000 Bonus MQMs Yearly and Generous Delta Perks

Delta Reserve Business Card Art 8 26 20

The Delta SkyMiles® Reserve Business American Express Card is a super-premium business travel card designed for frequent Delta flyers who like to travel in style.

This card comes in this far down our list primarily because of its hefty annual fee and its limited appeal outside the frequent Delta flyer club. (For rates and fees of the Delta SkyMiles® Reserve Business American Express Card, please visit this rates and fees page.) But if your business travel habits, lifestyle, and budget allow, it’s hard to see why you wouldn’t want to have this card in your wallet.

Big spenders make out especially well with this card. Spend $30,000 in eligible purchases in a calendar year and you’ll get 15,000 bonus Medallion Qualification Miles (MQMs) with Status Boost, up to 4 times per year (for a total potential haul of 60,000 bonus MQMs).

And, when you spend at least $25,000 in eligible purchases in a calendar year, you’ll qualify for the Medallion Qualification Dollar (MQD) waiver, making it even easier to ascend the Medallion status ranks and earn coveted Delta perks.

Delta SkyMiles Reserve Business earns 3 SkyMiles per $1 spent on eligible Delta purchases. But, given the Medallion status benefits and other generous perks, such as complimentary access to the Centurion Lounge or the Escape Lounge – The Centurion Studio Partner when you purchase a Delta flight with your SkyMiles Reserve Business card (enrollment required), the regular rewards rate is almost beside the point.

Medallion status is pretty complicated. If you’re new to the ranks of Delta frequent flyers, check out this primer on the Delta Medallion program. Terms and limitations apply: see rates & fees.

  • Welcome Offer: Earn 60,000 bonus SkyMiles, 10,000 bonus Medallion Qualification Miles (MQMs), and a $100 statement credit after you spend $4,000 on eligible purchases with your new card within 3 months.
  • Key Fees: The annual fee is $550. There is no foreign transaction fee. Cash advances cost the greater of $5 or 3%. Late and returned payments cost up to $39. For rates and fees of the Delta SkyMiles® Reserve Business American Express Card, please visit this rates and fees page.
  • Regular APR: The regular APR ranges from 15.74% to 24.74% variable, depending on prevailing rates and your personal creditworthiness. Please visit this rates and fees page for more information.
  • Other Perks: Enjoy complimentary Delta Sky Club membership and complimentary access to the Centurion Lounge or the Escape Lounge – The Centurion Studio Partner when you purchase a Delta flight with your SkyMiles Reserve Business card (enrollment required); one complimentary companion certificate (including on some first-class fares) each year; main cabin priority boarding; discounted Sky Club access for up to two traveling companions; 20% off in-flight Delta purchases; and a slew of other perks and benefits. Plus, throughout 2021, you’ll earn an additional 3,750 MQMs after making $30,000 in purchases (up to four times), in addition to the 15,000 MQMs that you’d earn with Status Boost.

See our Delta SkyMiles Reserve Business Card Review for more information. Find out how to apply for this card here.

For rates and fees of the Delta SkyMiles® Reserve Business American Express Card, please visit this rates and fees page.

Apply Now


18. Delta SkyMiles® Platinum Business American Express Card

Generous Welcome Offer & Complimentary Companion Certificate Each Year When You Renew Your Card

Delta Skymiles Business Platinum Card Art 10 29 20

The Delta SkyMiles® Platinum Business American Express Card is the grown-up cousin of the Delta SkyMiles Gold Business American Express Card.

If you’re a seasoned Delta business traveler who likes to fly in comfort, this is the card for you. Its consumer counterpart is the Delta SkyMiles Platinum American Express Card.

With this card, eligible Delta purchases earn 3 SkyMiles per $1 spent, as do eligible purchases made directly with hotels. All other eligible purchases earn 1 SkyMile per $1 spent, and purchases over $5,000 earn 1.5 SkyMiles per $1 spent, up to 50,000 additional miles.

When you spend at least $25,000 in a calendar year, you get 10,000 bonus Medallion Qualification Miles (MQMs) with Status Boost, which count toward Delta’s coveted Medallion status program. Spend $50,000 in a calendar year to earn an additional 10,000 bonus MQMs. You need at least 25,000 MQMs to ascend to Silver Medallion status, Delta’s lowest status tier.

You can redeem your SkyMiles for Delta airfare purchases, starting at 10,000 miles per short-haul domestic one-way or 5,000 miles when you use the Pay With Miles feature, at a typical rate of $0.01 to $0.02 per mile (always $0.01 per mile with Pay With Miles). Redemption terms are subject to change at Delta’s sole discretion. Terms and conditions apply – see rates and fees.

  • Welcome Offer: Earn 60,000 bonus SkyMiles, 5,000 bonus Medallion Qualification Miles (MQMs), and a $100 statement credit after spending at least $3,000 in eligible purchases with your new card in the first 3 months of card membership.
  • Key Fees: There is a $250 annual fee. Cash advances cost the greater of $5 or 3%. Late and returned payments cost up to $39. For rates and fees of the Delta SkyMiles® Platinum Business American Express Card, please visit this rates and fees page.
  • Regular APR: The regular purchase APR ranges from 15.74% to 24.74% variable, depending on your creditworthiness and other factors. For more information, please visit this rates and fees page.
  • Other Perks: This card comes with some nice perks, including Main Cabin 1 priority boarding on Delta flights and a Domestic Main Cabin round-trip companion certificate each year upon renewal of your card account. Plus, throughout 2021, you’ll earn an additional 2,500 MQMs after making $25,000 in purchases (up to twice), in
    addition to the 10,000 MQMs that you’d earn with Status Boost.

See our Delta SkyMiles® Platinum Business American Express Card Review for more information. Find out how to apply for this card here.

For rates and fees of the Delta SkyMiles® Platinum Business American Express Card, please visit this rates and fees page. 

Apply Now


19. Delta SkyMiles® Gold Business American Express Card

Generous Welcome Offer; 2 SkyMiles Per $1 Spent on Delta Airfare & Select Other Purchases

Delta Skymiles Business Gold Card Art 10 29 20

If you regularly fly with Delta for business, you need to take a closer look at the Delta SkyMiles® Gold Business American Express Card. If your Delta travel is typically reserved for personal escapes, check out the consumer version of this card.

All eligible Delta airfare purchases, and select other eligible Delta purchases, earn 2 SkyMiles per $1 spent when you pay with this card. There’s no limit to how many SkyMiles you can earn. Certain other purchases also earn 2 SkyMiles per $1 spent:

  • U.S. advertising in select media
  • U.S. shipping
  • Dining in select restaurants

All other eligible purchases earn 1 SkyMile per $1 spent.

You can redeem your SkyMiles for Delta airfare purchases. Check Delta’s award chart for updated redemption requirements. Miles are typically worth $0.01 to $0.02 apiece at redemption, depending on the route and underlying dollar cost of the award fare.

If you don’t have enough miles to redeem in full for an award flight, Delta’s Pay With Miles feature lets you combine miles and cash for discounted airfare at a flat rate of $0.01 per mile. You need at least 5,000 SkyMiles to use Pay With Miles. Terms and conditions apply – see rates and fees.

  • Welcome Offer: Earn 50,000 bonus Delta SkyMiles and a $50 statement credit after spending $2,000 in purchases with your new card in the first 3 months.
  • Key Fees: The $99 annual fee is waived during the first year. There’s no foreign transaction fee. Late and returned payment fees range up to $39. Cash advances cost the greater of $5 or 3%. For rates and fees of the Gold Delta SkyMiles® Business Credit Card from American Express, please visit this rates and fees page.
  • Regular APR: The regular APR ranges from 15.74% to 24.74% variable, depending on prevailing rates and your personal creditworthiness. For more information, please visit this rates and fees page.
  • Other Perks: Delta perks include priority boarding and one free checked bag for the cardholder.

See our Delta SkyMiles Gold SkyMiles Business Card Review for more information. Find out how to apply for this card here.

For rates and fees of the Delta SkyMiles® Gold Business Credit Card from American Express, please visit this rates and fees page.

Apply Now


20. Hilton Honors American Express Business Card

Earn Up to 180,000 Bonus Points As a New Cardmember; Automatic Complimentary Gold Status

Hilton Honors Amex Card Art 2 6 20

The Hilton Honors American Express Business Card is a fantastic choice for Hilton loyalists who regularly stay at the hospitality family’s hotels and resorts while traveling on business.

The rewards program is reason enough to apply:

  • All eligible purchases made directly with hotels and resorts in the Hilton portfolio earn 12 Hilton Honors points per $1 spent, a truly impressive earning rate (though Hilton’s points aren’t as valuable as some other hospitality loyalty programs’).
  • Select business purchases earn 6 Honors points per $1 spent. Categories include purchases at gas stations, wireless communications purchases made directly with providers, and U.S. purchases of shipping.
  • Select partner travel purchases, including flights booked directly with airlines or Amex Travel and car rental purchases made directly with car rental companies, also earn 6 points per $1 spent.
  • U.S. restaurant purchases earn 6 points per $1 spent as well.
  • All other eligible purchases earn 3 points per $1 spent.

All cardholders in good standing enjoy complimentary Hilton Honors Gold status, whose benefits include an 80% bonus on all base point earnings and complimentary room upgrades where available. Terms apply.

When you spend $40,000 on eligible purchases with your card in a calendar year, you’ll earn Hilton Honors Diamond status through the end of the following calendar year. Terms apply.

  • Welcome Offer: Earn up to 180,000 Hilton Honors bonus points as a new cardmember. First, earn 130,000 Honors points after you spend $2,000 on your card within 3 months of account opening. Second, you can earn an additional 50,000 bonus points after you spend a total of $10,000 on your card within the first 6 months your account is open. Terms apply.
  • Key Fees: The annual fee is $95. There is no foreign transaction fee. Cash advances cost the greater of $5 or 3%. Late and returned payments cost up to $39.
  • Introductory APR: None.
  • Regular APR: The variable regular APR for purchases ranges from 15.74% to 24.74% APR, depending on prevailing interest rates and your personal creditworthiness. For rates and fees of the Hilton Honors American Express Business Card, please visit this rates and fees page.
  • Other Perks: Earn complimentary Hilton Honors Gold status as long as your account remains open and in good standing and upgrade to Diamond status after $40,000 in eligible purchases in a calendar year. Enjoy one free weekend night reward after you spend $15,000 on your card in a calendar year and another weekend night reward when you spend an additional $45,000 on your card in the same calendar year ($60,000 total annual spend). Get 10 complimentary airport lounge visits at participating lounges with Priority Pass Select (enrollment required). Terms apply.

See our Hilton Honors American Express Business Card Review for more information. Find out how to apply for this card here.

For rates and fees of the Hilton Honors American Express Business Card, please visit this rates and fees page.

Apply Now


21. Capital One® Spark® Cash Select for Business – $500 Bonus

$500 Early Spend Bonus; 1.5% Cash Back on All Purchases

Capital One Spark Cash Select Card Art 8 17 21

Capital One Spark Cash Select for Business – $500 Bonus is very similar toCapital One Spark Miles Select. Rates and fees are basically identical, with the main difference being a cash-based (not miles-based) rewards program.

When you sign up and spend at least $4,500 within the first 3 months of membership, you get $500 bonus cash. From day one, all purchases earn an unlimited 1.5% cash back, with no caps or restrictions. You can redeem accumulated cash back for general statement credits or mailed checks in any amount.

  • Early Spend Bonus: Earn $500 bonus cash when you spend at least $4,500 within three months of account opening.
  • Key Fees: There’s no annual fee, balance transfer fee, or foreign transaction fee.
  • Introductory APR: None.
  • Other Perks: This card also comes with Capital One’s customized, itemized quarterly spending reports.

See ourCapital One Spark Cash Select Business Card Review for more information. Learn more about this card and find out how to apply here.

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22. Capital One® Spark® Cash Select for Business – 0% APR for 12 Months

0% APR on Purchases for 12 Months From Account Opening; 1.5% Cash Back on All Purchases

Capital One Spark Cash Select Card Art 8 17 21

Capital One® Spark® Cash Select for Business – 0% APR for 12 Months is the “other” Spark Cash Select card. Instead of a juicy early spend bonus for new cardholders, it offers one of the best introductory APR promotions of any business credit card: 0% APR for 12 months from account opening. 

That’s not all, of course. The same great cash back rate (unlimited 1.5% cash back on all eligible purchases) applies from the start. Redeem accumulated cash back for your choice of statement credits or mailed checks.

  • Early Spend Bonus: None.
  • Key Fees: There’s no annual fee, balance transfer fee, or foreign transaction fee.
  • Introductory APR: Enjoy 0% APR on purchases for 12 months from account opening. Then, variable regular APR applies.
  • Other Perks: This card comes with a host of value-adds for small business owners, like quarterly spending reports.

See ourCapital One Spark Cash Select Business Card Review for more information. Learn more about this card and find out how to apply here.

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23. The Plum Card® from American Express

60-Day Interest-Free Payment Period; 1.5% Discount for Early Payment

American Express Business Plum Card
Источник: https://www.moneycrashers.com/best-small-business-credit-cards/

10 Best Business Credit Cards

Lindsey McGee Headshot

Lindsey McGee

Business Advice

As America moves towards becoming a cashless society, credit cards are at the center of attention when it comes to financials. Whether you own a multi-million dollar firm, or you’re a freelancer working alone, having a business credit card is an excellent way to manage your business expenses, and get rewards for your business purchases. In this guide, we’ll cover what you need to know about how business credit cards work, how they differ from personal cards, and how to apply for a business credit card. Then we’ll take you through the best credit cards of 2019.

Which cards made our Top 10? Here they are:

  • Chase Ink Business Preferred

  • Capital One Spark Cash for Business

  • Chase Ink Business Cash Credit Card

  • The Business Platinum® Card from American Express

  • Capital One® Spark® Miles for Business

  • SimplyCash® Plus Business Credit Card from American Express

  • American Express® Business Gold Card

  • Marriott Bonvoy Business™ American Express® Card

  • The Hilton Honors American Express Business Card

  • Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

What is a Business Credit Card?

A business credit card is a line of credit given to an established business, intended for use on company expenditures. They are used to help your company build its own credit history, manage your business cashflow, and separate business expenses from personal purchases. Additionally, business credit cards can be used like mini business loans when you need to make a purchase and pay it off slowly, making it easy to get capital for your company without having to go to the bank.

Business Credit Card vs. Personal Credit Card

But how do business credit cards work? In many ways, business credit cards and personal cards act the same way. Businesses can accept all credit cards, and credit card processing works the same way when it comes to making a purchase. Like personal cards, business credit cards can affect your personal credit score, even though they are only used for business expenses.

However, business credit cards come with additional strings attached, including better perks, but also more stringent requirements. Here are a few key differences between a personal credit card, and a business credit card:

  • Business credit cards usually have a much higher credit limit than personal cards

  • Business owners can use the same account for many employee cards, in addition to their own business credit card. However, the owner is solely responsible for payments across all cards on the account.

  • Business credit cards aren’t shielded by consumer protection laws, which means that late fees and penalties from issuers are much higher than those associated with personal cards

  • Business credit cards offer special perks and discounts specifically for business owners.


Does your business already accept card payments? Check out the SumUp Card Reader!

Simply get paid with the SumUp Card Reader by taking debit, credit and contactless payments. Pay only 2.65%. No monthly fees. No minimums. Ever.

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How to Choose the Best Small Business Credit Card for Your Brand

There are a plethora of business credit cards available on the market, and with so many choices, finding the perfect card for your business can be overwhelming. The questions below will help you understand what types of cards are best for you, and help you compare different cards.

  • Do you travel? If you travel a lot for business, choose a card with rewards that reward you for all those hours on the road. Even better, if you prefer a certain airline or hotel brand, see if they have a card that meets your needs!

  • What do you spend money on? Different cards offer rewards in different categories. Before choosing a card, take some time to evaluate what kinds of purchases you make the most, and look for rewards programs that offer increased points or cash back in those categories.

  • How “Big” is your business? Do you spend hundreds of thousands of dollars per year on business expenses, or are your credit statements smaller? Can you handle a large annual fee? Depending on your business’s size, different cards perks will be the most beneficial for you.

  • What is your business’s credit score? Different cards will have different requirements for approval, and for cards that accept them, lower credit scores may result in significantly higher APR. Be careful not to apply to credit card issuers that won’t approve you; it’s a waste of your valuable time, and can hurt your credit score even more.

How to Apply for a Business Credit Card

Once you’ve figured out which business credit card is the best option for your business, you’ll need to fill out an application, just like you would for a personal card. You can do this on any credit card provider website, after choosing the card you’d like! Here’s what you’ll need for your business credit card application:

  • Information about your business, including your address, business type, industry, number of employees, annual revenue, etc.. Be prepared to answer any questions a credit issuer might have about your business, and always answer truthfully.

  • Your Federal Employee Identification Number (Tax ID number). If you don’t have this on hand, you can retrieve your number from the IRS. If you are a sole-proprietor with no employees, you can use your social security number instead of your tax ID.

  • Personal information, including your social security number, date of birth, address and existing loans & credit cards.

  • A personal guarantee. This varies from issuer to issuer, but many credit card companies will require you to take full personal responsibility for your credit balance. That means that if your company is unable to pay its credit card bill, the bank has permission to come after your personal assets.

Our Picks for Best Business Credit Cards

1. Chase Ink® Business Preferred

Best For: Travel Rewards, Overall Rewards

Welcome Bonus: 80,000 point points after you spend at least $5,000 in the first 3 months

Rewards: 3x points for travel and business expenses up to $150,000, unlimited 1x points for all other purchases

Annual Fee: $95.00

APR: 18.24% - 23.24%

The Chase Ink Business Preferred car has one of the most impressive signup bonuses on our list, valued at approximately $800 in statement credits or $1,000 towards travel purchases. This Chase business credit card also features primary rental car insurance and cell phone insurance that covers up to $600 when you use the card to pay for your business phone. With no foreign transaction fees, unlimited 1x points on all purchases and no penalty for trip cancellation or changes, if you travel significantly for work, this card is our top pick for your business.

Click here to apply.

2. Capital One® Spark® Cash for Business

Best For: Cashback

Welcome Bonus: Get $500 when you spend at least $4,500 in the first 3 months

Rewards: Unlimited 2% cash back on all purchases, plus free additional employee cards

Annual Fee: $0 for the first year, $95 for subsequent years

APR: 19.24% variable

If you like getting straight cash instead of reward points that you have to track and redeem, the Capital One Spark Cash for Business card is the best credit card for your business. The 2% cashback reward has no upper limit, and you can choose to receive your cash as either a statement credit or a check. For professionals who travel, another benefit of the Spark Cash card is zero foreign transaction fees! This card’s reasonable introductory bonus, paired with the simple rewards structure makes this the ideal choice for businesses who want something straightforward and effective.

Click here to apply.

3. Chase Ink® Business Cash Credit Card

Best For: Cashback, Chase Customers

Welcome Bonus: Get $500 cashback when you spend $3,000 in the first 3 months

Rewards: 5-2-1 tiered percent cashback

Annual Fee: $0

APR: 12-month 0% APR on transfers and new purchases, 15.49% - 21.49% variable after 12 months

The tiered cashback system on the Ink card lets you earn 5% back on office supplies, phone, internet, and cable services up to $25,000, and 2% back on restaurants and gas purchases, also up to $25,000. The remaining cashback is at 1% with no upper limit. One fantastic aspect of this card is the ability to transfer your rewards to your Ink Preferred or Sapphire Preferred account, where they are added to your Ultimate Rewards account. With Ultimate Rewards, each point is worth 25% more, and can be used for different reward options, or transferred to a Chase travel partner. If you’re looking for flexible rewards and a solid cashback system, or already own another Chase business credit card, the Ink Business Cash Credit Card is perfect for you.

Click here to apply.

4. The Business Platinum® Card from American Express®

Best For: Travel Rewards

Welcome Bonus: Get 50,000 points if you spend at least $10,000 in the first 3 months, and an additional 25,000 points if you spend another $10,000 also within the first 3 months. This reward is valued at $1,000.

Rewards: 5x points on air travel and prepaid hotels booked through AmEx, 1.5x points on individual purchases for more than $5,000, and 1x points on all other purchases

Annual Fee: $595

APR: 0% unless you sign up for Pay Over Time (variable 19.99%)

Despite the Business Platinum Card’s high annual fee, if you travel significantly for business and are planning to use this card to make large purchases this credit card is easily worth the cost. In addition to a hefty welcome bonus and high point value for hotel and airfare purchases, you can also redeem your points for airline seats, and enjoy a 35% rebate on your purchase. Similarly to other travel cards, the Business Platinum card has no foreign transaction fees and also gives you upgraded Hilton Honors and Starwood Preferred Guest Gold status. For business owners who like to pay their bills on time in full, the 0% APR is yet another perk of this top credit card.

Click here to apply.

5. Capital One® Spark® Miles for Business

Best For: Travel Miles Rewards

Welcome Bonus: 50,000 miles, valued at $500, when you spend at least $4,500 in the first 3 months

Rewards: Unlimited 2x miles per dollar on all purchases. Free employee cards.

