Pile of colored credit cards. Concept: best business credit cards.
Monica Williams
By: monica_williams
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The 10 Best Small Business Credit Cards

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How do you take care of the cash emergencies in your business? Have you considered opening a business credit card? If so, what are the best small business credit cards? Keep reading to find out.

Why should I get a small business card? 

A small business credit card can help you handle unexpected business expenses, build your business credit, keep an eye on your employees’ expenses, and stay organized. But the key question is: what are the best business credit cards available in the market?  The credit limit, fees, and requirements differ for each one. Some of them offer business-specific rewards programs. The truth is, there’s an overwhelming amount of business credit cards available for you, but as a busy business owner, you don’t want to lose your time comparing and shopping around. We did precisely that for you. And we bring you here a shortlist with the best business credit cards.

Check out this complete list of benefits that come with a business credit card

Best Business Credit Cards of 2019

American Express Business Platinum Card

Annual Fee: $450

Benefits and Features

  • Earn 50,000 points after spending $10,000 on qualifying purchases within the first three months of card membership
  • Earn an extra 25,000 points upon spending another $10,000 on eligible purchases
  • Get access to more than 1,200 airport lounges in 130 countries spread out across the globe
  • The card offers travelers more lounge options than any other credit card provided on the market today
  • Receive up to $200 every year in statement credits every time a qualifying airline charges incidental fees such as in-flight refreshments to your business credit card

American Express Business Gold Rewards Card

Annual Fee: $0 annual fee for the first year; $175 afterward

Benefits and Features

  • Earn 50,000 membership reward points after spending $5,000 on qualifying purchases within the first three months of signing up
  • Earn 3 points per dollar for the first $100,000 spent in the U.S. on purchases in each of 5 different categories you choose including shipping, buying gas, advertising in select media, purchased-directly-from-an-airline airfare, and computer cloud computing, software, and hardware purchases
  • Earn 2 points after spending the first $100,000 on the four remaining categories of expenses
  • After that, get 1 point for every dollar you spend

American Express Starwood Preferred Guest Business Card – CAMINO FINANCIAL CHOICE!

Annual Fee: $0 fee for the first year; $95 annually afterward

Benefits and Features

  • Earn $6 for each dollar spent on eligible expenses in Marriott Rewards® and SPG® hotels
  • Get 4 points at U.S. restaurants, gas stations, on wireless telephone services bought directly from service providers in the U.S., and on U.S. shipping purchases
  • Earn 2 points on every other eligible purchase
  • No card transaction fees for SPG® card members
  • Make purchases worth $5,000 within the first three months of card membership and earn 100,000 bonus points
  • Redeem 35,000 points and enjoy 1 free night at any of the 6,500+ participating hotels and resorts across more than 25 brands
  • No blackouts
  • Transfer points to more than 40 frequent-flyer programs, typically at a ratio of 3:1 (3 points to 1 mile)

Capital One Spark Cash for Business

Annual Fee: $0 annual fees for the first year; $95 afterward

Benefits and Features

  • Earn $500 cash bonus after spending $4,500 within the first three months of card opening
  • Zero fraud liability if your credit card gets lost or stolen
  • Get automatic fraud alerts
  • Get an unlimited 2 percent cashback
  • Redeem points anytime; no minimums
  • No foreign transaction fees
  • Easily and securely download your purchase records to multiple formats including Excel®, Quicken®, or QuickBooks™ to make accounting easy
  • Receive quarterly and yearly reports and easily handle your planning, budgeting, and taxes

Chase Ink Business Cash Credit Card

Annual Fee: No annual fee

Benefits and Features

  • Earn $500 bonus cash back after spending $3,000 within three months of account opening
  • Earn 5 percent cash back on the first $25,000 spent on office supply, internet, cable, and phone services
  • Earn 2 percent cash back on the first $25,000 spent on meals and gas
  • Earn 1 percent cash back on every other purchase
  • Redeem rewards for cash back, travel, and gift cards via Chase Ultimate Rewards®
  • As long your card stays open, cash rewards don’t expire

Chase Ink Business Preferred Credit Card

Annual Fee: $95

Benefits and Features

  • Earn 80,000 points upon spending $5,000 within three months of card opening
  • Earn 3 points for each dollar spent on social media ads, travel, shipping, and phone, internet, and cable services
  • Earn 1 point for every $1 spent on any other purchase you make; no limits to how many points you can earn
  • Get current sign-up bonus value of $1600
  • Pay cell phone bill and primary rental car insurance for yourself or your employees and get cell phone insurance
  • Get free employee cards
  • No foreign transaction fees

