9 Best eCommerce Credit Cards (Online Sellers’ Guide)

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Best eCommerce Credit Cards

eCommerce is a fast-paced industry – On top of managing your inventory and making sales, you have to handle logistics, maintain relationships with suppliers, and keep your customer service on point while you maintain momentum. In the meantime, you need the right financial tools. Business credit cards and corporate cards can streamline your money operations. 

So, what are the best credit cards for eCommerce?

You’ve landed on a deep dive here, which you can use to determine exactly what card is right for you and your online store. If you don’t already know, you’ll learn the difference between business credit cards and corporate cards, find out what to look for in a card, and browse a list of the best cards for business owners in the online sales niche. 

(Quick note: we’re not talking about consumer credit cards for online shopping.) 

Here’s what’s in store: 

Now, let’s jump in! 

Navigating the Plastic Jungle: Business Credit vs. Corporate Cards

Alright, buckle up — it’s decision time. You’ve got your eye on that shiny piece of plastic, but should it scream “business” or “corporate”? Let’s break down the rumble between these heavyweights.

Business credit cards are designed for companies who need a line of credit that can carry a balance each month. You would choose a business credit card over a consumer credit card because of the tailored rewards and features and the ability to obtain larger lines of credit…The transition to business credit can change your life. 

Meanwhile, corporate cards typically have to be paid in full each month and tend to come with a range of advanced features like real-time expense tracking, budget controls, and integration with your business tools and software.

In a nutshell, both types of cards may offer rewards like cash back or discounts with technology partners (though this is a fairly new offering from contemporary corporate cards). So, you might get a business credit card when you need a cash flow boost for your company and a corporate card when you need better financial management – And, many businesses use both. 

Recommended: Here’s How to [Actually] Get Business Credit With Just an EIN +More Options 

Best Business Credit Cards for eCommerce

Opting for a business credit card is a savvy move, especially for eCommerce ventures. It provides the flexibility needed to navigate the dynamic landscape of online businesses. 

Look for a business credit card tailored to eCommerce that offers rewards and benefits specifically relevant to your industry. 

Focus on features like: 

  • Bonus points for online advertising
  • Shipping perks
  • Cash-back options for your predominant business expenses

Generally, a good business credit card for eCommerce should align with your spending patterns and provide valuable rewards that can be reinvested or used to enhance your online operations.

Now, let’s take a look at the best eCommerce best credit cards. 

You might also like: 6 Best Business Credit Cards for Entrepreneurs: Fuel Your Growth 

1. Amazon Business Prime Card from Amex

Best credit card for eCommerce Reddit

The Amazon Business Prime American Express Card is a fantastic choice for Amazon sellers looking to maximize their business expenses. With this card, you enjoy flexible payment terms, allowing you to carry a balance if needed. 

The Annual Percentage Rate (APR) is competitive, offering financial convenience. 

What makes this card stand out are the rewards – you earn 5% back or 90 days interest-free on U.S. purchases at: 

  • Amazon Business
  • AWS
  • Amazon.com
  • Whole Foods Market 

Additionally, you earn 2% back at: 

  • Restaurants
  • Gas stations
  • Wireless telephone services 

For the online seller crowd, this card is a boon, especially for those heavily invested in the Amazon ecosystem. The 5% back on Amazon Business purchases can significantly boost your bottom line, making it a go-to choice for Amazon sellers looking to make the most out of their business spending (it might be the best card for those with an Amazon seller account). 

You might also like: Amazon Corporate Credit Line – The Ultimate Guide 

2. Amex Business Gold Card

Best credit card for print on demand

The American Express® Business Gold Card is a solid choice for online sellers, offering flexibility and rewards tailored to business needs. While it’s no Centurion (the credit card the Kardashians use), with this card, you enjoy a dynamic payment structure, allowing you to carry a balance when necessary. 

The APR is competitive, ensuring financial convenience. What sets this card apart are the rewards – you earn 4X Membership Rewards® points on two select categories where your business spent the most each billing cycle, up to the first $150,000 in combined purchases from these two categories each calendar year. 

The U.S. reward categories include: 

  • Airfare purchased directly from airlines
  • Purchases for advertising in select media
  • Purchases at gas stations
  • Purchases at restaurants
  • Purchases for shipping
  • Computer hardware
  • Software
  • Cloud computing purchases 

These perks make it a great fit for a variety of online sellers, including those invested in advertising, travel, and technology. The flexibility in reward categories makes it adaptable for a range of business expenses, making it an attractive option for Etsy sellers, Shopify sellers, and those using various online platforms.

Recommended: What is the Best Credit Card for Ad Spend? Expert Insights 

3. Chase Ink Business Preferred Credit Card

Best credit card for online sellers United States

The Ink Business Preferred® Credit Card from Chase Bank is a stellar choice for online sellers, particularly those with diverse business expenses. With this card, you enjoy favorable payment terms and a competitive APR for financial flexibility. 

The standout feature is the generous rewards program – you earn 3 points per $1 on the first $150,000 spent on combined purchases in categories like: 

  • Travel
  • Shipping
  • Advertising

The points are worth 25% more when you redeem for travel through the Chase Ultimate Rewards® program. For online sellers, this card is especially appealing because of its broad reward categories, making it suitable for various business expenditures. 

Whether you’re into advertising on social media, frequently shipping products, or managing travel for business purposes, the Chase Ink Business Preferred® Credit Card caters to a wide range of online sellers, including those using payment platforms like Shopify and Stripe.

Recommended: Chase Ink Business Preferred Credit Card: A Deep Dive Analysis 

4. Chase Ink Business Unlimited Credit Card

Can you get a business credit card for an Etsy shop?

