The Best Business Credit Cards for Small Businesses
By Article Posted by Staff Contributor
The estimated reading time for this post is 307 seconds
Business credit cards have become popular for small business owners who want to separate their personal and business expenses or establish business credit. These cards typically offer rewards and perks that can help offset business expenses and generate additional revenue.
However, with so many business credit cards on the market, it can be challenging to choose the right one. This article will provide a comprehensive guide to the best business credit cards for small businesses, including their benefits and drawbacks.
-
Chase Ink Business Preferred
The Chase Ink Business Preferred is widely regarded as one of the best business credit cards on the market. It offers a generous signup bonus of 100,000 points after you spend $15,000 in the first three months. These points can be redeemed for cash, travel, or gift cards.
The card also offers excellent ongoing rewards, including 3 points per dollar on travel, shipping purchases, internet, cable, and phone services, and advertising purchases on social media and search engines (up to $150,000 in combined purchases annually). All other purchases earn one point per dollar. The card has an annual fee of $95, which is waived for the first year.
The Chase Ink Business Preferred also offers a range of benefits, including trip cancellation insurance, cell phone protection, and extended warranty protection.
-
American Express Business Gold Card
The American Express Business Gold Card is another popular business credit card. It offers a signup bonus of 70,000 Membership Rewards points after you spend $10,000 in the first three months. The points can be redeemed for travel, gift cards, or merchandise.
The card also offers excellent rewards on business expenses, including 4 points per dollar on the two select categories where you spend the most each billing cycle (up to $150,000 in combined purchases annually), and one point per dollar on all other purchases. The card has an annual fee of $295, which may be a bit steep for some businesses.
The American Express Business Gold Card also comes with a range of benefits, including car rental loss and damage insurance, baggage insurance, and purchase protection.
-
Capital One Spark Cash for Business
If you prefer cashback rewards, the Capital One Spark Cash for Business card is an excellent choice. It offers an unlimited 2% cashback on all purchases, which can add up quickly for businesses with high expenses.
The card also comes with a generous signup bonus of $500 cashback after you spend $4,500 in the first three months. The annual fee is $95, which is waived for the first year.
The Capital One Spark Cash for Business also offers a range of benefits, including travel accident insurance, purchase security, and extended warranty protection.
-
American Express Blue Business Cash Card
The American Express Blue Business Cash Card is another cashback card that offers an unlimited 2% cashback on all purchases. The card has no annual fee, making it an excellent option for small businesses on a budget.
The card also offers a signup bonus of $250 cashback after you spend $3,000 in the first three months. The card also offers benefits like car rental loss and damage insurance, purchase protection, and extended warranty protection.
-
Bank of America Business Advantage Cash Rewards Mastercard
The Bank of America Business Advantage Cash Rewards Mastercard is an excellent option for small businesses with lower expenses. It offers 3% cashback on purchases at gas stations and office supply stores, 2% cashback on purchases at restaurants, and 1% cashback on all other purchases.
The card also comes with a signup bonus of $300 cashback after you spend $3,000 in the first 90 days. The card has no annual fee, making it an affordable option for small businesses.
The Bank of America Business Advantage Cash Rewards Mastercard also offers a range of benefits, including travel and emergency assistance, purchase protection, and extended warranty protection.
-
CitiBusiness/AAdvantage Platinum Select Mastercard
If your business requires a lot of air travel, the CitiBusiness/AAdvantage Platinum Select Mastercard is an excellent option. The card offers 2 miles per dollar on American Airlines purchases, as well as 2 miles per dollar on purchases at gas stations and select office supply stores. All other purchases earn one mile per dollar.
The card also offers a signup bonus of 70,000 American Airlines AAdvantage bonus miles after you spend $4,000 in the first four months. The annual fee is $99, which is waived for the first year.
The CitiBusiness/AAdvantage Platinum Select Mastercard also offers a range of benefits, including travel accident insurance, trip cancellation and interruption protection, and baggage delay insurance.
-
U.S. Bank Business Leverage Visa Signature Card
The U.S. Bank Business Leverage Visa Signature Card offers a unique rewards program that allows you to earn more points on the categories where you spend the most each month.
The card offers 2 points per dollar on purchases in the two categories where you spend the most each billing cycle (up to $50,000 in combined purchases annually), as well as 1 point per dollar on all other purchases.
The card also comes with a signup bonus of 75,000 bonus points after you spend $7,500 in the first four months. The annual fee is $95, which is waived for the first year.
The U.S. Bank Business Leverage Visa Signature Card also offers a range of benefits, including travel and emergency assistance, purchase security, and extended warranty protection.
