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Popular business credit cards to choose from

It’s a common practice for some businesses to use a personal credit card rather than a business credit card for carrying out business transactions. While it may be a matter of convenience at the time of the transaction, using your personal credit card is not advisable as it can cost you more money as compared to a business credit card. Three main reasons why you should opt for a business credit card is that the expenses charged on these cards are allowed for tax deduction, there are more specific rewards and benefits that can be availed in business transactions with business credit cards, and your bookkeeping is much more efficient and easily manageable.

When the annual fee and interest rates on a credit card are accounted, the business has the option to claim them as deductibles on the US Federal Tax Return Schedule C. When your business has a lot of purchases to account for, then picking the right card with the appropriate cash back rewards will ensure that you get the benefit of up to five points credited to your reward system for every dollar spent. In addition, keeping track of expenses separately will be tricky and harder to collate, but using your business credit card ensures that a simple accounts statement or the use of specific bookkeeping software can help check live expense status of your finances.

Here are some of the best business credit cards recommended based on use for businesses requiring an efficient and manageable credit card. However, the offers and deals are subject to change.

• Capital One® Spark® Miles for Business
  This card is offered at the cost of no annual fee for the first year and followed by an annual fee of around $95 for the years after, and has a flat cashback rate allowance of two miles for each dollar spent on purchases without any restriction or spending limits. These miles accumulated can be acquired in any amount with a cap off limit, the miles do not expire throughout the holding period of the credit card, and these miles purchased through across the board transactions without any restrictions can be used to redeem for a cash back, gift cards, travel, etc. If you spend your business credit card for transactions cumulatively worth around $4500 within three months from the date of getting the credit card, you will receive a one-time bonus of 50,000 miles. There are no fee or overhead charges on foreign transactions without any kind of attached rules with airline brand, blackout dates, and seat restrictions.
• Business Platinum® Card from American Express OPEN
  As a welcome offer, American Express offers businesses with around 75,000 reward points as bonus for the membership, and a bonus of 50,000 points as part of the membership reward if at least $10,000 is spent on any of the categories listed under the qualifying purchases within three months of getting the card membership. In addition, another 25,000 points are credited towards a business’ rewards account if the business spends another $10,000 within the same timeline as above. This card is a great deal for traveling because any bookings or purchases made towards flights and prepaid hotels using amextravel.com will qualify you for five times the flat membership reward points. You would be entitled to receive about 1 million points additionally every year, and also get about 50% more on the usual purchases of above the $5,000 mark, which would be about 1.5 points for each dollar spent. When you use the accumulated reward points of the membership to purchase airline tickets under the select brands allowed under American Express partnership will entitle you to almost 35% refund of airline bonuses, to the maximum amount of 500,000 points as bonus per year, and also get around 35% refund of points when these purchases are for first class or business class flights. The best perk of this platinum card is the access to the American Express Global Lounge CollectionSM, thereby granting you access to many lounges across the world.
• SimplyCash® Plus Business Credit Card from American Express
  This is another excellent offering from American Express as it allows for various cashback offers amounting up to $500. Spend about $5,000 on the allowed qualifying purchases using this business credit card, within 6 months of account opening, and get a $250 bonus credited on your statement, and get another $250 with an additional spending of around $10,000. The reward benefits awarded as cashbacks in the first year of purchasing the credit card is enormous as more purchases qualify you for more cashbacks, and there is no annual fee. With alignment with the service providers and the office supply stores in the country, you get a cashback of 5% on the purchase of wireless telephone services, cashback of 3% on a select category of purchases that will benefit your business out of the common eight listings provided by American Express, and a standard 1% cashback on other normal purchases.