The 5 Best Credit Cards for Small Businesses

By Jason Steele. Last updated 4 August 2016. 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.

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 a one-time $250 statement credit after you spend $5,000 or more in qualifying purchases on the card within the first 6 months of card membership. You also get a 0% intro APR on purchases for the first 9 months (then 12.49%-19.49% variable). The best thing about this card? The annual membership fee is $0! Terms and limitations apply.

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 the first three months of account opening. 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. 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 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 the first 3 months. 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 five Starpoints for each dollar spent at Starwood properties and one point for each dollar spent on other purchases. Get 25,000 bonus points after you use your card to make $5,000 in purchases within the first 3 months of opening your account. This card also includes benefits such as free in-room internet, complimentary access to Sheraton Club lounge, and SPG Elite status. Terms and conditions apply The variable APR is 15.49% - 19.49%. There is no foreign transaction fee. The annual fee of $95 is waived the first year.

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

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, plus travel benefits such as access to Delta Sky Club airport lounges, Priority Pass Select, and American Express Centurion lounges. You also get a $200 annual airline fee credit and a $100 credit toward the Global Entry application fee or $85 for the TSA PreCheck program. Terms and restrictions apply. There are no foreign transaction fees. The annual fee is $450.

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

Chase Ink Plus Business Credit Card

Chase offers a dedicated line of business products called Ink. Their top-of-the-line product is the Ink Plus® Business Card. Cardholders earn 60,000 bonus points as a sign up bonus after spending $5,000 on purchases in the first three months from opening the account, which is worth $750 toward travel when you redeem through Chase Ultimate Rewards®. Earn five points per dollar spent (up to $50,000 combined purchases each account anniversary year) at office supply stores, cellular phone, landline, internet and cable TV services. Two points per dollar are earned (up to $50,000 combined purchases each account anniversary year) at gas stations and hotel rooms purchased directly with the hotel, with unlimited one point per dollar spent on all other purchases. Cardholders can also transfer points to the programs of many airline and hotel partners. Finally, always get 20% off travel redemptions through Chase Ultimate Rewards portal. There is a $95 annual fee for this card.

Chase Ink Cash Business Credit Card

The Chase Ink Cash® Business Card lets its cardholders earn cash back on the purchases they make. Cardholders receive $200 bonus cash back after spending $3,000 on purchases in their first 3 months after account opening. There's also a special 0% introductory APR on purchases and balance transfers for 12 months (then it becomes 13.49%-19.49% variable APR). Cardholders can earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores, and on cellular phone, landline, internet, and cable TV services each account anniversary year. They can also earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Cardholders will earn 1% cash back on all other purchases they make on the card. There is no annual fee.

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

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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.