The Chase Ink Business Unlimited® Credit Card is a straightforward and rewarding choice for online sellers seeking simplicity and flexibility. This card comes with uncomplicated payment terms and a competitive APR, offering financial ease. 

What makes it appealing is the straightforward rewards structure – you earn 1.5% cash back on every purchase with no limit. 

This flat-rate cash back is particularly beneficial for online sellers who want a hassle-free way to earn rewards on all their business expenses. Whether you’re selling on Amazon, Etsy, or running your own Shopify store, the simplicity of earning a consistent 1.5% cash back on everything can be a real advantage. 

It’s an excellent fit for those who prefer a no-frills approach to rewards and want to maximize their earnings across the board without worrying about category restrictions.

You might also like: What are the Best Unsecured Business Credit Cards for Startups? 

5. The Amex Blue Business® Plus Credit Card

Best eCommerce credit card for small business

The Blue Business® Plus Credit Card from American Express is a fantastic choice for online sellers looking for flexibility and rewards. With this card, you enjoy a 0% introductory APR on purchases for the first 12 months, providing a cushion for business expenses. 

After the introductory period, a competitive APR comes into play. 

The standout feature is the Membership Rewards® program, where you earn 2X Membership Rewards® points on the first $50,000 spent annually, and 1X points thereafter. 

This makes it an excellent option for online sellers with moderate to high business expenses, offering a solid return on everyday purchases. Whether you’re an Etsy seller, a Shopify entrepreneur, or use various online platforms, the Blue Business® Plus Credit Card is versatile. 

With this card, you can earn points on a broad spectrum of business expenditures (it’s a valuable addition to any online seller’s toolkit).

You might also like: How to Get a Business Credit Card – The Ultimate Guide 

Best Corporate Cards for eCommerce 

Now, a corporate credit card is a strategic choice for larger eCommerce enterprises dealing with more substantial budgets and intricate financial needs. 

If you’re going to go this route, you should opt for a corporate card that integrates seamlessly with eCommerce platforms, which facilitates efficient transactions. 

Look for advanced features like: 

  • Real-time expense tracking
  • Customizable spending limits
  • Integration capabilities with your eCommerce tools

Overall, a good corporate credit card for eCommerce should empower your business with tools for precise financial control, ensuring smooth transactions, and streamlining overall financial management.

Okay, time to level up your game…Let’s look at the top eCommerce corporate cards.

Recommended: Bank of America Corporate Cards: A Complete, Uncut Review 

1. Stripe Corporate Card

Advantages and disadvantages of credit card in eCommerce

The Stripe Corporate Card is tailor-made for businesses, particularly those engaged in online transactions using the Stripe platform. With this card, online sellers benefit from a streamlined payment experience, as it’s directly integrated with the Stripe payment system. 

The Stripe Corporate Card doesn’t charge annual fees, and it offers a straightforward cash back system — You earn 2% cash back on your top two spending categories each month, providing flexibility for different business needs. 

This card is especially appealing to sellers using Stripe for payment processing, such as those with eCommerce stores, subscription services, or online marketplaces. The seamless integration with Stripe simplifies financial management, making it a practical choice for businesses heavily reliant on this payment gateway. 

Whether you’re selling on Shopify, WooCommerce, or managing a subscription-based business, the Stripe Corporate Card can enhance your financial efficiency and provide rewards tailored to your spending habits.

Recommended: Have You Heard About the Free Stripe Corporate Card Cashback Benefits? 

2. Brex Corporate Card

Best credit card for Etsy sellers

The Brex Corporate Card is a standout choice for modern businesses, particularly those with a tech-savvy and entrepreneurial spirit. One of its most notable features is that it doesn’t require a personal guarantee, making it an attractive option for startups and online sellers with fluctuating income. 

With Brex, you get a 60-day interest-free period, allowing some breathing room for cash flow management. 

The rewards program is geared towards business expenses, offering: 

  • 8x points on rideshare
  • 5x points on travel booked through Brex
  • 4x points on Brex Travel
  • 3x points on restaurants
  • 1x points on everything else

This makes it an appealing option for online sellers who frequently travel, use rideshare services, or entertain clients. The tech-friendly nature of the card and its rewards structure align well with the needs of online businesses, particularly those utilizing platforms like Shopify. 

In all, it caters to a range of expenses often associated with eCommerce and modern business operations.

Recommended: Brex Card Review: Is This Corporate Card Offer Too Good to be True? 

3. Divvy Corporate Card

best credit card for Alibaba purchases

The Divvy Corporate Card is a game-changer for businesses looking to streamline expense management. This card offers a unique approach, with no annual fees and a 0% APR. 

Divvy’s standout feature is its real-time expense tracking and budgeting tools, allowing businesses to stay on top of spending effortlessly – Users can allocate budgets to different teams or projects, making it a great fit for online sellers with diverse expenditure areas. 

While it doesn’t offer traditional rewards points, the value lies in its smart financial tools, providing a comprehensive overview of expenses.

 This card is particularly attractive to online sellers who value transparency and want to efficiently manage their budgets across various categories. Whether you’re selling on Amazon, Etsy, or running a business on Shopify, the Divvy Corporate Card can be a practical choice for those who prioritize real-time expense tracking and want to optimize their budget allocation.

Recommended: In-Depth Divvy (BILL) Credit Card Review: Read This Before You Apply 

4. Shopify Credit

Shopify business credit card

While it’s called Shopify “Credit,” this offer is actually more akin to a corporate card. Shopify Credit is a straightforward and accessible financing option tailored for businesses operating on the Shopify platform. 

With no interest or fixed payments, it’s an attractive choice for online sellers looking for flexibility. Shopify Credit is automatically available to eligible businesses, and the credit limit is based on the merchant’s sales history and account health. 

