Top 5 Business Credit Cards for Small Businesses

For small business owners, the right credit card can make all the difference in managing expenses and building credit. With so many options available, it’s important to find a card that offers competitive rewards, flexible payment options, and low fees. Whether you’re just starting out or trying to take your business to the next level, selecting the best business credit card can help you access the funding you need and streamline your financial management. In this article, we’ll take a look at some of the best business credit cards available, including their features and benefits. By understanding your options, you can make an informed choice that supports your business goals and helps you achieve sustainability and growth.

10 Best Business Credit Cards for Small Business 2021

Are you looking for the best business credit card to manage your small business finances? Well, you’re in the right place. We’ve done the research and compiled a list of the 10 best business credit cards for small businesses in 2021.

1. Chase Ink Business CashSM Credit Card

With no annual fee and a generous sign-up bonus, the Chase Ink Business CashSM Credit Card is an excellent choice for small businesses looking for a cash-back rewards program. This card rewards you with 5% cash back on office supply purchases, internet, cable, and phone services. You’ll also earn 2% cash back on gas stations and restaurants, and 1% cash back on all other purchases. Plus, it’s easy to redeem your rewards for statement credit or direct deposit.

2. American Express Blue Business Plus Credit Card

The American Express Blue Business Plus Credit Card offers 2x Membership Rewards points on everyday business purchases, without any annual fee. Additionally, you’ll receive a 0% introductory APR on purchases and balance transfers for the first 12 months. After that, the APR will be a variable 13.24–19.24%.

3. Capital One® Spark® Cash for Business

This card from Capital One is a great option for small businesses looking for a straightforward cash-back rewards program. You’ll earn unlimited 2% cash back on all purchases, with no minimum spending requirements or spending caps. There’s also a $500 cash-back bonus for spending $4,500 on purchases within the first three months of account opening. Plus, there’s no annual fee for the first year, and $95 thereafter.

4. The Business Platinum Card® from American Express

The Business Platinum Card® from American Express is designed for businesses with frequent travel needs. It offers a range of benefits, including 5x Membership Rewards points on flights and prepaid hotels through Amex Travel, access to premium airport lounges, and a complimentary subscription to WeWork. Additionally, you’ll receive a $200 airline fee credit each year and a statement credit for Global Entry or TSA PreCheck.

5. Capital One® Spark® Miles for Business

Another great option from Capital One, this business credit card rewards you with 2x miles for every dollar spent, with no minimum spending requirements or spending caps. You’ll also earn a one-time bonus of 50,000 miles (equal to $500 in travel) for spending $4,500 on purchases within the first three months of account opening. There’s no annual fee for the first year, and $95 thereafter.

6. Ink Business Preferred® Credit Card

This Chase credit card is designed for businesses with significant travel expenses. With the Ink Business Preferred® Credit Card, you’ll earn 3x points per dollar spent on travel, shipping purchases, internet, cable, and phone services, plus advertising purchases made with social media sites and search engines (up to $150,000 combined annually). You’ll also receive a signup bonus of 100,000 points (equal to $1,250 in travel rewards) when you spend $15,000 in the first three months.

7. Bank of America® Business Advantage Cash Rewards Mastercard® credit card

If you’re a Bank of America customer or want to explore a credit card with them, the Business Advantage Cash Rewards Mastercard is an option. This card has no annual fee and rewards you with a 3% cash back on purchases made in categories like office supply stores, gas stations, and restaurants. You’ll also receive 2% cash back on purchases made at wholesale clubs and 1% cash back on all other purchases.

8. Delta SkyMiles® Gold Business American Express Card

This card is designed for businesses with a significant Delta Air Lines presence. The card rewards Delta purchases with 2x miles per dollar spent. All other purchases earn 1x miles per dollar spent. The Delta SkyMiles® Gold Business American Express Card also offers a welcome bonus of 60,000 miles for spending $3,000 in the first three months.

9. Discover it® Business Credit Card

If you’re looking for a business credit card with a cash-back rewards program, the Discover it® Business Credit Card might be right for you. This card rewards you with 1.5% cash back on all purchases, with no spending caps or categories. Plus, Discover will match all of the cash back you’ve earned at the end of your first year. The card also offers a 0% introductory APR on purchases for the first 12 months. After that, the variable APR will be 14.24–22.24%.

10. Wells Fargo Business Secured Credit Card

If your small business needs to rebuild credit, the Wells Fargo Business Secured Credit Card is an excellent option. This card is designed for small businesses that may not qualify for unsecured credit cards. When you open the account, you’ll need to deposit at least $500. Then, you can use the card to make purchases and improve your credit. Wells Fargo will also report your payment history to credit bureaus, so you can improve your business credit score.

