Shopify e-commerce stores can benefit from using business credit cards. It’s important to consider reward rates, annual fees, and cash-back value when choosing a card.
Credit cards may offer up to 10% back on business expenses and rewards can be used to reinvest in the business or redeemed for travel. Popular credit card choices for e-commerce stores include American Express and Chase.
Let’s discuss the best credit cards to get for my eCommerce Shopify store.
1. The Business Platinum Card from American Express
The Business Platinum Card from American Express is a great choice for an ecommerce Shopify store because of its low-interest rates and range of benefits, including travel insurance and roadside assistance. Additionally, it offers discounts on travel and entertainment as well as emergency cash advances.
The Business Platinum Card from American Express offers businesses a variety of benefits that can help them save money.
These include discounts on travel, shipping, and other purchases, bonuses for using American Express ATM cards and spending in specific categories, as well as flexible rates and fees to suit the needs of the cardholder.
By taking advantage of these benefits, businesses can maximize their rewards while minimizing their expenditure.
The Business Platinum Card from American Express offers a range of benefits that make it an attractive choice for e-commerce stores.
These benefits include a welcome offer of up to 150,000 points, access to the world-famous Amex Fine Hotels & Resorts program and the American Express Global Lounge Collection® locations, 5x points on flights and prepaid hotels at amextravel.com, purchase protection, cell phone protection, return protection and extended warranty protection.
Additionally, the card provides an annual airline fee credit of up to $200 per year and secondary car rental loss and damage insurance.
With this card, customers can earn Amex Membership Rewards points which can be redeemed for rewards such as flights or hotel stays.
2. The Blue Business Plus Credit Card from American Express
The Blue Business Plus Credit Card from American Express offers a range of benefits, such as travel insurance and free access to airport lounges.
Additionally, the card provides:
- Bonus points and low rates.
- Purchase protection and roadside assistance.
- Business discounts on purchases.
- Access to American Express’s concierge service.
This card also features a 0% introductory APR for the first 12 months followed by a variable APR of 15-24%.
The Blue Business Plus Credit Card from American Express can help businesses save money by offering a 0% APR on balance transfers for an entire year, 2x Membership Rewards points for everyday business purchases up to $50,000 in purchases per year, 2% cash back on the first $50K spent each month, and a welcome offer of $250 cash-back.
Additionally, the card provides minimal travel and shopping benefits with its 2% cash back rewards on purchases made in the travel and shopping categories. An in-depth review and comparison chart are available to compare all features provided by this card.
The Blue Business Plus Credit Card from American Express offers several benefits that can be advantageous for business owners.
These advantages include a 0% intro APR for the first 12 months, 20,000 miles after your first purchase, a free annual travel insurance policy, roadside assistance, travel accident insurance, and purchase protection.
Additionally, the card has no annual fee and a variable interest rate based on creditworthiness. Furthermore, users can earn 2x points on their first $50,000 in purchases each year plus rewards that are automatically applied to their statement.
3. The Ink Business Preferred Credit Card
The Ink Business Preferred Credit Card offers a range of benefits for those looking to finance their e-commerce store.
These benefits include a welcome offer of 100,000 bonus points after spending $15,000 on purchases in the first three months, rewards for common business expenses such as:
- Shopping and dining.
- Travel insurance.
- Roadside assistance.
It also offers 3 points/$ 1 spent on advertising, shipping, and travel purchases with no foreign transaction fees. Additionally, the card has an annual fee of $95 and an APR rate of 24-26.24%.
The Ink Business Preferred Credit Card is a great option for businesses looking to maximize their rewards from ecommerce purchases. The card offers bonuses for purchases in various industries, including eCommerce, and has a low annual fee of $95.
Additionally, it offers 3x points on advertising and shipping purchases as well as other categories, 1 point/1$ spent on non-usual spending categories, and the ability to redeem points for cash back or gift cards. Moreover, the sign-up bonus of worth up to $1,250 in travel rewards more than offsets the annual fee.
Furthermore, it includes benefits such as an annual fee waiver and discounts on products in specific categories that are beneficial if you spend enough in those areas.
The Ink Business Preferred Credit Card offers a number of perks, including a sign-up bonus and waived annual fees. The card rewards spending in three key areas: shipping, advertising, and internet expenses. Cardholders can earn 1x-3x points on purchases with no limit on the number of points they can earn.
Additionally, there is an employee card option available with no additional fee. Furthermore, the welcome offer is 100,000 bonus points when $15,000 is spent in the first three months after activation. Points earned can be redeemed for cash back or travel rewards. An in-depth review can be found here to further explore this credit card’s features and benefits.
