Best Credit Cards for Small Businesses

By Jason Steele. Last updated 6 August 2020. 4 comments

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Business cards are intended for small businesses, sole proprietors, or any consumer who wishes to divide their 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 separate 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: Business Credit Card vs Consumer Credit Card)

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.

American Express Blue Business Cash™ Card

The American Express Blue Business Cash™ Card offers 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back received is automatically credited to your statement. Terms apply. There is no annual fee. See Rates & Fees.

For rates and fees of the American Express Blue Business Cash™ Card, please click here.

The Plum Card® from American Express

The Plum Card® from American Express is a charge card, which usually means that you must pay the balance in full every month. However, this card allows you to defer part of the balance to the next month if you make the minimum payment by the due date. Alternatively, if you pay at least the minimum amount within 10 days of receiving your bill, you get a 1.5% Early Pay Discount on that portion of  your balance. Terms apply. There is a $0 introductory annual fee for the first year, then $250. See Rates & Fees.

For rates and fees of The Plum Card® from American Express, please click here.

Info about the American Express Blue Business Cash™ Card and The Plum Card® from American Express has been collected independently by Wise Bread. The issuer did not provide the details, nor is it responsible for their accuracy.

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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.

Guest's picture
Robin

Thanks for the kind words. It’s scary to think how many more small business owners would be getting their financing if they thought about their credit as an asset! The bottom line with credit is preserving it if it’s already excellent and improving it if it’s not where you want it to be.