Conclusion
Choosing the right business credit card can help you save money and earn rewards on your business expenses. Each of the above cards offers unique benefits and rewards, so it’s essential to consider your business’s specific needs before choosing a card.
For businesses with high expenses and significant travel, the Chase Ink Business Preferred and American Express Business Gold Card are excellent choices.
For businesses that prefer cashback rewards, the Capital One Spark Cash for Business and American Express Blue Business Cash Card are great options.
Small businesses with lower expenses can benefit from the Bank of America Business Advantage Cash Rewards Mastercard or the U.S. Bank Business Leverage Visa Signature Card. And for businesses that require a lot of air travel, the CitiBusiness/AAdvantage Platinum Select Mastercard is an excellent choice.
No matter which card you choose, be sure to use it responsibly and pay your balance in full each month to avoid high-interest charges and fees.
RELATED ARTICLES
How to Finance a Motorcycle
The estimated reading time for this post is 440 seconds Picture this: the wind rushing through your hair, the thrill of the open road, and the freedom to explore new horizons. Owning a motorcycle can be a life-changing experience, but...
Financing a Fixer-Upper Home
The estimated reading time for this post is 658 seconds Introduction A fixer-upper property is undeniably captivating. The charm of restoring a neglected house to its former glory or customizing a home to suit your unique tastes is a dream...
1 Comment
Leave Comment
Cancel reply
How to Finance a Motorcycle
Can You Finance Closing Costs?
Financing a Fixer-Upper Home
Gig Economy
Personal Finance / Jun 05, 2023
How to Finance a Motorcycle
The estimated reading time for this post is 440 seconds Picture this: the wind rushing through your hair, the thrill of the open road, and the...
By Article Posted by Staff Contributor
Personal Finance / Jun 03, 2023
Can You Finance Closing Costs?
The estimated reading time for this post is 631 seconds Closing costs are unavoidable in home-buying, adding a significant financial burden to an already expensive transaction....
By Article Posted by Staff Contributor
Personal Finance / Jun 02, 2023
Financing a Fixer-Upper Home
The estimated reading time for this post is 658 seconds Introduction A fixer-upper property is undeniably captivating. The charm of restoring a neglected house to its...
By MacKenzy Pierre
Personal Finance / Jun 01, 2023
Financing Mobile, Manufactured, and Modular Homes
The estimated reading time for this post is 618 seconds Mobile, manufactured, and modular homes have become affordable alternatives to traditional housing options. These types of...
By Article Posted by Staff Contributor
Personal Finance / May 31, 2023
Can You Trade-in a Financed Car?
The estimated reading time for this post is 341 seconds If you find yourself in a situation where you still owe money on your car but...
By Article Posted by Staff Contributor
Credit Cards / May 29, 2023
Calculate Finance Charges on Credit Debts, Auto Loans, and Mortgages
The estimated reading time for this post is 591 seconds Introduction: When managing personal finances, it’s crucial to clearly understand the various charges and fees associated...
By Article Posted by Staff Contributor
Personal Finance / May 29, 2023
Financing a Pool: Exploring Options for Your Backyard Oasis
The estimated reading time for this post is 329 seconds A swimming pool can be a fantastic addition to any home, offering a refreshing escape from...
By Article Posted by Staff Contributor
Personal Finance / May 27, 2023
Land Loans: Everything You Need to Know
The estimated reading time for this post is 388 seconds Acquiring land can be an important step towards achieving your real estate goals, whether for building...
By Article Posted by Staff Contributor
Personal Finance / May 27, 2023
How to Finance a Boat
The estimated reading time for this post is 281 seconds Owning a boat is a dream for many water enthusiasts, but the cost of purchasing one...
By Article Posted by Staff Contributor
Business / May 25, 2023
The 15 Most Profitable Businesses: Exploring Opportunities and Market Trends
The estimated reading time for this post is 425 seconds Introduction: Starting a profitable business is a dream for many entrepreneurs. To maximize success, it’s crucial...
By Article Posted by Staff Contributor
Latest Reviews
Personal Finance / Jun 05, 2023
How to Finance a Motorcycle
The estimated reading time for this post is 440 seconds Picture this: the wind rushing...
Personal Finance / Jun 03, 2023
Can You Finance Closing Costs?
The estimated reading time for this post is 631 seconds Closing costs are unavoidable in...
Personal Finance / Jun 02, 2023
Financing a Fixer-Upper Home
The estimated reading time for this post is 658 seconds Introduction A fixer-upper property is...
Pingback: Business Credit Cards vs. Personal Credit Cards - Credit Cards