Below you’ll find our picks for the best business credit cards, specifically small business credit cards. There are two types of business credit card: corporate credit cards for large businesses and small business credit cards for businesses that can vary in size from 100 employees to a sole proprietor working from home.
Let’s get to our small business rankings…
SMALL BUSINESS CREDIT CARDS:
Chase Ink Business Preferred – Our favorite small business card comes with a $95 annual fee but plenty of perks, especially for businesses that will use this card often. First, you’re going to earn 80,000 points as a one-time bonus if you spend at least $5000 with this card in the first three months after opening the card account. That’s worth at least $800 if you exchange it for cash, but it also could be worth $1000 if you use it toward travel within the Chase Ultimate Rewards travel portal. (Chase gives your points a 25% boost when you use your points earned with this card in their travel portal.)
The everyday rewards are good here, too: 3 points per dollar on the first $150,000 spent yearly in combined purchases of travel, shipping, Internet service, cable service, phone service, and on advertising purchases made with social media sites and search engines. (You’ll get 1 point per dollar on everything else you buy with this card.)
In our book, Chase also has the best travel transfer partners, which also enhances this card’s value. You can transfer the points you earn on this card on a 1-to-1 basis with airline and hotel programs including United, Southwest, Marriott, Hyatt and more.
The card also has no foreign transaction fees on purchases made with the card outside of the United States. (Many cards charge 3% on foreign transactions.)
Capital One Spark Cash Business Card – If you want a nice rebate on your business purchases without thinking too hard, this card gives you a simple 2% cash back on every purchase you make with the card. You can also earn a $500 bonus if you spend at least $5000 with the card in the first three months after you are approved for the card, and an additional $1500 if you spend $50,000 within the first 6 months. This card has no annual fee in the first year of having it, but then a $95 annual fee every year after. (If your business will spend less than $20,000 with this card per year, you’d be better off with Capital One’s no-annual-fee 1.5%-rebate Spark Cash Select version of this card after that first year, unless of course you can hit the new cardholder bonuses on this card.)
Bank of America Business Cash Rewards Mastercard – Offers cash back on your business purchases. You get 3% cash back in purchases in one category of your choosing, from a category list including: gas stations, office supply stores, travel, TV/telecom & wireless, computer services or business consulting services. (Note that you can change that 3% category every month to take advantage of different types of spending your business might do.) You also get 2% cash back on dining purchases and 1% cash back on everything else. You’ll get a bonus $300 statement credit if you spend at least $3000 with this card in the first three months. No annual fee. (Note that the 3% and 2% rebate categories are good for up to $50,000 in combined purchases in those categories per year. After $50K, you’d earn 1% on all purchases.)
Ink Cash Business Card from Chase – Cash rewards business credit card offers 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services, as well as 2% cash back on the first $25,000 spent annually at gas stations and restaurants, and 1% cash back on everything else you buy with the card. Earn a 4500 cash bonus if you spend $3000 with the card in the first 3 months after opening the account. No annual fee.
U.S. Bank Business Cash Rewards MasterCard – Get a 3% rebate on cellular services, office supply purchases, and gas, and 1% back on everything else, then get a once-per-year bonus of 25% of the previous year’s rebates.
- PNC Cash Rewards Business Visa – Small business credit card gives you 1.5% cash back on all your card purchases. Redeem your rebate as statement credit or plunk it into your PNC checking or savings account.
- Wells Fargo Business Platinum Credit Card – Business rewards credit card offers you the choice of 1.5% cash back or a points program that gives 1 point per dollar charged to the card.
- CitiBusiness AAdvantage MasterCard – Business credit card affiliated with the American Airlines frequent flyer program. Earn 2 AA miles per dollar on American Airlines purchases as well as purchases at telecommunications merchants, cable and satellite providers, car rental merchants and at gas stations. One point per dollar on any other purchases. Additional perks include Group 1 boarding, first bag checked free, and 25% off in-flight purchases when traveling on American. Note that this card has a $99 annual fee, though the first year is free.
- TD Bank Business Solutions Visa – Small business credit card offers these rewards: 3% cash back on phone, Internet, and cable services; 2% cash back on dining and gas station purchases; and 1% cash back on everything else.
- Lowe’s Business Rewards American Express Card – If you’re a contractor or have other need to shop at Lowe’s on a regular basis, this card may be for you. First off, you get 5% off your Lowe’s purchases with the card. In addition, you earn points on your purchases that can be redeemed for Lowe’s gift cards or Amex gift cards. Get 3 points per dollar on purchases at restaurants, office supply stores, and from wireless carriers, 2 points per dollar on all Lowe’s purchases, and 1 point per dollar on all other card purchases. No annual fee.
- Bank of America Platinum Visa Business Card – No frills business credit card offers an interest rate as low as 11.74%, though you could be approved at a rate as high as 22.74% if your credit is not-so-excellent. No annual fee. Offers a 0% interest rate on purchases for the first 7 months.
- Sam’s Club Business Mastercard – Get 5% back on gas purchases (on first $6,000 in gas per year; 1% back after that), 3% cash back on dining and travel purchases, and 1% cash back on everything else. (There is also a Sam’s Club business card that offers no cash back — you might be approved for that card instead of the MasterCard if your credit history is not good enough.)
- Southwest Rapid Rewards Premier Business Credit Card – Earn 2 Rapid Rewards points per dollar on Southwest flights as well as with partner travel companies, and earn 1 point per dollar on all other purchases. Annual fee of $99. (There is also a $199 annual fee Performance Business card with greater rewards and perks.)
CORPORATE CREDIT CARDS:
- American Express Corporate Cards – For larger companies that want multiple credit cards for use by key employees, American Express has a whole division dedicated to serving you. An array of cards is offered with various benefits and rewards, including travel and baggage insurance, concierge services, travel services, and more. As mentioned above, corporate cards are issued to the company as a whole, so there is not personal liability for the debt, unlike most small business cards. However, getting approved for a corporate business credit card is more difficult and more involved that getting a small business card.
- Bank of America Corporate Credit Cards – Bank of America offers a range of corporate cards. Click through to see a brief summary of each and to contact a client relationship manager to set up a corporate card program for your company.
- Capital One Corporate Credit Cards – Offers two commercial card options — earn up to 1.5% in rebates on corporate purchases.
- Citi Commercial Cards – Offers a corporate credit card program, and emphasizes its ability to issue cards worldwide.
- J.P. Morgan Chase Commercial Credit Cards – Offers a number of corporate cards tailored to specific types and/or volumes of card purchases.