Are you a business owner looking for the best way to manage your expenses and earn rewards? Look no further than business credit cards! These specialized credit cards are designed with businesses in mind, offering higher credit limits and exclusive perks that can help you save money and build credit.
But with so many options on the market, it can be overwhelming to choose the right one for your needs. That’s why we’ve put together this guide to the best business credit cards available today.
Whether you’re looking for cashback rewards, travel perks, or low interest rates, there’s a business credit card out there that’s perfect for you. We’ll break down the top contenders and help you make an informed decision based on your unique financial situation.
So why wait? Let’s dive into the world of business credit cards and discover how they can benefit your company today.
Expert Insights on the Current Business Credit Card Market
Highly Competitive Market
The business credit card market is highly competitive, with a wide range of options available to suit different business needs and spending habits. With so many choices, it can be challenging to determine which credit card is the best fit for your business. However, businesses that take the time to compare and evaluate their options can reap significant rewards.
Generous Rewards Programs
Many business credit cards offer generous rewards programs, including cashback, points, and miles. These rewards can help businesses save money on everyday expenses such as office supplies, travel expenses, and advertising costs. For example, some cards offer higher cashback percentages on specific categories such as gas stations or office supply stores.
Business owners should consider their spending habits when choosing a rewards program. Some cards may offer more points or miles for travel-related expenses while others may provide better cashback rates for office supplies or dining out.
Additional Benefits
In addition to rewards programs, some business credit cards come with additional benefits that can provide added peace of mind for business owners. These benefits may include travel insurance coverage, purchase protection against fraud or theft, extended warranties on purchases made with the card, and more.
Travel insurance coverage is particularly useful for businesses that frequently send employees on trips. This type of coverage can protect against trip cancellations due to unforeseen circumstances such as illness or severe weather conditions.
Purchase protection is also essential for businesses that make large purchases regularly. This benefit can cover the cost of items stolen or damaged within a certain timeframe after purchase. Extended warranties are also helpful in protecting expensive equipment from damage over an extended period.
Comparison Shopping
When comparing different credit card options based on factors such as interest rates, fees, rewards programs, and additional benefits; it’s important to carefully consider each option’s pros and cons fully. Businesses should look at all aspects of each card before making a final decision.
Interest rates and fees are crucial factors to consider when choosing a credit card. Some cards may have higher interest rates but offer more significant rewards programs, while others may have lower interest rates but fewer rewards. Businesses should also consider any annual fees associated with the card and whether they outweigh the benefits of having the card.
Best Overall Business Credit Card: Blue Business Plus from American Express, Capital One Spark Cash…
Blue Business Plus from American Express offers 2x points on all purchases up to $50,000 per year and has no annual fee.
The Blue Business Plus card from American Express is one of the best business credit cards available in the market. It offers a generous rewards program with no annual fee. With this card, businesses can earn 2x Membership Rewards points on all purchases up to $50,000 per year. This means that businesses can earn rewards quickly and easily without having to worry about any spending categories or limits.
Moreover, the Blue Business Plus card comes with additional benefits such as purchase protection, extended warranty coverage, and travel accident insurance. These benefits can help protect your business against unexpected expenses and provide peace of mind when traveling for work.
This card is an excellent choice for small businesses that make frequent small purchases since it allows them to accumulate points quickly without having to worry about an annual fee. If you already have a personal Amex Membership Rewards account, you can combine your rewards earned through this business credit card with your personal ones.
Capital One Spark Cash provides unlimited 2% cash back on all purchases and a one-time bonus of $500 after spending $4,500 in the first three months.
Capital One Spark Cash is another great option for businesses looking for a straightforward rewards program with high earning potential. This card offers unlimited 2% cashback on all purchases with no earning caps or spending categories restrictions.
In addition to its cashback program, Spark Cash also provides new members with a one-time bonus of $500 after they spend $4,500 within the first three months of opening their account. This bonus alone can help offset any expenses incurred while growing your business.
Like the Blue Business Plus card from Amex mentioned above, Capital One Spark Cash also comes with additional perks such as purchase protection, extended warranty coverage, and travel accident insurance. These benefits can provide your business with added security and peace of mind.
Both cards offer additional benefits such as purchase protection, extended warranty, and travel accident insurance.
One of the key advantages of using a business credit card is the added benefits that come along with it. Both Blue Business Plus from American Express and Capital One Spark Cash offer additional perks such as purchase protection, extended warranty coverage, and travel accident insurance.
