Personal credit cards for business use are ideal for startups that cannot yet qualify for a business credit card and owners who like the rewards options on personal credit cards. The prepaid card is not the same as a credit card, you load your own money onto the prepaid card, the issuers do not report your payments to the major credit bureaus so it cannot be used as a tool to help build credit history. You can likely get at least some credit cards, though, regardless of whether your credit history ranges from bad credit to excellent credit. Neither a prepaid card nor a debit card can be used to build credit, while you can build credit with a credit card. A business credit card is similar to your personal credit card, but is issued to your business instead of your personal account. Personal cards are more helpful for building up your personal credit, because business cards usually only report negative activity, like missed payments, to the credit bureaus.
We'll pay the total cashback you earn each month onto your Business Cashback Credit Card and you will see it on your monthly statement. A fixed-rate Visa Business Credit Card from Partners 1st gives you the flexibility every small business needs. Depending on the business credit card you choose, the potential rewards attached can also be tailored to your business. The SimplyCash Plus Business Credit Card from American Express is another card with no annual fee and with a robust rewards program. A business or company credit card could help your business manage different expenses, both for yourself and for your employees. Even if your credit is just average, you may still qualify for some business credit cards, like the Capital One Spark Classic for Business.
Airline credit cards typically let you earn airline miles or rewards points when you use your card to pay for travel and everyday purchases. Many big airlines provide co-branded credit cards, and you can probably find one to suit your needs. All opinions expressed are the author's alone, and has not been provided nor approved by any of the companies mentioned. An annual fee is a one-time fee credit card companies charge to have the card per year, mainly for the more prestigious credit cards like American Express. The credit card you choose should help you achieve your financial goals in the most affordable, efficient way possible, whether you are trying to build credit, borrow money or earn rewards. The earning rates on the airline-specific cards are not quite as good, though, and you will only be able to use them for flights on one airline.
Point or miles you earn with a regular rewards credit card largely do not expire. A card with an annual fee will often have more robust rewards, and the annual fee may be waived the first year. Discover will match all the cash back you have earned at the end of your first year, automatically. The Capital One Quicksilver Cash Rewards Credit Card is great for consumers who want the freedom of cash back without having to worry about rotating categories. Rewards will not expire for the life of the account, and you can redeem any amount of cash back. Unlike the QuicksilverOne, which accepts consumers with lower credit, the Quicksilver has no annual fee.