Annual Fee: $0 for the first year, $95 for subsequent years

APR: 19.24% variable

Are you a small business owner who travels, but doesn’t make large purchases, and doesn’t want to pay the high annual fee for The Business Platinum® Card from American Express? The Capital One® Spark® Miles for Business credit card offers a solid alternative with an attractive opening bonus and double miles on every dollar spent. Your miles never expire and can be used for any type of travel, including flights with Capital One’s 14 airline partners. There’s also no foreign transaction fee, and reimbursement for trips that are canceled due to uncontrollable circumstances, such as illness or weather.

Click here to apply.

6. SimplyCash® Plus Business Credit Card from American Express®

Best For: No Annual Fee

Welcome Bonus: None

Rewards: 5% cashback up to $50,000 per year in select business categories, plus 3% cashback up to $50,000 per year in one category of your choice. 1% cashback on all other purchases.

Annual Fee: $0

APR: 0% for 15 months, then 14.49% to 21.49% variable

The name of this card tells you exactly what you need to know; the SimplyCash card is a fantastic option for small business owners who enjoy cashback and don’t want to deal with an annual fee. The tiered cashback structure also offers flexibility by allowing you to choose your 3% category, making it easy to benefit from the purchases you make most. A lengthy introductory period with 0% APR benefits businesses with large upcoming expenses, who may need time to pay down the balance, and purchase protection provides reimbursements for lost, stolen or damaged items within 90 days of purchase. One downside of this credit card is the 2.7% foreign transaction fee, so this would not be the ideal card for you if your business makes large purchases overseas.

Click here to apply.

7. American Express® Business Gold Card

Best For: Flexible Rewards

Welcome Bonus: 35,000 points when you spend $5,000 on purchases within 3 months

Rewards: 4x points in the two categories where you spend the most each month, up to $150,000. 1x points on all other purchases. No credit limit.

Annual Fee: $295

APR: None, unless you sign up for the Pay Over Time option, which has a 16.49% to 24.49% variable

If you want more control over your rewards, the American Express® Business Gold Card is the best credit card for your business. In addition to a solid welcome bonus opportunity, the card rewards you for the types of purchases you make the most, instead of locking you into a single category or tiered system. Additionally, the high credit limit on 4x points lets you literally get more bang for your buck. Points can be redeemed for cashback, or used towards several different rewards. Please note that bills must be paid within two billing cycles to avoid risking an account closure or a ding to your credit score; however, the Pay Over Time option offers even more flexibility for large payments, if you choose to sign up for it.

Click here to apply.

8. Marriott Bonvoy Business™ American Express® Card

Best For: Marriott Customers, Travel Rewards

Welcome Bonus: Earn 75,000 points after spending at least $3,000 in the first 3 months

Rewards: 6-4-2 tiered points system for purchases made with the card. 1 Free Night Award per year, plus an additional Free Night if you spend more than $60,000 in a year.

Annual Fee: $125

APR: 17.99% - 26.99% variable

The Bonvoy business credit card is relatively new on the scene, but the perks speak for themselves. Earn 6x points when you stay at a participating Marriott hotel, plus 4x points in select business categories and 2x points for all other purchases. Marriott rewards points can be used for credit statements or direct purchase either at hotels or with partner businesses, including select airlines. In addition to opportunities for two free nights per year, you’ll also be treated like a VIP when you stay at any Marriott hotel with automatic Silver Elite guest status. If you travel for business and prefer Marriott, this is the card you’ve been looking for.

Click here to apply.

9. The Hilton Honors American Express® Business Card

Best For: Travel Rewards, Hilton Customers

Welcome Bonus: 125,000 points after spending at least $3,000 in the first 3 months.

Rewards: 12x points on purchases at Hilton resorts and hotels, 3x rewards on all other purchases

Annual Fee: $95

APR: 17.99% - 26.99% variable

Like the Bonvoy card from Marriott, this card is geared towards customers who already spend time at Hilton hotels. Compared to the Bonvoy card, the Hilton Honors American Express Business Card offers a lower annual fee and more opportunities for a free stay each year. The sign-on bonus for this card is especially attractive, as it can be used for up to 20 free nights at a participating Hilton hotel. Cardholders also enjoy benefits such as free room upgrades, no foreign transaction fees, 1 free night for spending more than $15,000 and $60,000, respectively, and Hilton Honors Gold guest status.

Click here to apply.

10. Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

Best For: Travel Rewards with No Annual Fee

Welcome Bonus: 25,000 points when you spend at least $1,000 in the first 60 days, valued at $250

Rewards: 3x points on all travel purchases booked through the Bank of America® Travel Center, 1.5x points on all other purchases

Annual Fee: $0

APR: 0% for the first 9 billing cycles, then 13.49% - 23.49% variable

This business credit card is ideal for small business owners who want a robust set of rewards with no annual fee and a lower variable APR. In addition to the appealing signup bonus, the card also offers triple points on travel purchases; rewards can be redeemed through statement credits, direct purchases or cashback, and other perks include travel coverages and overdraft protection. There are also no foreign transaction fees with the Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card.

Click here to apply.

Finding the Perfect Business Credit Card

Choosing a credit card can take some time, but with this list, you’ve got a head start on some of 2019’s top choices. When looking at credit card options, remember to evaluate each one carefully, and only apply to cards you truly want, and are likely to get approved for. Just like any other business purchase, a business credit card is an investment, so the more you know, the better.

Loved this article? To learn more about business finance, check out our posts on payments using biometric data and credit card processing fees.

Источник: https://sumup.com/business-guide/10-best-business-credit-cards/
American bank". Encyclopedia Britannica. Retrieved February 10, 2020.
  • ^McCreary, Matthew (August 14, 2018). "How Andrew Carnegie Went From $1.20 a Week to $309 Billion ... Then Gave It All Away". Entrepreneur. Retrieved February 10, 2020.
  • ^Wile, Rob. "The True Story Of The Time JP Morgan Saved America From Default By Using An Obscure Coin Loophole". Business Insider. Retrieved February 10, 2020.
  • ^
  • Источник: https://en.wikipedia.org/wiki/JPMorgan_Chase

    Can You Get Business Credit Cards with Only an EIN?

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    If you've got less-than-perfect personal credit history or don't have a social security number, an EIN-only card may be the best solution. Here's what you need to know.

    We are committed to sharing unbiased reviews. Some of the links on our site are from our partners who compensate us. Read our editorial guidelines and advertising disclosure.

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    Last Updated: several months ago

    The recently funded Paycheck Protection Program offers small businesses a way to meet payroll needs with financial aid from the government. This aid is only being provided through the SBA and its authorized lenders. And businesses can receive a loan of up to $10 million to help cover payroll.

    To access this loan, you’ll have to complete an application with an authorized lender that consists of a two-page form in addition to required documentation. If you qualify, you’ll be loaned 250% of your average monthly payroll in 2019.

    You may also qualify to have the loan forgiven if no employees are compensated above $100,000 and at least 75% of the money goes to paying workers. If you can’t obtain forgiveness, the loan must be repaid in two years at a 0.5% interest rate after six initial months of interest deferment.

    If you think your business would benefit, apply at a Paycheck Protection Program authorized lender.

    If you’re trying to apply for a credit card or a business loan, there’s no way around it: your credit score is going to be a factor in whether or not you get approved. So what do you do if you have bad credit? Or if you don’t have a social security number? Is it possible to get approved by credit card companies using just your business’s employer identification number (EIN)?

    The short answer is yes: you can apply for certain business credit cards using just your EIN. EIN-only cards are great for building your business credit, and they’re a huge help when it comes to keeping your personal and business expenses separate. The catch is they typically require cardholders to meet minimum revenue requirements and have more than a year’s worth of business history. In other words, most small businesses don’t qualify.

    Here’s everything you need to know about applying for a business credit card using only your EIN.

    Types of EIN-only business credit cards

    When it comes to EIN-only credit cards, it may pay to think outside the box. Credit card companies are not the only card issuers out there, and lots of other providers offer business cards that don’t require a social security number. Each card offers different ways to earn points, cash in rewards, and pay your balance, so be sure to pick the option that works best for your business needs.

    Corporate cards are almost exclusively reserved for large companies with lots of revenue. Basically, they allow you to use one or more cards to cover your business expenses without signing any personal guarantees—your business is liable for 100% of the credit card debt.

    Corporate cards are almost exclusively reserved for large companies with lots of revenue.

    That said, some credit card companies still ask for personal guarantees on their corporate cards, so be sure to read the fine print. Asking each individual cardholder to sign a personal guarantee may not be a bad thing, especially on employee cards. With this method, your employees would have to submit their credit card expenses to the company every month, and they’d be personally liable for any personal expenses on the card. In other words, it would make it easier to monitor employee card use and weed out anyone who’s abusing their company card privileges.

    But if you’re looking to avoid credit checks on your personal credit score, make sure you’re signing up for a corporate card that doesn’t include a personal guarantee.

    Explore Your Options

    Corporate store credit cards

    Many retail stores offer personal and business cards—and the corporate cards often don’t come with a personal liability requirement.

    Most corporate store credit cards can be used only at the issuing store.

    Corporate store cards offer a lot of in-store perks. For instance, with the Office Depot OfficeMax Business Credit Card, you get a statement credit of $50 on your first purchase of $150 or more. Other cards offer cashback options, points and rewards, and discounts on in-store purchases.

    The downside? Corporate store credit cards have lower credit limits than other EIN-only cards. And in most cases, you can use the card only at the issuing store, so be sure to choose a store where you rack up a lot of business expenses. Or if you’re looking to use your card to pay for office utilities and other operating costs, avoid this type of EIN-only card altogether.

    Explore Your Options

    Prepaid business credit cards

    A prepaid business credit card offers low risk for card issuers, so most credit card companies don’t require a check on your personal credit history when you apply.

    Prepaid business credit cards can help build your business credit history faster, but don't offer points and rewards programs.

    A prepaid business credit card basically acts like a debit card. You make up-front payments on your card, which you can then spend until your money is gone. The difference between a prepaid business credit card and a debit card, though, is a prepaid business credit card can help build your business credit history faster.

    One note, though: most prepaid cards don’t offer points and rewards programs. So don’t expect the airline miles or hotel stays you’d get with other business cards.

    Explore Your Options

    What's different about EIN-only credit cards?

    First, a little refresher on run-of-the-mill business credit cards.

    If you were to sign up for a Chase Ultimate Rewards card, for example, you’d have to provide both your EIN (if you have one) and your social security number. You’d probably also have to sign a personal guarantee in which you agree to be personally liable for your business credit card debt if your business is unable to pay it. From there, the card issuer does a hard check on both your business credit score and your personal credit history.

    EIN-only cards are different because they don’t require you to sign a personal guarantee. With an EIN-only card, your company assumes full responsibility for the debt. And since you’re not personally liable, your personal credit doesn’t play a role in the approval process, and late payments on the card will be reported to only business credit bureaus (not consumer credit bureaus).

    Other than that, there’s not a whole lot of difference between regular small-business credit cards and EIN-only cards. You still have to pay annual fees, foreign transaction fees, and interest rates; and the rewards are pretty comparable as well. You just don’t have to deal with personal liability.

    Pros and cons of EIN-only business credit cards

    Pros

    Pro BulletNo personal liability
    Pro BulletNo negative effects on personal credit score
    Pro BulletNo hard checks on personal credit report

    Cons

    Con BulletStrict requirements for approval
    Con BulletNo positive effects on personal credit score
    Con BulletOnly a few participating credit card issuers

    Explore Your Options

    Small Business Loan Requirements Checklist

    Applying for a small-business loan soon?

    Our free checklist can help you understand what lenders are looking for.

    What do you need to qualify for business credit cards using only an EIN?

    What to do if your business isn't eligible

    Don’t have a million dollars in revenue? You’re in the majority, but that does make it almost impossible to get an EIN-only card.

    So how do you cover the business expenses that your company checking account can’t cover? Here are a few options for business owners with bad (or no) credit.

    Secured credit cards (like the Wells Fargo Business Secured Credit Card) require you to pay an up-front security deposit on your account, which acts as collateral in case you miss your payments. That lowers the risk for card issuers, so you can usually get a secured small-business credit card even if you’ve got a less-than-perfect personal credit score.

    Business charge cards are pretty much exactly like other business credit cards, except they require you to pay your entire balance at the end of each month. That makes them perfect for businesses looking to build business credit but bad for companies that need startup capital. In other words, don’t get this card unless you can afford the large monthly payments needed to cover your charges.

    Small-business credit cards

    If you’re a legal immigrant and don’t have a social security number, don’t count out run-of-the-mill small-business credit cards. Some card issuers accept individual taxpayer identification numbers (ITINs), foreign passports or government-issued IDs, or US student visas instead of social security numbers.

    You may have to apply in person or supply additional bank statements and legal forms to qualify, and the rules vary by provider. But we thought it was worth mentioning in case you’re a small-business owner considering an EIN-only card because you don’t have a social security number.

    Browse hundreds of loan options, custom-tailored to your business and budget needs, from a single, simple platform.

    Find a Loan

    FAQs about business credit cards and EINs

    Can I use my business's EIN on a personal credit card application?

    Look, we all know how sweet those business rewards programs are. And if you’ve got bad personal credit, it may be tempting to substitute your social security number for your EIN and avoid a personal credit check.

    But credit card companies don’t take too kindly to people falsifying their credit card applications, and neither does the government. Using an EIN on a personal credit card application is considered a felony and can lead to fines and even jail time.

    So do yourself a favor: stick with using your EIN on only small-business credit card applications.

    Can an individual apply for a business credit card?

    When it comes to credit cards, a “business” is any venture that generates income. So if you’re an eBay seller, a DoorDash driver, or a freelancer, you can absolutely apply for a business credit card. In fact, some card issuers offer cards with rewards specifically designed for individuals (like the Business Platinum Card from American Express, which offers year-long Premium Global Access to co-working spaces from WeWork).

    Individuals claiming sole proprietorship of their business don’t need an EIN to apply. Instead, credit card companies will use your social security number to check your consumer credit score. Once approved, you can use your business credit card to cover your business expenses and start raking in rewards.

    What's the difference between personal and business credit cards?

    The biggest differences between personal and business credit cards are credit limits and rewards. Card issuers recognize that businesses make and spend more money than individuals, so credit limits are higher. And because there’s more potential for spending, rewards tend to be more lucrative.

    Just look at Chase Ultimate Rewards points. The Chase Sapphire Preferred card offers 60,000 points when you spend $4,000 in the first three months. The Ink Business Preferred card, on the other hand, offers 80,000 points after you spend $5,000 in the first three months—bigger rewards for more spending.

    Another difference to note: business credit cards aren’t subject to the same regulations as personal cards. That means your card issuer can charge more fees on cash advances, foreign transactions, and over-limit spending. They can also change your rates and fees with no notice.

    Why should I use a business credit card instead of a personal credit card?

    Using a business credit card has some distinct advantages.

    • It helps you keep your personal expenses separate from your business finances. That makes tax prep easier.
    • It builds your business credit history. And with a high enough business credit score, you may eventually qualify for an EIN-only card and avoid checks on your personal credit score.
    • Business credit cards have higher credit limits, which makes it easier to get the cash you need to run your business effectively.

    Don't qualify for a business loan? Get a personal loan instead

    EIN-only cards may seem like the ideal way to pay for your business expenses if you have bad personal credit. But because they don’t require a personal guarantee, they pose significant risks to credit card issuers. So unless your business has a million-dollar cash flow, EIN-only cards may not be the best solution for your company.

    Instead, your business may want to take advantage of bad-credit alternatives like prepaid cards, business charge cards, or secured credit cards. Just keep in mind that these options may require up-front payments, lower credit limits, and other adjustments to make your card less of a risk to your issuer.

    Ready to apply? We’ve got everything you need to know about business credit card applications. Boom.

    Disclaimer

    At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

    Courtenay Stevens

    Written by

    Courtenay Stevens

    Courtenay cut her teeth (and occasionally her tongue) on the world of business when she was eight years old, licking envelopes to help her dad mail calendars to his clients. Ever since, she has fostered a passion for entrepreneurship, which makes small business one of her favorite topics to write about. When Courtenay isn’t writing, she enjoys podcasting about pop culture and attempting to keep up with her hellspawn (aka children).

    Read More

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    Источник: https://www.business.org/finance/loans/can-you-get-a-business-credit-card-with-ein-only/

    JPMorgan Chase

    American investment bank

    This article is about the company. For the person, see J. P. Morgan.

    J P Morgan Chase Logo 2008 1.svg
    383 Madison Ave Bear Stearns C R Flickr 1.jpg
    TypePublic

    Traded as

    ISINUS46625H1005
    IndustryFinancial services
    PredecessorsJ.P. Morgan & Co.
    Chase National Bank
    Chemical Bank
    The Manhattan Company
    FoundedDecember 1, 2000; 20 years ago (2000-12-01)
    FoundersJohn Pierpont Morgan
    (J.P. Morgan & Co.)
    John Thompson
    (Chase National Bank)
    Balthazar P. Melick
    (Chemical Bank)
    Aaron Burr
    (The Manhattan Company)
    Headquarters

    New York City, New York

    ,

    U.S.

    Area served

    Worldwide

    Key people

    Jamie Dimon
    (Chairman & CEO)
    Daniel E. Pinto
    (Co-President & COO)
    Gordon A. Smith
    (Co-President & COO)
    ProductsAsset management, banking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management, etc.
    RevenueIncreaseUS$119.54 billion (2020)

    Operating income

    Decrease US$35.40 billion (2020)

    Net income

    Decrease US$29.13 billion (2020)
    AUMIncrease US$2.99 trillion (2020)
    Total assetsIncrease US$3.68 trillion[1] (2021)
    Total equityIncrease US$279.35 billion (2020)

    Number of employees

    Decrease 255,351 (2020)
    DivisionsAsset and Wealth Management, Consumer and Community Banking, Commercial Banking, Corporate and Investment Banking
    SubsidiariesChase Bank
    J.P. Morgan & Co.
    One Equity Partners
    Capital ratioTier 1 15.8% (D31, 2020)
    Websitejpmorganchase.com
    Footnotes / references
    [2][3]

    JPMorgan Chase & Co. is an American multinationalinvestment bank and financial servicesholding company headquartered in New York City. JPMorgan Chase is incorporated in Delaware.[4] As of June 30, 2021, JPMorgan Chase is the largest bank in the United States, the world's largest bank by market capitalization, and the fifth-largest worldwide in terms of total assets, controlling US$3.684 trillion.[5]

    As a "Bulge Bracket" bank, it is a major provider of various investment banking and financial services. As of 2021 it is the largest lender to the fossil fuel metro vnb 83ba in the world.[6] It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo.[7] JPMorgan Chase is considered to be a universal bank and a custodian bank. The J.P. Morgan brand is used by the investment banking, asset management, private banking, private wealth management, and treasury services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. Both the retail and commercial bank and the bank's corporate headquarters are currently located at 383 Madison Avenue in Midtown Manhattan, New York City, since the prior headquarters building directly across the street, 270 Park Avenue, was demolished and a larger replacement headquarters is being built on the same site.[8] It is considered a systemically important bank by the Financial Stability Board.

    The current company was originally known as Chemical Bank, which acquired Chase Manhattan and assumed that company's name. The present company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.[8]

    History[edit]

    The JPMorgan Chase logo prior to the 2008 rebranding
    As of June 2008, the JPMorgan logo used for the company's Investment Banking, Asset Management, and Treasury & Securities Services units.[9]

    JPMorgan Chase, in its current structure, is the result of the combination of several large U.S. banking companies since 1996, including Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns and Washington Mutual. Going back further, its predecessors include major banking firms among which are Chemical Bank, Manufacturers Hanover, First Chicago Bank, National Bank of Detroit, Texas Commerce Bank, Providian Financial and Great Western Bank. The company's oldest predecessor institution, the Bank of the Manhattan Company, was the third oldest banking corporation in the United States, and the 31st oldest bank in the world, having been established on September 1, 1799, by Aaron Burr.

    Main article: Chase Manhattan Bank

    The logo used by Chase following the merger with the Manhattan Bank in 1954

    The Chase Manhattan Bank was formed upon the 1955 purchase of Chase National Bank (established in 1877) by the Bank of the Manhattan Company (established in 1799),[10] the company's oldest predecessor institution. The Bank of the Manhattan Company was the creation of Aaron Burr, who transformed The Manhattan Company from a water carrier into a bank.[11]

    According to page 115 of An Empire of Wealth by John Steele Gordon, the origin of this strand of JPMorgan Chase's history runs as follows:

    At the turn of the nineteenth century, obtaining a bank charter required an act of the state legislature. This of course injected a powerful element of politics into the process and invited what today would be called corruption but then was regarded as business as usual. Sprint pay my bill app political enemy—and eventual murderer—Aaron Burr was able to create a bank by sneaking a clause into a charter for a company, called the Manhattan Company, to provide clean water to New York City. The innocuous-looking clause allowed the company to invest surplus capital in any lawful enterprise. Within six months of the company's creation, and long before it had laid a single section of water pipe, the company opened a bank, the Bank of the Manhattan Company. Still in existence, it is today JPMorgan Chase, the largest bank in the United States.