Purchase protection ensures that you’re covered in case you accidentally damage or lose an item purchased with your card. Extended warranty coverage extends the manufacturer’s warranty on eligible items purchased with your card. Travel accident insurance provides coverage for accidental death or dismemberment while traveling on common carriers like planes or trains.
These additional benefits can provide businesses with a sense of security when making purchases or traveling for work.
Blue Business Plus is ideal for businesses that make frequent small purchases, while Spark Cash is better suited for those with larger expenses.
Choosing between these two cards depends on your business’s spending habits. If your business makes frequent small purchases throughout the year, then the Blue Business Plus card from American Express may be the best option since it offers 2x points on all purchases up to $50,000 per year without any annual fee.
On the other hand, if your business has larger expenses like equipment purchases or office rent payments every month, then Capital One Spark Cash may be a better fit due to its unlimited 2% cashback program without any earning caps or spending categories restrictions.
Ultimately, both cards are excellent options for businesses looking to earn rewards on their everyday spending without paying an annual fee. However, choosing between them will depend on your specific needs as a business owner.
The APR for both cards is variable and can be high so it’s important to pay off balances in full each month.
It’s important to remember that while both Blue Business Plus and Capital One Spark Cash offer great rewards programs, they also come with variable APRs that can be high. This means that if you carry a balance on your card from month to month, you may end up paying more in interest charges than the value of the rewards earned.
To avoid this, it’s important to pay off your balances in full each month. By doing so, you’ll be able to take advantage of the rewards programs without having to worry about any additional expenses.
Best Luxury Business Credit Cards: The Business Platinum Card® from American Express, American Express® Business Gold Card
Premium Travel Benefits with the Business Platinum Card® from American Express
If you’re a frequent traveler and want to enjoy luxury travel benefits, then the Business Platinum Card® from American Express is an excellent choice. This card offers premium travel benefits that can make your business trips more comfortable and enjoyable.
One of the most significant advantages of this card is its 5x Membership Rewards points on flights and prepaid hotels booked through amextravel.com. This means that every dollar you spend on eligible purchases will earn you five times more rewards points than other cards. You can redeem these points for travel, gift cards, merchandise, or statement credits.
Another fantastic feature of this card is access to airport lounges worldwide. With over 1,300 lounges in over 140 countries, you’ll have plenty of options to relax and unwind before your flight. The card includes access to Centurion Lounges, Delta Sky Clubs, Priority Pass Select lounges, and more.
The Business Platinum Card® from American Express also comes with a $200 airline fee credit each year for incidental fees such as baggage fees or in-flight refreshments. You can receive up to $100 in credits towards Global Entry or TSA PreCheck application fees once every four years.
Elite Status with Hilton Honors and Marriott Bonvoy
As a cardholder of the Business Platinum Card® from American Express, you’ll receive complimentary Gold status with both Hilton Honors and Marriott Bonvoy loyalty programs. This gives you access to exclusive perks such as room upgrades, late check-out options, free Wi-Fi in your hotel room and common areas.
Furthermore, if you book two consecutive nights at participating properties through Amex Fine Hotels & Resorts®, you’ll get additional benefits like daily breakfast for two people per room and a guaranteed 4:00 pm late checkout.
Annual Fee and Eligibility
The Business Platinum Card® from American Express has an annual fee of $595. While this may seem steep, the card’s premium travel benefits and rewards program can easily offset this cost for frequent travelers.
To be eligible for this card, you must have a good credit score and meet American Express’s income requirements. You should also be aware that this is a charge card, not a credit card, which means you’ll need to pay your balance in full each month.
Bonus Points on Select Categories with the American Express® Business Gold Card
If you’re looking for another luxury business credit card option with bonus points on select categories, consider the American Express® Business Gold Card. This card offers 4x Membership Rewards points on two select categories of your choice from six different options: airfare purchased directly from airlines, advertising purchases made in the US, gas stations located in the US, restaurants located in the US, shipping purchases made in the US or computer hardware, software, and cloud computing purchases made directly from select providers.
You’ll earn 25% more points when you book flights through amextravel.com using Membership Rewards Pay with Points. The annual fee for this card is $295.
Best Cash Back Business Credit Cards
Ink Business Cash® Credit Card
As a small business owner, you are always looking for ways to save money and maximize your profits. One of the best ways to do this is by using a cash back credit card that gives you rewards for every purchase you make. The Ink Business Cash® Credit Card is one such card that can help you earn cash back on your everyday business expenses.
