Best business credit cards for yoga studios

As a yoga studio owner, you're promoting wellness and building a community. Choosing a business credit card that suits your needs can simplify your finances.

What are the best business credit cards for yoga studios?

Selecting the right business credit card helps your yoga studio manage expenses efficiently, so you can focus on your clients and their well-being.

Ramp Business Credit Cards

Ramp offers a solution that simplifies financial processes for businesses like yours. With Ramp's business credit card, your studio can manage finances more effectively and focus on your practice.
‍

• Integrated financial tools: Combine corporate cards, expense tracking, bill payments, and accounting in one platform.
• Automated expense management: Save time by automating routine tasks and reducing manual work.
• Real-time financial insights: Make informed decisions with up-to-date financial data.
• Spending controls: Set spending limits to control your studio's expenses.
• Global support: Operate worldwide with support in over 195 countries and more than 40 currencies.
  ‍

With Ramp, managing your studio's finances becomes simpler, allowing you to dedicate more time to your clients.

The Blue Business® Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express offers rewards points on business purchases.
‍

• 2X points on eligible purchases up to $50,000 annually, then 1X thereafter.
• The card has no annual fee.
• 0% introductory APR on purchases for the first 12 months.
  ‍

Some businesses may find the $50,000 annual cap on 2X points limiting if they have higher expenses, and after the introductory period, the APR may increase.

Ink Business Unlimited® Credit Card

The Ink Business Unlimited® Credit Card from Chase offers a straightforward cash back rewards program.
‍

• 1.5% cash back on every purchase, without limits.
• $900 bonus cash back after spending $6,000 in the first 3 months.
• The card has no annual fee.
• 0% introductory APR on purchases for 12 months.
  ‍

For businesses looking for higher rewards in specific spending categories, this card's flat cash back rate may be less beneficial.

Capital One Spark Cash Plus

The Capital One Spark Cash Plus provides unlimited cash back on all purchases.
‍

• 2% cash back on all purchases without limits.
• Up to $4,000 in cash bonuses based on spending thresholds.
• The card has no preset spending limit.
  ‍

Some businesses may find the $150 annual fee significant, and the card requires the balance to be paid in full each month.

American Express® Business Gold Card

The American Express® Business Gold Card provides rewards points in specific spending categories.
‍

• 4X points on the top two spending categories each billing cycle (up to $150,000 per year).
• 100,000 points after spending $15,000 in the first 3 months.
• Includes categories such as advertising, shipping, gas stations, restaurants, and more.
  ‍

The card has an annual fee of $375, and the spending requirement for the welcome bonus is relatively high.

How to choose the best credit card for yoga studios?

As a yoga studio owner, choosing the right business credit card can streamline expenses and support financial growth. Here’s what you need to know: 

How can yoga studio owners maximize rewards from business credit cards?

As a yoga studio owner, you can maximize rewards by selecting a credit card that aligns closely with your primary expenses. If your studio frequently invests in yoga mats, props, or retail merchandise, consider a card that offers higher rewards on equipment or supply purchases. 
‍

Additionally, if utility bills and studio rent constitute significant expenses, look for cards that provide bonuses in these categories. By matching your spending patterns with the card's reward structure, you can earn more rewards to reinvest in your studio.

Should yoga studio owners prioritize low interest rates or rewards when selecting a credit card?

If you plan to carry a balance occasionally, prioritizing a card with a lower interest rate or a 0% introductory APR can save your studio money on interest charges. However, if you pay off your balances monthly, focusing on a card with higher rewards may provide greater benefits. Assess your studio's cash flow and payment habits to determine which card features will support your financial strategies best.

How much credit limit does a yoga studio typically need on a business credit card?

The ideal credit limit for your yoga studio depends on your average monthly expenses and growth plans. Calculate your regular costs, including rent, utilities, payroll, supplies, and marketing. Having a credit limit that exceeds your monthly expenses provides a buffer for unforeseen costs and opportunities for expansion. As your studio grows, consider cards that offer flexible credit limits to accommodate increased spending needs.

Why is excellent customer service important for yoga studio owners?

Excellent customer service is vital for quickly resolving any financial issues that arise, such as fraudulent charges or account discrepancies. As a yoga studio owner focused on your clients and daily operations, you need a credit card issuer that provides prompt and effective support. Quality customer service minimizes stress and ensures that financial concerns don't distract you from running your studio.

What additional credit card features can benefit a yoga studio's day-to-day operations?

Features like expense tracking and management tools can simplify bookkeeping and financial planning. If your studio hosts retreats or attends industry conferences, travel rewards and perks can reduce costs. Purchase protection benefits can safeguard investments in studio equipment like sound systems or specialized flooring, providing peace of mind. Access to exclusive business resources or networking events through your credit card can also contribute to your studio's success.

How to maximize rewards

Using your business credit card's rewards effectively can enhance your studio's financial health. Here are strategies to maximize your benefits.

Match card rewards to your spending

Align your card's rewards structure with your studio's expenses. If you spend significantly on equipment or utilities, choose a card offering higher rewards in those categories.

Take advantage of sign-up bonuses

Plan your spending to meet the requirements for sign-up bonuses, increasing your rewards from the start.

Use employee cards

Increase your rewards potential by issuing employee cards, enabling you to earn on their business-related purchases while maintaining oversight.

Pay balances in full

Maximize the value of your rewards by paying off balances monthly, avoiding interest charges that can offset your benefits.

Utilize 0% intro APR offers

Use 0% intro APR offers for larger investments, spreading out payments without additional costs.

Redeem rewards strategically

Choose redemption options that align with your studio's needs, whether reinvesting cash back into the business or using points for travel to industry events.

Monitor spending and rewards

Regularly review your spending and rewards to ensure you're optimizing benefits and staying aligned with your financial goals.

Ramp, the right financial partner for your studio

Choosing the right financial partner is a key step toward your yoga studio's success. With the right tools, you can optimize expenses, streamline operations, and focus on your passion. Support your studio's journey—experience the Ramp advantage by requesting a demo or signing up today.