    Led by David Rockefeller during the 1970s and 1980s, Chase Manhattan emerged as one of the largest and most prestigious banking concerns, with leadership positions in syndicated lending, treasury and securities services, credit cards, mortgages, and retail financial services. Weakened by the real estate collapse in the early 1990s, it was acquired by Chemical Bank in 1996, retaining the Chase name.[12][13] Before its merger with J.P. Morgan & Co., the new Chase expanded the investment and asset management groups through two acquisitions. In 1999, it acquired San Francisco-based Hambrecht & Quist for $1.35 billion.[14] In April 2000, UK-based Robert Fleming & Co. was purchased by the new Chase Manhattan Bank for $7.7 billion.[15]

    Chemical Banking Corporation[edit]

    Main article: Chemical Bank

    The New York Chemical Manufacturing Company was founded in 1823 as a maker of various chemicals. In 1824, the company amended its charter to perform banking activities and created the Chemical Bank of New York. After 1851, the bank was separated from its parent and grew organically and through a series of mergers, most notably with Corn Exchange Bank in 1954, Texas Commerce Bank (a large bank in Texas) in 1986, and Manufacturer's Hanover Trust Company in 1991 (the first major bank merger "among equals"). In the 1980s and early 1990s, Chemical emerged as one of the leaders in the financing of leveraged buyout transactions. In 1984, Chemical launched Chemical Venture Partners to invest in private equity transactions alongside various financial sponsors. By the late 1980s, Chemical developed its reputation for financing buyouts, building a syndicated leveraged finance business and related advisory businesses under the auspices of the pioneering investment banker, Jimmy Lee.[16][17] At many points throughout this history, Chemical Bank was the largest bank in the United States (either in terms of assets or deposit market share).

    In 1996, Chemical Bank acquired Chase Manhattan. Although Chemical was the nominal survivor, it took the better-known Chase name.[12][13] To this day, JPMorgan Chase retains Chemical's pre-1996 stock price history, as well as Chemical's former headquarters site at 270 Park Avenue (the current building was demolished and a larger replacement headquarters is being built on the same site).

    J.P. Morgan & Company[edit]

    Main article: J.P. Morgan & Co.

    The J.P. Morgan & Co. logo before its merger with Chase Manhattan Bank in 2000
    Influence of J.P. Morgan in Large Corporations, 1914
    The J.P. Morgan headquarters in New York City following the September 16, 1920, bomb explosion that took the lives of 38 and injured over 400

    The House of Morgan was born out of the partnership of Drexel, Morgan & Co., which in 1895 was renamed J.P. Morgan & Co. (see also: J. Pierpont Morgan).[18] J.P. Morgan & Co. financed the formation of the United States Steel Corporation, which took over the business of Andrew Carnegie and others and was the world's first billion dollar corporation.[19] In 1895, J.P. Morgan & Co. supplied the United States government with $62 million in gold to float a bond issue and restore the treasury surplus of $100 million.[20] In 1892, the company began to finance the New York, New Haven and Hartford Railroad and led it through a best buy capital one credit card login of acquisitions that made it the dominant railroad transporter in New England.[21]

    Built in 1914, 23 Wall Street was the bank's headquarters for decades. On September 16, 1920, a terrorist bomb exploded in front of the bank, injuring 400 and killing 38.[22] Shortly before the bomb went off, a warning note was placed in a mailbox at the corner of Cedar Street and Broadway. The case has never been solved, and was rendered inactive by the FBI in 1940.[23]

    In August 1914, Henry P. Davison, a Morgan partner, made a deal with the Bank of England to make J.P. Morgan & Co. the monopoly underwriter of war bonds for the UK and France. The Bank of England became a "fiscal agent" of J.P. Morgan & Co., and vice versa.[24] The company also invested in the suppliers of war equipment to Britain and France. The company profited from the financing and purchasing activities of the two European governments.[24] Since the U.S. federal government withdrew from world affairs under successive isolationistRepublican administrations in the 1920s, J.P. Morgan & Co. continued playing a major role in global affairs since most European countries still owed war debts.[25]

    In the 1930s, J.P. Morgan & Co. and all integrated banking businesses in the United States were required by the provisions of the Glass–Steagall Act to separate their investment banking from their commercial banking operations. J.P. Morgan & Co. chose to operate as a commercial bank.[26][better source needed]

    In 1935, after being barred from the securities business for over a year, the heads of J.P. Morgan spun off its investment-banking operations. Led by J.P. Morgan partners, Henry S. Morgan (son of Jack Morgan and grandson of J. Pierpont Morgan) and Harold Stanley, Morgan Stanley was founded on September 16, 1935, with $6.6 million of nonvoting preferred stock from J.P. Morgan partners.[26][better source needed] In order to bolster its position, in 1959, J.P. Morgan merged with the Guaranty Trust Company of New York to form the Morgan Guaranty Trust Company.[18] The bank would continue to operate as Morgan Guaranty Trust until the 1980s, before migrating back to the use of the J.P. Morgan brand. In 1984, the group purchased the Purdue National Corporation of Lafayette, Indiana. In 1988, the company once again began operating exclusively as J.P. Morgan & Co.[27]

    Bank Chase business credit card no personal guarantee Corporation[edit]

    Main article: Bank One Corporation

    In 2004, JPMorgan Chase merged with Chicago-based Bank One Corp., bringing on board current Chairman and CEO Jamie Dimon as president and COO.[28] He succeeded former CEO William B. Harrison, Jr.[29] Dimon introduced new cost-cutting strategies, and replaced former JPMorgan Chase executives in key positions with Bank One executives—many of whom were with Dimon at Citigroup. Dimon became CEO in December 2005 and Chairman in December 2006.[30]

    Bank One Corporation was formed with the 1998 merger of Banc One of Columbus, Ohio and First Chicago NBD.[31] This merger was considered a failure until Dimon took over and reformed the new firm's practices. Dimon effected changes to make Bank One Corporation a viable merger partner for JPMorgan Chase.[32]


    Bank One Corporation, formerly First Bancgroup of Ohio, was founded as a holding company for City National Bank of Columbus, Ohio, and several other banks in that state, all of which were renamed "Bank One" when the holding company was renamed Banc One Corporation.[33] With the beginning of interstate banking they spread into other states, always renaming acquired banks "Bank One." After the First Chicago NBD merger, adverse financial results led to the departure of CEO John B. McCoy, whose father and grandfather had headed Banc One and predecessors. JPMorgan Chase completed the acquisition of Bank One in the third quarter of 2004.[33]

    Bear Stearns[edit]

    Main article: Bear Stearns

    At the end of 2007, Bear Stearns was the fifth largest investment bank in the United States but its market capitalization had deteriorated through the second half of the year.[34] On Friday, March 14, 2008, Bear Stearns lost 47% of its equity market value as rumors emerged that clients were withdrawing capital from the bank. Over the following weekend, it emerged that Bear Stearns might prove insolvent, and on March 15, 2008, the Federal Reserve engineered a deal to prevent a wider systemic crisis from the collapse of Bear Stearns.[35]

    On March 16, 2008, after a weekend of intense negotiations between JPMorgan, Bear, and the federal government, JPMorgan Chase announced its plans to acquire Bear Stearns in a stock swap worth $2.00 per share or $240 million pending shareholder approval scheduled within 90 days.[35] In the interim, JPMorgan Chase agreed to guarantee all Bear Stearns trades and business process flows.[36] On March 18, 2008, JPMorgan Chase formally announced the acquisition of Bear Stearns for $236 million.[34] The stock swap agreement was signed that night.[37]

    On March 24, 2008, after public discontent over the low acquisition price threatened the deal's closure, a revised offer was announced at approximately $10 per share.[34] Under the revised terms, JPMorgan also immediately acquired a 39.5% stake in Bear Stearns using newly issued shares at the new offer price and gained a commitment from the board, representing another 10% of the share capital, that its members would vote in favor of the new deal. With sufficient commitments to ensure a successful shareholder vote, the merger was completed on May 30, 2008.[38]

    Washington Mutual[edit]

    Main article: Washington Mutual

    The Washington Mutual logo prior to its 2008 acquisition by JPMorgan Chase

    On September 25, 2008, JPMorgan Chase bought most of the banking operations of Washington Mutual from the receivership of the Federal Deposit Insurance Corporation. That night, the Office of Thrift Supervision, in what was by far the largest bank failure in American history, had seized Washington Mutual Bank and placed it into receivership. The FDIC sold the bank's assets, secured debt obligations, and deposits to JPMorgan Chase & Co for $1.836 billion, which re-opened the bank the following day. As a result of the takeover, Washington Mutual shareholders lost all their equity.[39]

    JPMorgan Chase raised $10 billion in a stock sale to cover writedowns and losses after taking on deposits and branches of Washington Mutual.[40] Through the acquisition, JPMorgan now owns the former accounts of Providian Financial, a credit card issuer WaMu acquired in 2005. The company announced plans to complete the rebranding of Washington Mutual wells fargo locations near me open today to Chase by late 2009.

    Chief executive Alan H. Fishman received a $7.5 million sign-on bonus and cash severance of $11.6 million after being CEO for 17 days.[41]

    Lawsuits and legal settlements[edit]

    Chase paid out over $2 billion in fines and legal settlements for their role in financing Enron Corporation with aiding and abetting Enron Corp.'s securities fraud, which collapsed amid a financial scandal in 2001.[42] In 2003, Chase paid $160 million in fines and penalties to settle claims by the Securities and Exchange Commission and the Manhattan district attorney's office. In 2005, Chase paid $2.2 billion to settle a lawsuit filed by investors in Enron.[43]

    In December 2002, Chase paid fines totaling $80 million, with the amount split between the states and the federal government. The fines were part of a settlement involving charges that ten banks, including Chase, deceived investors with biased research. The total settlement with the ten banks was $1.4 billion. The settlement required that the banks separate investment banking from research, and ban any allocation of IPO shares.[44]

    JPMorgan Chase, which helped underwrite $15.4 billion of WorldCom's bonds, agreed in March 2005 to pay $2 billion; that was 46 percent, or $630 million, more than it would have paid had it accepted an investor offer in May 2004 of $1.37 billion. J.P. Morgan was the last big lender to settle. Its payment is the second largest in the case, exceeded only by the $2.6 billion accord reached in 2004 by Citigroup.[45] In March 2005, 16 of WorldCom's 17 former underwriters reached settlements with the investors.[46][47]

    In 2008 and 2009, 14 lawsuits were filed against JPMorgan Chase in various district courts on behalf of Chase credit card holders claiming the bank violated the Truth in Lending Act, breached its contract with the consumers, and committed a breach of the implied covenant of good faith and fair dealing. The consumers contended that Chase, with little or no notice, increased minimum monthly payments from 2% to 5% on loan balances that were transferred to consumers' credit cards based on the promise of a fixed interest rate. In May 2011, the United States District Court for the Northern District of California certified the class action lawsuit. On July 23, 2012, Chase agreed to pay $100 million to settle the chase business credit card no personal guarantee November 2009, a week after Birmingham, Alabama Mayor Larry Langford was convicted for financial crimes related to bond swaps for Jefferson County, Alabama, JPMorgan Chase & Co. agreed to a $722 million settlement with the U.S. Securities and Exchange Commission to end a probe into the sales of derivatives that allegedly contributed to the near-bankruptcy of the county. JPMorgan had been chosen by the county commissioners to refinance the county's sewer debt, and the SEC had alleged that JPMorgan made undisclosed payments to close friends of the commissioners in exchange for the deal and made up for the costs by charging higher interest rates on the swaps.[49]

    In June 2010, J.P. Morgan Securities was fined a record £33.32 million ($49.12 million) by the UK Financial Services Authority (FSA) for failing to protect an average of £5.5 billion of clients' money from 2002 to 2009.[50][51] FSA requires financial firms to keep clients' funds in separate accounts to protect the clients in case such a firm becomes insolvent. The firm had failed to properly segregate client funds from corporate funds following the merger of Chase and J.P. Morgan, resulting in a violation of FSA regulations but no losses to clients. The clients' funds would have been at risk had the firm become insolvent during this period.[52] J.P. Morgan Securities reported the incident to the FSA, corrected the errors, and cooperated in the ensuing investigation, resulting in the fine being reduced 30% from an original amount of £47.6 million.[51]

    In January 2011, JPMorgan Chase admitted that it wrongly overcharged several thousand military families for their mortgages, including active-duty personnel in the War in Afghanistan. The bank also admitted it improperly foreclosed on more than a dozen military families; both actions were in clear violation of the Servicemembers Civil Relief Act which automatically lowers mortgage rates to 6 percent, and bars foreclosure proceedings of active-duty personnel. The overcharges may have never come to light were it not for legal action taken by Captain Jonathan Rowles. Both Captain Rowles and his spouse Julia accused Chase of violating the law and harassing the couple for nonpayment. An official stated that the situation was "grim" and Chase initially stated it would be refunding up to $2,000,000 to those who were overcharged, and that families improperly foreclosed on have gotten or will get their homes back.[53] Chase has acknowledged that as many as 6,000 active duty military personnel were illegally overcharged, and more than 18 military families homes were wrongly foreclosed. In April, Chase agreed to pay a total of $27 million in compensation to settle the class-action suit.[54] At the company's 2011 shareholders' meeting, Dimon apologized for the error and said the bank would forgive the loans of any active-duty personnel whose property had been foreclosed. In June 2011, lending chief Dave Lowman was forced out over the scandal.[55][56]

    On August 25, 2011, JPMorgan Chase agreed to settle fines with regard to violations of the sanctions under the Office of Foreign Assets Control (OFAC) regime. The U.S. Department of Treasury north central high school softball the following civil penalties information pueblo bank and trust the heading: "JPMorgan Chase Bank N.A. Settles Apparent Violations of Multiple Sanctions Programs":

    JPMorgan Chase Bank, N.A, New York, NY ("JPMC") has agreed to remit $88,300,000 to settle a potential civil liability for apparent violations of the Cuban Assets Control Regulations ("CACR"), 31 C.F.R. part 515; the Weapons of Mass Destruction Proliferators Sanctions Regulations ("WMDPSR"), 31 C.F.R. part 544; Executive Order 13382, "Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters;" the Global Terrorism Sanctions Regulations ("GTSR"), 31 C.F.R. part 594; the Iranian Transactions Regulations ("ITR"), 31 C.F.R. part 560; the Sudanese Sanctions Regulations ("SSR"), 31 C.F.R. part 538; the Former Liberian Regime of Charles Taylor Sanctions Regulations ("FLRCTSR"), 31 C.F.R. part 593; and the Reporting, Procedures, and Penalties Regulations ("RPPR"), 31 C.F.R. part 501, that occurred between December 15, 2005, and March 1, 2011.

    — U.S. Department of the Treasury Resource Center, OFAC Recent Actions. Retrieved June 18, 2013.[57]

    On February 9, 2012, it was announced that the five largest mortgage servicers (Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo) agreed to a historic settlement with the federal government and 49 states.[58] The settlement, known as the National Mortgage Settlement (NMS), required the servicers to provide about $26 billion in relief to distressed homeowners and in direct payments to the states and federal government. This settlement amount makes the NMS the second largest civil settlement in U.S. history, only trailing the Tobacco Master Settlement Agreement.[59] The five banks were also required to comply with 305 new mortgage servicing standards. Oklahoma held out and agreed to settle with the banks separately.

    In 2012, JPMorgan Chase & Co was charged for misrepresenting and failing to disclose that the CIO had engaged in extremely risky and speculative trades that exposed JPMorgan to significant losses.[60]

    In July 2013, The Federal Energy Regulatory Commission (FERC) approved a stipulation and consent agreement under which JPMorgan Ventures Energy Corporation (JPMVEC), a subsidiary of JPMorgan Chase & Co., agreed to pay $410 million in penalties and disgorgement to ratepayers for allegations of market manipulation stemming from the company's bidding activities in electricity markets in California and the Midwest from September 2010 through November 2012. JPMVEC agreed to pay a civil penalty of $285 million to the U.S. Treasury and to disgorge $125 million in unjust profits. JPMVEC admitted the facts set forth in the agreement, but neither admitted nor denied the violations.[61] The case stemmed from multiple referrals to FERC from market monitors in 2011 and 2012 regarding JPMVEC's bidding practices. FERC investigators determined that JPMVEC engaged in 12 manipulative bidding strategies designed to make profits from power plants that were usually out of the money in the marketplace. In each of them, the company made bids designed to create artificial conditions that forced California and Midcontinent Independent System Operators (ISOs) to pay JPMVEC outside the market at premium rates.[61] FERC investigators further determined that JPMVEC knew that the California ISO and Midcontinent ISO received no benefit from making inflated payments to the company, thereby defrauding the ISOs by obtaining payments for benefits that the company did not deliver beyond the routine provision of energy. FERC investigators also determined that JPMVEC's bids displaced other generation and altered day ahead and real-time prices from the prices that would have resulted had the company not submitted the bids.[61] Under the Energy Policy Act of 2005, Congress directed FERC to detect, prevent, and appropriately sanction the gaming of energy markets. According to FERC, the Commission approved the settlement as in the public interest.[61]

    FERC's investigation of energy market manipulations led to a subsequent investigation into possible obstruction of justice by employees of JPMorgan Chase.[62] Various newspapers reported in September 2013 that the Federal Bureau of Investigation (FBI) and US Attorney's Office in Manhattan were investigating whether employees withheld information or made false statements during the FERC investigation.[62] The reported impetus for the investigation was a letter what does ope mean on snapchat Massachusetts Senators Elizabeth Warren and Edward Markey, in which they asked FERC why no action was taken against people who impeded the FERC investigation.[62] At the time of the FBI investigation, the Senate Permanent Subcommittee on Investigations was also looking into whether JPMorgan Chase employees impeded the FERC investigation.[62]Reuters reported that JPMorgan Chase was facing over a dozen investigations at the time.[62]

    In August 2013, JPMorgan Chase announced that it was being investigated chase business credit card no personal guarantee the United States Department of Justice over its offerings of mortgage-backed securities leading up to the financial crisis of 2007–08. The company said that the Department of Justice had preliminarily concluded that the firm violated federal securities laws in offerings of subprime and Alt-A residential mortgage securities during the period 2005 to 2007.[63] On November 19, 2013, the Justice Department announced that JPMorgan Chase john f kennedy jr images to pay $13 billion to settle investigations into its business practices pertaining to mortgage-backed securities.[64] Of that amount, $9 billion was penalties and fines, and the remaining $4 billion was consumer relief. This was the largest corporate settlement to date. Conduct at Bear Stearns and Washington Mutual prior to their 2008 acquisitions accounted for much of the alleged wrongdoing. The agreement did not settle criminal charges.[65]

    In November 2016, JPMorgan Chase agreed to pay $264 million in fines to settle civil and criminal charges involving a systematic bribery scheme spanning 2006 to 2013 in which the bank secured business deals in Hong Kong by agreeing to hire hundreds of friends and relatives of Chinese government officials, resulting in more than $100 million in revenue for the bank.[66]

    In January 2017, the United States sued the company, accusing it of discriminating against "thousands" of black and Hispanic mortgage borrowers between 2006 and at least 2009.[67][68]

    On December 26, 2018, as part of an investigation by the U.S. Securities and Exchange Commission (SEC) into abusive practices related to American depositary receipts (ADRs), JPMorgan agreed to pay more than $135 million to settle charges of improper handling of "pre-released" ADRs without admitting or denying the SEC's findings. The sum consisted of $71 million in ill-gotten gains plus $14.4 million in prejudgment interest and an additional penalty of $49.7 million.[69]

    Madoff fraud[edit]

    Further information: Madoff investment scandal

    Bernie Madoff opened a business account at Chemical Bank in 1986 and maintained it until 2008, long after Chemical acquired Chase.

    In 2010, Irving Picard, the SIPC receiver appointed to liquidate Madoff's company, alleged that JPMorgan failed to prevent Madoff from defrauding his customers. According to the suit, Chase "knew or should have known" that Madoff's wealth management business was a fraud. However, Chase did not report its concerns to regulators or law enforcement until October 2008, when it notified the UK Serious Organised Crime Agency. Picard argued that even after Morgan's investment bankers reported its concerns about Madoff's performance to UK officials, Chase's retail banking division did not put any restrictions on Madoff's banking activities until his arrest two months later.[70] The receiver's suit against J.P. Morgan was dismissed by the Court for failing to set forth any legally cognizable claim for damages.[71]

    In the fall of 2013, JPMorgan began talks with prosecutors and regulators regarding compliance with anti-money-laundering and know-your-customer banking regulations in connection with Madoff.

    On January 7, 2014, JPMorgan agreed to pay a total of $2.05 billion in fines and penalties to settle civil and criminal charges related to its role in the Madoff scandal. The government filed a two-count criminal information charging JPMorgan with Bank Secrecy Act violations, but the charges will be dismissed within two years provided that JPMorgan reforms its anti-money laundering procedures and cooperates with the government in its investigation. The bank agreed to forfeit $1.7 billion.

