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.
Here are some of the highlights:
2017’s Best Business Credit Cards:
- 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.
