Whether you run an established small business or work as a freelancer, it’s vital to keep your personal and business finances separate. It can quickly get muddy when you charge your monthly business expenses and drinks with friends to the same credit card.
A business credit card can make your life easier, particularly when you need to file your taxes and could even save you thousands each year. And not only will it make your life easier, but adding a business credit card to your wallet may allow you to earn more cashback and rewards. Most of the cards listed here offer signup bonuses (if you meet the listed qualifications), which can be a very convincing reason to pick up a new card.
Here we’ve compiled a list of the best credit cards for small businesses.
See more of our top credit card recommendations:
If you want a straightforward way to enjoy cashback on your business spending with no tiered systems or complicated terms, then the Spark Cash for Business could be the solution. From paying your employee phone bills to purchasing office supplies, you can earn 2 percent cash back on every purchase.
Capital One also offers a $500 bonus if you spend $4,500 during the first three months. You will also enjoy a $0 annual fee introduction rate for the first year before it increases to $95 per year.
Capital One also provides free employee cards, quarterly and year-end summaries with itemized reports, and no foreign transaction fees. Other bonuses of the Spark Cash for Business include emergency and travel assistance services, extended warranty protection, and auto rental collision damage coverage.
The Spark Cash for Business offers a rewards program with no caps, sign ups, expiration dates, or rotating categories. However, if you spend less than a thousand dollars a month, you may be better suited to a card that doesn’t have an annual fee. While there is the potential to earn more cashback if you tend to spend in one particular category, typically, these cards only offer 1 percent on categories outside these categories. Additionally, these types of cards typically have a spending cap. The Spark Cash for Business card offers double the baseline 1 percent on every purchase with no need to worry about categories and spending caps. This simplifies your spending to keep everything simple.
- 2% cashback on every purchase
- $500 signup bonus
- $95 annual fee (waived for the first year)
- No foreign transaction fees
Like the Cash for Business card above, the Capital One Spark Cash Select for Business offers fantastic simplicity. The benefits are easy to understand, making it simple to take full advantage of the offers. If you don’t do a great deal of traveling, this card can provide a valuable addition to your business finance package.
Although there isn’t a fantastically lucrative intro offer, there is the potential to save hundreds or thousands of dollars. You can enjoy 0 percent on all your purchases during the first nine months, before the rate increases to a variable rate. There is also a $200 bonus if you spend $3,000 in the first three months.
This isn’t as attractive as the Spark Cash for Business, as you receive 1.5 percent cashback, but there is no annual fee. So you don’t need to worry about offsetting an annual fee with your cashback.
You can also request additional cards if you have employees with the authority to purchase on the company credit card with no charge. This means that multiple people can be racking up rewards.
The Spark Cash Select for Business also offers quarterly and year-end summaries, no foreign transaction fees, and free fraud protection. You can also enjoy Visa Business Benefits including travel and emergency assistance, purchase security, extended protection, and auto rental collision damage waiver.
This card is fantastic for new business owners who don’t frequently travel and would prefer a card with no annual fee. You’ll be saving at least $95 per year, and the introductory bonus is easily attainable. Additionally, there is no limit on cashback earnings.
- 1.5% cashback on every purchase
- $200 signup bonus
- No annual fee
- No foreign transaction fees
This is the perfect card for small business owners who occasionally travel, but also want to keep budget in mind. The Spark Miles Select for Business might not be as well-known as other business cards on the market, but if you have a modest monthly budget, this card is an attractive proposition. Unlike many cards, which require thousands of dollars spend to earn rewards or balance the annual fee, there are some distinct perks to the Spark Miles Select for Business.
You can earn 1.5 miles for every dollar, with a 20,000-mile bonus if you spend $3,000 within the first three months. This translates into $200 of travel credit, with no seat restrictions or blackout dates. You can even enjoy free employee cards if needed.
Capital One also offers an introductory rate of 0 percent for the first nine months, travel and emergency assistance, no foreign transaction fees, extended warranty protection, purchase security, and auto rental damage waiver.