This makes it a convenient option for Shopify sellers who may need extra capital to invest in inventory, marketing, or other business needs. The absence of traditional interest charges and fixed payments allows sellers to align repayments with their sales cycles. 

Whether you’re a small boutique or a growing eCommerce enterprise, Shopify Credit provides a hassle-free way to access funds and invest in the growth of your online business.

You might also like: Shopify Capital Review: What are the Benefits & is it Worth it?  

Frequently Asked Questions

Which credit card is best for eCommerce?

It depends on your style. Amazon Business Prime Amex or Chase Ink Preferred offer perks for online sellers. If you prefer simplicity, Chase Ink Unlimited gives a solid 1.5% cash back on everything. Stripe or Shopify corporate cards are great if you’re deep into those platforms.

Which credit card do most millionaires use?

Millionaires dig premium perks. Think Amex Platinum or Chase Sapphire Reserve for travel benefits and VIP treatment.

What is the role of credit cards in eCommerce?

Credit cards make online shopping smooth and secure for customers. For businesses, they’re the go-to for flexible spending, earning rewards, and managing cash flow. Stripe and Shopify corporate cards add extra perks for online sellers.

How do I use credit cards for eCommerce? 

Pick a card that fits your vibe. Use it for online buys, ads, shipping – the works. Track spending, set budgets, and if you’re on Stripe or Shopify, their corporate cards make life easier. Just keep it responsible to avoid any money headaches.

Final Swipe: Master Your Business Finances

In the dynamic world of eCommerce, where every click counts, having the right financial tools can be a game-changer. At this point, you should have an understanding of the intricate landscape of business and corporate credit cards.

Whether you’re diving into the flexibility of business credit cards tailored for eCommerce like Amazon Business Prime Amex or Chase Ink Business Preferred, or taking on the advanced features of corporate cards like Stripe or Brex, you’re now armed with the knowledge to make informed decisions.

Remember, it’s not about the flashiest card; it’s about the one that aligns with your business rhythm. So, choose wisely, swipe confidently, and let the perks roll in. Your financial adventure awaits!

If you’re interested in learning how to obtain up to $100K in business credit in as few as 30 days, join Business Credit Workshop today!

The Best Credit Cards for Landlords: A Comprehensive Guide

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best credit card for landlords

As a landlord, managing rental properties and maximizing profits is your top priority. One tool that can significantly aid in achieving this goal is the right credit card. 

In this extensive guide, we’ll explore the best credit cards for landlords. Whether you’re a seasoned property owner or just starting out, these credit cards can provide valuable benefits and rewards tailored to your needs. 

We’ll also address common questions about credit cards for landlords and provide insights into building business credit.

Here’s what’s in store:

Let’s get crackin’!

Why Should Landlords Choose Business Credit Cards?

Running a successful rental property business requires effective financial management. Compared to consumer credit cards, business credit cards tend to come with higher limits, yes. But, that’s not the only advantage.

Business credit cards offer several benefits that can simplify your operations:

First, with business credit cards, you can separate personal and business expenses effortlessly, making tax season a breeze.

Next, you can enjoy flexible credit limits to cover property-related costs and unexpected repairs.

And, you can earn valuable rewards, cash back, and discounts on everyday expenses associated with rental properties.

Finally, you can benefit from purchase protection and extended warranty coverage for appliances and equipment with a business credit card.

Furthermore, when you establish and strengthen your business credit profile, it can lead to better financing options in the future.

How to Grow Your Profits with Business Credit

Building strong business credit can be invaluable for a thriving landlord venture. 

To build your business credit, here’s what you can do:

  1. Lay a Solid Foundation – Choose your name and business category strategically. Establish your business entity and ensure consistency.
  2. Prepare Your Business for Credit – Secure an address, insurance, and licenses. Create an online presence and dedicated business account.
  3. Foster Financial Relationships – Network with local banks and credit unions. Understand financing programs and underwriting processes.
  4. Develop Strong Credit Profiles – Obtain a DUNS number and monitor your credit scores. Use tools like Nav for credit profile strength.
  5. Establish the Right Trade Lines Start with trade lines like store cards, net 30 accounts, and gas cards. Build a stable credit profile so you can continue to grow. 

And, here are some relevant companies that can help you build business credit: 

  1. Home Depot
  2. Floor & Decor
  3. Crown Office Supplies
  4. Shirtsy
  5. AtoB Gas Card

(Learn more about the process in our 7-step Business Credit Workshop.)

Key Factors to Consider When You Choose a Credit Card

To choose the right credit card for your landlord venture needs, here’s what you need to consider: 

  1. Rewards & Cash Back – Look for cards that offer rewards categories relevant to your rental business, such as office supplies or home improvement purchases.
  2. Annual Fees – Choose a card with no annual fee or a fee where rewards redemption will make it worthwhile. 
  3. 0% Intro APR Offers – If you plan to carry a balance, seek out cards with a 0% introductory APR period.
  4. Credit Limit: Make sure the credit limit lines up with your monthly expenses.
  5. Benefits and Perks – Consider additional benefits that align with your business.

The Best Business Credit Cards for Landlords

Here are the best credit cards for landlords, each offering unique advantages tailored to your rental property business – These credit cards cater to landlords by providing rewards, expense management tools, and cash flow flexibility that align with the ongoing nature of property management.

1. Chase Ink Business Preferred Card

credit card for rental property

The Chase Ink Business Preferred Card’s specialized bonus categories and advantageous point value for travel redemptions make it particularly valuable for landlords, addressing a range of expenses and travel requirements.

