The 5 Best Credit Cards for Small Businesses

By Jason Steele. Last updated 23 February 2017. 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. These are my favorites.

The Plum Card® from American Express OPEN

The Plum Card® from American Express OPEN is a charge card which awards a 1.5% discount on the portion of your balance that is paid within 10 days of your statement closing date. Although it is a charge card which requires you to pay your balance in full each month, you do have the option to pay at least the minimum payment (10% of the balance from new activity plus previously deferred balances) by the due date and defer payment of the rest of the balance until your new payment due date without incurring interest. Unlike other charge cards, this gives you up to 60 days to pay your balance without paying interest. New cardholders can earn a $200 statement credit after each $10,000 you spend on the card, up to $30,000 within the first three months of membership. There is no foreign transaction fee. There is an introductory annual fee of $0 for the first year. After that it is $250. Terms and limitations apply. See rates and fees.

Click here to learn more and apply for the The Plum Card® from American Express OPEN today!

SimplyCash® Plus Business Credit 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® Plus Business Credit Card from American Express. Get 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores, 3% cash back on the category of your choice from a list of eight categories and 1% cash back on other purchases. You can earn up to $400 in statement credits after you meet the spending requirements. You also get a 0% intro APR on purchases for the first 9 months (then 12.74% - 19.74% variable). The best thing about this card? The annual membership fee is $0! Terms and limitations apply. See rates and fees.

Click here to learn more and apply for the SimplyCash® Plus Business Credit Card from American Express today!

Capital One® Spark® Cash for Business

With the Capital One® Spark® Cash for Business, you can get 2% cash back on all purchases. There are no categories, no limits on your rewards, and no minimum redemption amount. New cardmembers can also earn a one-time $500 cash bonus after spending $4,500 on purchases within three months of approval. You can get employee cards at no additional cost and earn rewards on their business spending. There is a $59 annual fee for this card that is waived the first year, and there are no foreign transaction fees.

Click here to learn more and apply for the Capital One® Spark® Cash for Business today!

The Business Gold Rewards Card from American Express OPEN

American Express offers a line of business credit and charge cards, but their latest addition, the Business Gold Rewards Card from American Express OPEN offers business owners truly flexible rewards. Choose one of 5 categories to earn 3x points on and earn 2x points on the other 4 categories, up to $100,000 in purchases in each of the 5 categories per year. Earn 1x points on other purchases. Note that this is a charge card. You must pay in full every month.

Sign up offer: Earn 50,000 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. See rates and fees.

Click here to learn more and apply for the Business Gold Rewards Card from American Express OPEN today!

Capital One® Spark® Miles for Business

The Capital One® Spark® Miles for Business offers 2x miles per dollar spent on every purchase, every day. There is a bonus offer right now to get a one-time 50,000 miles after spending $4,500 within 3 months of approval. 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.

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

Starwood Preferred Guest® Business Credit Card from American Express

With the Starwood Preferred Guest® Business Credit Card from American Express, you can earn upt to five Starpoints for each dollar spent at Starwood and Marriott Rewards hotels and one point for each dollar spent on other purchases. New cardholders can earn 25,000 bonus points after making $5,000 in purchases within the first 3 months. For a limited time, earn an extra 10,000 bonus points after spending an additional $3,000 within the first 6 months. (Offer ends 4/5/17). This card also includes benefits such as free in-room internet, complimentary access to Sheraton Club lounge, and SPG Elite status. Terms apply The variable APR is 15.74% - 19.74%. There is no foreign transaction fee for international purchases. The annual fee of $95 is waived the first year. See rates and fees.

Click here to learn more and apply for the Starwood Preferred Guest® Business Credit Card from American Express today!

The Business Platinum® Card from American Express OPEN

The Business Platinum® Card from American Express OPEN is a charge card for business owners who travel often. This card offers one point for each dollar you spend on qualifying purchases under $5,000 and 1.5 points for each purchase $5,000 or more, plus travel benefits such as access to Delta Sky Club airport lounges, Priority Pass Select, and American Express Centurion lounges. Get 50% of your points back when you use your points to pay for all or part of a flight with your selected qualifying airline, and 50% points back on all First and Business class flights with all airlines available through American Express Travel. You also get a $200 annual airline fee credit for qualifying airlines and a $100 credit toward the Global Entry application fee or $85 for the TSA PreCheck program. You can earn up to 75,000 points after meeting spending requirements. Terms and restrictions apply. There are no foreign transaction fees. The annual fee is $450. See rates and fees.

Click here to learn more and apply for the Business Platinum® Card from American Express OPEN today!

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

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The 5 Best Credit Cards for Small Businesses

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Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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.