Great job thinking about using a credit card to charge all of your home remodeling and expansion expenses to earn rewards points. Home remodeling can get very expensive, so you might as well try to get some freebies along the way. Using among the best bank cards for home remodeling can help you earn rewards fast. When it comes to running your own construction company, there may be a vast array of overhead expenses and ongoing business costs. Typically, a big proportion these structure business expenses are paid through traditional measures (and come with seemingly endless paperwork!). So imagine how straightforward it might be if you could utilize a credit card to pay business expenditures…
Best credit cards for construction business
Although having a credit card will make your life easier as a construction business proprietor, it is also important that you make the right choice when selecting which credit card you want to go for. The type of card that you go for will. Of course, depend upon your needs. A small business owner wouldn’t have the same requirements as a huge business proprietor who also has a team of large employees. Some credit cards offer travel rewards which may be helpful if you like traveling a lot. Some offer cashback rewards which are probably going to help you more in the long run. With that said, here are some of the best credit cards you can gain from as a construction business proprietor:
Plum Card from American Express
The Plum card is a fantastic choice for contractors that open new contracts or deliver strong values every year. The card offers strong rewards in either of the two scenarios. Also if you run a business that happens to have an irregular flow of cash, then this card should be a good choice. However, the card will demand a minimum credit standing of 800 so that you can b eligible for its use. The card offers give you a duration of 60 days to pay without any interest charges which is good if you wish to finance a job or something else. An early-day discount of just one 1.5% is also offered with no limits to how much you can earn back. Although there is not a annual fee for the first year useful, you have got to pay 250 dollars annually starting from year two and beyond. There’s also no spending limits.
Amazon Store Credit Card
This card is preferable for companies or individuals that don’t want to get their equipment and materials physics. The Amazon Store credit-based card is an excellent pick for folks that order their supplies through online storefronts. You are going to desire a minimum credit history of 640 to qualify for this card. The late payment charge can be up to 38 dollars and the regular APR will be 25.99%. All prime members will receive 5% cashback rewards on any purchase made from Amazon. For purchases of 149 dollars or above, a particular financing period is also offered. Construction companies who wish to become Premium members should spend 99 dollars to get Amazon Prime subscriptions.
When you use a construction credit card to buy things or payments for your building company, the transactions will be charged to your card. Credit card companies extend credit lines to approved construction businesses up to a set credit limit. If you are approved for a structure business credit card, you’ll be able to charge purchases on your card. If you carry balances over from every month on your card, interest will be demandd. You can even be charged an total annual fee.