    The lawsuit, which was filed on behalf of shareholders against Chief Executive Jamie Dimon and other high-ranking JPMorgan employees, used statements made by Bernie Madoff during interviews conducted while in prison in Butner, North Carolina claiming that JPMorgan officials knew of the fraud. The lawsuit stated that "JPMorgan was uniquely positioned for 20 years to see Madoff's crimes and put a stop to them . But faced with the prospect of shutting down Madoff's account and losing lucrative profits, JPMorgan - at its highest level - chose to turn a blind eye."[72]

    JPMorgan also agreed to pay a $350 million fine to the Office of the Comptroller of the Currency and settle the suit filed against it by Picard for $543 million.[73][74][75][76]

    Other recent acquisitions[edit]

    In 2006, JPMorgan Chase purchased Collegiate Funding Services, a portfolio company of private equity firm Lightyear Capital, for $663 million. CFS was used as the foundation for the Chase Student Loans, previously known as Chase Education Finance.[77]

    In April 2006, JPMorgan Chase acquired Bank of New York Mellon's retail and small business banking network. The acquisition gave Chase access to 339 additional branches in New York, New Jersey, and Connecticut.[78] In 2008, JPMorgan acquired the UK-based carbon offsetting company ClimateCare.[79] In November 2009, JPMorgan announced it would acquire the balance of JPMorgan Cazenove, an advisory and underwriting joint venture established in 2004 with the Cazenove Group.[80] In 2013, JPMorgan acquired Bloomspot, a San Francisco-based startup. Shortly after the acquisition, the service was shut down and Bloomspot's talent was left unused.[81][82]

    Acquisition history[edit]

    The following is an illustration of the company's major mergers and acquisitions and historical predecessors, although this is not a comprehensive list:

    Recent history[edit]

    In 2013, after teaming up with the Bill and Melinda Gates Foundation, GlaxoSmithKline and Children's Investment Fund, JP Morgan Chase, Under Jamie Dimon launched a $94 Million fund with a focus on "late-stage healthcare technology trials". The "$94 million Global Health Investment Fund will give money to a final-stage drug, vaccine, and medical device studies that are otherwise stalled at companies because of their relatively high failure risk and low consumer demand. Examples of problems that could be addressed by the fund include malaria, tuberculosis, HIV/AIDS, and maternal and infant mortality, according to the Gates and JPMorgan led-group"[92]

    The 2014 JPMorgan Chase data breach, disclosed in September 2014, compromised the JPMorgan Chase accounts of over 83 million customers. The attack was discovered by the bank's security team in late July 2014, but not completely halted until the middle of August.[93][94]

    In October 2014, JPMorgan sold its commodities trader unit to Mercuria for $800 million, a quarter of the initial valuation of $3.5 billion, as the transaction excluded some oil and metal stockpiles and other assets.[95]

    In March 2016, JPMorgan decided not to finance coal mines and coal power plants in wealthy countries.[96]

    In December 2016, 14 former executives of the Wendel investment company faced trial for tax fraud while JP Morgan Chase was to be pursued for complicity. Jean-Bernard Lafonta was convicted December 2015 for spreading false information and insider trading, and fined 1.5 million euros.[97]

    In March 2017, Lawrence Obracanik, a former JPMorgan Chase & Co employee, pleaded guilty to criminal charges that he stole more than $5 million from his employer to pay personal debts.[98] In June 2017, Matt Zames, the now-former COO of the bank decided to leave the firm.[99] In December 2017, JP Morgan was sued by the Nigerian government for $875 million, which Nigeria alleges was transferred by JP Morgan to a corrupt former minister.[100] Nigeria accused JP Morgan of being "grossly negligent".[101]

    In October 2018, Reuters reported that JP Morgan "agreed to pay $5.3 million to settle allegations it violated Cuban Assets Control Regulations, Iranian sanctions and Weapons of Mass Destruction sanctions 87 times, the U.S. Treasury said".[102]

    In February 2019, JP Morgan announced the launch of JPM Coin, a digital token that will be used to settle transactions between clients of its wholesale payments business.[103] It would contra costa behavioral health services martinez ca the first cryptocurrency issued by a United States bank.[104]

    On May 14, 2020, Financial Times, citing a report which revealed how companies are treating employees, their supply chains and other stakeholders, during the COVID-19 pandemic, documented that JP Morgan Asset Management alongside Fidelity Investments and Vanguard have been accused of paying lip services to cover human rights violations. The UK based media also referenced that a few of the world's biggest fund houses took the action in order to lessen the impact of abuses, such as modern slavery, at the companies they invest in. However, JP Morgan replying to the report said that it took “human rights violations very seriously” and “any company with alleged or proven violations of principles, including human rights abuses, is scrutinised and may result in either enhanced engagement or removal from a portfolio.”[105]

    In September 2020, the company admitted that it manipulated precious metals futures and government bond markets in a span period of eight years. It settled with the United States Department of Justice, U.S. Securities and Exchange Commission, and the Commodity Futures Trading Commission for $920 million. JPMorgan will not face criminal charges, however, it will launch into a deferred prosecution agreement for three years.[106]

    In 2021, JP Morgan funded the failed attempt to create a European Super League in European soccer, which, if successful, would have ended the meritocratic European pyramid soccer system. JP Morgan's role in the creation of the Super League was instrumental; the investment bank was reported to have worked on it for several years.[107] After a strong backlash, the owners/management of the teams that proposed creating the league pulled out of it.[108] After the attempt to end the European football hierarchy failed, JP Morgan apologized for its role in the scheme.[107] JP Morgan head Jamie Dimon said the company "kind of missed" that football supporters would respond negatively to the Super League.[109]

    In September 2021, JPMorgan Chase entered the UK retail banking market by launched an app-based current account under the Chase brand. This is the company's first retail banking operation outside the of United States.[110][111][112]

    Financial data[edit]

    Year19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020
    Revenue25.8731.1533.1929.3429.6133.1942.7454.2562.0071.3767.25100.4102.797.2397.0396.6194.2193.5495.6799.62109.03115.40119.54
    Net income4.7457.5015.7271.6941.6636.7194.4668.48314.4415.375.60511.7317.3718.9821.2817.9221.7624.4424.7324.4432.4736.4329.13
    Assets626.9667.0715.3693.6758.8770.91,1571,1991,3521,5622,1752,0322,1182,2662,3592,4162,5732,3522,4912,5342,6232,6873,386
    Equity35.1035.0642.3441.1042.3146.15105.7107.2115.8123.2166.9165.4176.1183.6204.1210.9231.7247.6254.2255.7256.5261.3279.4
    Capitalization75.03138.7138.4167.2147.0117.7164.3165.9125.4167.3219.7232.5241.9307.3366.3319.8429.9387.5
    Headcount(in thousands)96.37161.0168.8174.4180.7225.0222.3239.8260.2259.0251.2241.4234.6243.4252.5256.1257.0255.4

    Note. For years 1998, 1999, and 2000 figures are combined for The Chase Manhattan Corporation and J.P.Morgan & Co. Incorporated as if a merger between them already happened.

    JPMorgan Chase[121] was the biggest bank at the end of 2008 as an individual bank (not including subsidiaries). As of 2020[update], JPMorgan Chase is ranked 17 on the Fortune 500 rankings of the largest United States corporations by total revenue.[122]

    CEO-to-worker pay ratio[edit]

    For the first time in 2018, a new Securities and Exchange Commission rule mandated under the 2010 Dodd-Frank financial reform requires publicly traded companies to disclose how their CEOs are compensated in comparison with their employees. In public filings, companies have to disclose their "Pay Ratios," or the CEO's compensation divided by the median employee's.[123]

    2017[edit]

    According to SEC filings, JPMorgan Chase & Co. paid its CEO $28,320,175 in 2017. The average worker employed by JPMorgan Chase & Co. was paid $77,799 in 2017; thus marking a CEO-to-worker Pay Ratio of 364 to 1.[124] As of April 2018, steelmaker Nucor represented the median CEO-to-worker Pay Ratio from SEC filings with values of 133 to 1.[125]Bloomberg BusinessWeek on May 2, 2013, found the ratio of CEO pay to the typical worker rose from about 20-to-1 in the 1950s to 120-to-1 in 2000.[126]

    2018[edit]

    Total 2018 compensation for Jamie Dimon, CEO, was $30,040,153, and total compensation of the median employee was determined to be $78,923. The resulting pay ratio was estimated to be 381:1.[127]

    Structure[edit]

    J P Morgan Chase business credit card no personal guarantee & Co. owns 5 bank subsidiaries in the United States:[128]

    For management reporting purposes, J P Morgan Chase's activities are organized into a corporate/ private equity segment and 4 business segments:

    • Consumer and community banking,
    • Corporate and investment banking,
    • Commercial banking and
    • Asset management.[129]

    JPMorgan Europe, Ltd.[edit]

    Main article: J.P. Morgan in the United Kingdom

    The company, known previously as Chase Manhattan International Limited, was founded on September 18, 1968.[130][131]

    In August 2008, the bank announced plans to construct a new European headquarters at Canary Wharf, London.[132] These plans were subsequently suspended in December 2010, when the bank announced the purchase of a nearby existing office tower at 25 Bank Street for use as the European headquarters of its investment bank.[133] 25 Bank Street had originally been designated as the European headquarters of Enron and was subsequently used as the headquarters of Lehman Brothers International (Europe).

    The regional office is in London with offices in Bournemouth, Glasgow, and Edinburgh for asset management, private banking, and investment.[134]

    Operations[edit]

    Earlier in 2011, the company announced that by the use of supercomputers, the time taken to assess risk had been greatly reduced, from arriving at a conclusion within hours to what is now minutes. The banking corporation uses for this calculation Field-Programmable Gate Array technology.[135]

    History[edit]

    The Bank began operations in Japan in 1924,[136] in Australia during the later part of the nineteenth century,[137] and in Indonesia during the early 1920s.[138] An office of the Equitable Eastern Banking Corporation (one of J.P. Morgan's predecessors) opened a branch in China in 1921 and Chase National Bank was established there in 1923.[139] The bank has operated in Saudi Arabia[140] and India[141] since the 1930s. Chase Manhattan Bank opened 1 bedroom apartment san jose ca office in South Korea in 1967.[142] The firm's presence in Greece dates to 1968.[143] An office of JPMorgan was opened in Taiwan in 1970,[144] in Russia (Soviet Union) in 1973,[145] and Nordic operations began during the same year.[146] Operations in Poland began in 1995.[143]

    Lobbying[edit]

    JP Morgan Chase's PAC and its employees contributed $2.6 million to federal campaigns in 2014 and financed its lobbying team with $4.7 million in the first three quarters of 2014. JP Morgan's giving has been focused on Republicans, with 62 percent of its donations going to GOP recipients in 2014. Still, 78 House Democrats received campaign cash from JPMorgan's PAC in the 2014 cycle at an average of $5,200 and a total of 38 of the Democrats who voted for the 2015 spending bill took money from JPMorgan's PAC in 2014. JP Morgan Chase's PAC made maximum donations to the Democratic Congressional Campaign Committee and the leadership PACs of Steny Hoyer and Jim Himes in 2014.[147]

    Climate change and investments in fossil fuels[edit]

    JPMorgan has come under criticism for investing in new fossil fuels projects since the Paris climate change agreement. From 2016 to the first half of 2019 it provided $75 billion (£61 billion) to companies expanding in sectors such as fracking and Arctic oil and gas exploration.[148] According to Rainforest Action Network its total fossil fuel financing was $64 billion in 2018, $69 billion in 2017 and $62 billion in 2016.[149] As of 2021 it is the largest lender to the fossil fuel industry in the world.[6]

    An internal study, 'Risky business: the climate and macroeconomy', by bank economists David Mackie and Jessica Murray was leaked in early‑2020. The report, dated 14 January 2020, states that under our current unsustainable trajectory of climate change "we cannot rule out catastrophic outcomes where human life as we know it is threatened". JPMorgan subsequently distanced itself from the content of the study.[150]

    Offices[edit]

    Although the old Chase Manhattan Bank's headquarters were located at One Chase Manhattan Plaza (now known as 28 Liberty Street) in downtown Manhattan, the current temporary world headquarters for JPMorgan Chase & Co. are located at 383 Madison Avenue. In 2018, JPMorgan announced they would demolish the current headquarters building at 270 Park Avenue, which was Union Carbide's former headquarters, to make way for a newer building that will be 500 feet (150 m) taller than the existing building. Demolition was completed in the spring of 2021, and the new building will be completed in 2025. The replacement 70-story headquarters will be able to fit 15,000 employees, whereas the current building fits 6,000 employees in a space that has a capacity of 3,500. The new headquarters is part of the East Midtown rezoning plan.[151] When construction is completed in 2025, the headquarters will then move back into the new building at 270 Park Avenue.

    The bulk of North American operations take place in four buildings located adjacent to each other on Park Avenue in New York City: the former Union Carbide Building at 270 Park Avenue, the hub of sales and trading operations (which was demolished and is being replaced), and the original Chemical Bank building at 277 Park Avenue, where most investment banking activity takes place. Asset and wealth management groups are located at 245 Park Avenue and 345 Park Avenue. Other groups are located in the former Bear Stearns building at 383 Madison Avenue.

    Chase, the U.S. and Canada, retail, commercial, and credit card bank is headquartered in Chicago at the Chase Tower, Chicago, Illinois.[8]

    The Asia Pacific headquarters for JPMorgan is located in Hong Kong at Chater House.

    Approximately 11,050 employees are located in Columbus at the McCoy Center, the former Bank One offices. The building is the largest JPMorgan Chase & Co. facility in the world and the second-largest single-tenant office building in the United States behind The Pentagon.[152]

    The bank moved some of its operations to the JPMorgan Chase Tower in Houston, when it purchased Texas Commerce Bank.

      The Global Corporate Bank's main headquarters are in London, with regional headquarters in Hong Kong, New York and Sao Paulo.[153]

      The Card Services division has its headquarters in Wilmington, Delaware, with Card Services offices in Elgin, Illinois; Springfield, Missouri; San Antonio, Texas; Mumbai, India; and Cebu, Philippines.

      Additional large operation centers are located in Phoenix, Arizona; Los Angeles, California, Newark, Delaware; Orlando, Florida; Tampa, Florida; Indianapolis, Indiana; Louisville, Kentucky; Brooklyn, New York; Rochester, New York; Columbus, Ohio; Dallas, Texas; Fort Worth, Texas; Plano, Texas; and Milwaukee, Wisconsin.

      Operation centers in Canada are located in Burlington, Ontario; and Toronto, Ontario.

      Operations centers in the United Kingdom are located in Bournemouth, Glasgow, London, Liverpool, and Swindon. The London location also serves as the European headquarters.

      Additional offices and technology operations are located in Manila, Philippines; Cebu, Philippines; Mumbai, India; Bangalore, India; Hyderabad, India; New Delhi, India; Buenos Aires, Argentina; Sao Paulo, Brazil; Mexico City, Mexico, and Jerusalem, Israel.

      In the late autumn of 2017, JPMorgan Chase opened a new global operations center in Warsaw, Poland.[154]

      Credit derivatives[edit]

      The derivatives team at JPMorgan (including Blythe Masters) was a pioneer in the invention of credit derivatives such as the credit default swap. The first CDS liberty refund selection portal created to allow Exxon to borrow money from JPMorgan while JPMorgan transferred the risk to the European Bank of Reconstruction and Development. JPMorgan's team later created the 'BISTRO', a bundle of credit default swaps that was the progenitor of the Synthetic CDO.[155][156] As of 2013 JPMorgan had the largest credit default swap and credit derivatives portfolio by total notional amount of any US bank.[157][158]

      Multibillion-dollar trading loss[edit]

      Main article: 2012 JPMorgan Chase trading loss

      In April 2012, hedge fund insiders became aware that the market in credit default swaps was possibly being affected by the activities of Bruno Iksil, a trader for JPMorgan Chase & Co., referred to as "the London whale" in reference to the huge positions he was taking. Heavy opposing bets to his positions are known to have been made by traders, including another branch of J.P. Morgan, who purchased the derivatives offered by J.P. Morgan in such high volume.[159][160] Early reports were denied and minimized by the firm in an attempt to minimize exposure.[161] Major losses, $2 billion, were reported by the firm in May 2012, in relation to these trades and updated to $4.4 billion on July 13, 2012.[162] The disclosure, which resulted in headlines in the media, did not disclose the exact nature of the trading involved, which remains in progress and as of June 28, 2012, was continuing to produce losses which could total as much as $9 billion under worst-case scenarios.[163][164] The item traded, possibly related to CDX IG 9, an index based on the default risk of major U.S. corporations,[165][166] has been described as a "derivative of a derivative".[167][168] On the company's emergency conference call, JPMorgan Chase Chairman, CEO and President Jamie Dimon said the strategy was "flawed, complex, poorly reviewed, poorly executed, and poorly monitored".[169] The episode is being investigated by the Federal Reserve, the SEC, and the FBI.[170]

      On September 18, 2013, JPMorgan Chase agreed to pay a total of $920 million in fines and penalties to American and UK regulators for violations related to the trading loss and other incidents. The fine was part of a multiagency and multinational settlement with the Federal Reserve, Office of the Comptroller of the Currency and the Securities and Exchange Commission in the United States and the Financial Conduct Authority in the UK. Chase business credit card no personal guarantee company also admitted breaking American securities law.[172] The fines amounted to the third biggest banking fine levied by US regulators, and the second-largest by UK authorities.[171] As of September 19, 2013[update], two traders face criminal proceedings.[171] It is also the first time in several years that a major American financial institution has publicly admitted breaking the securities laws.[173]

      A report by the SEC was critical of the level of oversight from senior management on traders, and the FCA said the incident demonstrated "flaws permeating all levels of the firm: from portfolio level right up to senior management."[171]

      On the day of the fine, the BBC reported from the New York Stock Exchange that the fines "barely registered" with traders there, the news had been an expected development, and the company had prepared for the financial hit.[171]

      Art collection[edit]

      See also: J. P. Morgan § Collector of art, books, and gemstones

      The collection was begun in 1959 by David Rockefeller,[174] and comprises over 30,000 objects, of which over 6,000 are photographic-based,[175] as of 2012 containing more than one hundred works by Middle Eastern and North African artists.[176] The One Chase Manhattan Plaza building was the original location at the start of collection by the Chase Manhattan Bank, the current collection containing both this and also those works that the First National Bank of Chicago had acquired prior to assimilation into the JPMorgan Chase organization.[177] L. K. Erf has been the director of acquisitions of works since 2004 for the bank,[178] whose art program staff is completed by an additional three full-time members and one registrar.[179] The advisory committee at the time of the Rockefeller initiation included A. H. Barr, and D. Miller, and also J. J. Sweeney, R. Hale, P. Rathbone and G. Bunshaft.[180]

      [edit]

      • Chase Field (formerly Bank One Ballpark), Phoenix, Arizona – Arizona Diamondbacks, MLB
      • Chase Center (San Francisco) – Golden State Warriors, NBA
      • Major League Soccer
      • Chase Auditorium (formerly Bank One Auditorium) inside of Chase Tower (Chicago) (formerly Bank One Tower)
      • The JPMorgan Chase Corporate Challenge, owned and operated by JPMorgan Chase, is the largest corporate road racing series in the world with over 200,000 participants in 12 cities in six countries on five continents. It has been held annually since 1977 and the races range in size from 4,000 entrants to more than 60,000.
      • JPMorgan Chase is the official sponsor of the US Open
      • J.P. Morgan Asset Management is the Principal Sponsor of the English Premiership Rugby 7s Series
      • Sponsor of the Jessamine Stakes, a two-year-old fillies horse race at Keeneland, Lexington, Kentucky since 2006.

