Best Business Credit Cards

Reading time: 6 minutes

6 minutes read

Category: Credit Cards
Posted on: 03/11/2021
a fashion designer working with an assistant on her collection

Choosing a business credit card is overwhelming for many business owners and entrepreneurs. With so much fine print, it is difficult to determine the right card for a company. Instead of spending hours upon hours searching for a business card, look at the best credit cards for different types of businesses. Then choose the card that fits your business style and needs. 

Chase Ink Business Cash Credit Card – Best for Big Spenders 

The Chase Ink Business Cash Credit Card makes spending money a rewarding experience. Business owners that spend money at office supply stores and on internet, phone, and cable services earn 5 percent cashback for the first $25,000 spent. This offer resets each anniversary year. Businesses also earn 2 percent cash back each anniversary year for the first $25,000 spent at restaurants and gas stations. Also, Chase rewards cardholders with 1 percent cash back on all other purchases with no limit.

The card doesn't charge interest for the first 12 months. After the introductory period, business owners are charged a variable APR of 13.24–19.24 percent. There is no annual fee for the card, and there's currently a $750 cashback offer for new cardmembers. 

United Business Card – Best for Frequent Flyers

Businesses with executives and employees who spend lots of time flying benefit from the United Business Card. Cardholders earn 60,000 bonus miles if they spend $3,000 within three months of opening the account. They can also earn an additional 50,000 bonus miles by spending $25,000 within the first six months of opening the account.

Cardholders also earn two miles for every $1 they spend on local transit and commuting, at gas stations, restaurants, and office supply stores. They earn one mile for every $1 they spend on all other purchases.

This card has other perks for business travelers, including priority boarding and a free checked bag. There are no blackout dates or foreign travel transaction fees, but cardholders have to pay a $99 annual fee (waived for the first year). There is also a United Club version of this card with slightly different perks, including a United Club membership. 

The American Express Business Platinum Card – The Best for Luxury

Businesses that want to provide a luxurious experience for travelers should consider the American Express Business Platinum Card. Cardholders receive a 35 percent Airline Bonus when paying for fares with points and can skip the lines with the fee reimbursement for TSA PreCheck or Global Entry. Once passengers make it through security, they can relax in an American Express lounge. During the flight, the credits can be used for entertainment, food, and drinks. Upon landing, cardholders enjoy perks at Fine Hotels + Resorts® and status at Marriott and Hilton hotels. The elite status grants cardholders perks like late checkouts, free breakfasts, and upgrades when available. 

There are no foreign transaction fees, and the Pay Over Time APR is currently between 14.24 and 22.24 percent. This card also allows members to earn points for flights and hotel stays. Plus, it has an airline bonus and offers up to $200 in statement credits each year when buying items from Dell. 

It does cost to enjoy all these luxurious amenities: the annual fee is $595.

Marriott Bonvoy Business American Express Card – Best for Hotels

Business travelers often spend lots of time in hotels. Make that experience more affordable and enjoyable with the Marriott Bonvoy Business American Express Card. Cardholders get a free overnight stay at a hotel once each year and complimentary Silver Elite status. They can also get an additional night by spending $60,000 a year. The card also makes it easy to earn points. Cardholders earn six points for every dollar they spend at Marriott Bonvoy hotels. They also earn four points when they spend money at gas stations and restaurants and for cell phone service. Two points are earned for all other eligible purchases. Furthermore, cardholders can earn 75,000 points if they spend $3,000 within the first three months. Points can be used at Marriott Bonvoy hotels and on flights and rental cars. 

Cardholders have a variable APR of 15.74 to 24.74 percent, and there are no foreign transaction fees for purchases abroad. The annual fee is $125.

Capital One Spark Classic for Business – Best for Fair Credit

Securing a top credit card with fair credit isn't easy for businesses. Fortunately, they can get the Capital One Spark Classic for Business. Those with credit scores in the 630-689 range are a good fit for this credit card. This card helps businesses build their credit while also offering 1 percent cashback for all purchases. Employers can provide their employees with cards at no additional charge, and roadside assistance is included for emergencies. There is no annual fee or foreign transaction fees. The card has a variable APR of 26.99 percent.

Brex Corporate Card for Startups – Best for Entrepreneurs 

Obtaining credit as a startup can seem impossible. Most credit card companies require entrepreneurs to personally guarantee the debt. This is stressful, to stay the least. The Brex Corporate Card for Startups does not require a personal guarantee and doesn't evaluate the entrepreneur's finances when determining creditworthiness. Brex bases credit decisions on the company's financial health. 

Cardholders earn:

  • 7x points on rideshares
  • 4x points on Brex travel
  • 3x points on restaurants and eligible Apple products
  • 2x points on recurring software
  • 1x points on all other expenditures

Points can be used in the Brex Travel Portal. Cardholders can also use the points to receive statement credits. 

The card does not charge an annual fee, and the spending limits are often up to 20 times that of other cards. There is a catch, though: the balance must be paid in full every month. Business owners who are just starting out and need a charge card's flexibility but can pay the balance off monthly are a good fit for this option. Also, this card helps business owners build credit profiles. The payment information is sent to Experian and Dun & Bradstreet. Entrepreneurs can begin with this card, and after they build a credit profile, they can switch to a more traditional option. 

Choosing a Credit Card

Choosing the right credit card is essential for business owners. The right credit card provides businesses with flexibility while saving them money. Each of the top credit cards offers something unique for business owners and employees. Look at the offerings and make a decision. Then provide your employees with credit cards as needed, so your business can earn lots of points. 

Finance Guru

Finance Guru