Credit Card Issuer Market Share: Top 25 Issuers of 2020 -

Credit Card Issuer Market Share: Top 25 Issuers of 2020 -

Credit Card Issuer Market Share: Top 25 Issuers of 2020 -

Posted: 01 Sep 2020 12:00 AM PDT

[unable to retrieve full-text content]Credit Card Issuer Market Share: Top 25 Issuers of 2020

The best banks and credit unions for military members and their families, September 2020 - Business Insider

Posted: 25 Sep 2020 07:26 AM PDT

Best military banks and credit unions 4x3
USAA; Navy Federal Credit Union; Pentagon Federal Credit Union; Chase; Security Service Federal Credit Union; Alyssa Powell/Business Insider

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

The best banks and credit unions for military members and their families

We've provided an overview of our favorite banks and credit unions for military members and families here. Scroll down to read our breakdown of each institution's pros and cons.

A good military bank should make it easy for you to access your money, loans, and investments from wherever you are in the world. It should also provide special incentives for military members and families, such as discounted loans or high interest rates on bank accounts.

Learn more about our top picks for banks and credit unions for military members and their families. Each one is federally insured to keep your money safe, and has competitive perks for the military.

Our expert panel for this guide

We consulted banking and financial planning experts — including Tania Brown, a veteran of the US Army — to inform these picks and provide their advice on finding the best bank accounts for your needs. You can read their insights at the bottom of this post.

PFI Banking Expert Panel
Business Insider

We're focusing on what will make a bank most useful for military families, including branch and ATM locations, savings rates, variety of military products, and more.



0.01% on balances of $1,000 or more

Min Deposit


Featured Reward


Editor's Rating

  • Details
  • Pros & Cons
  • Available to active military, veterans, and military families
  • Physical offices in US (AZ, CO, FL, MD, NY, TX, VA); England (London); Germany (Frankfurt); Luxembourg (Luxembourg)
  • 1,200 USAA ATMs; 60,000 USAA-preferred ATMs nationwide
  • Earn 0.01% APY on balances of $1,000 or more
  • FDIC insured
  • Low $25 minimum opening deposit
  • No monthly service fees
  • Refunds up to $15 per month in out-of-network ATM fees
  • Link to another USAA account for overdraft protection
  • Receive direct deposit one day before payday
  • USAA ATMs are free and accept deposits
  • Only 10 free withdrawals from USAA-preferred ATMs per month, then $2 fee
  • USAA-preferred ATMs don't accept deposits

Who can join: Active military, veterans, and families of active military or veterans can bank with USAA.

Why it stands out: You can withdraw or make deposits at 1,200 USAA ATMs for free. There are also 60,000 USAA-preferred ATMs around the US, and the first 10 monthly withdrawals are free. If you use an out-of-network ATM, USAA will reimburse up to $15 per month in fees charged by the ATM provider.

USAA offers a wide range of products, including bank accounts, investment accounts, insurance, loans, and mortgages. You'll also receive your direct deposit one day before payday.

USAA could be a good military bank if you're comfortable banking digitally. Its mobile app has strong ratings, including 4.8 out of 5 stars in the Apple store with over 1 million reviews.

What to look out for: Limited physical locations. USAA only has offices in a few US states, England, Germany, and Luxembourg. It's really a better fit for people who want online and mobile access to their bank.

Navy Federal Credit Union


0.05% APY

Min Deposit


Featured Reward


Editor's Rating

  • Details
  • Pros & Cons
  • Available to active military, retired military, or reservists
  • Join Navy Federal Credit Union as an active military member, military veteran, Department of Defense employee/retiree, or family member of any of the aforementioned groups
  • 247 branches worldwide, including on select military bases
  • Over 500 Navy Federal ATMs and over 2 million free partner ATMs
  • Interest compounded monthly, paid monthly
  • Federally insured by the NCUA
  • No minimum opening deposit
  • Refunds up to $20 per month in out-of-network ATM fees
  • Receive direct deposits one day before payday
  • No monthly service fee if you set up military direct deposits
  • Free personalized checks
  • 3 overdraft protection options: savings transfer, line of credit, or optional overdraft protection service
  • Interest compounded monthly, not daily
  • Free Active Duty Checking is only for active military, retired military, or reservists

Who can join: Active military, veterans, employees or retirees of the Department of Defense, and family members of any of the aforementioned groups are eligible.