      The European Super League[edit]

      On April 19, 2021, JP Morgan pledged $5 billion towards the European Super League.[181][182] a controversial breakaway group of football clubs seeking to create a monopolistic structure where the founding members would be guaranteed entry to the competition in perpetuity. While the absence of promotion and relegation is a common sports model in the US, this is an antithesis to the European competition-based pyramid model and has led to widespread condemnation from Football federations internationally as well as at government level.[183]

      However, JPMorgan has been involved in European football for almost 20 years. In 2003, they advised the Glazer ownership of Manchester United. It also advised Rocco Commisso, the owner of Mediacom, to purchase ACF Fiorentina, and Dan Friedkin on his takeover of A.S. Roma. Moreover, It aided Inter Milan and A.S. Roma to sell bonds backed by future media revenue, and Spain's Real Madrid CF to raise funds to refurbish their Santiago Bernabeu Stadium.[184]

      Leadership[edit]

      Jamie Dimon is the Chairman and CEO of JPMorgan Chase. The acquisition deal of Bank One in 2004, was designed in part to recruit Dimon to JPMorgan Chase. He became chief executive at the end of 2005.[185] Dimon has been recognized for his leadership during the 2008 financial crisis.[186] Under his leadership, JPMorgan Chase rescued two ailing banks during the crisis.[187] Although Dimon has publicly criticized the American government's strict immigration policies,[188] as of July 2018, his company has $1.6 million worth of stocks in Sterling Construction (the company contracted to build a massive wall on the U.S.-Mexico border).[189]

      Board of directors[edit]

      As of April 1, 2021:[190]

      • Jamie Dimon, chairman and CEO of JPMorgan Chase
      • Linda Bammann, former JPMorgan and Bank One executive
      • Steve Burke, chairman of NBCUniversal
      • Todd Combs, CEO of GEICO
      • James Crown, president of Henry Crown and Company
      • Timothy Flynn, former chairman and CEO of KPMG
      • Mellody Hobson, CEO of Ariel Investments
      • Michael Neal, CEO of GE Capital
      • Phebe Novakovic, Chairwoman and CEO of General Dynamics
      • Virginia Rometty, Executive Chairwoman of IBM, former Chairwoman, President and CEO of IBM

      Senior leadership[edit]

      List of former chairmen[edit]

      1. William B. Harrison Jr. (2000–2006)[192]

      List of former chief executives[edit]

      1. William B. Harrison Jr. (2000–2005)[192]

      Notable former employees[edit]

      Business[edit]

      Politics and public service[edit]

      • Frederick Ma – Hong Kong Secretary for Commerce and Economic Development (2007–08)
      • Tony Blair – Prime Minister of the United Kingdom (1997–2007)[194]
      • William M. Daley – U.S. Secretary of Commerce (1997–2000), U.S. White House Chief of Staff (2011–2012)
      • Michael Forsyth, Baron Forsyth of Drumlean – Secretary of State for Scotland (1995–97)
      • Thomas S. Gates, Jr. – U.S. Secretary of Defense (1959–61)
      • David Laws – UK Chief Secretary to the Treasury (May 2010) Minister of State for Schools
      • Rick Lazio – member of the U.S. House of Representatives (1993–2001)
      • Antony Leung – Financial Secretary of Hong Kong (2001–03)
      • Dwight Morrow – U.S. Senator (1930–31)
      • Margaret Ng – member of the Hong Kong Legislative Council
      • George P. Shultz – U.S. Secretary of Promo codes walmart grocery (1969–70), U.S. Secretary of Treasury (1972–74), U.S. Secretary of State (1982–89)
      • John J. McCloy – president of the World Bank, U.S. High Commissioner for Germany, chairman of Chase Manhattan Bank, chairman of the Council on Foreign Relations, a member of the Warren Commission, and a prominent United States adviser to all presidents from Franklin D. Roosevelt to Ronald Reagan
      • Mahua Moitra – Indian Member of Parliament, Lok Sabha

      Other[edit]

      Awards[edit]

      • Best Banking Performer, United States of America in 2016 by Global Brands Magazine Award.[197]

      See also[edit]

      Index products[edit]

      References[edit]

      1. ^"2Q21 Earnings Supplement"(PDF). JPMorgan Chase. June 30, 2021. Retrieved September 20, 2021.
      2. ^"J.P. Morgan Chase & Co. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
      3. ^"JP Morgan Chase Annual Report 2020"(PDF). .jpmorganchase.com. Retrieved February 1, 2021.
      4. ^"10-K". 10-K. Retrieved June 1, 2019.
      5. ^"2Q21 Earnings Supplement"(PDF). JPMorgan Chase. June 30, 2021. Retrieved September 20, 2021.
      6. ^ abNauman, Billy (October 6, 2020). "JPMorgan Chase promises to shift portfolio away from fossil fuels". Financial Times. Retrieved September 12, 2021.
      7. ^"Banks Ranked by Total Deposits". Usbanklocations.com. Retrieved November 12, 2017.
      8. ^ abc"History of Our Firm". JPMorganChase.
      9. ^de la Merced, Michael J. (June 16, 2008). "JPMorgan's Stately Old Logo Returns for Institutional Business". The New York Times. Retrieved December 14, 2009.
      10. ^"The History of J.P. Morgan Chase & Company"(PDF). 2008. Archived from the original(PDF) on September 27, 2011. Retrieved March 6, 2018.
      11. ^Schulz, Bill (July 29, 2016). "Hamilton, Burr and the Great Waterworks Ruse". The New York Times. ISSN 0362-4331. Retrieved October 30, 2019.
      12. ^ abHansell, Saul (August 29, 1995). "Banking's New Giant: The Deal; Chase and Chemical Agree to Merge in $10 Billion Deal Creating Largest U.s. Bank". The New York Times. ISSN 0362-4331. Retrieved October 30, 2019.
      13. ^ abHansell, Saul (September 3, 1996). "After Chemical Merger, Chase Promotes Itself as a Nimble Bank Giant". The New York Times. ISSN 0362-4331. Retrieved October 30, 2019.
      14. ^Kahn, Joseph; McGeehan, Patrick (September 29, 1999). "Chase Agrees to Acquire Hambrecht & Quist". The New York Times. ISSN 0362-4331. Retrieved October 30, 2019.
      15. ^Journal, Michael R. SesitStaff Reporter of The Wall Street (April 12, 2000). "Chase to Acquire Robert Fleming In $7.73 Billion Stock-Cash Deal". Wall Street Journal. ISSN 0099-9660. Retrieved October 30, 2019.
      16. ^Jimmy Lee's Global ChaseArchived June 28, 2011, at the Wayback Machine. The New York Times, April 14, 1997
      17. ^Kingpin of the Big-Time Loan. The New York Times, August 11, 1995
      18. ^ ab"JPMorgan Chase & Co.

        Simplify expenses and earn rewards with Chase business credit cards

        Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

        If you're a business owner looking to simplify employee spending and earn rewards on expenses, opening a small business credit card is a great idea.

        Credit cards geared toward business owners provide spend management tools, rewards on common business purchases, travel insurance and more benefits to make operating a company easier.

        Chase offers three business credit cards with similar names — Ink Business Unlimited® Credit Card, Ink Business Cash® Credit Card and Ink Business Preferred® Credit Card — that offer cash back or points on all business spending. (Chase also offers co-branded business cards with United and Southwest that may be a fit for frequent fliers, but we're focusing on the Ink cards for this review.)

        Since it can be confusing to separate the key features of each card, CNBC Select did the work for you. Below, we compare the Ink Business Cash card, Unlimited card and Preferred card, so you can choose the best business card for your needs.

        Chase Ink Business cards

        Chase business credit card comparison

        Annual fee $0 $0 $95
        Rewards1.5% cash back rewards on every purchase5% cash back in select business categories3X christian name start with m for girl on travel and other select business categories
        Intro APR0% intro APR for 12 months from account opening on purchases0% intro APR for 12 months from account opening on purchasesNone
        Regular APR13.24%–19.24% variable13.24%–19.24% variable15.99% - 20.99% variable
        Foreign transaction fee3%3%None

        Best for travel

        Ink Business Preferred® Credit Card

        • Rewards

          Earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines), 1X point per $1 on all other purchases

        • Welcome bonus

          Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening

        • Annual fee

          $95

        • Intro APR

          None

        • Regular APR

          15.99% to 20.99% variable

        • Balance transfer fee

          Either $5 or 5% of the amount of each transfer, whichever is greater

        • Foreign transaction fee

          None

        • Credit needed

          Good/Excellent

        Terms apply.

        The Ink Business Preferred Credit Card provides generous travel rewards and benefits that can make business trips more affordable. You and your employees can earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (then 1X).

        Eligible categories include: travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines. All other purchases earn 1X point per dollar.

        In addition to a rewards program, you can benefit from a generous welcome bonus: Earn 100,000 bonus points after you spend $15,000 on purchases in the first three months from account opening.

        An outstanding perk offered by this card is the 25% more value points receive if redeemed for travel via Chase Ultimate Rewards®. So the 100,000 bonus would be worth $1,250 toward airfare or hotels through the Chase Ultimate Rewards® portal.

        You also have the option to transfer points on a 1:1 rate to leading frequent travel programs, such as JetBlue and Hyatt. This card also has no foreign transaction fees, making it ideal for business trips outside the U.S.

        The Ink Business Preferred card does have a $95 annual fee, but you can offset it by spending $3,167 annually on combined 3X rewards categories.

        Best for cash back

        Ink Business Cash® Credit Card

        • Rewards

          Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year (then 1%); 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year (then 1%); 1% cash back on all other purchases

        • Welcome bonus

          Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months after account opening

        • Annual fee

          $0

        • Intro APR

          0% for the first 12 months from account opening on purchases; N/A for balance transfers

        • Regular APR

          13.24% to 19.24% variable

        • Balance transfer fee

          Either $5 or 5% of the amount of each transfer, whichever is greater

        • Foreign transaction fee

          3%

        • Credit needed

          Good/Excellent

        Terms apply.

        If you would rather earn cash back instead of points, the Ink Business Cash credit card offers a competitive program. Cardholders earn the following cash-back rates:

        • 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year (then 1%)
        • 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year (then 1%)
        • 1% cash back on all other purchases

        The welcome bonus can put $750 back in your pocket after you spend $7,500 on purchases in the first three months after account opening.

        Cash back can be used to offset the cost of your bill or for gift cards. You can also redeem rewards for travel through Chase Ultimate Rewards®, just like the Ink Business Preferred card, but won't receive 25% more value.

        Cardholders can also benefit from a 0% APR for the first 12 months from account opening on purchases (then 13.24% to 19.24% variable APR). This can help pay for new business expenses over time.

        The Ink Business Cash card has no annual fee, saving you the $95 cost of the Ink Business Preferred card, but it does have a 3% foreign transaction fee. You should use an alternative card for travel abroad to save money.

        Best for special financing

        Ink Business Unlimited® Credit Card

        • Rewards

          Earn 1.5% cash back on every purchase made for your business

        • Welcome bonus

          Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months after account opening

        • Annual fee

          $0

        • Intro APR

          0% for the first 12 months from account opening on purchases; N/A for balance transfers

        • Regular APR

          13.24% to 19.24% variable

        • Balance transfer fee

          Either $5 or 5% of the amount of each transfer, whichever is greater

        • Foreign transaction fee

          3%

        • Credit needed

          Good/Excellent

        Terms apply.

        Start-up costs and large business purchases can be hard to pay for within the standard 21-day credit card grace period. But if you use the Ink Business Unlimited credit card, you can pay off new purchases over time with no interest charges for the first 12 months from account opening (then 13.24% to 19.24% variable APR).

        This is a great way to finance new furniture, laptops or other high-cost expenses. Granted, you'll need to pay it off before the intro period ends to benefit from no interest charges.

        In addition to special financing, you can earn 1.5% cash back on every purchase made for your business and $750 bonus cash back after you spend $7,500 on purchases in the first three months after account opening.

        Cash back can be redeemed for a statement credit, gift card or travel through Chase Ultimate Rewards®.

        The Ink Business Unlimited card also has no annual fee like the Ink Business Cash card, but it comes with a 3% foreign transaction fee, making it a costly choice for travel outside the U.S.

        Benefits offered by all Chase Ink Business cards

        Chase Ink Business credit cards come with standard benefits and security that provide added value to cardholders. Here's a breakdown of the perks:

        • Free employee cards
        • Cell phone protection
        • Auto rental collision damage waiver
        • Trip cancellation and trip interruption insurance
        • Purchase protection
        • Extended warranty protection

        Learn more:How to apply for a business credit card

        Not a business owner? Check out CNBC Select's list of the Best Chase Credit Cards.

        Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
        Источник: https://www.cnbc.com/select/chase-ink-business-cards/

        5 Best Business Credit Cards That Don’t Report to Personal Credit for 2021

        Editor’s note: This is a recurring post with regularly updated card details.

        Business credit cards issued by banks that don’t report card activity to your personal credit won’t impact your personal credit score. You can use these cards as you normally would to earn introductory rewards, access cheap financing, and keep your business expenses separated. While all the cards listed in this article still require a personal credit check and personal guarantee, your personal credit score won’t be damaged by ongoing business activity.

        The best business credit cards that don’t report to personal credit are:

        Wells Fargo Business Platinum Credit Card: Overall Best Business Credit Card That Doesn’t Report to Personal Credit

        Wells Fargo Business Platinum Credit Card

        Wells Fargo Business Platinum Credit Card
        ?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
        Apply Now

        On Wells Fargo's Secure What credit card has the best cash back FOR

        Choosing cash back or points rewards with no annual fee

        Regular APR
        • Get a one-time $500 cash back bonus or 50,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date; $0 annual rewards fee
        • Earn 1.5% cash back on every $1 spent
        • Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
        • No annual card fee, plus up to 99 employee cards (no additional fee)
        • Cash management tools
        • Spending reports available online
        • Online banking and bill payment options
        Pros
        • Excellent introductory bonus offer
        • No-interest financing period
        • Ongoing bonus rewards for meeting monthly spending requirements
        Cons
        • Low ongoing rewards
        • Airline ticket redemption fees
        • Points have an expiration
        • Purchase security: Wells Fargo offers coverage for purchased items that have been damaged or stolen within 90 days of purchase. They may repair, replace, or reimburse you for the items. Coverage is limited to $10,000 per item and up to $50,000 per year.
        • Wells Fargo design studio: Wells Fargo allows you to design your card by uploading an image that represents your company. For example, the image could be your business logo or storefront.

        Read Full Review

        Why we like it: The Wells Fargo Business Platinum Credit Card helps you build business credit without reporting ongoing activity to your consumer credit report. You’ll get to choose between earning points how to close an account with bank of america online cash back rewards. Plus, with the excellent welcome bonus offer, this is a solid business credit card for any business owner.

        This card earns flat-rate rewards on all purchases you make, also making it a great startup business credit card for owners with fluctuating monthly expenses. It’s an affordable card as well, offering no annual fee and a 0% APR period long enough to save significantly on interest. With all you get out of this card, it’s clear it has the most to offer for owners who want their personal credit unaffected by business activity.

        CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®: Best for American Airlines Rewards

        CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

        CitiBusiness AAdvantage Platinum Select World Mastercard
        ?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
        Apply Now

        on Citi's Secure Website

        BEST FOR

        Frequent American Airlines flyers who want premium airline perks

        Regular APR
        Annual Fee
        $0 for the first year, then $99
        Credit Needed
        • 2 AAdvantage® miles on telecommunications, car rental, gas station purchases
        • 2 AAdvantage® mile on eligible American Airlines purchases
        • 1 AAdvantage® mile on other purchases
        • First checked bag free
        • Terms Apply
        Pros
        • Excellent introductory bonus offer
        • Free first checked bag
        • Priority boarding on American Airlines flights
        Cons
        • No airport lounge access
        • Blackout dates for select booking
        • Some rewards redemption fees may apply
        • Free checked bag: Check one bag for free for you and up to four companions traveling with you to domestic itineraries if they are listed on the same reservation
        • Preferred boarding: You and up to four traveling companions will be able to board once priority boarding is complete but before the rest of economy boards
        • American Airlines companion certificate: Earn one $99 domestic economy fare—plus $21.60 to $43.40 in government taxes and fees—after you make at least $30,000 in eligible purchases each 12-month period before your card anniversary date
        • Savings on inflight purchases: Receive a 25% discount on inflight food, beverage, and Wi-Fi purchases you make with your CitiBusiness credit card

        Read Full Review

        Why we like it: If you’re into travel, it’s best to get a card that offers travel perks and maximizes rewards while building business credit. If you’re a fan of American Airlines, the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® is one of the best cards for traveling owners looking to lower the impact on personal credit. Frequent American Airlines flyers will get free checked luggage and preferred boarding that makes business travel much more comfortable.

        This card is the perfect business card for earning miles that you can redeem for free flights. It also offers a 25% discount on in-flight purchases and a chance to earn a complimentary companion ticket once you meet the spending requirements. However, these card benefits come at the cost of an annual fee, but when you factor in the travel benefits this card offers, it’s worth the cost.

        Wells Fargo Business Elite Card®: Best for Lowest Ongoing APR on Larger Businesses

        Wells Fargo Business Elite SignatureCard®

        Wells Fargo Business Elite SignatureCard®
        ?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
        Apply Now

        On Wells Fargo's Secure Website

        BEST FOR

        Businesses with over $1 million in annual sales

        Regular APR
        Prime + 3.99% on purchases
        Annual Fee
        $75 annual rewards program fee, waived the first year
        • Get a one-time $1,000 cash back bonus or 100,000 bonus points when you enroll in the Business Elite Card Rewards Program and spend $15,000 in the first three months of account open date; $75 annual rewards program fee waived for the first year
        • Earn 1.5% cash back on every $1 spent
        • No foreign transaction fee
        • Up to 200 employee cards
        • Bill payment options
        • Online Business reporting tool
        • $0 additional card fee
        See Full Editorial Review Here
        Pros
        • Low ongoing APR
        • Up to 200 free employee cards
        • Spending controls
        Cons
        • No introductory APR
        • Offers no bonus category rewards
        • Cannot apply online
        • Spending controls: Set transaction limits, time limits, and spending category restrictions on any employee card.
        • Business Elite Online Reporting: Convenientiently Review and track business analytics and spending habits.
        • Auto Rental Collision Damage Waiver: Receive coverage for stolen or damaged rental vehicles, when you waive the rental car merchant’s insurance, up to the cash value of the vehicle.
        • Purchase Security: Get items repaired or replaced that were damaged or stolen within 90 days of purchase, or get reimbursed for the value of the item, up to $10,00 per claim and $50,000 per year.
        • Extended Warranty Protection: Visa will double the length of warranty protection offered by the manufacturer, up to one year, for warranties three years or less.
        • Travel and Emergency Assistance: The cardholders, their spouse, and dependents get free access to emergency, medical, travel, and legal assistance 24 hours a day.

        Read Full Review

        Why we like it: The Wells Fargo Business Elite Card® is designed for businesses that make more than $1 million in annual revenue. It offers decent ongoing rewards with the flexibility to earn either points rewards or cash back. Although the ongoing rewards are not the best, this card offers a lower purchase APR than most business credit cards, which can be state of south dakota employment selling point for some.

        This card charges an annual fee that’s the highest on the list, which may deter some business owners. However, big spenders have a crack at earning one of the highest introductory bonuses on a business card that can offset the annual cost for the first year. Plus, you’ll get a $100 annual reimbursement for travel expenses that makes sticking with this card long-term even more beneficial.

        Costco Anywhere Visa® Business Card: Best for Costco Members

        Costco Anywhere Visa® Business Card by Citi

        Costco Anywhere Visa® Business Card by Citi
        ?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
        Apply Now

        On Citi's Secure Website

        BEST FOR

        Existing or new Costco members

        Regular APR
        Credit Needed
        • 4% Cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year and then 1% thereafter
        • 3% Cash back on restaurant and eligible travel purchases worldwide
        • 2% Cash back on all other purchases from Costco and Costco.com
        • 1% Cash back on all other purchases
        See Full Editorial Review Here
        Pros
        • Top gas rewards at Costco stations
        • No annual fee
        Cons
        • Rewards must be redeemed at a Costco location
        • No introductory rewards
        • Car rental insurance: Offers primary coverage, which means you won’t need to use your personal auto insurance or accept insurance offered by the rental agency. Coverage is limited to $50,000.
        • Purchase protection: The issuer may repair or reimburse for items purchased with your business Costco card ― or your reward certificate ― that are damaged or stolen within 120 days of purchase or 90 days for New York residents.

        Read Full Review

        Why we like it: Another heavy hitter from Citi is the Costco Anywhere Visa® Business Card. This card offers great rewards for regular Costco shoppers, and especially for those who spend regularly on gas. You’ll earn this card’s best rewards not only on Costco gas purchases but also on gas from anywhere else. Additionally, the travel rewards you’ll earn are stellar for a card that charges no annual fee.

        This card packs quite a punch, earning great rewards on all Costco expenses in addition to second-tier rewards on restaurant and eligible travel purchases. However, you will need a Costco membership to open this card, which starts at $60 per year.

        On the downside, the redemption of rewards isn’t as convenient as most cards. Cardholders will receive redeemed rewards in the form of an annual certificate each February. You can redeem that certificate for cash at a Costco warehouse location or for Costco purchases. However, since you only get one certificate each year, you shouldn’t count on this card for immediate cash redemption.

        Wells Fargo Business Secured Card: Best for Boosting Poor Business Credit Scores

        Wells Fargo Business Secured Credit Card

        Wells Fargo Business Secured Credit Card
        ?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
        Apply Now

        On Wells Fargo's Secure Website

        BEST FOR

        Business owners with poor credit

        Regular APR
        Prime + 11.90% on purchases
        • Cash Back option: Earn 1.5% cash back on every $1 spent
        • Reward Points option: Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
        • $0 annual rewards program fee
        • $500 to $25,000 credit line
        • Zero liability protection
        Pros
        • Approval with credit scores below 580 
        • Your choice of fixed-rate cash back or points rewards
        Cons
        • Requires a security deposit of at least $500
        • Has an annual fee
        • Purchase Assurance: Wells Fargo will repair, replace, or reimburse you for items that are damaged or stolen within 90 days of purchase.
        • Design Studio: Include a personal image or business design jaguar f pace lease your credit card.