Capital One Spark Miles for Business

Annual Fee: $0 for the first year and $95 afterward

Benefits and Features

  • Spend $4,500 on purchases within the first three months of card opening and receive 50,000 bonus miles
  • No blackouts, seat restrictions, or minimum to redeem
  • Earn unlimited 2 miles on each purchase
  • Zero fraud liability if a card gets stolen or lost
  • Redeem miles for any hotel stays, airline tickets, and vacation packages with no expiration date

United MileagePlus Explorer Business Card

Annual Fee: $0 for the first year; $95 afterward

Benefits and Features

  • Get 50,000 bonus miles after spending $3,000 within the first 3 months of opening the card
  • Get 2 United Club one-time passes with more than $100 in value upon opening an account and annually for your cardmember anniversary
  • No foreign transaction fees
  • Savings of up to $120 per round trip for the primary cardmember and one companion if traveling on the same reservation
  • No blackout dates
  • Spend $25,000 and earn 10,000 bonus miles annually

Southwest Rapid Rewards Premier Business Card

Annual Fee: $99

Benefits and Features

  • Earn 6,000 points annually on your cardmember anniversary
  • Get free employee cards
  • No foreign transaction fees
  • Earn points on employee spending
  • Earn 60,000 points after spending $3,000 on business purchases within the first 3 months of opening the credit card
  • Get tier qualifying points toward A-list status

Bank of America Business Advantage Travel Rewards World Mastercard

Annual Fee: No annual fee

Benefits and Features

  • Make $1,000 purchases within the first 60 days of credit card opening and earn 25,000 bonus points
  • Every dollar you spend on travel purchases such as airline, car, or hotel earns you 3 points
  • Each dollar you spend on all purchases everywhere earns you 1.5 points each time, regardless of how much you spend
  • No limit to how many points you can accumulate
  • Points do not expire
  • No foreign transaction fees
  • If you are a Business Advantage Relationship Rewards Client, you can earn up to 75 percent rewards bonus for every purchase made

What to Consider When Selecting a Business Card

  • What are the requirements for getting a small business credit card? Make sure you know the requirements of the vendor of your choice since they differ widely among business credit cards. Of course, you need to have a business, even if it’s a small sole proprietorship. Also, make sure you know your credit score since most business credit cards will require you to meet a minimum threshold. You may not get approved for some cards unless your credit is excellent. That said, you should get a business credit card even without a good credit score. You will just need to spend some time researching to find a card that fits your situation. Finally, while some business cards providers will require you to have an SSN, others will extend you a credit card with your business ITIN only.
  • Your type of business. Consider the lifestyle of your business. Are you and your employees always doing long-distance travel? Do you spend tons of money entertaining clients in restaurants? Maybe your company spends a lot on gas? Choose a business credit card that delivers the most benefits given your business’ lifestyle. If you are planning to use your card to make a big purchase soon, consider one that comes with an introductory 0 % APR deal.
  • Rewards. Consider also your type of business and the kind of operational costs you have when thinking of the rewards you want to seek. Get a business credit card that offers the best rewards for those expenses.
  • Fees. Look at the annual fee payable. Sometimes, paying an annual fee makes sense. Usually, cards that require an annual fee offer higher sign-up bonuses and higher rewards rates.

Use Your Business Card Wisely or Consider Other Options

You want to keep your good credit score, right? Then, always pay your monthly business credit card bill in full and on time. You can set up automatic payments so you don’t need to remind yourself or write down the due date on your calendar. When you pay down your credit card bill within 30 days, you don’t pay interest. To sum up, a business credit card is a great tool to get quick access to money, but as with everything that has to do with your finances, it should be treated with caution.

Learn here the do’s and don’ts when using a business card

“A business credit card doesn’t sound like a good idea for me.” If that’s what you’re thinking, don’t worry. A business credit card isn’t the only way to raise capital for your small business. After all, business credit cards are best for small and recurring expenses that can be paid back within 60 days. For long-term capital, you should consider other options. A business loan is a great alternative. For more information on how a credit card stacks up against a business loan, read this post.  

To sum up

Separating your personal expenses from your business expenses is advisable, and a business credit card is a great tool to do just that. It makes planning, budgeting, and handling of your taxes a lot easier, while you can enjoy great rewards and benefits. Consider the features and benefits a credit card offers and seek for the best business credit cards featured in the article. But not everyone likes using credit cards. If that’s you, consider other options such as a small business loan. You can apply today! Submitting your application will take you just a few minutes, and it won’t impact your credit.

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