Why it stands out: Navy Federal is a great choice if you want in-person branch access. There are 247 branches around the world, including in North America, Europe, Africa, and Asia. Some of its branches are on select military bases.

There are over 500 Navy Federal ATMs. You also have free access to 30,000 CO-OP ATMs in the US and Canada and to 1,100 CashPoint ATMs in North Carolina, and access to 2 million Visa/PLUS ATMs worldwide. If you use an out-of-network ATM, Navy Federal will reimburse up to $20 per month in fees charged by ATM providers for Navy Federal Free Active Duty Checking, and $10 per month for other checking accounts.

Along with bank accounts, Navy Federal provides loans, credit cards, mortgages, investment accounts, and insurance.

What to look out for: The cost of using your debit card outside of the US and Canada. There are plenty of Visa/PLUS ATMs worldwide, but Navy Federal charges a $1 fee when you use one. Some in-network ATMs will charge a 1% international assessment fee.

Navy Federal does reimburse between $10 and $20 per month for ATM fees. These refunds apply to the $1 charge for Visa/PLUS ATMs, but not toward the 1% ISAs.

Pentagon Federal Credit Union


0.70% APY

Min Deposit


Featured Reward


Editor's Rating

  • Details
  • Pros & Cons
  • Many ways to join PenFed, the easiest being to open a savings account with $5
  • Branches in US and on military bases in Guam, Puerto Rico, and Japan
  • Interest compounded monthly, paid monthly
  • Federally insured by the NCUA
  • Competitive APY
  • $5 opening deposit
  • No monthly service fee
  • Compounds interest monthly, not daily
  • You may find a slightly higher rate elsewhere

Who can join: You can be a member of the military, employee of an eligible association or business, employee of certain US government agencies, worker or volunteer at the American Red Cross, resident of certain areas, or family member of anyone who falls into one of these groups.

Otherwise, you can become a PenFed member by opening a savings account with $5.

Why it stands out: PenFed could be a good fit if you want to earn high interest rates. You'll earn 0.70% APY on PenFed Premium Online Savings, 0.20% to 0.40% APY on PenFed Access America Checking, and 0.30% to 0.90% APY on PenFed Money Market Certificate.

PenFed has branches in 13 US states and DC, and on military bases in Guam, Puerto Rico, and Japan. You'll also have free access to around 68,000 ATMs.

PenFed offers credit cards, loans, mortgages, and investment accounts. 

What to look out for: ATM fees. PenFed charges $1.50 when you use an out-of-network ATM, and unlike some of our other top picks, it doesn't reimburse any fees charged by out-of-network ATM providers. You'll also be charged up to 2% for using your debit card or credit card outside the US.

Security Service Federal Credit Union

Min Deposit


Featured Reward


Editor's Rating

  • Details
  • Pros & Cons
  • Join Security Service FCU if you are a member of select military branches at certain military bases; are an employee of the Department of Defense; live, work, worship, study, volunteer, or have a business in CO, TX, or UT; are related to someone who is already a Security Service FCU member
  • Branches in CO, TX, and UT; shared branches in LA, NM, OK, and TX
  • Over 30,000 free ATMs
  • Federally insured by the NCUA
  • No monthly service fees
  • No minimum opening deposit
  • Overdraft protection available as a transfer from savings or as a line of credit
  • $1.50 out-of-network ATM fee
  • Doesn't reimburse fees charged by out-of-network ATM providers

Who can join: You may be eligible as a member of certain military branches at select bases. As a citizen, you can join if you live, work, study, worship, or have a business in Colorado, Texas, or Utah. Or you can join if you're a relative of a current Security Service member.