        Read Full Review

        Why we like it: This secured card doesn’t boast high rewards and card perks, but it’s a great fit for owners with low credit scores who can’t get approved for a traditional business credit card. It has a credit limit equal to a cash deposit held in a collateral account, and you’ll need a security deposit of at least $500 to qualify. However, you can deposit as much as you like for the credit line you need, up to $25,000.

        In true Wells Fargo fashion, this card allows business owners the option of rewards—you’ll earn points or cash back on every purchase. If you choose the points option, you can earn an introductory bonus worth approximately $100. Although this card doesn’t offer fantastic rewards, it’s the best option available for owners with credit scores below 570.

        Business Credit Card Issuers That Don’t Report to Personal Credit

        The two business credit card issuers that don’t report to personal credit bureaus are Citi and Wells Fargo. Business credit card activity from these issuers won’t impact your personal credit, which means you won’t be able to build your personal credit score. If you want to grow your business and personal credit scores, get a business credit card through an issuer that reports to personal credit.

        Major Business Credit Card Issuers Credit Reporting Policies

        *For business owners who’ve opened a Capital One Spark Cash for Business card on or after October 20, 2020, Capital One will no longer report to personal credit bureaus as long as an account remains in good standing. All other Capital One Spark for Business cards report chase business credit card no personal guarantee activity to personal credit.

        When Do Credit Cards Report to Credit Bureaus?

        Credit card issuers typically report to the credit bureaus once per billing cycle—every 30 days. The exact date may vary per card issuer, so it’s good to confirm your bank’s reporting policy to avoid any complications. The information these issuers report includes two key factors that make up your credit scores-credit card balances and payment history.

        When Business Credit Card Activity Impacts Personal Credit

        Most business credit card issuers will make a hard inquiry on your personal credit during the application process, which can lower your credit score temporarily. However, ongoing business card activity like balances, payment history, and credit utilization ratio only impact your personal credit if the issuer reports it to the consumer credit bureau.

        Some business credit card issuers, including American Express, Bank of America, Chase Bank, Capital One, and U.S. Bank, will report to your personal credit only if your account is delinquent. However, each business credit card issuer has its own policies regarding credit bureau reporting.

        Pros of Business Credit Cards That Don’t Report to Personal Credit

        • Ongoing activity won’t impact your personal credit: With business credit cards that don’t report to personal credit, you don’t run the risk of your business’s activity damaging your personal credit. This is a great way to protect your personal credit score when you own a business.
        • Credit utilization won’t affect personal credit: Business credit cards typically accumulate higher balances. However, these cards won’t report this information to personal credit bureaus, which can help keep your personal credit utilization ratio low. A low credit utilization ratio is a good way to maintain a strong personal credit score.

        Cons of Business Credit Cards That Don’t Report to Personal Credit

        • You can’t build personal credit: Business credit cards that don’t report to personal credit won’t allow you to improve your personal credit score. If you want to build your personal credit, you’ll need to choose another credit card issuer like Capital One or Discover.
        • You’ll have to provide a personal guarantee: Although these cards don’t report to personal credit, most business credit cards still require a personal guarantee. If you don’t want to be held personally responsible for business cards, consider business credit cards without personal guarantees.

        How We Evaluated Business Credit Cards That Don’t Report to Personal Credit

        When deciding on the best options for this list, we considered business credit cards that don’t report ongoing activity to your personal credit as the most important feature. Although these cards protect your personal credit scores, it’s also important to consider cards that offer the most benefit for your business. So, we also reviewed cards with great rewards, card perks, and low fees that also help you build business credit.

        Bottom Line

        Having a business credit card that doesn’t report ongoing activity to your personal credit can help you build your business credit while protecting your personal credit. The best cards also earn rewards and give you access to additional business perks. To get the most value out of a rental properties nags head north carolina, you should look for a card that can do all the above.

      Источник: https://fitsmallbusiness.com/business-credit-cards-dont-report-personal-credit/

      23 Best Small Business Credit Cards – Reviews & Comparison

      Small business credit cards are increasingly popular business financing options, particularly for entrepreneurs who don’t qualify for traditional business loans and don’t have access to networks filled with deep-pocketed family members, friends, and colleagues. No matter what your business does, a credit card can probably help – as long as you use credit wisely and avoid making purchases your company can’t afford.

      Small business credit cards typically have higher spending limits and more generous rewards programs than consumer cards. Some have additional benefits, such as low APRs, attractive balance transfer promotions, personalized concierge service, and fringe benefits. However, many also come with annual fees and require good or excellent credit to qualify.

      The Basics of Small Business Credit Cards: What to Know

      Keep in mind that qualifying for business credit cards is a bit different from qualifying for consumer credit cards. Some issuers simply require you to submit a valid Social Security number and affirm in writing that you’ll use the card exclusively for business purposes.

      Such laid-back issuers welcome freelancers and solopreneurs – basically, anyone who files a Schedule C at tax time, including people who don’t really think of themselves as business owners.

      Some issuers are more strict. They request a federal employer identification number (EIN), seek evidence of incorporation, or ask for financial statements. If you can’t prove that you actually own an incorporated business with legitimate cash flow, you won’t qualify.

      Also, remember that business credit cards are exempt from some of the protections of the CARD Act, including the requirement that card issuers regularly notify cardholders of changes in terms and conditions. The following small business credit cards offer a favorable mix of advantages and drawbacks for business owners with strong credit.

      The Best Small Business Credit Cards Right Now

      Without further ado, these are the best small business credit cards on the market right now. They include a mix of low-interest credit cards, travel rewards credit cards, cash back credit cards, and general-purpose rewards cards.

      1. Chase Ink Business Unlimited® Credit Card

      $750 Sign-up Bonus; Unlimited 1.5% Cash Back on All Eligible Purchases

      Ink Business Unlimited Card Art 7 30 21

      The Chase Ink Business Unlimited® Credit Card is an annual-fee-free business credit card best bb cream for combination skin echoes the Chase Freedom Unlimited® Credit Card, a consumer credit card that also earns unlimited 1.5% cash back.

      Ink Business Unlimited accrues cash back via Ultimate Rewards points, which can be redeemed for cash, gift cards, travel purchase, and general merchandise.

      Additional perks include a generous sign-up bonus – worth $750 after you spend $7,500 in purchases within 3 months – and a 12-month, 0% APR promotion on purchases. The latter is a rarity among small business credit cards.

      • Sign-up Bonus: Earn $750 bonus cash after you spend $7,500 in purchases within 3 months after account opening.
      • Key Fees: This card has no annual fee and no employee card fees. The foreign transaction fee is 3%.
      • Introductory APR: 0% APR on purchases for 12 months from account opening.
      • Regular APR: Once the promotional period ends, the regular APR ranges between 13.24% to 19.24% variable, depending on your personal creditworthiness and prevailing interest rates.
      • Other Perks: Value-added benefits include complimentary auto rental insurance when you pay for your rental in full with your card, purchase protection on covered items for 120 days up to $10,000 per claim, and a 1-year extended warranty on items with existing eligible warranties of 3 years or less.

      See our Chase Ink Business Unlimited Card Review for more information. Learn more about this card and find out how to apply here.

      Apply Now


      2. Chase Ink Business Cash® Credit Card

      $750 Sign-up Bonus; 5% Cash Back on Communications & at Office Supply Stores; 2% Cash Back at Gas Stations & Restaurants

      Ink Business Cash Card Art 7 30 21

      The Chase Ink Business Cash® Credit Card is a popular business credit card with a generous cash back rewards program, solid sign-up bonus, and reasonable APR. It holds down the Ink stable with the Chase Ink Business Preferred and Unlimited Cards (see below and above), both of which offer different (but no less rewarding) opportunities for frequent spenders.

      This card has a nice sign-up bonus. After you spend at least $7,500 within 3 months of opening your account, you get $750 bonus cash back.

      The ongoing rewards program is great too:

      • From day one, you earn 5% cash back for office supply store and communications purchases (including Internet, TV, landline, and cell phone services), up to $25,000 per year.
      • You earn 2% cash back on gas station and restaurant purchases, up to $25,000 per year. After reaching the $25,000 cap, you earn unlimited 1% cash back on these spending categories.
      • All other purchases earn 1% unlimited cash back as well.

      Redeem accumulated cash back for statement credits or direct deposits starting at $20, airfare booked through Chase’s Ultimate Rewards portal (which offers the opportunity to boost your cash back by 20%, turning $500 in cash back into $625 in travel purchases), gift cards, and Amazon purchases. Redemptions start at $20.

      • Sign-up Bonus: Earn $750 bonus cash back when you spend at least $7,500 within 3 months of signing up.
      • Key Fees: There’s no annual fee. Foreign transactions cost 3% of the total transaction amount.
      • Introductory APR: 0% on purchases for 12 months.
      • Regular APR: Following the conclusion of the introductory period, the regular purchase APR is 13.24% to 19.24% variable, depending on your personal creditworthiness and prevailing interest rates. The cash advance APR is 24.99% variable.
      • Other Perks: Chase’s Purchase Protection plan covers new purchases against damage or theft for 120 days, up to $10,000 per claim and $50,000 total per account. The Extended Warranty plan offers complimentary extended warranty protection for an additional 12 months on warranties originally set to expire after three years or less.

      See our Chase Ink Business Cash Card Review for more information. Find out how to apply for this card here.

      Apply Now


      3. Chase Ink Business Preferred® Credit Card

      100,000-Point Sign-up Bonus; 3x Points on Travel, Shipping, Telecommunications & Advertising

      Ink Business Preferred Card Art 7 30 21

      The Chase Ink Business Preferred® Credit Card is a longtime favorite of Chase small business card users. Though it has a $95 annual fee that’s not waived in the first year, you get what you pay for with:

      • A generous rewards program that favors travel and everyday business purchases.
      • An attractive points transfer feature that lets you swap your Chase Ultimate Rewards points for other companies’ loyalty currency at a 1-to-1 ratio.
      • Perhaps best of all, a massive sign-up bonus worth up to $1,250 in free travel.

      When you spend at least $15,000 within 3 months of opening your account, you get 100,000 bonus Ultimate Rewards points. That’s worth $1,000 when redeemed for cash, and $1,250 when redeemed for travel (thanks to Chase’s 25% bonus on all travel redemptions). If you travel a lot for business, that’s hard to resist.

      This card’s regular rewards program is equally impressive. The 3x tier is unusually generous: cardholders get 3 points per $1 spent on travel, shipping purchases, telecommunications purchases (such as Internet, cable, mobile phone bills), and advertising, up to $150,000 in combined spending across those categories in each account anniversary year. All other purchases earn unlimited 1 point per $1 spent.

      Redemption options include cash, travel, gift cards, Amazon.com purchases, general merchandise, and much more. And cardholders can increase the value and flexibility of their earned points by transferring them at a 1-to-1 ratio to popular travel loyalty programs such as British Airways Executive Club, Southwest Airlines Rapid Rewards, United MileagePlus, Marriott Rewards, and IHG Rewards Club.

      • Sign-up Bonus: Earn 100,000 Ultimate Rewards points, worth up to $1,250 on travel and $1,000 in cash, when you spend at least $15,000 within three months of account opening.
      • Key Fees: There’s a $95 annual fee, but no foreign transaction fee.
      • Introductory APR: There’s no introductory APR promotion.
      • Regular APR: From the day you open your account, the regular APR is 15.99% to 20.99% variable, depending on your personal creditworthiness and prevailing interest rates. The cash advance APR is 24.99% variable.
      • Other Perks: This card comes with a slew of value-added benefits, including a cell phone protection plan (up to $600) when you pay your cell phone bill in full with your card; complimentary loss and damage coverage on rental cars paid in full with this card; purchase protection for up to 120 days; extended warranties on purchased items with existing manufacturers’ warranties; and trip cancellation and interruption insurance worth up to $5,000 per incident.

      See our Chase Ink Business Preferred Card Review for more information. Learn more about this card and find out how to apply here.

      Apply Now


      4. American Express Blue Business Cash™ Card

      2% Cash Back on the First $50,000 in Eligible Purchases

      American Express Blue Business Cash Card

      The American Express Blue Business Cash™ Card is a popular American Express credit card with a generous 0% APR introductory promotion (12 months), solid cash rewards program, and relatively low fees.

      All eligible purchases made with this card earn 2% cash back, up to $50,000 per year. Purchases over the $50,000 annual spending cap earn 1% cash back. Cash back automatically comes as a statement credit on the second statement after it’s earned. Terms and conditions apply – see rates and fees.

      • Welcome Offer: Earn a $250 statement credit after you make $3,000 in eligible purchases on your new card in the first 3 months.
      • Key Fees: There’s no annual fee, but foreign transactions cost 2.7%, and late and returned payments cost up to $39.
      • Introductory APR: 0% APR for 12 months from account opening on purchases. For rates and fees of the American Express Blue Business Cash™ Card, please visit this rates and fees page.
      • Regular APR: Following the end of the introductory period, variable regular APR applies: 13.24% to 19.24% variable, depending on your personal creditworthiness and prevailing interest rates. See rates and fees for more details.
      • Terms and Conditions Apply: See rates and fees

      See our American Express Blue Business Cash Card Review for more information. Find out how to apply for this card here.

      For rates and fees of the American Express Blue Business Cash™ Card, please visit this rates and fees page.

      Apply Now


      5. The Business Platinum Card® from American Express

      Enjoy a Fantastic Welcome Offer and 5x Points on Airfare & Hotels Booked Through Amex Travel

      Amex Business Platinum Card Art 7 1 21

      The Business Platinum Card® from American Express is a popular business card that comes with a generous welcome offer and lavish perks that compensate for a hefty annual fee of $595 ($695 if your application is received on or after Jan. 13, 2022). (For rates and fees of the Business Platinum Card® from American Express, please visit this rates and fees page.)

      This card’s top perks include:

      • A $200 statement credit for purchases made with an airline of your choice (enrollment required)
      • Complimentary access to more than 1,300 airport lounges worldwide through the American Express Global Lounge Collection (enrollment required)
      • Free WiFi at more than 1 million Boingo hotspots worldwide
      • Reimbursement for TSA Precheck application fees (up to $100)
      • A 35% bonus when using Membership Rewards® points to book travel with your selected qualifying airline, up to 500,000 bonus Membership Rewards® points each calendar year

      The Business Platinum Card from American Express has a points-based rewards system and capital one mobile app verification fantastic welcome offer: 120,000 Membership Rewards points after you spend at least $15,000 on eligible purchases in the first 3 months.

      Moving forward, airfare and prepaid hotel purchases booked through American Express Travel earn 5 points per $1 spent. Purchases in key business spending categories and all other purchases greater than $5,000 earn 1.5 points per $1 spent (cap applies). All other purchases earn an 1 point per $1.

      Redeem accumulated points for gift cards, online shopping, travel purchases, statement credits, and more. Redemption minimums start at 1,000 points. Point values vary by redemption method, but rarely exceed $0.01 – for instance, statement credits value points at $0.006 apiece, while gift cards value points at $0.01 apiece. Terms and conditions apply – see the full list of rates and fees.

      • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend at least $15,000 in eligible purchases within 3 months of opening your account.
      • Key Fees: There’s a $595 annual fee ($695 if your application is received on or after Jan. 13, 2022), but no foreign transaction fee. Late payments cost up to $39 or 2.99% of the outstanding balance, and returned payments cost up to $39. For rates and fees of the the Business Platinum Card® from American Express, please visit this rates and fees page.
      • Introductory APR: 0% introductory APR for 12 months from account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% APR, depending on your creditworthiness and other factors as determined at time of account opening. Terms apply.
      • Other Perks: Notable benefits for small business owners include up to $400 in annual purchase credits (statement credits) for U.S. purchases with Dell (terms apply and enrollment is required).

      See our American Express Business Platinum Card Review for more information. Find out how to apply for this card here.

      For rates and fees of the Business Platinum Card® from American Express, please visit this rates and fees page.

      Apply Now


      6. American Express® Business Gold Card

      4x Points in Your 2 Top-Spending Categories Each Year; 25% Point Bonus on Airline Purchases Paid With Redeemed Points

      American Express Business Gold Card

      The American Express® Business Gold Card is another American Express card with a rather high annual fee, a solid rewards program, a nice welcome offer, and attractive membership perks.

      For starters, you’ll earn 4 points per $1 on the first $150,000 in annual purchases in the 2 categories where your business spent the most that year. Categories include:

      • Airfare purchased directly from airlines
      • U.S. purchases for advertising in select media
      • U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
      • U.S. purchases at gas stations
      • U.S. purchases at restaurants
      • U.S. shipping purchases

      All other purchases, including purchases made in your 2 favored categories above the $150,000 annual spending cap, earn 1 point per $1 spent. Keep in mind that the categories account for U.S. purchases only, with the exception of airlines.

      You can redeem your points for gift cards, travel purchases, online merchandise, and more through American Express’s Membership Rewards portal. Redemptions start at 1,000 points, and points are worth between $0.005 and $0.01 when redeemed.

      There’s no preset spending limit on this card, though failure to pay your balance can lead to restrictions. No preset spending limit means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history. Terms and conditions apply – rates and fees.

      • Welcome Offer: Earn 70,000 bonus Membership Rewards points when you spend at least $10,000 in eligible purchases with your American Express Business Gold Card within the first 3 months of membership.
      • Key Fees: There’s a $295 annual fee and no foreign transaction fees. Late payments cost $39 or 2.99% of the late balance, and returned payments cost up to $39.
      • Introductory APR: There is no introductory APR. For rates and fees of the American Express® Business Gold Card, please visit this rates and fees page.
      • APR: The regular variable APR ranges from 14.24% to 22.24%, depending on your creditworthiness and other factors. See this rates and fees page for more.
      • Other Perks:  When you use points to book certain airline travel through Amex Travel, you’ll get 25% points back as a bonus.

      See our American Express® Business Gold Card Review for more information. Find out how to apply for this card here.

      For rates and fees of the American Express® Business Gold Card, please visit this rates and fees page.

      Apply Now


      7. The Blue Business® Plus Credit Card from American Express

      2X Membership Rewards® Points on up to $50,000 in Purchases per Year

      Amex Blue Business Plus Card Art 6 3 21

      The Blue Business® Plus Chase business credit card no personal guarantee Card from American Express is a popular business card with a nice rewards program and a long 0% APR introductory promotion.

      This card rewards you for conducting business as usual. You earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. The 2X rate applies to the minnesota state university mankato clothing $50,000 in purchases per year, 1 point per dollar thereafter.

      Redeem accumulated points for gift cards, online merchandise purchases, travel purchases, and more through American Express’s Membership Rewards® portal. Points are typically worth $0.005 to $0.01 when redeemed, and redemption minimums start at 5,000 points. Terms and conditions apply – see the full list of rates and fees.

      • Welcome Offer: Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of card membership.
      • Key Fees: There’s no annual fee. Foreign transactions cost 2.7% and balance transfers cost $5 or 3%. Late and returned payments cost up to $39.
      • Introductory APR: 0% APR on purchases for 12 months from account opening date. Then variable regular APR applies, based on your creditworthiness and other factors. For rates and fees of the Blue Business® Plus Credit Card from American Express, please visit this rates and fees page.
      • Regular APR: Following the end of the introductory period, the variable regular APR for purchases currently rises to 13.24% to 19.24% variable, depending on prevailing interest rates and your personal creditworthiness. Please visit this rates and fees page for more detail.
      • Terms and Conditions Apply: See rates and fees

      See our American Express Blue Business® Plus Card Review for more information. Find out how to apply for this card here.

      For rates and fees of the Blue Business® Plus Credit Card from American Express, please visit this rates and fees page.

      Apply Now


      8. U.S. Bank Triple Cash Rewards World Elite™ Mastercard®

      Up to 3% Cash Back on Eligible Purchases & 0% APR for 15 Billing Cycles on Purchases & Balance Transfers

      U.s. Bank Business Triple Cash Card Art 8 2 21

      The U.S. Bank Triple Cash Rewards World Elite™ Mastercard® is an excellent business cash back credit card that earns up to 3% cash back on eligible net gas station, office supply store, restaurant, and cell phone or service provider purchases and 1% cash back on all other eligible purchases. An unusually long 0% APR introductory promotion on purchases and balance transfers doesn’t hurt either.

      • Sign-up Bonus: For a limited time, earn $500 bonus cash back after spending $4,500 in eligible purchases during the first 150 days your account is open.
      • Key Fees: There is no annual fee or fee for additional employee cards. The foreign transaction fee is 3% of the transaction amount.
      • Introductory APR: 0% APR on balance transfers and purchases for the first 15 billing cycles your account is open, then variable regular APR applies, currently 13.99% to 22.99%.
      • Other Perks: This card comes with a standard lineup of World Elite Mastercard protections and benefits, plus other useful perks like an annual credit worth $100 against eligible recurring software subscriptions.
      • Terms and Conditions Apply: see rates & fees

      Learn more about this card and find out how to apply here.

      Learn More


      9. Divvy

      No Fees & Employee Cards for All

      Divvy Card

      Divvy is a scalable business line of credit with no fees and a flexible rewards program that pays you back for the purchases you need to make every day.

