What are the Top Credit Cards for Construction Businesses?

The construction industry is a vital part of the economy and requires a lot of financial support to keep it running. Credit cards have become a popular way for construction businesses to manage their finances and earn rewards while doing so. In this article, we will discuss the top credit cards for construction businesses and why they are beneficial.

1. Chase Ink Business Cash Card

The Chase Ink Business Cash Card is a great option for construction businesses as it offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Additionally, it offers 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. The card also has no annual fee and a 0% introductory APR on purchases and balance transfers for the first 12 months.

2. American Express Business Gold Card

The American Express Business Gold Card is another great option for construction businesses as it offers 4x points on the two categories where your business spent the most each month, up to the first $150,000 in combined purchases per calendar year. The card also comes with a welcome bonus of 35,000 Membership Rewards points after spending $5,000 within the first three months of account opening. Additionally, it has no foreign transaction fees and a $295 annual fee.

3. Capital One Spark Cash for Business

The Capital One Spark Cash for Business is a straightforward cash back card that offers unlimited 2% cash back on all purchases. The card also has no foreign transaction fees and a $0 annual fee for the first year, then $95 after that. This card is great for construction businesses that want a simple and reliable way to earn cash back on all their purchases.

4. CitiBusiness AAdvantage Platinum Select World Mastercard

The CitiBusiness AAdvantage Platinum Select World Mastercard is a great option for construction businesses that travel frequently. The card offers 2 AAdvantage miles per $1 spent on eligible American Airlines purchases, as well as on purchases at telecommunications merchants, cable and satellite providers, car rental merchants and gas stations. Additionally, it offers a welcome bonus of 65,000 AAdvantage miles after making $4,000 in purchases within the first four months of account opening. The card also has a $99 annual fee, waived for the first 12 months.

Tips for applying for a credit card:

When applying for a credit card, it's important to make sure you meet the requirements for approval. This includes having a good credit score, a steady income and a low debt-to-income ratio. It's also important to read the terms and conditions carefully to understand any fees or interest rates associated with the card.

Credit card savings tips:

To save money with a credit card, it's important to pay off your balance in full each month to avoid interest charges. Additionally, take advantage of any rewards programs offered by your card, and use it for purchases that you would normally make anyway, such as gas and groceries.

Avoiding credit card fees:

To avoid credit card fees, make sure to pay your bill on time each month to avoid late payment fees. Additionally, avoid going over your credit limit to avoid over-limit fees. It's also important to read the terms and conditions carefully to understand any other fees associated with the card.

Credit card company recommendations:

When choosing a credit card company, it's important to choose a reputable and trustworthy company. Some top credit card companies include Chase, American Express and Capital One. It's also important to choose a company that offers the rewards and benefits that best suit your needs as a construction business.