With this card, you can earn 5% cash back on office supplies, internet, cable and phone services, and 2% cash back on gas stations and restaurants. This means that if you spend $1,000 on office supplies or internet services in one month, you will get $50 back in rewards. If you spend another $500 on gas and dining out, you will get an additional $10 back in rewards.
The Ink Business Cash® Credit Card also offers a sign-up bonus of $750 after spending $7,500 within the first three months of account opening. There is no annual fee for this card, making it an excellent choice for small business owners who want to earn rewards without paying extra fees.
Ink Business Unlimited® Credit Card
If simplicity is what you are looking forThen the Ink Business Unlimited® Credit Card might be the perfect fit for your needs. This card offers unlimited 1.5% cash back on every purchase made for your business.
This means that whether you are buying office supplies or paying for travel expenses, every dollar spent will earn 1.5% cashback reward points. You don’t have to worry about keeping track of different categories or spending limits; just use your card as usual and watch the rewards pile up.
Like the Ink Business Cash® Credit Card mentioned earlier, this card also offers a sign-up bonus of $750 after spending $7,500 within the first three months of account opening. There is no annual fee for this card, making it another great option for small business owners.
Ink Business Preferred® Credit Card
The Ink Business Preferred® Credit Card is designed for small business owners who travel frequently and want to earn rewards on their travel expenses. This card offers 3 points per dollar spent on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines.
This means that if you spend $1,000 on airfare or hotel bookings in one month, you will get 3,000 reward points back. If you spend another $500 on shipping or internet services, you will get an additional 1,500 reward points back. These points can be redeemed for cashback rewards or used to book future travel through Chase’s Ultimate Rewards program.
The Ink Business Preferred® Credit Card also offers a sign-up bonus of 100,000 points after spending $15,000 within the first three months of account opening. While this card has an annual fee of $95, its benefits more than make up for the cost if you are a frequent traveler.
Best No Annual Fee Business Credit Card: Ink Business Unlimited® Credit Card
Unlimited Cash Back Rewards
If you’re looking for a business credit card that won’t cost you anything in annual fees, the Ink Business Unlimited® Credit Card is worth considering. One of the standout features of this card is its unlimited 1.5% cash back on every purchase. This means that no matter what your business expenses are, you’ll earn rewards on them without any caps or limits.
Generous Sign-Up Bonus
In addition to its ongoing rewards program, the Ink Business Unlimited® Credit Card also offers a generous sign-up bonus of $750 cash back after spending $7,500 in the first three months. This can be a great way to earn some extra cash for your business just by using your credit card for everyday purchases.
Valuable Benefits and Perks
Aside from its rewards program and sign-up bonus, the Ink Business Unlimited® Credit Card also comes with a range of valuable benefits and perks. For example, it offers purchase protection which covers eligible purchases against damage or theft for up to 120 days from the date of purchase (up to $10,000 per claim and $50,000 per account). It also includes extended warranty coverage which extends the manufacturer’s warranty by an additional year on eligible warranties of three years or less.
This card provides travel and emergency assistance services such as emergency ticket replacement and medical referral services when traveling more than 100 miles from home. You’ll also have access to roadside dispatch if your car breaks down while driving in the US.
Employee Cards at No Extra Cost
Another benefit of the Ink Business Unlimited® Credit Card is that you can request employee cards at no extra cost. This makes it easy to manage employee expenses while earning rewards on their purchases as well. Plus, you can set individual spending limits for each employee so you can control how much they’re able to spend on the card.
Introductory APR Offer
If you’re looking to finance a large purchase or consolidate debt, the Ink Business Unlimited® Credit Card offers an introductory 0% APR for the first 12 months on purchases and balance transfers. This can be a great way to save money on interest charges while paying off your balance.
Best Business Credit Cards for New Businesses: Best for Financing…
0% introductory APR for purchases and balance transfers
One of the most important factors to consider when choosing a business credit card is the interest rate. A high-interest rate can quickly add up, especially if you carry a balance from month to month. That’s why many of the best business credit cards for new businesses come with a 0% introductory APR for purchases and balance transfers.
This means that you won’t have to pay any interest on your purchases or balance transfers during the introductory period, which typically lasts between six months and one year. This can be incredibly helpful if you’re trying to finance your startup or need some extra time to pay off a large purchase.