4. The Ink Business Unlimited Credit Card
The Ink Business Unlimited Credit Card provides a variety of benefits to its users, including no annual fee, zero liability fraud protection, 1.5% cash-back on business purchases with no caps or bonus categories, a $750 sign-up bonus after spending $7,500 on purchases in the first three months, auto rental collision damage waiver and travels emergency assistance services, 0% introductory APR for 12 months and free shipping on orders over $50. Additionally, it is available to individuals with an active business in the ink printing industry.
The Ink Business Unlimited Credit Card can be used to help an ecommerce Shopify store in a number of ways, including reducing costs associated with shipping and handling, paying for ad space, and more.
In addition to offering discounts on common expenses faced by entrepreneurs, the card also provides purchase protection and a foreign transaction fee of just 3%. This makes it an ideal choice for businesses operating in the ecommerce space.
The Ink Business Unlimited Credit Card offers many benefits for ecommerce businesses, such as:
- Unlimited 1.5% Cash Back rewards on every purchase.
- A sign-up bonus of 100,000 points.
- Free Employee cards.
- Auto Rental Collision Damage Waiver
- Travel and Emergency Assistance Services.
Additionally, Purchase Protection and a Foreign Transaction Fee of 3% are included with the card. The annual fee for the card is $95 but it can be worth it if your business spends enough in the right categories. To be eligible for this card your business should have a good credit rating.
5. The Business Cashback Card from American Express
The Business Cashback Card from American Express offers a range of benefits that can be advantageous for an ecommerce Shopify store.
This card offers cash-back rewards that can be used to reinvest in the business, as well as travel rewards through airline or hotel partners.
Additionally, this card has the potential to increase legitimacy and recognition from potential customers. Finally, using the Business Cashback Card can help reduce costs and improve cash flow for an ecommerce business.
The Business Cashback Card from American Express allows users to earn cash back on everyday purchases, up to $50,000 total spending. With the card, users can enjoy rental car insurance, global assistance hotline, and some extended warranty and purchase protections.
To use this card effectively, users should familiarize themselves with the terms and conditions attached to it before making a purchase. Furthermore, users should compare the features of American Express cards in order to find the best one for their needs.
The Business Cashback Card from American Express offers a range of benefits to ecommerce Shopify stores, such as discounts on purchases and cash back.
Shopify stores can benefit from the card by reducing costs related to ecommerce, such as advertising and shipping. Additionally, the rewards earned through this card can be used to reinvest in the business or redeemed for travel through airline or hotel partners.
To apply for the Business Cashback Card from American Express, applicants must fill out and submit an online application. The application will require different personal and financial information, including income, employment status, address, and credit history.
After submitting the application, applicants will be notified of their eligibility within minutes. Applicants may also need to provide additional documents to verify their identity. Once approved, they should receive their card in 7-10 days.
6. The Business Rewards Card from American Express
The Business Rewards Card from American Express offers a number of benefits to ecommerce Shopify stores, including discounts on purchases and free shipping.
This card can also help attract new customers and increase revenue by offering attractive bonuses and rewards. Furthermore, the card offers different options for bonuses and rewards that can be tailored to suit individual needs.
The Business Rewards Card from American Express provides a variety of benefits for ecommerce Shopify stores, including:
- Bonus points.
- Reduced rates.
- Discounts on items in the store.
- Gift cards.
Additionally, it can help reduce customer wait times, increase loyalty and improve customer engagement while promoting sales through marketing initiatives.
- This card offers 4x points on your top two category expenditures each month, so long as they’re on the list. Plus, you don’t have to declare which categories those are- Amex takes care of that for you automatically.
- This card also comes with Quickbooks integration, so you can keep track of all transactions in one place and make smart decisions about where to allocate your budget accordingly.
- The Business Rewards Card from American Express is perfect if you spend heavily in one or two areas of your business – it’ll give you huge rewards on things like travel, shipping purchases, internet services, and software/hardware purchases from select technology providers.
One can obtain the Business Rewards Card from American Express by reading an in-depth review and comparing it to the other cards available. Additionally, more information about the card and how to apply can be found on American Express’ website.
7. The Business Low-Interest Card from American Express
The Business Low-Interest Card from American Express provides e-commerce businesses using Shopify with a range of benefits, such as automatic upgrades and data accessibility and security.
This card also offers 24/7 monitoring of business and customer data for added protection. With its fast checkout process, automated shipping options, and comprehensive marketing tools, the Business Low-Interest Card is an ideal choice for ecommerce Shopify stores.
It also provides mobile access to allow merchants to manage their inventory and product information from any device.
