8 Best Credit Cards For Business Owners
“Best credit cards for business owners”
Choosing the best credit cards for small business or large business depends on a number of factors, including how often you travel, what kinds of purchases you make with it, and whether you use it to wine and dine clients and other stakeholders.
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Which Card Suits Your Small/Large Businesses?
The one thing every good business card has in common is that the money you spend on it is returned in the form of points, perks and rewards – and the more, the better.
Keep reading to discover the best credit cards for business owners out there right now, and how they can work for you. Offers and annual percentage rates (APRs) are current and are subject to change at any time.
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8 Best Credit Cards For Business Owners
1. Marriott Bonvoy Business® American Express® Card Reward
•Best For: Points for business travel
•APR: 18.74% – 27.74% Variable
•Key Rewards: 75,000 bonus points after you use your new card to make $3,000 in eligible purchases within the first three months of card membership; 6x points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy program.
The Marriott Bonvoy Business® American Express® Card is considered one of the best credit cards for business owners. It has plenty of compelling benefits around bonus points, cash back and rewards. It’s especially great for businesspeople who spend a lot of time on the road because of the points you can build up at participating hotels, restaurants and gas stations. There is a $125 annual fee, and you’ll need good/excellent credit to qualify for the card.
Take your business further with this card that’s packed with features like 75,000 bonus points after you use your new card to make $3,000 in eligible purchases within the first three months of card membership, 6X points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy program, 4X points at restaurants worldwide and at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers, and on U.S. purchases for shipping, 2X points on other purchases, and one Free Night Award every year after your card renewal month.
2. Ink Business Unlimited Credit Card (from Chase)
•Best For: Cash back rewards
•APR: 0% introductory APR for 12 months from account opening on purchases; after that, 16.24% – 22.24% variable
•Key Rewards: $750 bonus cash back after you spend $7,500 on purchases in the first three months after account opening.; unlimited 1.5% cash back rewards on every purchase made for your business.
As one of the best credit cards for business owners, the introductory APR of 0% should attract customers who want a new card that is interest-free for 12 months, followed by a 16.24% – 22.24% variable APR. You can get unlimited 1.5% cash back rewards on every purchase made for your business, and can redeem the rewards for cash, gift cards, travel and more. There’s also no annual fee.
Employee cards are available at no additional cost. With employee cards, you can set individual spending limits and earn rewards even faster. The Ink Business Unlimited Credit Card also comes with fraud protection, purchase protection and personalized account alerts.
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3. Ink Business Premier (from Chase)
•Best For: Unlimited cash back on all purchases
•APR: 17.24% – 25.24% variable
•Key Rewards: Unlimited 2% cash back on every purchase; unlimited 5% cash back on travel purchased through Chase Ultimate Rewards; unlimited 2.5% cash back on large purchases.
The Ink Business Premier card is one of the best credit cards for business owners and Chase’s newest offerings. There is a $195 annual fee, but the card offers plenty of cash back and points options.
You can use your points to pay for your business purchases at Amazon.com or PayPal. You can also use them to book your next business trip – including flights, hotels and car rentals. Points can be redeemed for gift cards at more than 175 brands.
4. Capital One Spark Cash Plus
•Best For: Cash bonuses and cash back
•APR: No APR — balance is due in full every month or a 2.99% monthly late fee is charged
•Key Rewards: Unlimited 2% cash back on every purchase; unlimited 5% cash back on hotels and rental cars booked through Capital One Travel; up to $1,000 cash bonus in the first six months.
This card is unique in that the balance is due in full every month, so there is no interest charged. If you don’t pay on time, however, you face a monthly late fee of 2.99% of the balance. There is also a $150 annual fee.
The card offers businesses a lot of flexibility on how and when to pay. You can pick your own monthly due date and also set up autopay so you don’t have to sign into your account every month.
5. Blue Business® Plus Credit Card from American Express
•Best For: Reward points on eligible purchases
•APR: 0% introductory APR on purchases for 12 months from the date of account opening; after that 16.24% – 24.24% variable
•Key Rewards: 2X points on everyday eligible business purchases up to $50,000 per calendar year; 1X points on all other eligible purchases after the first $50,000 spent on your Blue Business Plus Card.
There is no annual fee for this card, and you can get 0% APR for the first year after opening an account, followed by 16.24% – 24.24% variable APR, so it’s a cheap way to establish a new business credit card. For the best credit cards for small business owners, you need to consider this card. You also can earn 15,000 Membership Rewards points after you spend $3,000 in eligible purchases on the card within your first three months of card membership.
In addition, the Blue Business Plus Credit Card lets you spend beyond your credit limit in case there is some essential purchase you need to make to grow your business. While you don’t get unlimited credit, the limit adjusts with your use of the card, payment history, credit record, financial resources and other factors.
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6. Bank of America Business Advantage Customized Cash Rewards Mastercard
•Best For: Large selection of cash-back categories and options
•APR: 0% introductory APR on purchases for the first nine billing cycles; after that 15.24% – 25.24% variable
•Key Rewards: 3% cash back in the category of your choice; 2% cash back on dining purchases; unlimited 1% cash back on all other purchases; 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
This card provides numerous cash-back options that also provide the flexibility to choose your own spending category. When the 0% introductory APR offer ends after nine billing cycles, the APR ranges as low as 15.24% – 25.24% variable — the lowest of all the cards listed here.
The Business Advantage Customized Cash Rewards Mastercard has no annual fee, and you can link it to your business checking account to help prevent declined purchases, returned checks or other overdrafts.
7. American Express® Gold
•Best For: Card Airline flight bonuses
•APR: 15.74%-23.74% variable
•Key Rewards: 4X points on top two business categories where your business spent the most each billing cycle; 1X points on other select purchases made using your Business Gold Card; 25% airline bonus on flights when you book with Amex Travel using points.
This is considered one of the best credit cards for business owners and the premiere business credit cards in terms of the amount of rewards points you can quickly pile up – but it comes with a hefty annual fee of $295. The fee could be worth it, however, because of the points you can amass.
Members get 70,000 Membership Rewards points after you spend $10,000 in eligible purchases on the card within your first three months of opening the account. The card also comes with a Pay Over Time option that lets you carry a balance with interest on eligible purchases.
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8. The Business Platinum Card® from American Express
•Best For: Membership points on large annual expenditures
•APR: 0% introductory APR for 12 months from the date of account opening; after that 17.24% – 25.24% variable
•Key Rewards: 120,000 Membership Rewards Points after you spend $15,000 on eligible purchases with your card in the first three months; 5X points on flights and prepaid hotels booked on AmexTravel.com; 1.5X points on eligible purchases in key business categories.
The American Express Business Platinum Card has an even bigger annual fee than the Gold Card, at $695. On the plus side, you can pile up 120,000 Membership Rewards Points after you spend $15,000 on eligible purchases with your card in the first three months, so it’s a great card to have if you charge a lot of business expenses.
You can help offset the high annual fee with a 0% introductory APR for 12 months from the date of account opening, followed by a 17.24% – 25.24% variable APR. You also get a $200 airline fee statement credit per calendar year from qualifying airlines. The credit can be used when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to your Business Platinum Card account. This makes it one of the best credit cards for business owners.
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