Plus, landlords usually have ongoing expenses related to property maintenance and management, which makes the card’s rewards on shipping and business categories worthwhile. The elevated redemption value for travel will benefit landlords who travel to manage properties in different locations.

  • Rewards – Earn 3X points on shipping and certain business categories, and 1X on all other purchases.
  • Redemption – Points gain a 25% boost in value when used for travel via Chase Ultimate Rewards.
  • Additional Benefits – Employee cards available, along with 5X points on Lyft rides.

Learn More: Chase Ink Business Preferred Credit Card: A Deep Dive Analysis 

2. Amex Blue Business® Plus Credit Card

amex blue business for landlords

The Amex Blue Business Plus Credit Card offers straightforward rewards for every purchase, coupled with useful tools for expense management that enhance a landlord’s ability to efficiently oversee their business finances.

The card’s straightforward rewards structure and expense management tools make it useful for keeping track of expenses associated with managing multiple rental properties.

  • Rewards – Gain 2X Membership Rewards® points on the initial $50,000 spent annually, followed by 1X points for subsequent purchases.
  • Cash Flow Flexibility – Experience Expanded Buying Power, with no preset spending limit.
  • Expense Management Tools – Benefit from employee cards, integration with QuickBooks®, Vendor Pay through Bill.com, and more.

3. Amex Business Platinum Card 

best credit card for real estate investors

The Amex Business Platinum Card stands out with one of the most robust rewards programs, many of which are relevant to property management, specifically those with properties in various locations.

Additionally, the card’s rewards on construction materials, hardware suppliers, and shipping providers align with landlords’ purchasing needs.

  • Rewards – Earn 1.5X points on eligible purchases at U.S. construction material & hardware suppliers, electronics, software & cloud providers, and shipping providers, plus on purchases of $5,000 or more elsewhere.
  • Travel Benefits – Take advantage of an array of travel rewards, such as:
    • Get a statement credit for Global Entry or TSA PreCheck® application fees. 
    • Earn 5X Membership Rewards® points for flights and prepaid hotels booked via AmexTravel.com. 
    • Access over 1,400 airport lounges through the Global Lounge Collection. 
    • Gain 35% of points back with Membership Rewards® Pay with Points for eligible flights via American Express Travel. 
    • Enjoy perks and earn 5X points on prepaid hotel and resort stays.
    • Receive up to $200 in statement credits annually for qualifying airline incidental fees.
    • Taka advantage of the Premium Private Jet program, premium car rental perks, Business Platinum travel service, trip delay and cancellation insurance, and more.
  • No Foreign Transaction Fees – Make purchases outside the U.S. without incurring foreign transaction fees.

Recommended: Best Credit Card for House Flippers: The Ultimate Guide

4. Amex Business Gold Card

best credit card for short term rental business

The Amex Business Gold card’s bonus categories encompass a wide spectrum of business expenditures, rendering it a valuable tool for various aspects of managing properties. Ans, the pay over time option provides cashflow flexibility, particularly when rental income is inconsistent.

Similar to the Business Platinum Card, the Business Gold Card’s rewards categories cover a broad range of expenses, including advertising, utilities, and shipping, which are often relevant to landlords. 

  • Rewards – Earn 4X Membership Rewards® points on the top 2 categories where your business spends the most in each billing cycle from a selection of options.
  • Cash Flow Flexibility – Take advantage of the option to pay over time with no preset spending limit.
  • Additional Benefits – Access expense management tools, employee cards, integration with QuickBooks®, Vendor Pay through Bill.com, and more.

5. Chase Ink Business Unlimited Card

best credit card for home improvement

The Chase Ink Business Unlimited Card delivers straightforward cash back on all purchases, which can offset a variety of expenses linked to property management activities, including supplies, renovations, and transportation.

The flat cash back rate on all purchases is beneficial for ongoing maintenance and home improvement expenses. Plus, the introductory 0% APR period can help manage large expenditures without incurring immediate interest.

  • Unlimited Cash Back – Secure 1.5% cash back on every purchase.
  • Intro APR – Enjoy a 0% introductory APR for 12 months on purchases.
  • Additional Benefits – Offer staff cards and earn 5% cash back on Lyft rides.

Recommended: 6 Best Business Credit Cards for Entrepreneurs: Fuel Your Growth 

Frequently Asked Questions

Can a landlord get business credit?

Yes, landlords can get a business credit card to build business credit. This helps separate personal and property expenses. Despite having a single property, you can qualify by using your business’s Employer Identification Number (EIN) instead of your Social Security Number (SSN). 

How do I use my EIN number for credit?

Using your Employer Identification Number (EIN) for credit involves applying for business credit cards and loans. Lenders use your EIN to assess your business’s creditworthiness.

Which bank credit card is best with no annual fee?

The Ink Business Unlimited® Credit Card from Chase is an excellent option, offering no annual fee and straightforward cash back rewards.

Which credit card is easy to get?

The Ink Business Cash® Credit Card from Chase is relatively accessible and offers tiered rewards, making it suitable for landlords.

What credit score do most rental companies use?

Most rental companies use a FICO credit score, with a score of around 650 or higher typically being considered a good credit score for rental applications.

Recommended: This is How to Pay Rent with a Credit Card (Home or Business) 

Final Thoughts

Selecting the right credit card for your rental property business can significantly impact your financial success – By considering factors like rewards, annual fees, and purchase protections, you can choose a card that aligns with your unique needs. 

The top business credit cards for landlords, along with their alternatives, provide valuable rewards and benefits that can enhance your rental property operations. 

Ready to take your property management business to the next level? Explore the possibilities with Business Credit Workshop and learn how to secure up to $100K in business credit within as few as 30 days. 

→ Join Business Credit Workshop today.

