10 Best Small Business Credit Cards – The top business credit cards accommodate your company’s particular needs, provide affordable financing, and provide you rewards for frequent business expenditures. Here are the top 10 small business credit cards. Depending on whatever incentive option would benefit your business the most—cash back, vacation, or point awards—you may select from a variety of options. Note that credit card offers are subject to change, so it’s always a good idea to look into and contrast the most recent possibilities.
Best Small Business Credit Cards
For entrepreneurs and small company owners attempting to negotiate the world of credit cards, “Small Business Credit Cards” is a perceptive and thorough guide. This book gives readers the information and resources they need to make wise decisions about selecting, handling, and optimizing the advantages of credit cards for their companies. It does this by providing simple explanations, helpful guidance, and professional suggestions.
If you choose the appropriate combination for business credit cards, you may maintain complete segregation between your personal and corporate finances. A business credit card with incentives to facilitate and reward regular company activities, together with competitive cash back, may help small business owners save thousands of dollars annually.
The Top 10 Credit Cards for Small Businesses
1. The Business Preferred® Credit Card from Chase Ink
Our top pick for the greatest small company credit card in general is the Chase Ink company Unlimited® card due to its generous sign-up bonus and straightforward reward system. For each dollar you spend on business transactions, you will receive money back at a set rate of 1.5%, and you may earn as much cash back as you like. Furthermore, after spending $6,000 within the first three months of card ownership, you will earn $750 in reimbursements.
2. Platinum Card® American Express Business
After spending $15,000 on the American Express Business Platinum Card® within the first three months of use, you can get an initial bonus of 120,000 points. Premium travel perks include access to over 1,400 international airport lounges, 5x points per dollar on flights and pre-paid hotel reservations made through Amex Travel, and an annual airline credit of up to $200 for baggage costs. Because of these advantages, it’s perfect for company owners who wish to have a big credit limit and travel frequently for work.
3. Capital On Tap Visa Business Credit Card
The WebBank-issued Capital On Tap Business Credit Card Visa is a great option for business owners that need a high credit limit because it offers a credit limit of up to $50,000. You may also apply for the card as a business owner with fair or ordinary credit, but your creditworthiness will decide your credit limit and annual percentage rate. It is important to remember that cash transfer operations are not allowed.
4. The Mastercard® Bank of America Business Advantage Cash Rewards
The cashback rewards program is one of the primary features of the Bank of America Business Advantage Cash Rewards Mastercard®. Cardholders receive cashback on business expenses, with greater incentives for spending money at restaurants, petrol stations, and office supply stores, among other establishments. For new users, the card also provides a significant welcome bonus. The cashback may be easily redeemed as a statement credit or transferred to a business checking or savings account with Bank of America, offering convenience and flexibility.
5. The Blue Business CashTM Card from American Express
If you want generous credit limits and cash back rewards, the American Express Blue Business CashTM Card is a great option. On all eligible purchases up to $50,000 per calendar year, it offers 2% cash back, with an additional 1% cash back. Without having to redeem, you may automatically save money by receiving cash back as a statement credit. It also gives you greater purchasing power, enabling you to spend beyond your credit limit contingent on your credit score, payment history, credit use, and available funds.
6. Fuel Card for Coast
The software reductions, substantial incentives and rebates, and simplified spend management interface of Coast Fuel Card are advantageous if your business operates small to big fleets. Moreover, it does not need a personal guarantee, therefore you will not be held personally accountable for the financial obligations of your business. There is just a $2 monthly fee for each active card; there is no annual fee.
7. The American Express Business Prime Card from Amazon
Customers of Amazon Prime who own businesses are eligible to apply for the Amazon Business Prime American Express Card. Customers at Whole Foods Market, Amazon, Amazon Business, and AWS can choose between interest-free periods of ninety days and five percent cash back on purchases made in the United States. You receive 1% back after the first $120,000 in purchases made in a calendar year if you would like to receive cash back incentives.
8. Business Cash® from Chase Ink
You may receive up to $25,000 in cash back per account birthday year with this Visa Ink Business Cash® card if your monthly spending involve office supplies, internet, cable, and phone. In addition, it provides 1% cash back on all other transactions and 2% cash back on the first $25,000 spent at restaurants and gas stations. Your points may be redeemed for merchandise, gift cards, cash back, and trips.
9. The Spend Card Emburse
A firm prepaid card called the Emburse Spend Card offers 1% cash back on all purchases, no matter what category they fall under. Since it’s not a loan, there is no need for a personal credit check, and you won’t have to provide a security deposit. Keep in mind that using the card won’t affect your personal credit score or assist you in building company credit.
10. The Business Platinum Card from US Bank
The major news with the U.S. Bank Business Platinum Card* is its promotional APR, which is 0% for the first eighteen billing cycles on purchases and debt transfers. After that, there’s a variable regular APR of 16.99% to 25.99%. There is a balance transfer charge that is equal to the greater of $5 or 3% of each transfer’s amount. The card could be a good fit for firms looking to fund big equipment acquisitions or starting expenses because of the longer intro period.
Frequently Asked Questions (FAQs):
Which business credit card is best for me?
When looking for the right credit card for your small business, take into account the areas in which you often spend your money. Select a card that lets users gain points in these areas if you want to get the most out of it. To determine whether the advantages of the card exceed the drawbacks, you need also consider the costs associated with it against its perks and incentives. Think about whether you need staff members to have cards as well. If this is the case, choose cards with spend management tools, accounting connectivity, and reporting features.
What Is the Use of a Business Credit Card?
Businesses utilize business credit cards for a number of reasons to assist cover costs, manage cash flow, and expedite processes. Here are a few typical applications for company credit cards:
- Buying products and services
- Controlling the flow of funds
- Keeping personal and business spending apart
- establishing a credit history
- Getting advantages and incentives
- Monitoring and reporting on expenses
