The 5 Best Credit Cards for Small Businesses

By Jason Steele. Last updated 30 April 2015. 4 comments

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Business cards are intended for small businesses, sole proprietors, or any consumer who wishes to divide his or her company's spending with a separate card. For example, when I was a business traveler, I used a business card to charge my reimbursable expenses. I still had to apply for the card using my own credit, and I alone was responsible for payment. Using a business card allowed me to segregate my personal expenses from those my company was reimbursing me for. Today, I hold a variety of business and personal cards to maximize the features of each. (See also: 250+ Tips for Small Business Owners)

The Best Credit Cards for Small Businesses

Like personal cards, the market for business cards has been characterized by ever-increasing rewards and perks. Therefore, the selection criteria for the top business cards have been weighted heavily towards the rewards offered.

Enhanced Business Gold Rewards Card From American Express OPEN

American Express offers a line of business credit and charge cards, but their latest addition, the Enhanced Business Gold Rewards Card from American Express OPEN (which is a revamp of their Business Gold Rewards), offers business owners truly flexible rewards. Choose one of 5 categories to earn 3x points on. Earn 2x points on the other 4 categories. Earn 1x points on other purchases. Note that this is a charge card. You must pay in full every month.

Sign up offer: Get 25,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within the first 3 months of Card Membership. The annual fee of $175 is waived for the first year. Terms and limitations apply.

Click here to apply for the Business Gold Rewards Card today!

SimplyCash® Business Card From American Express

If you want the quality and service of an American Express card for your business but don't want to commit to a charge card, try the SimplyCash® Business Card from American Express. Get 5% cash back at U.S. office supply stores and on wireless telephone services purchased directly from US service providers, 3% on the category of your choice and 1% on other purchases. There's currently a limited time offer where you can get a $250 statement credit after you spend $5,000 on qualifying purchases on the Card within the first 6 months of Card Membership. You also get a 0% APR on purchases for the first 9 months (then 12.24%-19.24 variable). The best thing about this card? The annual fee is $0! Terms and limitations apply. 

Click here to sign up for the SimplyCash® Business Card from American Express today!

Capital One® Spark® Miles for Business

credit card

The Spark® Miles for Business offers unlimited 2x miles on every purchase, every day. There is a bonus offer right now to get a one-time 25,000 miles after spending $5,000 within the first 3 months. You can also earn an additional 5,000 bonus miles by signing up for one or more employee cards in the first 60 days. That's $300 worth of travel costs. This card is also versatile in rewards redemptions. If you don't want to spend your miles on travel, you can redeem them for merchandise, gift cards, and even cash. There is a $59 annual fee for this card that is waived the first year.

Note: There is a no fee version of this card (Spark® Miles Select for Business) that offers unlimited 1.5x miles on every purchase and a 10,000 miles bonus offer.

Click here to apply for the Capital One® Spark® Miles for Business today!

By carefully considering the best business cards on the market, you can choose the product that best meets your needs.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any bank, card issuer, airline or hotel chain.

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Guest's picture
Long

US Bank has an excellent business credit card as well. The fine print states there is a $25 annual fee, but it is waived if you make at least one purchase every year. I was surprised to find that the business card did not require a personal SSN, which keeps it seperate from personal transactions and credit reporting. The business card is also a good means to build credit for your business, which may come in handy when seeking credit without a personal guarantee in the future.

Guest's picture
Jason R.

Note that the consumer protection reforms passed for credit cards a couple years ago don't apply to business credit cards. They are only appropriate for business users with responsible credit usage habits.

Guest's picture
Steve

Many people overlook the small business owners need for great credit cards that help them track and manager expenses. Instead of the social security number the small business will normally have an EIN number for tax tracking purposes.

Guest's picture

I have the #1 (American Express) card and use it weekly for my business. I'd def. recommend that one.