Most people don’t realize that business credit and personal credit aren’t the same. With a small business credit card, you can set your business up for success by managing expenses and building credit.
We’ve taken the guesswork and stress out of finding the best credit card for small business. The cards in the following article pack thousands of dollars in rewards, bonuses, and useful perks.
Allow us to walk you through this complicated decision. We did the research to make this as convenient as possible.
The Best Credit Card for Small Business
Managing your business’ finances is difficult, especially if you’re a new business owner. Not only do you have to think about expenses for supplies to get started, but you should also be thinking about business checking and savings accounts along with credit cards.
Because all small businesses are built differently, there isn’t a single best credit card for all small business owners. Instead, we broke them up into popular categories.
So, whether you travel often to meet clients and attend conferences or you’re working to repair your damaged credit one of these business credit cards will fit your business’ needs.
To fully reap the benefits each credit card company provides, be sure to pay more than your minimum balance every month.
The Best for Business Travel
On average, about 1.3 million business trips are taken daily in the United States. If you are part of that growing group, you need a credit card that will support and reward your lifestyle while your business grows. The Business Platinum card from American Express is that credit card.
Sign Up Bonus: $750 and up
Annual Fee: $450
Reward Points Breakdown
You will earn 5 points for each dollar you spend booking travel on AmexTravel.com.
Each point is worth $1.35 when they’re used for flights booked through Amex Travel. You can also transfer points to an Amex Membership Rewards travel partner which can increase their value.
You will receive 1.5 points for each dollar spent on purchases $5,000 or more. This can earn you up to 1,000,000 bonus points each year.
All other credit card purchases earn 1 point for each dollar.
- Annual $200 airline credit. This bonus can be used for checking bags, in-flight amenities, seat assignments and many other cool things.
- Access to 1,000+ airport lounges
- Reimbursement for a TSA Precheck application fee
- Unlimited internet access through Boingo on up to 4 devices
- 10 free passes to Gogo
- Upgraded Hilton Honors and Starwood Preferred Guest Gold status
- Business Platinum Travel Service- Platinum travel counselors provide itineraries and recommendations
Best Sign Up Bonus
The Chase Ink Cash card was named “Best Rewards Card for Small Business Owners” in 2017, and with good reason. Cardholders don’t have to jump through hoops to reap the rewards of this card. Bonuses are fueled by regular daily business spending. If you’re a small business owner, this is the credit card for you.
Sign Up Bonus: $500
Annual Fee: $0
Reward Points Breakdown
For the first $25,000 spent at office supply stores and on internet, phone, and cable services, cardholders are given 5 points per dollar. You will also receive 5% cashback for those purchases on your account anniversary each year.
For the first $25,000 spent at gas stations and restaurants you will be given 2 points per dollar spent. You’ll receive 2% cashback for those purchases on your account anniversary each year.
All other purchases qualify for 1 point per dollar.
Each earned point is worth 1 cent each. For example, 10,000 points are equal to $100.
- Credit cards for employees at no additional charge
- $500 cash back if you spend $3,000 within 3 months of opening the account
- 0% APR for the first year of balance transfers and purchases
- Points can be combined with Chase Sapphire Preferred and Ink Preferred cards
Best for Bad Credit
Business credit cards for entrepreneurs with less than stellar credit aren’t easy to find. The BBVA Compass Business Classic card is designed to help you improve your credit score while still paying for business expenses. Powered by Visa, this card is accepted in most places and it works just like a normal credit card.
Sign Up Bonus:$0
Annual Fee: $40
Reward Points Breakdown
You will earn 1 point for each dollar spent. And get double or triple points back in categories you choose yourself each quarter. The customization is done through BBVA Compass Build Your Own Rewards with CompassPoints.
- Free employee credit cards
- Online account services
- The annual fee is waived for the first year
- Credit is secured by your savings account. Your limit is 90% of the balance.
- Save 15% at selected stores when enrolled in Visa SavingsEdge
- Collision, damage, and loss insurance for car rentals
Best Travel Cashback Rewards
If you travel often and enjoy flying with America Airlines, The CitiBusiness/ AAdvantage Platinum Select World Mastercard is your key to several perks and benefits.
Sign up Bonus: $0
Annual Fee: $0 first year $95 after
Cardholders receive 2 AAdvantage miles for every dollar spent on qualifying American Airlines purchases. You will also be awarded 2 AAdvantage miles for every dollar spent on telecommunications, car rentals and gas.
All other purchases will be awarded 1 AAdvantage mile per dollar spent.
- Free checked bags
- Priority boarding
- $99 companion certificate when you spend $30,000 in a year
- 25% off on eligible in-flight food and beverages
Best Payback Incentive
With the American Express Plum card, you will earn a discount from paying your balance early of 1.5%. The discount applied to the part of the balance that’s paid within 10 days of the date your statement closes.
If your balance is $10,000 and you pay it early, your discount will be $150 that month. The discount amount has no limits as long as the payment is made. If you choose not to pay this way, your balance will need to be paid off within 60 days to avoid interest charges.
Sign up Bonus: $0
Annual Fee: $0 first year $250 after
The American Express Plum card doesn’t have a confusing reward point system like most cards do. The rewarding system is built into the monthly payments with early pay discounts or zero interest for 60 days.
If you don’t like tracking points and trying to understand how they convert to dollars, this is an excellent system for you.
- Your spending limit is based on what you spend
- Choice of your own billing cycle
- Free employee cards
- Roadside assistance
- Rental car damage and loss insurance
- Baggage insurance while flying
- Connect to Quickbooks
A Little About Us
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