Best Credit Cards for House Flippers: The Ultimate Guide 2024 

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best credit card for house flippers

House flipping is a popular investment strategy for those looking to make profits in the real estate market. To help house flippers manage their finances effectively and make the most of their investments, choosing the right credit card is crucial. 

In this guide, we’ll explore the best credit cards for house flippers, including those for landlords and rental property owners. Whether you’re a seasoned flipper or just getting started, we’ve got you covered.

Here’s what’s in store: 

Now, let’s roll! 

What to Look for in a Credit Card for House Flippers

Before diving into the best credit cards, you need to know what to look for in a card to meet your needs as a house flipper.

First of all, you should search for the best rewards – Look for cards with rewards or cashback programs tailored to real estate-related expenses.

Next, see what introductory offers are available – Some cards offer attractive sign-up bonuses or introductory APRs, which can be beneficial during the initial stages of a house flip.

Then, make sure you’re getting a card with the lowest fees, or that the rewards offset the fees – Avoid cards with excessive fees that can eat into your profits.

Finally, you’ll want a high credit limit – A higher credit limit can provide more financial flexibility for property renovations and purchases.

Recommended: 6 Best Business Credit Cards for Entrepreneurs: Fuel Your Growth 

The Best Credit Cards for House Flippers

Here are the top five credit cards for house flippers and rental property owners, with a focus on their benefits and drawbacks.

Sure, here’s a summary of each of the credit cards you provided and how a house flipper could potentially use them to their advantage:

1. Amex Business Platinum Card

Best credit card for real estate investors

The Amex Business Platinum card offers extensive travel benefits, rewards on purchases relevant to house flipping, and various insurances that can help manage risks associated with travel and business expenses.

  • Travel Benefits: Earn 5X Membership Rewards® points on flights and prepaid hotels when booked through AmexTravel.com. Access to the Global Lounge Collection with over 1,400 airport lounges.
  • Airline Fee Credit: Up to $200 in statement credits per calendar year for incidental fees charged by a selected qualifying airline.
  • CLEAR Membership Credit: Up to $189 in statement credits per year for CLEAR® membership.
  • Airline Bonus: Get 35% of points back when using Membership Rewards® Pay with Points for eligible flights through American Express Travel.
  • Fine Hotels + Resorts Program: Receive perks and earn 5X points on prepaid stays.
  • Global Entry or TSA PreCheck® Fee Credit: Statement credit for Global Entry or TSA PreCheck® application fees.
  • No Foreign Transaction Fees: No foreign transaction fees on purchases made outside the U.S.
  • Rewards: Earn 1.5X points on eligible purchases at U.S. construction material & hardware suppliers, electronics, software & cloud providers, and shipping providers, plus on purchases of $5,000 or more elsewhere.
  • Other Benefits: Premium Private Jet program, premium car rental privileges, Business Platinum travel service, trip delay and cancellation insurance, and more.

Recommended: Amex Business Checking Review: What You Need to Know…Really 

2. Chase Ink Business Unlimited Card

Credit cards for real estate agents

The Chase Ink Business Unlimited card provides straightforward cash back on all purchases, which can help offset various expenses related to house flipping, including supplies, renovations, and transportation.

  • Unlimited Cash Back: Earn 1.5% cash back on all purchases.
  • Intro APR: 0% intro APR for 12 months on purchases.
  • Bonus: $750 bonus cash back after spending $6,000 in the first 3 months.
  • Other Benefits: Employee cards at no additional cost, 5% cash back on Lyft rides.

3. Amex Business Gold Card

Credit cards for real estate investors

The Amex Business Gold card’s bonus categories cover a wide range of business expenses, making it useful for various aspects of house flipping. The Pay Over Time option provides flexibility in managing cash flow.

  • Rewards: Earn 4X Membership Rewards® points on the top 2 categories where your business spends the most each billing cycle from a list of options.
  • Cash Flow Flexibility: Pay Over Time option, No Preset Spending Limit.
  • Other Benefits: Expense management tools, Employee cards, Connect to QuickBooks®, Vendor Pay by Bill.com, and more.

4. Chase Ink Business Preferred Card

Best credit card for landlords

Chase Ink Business Preferred’s bonus categories and high point value for travel redemption can be beneficial for a house flipper’s various expenses and travel needs.

  • Rewards: Earn 3X points on shipping and select business categories, 1X on other purchases.
  • Bonus: 100,000 bonus points after spending $8,000 in the first 3 months.
  • Redemption: Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards.
  • Other Benefits: Employee cards, 5X points on Lyft rides.

Learn more: Chase Ink Business Preferred Credit Card: A Deep Dive Analysis 

5. Amex Blue Business® Plus Credit Card

Best business credit cards for landlords

The Amex Blue Business Plus card offers simple rewards on all purchases, and its expense management tools can help house flippers efficiently manage their business finances.

  • Rewards: Earn 2X Membership Rewards® points on the first $50,000 spent in purchases each year, 1X points thereafter.
  • Cash Flow Flexibility: Expanded Buying Power, No Preset Spending Limit.
  • Expense Management Tools: Employee cards, Connect to QuickBooks®, Vendor Pay by Bill.com, and more.

Note that these offers can change over time – check the official website for each card to see the most accurate information about each offer. 

Consumer Credit Cards for House Flippers

In addition to the top five business credit cards, here are two alternative credit cards worth taking a look at as you start on your house flipping journey – These cards aren’t categorically for business owners, but they provide relevant offers.