      The Divvy difference starts with a nontraditional underwriting process that considers cash supply, not just business credit. That’s valuable for newer businesses with ample cash on hand.

      Divvy also offers employee cards with customizable spend controls and analytics, plus unlimited virtual cards for digital purchases. And Divvy regularly reports payment behavior, helping you build business credit with responsible use.

      • Key Fees: Divvy charges no account fees, period.
      • Introductory APR: None.
      • Other Perks: Divvy works with a rotating group of corporate partners to deliver exclusive, limited-time offers to its clients. Plus, its regular rewards program is as flexible as the credit line itself — ensuring you’re rewarded for the purchases most important to your business.

      Apply Now


      10. Ramp

      Great Account Opening Bonus Upon Approval

      Physical Flat Tight (1)

      Ramp is a totally free corporate card built to simplify and strengthen your company’s finances. With a novel underwriting process that can produce limits 10 to 20 times higher than traditional business credit cards’ and no founder guarantee required, it’s a fantastic choice for organizations poised for growth.

      Unlimited virtual and physical cards for employees and 1.5% cash back on every purchase (no exceptions) can’t hurt either.

      • Sign-up Bonus: $250 Amazon gift card to businesses that are approved and pay their first statement of $1,000 or more.
      • Key Fees: There’s no annual fee.
      • Introductory APR: None.
      • Other Perks: Enjoy a slew of business-friendly perks and capabilities: unlimited virtual and physical cards to help you keep track of spending across your organization, automated receipt collection and matching, integrations with top third-party accounting providers like QuickBooks and Xero, more than $175,000 in partner benefits, and much more.

      Apply Now


      11. The Brex Mastercard Corporate Credit Card for Startups

      Flexible Rewards That Fit Your Business Spending

      Brex Card Image

      The Brex Mastercard Corporate Credit Card for Startups is a super-generous corporate rewards credit card with virtually no fees. Unlike most other business credit cards, it requires no personal guarantee (even for small business users) and promises a credit limit 10 times your current corporate card’s.

      The catch: Your statement balance is automatically paid in full on a net 30 basis, so you can’t carry balances from month to month.

      There’s more. When you agree to make Brex for Startups your primary credit card, you gain access to a fantastic rewards program that offers:

      • 7 points per $1 spent on rideshare purchases, including Uber, Lyft, taxi, and scooter rides
      • 4 points per $1 spent on flights, hotels, and Airbnb stays booked with Brex Travel
      • 3 points per $1 spent on all eligible restaurant purchases
      • 2 points per $1 spent on recurring software purchases
      • 1 point per $1 spent on all other eligible purchases

      Beyond its rewards program, this card’s benefits include a virtual card (ideal for online transactions) and partner offers cumulatively worth thousands. Partner vendors include Google Ads, Zendesk, and AWS.

      • Sign-up Bonus: Brex offers a slew of partner offers for new cardholders, including up to $100,000 in Amazon Web Services credits (depending on company funding), 50% off on all annual Dropbox Business Standard subscriptions, and a three-month discounted starter package (including one month free) for DoorDash’s DashPass food delivery subscription service. See terms for details.
      • Key Fees: The only regular fee is a $5-per-month charge per card for extra employee cards after the first 5 cards.
      • Introductory APR: N/A
      • Regular APR: N/A
      • Other Perks: Value-added benefits include a receipt capture feature that integrates directly with your statement, employee management tools, and an expense management platform that provides greater visibility into spending by employees and the primary cardholder.

      Learn more about this card and find out how to apply here.

      Apply Now


      12. Capital One Spark Cash Plus

      Big Early Spend Bonus; Unlimited 2% Cash Back on All Purchases

      Capital One Spark Cash Select Card Art 8 17 21

      Capital One Spark Cash Plus is a business cash back card with an excellent early spend bonus and a generous rewards program that treats all purchases the same. From the outset, all purchases earn unlimited 2% cash back, with no caps or restrictions.

      Once you’ve racked up some cash back, you can redeem it in any amount for us bank inside schnucks hours or general statement credits. Spend at least $200,000 in a year and you’ll earn a $200 cash bonus.

      • Early Spend Bonus: Earn up to $1,000 bonus cash. First, earn $500 bonus cash once you spend at least $5,000 in eligible purchases within 3 months of account opening. Then, earn $500 bonus cash (additional) once you spend at least $50,000 within 6 months of account opening.
      • Key Fees: There’s a $150 annual fee but no foreign transaction fees. 
      • Other Perks: Get a customized, itemized quarterly spending report with your statement four times per year.

      See ourCapital One Spark Cash Plus Card Review for more information. Learn more about this card and find out how to applyhere.

      Learn More


      13. Capital One® Spark® Miles for Business

      Big Early Spend Bonus; 2 Miles Per $1 Spent on All Purchases

      Capital One Spark Miles Card Art 8 17 21

      Capital One Spark Miles for Business has a $95 annual fee after the first year, a solid travel rewards program, and a very attractive early spend bonus worth 50,000 bonus miles (a $500 value at redemption).

      Moving forward, all purchases earn an unlimited 2 miles per $1 spent, with no spending caps or categories. Accumulated miles can be redeemed for statement credits or direct purchases (through Capital One) on a wide range of travel-related items, including airfare and hotel stays, at a rate of $0.01 per mile.

      You can also transfer your miles to more than 15 leading travel programs.

      • Early Spend Bonus: Earn 50,000 bonus miles when you spend at least $4,500 during the first 3 months of account opening. This bonus is worth $500 when redeemed for statement credits usaa car insurance near me travel purchases.
      • Key Fees: The $95 annual fee is waived for the first year. There’s no balance transfer fee or foreign transaction fee.
      • Introductory APR: There’s no intro APR.
      • Other Perks: Capital One’s emergency assistance program reimburses you for trips and reservations that need to be canceled due to illness, accidents, and other uncontrollable events.

      See ourCapital One Spark Miles for Business Review for more information. Learn more about this card and find out how to apply here.

      Learn More


      14. CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

      65,000 Bonus Miles After Spending $4,000 in Eligible Purchases Within the First 4 Months

      Citibusiness Aa Platinum Select Card Art

      The CitiBusiness® / AAdvantage® Platinum Select® Mastercard® is a fantastic spending aid for frequent American Airlines flyers (and anyone who bealls stage stores credit card with American’s alliance partners). Its rewards program promises 2 AAdvantage miles per $1 spent on American Airlines purchases, plus 2 miles per $1 spent on purchases in four business spending categories:

      • Telecommunications (including cell phones and plans)
      • Cable and satellite providers
      • Gas stations
      • Car rental merchants

      All other purchases earn an unlimited 1 mile per $1 spent.

      This card has an excellent sign-up bonus that should more than cover the mileage cost of a round-trip main cabin award flight anywhere in the United States. Don’t miss the companion certificate offer, a nice perk for heavy spenders, and the multitude of in-flight benefits.

      • Sign-up Bonus: Earn 65,000 bonus AAdvantage miles after spending $4,000 in eligible purchases within the first 4 months your account is open.
      • Key Fees: The annual fee is $99 after the first year. There’s no foreign transaction fee.
      • Introductory APR: None.
      • Other Perks: Enjoy a companion certificate (good for one round-trip main cabin domestic airfare) after spending $30,000 or more in purchases in a cardmembership year. Plus, get priority boarding, 25% off in-flight WiFi, and a free checked bag for yourself and up to four ticketed traveling companions on American Airlines flights.

      See our CitiBusiness / AAdvantage Platinum Select  Mastercard Review for more information. Learn more about this card and find out how to apply here.

      Learn More


      15. Marriott Bonvoy Business™ American Express® Card

      Fantastic Welcome Offer; 6 Marriott Bonvoy Points per $1 Spent at Participating Marriott Bonvoy Hotels

      American Express Marriott Bonvoy Business Card

      The Marriott Bonvoy Business™ American Express® Card is the business version of the Marriott Bonvoy Brilliant American Express Card. The two cards have similar fees, terms, rewards programs, and fringe benefits.

      Eligible purchases at participating Marriott Bonvoy hotels earn 6 points per $1 spent. Eligible purchases made at U.S. restaurants, U.S. gas stations, on wireless telecom purchases made directly with U.S. providers, and U.S. shipping purchases earn 4 points per $1 spent. All other eligible purchases earn 2 points per $1 spent.

      You can redeem accumulated Bonvoy points for free nights at participating Marriott Bonvoy hotels. All cardholders in good standing enjoy wix app customer service Marriott Bonvoy Silver Elite status and one free night award every year after your account anniversary at participating Marriott Bonvoy hotels with redemption levels at or under 35,000 points per night.

      Plus, when you make $35,000 or more in eligible purchases on your card in a calendar year, you’re upgraded to Gold Elite Status. And, when you make at least $60,000 in eligible purchases on your card in a calendar year, you receive an additional award night at participating hotels with redemption levels at or under 35,000 points per night.

      All told, Bonvoy Business is a great card for business owners who regularly travel. Terms and conditions apply – see rates and fees.

      • Welcome Offer: Earn 75,000 Marriott Bonvoy bonus points after you use your new card to make $3,000 in eligible purchases within the first 3 months. Plus, earn up to $150 back in statement credits on eligible purchases made with your new card during the first 3 months. 
      • Key Fees: The card’s annual fee is $125. There are no foreign transaction fees. Cash advances cost the greater of $5 or 3%. Late and returned payments cost up to $39. For rates and fees of the Marriott Bonvoy Business™ American Express® Card, please visit this rates and fees page.
      • Introductory APR: None. Variable APR applies from day one.
      • Regular APR: The variable regular APR ranges from 15.74% to 24.74%, depending on creditworthiness and other factors. For rates and fees of the Marriott Bonvoy Business™ American Express® Card, please visit this rates and fees page.
      • Other Perks: Enjoy free in-room premium WiFi, complimentary Silver Elite Status, upgrade to Gold Elite Status with $35,000 in eligible purchases on your card in a calendar year, 1 free award night each year after your cardmember anniversary, and an additional free award night after you spend at least $60,000 in purchases in a calendar year (redemption level at or below 35,000 points for both award nights).

      See our Marriott Bonvoy Business™ American Express® Card Review for more information. Find out how to apply for this card here.

      For rates and fees of the Marriott Bonvoy Business™ American Express® Card, please visit this rates and fees page.

      Apply Now


      16. World of Hyatt Business Credit Card

      Earn 9 points Total per $1 Spent at Hyatt

      Hyatt Business Card Art 10 7 21

      The World of Hyatt Business Credit Card is the small-business companion to the consumer-focused World of Hyatt Credit Card. It’s great for Hyatt loyalists who frequently stay at participating properties in the chain’s 1,000-strong network.

      World of Hyatt Business has a generous rewards program:

      • Earn 9 points total per $1 spent on eligible purchases at Hyatt properties: 4 bonus points per $1 spent and 5 base points as a World of Hyatt member.
      • Earn 2 bonus points per $1 spent in your top 3 spend categories each quarter through Dec. 31, 2022, then your top 2 categories each quarter.
      • Earn 2 bonus points per $1 spent on fitness club td bank hours saturday drive thru gym memberships.
      • Earn 1 bonus point per $1 spent on all other eligible purchases.

      And for new cardholders, the hefty sign-up bonus is not to be missed.

      • Sign-up Bonus: Earn 75,000 bonus points after you spend at least $7,500 on purchases in your first 3 months of account opening.
      • Key Fees: The annual fee is $199. There’s no foreign transaction fee.
      • Other Perks: Enjoy up to $100 in Hyatt statement credits each year — spend at least $50 at any Hyatt property and get a $50 statement credit, up to 2 times per anniversary year. Plus, get 5 Tier-Qualifying Night credits and Milestone rewards for every $10,000 you spend in a calendar year. Michael zetterer werder bremen enjoy complimentary World of Hyatt Discoverist status for as long as your account remains open and i good standing.

      Find out how to apply for this card here.

      Apply Now


      17. Delta SkyMiles® Reserve Business American Express Card

      Up to 60,000 Bonus MQMs Yearly and Generous Delta Perks

      Delta Reserve Business Card Art 8 26 20

      The Delta SkyMiles® Reserve Business American Express Card is a super-premium business travel card designed for frequent Delta flyers who like to travel in style.

      This card comes in this far down our list primarily because of its hefty annual fee and its limited appeal outside the frequent Delta flyer club. (For rates and fees of the Delta SkyMiles® Reserve Business American Express Card, please visit this rates and fees page.) But if your business travel habits, lifestyle, and budget allow, it’s hard to see why you wouldn’t want to have this card in your wallet.

      Big spenders make out especially well with this card. Spend $30,000 in eligible purchases in a calendar year and you’ll get 15,000 bonus Medallion Qualification Miles (MQMs) with Status Boost, up to 4 times per year (for a total potential haul of 60,000 bonus MQMs).

      And, when you spend at least $25,000 in eligible purchases in a calendar year, you’ll qualify for the Medallion Qualification Dollar (MQD) waiver, making it even easier to ascend the Medallion status ranks and earn coveted Delta perks.

      Delta SkyMiles Reserve Business earns 3 SkyMiles per $1 spent on eligible Delta purchases. But, given the Medallion status benefits and other generous perks, such as complimentary access to the Centurion Lounge or the Escape Lounge – The Centurion Studio Partner when you purchase a Delta flight with your SkyMiles Reserve Business card (enrollment required), the regular rewards rate is almost beside the point.

      Medallion status is pretty complicated. If you’re new to the ranks of Delta frequent flyers, check out this primer on the Delta Medallion program. Terms and limitations apply: see rates & fees.

      • Welcome Offer: Earn 60,000 bonus SkyMiles, 10,000 bonus Medallion Qualification Miles (MQMs), and a $100 statement credit after you spend $4,000 on eligible purchases with your new card within 3 months.
      • Key Fees: The annual fee is $550. There is no foreign transaction fee. Cash advances cost the greater of $5 or 3%. Late and returned payments cost up to $39. For rates and fees of the Delta SkyMiles® Reserve Business American Express Card, please visit this rates and fees page.
      • Regular APR: The regular APR ranges from 15.74% to 24.74% variable, depending on prevailing rates and your personal creditworthiness. Please visit this rates and fees page for more information.
      • Other Perks: Enjoy complimentary Delta Sky Club membership and complimentary access to the Centurion Lounge or the Escape Lounge – The Centurion Studio Partner when you purchase a Delta flight with your SkyMiles Reserve Business card (enrollment required); one complimentary companion certificate (including on some first-class fares) each year; main cabin priority boarding; discounted Sky Club access for up to two traveling companions; 20% off in-flight Delta purchases; and a slew of other perks and benefits. Plus, throughout 2021, you’ll earn an additional 3,750 MQMs after making $30,000 in purchases (up to four times), in addition to the 15,000 MQMs that you’d earn with Status Boost.

      See our Delta SkyMiles Reserve Business Card Review for more information. Find out how to apply for this card here.

      For rates and fees of the Delta SkyMiles® Reserve Business American Express Card, please visit this rates and fees page.

      Apply Now


      18. Delta SkyMiles® Platinum Business American Express Card

      Generous Welcome Offer & Complimentary Companion Certificate Each Year When You Renew Your Card

      Delta Skymiles Business Platinum Card Art 10 29 20

      The Delta SkyMiles® Platinum Business American Express Card is the grown-up cousin of the Delta SkyMiles Gold Business American Express Card.

      If you’re a seasoned Delta business traveler who likes to fly in comfort, this is the card for you. Its consumer counterpart is the Delta SkyMiles Platinum American Express Card.

      With this card, eligible Delta purchases earn 3 SkyMiles per $1 spent, as do eligible purchases made directly with hotels. All other eligible purchases earn 1 SkyMile per $1 elmira savings bank elmira, and purchases over $5,000 earn 1.5 SkyMiles per $1 spent, up to 50,000 additional miles.

      When you spend at least $25,000 in a calendar year, you get 10,000 bonus Medallion Qualification Miles (MQMs) with Status Boost, which count toward Delta’s coveted Medallion status program. Spend $50,000 in a calendar year to earn an additional 10,000 bonus MQMs. You need at least 25,000 MQMs to ascend to Silver Medallion status, Delta’s lowest status tier.

      You can redeem your SkyMiles for Delta airfare purchases, starting at 10,000 miles per short-haul domestic one-way or 5,000 miles when you use the Pay With Miles feature, at a typical rate of $0.01 to $0.02 per mile (always $0.01 per mile with Pay With Miles). Redemption terms are how to find a registry on amazon to change at Delta’s sole discretion. Terms and conditions apply – see rates and fees.

      • Welcome Offer: Earn 60,000 bonus SkyMiles, 5,000 bonus Medallion Qualification Miles (MQMs), and a $100 statement credit after spending at least $3,000 in eligible purchases with your new card in the first 3 months of card membership.
      • Key Fees: There is a $250 annual fee. Cash advances cost the greater of $5 or 3%. Late and returned payments cost up to $39. For rates and fees of the Delta SkyMiles® Platinum Business American Express Card, please visit this rates and fees page.
      • Regular APR: The regular purchase APR ranges from 15.74% to 24.74% variable, depending on your creditworthiness and other factors. For more information, please visit this rates and fees page.
      • Other Perks: This card comes with some nice perks, including Main Cabin 1 priority boarding on Delta flights and a Domestic Main Cabin round-trip companion certificate each year upon renewal of your card account. Plus, throughout 2021, you’ll earn an additional 2,500 MQMs after making $25,000 in purchases (up to twice), in
        addition to the 10,000 MQMs that you’d earn with Status Boost.

      See our Delta SkyMiles® Platinum Business American Express Card Review for more information. Find out how to apply for this card here.

      For rates and fees of the Delta SkyMiles® Platinum Business American Express Card, please visit this rates and fees page. 

      Apply Now


      19. Delta SkyMiles® Gold Business American Express Card

      Generous Welcome Offer; 2 SkyMiles Per $1 Spent on Delta Airfare & Select Other Purchases

      Delta Skymiles Business Gold Card Art 10 29 20

      If you regularly fly with Delta for business, you need to take a closer look at the Delta SkyMiles® Gold Business American Express Card. If your Delta travel is typically reserved for personal escapes, check out the consumer version of this card.

      All eligible Delta airfare purchases, and select other eligible Delta purchases, earn 2 SkyMiles per $1 spent when you pay with this card. There’s no limit to how many SkyMiles you can earn. Certain other purchases also earn 2 SkyMiles per $1 spent:

      • U.S. advertising in select media
      • U.S. shipping
      • Dining in select restaurants

      All other eligible purchases earn 1 SkyMile per $1 spent.

      You can redeem your SkyMiles for Delta airfare purchases. Check Delta’s award chart for updated redemption requirements. Miles are typically worth $0.01 to $0.02 apiece at redemption, depending on the route and underlying dollar cost of the award fare.

      If you don’t have enough miles to redeem in full for an award flight, Delta’s Pay With Miles feature lets you combine miles and cash for discounted airfare at a flat rate of $0.01 per mile. You need at least 5,000 SkyMiles to use Pay With Miles. Terms and conditions apply – see rates and fees.

      • Welcome Offer: Earn 50,000 bonus Delta SkyMiles and a $50 statement credit after spending $2,000 in purchases with your new card in the first 3 months.
      • Key Fees: The $99 annual fee is waived during the first year. There’s no foreign transaction fee. Late and returned payment fees range up to $39. Cash advances cost the greater of $5 or 3%. For rates and fees of the Gold Delta SkyMiles® Business Credit Card from American Express, please visit this rates and fees page.
      • Regular APR: The regular APR ranges from 15.74% to 24.74% variable, depending on prevailing rates and your personal creditworthiness. For more information, please visit this rates and fees page.
      • Other Perks: Delta perks include priority boarding and chase business credit card no personal guarantee free checked bag for the cardholder.

      See our Delta SkyMiles Gold SkyMiles Business Card Review for more information. Find out how to apply for this card here.

      For rates and fees of the Delta SkyMiles® Gold Business Credit Card from American Express, please visit this rates and fees page.

      Apply Now


      20. Hilton Honors American Express Business Card

      Earn Up to 180,000 Bonus Points As a New Cardmember; Automatic Complimentary Gold Status

      Hilton Honors Amex Card Art 2 6 20

      The Hilton Honors American Express Business Card is a fantastic choice for Hilton loyalists who regularly stay at the first national bank fort smith arkansas online banking family’s hotels and resorts while traveling on business.

      The rewards program is reason enough to apply:

      • All eligible purchases made directly with hotels and resorts in the Hilton portfolio earn 12 Hilton Honors points per $1 spent, a truly impressive earning rate (though Hilton’s points aren’t as valuable as some other hospitality loyalty programs’).
      • Select business purchases earn 6 Honors points per $1 spent. Categories include purchases at gas stations, wireless communications purchases made directly with providers, and U.S. purchases of shipping.
      • Select partner travel purchases, including flights booked directly with airlines or Amex Travel and car rental purchases made directly with car rental companies, also earn 6 points per $1 spent.
      • U.S. restaurant purchases earn 6 points per $1 spent as well.
      • All other eligible purchases earn 3 points per $1 spent.