The Spark Miles Select for Business is one of the few business travel reward cards with no annual fee. So, you don’t need to offset your rewards against $95 or more per year. Additionally, your bonus miles and rewards don’t expire, and you’re not limited to certain companies. When you do travel, you will have access to the Visa Business Benefits package for complete protection.
- 1.5 miles for every dollar spent
- $200 worth of travel as a signup bonus (20,000 miles)
- No annual fee
The Chase Ink Business Preferred card is a popular choice for good reason. While there is a $95 annual fee, the signup bonus quickly makes up for this modest expense. There are also impressive redemption offers and quick point earning potential. All of these elements can help small business owners enjoy serious savings.
When you spend $5,000 in the first three months of account opening, you’ll receive an 80,000 point bonus, which is worth $1,000 in travel or $800 cash. This is in addition to the 3 points for each dollar spent on travel and selected purchases and 1 point for every dollar on everything else.
You can redeem your points towards hotels, cruises, car rental, and airfares or exchange them for cash transfers or gift cards. You can also transfer your points to participating travel programs with a full one-to-one value. This means that one Ultimate Rewards point offers one partner mile or point.
The Chase Ink Business Preferred offers a great package for the modest annual fee. There is cell phone insurance for your primary phone number and any employee numbers on the same account. Additionally, there are some fantastic business categories that can be beneficial for small business owners, including social media advertising and search engine marketing with a cap of $150,000 annually. However, if the bonus categories don’t fit your business needs, or you’re likely to spend more than the annual $150k threshold, you may prefer a card offering maximum cashback. After the cap, you’ll earn only one point per dollar.
- 3 points per dollar spent on travel and select purchases
- 1 point per dollar on all other purchases
- 80,000 point signup bonus (worth $1,000 in travel or $800 in cash)
- $95 annual fee
If you’re a small business owner who is looking for great rewards for actual business spending, with flexible rewards, no annual fee, and a low APR, then the Chase Ink Business Cash could be just what you’re looking for. New card owners can enjoy 0 percent APR on purchases during the first 12 months, and bonus cashback offers. If you spend $3,000 in the first three months, you’ll receive a $500 cashback bonus.
The Chase Ink Business Cash card offers flexible rewards tracked as points. There is 5 percent cashback on your first $25,000 spent per year in combined purchases of office supplies, and phone and television services. There is also 2 percent cash back on restaurants and gas station purchases up to a $25,000 cap and 1 percent on all other purchases.
Once you reach 2,000 points, they can be redeemed for statement credit or electronic deposit to checking or savings accounts. You can also redeem your points for travel and gift cards, but these redemptions are at a rate of one point per penny. So each 100 points is worth $1. Additionally, there is no expiration on your points, and you can have employee cards at no extra charge.
The Chase Ink Business Cash card can also be managed through the Ink Mobile App, so you can receive instant purchase alerts and avoid unpleasant surprises. This allows you to manage employee spending, which will help you to stay on top of all your business expenses. After the first 12 months, the rate increases, so it is important to properly manage your account and pay off the card each month, or your rewards will be quickly absorbed by the interest charges.
- 5% cashback for office supplies, phone, and TV (capped)
- 2% cashback at restaurants and gas stations (capped)
- 1% cashback on all other purchases
- $500 signup bonus
- No annual fee
The Business Gold Card from American Express is a high rewards charge card that is geared towards small businesses. There are generous perks and Membership Rewards points. You can receive 4 points on two select categories with a $150k cap. This does mean that you need to choose your categories where your business will spend the most every month. You can also enjoy 25% points back after you use points for part or all of an eligible flight booked through Amex Travel, up to a limit of 250,000 points per calendar year.
There is also an introductory offer, where new cardholders can receive 35,000 membership rewards points with $5,000 in eligible purchases during the first three months of membership.
You can redeem your points with over 500 brands or gift cards, and while the $295 annual fee is higher than many business credit cards, this may be offset by the fantastic rewards package (depending on your spending habits).
The Business Gold Card does differ from a conventional credit card. American Express offers a “no pre-set spending limit,” but this doesn’t mean that you have unlimited spending power. Instead, the card adjusts your limit according to your credit record, financial resources, and payment history. This means that you shouldn’t be tempted to roll over balances, accumulating interest.
