I have tried dozens of business credit cards earning over 1 million points in the process
so let me save you months of research and break down my top five favorite business credit cards
starting with the American Express business gold card. This product gives you four points
per dollar on your top two business categories like airfare, advertising, and gas stations just
to name a few and the best thing is this updates automatically each billing cycle to ensure that
you are always earning as much as possible. You also get one point on all other eligible purchases
and a 25% airline bonus when you book through Amex travel using your points which basically
means you’re four points per dollar is now really five points per dollar if you're booking airfare.
It is on the more expensive end at $295 per year so you may want to look into the personal version
of this card which is slightly less expensive but it's well worth it in my opinion. But we've still
got four products that are even better yet to come. #4 is the Capital One spark 2% cash plus
card. Horrible name for a credit card that is a total mouthful but this gives you 2% unlimited
cash back on all of your business purchases without any limits or categories or restrictions
of any kind plus you get 5% unlimited cash back on hotels and rental cars booked through capital one
travel. They're also giving a $500 cash bonus if you spend $5000 in the first three months and an
additional $500 if you spend $50,000 in the first six months. Perhaps my favorite feature is that
this is a charge card meaning there is no interest because you have to pay off the card in full every
single month. So I wouldn’t try to leverage your next business venture with this product but that's
a good feature in my opinion. Since it’s a charge card you also technically have no spending limit
which is pretty cool and they do throw in a $200 annual cash bonus if you spend $200,000 but let’s
be honest…thats a laughable bonus for spending that much. All of that is yours for a $150 annual
fee but if that's not your cup of tea there is also a travel version of this card called the
spark 2X miles which gives you points in place of cash back and many similar benefits but has
no annual fee in the first year so that might be worth checking out instead. #3 on today's list
is easily the most expensive product and that is the American Express business platinum card.
To be honest I'm not a huge fan of the personal version of this product but if you're spending a
ton of money on your business and you frequently travel for work then the high annual fee of $695
per year is pretty easy to justify. Right now they'll give you a 120,000 point bonus if you
spend $15,000 in the first three months plus five points per dollar on all flights and hotels booked
with American Express. You also get 1.5 points per dollar on key business purchases like software,
supplies, and that kind of stuff plus the same 1.5 points per dollar on all purchases of $5000
or more and one point on everything else. The point multipliers are okay but as is the case
with the personal version of the platinum card, the statement credits are where the real benefits
lie. I won't go through them all but to name a few you get a $400.00 dell technologies credit,
a $150 Adobe creative cloud credit, and a $120 wireless services credit. And for frequent Flyers,
you get a $200 airline fee credit and a free clear membership which is worth $190.00 each
year in addition to the 35% boost on your points when you book eligible flights through American
Express. That's just scratching the surface of what this card has to offer so dig through the
fine print to make sure you can justify the annual fee but if so I would definitely snag the business
platinum card. Now regardless of what side hustle you decide to go with, you’ll need to keep your
side hustle or business finances separate from your personal finances and that's where today's
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to Relay for continuing to support my content…now let's get back to the best side hustles! Alright,
time for the heavy hitters with number 2 being the blue business cash card from American Express.
I know we've talked about some pretty expensive products so far but for those of you with a small
business or side hustle who just want a way of separating your business expenses, you'll be happy
to know that the blue business cash card comes in at a whopping $0.00 per year. It gives you
2% cash back on everyday business purchases up to $50,000 per year and 1% after that. You also get
a $250 credit when you spend $3,000 in the first 3 months and there are a few additional benefits
that come with pretty much every American Express product but beyond that this card doesn't really
offer much else which isn't surprising considering it's a $0.00 annual fee card but similar to the
spark card that we talked about earlier there's also a travel version called the blue business
plus credit card which gives you two points per dollar on your first $50,000 in eligible business
spending and one point per dollar beyond that. In place of the $250 bonus you get a 15,000 point
bonus with the same spending requirements and this card is otherwise identical to the blue business
cash card. Alright, we've talked about the really expensive products with lots of benefits
and the totally free products with minimal benefits and deciding which type of product is
right for you depends on where you're at in your business journey but the perfect sweet spot that I
have found in the business credit card space comes from chase and their ink business credit cards
which are at number one on today's list. I won't name any one of these as the best necessarily
because that again depends on your situation but currently, there are four versions of the chase
ink lineup which are the ink business preferred, business cash, business unlimited, and the new
business premiere. Again I'll leave helpful links below where you can learn more about each product
specifically but as a general overview, the ink business preferred gives you a 100,000 point
bonus after you spend $15,000 in the first three months and three points per dollar on eligible
categories like shipping, Internet and others for just $95 per year. The business cash gives you a
$900 cash bonus when you spend $6000 in the first three months and 5% cash back on those eligible
categories, 2% on gas and restaurants, and 1% on everything else for a whopping annual fee of
nothing. Also in the no annual fee category is the business unlimited which gives you the exact same
$900 cash bonus but instead offers a flat 1.5% cash back on all business purchases without any
limits. And lastly, we have the new ink business premiere which is the most expensive at $195 per
year but offers a $1000 cash bonus when you spend $10,000 in the first three months, 2.5% cash back
on all purchases above $5000 and a flat 2% back on everything else. So you've got two cards offering
points and two cards offering cash back and for the sake of simplicity if you spend a lot of money
on your business then it makes sense to go for the paid versions whereas someone running a simple
side hustle like myself can simply opt for the no annual fee option. So the chase ink business
cards are definitely my number one pick for business-specific products but there's actually
one other option that is what I'm currently using which uses a little-known loophole in the credit
card system. When you open a personal credit card, most products allow you to set up what's called
an authorized user meaning you could add your spouse or your child and give them their own card
which is essentially an extension of your existing account. That has a number of benefits that isn't
really important for today's video but what I've done is set up magnified money as an authorized
user on my existing credit card accounts. That means my Amex gold card which I already pay $250
per year for allows me to add magnified money as an authorized user without having to pay an
additional annual fee to get the business version of that card. Are the benefits slightly different
yes am I missing out on some benefits because of this, yes but I'm also saving almost $300
per year. That definitely falls in a bit of a Gray area so do your own research with your
credit card provider but it could be a great way to save some cash if you already have a personal
credit card. But the chase ink business premier or business unlimited are my favorite picks for
business-specific cards. Again you can learn more about any of these products using the links down
below the like button but this is just my opinion so let me know what you think of the products on
this list and what business credit cards you feel I got wrong. Check out this video for my
favorite business bank accounts and as always take it easy and I'll see you in the next one!