Based on data provided by the U.S. Small Business Administration, about 9.1% of American businesses are owned by veterans. With so many veteran entrepreneurs in business, we have released an article highlighting the top four credit cards geared towards veterans.
American Express – The Business Platinum Card
The Business Platinum Card from American Express is an excellent choice given the features and benefits. “American Express has a liberal interpretation of the law, which includes waiving the annual fees on all of its credit cards. Yes, that includes the The Business Platinum® Card from American Express with its $595 annual fee.”
Every credit card has set parameters order to qualify. You can check out the details of the offerings by The Business Platinum Card from American Express here.
Chase Ink Business Preferred℠ Credit Card
The Chase Ink Business Preferred℠ Credit Card is the next choice and is not lacking in rewards or bonuses. It’s ideal for applicants that have yet to go into active duty. Unlike The Business Platinum® Card from American Express, the annual fee of $95.00 is not a deal buster. But once you get into active duty, the fee can be waived.
The credit card also boasts of attractive reward programs that align with business-related expenses. To learn more, visit this site.
Navy Federal Credit Union Visa® Business Card
If you prefer a credit card that meets your business needs of rewards and bonuses, the Navy Federal Credit Union Visa® Business Card might be the right one.
You don’t have to worry paying annual and foreign transaction fees because there are none and the annual percentage rate is based on an applicant’s creditworthiness. There are eight million credit union members and many of them are in the military community.
USAA Preferred Cash Rewards Visa Signature® Card
Finally, the USAA Preferred Cash Rewards Visa Signature® Card is not a business card but a card for everyday business cash outlays. There’s a 1.5% cash back offer with no annual and foreign transaction fees as well.
What’s more, you’ll derive the benefit of being part of a military-minded institution. You can request a military affiliate card design to represent your branch of the military. The card doesn’t come with a lot of thrills, but it’ll do just fine.
The choice of credit card is yours to make
The cards mentioned are recommended but not necessarily the best business credit cards. Keep an open mind too because there other financing options available for small businesses. The most important thing about having a credit card after all, is having access to funding when the need arises.