Credit Cards Business

A business credit card is not essential, but it is recommended. Whether you’re a brand new small-scale startup or a larger business looking to expand, a business credit card can help you to keep your business spend separate from your personal spend, which will make filing your accounts considerably easier.

Business credit cards also come with a host of benefits tailored specifically toward business. You can also allow them to be used by employees, with limits imposed so that they can only use them in certain ways and with set limits.

We have reviewed the very best business credit cards on the market for 2018 so you can find the best one for you and your business.

3. Chase Ink Business Preferred

Business Credit Cards

This is a rewards credit card created for company bosses who spend a lot of time in the air and spend a lot of money on company essentials. It has a reward scheme that returns 3 points for every $1 you spend up to $150,000 on shipping and handling, travel, media services and advertising, and after this all purchases return 1 point per dollar. These points have a cash value of 1.25 cents when you transfer to an Ultimate Rewards partner and 1 cent when you do not, and you get 80,000 of these points when you signup, which returns a minimum value of $800.

What You Need to Know

  • Annual fee of $95.
  • Points worth at least 1 cent each; can increase to 1.25 through Ultimate Rewards and 1.5 when you transfer to airline or hotel loyalty program.
  • 3 points per $1 spend on many business essentials up to $150,000; 1 point per $1 after that.
  • 80,000 points bonus when you spend $5,000 in first three months.
  • No foreign transaction fees.
  • 17.49% to 22.49% APR.
  • Get employee cards (with set spending limits) at no extra charge.
  • Referral program offers 20,000 points per business referral.

2. Capital One Spark Cash Business Credit Card

Best Business Cards

One of the best business credit cards with the Capital One name, the Spark Cash Business card is a convenient time and money saver and a rewards card as well. You can get 2% cashback on every purchase, with no exceptions, no limit and no catches. It is one of the few cards we have seen with an offer like this, which is why this card stands out and why it is deserving of a place on or list.

You will need to spend close to $5,000 a year on the card to cover the annual fee, which is a bit of a downer and will put many small businesses and start-ups off. But don’t let disappointment get the better of you just yet, because not only do you get a free $500 worth of cashback when you signup, but your first year’s fee is waived, which means you could go a few years without spending a cent and you would still be in the black as far as the rewards vs spend goes.

There is also a Spark Cash Select card that comes with no annual fee and a 0% introductory interest rate (with a lower potential APR overall). However, this card only offers a 1.5% unlimited cashback scheme with a bonus of just $200 following a spend of $3,000 in the first three months. It’s geared towards businesses who spend a little less and want to commit to lower fees.

What You Need to Know

  • $95 annual fee (waived for first year).
  • Unlimited 2% cashback on all purchases—great for big spenders.
  • A $500 one-time cash bonus is paid out to customers who spend more than $4,500 in the first three months.
  • 18.49% variable APR.
  • No transfer fee.
  • Excellent credit needed.

1. Business Platinum Card From American Express

Best Business Credit Cards

As you might have gathered if you have read our previous guides on travel cards and premium credit cards, we have a lot of respect for the AMEX Platinum. It was one of the first true rewards cards and remains one of the very best to this day. There are some great rewards and features, but small-time start-ups will need to weigh these up against the higher costs.

If you travel a lot, it could be well worth it. In fact, even if you travel only a few times a year you may find that the benefits offered by this card are able to offset the high annual fee, especially as you will be offered a high rate of point collection and redemption on all travel purchases, as well as a Global Entry/TSA Recheck reimbursement and a couple hundred dollars to go towards air travel.

If, however, your business is entirely local and doesn’t require you or any of your employees to travel anywhere, then you may want to consider one of the business credit cards mentioned above.

What You Need to Know

  • Annual fee of $450.
  • Points have a high value of 1.35 cents each when redeemed on travel purchases such as flights and transfers.
  • Earn 5 points for every $1 spent on travel with AMEX Travel.
  • Earn 1.5 points for every $1 spent on purchases greater than $5,000 (maximum of 1 million points a year).
  • Earn 1 point for every $1 spent on all other purchases.
  • Gain access to over 1,000 airport VIP lounges.
  • Get perks from Hilton and Starwood VIP programs.
  • Get $200 in air travel credit every year.
  • A reimbursement for the application fee to Global Entry/TSA Precheck.
  • No foreign transaction fees.
  • Concierge service.
  • Employee Cards.
  • Many other membership rewards.

Other Business Reward Credit Cards

Business Reward Credit Cards

The three cards above are what we considered to be the best on the market based on what we believe businesses of all sizes need. However, that’s just our opinion and there are many more great business cards out there. Here are a few more to help you in your research, just make sure you read the terms of each agreement and compare the benefits of each reward program to see which one can help your business the most.

American Airlines AAdvantage Card by CitiBusiness

The AAdvantage card is a business credit card offers by Citi that focuses on American Airlines travel rewards. As well as one “A” too many and a name that will send the perfectionist in you insane, this card provides you with 70,000 air miles when you signup, a $95 annual fee that is waived for the first 12 months, and no foreign transaction fees.

If you travel a lot with American Airlines or plan to do so, then this card could be the perfect option. It is a little more inclusive than the other cards discussed on this list as you really need to fly AA to benefit, but they are the biggest domestic and international airline in the US, so it’s not that difficult to do.

Gold Delta SkyMiles from American Express

Two big names come together for this card as AMEX combine with Delta Airlines, the second biggest domestic airline in the United States, to offer a business reward card that offers you points to redeem on Delta flights, as well as perks like priority boarding, free bag checks, and 20% in-flight savings.

There is a $95 annual fee, but this is waived for the first year and you can pickup 30,000 in free miles when you spend $1,000 in the first three months.

United MileagePlus Explorer

We covered cards by AA and Delta, so it’s only fair that we take a look at the offering from one of the other top US airlines: United. This is a small business credit card that gives you 50,000 free miles when you spend $3,000 in the first month and offers additional perks when you fly with United, as well as an additional 10,000 points when you spend $25,000 over the course of a year.