Top Credit Cards to use for Dropshipping! (Plus Rewards)

today we're going over the top eight credit cards for drop shipping on ebay and facebook marketplace that will really rack up a ton of points for you really fast as drop shippers we move a lot of products for our customers so we need a credit card that we could put a lot of money through and that will also give us a ton of cash backer points so in this video i'm going to show you and break down for you the best credit cards that you can use as a drop shipper we're gonna go from a complete beginner with very little credit history all the way up to the most advanced best cards that you can get including a brand new one that i'm really excited about now let's

say you're brand new to drop shipping and you actually have never owned a credit card in the past or you don't have a great credit score for whatever reason it's going to be really tough for you to get approved for a credit card that you can use to run your business and that's where secured credit cards come in this is a very good solution for anyone like that who is brand new to credit or doesn't have good credit this is how a secured credit card works you will get a real credit card and usually they have no annual fee but these are called secured credit cards and that's because they are secured by a refundable security deposit so in other words you might put 500 down and that is your credit line you get 500 that you can spend on that card once that card is closed or is upgraded to an unsecured card then you'll get your deposit of 500 back it's designed specifically to help people build up their credit so if you don't have much this is the perfect avenue for you now there are two that

i'm going to recommend today the first

one is this one right here the discover it secured credit card and the cool thing about this is that while most secured credit cards don't give you any sort of cash back or points or anything like that this one actually does it has no annual fee and the credit score that you need is very low something like 99 of people are approved for this and if you come down here to the points you can get two percent cash back at gas stations and restaurants which we don't really care about but you get one percent cash back on everything else plus for the first year you get cash back match which is an unlimited dollar for dollar match so it's basically like you're getting two percent cash back for the first year so this is a very easy card to get approved for and you get

awesome points with it now the second

secured card i want to talk about is actually the first credit card i ever had from my business because i didn't have a lot of credit history when i got started and i wasn't getting approved for the cards that i wanted to so i got this a wells fargo business secured credit card it is very similar to the other option it's free and you get 1. 5 cash back instead of the 2 but it's 1. 5 forever unlimited but the benefit of this one is that it's a business card so the discover it card is a personal card meaning it will be under your personal name but if you're running your business as an llc and you want an actual business credit card then this is the one that you want to go with the wells fargo business secured credit card so if you have the collateral that you can put up for these cards and you're looking to build credit these are excellent options

for doing that now once you have some

credit and you're ready to upgrade to the next level i have some great cards available for you as well the first one is the discover it unsecured credit card and basically if you have the secured version of this as soon as they see that you are credit worthy they will automatically they should automatically update you to the unsecured version which is this right here or you can apply directly for it and it's very similar there's no annual fee for this one you get the one percent cashback plus the unlimited cashback match for the first year so it's effectively like you're getting two percent back it's a really solid card it's not too hard to get approved for it so it's really good for beginners the problem with this one is that after the first year you're only getting that one percent cash back which is really not ideal when it's literally half of what you can get with another

card such as the city double card gives you two percent cashback on all of your purchases no limit on that at all it is slightly more difficult to get approved for it but if you can get it is a much better choice than the discover it card because it's literally double the cashback forever instead of just the first year

now there are some problems with these

cards again the big one is that these are personal cards so if you have a business like an llc you can't use these that way you need a business card but if you're running your business as an individual then sure get the city double card it's a great car for you to get although i would recommend that eventually you actually form an llc and get a business card the other problem with these cards is that some of them like to discover it actually will give you more cash back like five percent cash back in different places like amazon. com but these are rotating categories so it might give you five percent cash back at amazon for only three or four months of the year and they cap the amount of cash back that you can get so wouldn't it be really nice if you can get cash back five percent cash back on amazon all year long and that brings us to the

amazon prime rewards credit card this prime credit card gives you five percent back on amazon unlimited all year long it is a fabulous card if you are drop shipping from amazon because there's just no other way to get this much cash back consistently when buying from amazon there are also some other perks like gas station two percent back one percent for other purchases but really what we're looking at here is the five percent cash back at amazon in addition to the fact that there is no credit card fee for this at all this is a no-brainer if you are drop shipping from amazon you need this credit card and if you are

drop shipping from walmart then they have one as well this is the capital one walmart rewards card that also gives you five percent back for all of your purchases unlimited on walmart. com and you don't even need a walmart plus account for this and no annual fee for this one so again if you are drop shipping from walmart this one is a no-brainer the problem with these cards is that this one the walmart card you need good to excellent credit and the bigger problem is that these cards they tend not to give us really high limits for them so it's hard to put a lot of money through these cards because they're just not giving us enough credit line on these cards and that's why we need to really bring things to the next

level this is the capital one spark two

percent cash plus card this is a new card that i just found out about i have the older version of this but this one is so much better and is just insane so the card that i have has an annual fee of 95 and gives me two percent cash back flat unlimited on all purchases anywhere for an all-around card it is amazing it is perfect for me but this one their new one has some additional benefits that i absolutely love first you're still getting the two percent unlimited cash back on every single purchase no limits no category restrictions or anything like that but you're also getting a 1 000 cash bonus or at least a possibility of getting that you'll get 500 when you spend five grand in your first three months which is definitely doable as a drop shipper and another 500 if you spend 50 grand in the first six months which is a lot of money to be putting through your credit card but for a lot of high level drop shippers that is totally doable now the annual fee for this one has gone up it's now 150 dollars but you can get a 200 annual credit if you spend 200 000 or more in the year which again sounds like a lot of money but once you start to level up with drop shipping you're gonna see that actually is possible for a lot of people but more importantly even if you don't get that i still think it's worth it to pay the 150 a year you'll more than make up for that with the two percent cash back but the more important thing that i'm really excited about is the no preset spend limit so they don't actually give you a limit on the card you can spend as much as you want as long as you continue to pay it off which is fantastic for drop shippers now if

cash back is not your style and you love

those travel reward points then capital one also has a spark two percent miles card that's very similar you get two x unlimited rewards a fifty thousand miles bonus once you spend forty five hundred dollars in purchases in the first three months a one hundred dollar travel credit for tsa and yeah you can redeem it on flights hotels vacation packages and then zero dollars the first year 95 after that is a solid deal as well

so those are my top picks for credit cards for dropshippers if there's one that i missed let me know in the comment section down below one thing i didn't talk about too much were those sign up bonuses like this one right here because i don't really put a lot of emphasis on those i'm not really interested in those i'm more interested in what i'm going to get going forward long term if i can get two percent unlimited rewards two percent cash back five percent at amazon and walmart that is what i'm more interested in because with drop shipping it is definitely a volumes game if you enjoyed this video make sure to give it a big thumbs up and then subscribe to the channel we are well on our way to 100 000 subscribers and i would love for you to be part of the gang that's the first 100 000 so make sure to subscribe to the channel and then i'll see you in the next video