1. Chase Freedom Unlimited® Card

Best credit card for short term rental business
  • Cash Back Rewards: Earn unlimited 1.5% cash back on all purchases. Get 3% cash back on dining and drugstore purchases, and 5% cash back on travel booked through Chase.
  • Intro APR: Enjoy a 0% intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 20.49%–29.24% applies.
  • Annual Fee: There is no annual fee for this card.
  • Bonus Offer: Earn a $200 bonus after spending $500 on purchases within the first 3 months of account opening. Additionally, earn 5% cash back on combined gas station and grocery store purchases (excluding Target and Walmart) up to $12,000 spent in the first year.
  • Special Features: Cash back rewards don’t expire as long as your account is open. No minimum redemption requirement.

2. Lowe’s Advantage Card

Flipping houses with credit cards
  • 5% Off: Enjoy a 5% discount on eligible purchases with the Lowe’s Advantage Card.
  • Special Financing: Get 6 months special financing on purchases of $299 or more. Also, avail of 12 months special financing on appliances and installed heating, ventilation, and air conditioning.
  • 84 Fixed Monthly Payments: For purchases of $2,000 or more, take advantage of reduced APR financing with 84 fixed monthly payments.
  • Lease to Own Option: Choose a no-credit-needed purchase option with a 90-day purchase period, early purchase option, or a 12-month standard lease agreement.
  • Additional Offers: Receive 20% off your purchase when opening and using a new account, and various other special financing options for different purchases.
  • Advantages Explained: The Lowe’s Advantage Card offers 5% off eligible purchases, special financing for larger purchases, and fixed monthly payments at a reduced APR for even bigger investments.
  • Online Account Management: Conveniently manage your Lowe’s Advantage Credit Card through an online portal, with options for AutoPay and customer service support.
  • Progressive Leasing: Lease-to-own service provided by Progressive Leasing, offering options for select items at participating locations.

Recommended: Is a Floor & Decor Business Credit Card Still Worth It? 

Elevate Your House Flipping Venture With Business Credit

Establishing solid business credit is an invaluable asset for a thriving house flipping venture. Let’s look at key steps to build business credit fast so you can open doors to enhanced funding opportunities and favorable insurance rates.

  • Step 1: Set a Strong Foundation – Select a business name and category that allow diverse funding options, maintaining consistency over time. Decide on your preferred method of business entity establishment, considering legal services, online platforms, or local government channels.

Learn more: Low-Risk NAICS Codes +Best SIC Codes for Business Credit

  • Step 2: Ready Your Business for Credit – Secure a physical address, acquire essential business insurance, and obtain required licenses. Create a professional online presence, list your business in relevant directories, and establish a local landline number and business checking account.

Learn more: What is a Virtual Address for Business? (+Do You Need One?) 

  • Step 3: Forge Financial Relationships – Attend local Chamber of Commerce events or network online to connect with potential financial partners. Identify local banks and credit unions, researching their financing programs and underwriting processes to gain insights into securing business credit.

Learn more: How to Network with Local Banks to Get Business Credit

  • Step 4: Set up Strong Business Credit Profiles – Obtain a DUNS number from Dun & Bradstreet and monitor Equifax and Experian business credit scores. Utilize Nav for free business credit monitoring, ensuring a robust credit profile to access favorable financing options.

Learn more: Everything You Need to Know About a DUNS Number

  • Step 5: Establish Effective Trade Lines – Utilize trade lines of credit, like gas and store cards, to embellish your business credit profile. Begin with tradelines before exploring revolving lines of credit, fostering stability and growth in your house flipping journey.

Learn more: 41 Companies That Help Build Business Credit [Beyond Net 30 Vendors] 

By following these steps, you’ll be equipped with essential business credit to propel your house flipping endeavor to new heights, securing funding and resources for a successful venture.

→ We teach the full, 7-step process in Business Credit Workshop. 

Frequently Asked Questions

Which home improvement credit card is easiest to get?

The Home Depot Consumer Credit Card is often considered one of the easiest home improvement credit cards to get due to its lenient approval requirements. Lowes has some great offers too. 

What is the average income of a home flipper?

The average income of a home flipper can vary widely depending on location and market conditions. However, successful flippers typically earn at least six-figure incomes.

Can you use business credit to flip houses?

Yes, you can use business credit cards to finance house flips by converting your credit into cash. Many business credit cards offer rewards and benefits tailored to real estate expenses. I recommend the BRRRR method, as its what I used to start my portfolio. 

How successful are house flippers on average?

House flipping success rates vary, but according to industry data, successful flips can generate profits that range from 20% to 50% of the property’s purchase price.

What is the easiest credit card to get approved for?

The Capital One Spark Cash for Business card is often regarded as one of the easiest business credit cards to get approved for, especially if you have good personal credit.

Conclusion

Choosing the right credit card can significantly impact your success as a house flipper. By understanding the best credit cards for house flippers and considering factors like rewards, fees, and credit requirements, you can make informed decisions that boost your profitability. 

Amex and Chase tend to have the best offer, in my opinion – but don’t forget to see what Lowe’s and Floor & Decor have to offer. 

Remember to build and maintain good credit habits to ensure a bright future in the real estate market. Happy flipping!Are you interested in learning how to obtain up to $150K in business credit in as few as 30 days? Join Business Credit Workshop today!

Chase Ink Business Preferred Credit Card: A Deep Dive Analysis

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Chase Ink Business Preferred Review

As a multinational investment bank and financial services provider, Chase has been a major player in the lending game for centuries. In 2000, the bank merged with JP Morgan and evolved into what it is today. 

While I usually endorse smaller community banks and credit unions for their flexible business loan and credit card underwriting requirements, today I want to share everything I know about the Chase Ink Business Preferred card — it’s definitely worth learning more about. 

Here’s what we’ll cover: 

Chase Ink Business Credit Cards Overview

Chase Ink Business Preferred is one of three Ink Business Visa credit cards offered through Chase, each of which have their own set of rewards. 