Why it stands out: Security Service FCU has branches in Colorado, Texas, and Utah. It also participates in CO-OP shared branching. This means you can make deposits, withdrawals, or loan payments at 5,000 other credit unions throughout Louisiana, New Mexico, Oklahoma, and Texas, which is helpful if you don't live near a Security Service branch.

You have free access to Security Service ATMs and Stripes ATMs in areas with branch and shared branch locations. You can also use 30,000 CO-OP ATMs for free around the US.

Security Service FCU offers bank accounts, loans, credit cards, mortgages, investment accounts, business accounts, and insurance.

What to look out for: ATM fees. Security Service FCU charges $1.50 when you use an out-of-network ATM fee, and it doesn't refund any fees charged by out-of-network ATM providers. You'll also be charged a 1.10% fee for using your debit or credit card abroad.

Service Credit Union

Min Deposit


Featured Reward


Editor's Rating

  • Details
  • Pros & Cons
  • Join Service Credit Union as an active or veteran military member, former or current employee of the Department of Defense, citizens in NH or parts of MA, and relatives of people who qualify
  • Branches and ATMs in the US and Europe
  • Three Everyday Checking tiers: Basic, Direct Deposit, and Direct Deposit +
  • Basic doesn't reimburse out-of-network ATM fees or offer loan discounts; Direct Deposit reimburses up to $15 per month in out-of-network ATM fees and offers 0.50% discounts on certain loans; Direct Deposit + reimburses up to $30 per month in out-of-network ATM fees and offers 0.75% on certain loans
  • Qualify for Direct Deposit tier by setting up direct deposits; qualify for Direct Deposit + by setting up DFAS direct deposits, OR by setting up direct deposits and making at least 5 payments per month
  • Federally insured by the NCUA
  • No minimum opening deposit
  • No monthly service fees
  • No out-of-network ATM fee
  • Earn up to $30 per month in out-of-network ATM refunds, depending on tier level
  • Earn up to 0.75% discount on certain loans, depending on tier level
  • Get paid up to 2 days early
  • Transfer funds from savings for overdraft protection
  • No ATM fee refunds or loan discounts for Basic tier
  • Limited fee refunds and loan discounts for Direct Deposit tier

Eligibility: You can join Service Credit Union as an active or veteran military member, or as a current or former Department of Defense employee. Citizens of New Hampshire or parts of Massachusetts are eligible. You can also join if you're a family member of someone who qualifies.

Why it stands out: With a Service Everyday Checking Account, you can receive discounts on certain loans. You'll receive a 0.50% discount if you qualify for the Direct Deposit tier, and a 0.75% discount with the Direct Deposit+ tier.

Service Credit Union provides loans, bank accounts, mortgages, credit cards, business loans, insurance, and investment accounts.

Service Credit Union has branches and ATMs in parts of the US and Europe. The credit union won't charge you for using an out-of-network ATM, but the ATM provider might. In this case, you can receive up to $15 or $30 per month in reimbursements for the Direct Deposit and Direct Deposit+ tier, respectively.

The Primary Savings Account pays a very high APY on your first $500. The rate drops on balances over $500, but it's still higher than what many banks pay.

You can contact a customer service representative over the phone 24/7, or chat live online.

What to look out for: Discounts on certain types of loans. Service Credit Union's loan discounts do not apply to business loans, lines of credit, home loans, VISA loans, or certificate/share secured consumer loans. But you may be able to get a discount on personal loans, vehicle loans, or student loans.