      All cardholders resource one credit union phone number good standing enjoy complimentary Hilton Honors Gold status, whose benefits include an 80% bonus on all base point earnings and complimentary room upgrades where available. Terms apply.

      When you spend $40,000 on eligible purchases with your card in a calendar year, you’ll earn Hilton Honors Diamond status through the end of the following calendar year. Terms apply.

      • Welcome Offer: Earn up to 180,000 Hilton Honors bonus points as a new cardmember. First, earn 130,000 Honors points after you spend $2,000 on your card within 3 months of account opening. Second, you can earn an additional 50,000 bonus points after you spend a total of $10,000 on your card within the first 6 months your account is open. Terms apply.
      • Key Fees: The annual fee is $95. There is no foreign transaction fee. Cash advances cost the greater of $5 or 3%. Late and returned payments cost up to $39.
      • Introductory APR: None.
      • Regular APR: The variable regular APR for purchases ranges from 15.74% to 24.74% APR, depending on prevailing interest rates and your personal creditworthiness. For rates and fees of the Hilton Everything i do i do it for you music video American Express Business Card, please visit this rates and fees page.
      • Other Perks: Earn complimentary Hilton Honors Gold status as long as your account remains open and in good standing and upgrade to Diamond status after $40,000 in chase business credit card no personal guarantee purchases in a calendar year. Enjoy one free weekend night reward after you spend $15,000 on your card in a calendar year and another weekend night reward when you spend an additional $45,000 on your card in the same calendar year ($60,000 total annual spend). Get 10 complimentary airport lounge visits at participating lounges with Priority Pass Select (enrollment required). Terms apply.

      See our Hilton Honors American Express Business Card Review for more information. Find out how to apply for this card here.

      For rates and fees of the Hilton Honors American Express Business Card, please visit this rates and fees page.

      Apply Now


      21. Capital One® Spark® Cash Select for Business – $500 Bonus

      $500 Early Spend Bonus; 1.5% Cash Back on All Purchases

      Capital One Spark Cash Select Card Art 8 17 21

      Capital One Spark Cash Select for Business – $500 Bonus is very similar toCapital One Spark Miles Select. Rates and fees are basically identical, with the main difference being a cash-based (not miles-based) rewards program.

      When you sign up and spend at least $4,500 within the first 3 months of membership, you get $500 bonus cash. From day one, all purchases earn an unlimited 1.5% cash back, with no caps or restrictions. You can redeem accumulated cash back for general statement credits or mailed checks in any amount.

      • Early Spend Bonus: Earn $500 bonus cash when you spend at least $4,500 within three months of account opening.
      • Key Fees: There’s no annual fee, balance transfer fee, or foreign transaction fee.
      • Introductory APR: None.
      • Other Perks: This card also comes with Capital One’s customized, itemized quarterly spending reports.

      See ourCapital One Spark Cash Select Business Card Review for more information. Learn more about this card and find out how to apply here.

      Learn More


      22. Capital One® Spark® Cash Select for Business – 0% APR for 12 Months

      0% APR on Purchases for 12 Months From Account Opening; 1.5% Cash Back on All Purchases

      Capital One Spark Cash Select Card Art 8 17 21

      Capital One® Spark® Cash Select for Business – 0% APR for 12 Months is the “other” Spark Cash Select card. Instead of a juicy early spend bonus for new cardholders, it offers one of the best introductory APR promotions of any business credit card: 0% APR for 12 months from account opening. 

      That’s not all, of course. The same great cash back rate (unlimited 1.5% cash back on all eligible purchases) applies from the start. Redeem accumulated cash back for your choice of statement credits or mailed checks.

      • Early Spend Bonus: None.
      • Key Fees: There’s no annual fee, balance transfer fee, or foreign transaction fee.
      • Introductory APR: Enjoy 0% APR on purchases for 12 months from account opening. Then, variable regular APR applies.
      • Other Perks: This card comes with a host of value-adds for small business owners, like quarterly spending reports.

      See ourCapital One Spark Cash Select Business Card Review for more information. Learn more about this card and find out how to apply here.

      Learn More


      23. The Plum Card® from American Express

      60-Day Interest-Free Payment Period; 1.5% Discount for Early Payment

      American Express Business Plum Card
      Источник: https://www.moneycrashers.com/best-small-business-credit-cards/

      Can You Get Business Credit Cards with Only an EIN?

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      If you've got less-than-perfect personal credit history or don't have a social security number, an EIN-only card may be the best solution. Here's what you need to know.

      We are committed to sharing unbiased reviews. Some of the links on our site are from our partners who compensate us. Read our editorial guidelines and advertising disclosure.

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      Last Updated: several months ago

      The recently funded Paycheck Protection Program offers small businesses a way to meet payroll needs with financial aid from the government. This aid is only being provided through the SBA and its authorized lenders. And businesses can receive a loan of up to $10 million to help cover payroll.

      To access this loan, you’ll have to complete an application with an authorized lender that consists of a two-page form in addition to required documentation. If you qualify, you’ll be loaned 250% of your average monthly payroll in 2019.

      You may also qualify to have the loan forgiven if no employees are compensated above $100,000 and at least 75% of the money goes to paying workers. If you can’t obtain forgiveness, the loan must be repaid in two years at a 0.5% interest rate after six initial months of interest deferment.

      If you think your business would benefit, apply at a Paycheck Protection Program authorized lender.

      If you’re trying to apply for a credit card or a business loan, there’s no way around it: your credit score is going to be a factor in whether or not you get approved. So what do you do if you have bad credit? Or if you don’t have a social security number? Is it possible to get approved by credit card companies using just your business’s employer identification number (EIN)?

      The short answer is yes: you can apply for certain business credit cards using just your EIN. EIN-only cards are great for building your business credit, and they’re a huge help when it comes to keeping your personal and business expenses separate. The catch is they typically require cardholders to meet minimum revenue requirements and have more than a year’s worth of business history. In other words, most small businesses don’t qualify.

      Here’s everything you need to know about applying for a business credit card using only your EIN.

      Types of EIN-only business credit cards

      When it comes to EIN-only credit cards, it may pay to think outside the box. Credit card companies are not the only card issuers out there, and lots of other providers offer business cards that don’t online saving account opening a social security number. Each card offers different ways to earn points, cash in rewards, and pay your balance, so be sure holidays national 2020 pick the option that works best for your business needs.

      Corporate cards are almost exclusively reserved for large companies with lots of revenue. Basically, they allow you to use one or more cards to cover your business expenses without signing any personal guarantees—your business is liable for 100% of the credit card debt.

      Corporate cards are almost exclusively reserved for large companies with lots of revenue.

      That said, some credit card companies still ask for personal guarantees on their corporate cards, so be sure to read the fine print. Asking each individual cardholder to sign a personal guarantee may not be a bad thing, especially on employee cards. With this method, your employees would have to submit their credit card expenses to the company every month, and they’d be personally liable for any personal expenses on the card. In other words, it would make it easier to monitor employee card use and weed out anyone who’s abusing their company card privileges.

      But if you’re looking to avoid credit checks on your personal credit score, make sure you’re signing up for a corporate card that doesn’t include saturday hours bank of america near me personal guarantee.

      Explore Your Options

      Corporate store credit cards

      Many retail stores offer personal and business cards—and the corporate cards often don’t come with a personal liability requirement.

      Most corporate store credit cards can be used only at the issuing store.

      Corporate store cards offer a lot of in-store perks. For instance, with the Office Depot OfficeMax Business Credit Card, you get a statement credit of $50 on your first purchase of $150 or more. Other cards offer cashback options, points and rewards, and discounts on in-store purchases.

      The downside? Corporate store credit cards have lower credit limits than other EIN-only cards. And in most cases, you can use the card only at the issuing store, so be sure to choose a store where you rack up a lot of business expenses. Or if you’re looking to use your card to pay for office utilities and other operating costs, avoid this type of EIN-only card altogether.

      Explore Your Options

      Prepaid business credit cards

      A prepaid business credit card offers low risk for card issuers, so most credit card companies don’t require a check on your personal credit history when you apply.

      Prepaid business credit cards can help build your business credit history faster, but don't offer points and rewards programs.

      A prepaid business credit card basically acts like a debit card. You make up-front payments on your card, which you can then spend until your money is gone. The difference between a prepaid business credit card and a debit card, though, is a prepaid business credit card can help build your business credit history faster.

      One note, though: most prepaid cards don’t offer points and rewards programs. So don’t expect the airline miles or hotel stays you’d get with other business cards.

      Explore Your Options

      What's different about EIN-only credit cards?

      First, a little refresher on run-of-the-mill business credit cards.

      If you were to sign up for a Chase Ultimate Rewards card, for example, you’d have to provide both your EIN (if you have one) and your social security number. You’d probably also have to sign a personal guarantee in which you agree to be personally liable for your business credit card debt if your business is unable to pay it. From there, the card issuer does a hard check on both your business credit score and your personal credit history.

      EIN-only cards are different because they don’t require you to sign a personal guarantee. With an EIN-only card, your company assumes full responsibility for the debt. And since you’re not personally liable, your personal credit doesn’t play a role in the approval process, and late payments on the card will be reported to only business credit bureaus (not consumer credit bureaus).

      Other than that, there’s not a whole lot of difference between regular small-business credit cards and EIN-only cards. You still have to pay annual fees, foreign transaction fees, and interest rates; and the rewards are pretty comparable as well. You just don’t have to deal with personal liability.

      Pros and cons of EIN-only business credit cards

      Pros

      Pro BulletNo personal liability
      Pro BulletNo negative effects on personal credit score
      Pro BulletNo hard checks on personal credit report

      Cons

      Con BulletStrict requirements for approval
      Con BulletNo positive effects on personal credit score
      Con BulletOnly a few participating credit card issuers

      Explore Your Options

      Small Business Loan Requirements Checklist

      Applying for a small-business loan soon?

      Our free checklist can help you understand what lenders are looking for.

      What do you need to qualify for business credit cards using only an EIN?

      What to do if your business isn't eligible

      Don’t have a million dollars in revenue? You’re in the majority, but that does make it almost impossible to get an EIN-only card.

      So how do you cover the business expenses that your company checking account can’t cover? Here are a few options for business owners with bad (or no) credit.

      Secured credit cards (like the Wells Fargo Business Secured Credit Card) require you to pay an up-front security deposit on your account, which acts as collateral in case you miss your payments. That lowers chase business credit card no personal guarantee risk for card issuers, so you can usually get a secured small-business credit card even if you’ve got a less-than-perfect personal credit score.

      Business charge cards are pretty much exactly like other business credit cards, except they require you to pay your entire balance at the end of each month. That makes them perfect for businesses looking to walmart associate stock login business credit but bad for companies that need startup capital. In other words, don’t get this card unless you can afford the large monthly payments needed to cover your charges.

      Small-business credit cards

      If you’re a legal immigrant and don’t have a social security number, don’t count out run-of-the-mill small-business credit cards. Some card issuers accept individual taxpayer identification numbers (ITINs), foreign passports or government-issued IDs, or US student visas instead of social security numbers.

      You may have to apply in person or supply additional bank statements and legal forms to qualify, and the rules vary by provider. But we thought it was worth mentioning in case you’re a small-business owner considering an EIN-only card because you don’t have a social security number.

      Browse hundreds of loan options, custom-tailored to your business and budget needs, from a single, simple platform.

      Find a Loan

      FAQs about business credit cards and EINs

      Can I use my business's EIN on a personal credit card application?

      Look, we all know how sweet those business rewards programs are. And if you’ve got bad personal credit, it may be tempting to substitute your social security number for your EIN and avoid a personal credit check.

      But credit card companies don’t take too kindly to people falsifying their credit card applications, and neither does the government. Using an EIN on a personal credit card application is considered a felony and can lead to fines and even jail time.

      So do yourself a favor: stick with using your EIN on only small-business credit card applications.

      Can an individual apply for a business credit card?

      When it comes to credit cards, a “business” is any venture that generates income. So if you’re an eBay seller, a DoorDash driver, or a freelancer, you can absolutely apply for a business credit card. In fact, some card issuers offer cards with rewards specifically designed for individuals (like the Business Platinum Card from American Express, which offers year-long Premium Global Access to co-working spaces from WeWork).

      Individuals claiming sole proprietorship of their business don’t need an EIN to apply. Instead, credit card companies will use your social security number to check your consumer credit score. Once approved, you can use your business credit card to cover your business expenses and start raking in rewards.

      What's the difference between personal and business credit cards?

      The biggest differences between personal and business credit cards are credit limits and rewards. Card issuers recognize that businesses make and spend more money than individuals, so credit limits are higher. And because there’s more potential for spending, rewards tend to be more lucrative.

      Just look at Chase Ultimate Rewards points. The Chase Sapphire Preferred card offers 60,000 points when you spend $4,000 in the first three months. The Ink Business Preferred card, on the other hand, offers 80,000 points after you spend $5,000 in the first three months—bigger rewards for more spending.

      Another difference to note: business credit cards aren’t subject to the same regulations as personal cards. That means your card issuer can charge more fees on cash advances, foreign transactions, and over-limit spending. They can also change your rates and fees with no notice.

      Why should I use a business credit card instead of a personal credit card?

      Using a business credit card has some distinct advantages.

      • It helps you keep your personal expenses separate from your business finances. That makes tax prep easier.
      • It builds your business credit history. And with a high enough business credit score, you may eventually qualify for an EIN-only card and avoid checks on your personal credit score.
      • Business credit cards have higher credit limits, which makes it easier to get the cash you need to run your business effectively.

      Don't qualify for a business loan? Get a personal loan instead

      EIN-only cards may seem like the ideal way to pay for your business expenses if you have bad personal credit. But because they don’t require a personal guarantee, they pose significant risks to credit card issuers. So unless your business has a million-dollar cash flow, EIN-only cards may not be the best solution for your company.

      Instead, your business may want to take advantage of bad-credit alternatives like prepaid cards, business charge cards, or secured credit cards. Just keep in mind that these options may require up-front payments, lower credit limits, and other adjustments to make your card less of a risk to your issuer.

      Ready to apply? We’ve got everything you need to know about business credit card applications. Boom.

      Disclaimer

      At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

      Courtenay Stevens

      Written by

      Courtenay Stevens

      Courtenay cut her teeth (and occasionally her tongue) on the world of business when she was eight years old, pink victoria secret jackets plus size envelopes to help her dad mail calendars to his clients. Ever since, she has fostered a passion for entrepreneurship, which makes small business one of her favorite topics to write about. When Courtenay isn’t writing, she enjoys podcasting about pop culture and attempting to keep up with her hellspawn (aka children).

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      Источник: https://www.business.org/finance/loans/can-you-get-a-business-credit-card-with-ein-only/

      Compare business credit cards without a personal guarantee 2021

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      As of January 2021, just one major credit card issuer offers a business credit card without a personal guarantee. Ever risk averse, few providers want to issue a business credit card and then get stuck with the debt if the business fails.

      However, you can still find no-personal-guarantee business credit cards with smaller or independent banks. Here’s a roundup of your options and how to choose the business credit cards without a personal guarantee.

      Brex 30 CardAn excellent charge card with high credit limit and generous rewards program. It comes with a $0 annual fee for the first five cards and it has a signup bonus of $150,000 worth of services from partners like Amazon, Salesforce, Zendesk and more.

      Apply now

      Charity Charge Nonprofit Business Mastercard®A no-annual-fee business rewards card that automatically deposits your earned cash back to the charity of your choice.

      Apply now

      Sam's Club® Business Mastercard®A no-annual-fee credit card with a high cashback rate on gas, dining and travel. But you’ll need a Sam’s Club business membership to apply for the card.

      See offer

      RampRamp card focuses on helping your business save money. It identifies areas where your business might overspend and suggests alternative subscriptions or services that can fulfill the same purpose at a cheaper cost.Read review
      Stripe Corporate CardA no-annual-fee credit card for fast-growing online businesses. Earn cash back and get valuable rewards from partners, including Amazon, Shopify, Google Ads and more.Read review
      Shell Small Business CardA no-annual-fee card for businesses with vehicle fleets. This card comes with discounts per gallon bought at Shell gas stations.Read review
      Bremer Bank Visa Signature Business Company CardA card with a rewards program that’s designed for medium to large businesses. Get a long 0% intro APR period on balance transfers and purchases, and the chance to earn rewards on your purchases.
      SuperAmerica Fleet CardA card for businesses that often make purchases with SuperAmerica. Have greater control in tracking vehicle activity and controling driver spending.

      A personal guarantee is a legal promise made by a business owner or an organization to accept the responsibility to repay the credit issued to their business in case it fails to pay its debt.

      For a small corporation or a limited liability company that doesn’t have a credit history, the manager or stockholders typically personally coldwell banker spring lake nj they’ll pay the debt in case the company goes bankrupt.

      Yes, but it’s hard to meet the requirements for most such cards if you run a small business. The only exception here is the Brex card where the main requirement is to have at least a $100,000 in your bank account.

      Why would I want a card without a personal guarantee?

      When you apply for a business credit card, your card provider will require a personal guarantee. This means that if your business fails, you will personally have to pay for your business credit card debt.

      A card without a personal guarantee won’t hold you personally liable for business credit card debt.

      • Negotiate. If you’ve been a long-time customer with your bank, you may be able to negotiate a card without a personal guarantee. Your chances are improved significantly if you have an excellent payment history, great business financials and low debt. Some banks may waive the personal guarantee after you’ve had the card for a few years or if you’ve built up your business credit.
      • Meet the requirements. Another way is to meet the bank’s size and revenue requirements. Oftentimes, you can get past the personal guarantee if your business has an annual revenue of $1 million or more and up to 10 employees. Such cards include the Sam's Club® Mastercard® and Shell Small Business Card. However, with some cards, you’re limited to using them only on the service or products offered by the card issuer.
      • Apply for a card that doesn’t require personal guarantee. This is by far the easiest method to get a card with no personal guarantee; if you meet the approval criteria, of course. One of the most popular and most rewarding cards of this kind are the Brex for Startups and the Stripe Corporate card. But if either of the two doesn’t meet your needs, compare the other cards that don’t require a personal guarantee.

      Business credit cards can affect your personal credit when the card issuer does a hard pull on your credit, when it reports your card activity to credit bureaus and if you default on your payments.

      Business credit cards with no personal guarantee often don’t report to personal credit, and since you’re not personally liable for the debt — they won’t report to personal credit even if you default on your payments. The only way it can affect your personal credit is if a card issuer does a hard pull when you apply for the card.

      How to limit the impact on your personal credit score

      Follow these tips to limit the impact your business credit card has on your personal credit score:

      • Always pay in full. Try not to carry your balance from month to month. That way, you’ll have less pressure and you won’t be held liable for unpaid balances.
      • Limit stubhub contacto mexico users. Since you’re liable for your business account, make sure to set up spending limits for your employees and authorized users so you don’t get stuck with a higher balance than you can pay.
      • Get cards with intro APR periods. If you have to carry your balance, try to get a card with a 0% intro APR period and use it to make purchases for your business and carry your balance interest-free while the intro period lasts.

      What happens if I agree to a personal guarantee and then can’t pay off my business card?

      If such an unfortunate event occurs, the card issuer will expect you to cover the debt with your personal assets. If you still can’t pay off the debt, the card issuer can take you to court and pursue your personal assets until the debt is cleared off.

      If you don’t want to get a business credit card with a personal guarantee, your choices are narrowed to corporate gas cards, prepaid business cards and cards that don’t report to the personal credit bureaus.

      • Gas cards. Currently, there are two business credit cards you can use at Shell gas stations and SuperAmerica: the Shell Small Business Card and the SuperAmerica Fleet Card. The downside is your company needs to have at least three years of working history. To get the Shell Small Business Card without a personal guarantee, you need at least $1 million in annual revenue.
      • Prepaid business cards. You can get prepaid cards such as the Brinks Business, Bento Business, Netspend and PEX. These cards are easy to obtain, don’t do credit pulls and don’t report your activity to the credit bureaus. The only drawback is you need to have money available in your account to use these cards.
      • A credit card that doesn’t report to the personal credit bureaus. Business credit cards issued by Bank of America, BBVA, Citi and Wells Fargo don’t report to the personal credit bureaus, while Chase and U.S. Bank only report if the account is seriously delinquent. You’re still liable for your business finances, but your business activity won’t be reported to a credit bureau. This is the most convenient way to get a decent credit card for your business and avoid the negative effects on your personal credit.

      If you can’t get a business credit card without a personal guarantee, your only credit card option would be a standard small business credit card. This can give you great credit card options with generous rewards and the chance to build your business credit. You just rock bridge memorial state park columbia mo to make sure to pay your balance on time.

      It’s difficult to find the perfect business credit card without a personal guarantee. In many cases, you’ll have to meet certain criteria and you’ll likely be limited to using the card on the issuer’s products or services.

      There are a couple of workarounds, however. You can get prepaid business cards that have zero impact on your personal credit, or you can get business cards from a bank that doesn’t report your activity to the personal credit bureaus.

      Compare business cards to find one that’s right for you.

      Источник: https://www.finder.com/business-credit-cards-without-personal-guarantee

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