Some of the top business credit cards with 0% introductory APRs include the Chase Ink Business Cash, Capital One Spark Cash Select, and American Express Blue Business Cash. Each of these cards offers competitive rewards programs in addition to their low-interest rates.
Rewards program with cashback or points for business expenses
Another key feature to look for in a business credit card is a rewards program that offers cashback or points for your business expenses. These rewards can help offset your costs and provide additional value beyond just the low-interest rate.
Many of the best business credit cards offer tiered rewards programs that allow you to earn more points or cashback on certain categories like office supplies, travel, advertising, or dining out. Some cards even offer bonus rewards when you reach certain spending thresholds within a given timeframe.
The best credit cards with rewards programs include the Chase Ink Business Preferred, Capital One Spark Miles, and American Express Business Gold Card. Each of these cards offers generous sign-up bonuses and ongoing rewards programs that are tailored specifically towards small businesses.
No annual fee or low annual fee
It’s important to consider any fees associated with using the card. One of the most common fees is an annual fee, which can add up quickly over time.
Fortunately, many of the best business credit cards for new businesses come with no annual fee or a low annual fee that’s easy to justify based on the rewards and benefits offered by the card.
Some of the top business credit cards with no annual fee include the Capital One Spark Cash Select, Chase Ink Business Unlimited, and American Express Blue Business Cash. These cards offer competitive rewards programs without any additional cost to you.
Flexible credit limits to accommodate business needs
Finally, it’s important to consider the credit limit offered by your chosen business credit card. This will determine how much you can spend on your card each month and how much financing you’ll have available for your startup or small business.
Many of the best business credit cards offer flexible credit limits that can be adjusted based on your needs. This means that you can increase or decrease your limit as necessary depending on your cash flow and expenses.
The best business credit cards with flexible credit limits include the Chase Ink Business Preferred, Capital One Spark Miles, and American Express Business Gold Card. Each of these cards offers a high initial credit limit that can be increased over time as needed.
Overall, choosing the right business credit card for your startup or small business is essential for managing your finances effectively. By considering factors like interest rates, rewards programs, fees, and credit limits, you can find a card that meets your unique needs and provides maximum value over time.
Conclusion of Best Business Credit Cards
After analyzing the current business credit card market, we have identified the best options for different types of businesses. Whether you are looking for cash back rewards, luxury perks, or no annual fees, there is a business credit card that fits your needs.
The Blue Business Plus from American Express and Capital One Spark Cash are our top picks for the best overall business credit cards. These cards offer generous rewards programs and flexible redemption options.
If you’re looking for luxury perks, The Business Platinum Card® from American Express and American Express® Business Gold Card are excellent choices. These cards offer exclusive benefits such as airport lounge access, concierge services, and travel credits.
For those interested in cash back rewards, Ink Business Cash® Credit Card, Ink Business Unlimited® Credit Card, and Ink Business Preferred® Credit Card are great options. With high cash back percentages on select categories and no foreign transaction fees, these cards can save your business money.
If you want a business credit card with no annual fee, consider the Ink Business Unlimited® Credit Card. This card offers unlimited 1.5% cash back on all purchases without any annual fee.
Finally, if you’re a new business owner looking to finance your operations or build credit history, there are several options available to you. Look into the Best for Financing category to find a card that suits your specific needs.
In conclusion, choosing the best business credit card depends on your unique needs and preferences as a business owner. Consider what type of rewards program or benefits will be most useful to you before making a decision.
FAQs
1. Can I apply for multiple business credit cards?
Yes! You can apply for multiple business credit cards as long as you meet each issuer’s eligibility requirements and can handle multiple accounts responsibly.
2. How do I know which rewards program is right for my business?
Consider what expenses your business incurs most frequently and choose a rewards program that offers cash back or points on those categories. Also, consider redemption options and any annual fees associated with the card.
3. Are there any downsides to having a business credit card?
One downside is that business credit cards often have higher interest rates than personal credit cards. If you do not use your card responsibly, it can negatively impact your business’s credit score.
4. Can I use my personal credit card for business expenses?
Technically, yes. However, using a personal credit card for business expenses can make it difficult to track and separate personal and business expenses for tax purposes.
5. What should I do if my business credit card is lost or stolen?
Contact your issuer immediately to report the loss or theft and request a replacement card. Keep in mind that many issuers offer fraud protection policies for unauthorized charges.
