WalletHub identifies best credit cards, bank accounts for small businesses

WASHINGTON – The personal-finance website WalletHub last week released a report highlighting the best credit cards and bank accounts for small businesses.

The report was timed to celebrate National Small Business Week, which started Sunday.

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Here are some of the highlights:

2017’s Best Business Credit Cards:

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  • Best Overall: Capital One Spark Cash for Business – $500 cash bonus and 2 percent cash back
  • Best Bonus: Ink Business Preferred Card – $1,000 travel bonus
  • Best for Financing: Citi Diamond Preferred Card – 0 percent on purchases for the first 21 months (small-business users should always use personal cards for company financing)
  • Bank of America continues to be the most small-business-friendly credit card company, followed by Barclaycard and Wells Fargo

A report on the best business credit cards can be found HERE. A report on the most small-business-friendly credit card companies can be found HERE.

2017’s Best Business Bank Accounts:

  • Best Overall: BofI Federal Bank Business Interest Checking – 0.80 percent APY and easily avoidable monthly fee
  • Highest APY: Bank of Internet USA Rewards Checking Account – APY of up to 1.25 percent
  • Lowest Fees: BBVA Compass ClearConnect Business Checking – No monthly fee and no ATM fees

The full bank accounts report can be found HERE.