Chase Military Banking


0.01% effective as of 06/12/2020. Interest rates are variable and subject to change

Min Deposit


Featured Reward

$300 when you open a new Chase Premier Plus Checking℠ account and set up direct deposit

Editor's Rating

  • Details
  • Pros & Cons
  • Enjoy $300 as a new Chase checking customer when you open a Chase Premier Plus Checking℠ account and set up direct deposit
  • Enjoy $300, more benefits, and earn interest on your new Chase checking account
  • The $25 monthly service fee is waived when you keep an average beginning day balance of $15,000 or more in any combination of this account and linked qualifying Chase checking, savings, and other balances
  • No Chase fee on first four non-Chase ATM transactions per statement period
  • Earn interest on your checking account balance
  • Access to 16,000 Chase ATMs and nearly 4,900 branches
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii, and Puerto Rico. For branch locations, visit
  • No required opening deposit
  • Almost 4,900 branches
  • Four waived out-of-network fees per month
  • $25 monthly fee unless you have $15,000 or a Chase mortgage
  • $2.50 fee for out-of-network ATMs
  • No out-of-network ATM fee reimbursements
  • 3% foreign transaction fee
  • $34 overdraft and non-sufficient funds fees
Read Our Review Read Our ReviewA looong arrow, pointing right

Eligibility: You can receive Chase military benefits as an active, veteran, reserve, or National Guard military member.

Why it stands out: Chase isn't a military bank, but it does have benefits for military members. When you open a Chase Premier Plus Checking℠ account, Chase waives the $25 monthly fee; gives you a free safety deposit box; lets you use out-of-network ATMs for free four times per month; gives you free counter checks, cashier's checks, and money orders; waives the monthly fee for up to two additional checking accounts and a savings account.

Active duty members and reservists for the Air Force, Army, Coast Guard, Marines, National Guard, and Navy receive additional benefits if you set up military direct deposits. Benefits include unlimited waived fees for out-of-network ATMs; free incoming and outgoing wire transfers; free foreign exchange rate adjustments when you use your debit card or an ATM with a currency other than US dollars.

Chase also has business accounts, mortgages, and auto loans for military members. The Survivor Program forgives debts of spouses and dependents of military members killed in action. 

What to look out for: Bank accounts for military family members. You can add a family member to your account, but military family members can't receive military benefits on their own accounts. For example, if you're an active military member with an 18-year-old child who wants to open a Chase Premier Plus Checking℠ account, then the child would still have to pay the monthly fee.

Other military banks and credit unions we considered, and why they didn't make the cut

  • Air Force Federal Credit Union: This is a solid credit union, but AFFCU doesn't reimburse out-of-network ATM fees charged by ATM providers, and you can find higher savings rates elsewhere.
  • Armed Forces Bank: This bank charges monthly service fees on checking and savings accounts, but you might like it if you qualify to waive the fees.
  • Bank of America Military: This is another big bank with military offerings, but it doesn't have anything equivalent to Chase's Survivor Program.
  • US Bank Military Banking: Another good national bank with military services, but its benefits aren't as robust as what Chase offers.
  • Wells Fargo Worldwide Military Banking: Wells Fargo has a lot of resources for military members, but you still might prefer Chase if you're interested in the Survivor Program.
  • Andrews Federal Credit Union: This is a fine credit union, but nothing makes it stand out from our top picks.

Why trust our recommendations?

Personal Finance Insider's mission is to help smart people make the best decisions with their money. We understand that "best" is often subjective, so in addition to highlighting the clear benefits of a financial product or account — a high APY, for example — we outline the limitations, too. We spent hours comparing and contrasting the features and fine print of various products so you don't have to.

Why choose a military bank over another type of bank?

If you've served in the military or have a family member who has served, then you might want a financial institution that is specifically set up for military members. This could mean either a military bank or credit union, or an institution that has special services for military members.

Most military banks let you receive your paycheck one or two days earlier than other institutions, which gives you access to your money faster and helps you start accumulating interest sooner.

Banks with military benefits often issue loans specifically for military members. For example, you could qualify for a VA mortgage, which doesn't require any down payment. Other banks may not offer VA loans.

