Top 10 Business Credit Cards
Business credit cards are financial tools designed to help companies manage their expenses, streamline purchases, and access revolving lines of credit. These cards typically offer features tailored to business needs, such as higher credit limits, expense tracking, and rewards programs.
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In-depth, business credit cards come with a variety of benefits that can significantly aid in the efficient operation of a company. They often include perks like cashback, travel rewards, and discounts on business-related services such as shipping and office supplies. Expense tracking tools provided by these cards help in simplifying bookkeeping and financial reporting, making it easier to monitor and manage cash flow. Many business credit cards also offer employee cards with spend controls, allowing business owners to delegate purchasing power while maintaining oversight. Additionally, using a business credit card responsibly can help build the company’s credit profile, which is crucial for securing better financing terms in the future. However, it's important to note that these cards can carry higher interest rates and fees compared to personal credit cards, so prudent financial management is essential to avoid accumulating costly debt.
American Express Business Gold CardView AllAmerican Express Business Gold Card - Versatile rewards, bonus points, flexible payments for businesses.
Chase Ink Business PreferredView AllChase Ink Business Preferred - High-reward business credit card with travel points.
Capital One Spark Cash for BusinessView AllCapital One Spark Cash for Business - Unlimited 2% cash back on all business purchases.
American Express Blue Business Cash CardView AllAmerican Express Blue Business Cash Card - Cash back business credit card with no annual fee.
Bank of America Business Advantage Cash RewardsView AllBank of America Business Advantage Cash Rewards - Cash back credit card designed for businesses.
CitiBusiness / AAdvantage Platinum Select MastercardView AllCitiBusiness / AAdvantage Platinum Select Mastercard - Business credit card with AAdvantage miles and travel perks.
Capital One Spark Miles for BusinessView AllCapital One Spark Miles for Business - Business card earning unlimited travel miles with flexible redemption.
U.S. Bank Business Leverage Visa Signature CardView AllU.S. Bank Business Leverage Visa Signature Card - High-reward business card with customizable earning categories.
Wells Fargo Business Platinum Credit CardView AllWells Fargo Business Platinum Credit Card - Flexible reward options, tailored for small businesses.
Top 10 Business Credit Cards
1.
American Express Business Gold Card
The American Express Business Gold Card is a premium business credit card designed for entrepreneurs and small business owners. It offers flexible rewards, earning 4X Membership Rewards points on the two categories where your business spends the most each month, including airfare, advertising, gas stations, and more (up to $150,000 annually). Additional benefits include extended payment terms, no preset spending limit, and valuable tools for managing business expenses, making it a versatile choice for growing businesses.
Pros
Earns Membership Rewards points-
Flexible payment options
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No preset spending limit
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Bonus points on key categories
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Extensive travel benefits.
Cons
High annual fee-
Not universally accepted
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Complex rewards program
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Limited intro offers
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Foreign transaction fees.
2.
Chase Ink Business Preferred
The Chase Ink Business Preferred® Credit Card is a premium business credit card offering robust rewards and benefits. It features 3x points on travel, shipping, internet, cable, phone services, and advertising purchases up to $150,000 annually, and 1x points on other purchases. Cardholders benefit from travel and purchase protections, cell phone insurance, and no foreign transaction fees. The card also includes a substantial sign-up bonus, making it ideal for small business owners seeking versatile rewards and comprehensive benefits.
Pros
- High reward rates
- flexible redemption options
- large sign-up bonus
- cell phone protection
- travel insurance.
Cons
- Annual fee
- high APR
- no intro APR
- limited lounge access
- potential over-limit fees.
3.
Capital One Spark Cash for Business
The Capital One Spark Cash for Business is a credit card designed for business owners, offering unlimited 2% cash back on all purchases with no categories or restrictions. It features a generous sign-up bonus, no foreign transaction fees, and free employee cards. The card comes with a $0 introductory annual fee for the first year, then $95 thereafter. It's an ideal choice for businesses looking to maximize cash back rewards on everyday expenses.
Pros
- Unlimited 2% cash back on all purchases
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No annual fee for the first year
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No foreign transaction fees
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Free employee cards
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Easy cash back redemption.
Cons
- $95 annual fee after the first year
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Requires excellent credit
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No 0% intro APR
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Limited travel benefits
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Cash back redemption options limited.
4.