Conclusion

Choosing the best credit card for your small business can be a daunting task, but it’s essential to ensure that you’re managing your finances effectively. With this list of the 10 best business credit cards for small businesses in 2021, you’ll be able to find a card that best suits your business needs and helps you earn rewards or build credit. Don’t forget to consider the rewards programs, fees, and APRs before making a final decision.

Top 10 Best Business Credit Cards for Small Businesses

Small businesses are the backbone of any economy, and they require some credit facilities to sustain and grow their operations. Business credit cards are a popular choice for small business owners as they offer several benefits such as cashback, rewards, and travel points. With so many options available in the market, it can be daunting to choose the best business credit card for your small business needs. To make it easy for you, we have compiled a list of the top 10 best business credit cards for small businesses.

1. Chase Ink Business Preferred Credit Card: Best Overall

The Chase Ink Business Preferred Credit Card tops our list as the best credit card for small business owners. It comes with a generous sign-up bonus, rewards program, and a range of travel perks. Additionally, the card offers primary rental car coverage and cell phone protection, making it a solid option for business owners.

2. American Express Blue Business Plus Credit Card: Best for Startups

If you are a new startup, the American Express Blue Business Plus Credit Card is a great option. It has no annual fee, and your business can earn double points on the first $50,000 spent annually. The card offers extended warranty coverage, purchase protection, and car rental loss and damage insurance.

3. Capital One Spark Cash for Business: Best Cashback Offer

If you are looking for a card with great cashback offers, then the Capital One Spark Cash for Business card is worth considering. It provides unlimited 2% cashback on all purchases, which is a great option if your business spends heavily on various business expenses.

4. American Express Gold Business Card: Best for Travel Rewards

The American Express Gold Business Card is a perfect fit for business owners who travel frequently. It offers three times points on airfare, hotels, car rentals, and other travel expenses. You can earn up to 75,000 Membership Rewards points within the first three months of signing up.

5. Bank of America Business Advantage Cash Rewards Mastercard: Best No-Fee Option

The Bank of America Business Advantage Cash Rewards Mastercard is best for small businesses that don’t want to pay any annual fees. It offers cashback on regular business purchases, gas, and office equipment. With no annual fee, the card is an excellent option for businesses trying to minimize expenses.

6. Capital One Spark Classic for Business: Best for Small Credit Score

Does your business have a low credit score? Then the Capital One Spark Classic for Business is the ideal option. It offers businesses with limited credit histories the possibility to earn rewards, such as cash back and travel. However, the rewards offered are limited, and the card has higher interest rates.

7. Discover It Business Card: Best for First-Year Cashback Match

The Discover It Business Card offers great rewards and no annual fee for businesses. It provides 1.5% cashback on all purchases, added to that in the first year your rewards are matched, so that’s up to 3% cashback. The card also offers cashback on office supplies, gas, and dining.

8. American Express Plum Card: Best for Early Payment Discount

The American Express Plum Card is a unique credit card that offers discounts to businesses that pay early. You can get a 1.5% discount on all purchases when paying within ten days of the due date. It’s an excellent option for businesses looking to reduce expenses and keep track of cash flow.

9. Wells Fargo Business Secured Credit Card: Best for Building Credit

If your business has poor credit or no credit, the Wells Fargo Business Secured Credit Card is an ideal option. It gives businesses with limited credit histories the chance to rebuild their credit score. The card offers cashback rewards on qualifying purchases and reports credit activities to the top credit bureaus.

10. Costco Anywhere Visa Business Card: Best for Costco Members

The Costco Anywhere Visa Business Card from Citi is meant for businesses who want to get cashback while shopping at Costco. The card allows businesses to earn up to 4% cashback on eligible gas purchases worldwide, 3% cashback on eligible restaurant and travel purchases, and 2% cashback on all purchases from Costco.

In conclusion, picking the right credit card for your business needs can be a daunting task. We hope this list of the top 10 best business credit cards for small businesses will help you identify the right fit for your specific needs and preferences. Remember to evaluate each card’s fees, interest rates, rewards, and benefits before signing up.

5 Best Business Credit Cards for Small Businesses

As a small business owner, one of the best ways to manage your expenses is to have a business credit card. By using a business credit card, you can easily keep track of your expenses and separate your business and personal finances. Moreover, a business credit card also helps in building and improving your business credit score. Here are the best business credit cards for small businesses:

1. Chase Ink Business Preferred

Chase Ink Business Preferred is a highly recommended business credit card for small business owners. It offers a signup bonus of 100,000 points after spending $15,000 in the first three months. Additionally, it offers three points per dollar spent on travel, shipping, internet, cable, phone, and advertising purchases.

2. American Express Business Platinum Card

The American Express Business Platinum Card is another great option for small business owners. It offers a signup bonus of 85,000 points after spending $15,000 in the first three months. Additionally, it offers five points per dollar spent on flights and prepaid hotels. The card also comes with various other benefits such as access to airport lounges, concierge services, and more.

