Real estate is a booming business, offering handsome returns and allowing you to minimize portfolio risk and diversify your portfolio.
As an investor in real estate, you need reliable credit cards to facilitate your business operations. Credit card companies are not only the best way to get cash into the hands of investors; they also provide a lot of flexibility regarding payment terms and interest rates.
Credit cards are a great alternative because they offer lower interest rates and fees than traditional loans. They also give borrowers more control over their finances. They can use them as revolving credit lines or pay them off monthly instead of having a single large payment yearly, as most loans do.
If you have bad credit, however, it can be hard to qualify for a loan and even harder to get one with low-interest rates. Credit card issuers look at your payment history and recent financial transactions when deciding whether to approve or deny an application for a new account.
Your credit score determines the interest rates on your credit card expenses. If you have a bad credit score, cheap credit repair can help you rebuild your great credit score and increase your chances of getting approved for better rates.
What to Do if You Have a Bad Credit Score
A business credit card can help you build your business by providing access to a wide range of products and services that can increase sales. Companies with good credit scores have an easier time getting approved for a business card because they have established a track record of responsible behavior with lenders over the years.
Business credit card applications get rejected because of poor credit scores. Still, there are ways to improve your Fair Isaac Corporation (FICO) score and increase the likelihood of being approved for a business credit card. If you’ve had any problems paying on time or in full over the past few years, this will show up in your credit report and affect how much they are willing to lend to you.
You can leverage cheap credit repair services if you have bad credit to help you build a good credit score. For instance, most credit repair companies will provide you with credit education tools that will be valuable to you.
Moreover, they’re always willing to provide you with honest credit advice when necessary. But the only caveat is to ensure you work with only top-rated credit repair agencies. Credit repair professionals are experts in credit repair and can help you create a strong financial profile that will make it easier for you to get approved for business credit cards.
Credit repair is more than just getting your score up. It’s also about ensuring that all your accounts are accurately reported and up-to-date. These experts will review your credit report, identify any errors or omissions and offer solutions to fix them.
If you’re an investor in real estate, you can repair your credit and use your business credit card to earn rewards like loyalty points, cash back, or travel perks. It’s also cheaper to use business credit cards for your business over bank loans.
The following are some of the best business credit cards for investors in real estate in 2023.
1. Business Platinum Card From American Express
The Business Platinum card from American Express is a great way to earn rewards. You’ll earn:
- 5X points on flights and accommodation,
- 5X on construction materials, and
- 1 point for eligible purchases.
The card also comes with 120,000 points welcome bonus, and you can use the card for all your business expenses.
2. Ink Business Unlimited Credit Card
The Ink Business Unlimited credit card from Chase Bank offers 3 points for the initial $150,000 used for travel and other business expenses. You will also earn 1X for various expenses. The annual fee for this card is $95, and it is the best card because of its welcome bonus of 100,000 points.
3. Capital One Spark Miles for Business
Capital One’s Spark Miles card offers 2X miles for all purchases, with no restrictions, including business travel and telecommunications services. The best thing about this business credit card is there are no annual fees for this card in the first year, and you will pay $95 after that. Your points will never expire; they also offer you a welcome offer of 50,000 miles.
4. The American Express Business Gold Card
The American Express Business Gold credit card is an excellent option for real estate investors who want to earn bonus points on purchases and get access to a high-end travel rewards program.
This card provides 4X points per dollar spent monthly for the top two of your business expenses. They also offer 25% points cashback for flights booked with Amex Travel. You will also get up to 250,000 points back each year.
5. U.S. Bank Business Triple Cash Rewards World Elite
U.S. Bank’s Business Triple Cash Rewards World Elite card is one of our top picks for real estate investors because it offers a 1-3% cash back reward rate on all purchases.
The card has no annual fees. This card is ideal for businesses starting because of its fantastic interest rates. The card also offers a generous sign-up bonus of $500.
6. Bank of America Business Advantage Unlimited Reward Card
The Bank of America Business Advantage Unlimited Reward Card is an excellent choice for investors in real estate because it offers an unlimited number of points for your business.
You can earn enough points to cover business expenses, including travel and groceries. The card has no annual fee, and you will get a $300 welcome offer and earn 1.5% cash back for all your business purchases.
7. Southwest Rapid Rewards Performance Business Card
If you want a card that gives you points for every purchase and helps your business grow, the Southwest Rapid Rewards Performance Business Card is one of the best options.
It has an annual fee of only $199 and offers 80,000 points on registration. You will get 1 point for all purchases, 4X points for Southwest purchases, 3X points for hotel and car partners, and 2X points for rideshare and digital advertising.
8. The Blue Business Plus Card by American Express
If you have a business where you’re spending money on travel or other purchases that don’t earn points with other cards, the American Express Blue Business Plus Credit Card could be a good fit. It offers 15,000 points as a welcome bonus, has no annual fee, and 2X points for business purchases.
Final Thoughts
Business credit cards for real estate investors are a great way to earn rewards, build credit and have the flexibility to use your card for business expenses.
The Business Platinum Card from American Express, Ink Business Unlimited Credit Card, Capital One Spark Miles for Business, and more are some of the best business credit cards for real estate investors.
Look for cheap credit repair from the best credit professionals with a credit repair logo and get approved for your next line of credit. Great credit scores help you get better rates and get credit card approval faster.
Top-rated credit repair agencies can help you get the perfect credit score possible and remove paid collection accounts from your credit report. Credit repair affiliates can also help you track down commercial debit card fraud on your report and help ramp up your credit ratings.