Military banks and credit unions typically have a large ATM and/or branch network, because military families tend to move around a lot. Some may even have branches and ATMs on or near military bases, which makes banking much more convenient for you.

How did we choose the best financial institutions for military members and their families?

We looked at military banks, military credit unions, and financial institutions that aren't specifically for the military but have products geared toward military members. We chose banks and credit unions that had a wide range of ATMs, and preferably out-of-network ATM fee reimbursements, since military members travel frequently.

Our top picks also had to make it easy to access your money — either with a large branch network and branches near military bases, or with strong online services. We also selected ones that provided multiple products for military members, including bank accounts, loans, and mortgages. 

What's the difference between a bank and credit union?

A bank is a for-profit company. Almost anyone can keep money with a bank, as long as you have the necessary minimum opening deposits.

A credit union is a not-for-profit financial institution owned by its members. You must become a member to bank with a credit union, and each business has its own rules about who can join.

Which is better, a bank or credit union?

Banks and credit unions each come with their pros and cons, so it depends on what you want out of a banking institution. For example, banks often have stronger technology, but credit unions are known for good customer service. 

If you're searching for high interest rates on your savings accounts, your choice between a bank and credit union could be a little tricky. Credit unions typically pay higher rates, but they only compound your interest monthly. Banks usually compound interest daily, which helps you earn more in the long run

If the difference in interest rates is minuscule, then you might want to go with a bank that compounds interest daily. But if a credit union pays significantly higher rates than a bank — say, 5% versus 0.01% — then the higher rate with less frequent compounding will still earn you more.

To learn more about what makes a good military financial institution and how to choose the best fit, four experts weighed in:

Here's what they had to say about choosing a place to bank. (Some text may be lightly edited for clarity.)

What should someone look for in a military bank?

Tania Brown, CFP:

"In the military, you have no idea where you will be living every few years, so it's important to have a bank that can travel with you. First is accessibility — you have to have easy access to services, either through multiple locations or technology. You should easily be able to handle every transaction by phone or by computer. 

"Second, the hours should be long enough for you to reach them if needed, no matter where you are in the world. 

"Third, either an ATM network of banks or ATM fee reimbursements so you are not continuously charged every time you take out cash."

How can someone decide between a bank and a credit union?

Laura Grace Tarpley, Personal Finance Insider:

"Look at interest rates and how often interest compounds. The more often an institution compounds interest, the more money you'll earn. Many credit unions pay higher rates than banks. But they only compound interest monthly, whereas banks compound daily. Do the math to figure out where you'll earn the most."

Tania Brown, CFP:

"For most people, it falls into five categories: location, interest rates, services, technology, and relationships. Next, prioritize what's important and you will have your answer. For instance:

  • If multiple regional and national locations are important: Banks typically have more locations than credit unions.
  • If the most important thing to you is a high interest rate: Credit unions, on average, offer better interest rates than banks.
  • If a lot of services (commercial banking, business banking, investment services, etc.) are valuable to you: Larger banks offers more services than most credit unions. 
  • If feeling like a person, not a number, matters to you: Credit unions are known for great personalized customer service.
  • If you are a tech junkie: Larger banks typically offer more tech bells and whistles for online users than credit unions."

What makes a savings account good or not good?

Roger Ma, CFP:

"It might not be as seamless to get your money out of an online savings account as it is a brick-and-mortar, but you don't want to have so much friction where it's such a pain to get the money out when you need it."

Mykail James, CFEI: 

"Anything with a fee is not a good high-yield savings account. Anything that restricts how much you can save is, to me, not very good. If I can't save more than $10,000 in this account, and then I have to move it over somewhere else — to me, that's not a really good savings account, because it's not really prepared to help me expand and grow, which is what a savings account is supposed to do.

"I also look at interest rates, definitely. I look to see when the interest is paid. Is it quarterly, or is it monthly? How often do they pay out interest, and what are the interest rate stipulations?"

What makes a checking account good or not good?