  1. Chase Ink Business Unlimited – Earn unlimited 1.5% cash back and up to $750 bonus cash back. 
  2. Chase Ink Business Cash – Earn up to 5% cash back in select categories and up to $750 bonus cash back. 
  3. Chase Ink Business Preferred – Earn up to 100,000 bonus points equal to $1,000 cash back or $1,250 in travel rewards. 

Chase also offers travel rewards cards for Southwest and a United travel reward card. For now, I want to share a quick side-by-side comparison of the three Ink cards before diving deeper into the Business Preferred card.

Chase Ink Business Credit Cards

With Chase Ink Business Preferred, 1 point is equal to roughly 1 cent cash back or 1.25 cents worth of travel rewards. For businesses with higher spending, because of the higher reward caps, Preferred is the Chase Ink card to strive for. 

How to Upgrade an Unlimited or Cash Card to a Preferred Card

When you meet the qualifications for a Chase Ink Preferred card, you may be able to upgrade an existing Unlimited or Cash card. Your Unlimited or Cash card must have been open and in good standing for at least a year and you will need to pay the $95 annual fee. 

Furthermore, when you make a product change, you won’t be eligible for the sign on bonus for new Preferred cardholders. 

To upgrade, simply call Chase using the phone number on the back of your card and ask for an account review or contact the company via the secure messaging platform inside your account dashboard. 

Chase Ink Business Preferred Under the Microscope

Now, let’s take a closer look at the pros and cons of the Chase Ink Business Preferred Card. We’ll start with credit reporting, since that’s the lifeblood of what we do here at Business Credit Workshop. Then, we’ll explore more about the benefits of using a Chase Ink Preferred card and when it might be better to try other channels for business cash flow. 

Does Chase Report On-Time Business Credit Card Payments to Dun & Bradstreet? 

Dun & Bradstreet (D&B) is the monarch of business credit reporting agencies. While there are rumors floating around online credit forums that Chase doesn’t report to to D&B, this simply isn’t true. 

Does Chase Ink Report to D&B?

The fact is that Nav — a highly reliable source — reached out to the major banks late last year to see which ones report payment activity to business credit bureaus. They found that Chase and Citi are the only big banks in the United States that report business financing payment activity to all four of the top bureaus (D&B, Equifax, Experian, and SBFE). 

Which Banks Report to D&B?
[Image Source: Nav]

So, on-time payments and responsible credit use on a Chase Ink Business Preferred card can help you improve or maintain your business’ PAYDEX score. 

Recommended: Everything You Need to Know About a DUNS Number

Chase Ink Business Preferred Card Benefits

Some of the perks of using a Chase Ink Preferred card are summarized above. Now, let’s explore them further.  

Telephone Damage and Theft Protection 

If you pay your business phone bill with a Preferred card, you will be eligible for up to $600 per claim on damage and theft for you and your employees. This is a standout feature not offered by competitors’ credit cards. You will be eligible for up to three such claims per year, which will have a $100 deductible. 

Free Employee Cards

Once your account is approved, you can get employee cards at no cost. For each card, set spending limits to control your budget. All rewards will pool into the master account. This means that employee spending on a company Chase Ink Preferred card will count toward your bonuses and points. 

Auto Rental Collision Damage Waiver

When you rent a car and pay with your Business Preferred card, you don’t need to purchase insurance, because Chase automatically has  you covered with damage protection up to the actual cash value of the vehicle. This can save you quite a bit on business travel, especially when multiple employees rent cards when traveling for business. 

Trip Cancellation/Interruption Insurance

For prepaid, otherwise non-refundable travel fare, tours, and hotels, you won’t have to worry about losing your money if you need to cancel or delay a trip. When you pay for travel expenses using your Preferred card, they’re insured up to $5K per person and $10K per trip. Sickness, severe weather, and other covered reasons are covered when you need to take advantagee of this perk.  

Purchase Protection and Extended Warranties

If you buy a product with your Preferred card and it is stolen or damaged within the first four months after purchase, Chase will compensate you up to $10K per claim and $50K per account. This neans that you don’t need to insure every single item that you buy, instead, hold onto your receipts (or just keep track of transactions in your online account dashboard). 

Chase Ink Preferred Purchase Protection

Furthermore, any item that you buy with your Preferred card with a three year or less warranty, will be warrantied for an additional year. For example, if you were to purchase a computer with a two year warranty using your card, Chase would extend the warranty to three years. 

Transferable Points & Rewards That Never Expire 

As long as your account is open, you can redeem rewards points at any time. This means that you can save up points for years before you spend them. Furthermore, you can transfer your points at a 1:1 exchange with leading frequent flyer programs. 

100K Chase points are worth around $1K and 80K Chase points are worth roughly $800 when used in the Chase Ultimate Rewards program dashboard. Be sure to find out if your points will change in value when transferred since points/miles’ value can vary between programs. 

Login to your Chase Ultimate Rewards program dashboard or check with your frequent flyer program to find out for sure if your points would be transferrable — not all travel programs have a partnership with Chase. 

Chase Ink Business Preferred Preferred Card Downsides

As with most business credit cards from big banks, the Chase Ink Preferred Card does come with notable fees. Your APR on spending will range between 15.99% and 20.99%. We’ve reviewed cards from credit unions and community banks, as well as alternative modern funding sources, with interest rates below 10%, but they don’t typically offer the same level of rewards as the Preferred card. 

And, you will pay a $95 annual fee to maintain your account. This means that if you don’t plan to redeem your rewards, even if you pay your account in full every month to minimize interest payments, you could be out at the end of the year. However, an annual fee is typical of rewards cards in this tier. Amex, for example charges much higher annual fees than Chase. 

