Business Credit Cards 5 Best Small Business Credit Cards

If you travel overseas, or regularly make purchases from companies based outside the U.S., you’ll also want to look for a card that does not charge foreign transaction fees. As we’ve mentioned, you need to focus on the costs, rewards and features that are most relevant to your business. How much your card payments will be with a 0% APR depends entirely on which bank issued your card, how much you put on the card and how much you are able to pay. It’s usually made up of the interest and fees that have added up over the past month, plus a small amount of the actual debt, say 1% or 2%. There may also be a minimum dollar amount for each payment, such as $40 (except in cases where the total statement balance is less than that).

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You can earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That’s $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠. This card offers uncapped cash back earning potential, which business owners can then pour back into their enterprises. The United Business Card offers a plethora of travel benefits that will benefit business owners who prefer to fly United — all for a reasonable annual fee. The Blue Business Plus is a great card for small business owners who want to earn lucrative Membership Rewards points on everyday business spending. It was created specifically for sole proprietorships and start-ups with limited revenue who would appreciate a card with an introductory interest rate and expanded buying power.

While this card doesn’t deliver the highest level of rewards, it features no annual fee and has an unlimited 1% cash-back rate with no earning cap. Plus, using this card boosts your business credit score, allowing you to seek more rewarding cards in the future. The best business credit cards offer strong rewards, competitive APRs, and business-related perks like partner discounts or accounting integrations. Each card on this list offers a wide variety of perks and a range of credit score requirements so you can find the best credit card for your small business. In recent years, travel perks from major co-branded credit cards have lost some of their luster as mergers and rewards program rebrands and restructurings have eliminated some of the perks road warriors know and love.

If you have a team, now’s the time to issue employee cards and set spending limits — keeping your expenses organized is way easier than chasing down receipts later. Don’t just pick a card based on an attractive sign-up bonus — think about how well it will serve your business in the long run. Does the rewards structure match how your business spends money consistently? The right business credit card should not only meet your needs today but also provide ongoing value as your company scales. Business credit card applications also ask for your personal information, including your social security number. When you apply for a business credit card, the issuer typically reviews your personal credit history.

Ink Business Preferred® Credit Card

Because the Bank of America Business Advantage Unlimited Cash Rewards Secured is a secured card, the company offers better rewards than some other unsecured cards for bad or fair credit. Since this is a secured card, you will need to put down a $1,000 security deposit to use this card. While a secured card may not be ideal for every business, it’s a great option if you have bad credit and don’t qualify for anything else or are looking to build your credit score. You’ll earn 1x points on all other purchases and on any purchases in these categories over the $150K annual spending cap. However, Chase’s annual fee is still competitive when compared to other cards.

With its flexible rewards, businesses can also redeem them in many ways, including cash back, travel or covering previous travel purchases. In this guide, we’ll explore some of the best small business credit cards for 2024, offering insights on how to choose the right one for your needs and tips for managing your card responsibly. It seems these are standard business credit cards that apply regardless of the size. Eligibility for a small business credit card is easier than you might think. You don’t need to have a big company, and typically don’t even need to be incorporated. A small side business with limited business revenue makes you eligible for a business credit card, which could include selling things on eBay, having a rental property, and freelancing.

If your score dips below 580, though, you may need to apply for a secured business credit card. You can pick your top eligible bonus category with the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card. Better yet, options include a few purchase types you rarely see, like computer services and business consulting services. Customers are allowed to change their preferred bonus category up to once each calendar month for extra flexibility.

• The Capital One Spark Cash Select Card gets you an unlimited 1.5% cash back on all purchases and 5% cash back on hotel and rental car bookings made through Capital One Travel service.
• When choosing the best business credit cards the main criteria in our ranking were the rewards rates and added benefits, such as redemption bonuses, insurance coverage and expense management features.
• Those who want elite-like benefits with United — such as priority boarding and free checked bags — but aren’t willing to shell out for premium cards with lounge access will love this card.
• For the cards that offered a rewards program, we considered consumer spending data forecasts from location intelligence firm Esri to determine where U.S. consumers are spending the most money, like on dining and travel.
• It’s a solid option for established U.S.-based businesses that want a corporate card without a personal guarantee or credit check.
• This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.

These credits can often offset the card’s annual fee, which makes it easier to justify opening a card. Business applications are a bit more complicated than a standard consumer credit card application. Sometimes you may need to send in tax returns or other documents to verify you have a business.

• That’s because if all someone is looking for is a 0% intro APR period, there’s not a lot to debate.
• Choosing the right business credit card isn’t so different from picking the right personal credit card.
• If you didn’t find exactly what you’re looking for, instead consider the best business cards for startups, best business cards for sole proprietors or best business cards for LLCs.
• For companies with moderate spending, the Blue Business Cash offers one of the simplest deals for earning rewards.
• You can also earn credits for qualifying purchases made with ZipRecruiter, Google Workspace, DoorDash, Lyft and Giftcards.com after activation.
• These cards give you access to a line of credit and potentially earn rewards without having to commit to an annual expense just to keep them open.

How to apply for a business credit card

Pay attention to the type of rewards a business card earns and what kinds of purchases qualify. Travel rewards can be more valuable, but it’s often more complicated to redeem them for maximum value. Cashback is preferable if you want a return on your credit card expenses without the hassle. Those who need different bonus categories or who won’t qualify for Preferred Rewards should consider the Ink Business Cash® Credit Card. It best small business credit cards has no annual fee and earns 5% back on the first $25,000 of purchases at office supply stores and on internet, cable and phone services each cardmember year. You’ll also earn 2% back on the first $25,000 of combined purchases at gas stations and restaurants each cardmember year and 1% back on other purchases.

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Choosing the right type of loan can help you take the next big step on your timeline—with the confidence that your financing fits your business goals. For example, with wages still trailing inflation, a side hustle can be an excellent way to boost your income. Bankrate follows a stricteditorial policy, so you can trust that our content is honest and accurate.

The Capital One Spark Cash Select (rates & fees) is more utilitarian than glamorous, but if you’re looking for a dependable cash-back card with no annual fee and no foreign transaction fees, you’ll be satisfied with this choice. The unlimited flat-rate rewards can be redeemed in any amount, with no expiration dates for the life of the account. The Capital One Spark Miles for Business is an excellent option for small business owners who travel frequently. With 2X miles on every purchase and 5X miles on hotel and rental car bookings through Capital One Travel, this card offers fantastic travel rewards without the hassle of tracking categories.

Consider the Ink Business Unlimited® Credit Card if you don’t have qualifying accounts with Bank of America or prefer to earn points in the Chase Ultimate Rewards ecosystem. The Ink Unlimited earns 1.5% back on all purchases, but you can redeem these as transferable Ultimate Rewards points if you have other eligible Chase credit cards, such as the Chase Sapphire Preferred® Card. Business owners who spend in the card’s bonus categories will love its up-to-8% return (based on TPG’s valuations). The Capital One Venture X business card has all the Capital One Venture X Rewards Credit Card has to offer and more.