3. Capital One Spark Cash for Business

Capital One Spark Cash for Business is ideal for small businesses that need a simple cash back option. It offers a flat 2% cashback on all purchases, with no annual fee for the first year. Moreover, it offers a signup bonus of up to $2,000, which is rare for a cashback credit card.

4. Bank of America Business Advantage Cash Rewards

Bank of America Business Advantage Cash Rewards is another cashback credit card that is preferred by small business owners. It offers a flat 3% cashback on purchases made on gas stations, office supply stores, and more. Additionally, it offers a signup bonus of $300 after spending $3,000 in the first 90 days.

5. The Business Platinum Card from American Express

The Business Platinum Card from American Express is a premium credit card that offers various exclusive benefits for small business owners. It offers a signup bonus of 75,000 points after spending $15,000 in the first three months. Additionally, it offers five points per dollar spent on flights and prepaid hotels. The card also comes with a $200 airline fee credit, access to airport lounges, and much more.

Credit Card Signup Bonus Cashback Annual Fee
Chase Ink Business Preferred 100,000 points 3 points per dollar spent on certain categories $95
American Express Business Platinum Card 85,000 points 5 points per dollar spent on flights and prepaid hotels $595
Capital One Spark Cash for Business Up to $2,000 Flat 2% cashback on all purchases $0 for the first year, $95 after
Bank of America Business Advantage Cash Rewards $300 Flat 3% cashback on certain categories $0
The Business Platinum Card from American Express 75,000 points 5 points per dollar spent on flights and prepaid hotels $595

In conclusion, having a business credit card can help you manage your expenses, separate your personal and business finances, and build your business credit score. Choose a business credit card that best suits your business needs and offers the most benefits. The above-listed credit cards are some of the best business credit cards available in the market for small businesses.

Here are some relevant links for the article about “best business credit card for small business”:

– Learn about the different features of the top business credit cards with Teknopil’s top business credit cards article.
– Looking for a business credit card with cash back rewards? Check out Teknopil’s list of business credit cards with cash back rewards.
– If you want a low APR business credit card, Teknopil’s top low APR business credit cards article has got you covered.
– For small business owners who prefer a credit card without an annual fee, take a look at Teknopil’s top business credit cards with no annual fee.
– Get a more in-depth analysis of the best business credit cards for specific industries in Teknopil’s article on the topic.

Top 10 Pros and Cons of Using a Business Credit Card for Your Small Business

Using a business credit card can have many benefits for small businesses. However, it’s also important to weigh the potential drawbacks before deciding to use one. Below are some of the top pros and cons of using a business credit card for your small business.

Pros:

1. Building Business Credit

Using a business credit card responsibly can help you build business credit, which can make it easier to secure business loans and other funding sources in the future. Plus, having good credit can also help you negotiate better terms with suppliers.

2. Rewards and Perks

Many business credit cards come with rewards and perks such as cashback, travel rewards, and discounts for office supplies and other business-related expenses. These rewards can help offset the cost of using a credit card for your business expenses.

3. Separating Business and Personal Expenses

Using a separate credit card for business expenses can make it easier to track expenses and separate them from personal expenses. This can save time and money when it comes to bookkeeping and preparing taxes.

4. Employee Spending Controls

Business credit cards can also allow small business owners to set spending limits on employee cards, as well as track employee spending. This can help prevent overspending and reduce the risk of fraud.

5. Convenience and Flexibility

Having a business credit card can provide flexibility and convenience for small business owners. With the ability to make purchases online and track expenses in real-time, business owners can manage their finances more efficiently.

Cons:

6. High Interest Rates

Business credit cards typically have higher interest rates than personal credit cards, which can cost small business owners more in interest charges if they carry a balance.

7. Potential Fees

Business credit cards can also come with a variety of fees such as an annual fee, late payment fees, and cash advance fees. These fees can add up and increase the cost of using a credit card for your business expenses.

8. Credit Score Impact

Using a business credit card can impact your personal credit score if you don’t pay your bills on time or carry a high balance. This can affect your ability to secure personal loans or credit in the future.

9. Overspending

Small business owners who are not careful with their business credit card usage can easily overspend and rack up debt. This can lead to financial instability and hardship for the business.

10. Personal Liability

Some business credit cards require a personal guarantee, which means that the small business owner is personally liable for any debts incurred on the card. This can put personal assets at risk and should be carefully considered before applying for a business credit card.

In conclusion, using a business credit card for small business expenses can have many benefits, but it’s important to carefully consider the potential drawbacks as well. Small business owners should weigh the pros and cons before deciding whether a business credit card is the right choice for their business.

Thank You for Reading!

We hope this article helped you find the best business credit card for your small business. Remember, it’s important to choose a card that fits your specific needs and offers the most rewards and benefits. Don’t forget to compare different options and read the fine print before making a decision. Also, keep checking back for more informative articles about small business finance and management. Thanks for stopping by and we hope to see you again soon!

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