Roger Ma, CFP:

"I would look at the ATM branch locations and then minimum balance amounts to not incur a monthly fee … I think there's other stuff that could make life easier, whether it's a free checks, online bill pay, or are they in the Zelle network?"

Laura Grace Tarpley, Personal Finance Insider:

"Make a list of the top three to five things you want out of a checking account. Is it a great mobile app, 24/7 customer support, no ATM fees? Then research the best banks for those features."

AT&T (T) Stock Moves -1.04%: What You Should Know - Nasdaq

Posted: 21 Sep 2020 02:45 PM PDT

[unable to retrieve full-text content]AT&T (T) Stock Moves -1.04%: What You Should Know  Nasdaq

Getting a Credit Card for a New Business or Startup - NerdWallet

Posted: 20 Jul 2020 04:52 PM PDT

If you want a business credit card for a new enterprise, side hustle or startup, you don't have to wait to establish a business credit history before applying. If you have good credit — represented by a credit score of 690 or above — you can generally qualify based on your personal credit history.

It's not necessarily a deal-breaker if your business or side hustle hasn't made any money yet. You can say so on the application. The issuer looks at your personal finances and your business's information to determine if you're eligible.

Here's how to tackle your application for a business credit card for a new business or startup.

Business credit card application requirements

When applying for a business credit card, you'll be asked for both personal and business information. Commonly requested business information includes:

A tax ID number: If you don't have a separate tax ID for your business (and many entrepreneurs don't), you can use your Social Security number.

The business's name: If your business has a legal name, put it here. Freelancers, consultants or gig workers without a "named" business can just put down their own name instead.

The legal structure (entity type): This is where you identify how your business is organized. (See below for more details about business structures.) Most small businesses in the United States don't actually have a formal legal structure like a partnership, corporation or LLC. They're sole proprietorships, meaning they are owned by a single individual who essentially "is" the business. Sole proprietors can qualify for business credit cards just like any other businesses.

Address and phone number: Provide the address and phone number for your business, if it's separate from your own. If you don't have a business location or a separate phone line for business, your home address and personal phone number will do.

The date you started your business: This one is pretty straightforward.

Total annual revenue for the business: Revenue is the money your business brings in. It's not the same as profit, which is revenue minus expenses. It's possible that you might not have any revenue as a new business. If that's the case, you can put $0 on your application.

Information about individuals who own 25% or more of the business: If someone else has a more than one-quarter share in your business, you'll want to have their name, date of birth, Social Security number and address handy in case the issuer requests it.

Type of industry: This is different from business structure. This is "what you do" in your business, such as transportation, construction or general services, for example.

The personal guarantee

When you apply for a small business credit card, you're generally required to personally guarantee any debt on the card. This means that if your business fails, you're on the hook for any balance, and the credit card issuer can go after your personal assets. This is the case even if your business structure otherwise protects you from liability for company debts, as with a corporation or LLC.

On the plus side, the personal guarantee makes it possible for a new business to qualify for a card even if it doesn't have a lot of revenue. Because of the guarantee, the application also requires details about you so that the issuer can run a personal credit check. This typically results in a hard inquiry on your credit report and a temporary dip in your credit score. Here are some of the details you may be required to provide:

  • Name and job title.

  • Social Security number.

  • Annual income.

  • Ownership percentage of the business.

  • Home address.

  • Phone number.

  • Date of birth.

  • Email address.

Nerd tip: The personal guarantee requirement means that if you have bad personal credit, you're unlikely to qualify for most small-business credit cards.

What do I set as the business structure?

You don't need to have walls or employees to be considered a "business" for credit card purposes. If you're engaged in an activity that earns money, and you aren't someone else's employee while doing it, you're a business. If you have no idea what your business structure is, then you're most likely a sole proprietor.

