Best Business Credit Cards For Real Estate Investors
Real estate investors often need to have access to a lot of money in order to finance their deals. This is where having a good business credit card can come in handy. Not only can it provide a source of funding, but it can also help keep expenses organized and provide rewards for purchases. Here are some of the best business credit cards for real estate investors.
Chase Ink Business Preferred
The Chase Ink Business Preferred card is a popular choice for real estate investors due to its generous rewards program. Cardholders can earn 3 points per dollar spent on travel, shipping, internet, cable and phone services, and advertising purchases made with social media and search engines. Points can be redeemed for travel, cash back, or gift cards. The card also offers a sign-up bonus of 100,000 points after spending $15,000 in the first 3 months.
CitiBusiness AAdvantage Platinum Select
The CitiBusiness AAdvantage Platinum Select card is a great option for real estate investors who frequently fly with American Airlines. Cardholders earn 2 miles per dollar spent on eligible American Airlines purchases, as well as on telecommunications, cable and satellite providers, car rentals, and gas stations. The card also offers a sign-up bonus of 65,000 miles after spending $4,000 in the first 4 months.
Capital One Spark Cash for Business
The Capital One Spark Cash for Business card is a simple but effective option for real estate investors who want to earn cash back rewards. Cardholders earn a flat 2% cash back on all purchases, with no limit on how much can be earned. The card also offers a sign-up bonus of $500 cash back after spending $4,500 in the first 3 months.
The Business Platinum Card from American Express
The Business Platinum Card from American Express is a high-end option for real estate investors who want luxury perks and rewards. Cardholders earn 5 points per dollar spent on flights and prepaid hotels booked through Amex Travel, as well as on eligible purchases of $5,000 or more. The card also offers access to airport lounges, a $200 airline fee credit, and a fee credit for Global Entry or TSA PreCheck. The card does come with a hefty annual fee of $595, however.
Wells Fargo Business Platinum Credit Card
The Wells Fargo Business Platinum Credit Card is a good choice for real estate investors who want a low-interest option. The card offers a 0% introductory APR for the first 9 months, which can be helpful for financing larger purchases. After that, the APR is variable but still relatively low compared to other business credit cards. The card also offers rewards in the form of points, which can be redeemed for travel, gift cards, or merchandise.
Conclusion
There are many business credit cards available to real estate investors, each with their own benefits and drawbacks. It's important to consider factors such as rewards programs, interest rates, and annual fees when choosing a card. By selecting the right card for your needs, you can maximize your rewards and financing options while minimizing expenses.