Are you a business owner looking for the best way to manage your expenses and earn rewards? Look no further than business credit cards! These specialized credit cards are designed with businesses in mind, offering higher credit limits and exclusive perks that can help you save money and build credit.
But with so many options on the market, it can be overwhelming to choose the right one for your needs. That’s why we’ve put together this guide to the best business credit cards available today.
Whether you’re looking for cashback rewards, travel perks, or low interest rates, there’s a business credit card out there that’s perfect for you. We’ll break down the top contenders and help you make an informed decision based on your unique financial situation.
So why wait? Let’s dive into the world of business credit cards and discover how they can benefit your company today.
Expert Insights on the Current Business Credit Card Market
Highly Competitive Market
The business credit card market is highly competitive, with a wide range of options available to suit different business needs and spending habits. With so many choices, it can be challenging to determine which credit card is the best fit for your business. However, businesses that take the time to compare and evaluate their options can reap significant rewards.
Generous Rewards Programs
Many business credit cards offer generous rewards programs, including cashback, points, and miles. These rewards can help businesses save money on everyday expenses such as office supplies, travel expenses, and advertising costs. For example, some cards offer higher cashback percentages on specific categories such as gas stations or office supply stores.
Business owners should consider their spending habits when choosing a rewards program. Some cards may offer more points or miles for travel-related expenses while others may provide better cashback rates for office supplies or dining out.
Additional Benefits
In addition to rewards programs, some business credit cards come with additional benefits that can provide added peace of mind for business owners. These benefits may include travel insurance coverage, purchase protection against fraud or theft, extended warranties on purchases made with the card, and more.
Travel insurance coverage is particularly useful for businesses that frequently send employees on trips. This type of coverage can protect against trip cancellations due to unforeseen circumstances such as illness or severe weather conditions.
Purchase protection is also essential for businesses that make large purchases regularly. This benefit can cover the cost of items stolen or damaged within a certain timeframe after purchase. Extended warranties are also helpful in protecting expensive equipment from damage over an extended period.
Comparison Shopping
When comparing different credit card options based on factors such as interest rates, fees, rewards programs, and additional benefits; it’s important to carefully consider each option’s pros and cons fully. Businesses should look at all aspects of each card before making a final decision.
Interest rates and fees are crucial factors to consider when choosing a credit card. Some cards may have higher interest rates but offer more significant rewards programs, while others may have lower interest rates but fewer rewards. Businesses should also consider any annual fees associated with the card and whether they outweigh the benefits of having the card.
Best Overall Business Credit Card: Blue Business Plus from American Express, Capital One Spark Cash…
Blue Business Plus from American Express offers 2x points on all purchases up to $50,000 per year and has no annual fee.
The Blue Business Plus card from American Express is one of the best business credit cards available in the market. It offers a generous rewards program with no annual fee. With this card, businesses can earn 2x Membership Rewards points on all purchases up to $50,000 per year. This means that businesses can earn rewards quickly and easily without having to worry about any spending categories or limits.
Moreover, the Blue Business Plus card comes with additional benefits such as purchase protection, extended warranty coverage, and travel accident insurance. These benefits can help protect your business against unexpected expenses and provide peace of mind when traveling for work.
This card is an excellent choice for small businesses that make frequent small purchases since it allows them to accumulate points quickly without having to worry about an annual fee. If you already have a personal Amex Membership Rewards account, you can combine your rewards earned through this business credit card with your personal ones.
Capital One Spark Cash provides unlimited 2% cash back on all purchases and a one-time bonus of $500 after spending $4,500 in the first three months.
Capital One Spark Cash is another great option for businesses looking for a straightforward rewards program with high earning potential. This card offers unlimited 2% cashback on all purchases with no earning caps or spending categories restrictions.
In addition to its cashback program, Spark Cash also provides new members with a one-time bonus of $500 after they spend $4,500 within the first three months of opening their account. This bonus alone can help offset any expenses incurred while growing your business.
Like the Blue Business Plus card from Amex mentioned above, Capital One Spark Cash also comes with additional perks such as purchase protection, extended warranty coverage, and travel accident insurance. These benefits can provide your business with added security and peace of mind.
Both cards offer additional benefits such as purchase protection, extended warranty, and travel accident insurance.
One of the key advantages of using a business credit card is the added benefits that come along with it. Both Blue Business Plus from American Express and Capital One Spark Cash offer additional perks such as purchase protection, extended warranty coverage, and travel accident insurance.