How to Apply for a Chase Ink Preferred Card

Before you apply, you must meet Chase’s requirements for this card. In addition to a 688+ FICO score (some recommend 700 to 740 and above), there are a handful of minimums you must meet. 

  • Less than 5 new credit cards opened in the past 24 months (Chase’s 5/24 rule)
  • No new Chase cards opened in the past few months 
  • Enough income/spending power to warrant a line of credit
  • A credit utilization ratio below 30%

Even if your credit is excellent and you meet all of the above requirements, there is not a guarantee you’ll be approved. But, if you can show these characteristics, your business is likely to appear less risky to the underwriters. And, you may up the odds if you have a Chase business checking account in good standing. If you’d still like to proceed, you can visit this page and sign in to apply or apply as a guest. If you’ve received an invitation to apply, visit getchaseink.com.   

Chase Ink Business Preferred Competitor Overview

The Chase Ink Business Preferred credit card, of course, has some competition in the marketplace. Amex Platinum and Capital One Spark are often considered by medium to high-earning small businesses looking for this type of rewards on spending. And, one of the alternatives might be a better fit for your situation.

So, let’s look at a summary of Chase Ink Preferred, Amex Platinum, and Capital One Spark next to one another to see the differences.

Chase Ink Preferred vs Amex Platinum vs CapitalOne Spark

In addition to what’s listed above, none of these cards have foreign tansaction fees. They provide various trip cancellation and delay insurance and reimbursement. And, they all have 

The Amex Platinum card certainly comes with the most benefits, but there’s a trade-off with the $550 annual fee, more than five times that of its competitors. If you only take advantage of the Fine Hotels & Resorts Perks,™ that cost will be covered.  

Final Thoughts

The Chase Ink Business Preferred card is acclaimed as one of the best small business credit cards, likely because of the huge sign on bonus. While you won’t get 0% APR and you will pay an annual fee, there’s still a lot of potential for savings and rewards here. If you think you business can meet the qualifications, I say go ahead and apply.

And, if you still need to learn how to build business credit and you want to learn to obtain $100K in business credit, join Business Credit Workshop today. 

Building my Business with Credit – from Side Hustle to 7 Figures

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My name is Spencer Mecham and I’m a full-time entrepreneur and business owner.  In 2017 my business went in a single year from a random side-hustle for some extra money to a 7-figure real business. The kind that employs people and uses accountants.

spencer-hammock

I recently watched a movie about the 2008 recession in the United States. One of the major factors that threatened to kill the entire U.S. economy was a lack of credit for businesses. In the movie there is a scene where the CEO of General Electric is on the phone and says that he can’t get access revolving credit to fund the day-to-day operations of his company.

The movie details what could happen if credit becomes hard or impossible to get and the picture isn’t good. Most major companies grind to a halt.

This isn’t because the companies are using dangerous amounts of debt or are in bad shape. It’s just become the nature of the world economy. Businesses need and use credit on a daily basis to fund various operations.

I learned this first hand last year when my company suddenly started to see explosive growth.

I started out like lots of entrepreneurs. I discovered the world of entrepreneurship while still in college,  found something I liked doing, and started to try it as a side-hustle. My side hustle was called affiliate marketing. I loved doing it, despite making almost no money my first two years. In the back of my head I always figured I’d eventually succeed, but didn’t really think through the details of when or how.

Then one day I did.

I found something that worked, and worked incredibly well. It was an affiliate program and I was running ads to it. My ads were wildly profitable for the amount I was spending. The only problem was credit. While my ads were profitable, the program had a 45 day payout. This meant I couldn’t actually access the money for 45 days.

I knew the money was coming (pending some disaster) but that didn’t help anything. I had this fear that others would discover the opportunity I had found before I ever had a chance to capitalize on it. This fear was exacerbated by the 45 day payout period. I needed to be able to fund what I was doing for 45 days at least, and then probably beyond that if I wanted to scale quickly.

There was little risk  in getting access to the credit. The money was already due to me from a reputable company, I just needed to get it sooner.

As soon as I realized the position I was in I walked into a Chase bank and applied for the Chase Inc Preferred credit card. To this day it is my favorite credit card. Chase gave me a $35,000 limit on the card and it took less than a week to get approved and have the card in my hands.

To be honest I’m still in disbelief they did that. My company was brand new with very little in terms of proven results. I personally had good credit, but none of my personal credit cards came close to offering me $35,000.

For the first month after that I spent nearly $30,000 on ads on that credit card. Those ads were able to generate much bigger profits that would come to fruition in 45 days. As soon as my first payment from the program came in I was able to pay the credit card and get access to a little more credit.

google-ads-chart

Long story short for about 3 months my business was a revolving door. I spent nearly $100,000 on ads that have brought me nearly $300,000 in earnings at this point. I was able to use credit to explode my growth and keep my first-mover advantage long enough to get my business running smoothly and profitably.

I learned some valuable lessons in the process about keeping a good line of credit on hand. If I hadn’t been able to get access to the money when the opportunity came up my growth would have been dramatically limited. Others could have seen what I was doing long before I could scale to the levels I wanted to be at.

Even better, Chase gave me 3x points for every dollar in adspend, leaving me with nearly 1.2 million rewards points to spend on travel. That’s nearly $15,000 in free travel when booked through Chase. It allowed me to take my wife to Iceland for free. And because I was quick to pay off the credit and still am, I have spent little to nothing on interest charges.

Spencer-Iceland

I now highly recommend to every business I talk to to have credit available. Whether they use it or not, it never hurts to have it ready. When an opportunity comes that is virtually a guaranteed profitable venture, you don’t want to be stuck without the funds while the opportunity passes you by.

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