The Business Low-Interest Card from American Express can be used for business purchases, but the user will need to check with their issuer to find out the specific details.
The American Express Business Low-Interest Card offers numerous benefits to businesses, including low-interest rates, no annual fee, and rewards for eligible spending.
The card also provides access to exclusive offers and discounts that can help businesses save money. To maximize the value derived from the card, it is important to consider a business’s capacity and goals when choosing a credit card.
Additionally, it is wise to weigh the benefits against any applicable fees before committing to a particular credit card.
8. The Business Phone Card from American Express
The Business Phone Card from American Express can be a great benefit for ecommerce store owners. It provides access to a range of cards and other financial services that can help them manage their businesses better.
The Business Platinum Card® from American Express offers great benefits for businesses of all sizes, while the American Express® Business Gold Card is an excellent choice for those who need higher credit limits and additional cardholder benefits.
Smaller to medium-sized stores may prefer the Ink Business Preferred® Credit Card due to its fraud protection and travel insurance features, while larger budgets may be aided by the Blue Business® Plus Credit Card from American Express or the Ink Business Unlimited® Credit Card, which offers rewards that can be used to reinvest in business expenses or redeem for airfare and hotel stays.
The Business Phone Card from American Express provides users with access to a points system based on their top two categories of expenditure for that month.
Additionally, it offers the option to pay over a period of time for certain purchases. This credit card also has no annual fee and gives access to the award-winning Membership Rewards program, as well as purchase protection and extended warranty coverage without additional cost.
A person looking to get the Business Phone Card from American Express would need to review the in-depth review and compare the features of different cards.
They can then use a comparison chart to select the best one for their business needs. After selecting a card, they must follow the application process set forth by American Express and submit any necessary documentation.
Once approved, they will receive an account number and be able to begin using their new card for purchases with American Express businesses across the world.
9. The Business Amazon Pay Credit Card from American Express
The Amazon Pay Credit Card is an ideal choice for a Shopify ecommerce store because it is easy to set up and integrate into Shopify, offers fraud protection from Amazon, and has no setup or monthly fees.
Additionally, transactions are fast and reliable with no fees until the annual fee of $39/year. Furthermore, customers can use all major credit cards with PayPal as well as Google Pay or Apple Pay which have no monthly fees. All these features make the Amazon Pay Credit Card a great option for shop owners looking to accept payments through their online store.
The Business Amazon Pay Credit Card offers a range of benefits to e-commerce business owners, such as QuickBooks connectivity and purchase protection. Additionally, it has no annual fee and provides cardholders with purchase protection, extended warranty coverage, and employee cards at no additional cost.
The Business Amazon Pay Credit Card from American Express has an annual fee of $29. The APR for the card is 2.9% + 30¢ USD. To be approved, individuals need to have good to excellent credit. The card can be used to make purchases both online and in-person.
10. The Business Internet Service Provider Credit Card from American Express
Someone may want to get the Business Internet Service Provider Credit Card from American Express in order to take advantage of the card’s 4x points on select categories of spending, 70,000 bonus points welcome offer after spending $10K in the first three months, and a 25% airline point rebate.
Additionally, this card has a long history of being one of the most popular cards for business people and offers discounts on travel and entertainment.
The Business Internet Service Provider Credit Card from American Express can help businesses save money on their internet service providers by providing discounts and free shipping.
Additionally, the card can be used in conjunction with American Express online account management tools to manage and monitor spending.
The Business Internet Service Provider Credit Card from American Express offers a variety of benefits for ecommerce businesses. The card helps with expenses such as website hosting and advertising while offering a low APR and cheap fees.
Additionally, the card provides:
- Fraud coverage.
- Loss prevention.
- Roadside assistance.
- Merchant discounts on American Express products and services.
Finally, users can receive up to 5% or 10% back on their business expenses with the card.
How to choose a suitable card based on your spending habits and needs?
1. Credit cards: Fees and charges
It is important to be aware of the fees and charges associated with credit cards because they can vary greatly depending on the card. For example, American Express may charge higher fees than its competitors, but this must be weighed against its services such as conducting fraud checks and verifying with the cardholder’s bank that funds are available.
Additionally, there is an annual percentage rate (APR) charged by credit card companies on every purchase made with that card, as well as a minimum payment requirement fee. Finally, some credit cards also have processing fees of up to 4 percent per transaction. It is essential for businesses to do their research and understand which cards offer them the best overall value before making any decisions about which cards to use for their e-commerce store.
2. Credit cards: Reward points
Using a credit card with rewards points can provide many benefits for business owners looking to save money and receive additional perks.