Purchase protection ensures that you’re covered in case you accidentally damage or lose an item purchased with your card. Extended warranty coverage extends the manufacturer’s warranty on eligible items purchased with your card. Travel accident insurance provides coverage for accidental death or dismemberment while traveling on common carriers like planes or trains.
These additional benefits can provide businesses with a sense of security when making purchases or traveling for work.
Blue Business Plus is ideal for businesses that make frequent small purchases, while Spark Cash is better suited for those with larger expenses.
Choosing between these two cards depends on your business’s spending habits. If your business makes frequent small purchases throughout the year, then the Blue Business Plus card from American Express may be the best option since it offers 2x points on all purchases up to $50,000 per year without any annual fee.
On the other hand, if your business has larger expenses like equipment purchases or office rent payments every month, then Capital One Spark Cash may be a better fit due to its unlimited 2% cashback program without any earning caps or spending categories restrictions.
Ultimately, both cards are excellent options for businesses looking to earn rewards on their everyday spending without paying an annual fee. However, choosing between them will depend on your specific needs as a business owner.
The APR for both cards is variable and can be high so it’s important to pay off balances in full each month.
It’s important to remember that while both Blue Business Plus and Capital One Spark Cash offer great rewards programs, they also come with variable APRs that can be high. This means that if you carry a balance on your card from month to month, you may end up paying more in interest charges than the value of the rewards earned.
To avoid this, it’s important to pay off your balances in full each month. By doing so, you’ll be able to take advantage of the rewards programs without having to worry about any additional expenses.
Best Luxury Business Credit Cards: The Business Platinum Card® from American Express, American Express® Business Gold Card
Premium Travel Benefits with the Business Platinum Card® from American Express
If you’re a frequent traveler and want to enjoy luxury travel benefits, then the Business Platinum Card® from American Express is an excellent choice. This card offers premium travel benefits that can make your business trips more comfortable and enjoyable.
One of the most significant advantages of this card is its 5x Membership Rewards points on flights and prepaid hotels booked through amextravel.com. This means that every dollar you spend on eligible purchases will earn you five times more rewards points than other cards. You can redeem these points for travel, gift cards, merchandise, or statement credits.
Another fantastic feature of this card is access to airport lounges worldwide. With over 1,300 lounges in over 140 countries, you’ll have plenty of options to relax and unwind before your flight. The card includes access to Centurion Lounges, Delta Sky Clubs, Priority Pass Select lounges, and more.
The Business Platinum Card® from American Express also comes with a $200 airline fee credit each year for incidental fees such as baggage fees or in-flight refreshments. You can receive up to $100 in credits towards Global Entry or TSA PreCheck application fees once every four years.
Elite Status with Hilton Honors and Marriott Bonvoy
As a cardholder of the Business Platinum Card® from American Express, you’ll receive complimentary Gold status with both Hilton Honors and Marriott Bonvoy loyalty programs. This gives you access to exclusive perks such as room upgrades, late check-out options, free Wi-Fi in your hotel room and common areas.
Furthermore, if you book two consecutive nights at participating properties through Amex Fine Hotels & Resorts®, you’ll get additional benefits like daily breakfast for two people per room and a guaranteed 4:00 pm late checkout.
Annual Fee and Eligibility
The Business Platinum Card® from American Express has an annual fee of $595. While this may seem steep, the card’s premium travel benefits and rewards program can easily offset this cost for frequent travelers.
To be eligible for this card, you must have a good credit score and meet American Express’s income requirements. You should also be aware that this is a charge card, not a credit card, which means you’ll need to pay your balance in full each month.
Bonus Points on Select Categories with the American Express® Business Gold Card
If you’re looking for another luxury business credit card option with bonus points on select categories, consider the American Express® Business Gold Card. This card offers 4x Membership Rewards points on two select categories of your choice from six different options: airfare purchased directly from airlines, advertising purchases made in the US, gas stations located in the US, restaurants located in the US, shipping purchases made in the US or computer hardware, software, and cloud computing purchases made directly from select providers.
You’ll earn 25% more points when you book flights through amextravel.com using Membership Rewards Pay with Points. The annual fee for this card is $295.
Best Cash Back Business Credit Cards
Ink Business Cash® Credit Card
As a small business owner, you are always looking for ways to save money and maximize your profits. One of the best ways to do this is by using a cash back credit card that gives you rewards for every purchase you make. The Ink Business Cash® Credit Card is one such card that can help you earn cash back on your everyday business expenses.