The most common business types are:

  • Sole proprietorships: A sole proprietor owns an unincorporated business by themselves, keeps all the profit and is liable for all the debts. Sole proprietors can include such people as freelancers, Etsy shop owners, rideshare drivers or "taskers" who perform services via TaskRabbit.

  • Partnerships: A partnership is a formal business relationship between two or more people, who share in the company's profits and are responsible to some degree for its debts. Law firms and medical groups are often partnerships.

  • Corporations: A corporation is a legal entity that exists entirely separate from its owners, which means the owners bear less legal liability for the company's debts.

  • S corporations: An S corporation is a special type of corporation designed for smaller businesses, which allows the owners to avoid personal liability while getting special tax treatment. There are fairly tight rules for which businesses can qualify for S-corp status.

  • Limited liability companies: An LLC shields its owners from personal liability without requiring them to form a corporation.

Choosing a business credit card

The best credit card for your new business or startup is one that aligns with your needs and spending patterns. Here are key factors to weigh when picking a business credit card:

Rewards: Business credit cards tend to have richer sign-up offers than consumer cards. While those offers may be attractive, don't let them distract you from the card's ongoing rewards and benefits. Focus on whether you spend often in the card's rewards categories. This way, you'll get more value from the card.

Travel-friendly features: If your business requires a lot of international travel, a card that doesn't charge foreign transaction fees will save you money. You can also avoid complications with payments overseas by choosing a business credit card that belongs to a network with broad merchant acceptance like Visa or Mastercard. Regardless of whether you travel domestically or internationally, you might consider a card that offers airport lounge access or that reimburses you for the application fee for TSA Precheck or Global Entry.

Bookkeeping tools: Many business credit cards offer account management tools that can help you stay organized come tax time. If there is a particular feature that can simplify your life as a business owner, it should definitely make it onto the checklist of must-haves for a business credit card.

Credit reporting: If your goal is to grow your business and build your business's credit history, make sure your business credit card reports to Dun & Bradstreet, Experian and Equifax, at the very least. Contact the issuer to verify which credit bureaus a credit card reports to.

Business credit cards worth exploring

If you prefer a $0 annual fee, the Discover it® Business Card offers unlimited 1.5% cash back on all purchases. You'll get some breathing room with the card's introductory offer: 0% on Purchases for 12 Months, and then the ongoing APR of 14.49% - 22.49% Variable APR. New cardholders get this bonus offer: "Get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically. And no limit to how much we'll match. So you could turn $350 cash back into $700 with Cashback Match™."

The Capital One® Spark® Cash for Business offers simplicity with a 2% cash back rate on all purchases. On top of that, the card offers a sizeable sign-up bonus: Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. It does have an annual fee, however: $0 intro for the first year, then $95.

Unlike other cards for business owners, the Brex Card for Startups doesn't hold you to a personal guarantee. It determines eligibility by looking into your company's cash balance, spending patterns and investors. Your business must have $100,000 in the bank to apply for the card. It earns 1 point per dollar spent on purchases and more in other categories if you make the Brex Card for Startups your only company card. Cardholders also benefit from an introductory offer and discounts with certain merchants. It has a $0 annual fee.

The Business Platinum Card® from American Express can offer generous perks like travel credits, redemption bonuses, airport lounge access and more to business owners that spend heavily on travel. It has a steep $595 annual fee, but the card's perks and introductory offer can potentially offset the cost. Earn 75,000 Membership Rewards® points after you spend $15,000 on qualifying purchases within your first 3 months of Card Membership. Terms apply. The card offers 5 Membership Rewards points per dollar spent on flights and prepaid hotels booked through, 1.5 points per dollar spent on eligible purchases of $5,000 or more (good for up to 1 million extra points per year), and 1 point per dollar on all other purchases. Terms apply.


Popular posts from this blog

Window for Small Businesses to Apply for PPP Funding Closes Saturday - Bay News 9

List of Easy Approval Net 30 Accounts for 2020 - Nav

This new business index offers a more accurate way to forecast recessions - MIT Sloan News