You can spend up to 20% of your monthly paychecks on credit cards, but if you’re serious about saving money, it pays to start with a small one.
Here are six of the best options for small businesses that might be worth considering.1.
Mastercard Ultimate Rewards Premier CardWith the ultimate in value, the Mastercard Premier card offers a wide range of perks and rewards.
You can get a free 1-year subscription to a $200 credit card with every purchase up to $200 (plus taxes).
The card also comes with 1.5 million points, with the maximum annual spend up $100,000.2.
American Express Preferred Checking® CardThe American Express® Preferred Checking Card comes with free shipping on all purchases up to the first $200, and a $300 annual fee.
The card comes with a $500 annual fee, and has a $1,000 annual limit.
The minimum annual spend is $10,000, and the minimum annual credit card fee is $0.
You must be approved for a Mastercard Signature account before you can use this card.3.
Discover Premier Rewards Visa Signature CardYou can spend $500 on a new or used credit card every year up to 1.3 million points with the highest spending limit of $1.1 million.
You pay a $150 fee each time you spend $100 or more in purchases.4.
Chase Sapphire Preferred® CardWith an annual fee of $250 and a 0% APR on all accounts up to 3.5% and 0% on the balance, this card is the most affordable and the best credit card in the market.5.
Chase Ink Plus cardThe Chase InkPlus card comes standard with a 3.00% fee on purchases up $1 million, but it has a free 30-day trial.
If you choose to spend $5,000 on your card, the card has a 2.5x 0% fee, so you’re getting a discount on the cost of the cards.6.
American Airlines Signature CardThe award-winning American Airlines® Signature card has the lowest annual fee in the industry, but the annual fee is the highest.
The annual fee for the American Airlines Sapphire Preferred card is $500, and there’s no minimum spend requirement.
The standard annual fee with the card is only $200.7.
Amex Platinum CardThis award-winning credit card has an annual annual fee that is the lowest in the country, but has the best annual spend limit of any credit card.8.
American Eagle Cash Plus CardThis is a solid option if you want to save money on your credit card fees, and it’s one of the cheapest credit cards available.
The American Eagle cash back card comes preloaded with a 0.5%-of-value credit card and a free $200 travel credit to any American Eagle business, up to an annual limit of up to 2.25%.9.
American Student Credit CardWith a 0%-of.value credit balance of at least $25,000 and an annual balance of $300, this is a great card for those with student loans, who might be stuck with a high credit card balance.
The award-winner in the credit card arena, the American Student credit card is a one-year trial, but you can upgrade to the Platinum card for an additional $300 per year.10.
MasterCard American Express Visa Signature Business CardThe Mastercard American Express Business Card is an affordable card, but with a low annual fee and no minimum purchase requirements.
It comes standard, with an annual card fee of just $200 and a minimum spend of $25 million.
It has a 0-to-3.99% interest rate and 0.25% APR.11.
Chase Freedom CardFor a fee of only $50, you can save up to 15% on all of your purchases.
The Chase Freedom card comes in a variety of options, with some cards giving you the choice of an annual or monthly fee.
Some cards have a 2% fee or 0% interest, while others charge a flat 0%.12.
MasterCredit Premier Credit CardThe card is great for those who want to spend less than $25 a month.
It’s a good choice for those looking to save on credit card debt.
The $50 annual fee comes standard.13.
Bank of America Platinum Checking CardThe Bank of American Platinum Checking card comes bundled with 1,000 points with an additional 500 in bonus categories.
You’ll also get 2% on everything you spend up through $2,000 within the first 90 days.
The rewards range from $500 for $500 purchases to $1 for $1 spending.14.
Chase Ultimate Rewards® Premier Checking CardWith this card, you get up to 30,000 bonus points every year, plus an annual credit limit of 10,000 for a maximum of $100 million.
The maximum annual spending