With this card, you can earn 5% cash back on office supplies, internet, cable and phone services, and 2% cash back on gas stations and restaurants. This means that if you spend $1,000 on office supplies or internet services in one month, you will get $50 back in rewards. If you spend another $500 on gas and dining out, you will get an additional $10 back in rewards.
The Ink Business Cash® Credit Card also offers a sign-up bonus of $750 after spending $7,500 within the first three months of account opening. There is no annual fee for this card, making it an excellent choice for small business owners who want to earn rewards without paying extra fees.
Ink Business Unlimited® Credit Card
If simplicity is what you are looking forThen the Ink Business Unlimited® Credit Card might be the perfect fit for your needs. This card offers unlimited 1.5% cash back on every purchase made for your business.
This means that whether you are buying office supplies or paying for travel expenses, every dollar spent will earn 1.5% cashback reward points. You don’t have to worry about keeping track of different categories or spending limits; just use your card as usual and watch the rewards pile up.
Like the Ink Business Cash® Credit Card mentioned earlier, this card also offers a sign-up bonus of $750 after spending $7,500 within the first three months of account opening. There is no annual fee for this card, making it another great option for small business owners.
Ink Business Preferred® Credit Card
The Ink Business Preferred® Credit Card is designed for small business owners who travel frequently and want to earn rewards on their travel expenses. This card offers 3 points per dollar spent on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines.
This means that if you spend $1,000 on airfare or hotel bookings in one month, you will get 3,000 reward points back. If you spend another $500 on shipping or internet services, you will get an additional 1,500 reward points back. These points can be redeemed for cashback rewards or used to book future travel through Chase’s Ultimate Rewards program.
The Ink Business Preferred® Credit Card also offers a sign-up bonus of 100,000 points after spending $15,000 within the first three months of account opening. While this card has an annual fee of $95, its benefits more than make up for the cost if you are a frequent traveler.
Best No Annual Fee Business Credit Card: Ink Business Unlimited® Credit Card
Unlimited Cash Back Rewards
If you’re looking for a business credit card that won’t cost you anything in annual fees, the Ink Business Unlimited® Credit Card is worth considering. One of the standout features of this card is its unlimited 1.5% cash back on every purchase. This means that no matter what your business expenses are, you’ll earn rewards on them without any caps or limits.
Generous Sign-Up Bonus
In addition to its ongoing rewards program, the Ink Business Unlimited® Credit Card also offers a generous sign-up bonus of $750 cash back after spending $7,500 in the first three months. This can be a great way to earn some extra cash for your business just by using your credit card for everyday purchases.
Valuable Benefits and Perks
Aside from its rewards program and sign-up bonus, the Ink Business Unlimited® Credit Card also comes with a range of valuable benefits and perks. For example, it offers purchase protection which covers eligible purchases against damage or theft for up to 120 days from the date of purchase (up to $10,000 per claim and $50,000 per account). It also includes extended warranty coverage which extends the manufacturer’s warranty by an additional year on eligible warranties of three years or less.
This card provides travel and emergency assistance services such as emergency ticket replacement and medical referral services when traveling more than 100 miles from home. You’ll also have access to roadside dispatch if your car breaks down while driving in the US.
Employee Cards at No Extra Cost
Another benefit of the Ink Business Unlimited® Credit Card is that you can request employee cards at no extra cost. This makes it easy to manage employee expenses while earning rewards on their purchases as well. Plus, you can set individual spending limits for each employee so you can control how much they’re able to spend on the card.
Introductory APR Offer
If you’re looking to finance a large purchase or consolidate debt, the Ink Business Unlimited® Credit Card offers an introductory 0% APR for the first 12 months on purchases and balance transfers. This can be a great way to save money on interest charges while paying off your balance.
Best Business Credit Cards for New Businesses: Best for Financing…
0% introductory APR for purchases and balance transfers
One of the most important factors to consider when choosing a business credit card is the interest rate. A high-interest rate can quickly add up, especially if you carry a balance from month to month. That’s why many of the best business credit cards for new businesses come with a 0% introductory APR for purchases and balance transfers.
This means that you won’t have to pay any interest on your purchases or balance transfers during the introductory period, which typically lasts between six months and one year. This can be incredibly helpful if you’re trying to finance your startup or need some extra time to pay off a large purchase.
