Business Credit Card Sign Up Bonuses Worth Reaping - Fora Financial
Business Credit Card Sign Up Bonuses Worth Reaping
December 04, 2019
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Business Credit Card Sign Up Bonuses Worth Reaping

Most likely, you’ve seen offers for business credit cards online or in your mailbox. Many companies even offer points or rewards to entice you to sign up. Overall, the rewards will be similar from one card to the next, which is why it’s important to find a card that best fits your business’s needs.

To sweeten the pot, though, some credit card companies offer credit card sign up bonuses. These bonuses can significantly boost the rewards you receive. Be sure to read the terms of these sign up bonuses as they often come with restrictions on time limits and spending minimums.

Why Sign Up For a Business Credit Card?

Do you know what it takes to succeed in business? It takes having a good concept, creating a business plan, and taking advantage of every available opportunity. In this article, we’ll be focusing on taking advantage of opportunities by signing up for a business credit card.

Many business credit cards come with ample rewards, such as cashback bonuses and points that can be redeemed for travel perks. As you likely know, you need to spend money to make money. Why not get something back for that spending? You’ll enjoy the perks associated with business credit cards, and they’ll help you grow your business.

Often, business credit card bonuses will accumulate quickly because you’ll be busy running your business, so you’ll spend money as a matter of course. When you do this with a rewards card, you’ll be amazed at how much in bonuses you’ll have built up.

The Best Business Credit Card Sign Up Bonuses

Because all sign up bonuses aren’t created equal, we’ve compiled this guide to help you select the best card for your company’s needs. For instance, if you don’t travel often for business, travel credit cards may not make sense for you.

If you’re interested in finding the best credit card sign up bonus, keep reading to find out which cards we recommend.  We’ve included links to each card’s site so you can read more about these options.

Capital One Spark Miles for Business

Do you or your employees travel for business often? If so, you may want to consider the Capital One Spark Miles for Business credit card. The sign up bonuses for this card is 50,000 points, which Capital One suggests is worth approximately $500.

It’s important to note that there’s a yearly fee of $95 for this card, but it’s waived for the first year. In essence, this is like an added bonus. Still, if you want to avoid yearly fees, this card may not be the right choice for you.

To be eligible for the sign up bonus, you’ll need to spend $4,500 within three months of signing up for this card.  However, you can get free cards for your employees and their purchases count towards the minimum.

Chase Ink Business Preferred

The Chase Ink Business Preferred credit card offers a sign up bonus of 80,000 points. This is a travel-related card. To be eligible, you must spend at least $5,000 within three months of signing up for the card.

When you use Chase Ultimate Rewards for your travel purchases, the 80,000 points will equate to $1,000. And like the previous card, you can get additional card for your employees. These cards are free.

There’s an $95 annual fee for this card with no stated waivers for the first year. Once again, if you want a card without fees, it may be wise to choose another option.

Bank of America Business Advantage Cash Rewards Mastercard

The Bank of America Business Advantage Cash Rewards Mastercard doesn’t have a yearly fee, which some business owners find appealing. The card offers a $300 statement credit when you spend $3,000 on purchases within 90 days of signing up. 

With this card, you have the option of having this balance deposited in a Bank of America savings or checking account if you have one set up. In addition, you can apply it to purchases made on the card, or have it sent as a check via mail. The cash bonus doesn’t expire as long as your account is open.

Chase Ink Business Cash

The Chase Ink Business Cash credit card offers a $500 sign up bonus. To be eligible for this bonus, you’ll need to spend $3,000 within three months of signing up for the card. For the first 12 months, this card charges 0% APR on purchases. This is one of the lowest spending minimums for a high sign up bonus dollar amount.

This card doesn’t have a yearly fee, and for the first year or $25,000, the cashback rate is 5% on select categories. 

American Express Blue Business Plus

With the American Express Blue Business Plus credit card, business owners can enjoy a 0% APR on purchases and balance transfers for 12 months. After that, the rates tend to be lower than comparable cards. There are no annual fees for the card, which is a notable benefit.

This card allows cardholders to spend above the credit limit. This is based on the history of spending, but there are other restrictions.

For the first $50,000 each year, everyday purchases have a 2% reward rate. After the limit, it resets to 1%.

U.S. Bank Business Leverage Visa Signature Card

For the U.S. Bank Business Leverage Visa Signature Card, business owners can earn an extra point for each dollar spent on eligible purchases. This is good for one year or for up to $100,000.

There’s a $95 yearly fee, but it’s waived for the first year. Although that’s a downside, this reward card earns the most in the top categories spent by the business.

American Express Business Platinum

The American Express Business Platinum card is for frequent travelers, costing close to $600 per year. When you sign up, you’ll have the potential to earn up to 100,000 points. However, you’ll need to spend $25,000 within the first three months to be eligible for these points. After you spend $10,000, you’ll earn 50,000 points

This isn’t a good option for small business owners who don’t travel often, as the yearly fee can be prohibitive. However, if you do travel frequently and spend money on airlines or hotel stays, you may benefit from this ard.

This article should help you determine which bonuses are right for your business. You’ll have to decide whether you want a travel-related card or if you prefer cash back credit cards. Regardless of the card you select, you’ll benefit from selecting a top credit card signup bonus.

Credit cards are only one of the available business financing options. At Fora Financial, we offer flexible financing solutions to business owners nationwide. You can apply below:

Frequently Asked Questions

Should You Have More Than One Business Credit Card?

Some business owners opt to use multiple business credit cards. However, most business owners have a limited budget. That means you may not be optimizing your purchases to gain the most points possible when you spread out your purchases. Of course, from the perspective of sign up bonuses, it may be beneficial.

Is It Better to Sign Up for a Travel-Related Card or Cash-Based Card?

It all depends on your business’s needs. Cards with specific categories usually offer higher points when purchases are made within that category. Therefore, you’ll get more bang for your buck. However, if you never spend in those specialized categories, you won’t reap the rewards.

Fora Financial

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

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Fora Financial is a working capital provider to small business owners nationwide. In addition, the Fora Financial team provides educational information to the small business community through their blog, which covers topics such as business financing, marketing, technology, and much more. If you’d like to see a topic covered on the Fora Financial blog, or want to submit a guest post, please email us at [email protected].