Benefits such as extended warranties, travel insurance, and zero foreign transaction fees can be found across many business credit cards, making it important to compare the base rewards of two cards before deciding which one is best for an individual’s e-commerce store.
3. Credit cards: Cashback
A cash-back credit card is a type of rewards card that gives the user a discount or cashback for purchases made with the card. The amount of cashback earned varies depending on the card and how much money is spent.
Generally, users earn a percentage of their total purchase back in rewards points or discounts when they use their cards. Some cards offer unlimited rewards, making them ideal for business owners looking to maximize their rewards quickly.
4. Credit cards: Signup bonuses
A signup bonus is a reward offered by credit card companies to encourage new customers to apply for their cards. These bonuses can be in the form of cashback, travel rewards, or other perks. By spending a certain amount within specific categories on the card, customers may be eligible to offset the annual fee associated with it.
This can make signing up for the right credit card an attractive option as it can offer great long-term savings. Ultimately, signup bonuses should be taken into account when choosing a suitable credit card for an e-commerce store like Shopify.
5. Credit cards: Redemption options
Consumers can benefit from using rewards earned from their credit cards to get 5% to 10% back on business expenses. Accepting credit cards requires different technology needs depending on the method, such as in person, online, or over the phone. Every method may incur fees associated with them as well.
6. Credit cards: Credit facility
A credit facility is a type of loan designed for businesses to access funds for various purposes. It can be used to pay for goods and services, expand operations, or finance larger projects. A business line of credit is a revolving form of this loan that provides businesses with an agreed-upon amount of capital that can be borrowed from and paid back repeatedly over time.
When selecting the best credit cards for an e-commerce store, companies should consider both the merchant account option and the payment gateway option.
Merchant accounts allow businesses to securely accept debit and credit card payments directly from customers, while payment gateways provide a secure interface between an online store’s checkout page and its customer’s chosen payment processor. Both avenues require that companies meet certain requirements set by their preferred card issuer in order to accept payments with minimal delays or rejected transactions.
7. Credit cards: Interest rates
When selecting a credit card, it is important to consider the interest rates associated with it. This is because interest rates can affect the overall cost of borrowing money for purchases or cash advances.
Furthermore, any fees associated with the card should also be taken into consideration when making a choice. It is also wise to have enough funds available in case of emergency situations that may require immediate payment of an outstanding balance.
What security measures should be taken when using a Shopify store’s credit card information?
1. Use a secure payment gateway such as Stripe, Opayo, or Authorize.net.
It is important to use a secure payment gateway for Shopify stores in order to protect both customers and store owners. Secure payment gateways provide fraud prevention measures, encryption, and other security features that can ensure customers’ data is kept safe from hackers.
Furthermore, these gateways also offer excellent customer support so that customers can easily navigate the process of making payments without worries. Lastly, these payment gateways usually integrate seamlessly with Shopify so that setting up an e-commerce shop becomes hassle-free.
2. Utilize fraud detection features such as Verifone or WorldPay.
- With global reach and support for a wide range of payments, Verifone is perfect for businesses of all sizes.
- Utilizing fraud detection features like Verifone ensures that your customers’ transactions are secure and risk-free. This allows you to focus on running your business instead of worrying about fraudulent activity.
- By using a flat-rate pricing structure, Verifone makes it easy for you to manage costs associated with processing payments.
- As Shopify store owners who sell products considered to be high risk, you may not be eligible for Verifone’s free plans. However, its premium plans offer more benefits than most other payment methods on this list.
- For more information about how Verifone can help improve the quality of your customers’ transactions, read this post outlining its fraud prevention features.
3. Implement a cash-back card or a rewards card to garner points from certain categories of spend.
It is important for businesses to use a cashback or rewards card when using their Shopify store’s credit card information because it can help them save on expenses, earn rewards points, and have more flexibility in their spending.
Using a cashback or rewards card can help businesses maximize the value of the purchases they make and can be beneficial in terms of accruing points that can be used for discounts on future purchases. Additionally, many cards offer additional features such as integration with Quickbooks accounting software which could prove to be useful for business operations.
4. Utilize a low-interest card to finance large purchases.
Using a low-interest card to finance large purchases for Shopify stores provides important security measures. It helps with filing taxes and can limit financial liability, providing business owners with peace of mind.
Furthermore, many of the best low-interest cards come with introductory offers such as 0% APR for up to 12 months. Using these cards can help business owners save money in the long run.
5. Ensure worldwide availability for maximum customer reach.
It is important to ensure worldwide availability for a Shopify store’s credit card information in order to protect customers’ data and expand the business.
Having a secure payment gateway and credit card processor is essential for keeping customer data safe, as well as allowing customers from different countries to purchase products from the store.
