Running a minor undertaking comes with its own particular difficulties and monetary needs. One approach to successfully oversee your business costs and even procure compensations is through a business credit card. Business charge cards offer an assortment of advantages, including cash back, travel rewards, and 0% introductory APRs, which can be indispensable for managing cash flow and maximizing your business’s earning potential. Here, we’ll explore the top 10 business credit cards that cater to the different needs of small business owners.
1. Chase Ink Business Cash® Credit Card
The Chase Ink Business Cash® Credit Card is a top pick among minor business visionaries due to its generous cash back rewards and no annual fee.
Key Features:
- Cash Back Rewards: Earn 5% cash back on the first $25,000 spent on combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% on all other purchases.
- Introductory APR: 0% introductory APR for 12 months on purchases.
- Sign-Up Bonus: Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.
Best For: Small business owners with significant office supply and communication expenses.
2. American Express® Business Gold Card
The American Express® Business Gold Card stands out for its flexible rewards program that allows you to earn points in the categories where your business spends the most.
Key Features:
- Flexible Rewards: Earn 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. The 4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.
- Airline Bonus: Book your flight using points and receive a 25% airline bonus.
- Sign-Up Bonus: Spend $10,000 on eligible purchases within the first 3 months and earn 70,000 Membership Rewards® points.
Best For: Businesses with fluctuating spending patterns across various categories.
3. Capital One Spark Cash for Business
The Capital One Spark Cash for Business card offers straightforward, unlimited 2% cash back rewards on all purchases without restrictions or limits. Earn a one-time $500 cash bonus by spending $4,500 within the initial 3 months. An annual fee of $95 applies after the introductory waived year.
Best For: Owners preferring simple cash back on every purchase without tracking categories.
4. Chase Ink Business Preferred® Credit Card
The Chase Ink Business Preferred® Credit Card offers high rewards on common business costs and a sizeable sign-up bonus.
Key Features:
- Earn 3 points per $1 on the first $150,000 annually in qualifying travel and select categories. All other purchases earn 1 point per $1.
- The 100,000 bonus points arrive after spending $15,000 in 3 months, worth $1,250 in travel when redeemed through Chase Ultimate Rewards®.
- Points are worth 25% more for travel booked via Chase Ultimate Rewards.
Best For: Owners who frequently travel and want to maximize travel perks.
5. Bank of America® Business Advantage Customized Cash Rewards
The Bank of America® Business Advantage Customized Cash Rewards offers customizable cash back rewards without an annual fee, providing flexibility for many small companies.
Key Features:
- Rewards Customization: Choose from six categories to earn 3% cash back or select 2% cash back on dining and 1% on all purchases.
- Additionally, receive a $300 statement credit when spending $3,000 within 90 days.
- No Annual Fee: Annual fee amounts to $0.
Ideal For: Companies seeking to personalize cash back categories matching expenditures.
6. Blue Business® Plus Credit Card from American Express
The Blue Business® Plus Credit Card from American Express rewards everyday commercial outlays with 2X points on supplies or client meals and 1X elsewhere. Furthermore, purchases enjoy 0% intro APR for twelve months. No yearly cost.
Ideal For: Small enterprises searching for a clear rewards structure and introductory interest-free period.
7. Wells Fargo Business Platinum Credit Card
The Wells Fargo Business Platinum Credit Card presents both cash back and points possibilities, allowing flexibility relative to organizational needs.
Key Features:
- Rewards Options: Select either 1.5% cash back per purchase or earning 1 point per dollar and 1,000 bonus points for $1,000 monthly spend.
- Intro APR: 0% intro APR for nine months on purchases and no annual fee.
Best For: Owners wanting flexibility between cash back and points rewards.
8. Discover it® Business Card
The Discover it® Business Card provides a novel cash back match program, effectively doubling cash back rewards at the end of the first year.
Key Features:
- Discover Cashback Match: Discover will automatically match all the cash back rewards earned by the business after the first year of card usage.
- Cashback Rewards: Earn a generous 1.5% cash back on every dollar spent through the card for any purchase.
- No Annual Fee: The Discover Business Cash Back card comes with a $0 annual fee, keeping costs low and rewards high for the business.
Ideal For: Companies seeking a straightforward rewards program that maximizes every spending dollar without unnecessary charges draining profits.
9. U.S. Bank Business Platinum Card
The U.S. Bank Business Platinum Card offers a lengthy 0% introductory APR period of 18 billing cycles on both purchases and balance transfers, providing valuable flexibility for large expenditures or cushioning cash flow.
Key Features:
- No Annual Fee: The $0 annual fee ensures 100% of every rewards point earned directly boosts the bottom line.
- Spending Oversight: Detailed reports and payment options allow for careful oversight of expenses and cash management.
Best Suited For: Businesses requiring an extended interest holiday to undertake substantial projects or smooth cash flow.
10. Brex 30 Card
The Brex 30 Card is designed for startup and tech companies, offering no personal guarantee and high limits based on cash flow, not credit scores.
Key Features:
- Generous Rewards: Earn 7x points on transportation and 4x points on travel.
- Revenue-Based Limits: Credit evaluation considers proven income over traditional credit checks.
Ideal For: Startups and new tech firms that need support scaled to their revenues, without personal financial risk.