American Express Blue Business Cash Card
The American Express Blue Business Cash Card is a credit card designed for small business owners, offering 2% cash back on eligible purchases up to $50,000 annually, then 1% thereafter. It features no annual fee, flexible spending capacity, and valuable business tools such as expense management and employee cards. Additionally, it provides benefits like purchase protection, extended warranty, and access to exclusive Amex offers, making it a versatile choice for managing business expenses efficiently.
Pros
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2% cash back
- No annual fee
- Expanded buying power
- Employee cards at no extra cost
- Purchase protection.
Cons
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Foreign transaction fees
- Limited reward categories
- Minimum redemption threshold
- No travel benefits
- Requires good credit.
5.
Bank of America Business Advantage Cash Rewards
The Bank of America Business Advantage Cash Rewards credit card offers flexible cash back options tailored for businesses. Cardholders can earn 3% cash back on a category of their choice, such as gas stations, office supply stores, or travel, 2% at restaurants, and 1% on all other purchases. There's no annual fee, and businesses can benefit from higher cash back rates if they qualify for Preferred Rewards for Business. It's a versatile card designed to optimize business spending.
Pros
- No annual fee
- Customizable rewards categories
- High cashback potential
- 0% intro APR
- Strong online banking tools.
Cons
- Foreign transaction fees
- May require good credit
- Limited travel rewards
- Cashback redemption options limited
- Category selection limits.
6.
CitiBusiness / AAdvantage Platinum Select Mastercard
The CitiBusiness® / AAdvantage® Platinum Select® Mastercard® is a travel rewards credit card tailored for business owners who frequently fly with American Airlines. It offers benefits like earning AAdvantage® miles on purchases, priority boarding, and first checked bag free on domestic American Airlines flights. Additional perks include no foreign transaction fees, access to American Airlines' reduced mileage award program, and complimentary employee cards. Ideal for businesses looking to maximize travel rewards and streamline expenses.
Pros
- Earn American Airlines miles
Free checked bag
Priority boarding
No foreign transaction fees
Companion certificate after spending threshold
Cons
- High annual fee
Limited airline-specific benefits
High APR
Requires good credit
Limited airport lounge access
7.
Capital One Spark Miles for Business
The Capital One Spark Miles for Business is a travel rewards credit card designed for business owners. It offers unlimited 2 miles per dollar on every purchase, with no expiration on miles. Cardholders benefit from a generous sign-up bonus, no foreign transaction fees, and flexible redemption options including travel, cash back, and gift cards. Additional perks include travel and purchase protections, and the ability to transfer miles to various travel loyalty programs. An annual fee applies after the first year.
Pros
- 2x miles on all purchases
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No foreign transaction fees
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50
- 000 miles sign-up bonus
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Flexible redemption options
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Free employee cards.
Cons
- $95 annual fee after the first year
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Limited travel partners
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Requires good to excellent credit
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No introductory APR
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Potential for high APR.
8.
U.S. Bank Business Leverage Visa Signature Card
The U.S. Bank Business Leverage Visa Signature Card is tailored for small business owners seeking to maximize rewards. It offers 2X points per dollar in the top two categories where you spend the most each month, automatically adjusting based on your spending. There are no caps on points earned, and benefits include no annual fee for the first year, Visa Signature advantages, and various business management tools. Ideal for dynamic, versatile business expenses.
Pros
- High rewards rate
- No foreign transaction fees
- Introductory APR on purchases
- Comprehensive travel benefits
- No annual fee for the first year.
Cons
- **High regular APR
- Annual fee after the first year
- Limited redemption options
- Rewards expire
- Requires excellent credit.
9.
Wells Fargo Business Platinum Credit Card
The Wells Fargo Business Platinum Credit Card is designed for small business owners seeking flexible financing options. It offers a competitive APR, no annual fee, and the choice between earning rewards points or cash back on purchases. Cardholders can benefit from expense management tools, zero liability protection, and access to Wells Fargo's online banking services. Additionally, the card provides a welcome bonus after meeting a minimum spending requirement, making it a versatile option for managing business expenses.
Pros
- No annual fee
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Flexible rewards program
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0% introductory APR
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Customizable employee cards
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Robust fraud protection.
Cons
- Limited travel benefits
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High ongoing APR
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Requires excellent credit
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No sign-up bonus
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Limited international acceptance.