The Business Gold Card is ideal for your business-related purchases, particularly travel and shipping, but the card is geared towards small businesses that routinely make large purchases. Since this is a charge card, you will need to plan to pay the balance each billing cycle. Other perks include no foreign transaction fees.
- Earn more points on purchases in your choice of categories
- 35,000 membership rewards points in you spend $5,000 in the first 3 months
- No foreign transaction fees
- $295 annual fee
The Spark Miles for Business may not have all the perks of some other business cards, but the simple rewards program is an ideal fit for many small business owners. The enticing welcome bonus allows you to earn 50,000 miles (equal to $500 in travel) if you spend $4,500 in the first three months. There is also unlimited 2x rewards on every purchase, and the miles don’t expire.
The Spark Miles for Business also has an introductory $0 annual fee, which allows you to try out all the features and perks before the $95 annual fee kicks in. Given the easy redemption options and rewards earnings, it should be very simple to offset this fee from the second year onwards.
The most attractive feature of this card is the flexible rewards program. You can log into your account to make travel plans using your points, or you can be reimbursed for previous travel purchases. The additional features include quarterly and year-end summaries, a mobile app to manage your purchases, downloadable purchase records, free employee cards, roadside dispatch, purchase protection, no foreign transaction fees, lost luggage reimbursement and car rental insurance. You’ll also find that there are no airline or seat restrictions or blackout dates to worry about when redeeming your points. However, if you spend less than a thousand dollars a month, you may be better suited to a card with no annual fee.
This card allows small business owners to keep costs under control. You can monitor your business expenses without needing to hold an accounting degree. It is simple to make the most of the flexible redemption program, and the introductory bonus is very generous.
- Earn 2 miles for every dollar spent
- 50,000-mile bonus (worth $500 in travel)
- $95 annual fee
While the Business Platinum Card may not be right for every small business owner, it can be the perfect card for those who travel extensively. It’s important to note that this is a charge card, not a traditional credit card, so you can’t carry a balance from month-to-month. Additionally, there is a $595 annual fee (no cost for additional employee cards). However, those who travel a lot will be able to offset the cost of the annual fee, and then some.
You can earn 75,000 membership rewards points after you spend $15,000 within the first 3 months.
You’ll also earn 5 points per $1 spent on flights and pre-paid hotels on amextravel.com, 1.5 points per dollar on purchases $5,000 or more, and 1 point per $1 on all other purchases.
When you’re traveling, you can use your membership rewards points to pay for a first-class or business-class flight and receive 35% of the points back when you book on amextravel.com. Or when you book a flight in any class with your pre-selected qualifying airline you can also get 35% of your points back. With these offers you can get up to 500,000 points back per year.
Other perks include access to more than 1,000 airport lounges in 500 different airports, complimentary room upgrades, free breakfast, late checkout, free wifi, and more.
The American Express Blue Business Cash Card may be a good fit for small businesses that have low expenses. This card has no annual fee, which is a major perk. Additionally, you’ll earn 2% cashback on all purchases up to $50,000 per year, and 1% cashback on purchases after you’ve spent $50,000.
The lack of an annual fee and high cashback make it an attractive card, but if your business has expenses significantly exceeding $50,000 per year, you could do better with another card.
Currently, there is no welcome bonus offer for this card.
For small businesses just getting started, this may be a solid choice.
- No annual fee
- 2% cashback on spending up to $50,000 per year, 1% cashback on all purchases beyond that.
The right card can be a boon for small business owners. However, the best credit cards for small businesses offer rewards that work with your spending habits. Be sure to take the time to consider your business honestly, so you can choose a card that will offer you the best rewards for your business spending. You will need to think about the bulk of your business spending, whether your spending will be sufficient to offset an annual fee and whether you prefer points, travel rewards, or cash.
The right small business credit card will offer plenty of benefits, perks, and options that will provide rewards for your typical business spending. It will also allow you to separate your business and personal spending to make it easier to monitor your transactions and simplify your accounting. Just be sure to choose a card that offers maximum benefits for your usual business spending. There is no point in choosing a card that requires you to change your spending patterns, or you will not be able to harness the reward potential.