Some of the top business credit cards with 0% introductory APRs include the Chase Ink Business Cash, Capital One Spark Cash Select, and American Express Blue Business Cash. Each of these cards offers competitive rewards programs in addition to their low-interest rates.
Rewards program with cashback or points for business expenses
Another key feature to look for in a business credit card is a rewards program that offers cashback or points for your business expenses. These rewards can help offset your costs and provide additional value beyond just the low-interest rate.
Many of the best business credit cards offer tiered rewards programs that allow you to earn more points or cashback on certain categories like office supplies, travel, advertising, or dining out. Some cards even offer bonus rewards when you reach certain spending thresholds within a given timeframe.
The best credit cards with rewards programs include the Chase Ink Business Preferred, Capital One Spark Miles, and American Express Business Gold Card. Each of these cards offers generous sign-up bonuses and ongoing rewards programs that are tailored specifically towards small businesses.
No annual fee or low annual fee
It’s important to consider any fees associated with using the card. One of the most common fees is an annual fee, which can add up quickly over time.
Fortunately, many of the best business credit cards for new businesses come with no annual fee or a low annual fee that’s easy to justify based on the rewards and benefits offered by the card.
Some of the top business credit cards with no annual fee include the Capital One Spark Cash Select, Chase Ink Business Unlimited, and American Express Blue Business Cash. These cards offer competitive rewards programs without any additional cost to you.
Flexible credit limits to accommodate business needs
Finally, it’s important to consider the credit limit offered by your chosen business credit card. This will determine how much you can spend on your card each month and how much financing you’ll have available for your startup or small business.
Many of the best business credit cards offer flexible credit limits that can be adjusted based on your needs. This means that you can increase or decrease your limit as necessary depending on your cash flow and expenses.
The best business credit cards with flexible credit limits include the Chase Ink Business Preferred, Capital One Spark Miles, and American Express Business Gold Card. Each of these cards offers a high initial credit limit that can be increased over time as needed.
Overall, choosing the right business credit card for your startup or small business is essential for managing your finances effectively. By considering factors like interest rates, rewards programs, fees, and credit limits, you can find a card that meets your unique needs and provides maximum value over time.
Conclusion of Best Business Credit Cards
After analyzing the current business credit card market, we have identified the best options for different types of businesses. Whether you are looking for cash back rewards, luxury perks, or no annual fees, there is a business credit card that fits your needs.
The Blue Business Plus from American Express and Capital One Spark Cash are our top picks for the best overall business credit cards. These cards offer generous rewards programs and flexible redemption options.
If you’re looking for luxury perks, The Business Platinum Card® from American Express and American Express® Business Gold Card are excellent choices. These cards offer exclusive benefits such as airport lounge access, concierge services, and travel credits.
For those interested in cash back rewards, Ink Business Cash® Credit Card, Ink Business Unlimited® Credit Card, and Ink Business Preferred® Credit Card are great options. With high cash back percentages on select categories and no foreign transaction fees, these cards can save your business money.
If you want a business credit card with no annual fee, consider the Ink Business Unlimited® Credit Card. This card offers unlimited 1.5% cash back on all purchases without any annual fee.
Finally, if you’re a new business owner looking to finance your operations or build credit history, there are several options available to you. Look into the Best for Financing category to find a card that suits your specific needs.
In conclusion, choosing the best business credit card depends on your unique needs and preferences as a business owner. Consider what type of rewards program or benefits will be most useful to you before making a decision.
FAQs
1. Can I apply for multiple business credit cards?
Yes! You can apply for multiple business credit cards as long as you meet each issuer’s eligibility requirements and can handle multiple accounts responsibly.
2. How do I know which rewards program is right for my business?
Consider what expenses your business incurs most frequently and choose a rewards program that offers cash back or points on those categories. Also, consider redemption options and any annual fees associated with the card.
3. Are there any downsides to having a business credit card?
One downside is that business credit cards often have higher interest rates than personal credit cards. If you do not use your card responsibly, it can negatively impact your business’s credit score.
4. Can I use my personal credit card for business expenses?
Technically, yes. However, using a personal credit card for business expenses can make it difficult to track and separate personal and business expenses for tax purposes.
5. What should I do if my business credit card is lost or stolen?
Contact your issuer immediately to report the loss or theft and request a replacement card. Keep in mind that many issuers offer fraud protection policies for unauthorized charges.
