The Best and Worst Small Business Credit Cards

In 2009, Congress passed consumer-friendly reforms with the Credit Card Act, which included banning bait-and-switch pricing, exorbitant interest rates, and other shady practices. Unfortunately, small business credit cards were not included in the act’s reform measures. Because small business credit cards are not exempt from rising interest rates and shady practices, it is very important that business owners choose carefully when selecting a credit card. CardHub has created a list of the best and worst credit cards for small businesses, based on the protections the companies offer that are similar to the Credit Card Act of 2009.

The top three credit cards for small businesses that score over 50% of the Credit Card Act protections are:

1.      Bank of America (100%)

2.      American Express (60%)

3.      Capital One (60%)

Other credit cards that had 50% protection or lower are listed below:

4.      Chase (45%)

5.      CitiBank (30%)

6.      Discover (30%)

7.      U.S. Bank (30%)

8.   Wells Fargo (30%)