Table of Contents
To launch and run your restaurant business, you need a concept, staff, a kitchen, and most importantly, funds for business expenses.
The market is flooded with credit cards but very few of them cater to the needs of your restaurant business. So how will you choose the one that is in line with your business objectives? We’ve done the homework for you and here are the 5 best credit cards for financing your restaurant business.
What is a Business Credit Card?
A business credit card is the greatest way to get the finance you need to grow your brand while also receiving cashback, incentives, and other benefits that will help you succeed.
We have categorized the 5 best credit cards for your business based on what they are best known for. Let’s take a look, shall we?
5 Best Credit Cards for Financing Your Restaurants
- Best Overall: Ghost Financial Charge Card
- Best for Cash Back Reward: Capital One Spark Business
- Best for Zero Annual Fee & 0% Introductory Rate: American Express Blue Business Plus
- Best for Welcome Bonus: Ink Business Preferred Credit Card
- Best High-Limits Card: Brex Business Credit Card
Best Overall: Ghost Financial Charge Card
Speaking of best credit card for restaurants, what’s better than a credit card that lets you invest in your restaurant inventory? A credit card that you can access without a credit check and gives you cash back as well. Ghost Financial Charge Card is one of the best overall credit cards for your restaurant business. Here’s how:
The Ghost Financial Charge Card is a data-driven financing card that focuses on three major aspects:
- Stocking up inventories with the Ghost Financial Charge Card gets you cashback
- Using data-driven insights, assist in the financing of restaurant extension loans
- Up your credit limit by linking your restaurant POS and delivery system
Why is It Noteworthy?
- Earn 1% cashback on spending on restaurant inventory
- Data-driven financial tools just by investing 30% of your income
- No annual fee for the charge card
- The credit limit depends entirely on your operational efficiency, sales, ratings, and reviews
Best for Cash Back Reward: Capital One Spark Business
The Spark 2 percent Cash Plus rewards you with an unlimited amount of 2% cashback on all restaurant inventory purchases. You can redeem any amount of cash back, and your benefits will last the duration of your account.
Clearly one of the best credit cards for your restaurant business, isn’t it?
Why is It Noteworthy?
- Unlimited amount of 2% cashback
- Significant early spend incentive
- No credit limit
Best for Zero Annual Fee & 0% Introductory Rate: American Express Blue Business Plus
The AmEx Blue Business Plus card is ideal for restauranters and ghost kitchen owners. That’s because the 0% start APR for 12 months is ideal for folks with uneven budgets and expenses. You can even earn extra points for the first $50,000 spent.
Why is It Noteworthy?
- Business expenses earn twice as much
- 99 employee cards for free
- The AmEx mobile app lets you add invoices and remarks to payments and transactions
- Make large purchases on your AmEx credit card
- Pre-approval loans ranging from $3,500 to $25,000 are available
Best for Welcome Bonus: Ink Business Preferred Credit Card
With the Ink Business Preferred Credit Card, you may earn rewards points, which you can keep separately or consolidate with the rest of your points on the card.
It’s an all in all, best financial credit card with one of the most appealing initial incentives of any corporate credit card on the market. You may cash in your bonuses, transfer them to a regular traveler of your business or hotel loyalty program, or use them to obtain a 25% refund on travel.
Why is It Noteworthy?
- Welcome reward
- This card features a cheap annual fee when compared to many other business credit cards
- You may earn 3x incentives if you invest up to $150,000 per year in select successful company areas
- Employee cards have no foreign transaction fees or additional costs
Best High-Limits Card: Brex Business Credit Card
To apply for low-interest financing options, your company will require more credit lines than most Net-30 funds provide. That’s where the Brex company credit card with a large limit comes in helpful.
Brex offers a fee-free card with a lucrative rewards program, as well as a bigger available credit than most other credit card issuers will provide to new clients.
Why is It Noteworthy?
- After spending $9,000 in the first 30 days, you’ll get 50,000 bonus points
- Earn 10-20x greater credit limits than standard corporate credit cards while receiving incentives and cashback on all of your purchases, including 7x on ridesharing and 2x on subscription software
- No credit check, account fees, interest, or a personal guarantee
- Automatic receipt matching and built-in expenditure management features allow you to acquire thorough insights into your spending, saving you time and money
- Give your squad limitless virtual cards and establish specific limitations for each one
- Businesses must have a connected bank balance of a minimum of $50,000 to be authorized for a Brex card with monthly bills
Concluding Thoughts
Spending five to six-figure expenses on your restaurant inventory can hurt your balance sheets. Restaurants, already, are a low-margin business, and slicing off numbers from your budget does more harm than good.
Credit cards are a great way to manage your business finances. We hope this list of the best credit cards for your restaurant will help you find one that suits your business objectives.
FAQs
- What are the benefits of having a business credit card?
A business credit card is the greatest way to get the finance you need to grow your brand while also receiving cashback, incentives, and other benefits that will help you succeed.
- What is the best credit card for a restaurant business?
Ghost Financial Charge Card is one of the best overall credit cards for your restaurant business. You can:
- Stock up inventories with the Ghost Financial Charge Card gets you cashback
- Assist in the financing of restaurant extension loans using data-driven insights
- Up your credit limit by linking your restaurant POS and delivery system
- Which is the best credit card for restaurant businesses for cashback?
The Spark 2% Cash Plus rewards you with an unlimited amount of 2% cashback on all restaurant inventory purchases. You can redeem any amount of cashback, and your benefits will last the duration of your account.