Furthermore, multiple locations for online orders and in-person sales allow shop owners to keep accurate inventory quantities and maximize their reach.
6. Implement a secure password manager.
A password manager is a type of software program that helps to store and protect sensitive information such as passwords, credit card numbers, and other authentication credentials. It helps to keep credit card information secure by generating strong passwords for each account, securely storing the details on its server, and preventing fraudsters from authorizing payments.
Additionally, it is compliant with PCI DSS standards which require businesses to ensure the security of customer data when handling payments. Password managers also provide 3D Secure checkouts for added protection against fraudulent transactions.
7. Ensure customer data is encrypted and secure.
Customer data encryption is a security measure that helps protect customer information from being accessed by unauthorized individuals. Encryption scrambles the data into an unreadable format, making it difficult for anyone other than the intended recipient to view or use the data.
By encrypting customer data, businesses can help ensure that sensitive payment and personal information remains secure and confidential. Compliance with Payment Card Industry (PCI) standards further supports this by requiring encryption of all online transactions involving credit cards.
Utilizing 128-bit encryption technology and PCI-compliant processing are methods that e-commerce stores such as Shopify can use to further protect their customers’ information when using their store’s services.
8. Utilize additional authentication measures such as two-factor authentication.
Two-factor authentication is a security measure that requires two methods of identification to verify the legitimacy of a transaction. It helps to protect credit card information by ensuring that only authorized users can access the information, as it requires two distinct methods of authentication in order for the transaction to be completed successfully.
With two-factor authentication, an individual would need both knowledge (e.g., a password) and something physical (e.g., a biometric such as fingerprints or facial recognition) in order for the transaction to be approved. OuterBox sets up their stores with 128-bit encryption, which helps ensure that processing credit cards is secure and PCI DSS compliant, helping businesses minimize the risk of fraud and increase security measures when accepting payments online.
9. Monitor your store for any suspicious activity.
Signs of suspicious activity on a Shopify store that could indicate a security breach include sudden surges in orders or requests for shipping outside of typical geographic regions, unusually high or low order volumes, and orders with mismatched customer information.
Additionally, credit card chargebacks and declines are red flags to look out for. To further protect your store from potential security breaches, it is important to utilize the fraud analysis tools offered by Shopify as well as obtain a secure credit card processor that meets the Payment Card Industry Data Security Standard (PCI DSS) requirements.
10. Utilize secure network access control measures.
When using a Shopify store’s credit card information, it is important to take secure network access control measures.
These measures include encrypting the credit card information with 128-bit encryption, adhering to the Payment Card Industry Data Security Standard (PCI DSS), and using a merchant account with chargeback and fraud prevention features.
Additionally, merchants should use a processor that has AVS or machine-learning algorithms as an additional layer of protection against fraudulent transactions.
What are the best business credit cards for dropshipping businesses?
Dropshipping businesses should look into Amex Business Platinum, Amex Business Gold, Amex Amazon Business Prime, Amex Blue Business Cash (or Plus), and Chase Ink Business Credit Cards as some of the best options when selecting a business credit card. These cards offer high rewards for advertisement costs and have a rate of at least 1.5% cash back in order to cover costs of goods sold, general expenses, and paying the team.
It is also highly recommended to consider a no-set-credit-limit card in order to avoid any account suspensions caused by recurring expenses being declined.
For business travel needs, the American Express Plum Credit Card is suggested while for shipping expenses The American Express Business Rewards Credit Card is recommended due its comprehensive reward program. Lastly, it is important for dropshipping businesses to research which cards offer best rewards programs according to their type of business before deciding on one option or another.
What are the best business credit cards for Shopify businesses?
Businesses that use Shopify to sell online should consider the Chase Ink Business Preferred card as one of the best business credit cards.
The card offers rewards for shopping and spending on business-related expenses that can be used to reinvest in the business or redeemed for travel. Additionally, this card comes with no annual fee and provides a range of features to suit various needs.
What are the best business credit cards for Etsy businesses?
Etsy businesses looking for the best business credit cards should consider the Chase Ink Business Preferred, American Express Business Gold Card, American Express Blue Business Cash, American Express Blue Business Plus, Brex, and Capital One Spark Cash.
The Chase Ink Business Cash offers a welcome offer and good travel rewards whereas the Capital One Spark Miles provides excellent travel rewards along with flat-rate rewards. For those with poor credit ratings, the Wells Fargo Business Platinum Secured is an excellent choice as it has no annual fee and good requirements. Finally, the SVB Innovators Card provides customers with no annual fee and a great customer service rating.