Best business credit cards for cash back — updated for June 2020


This article is delivered to you by the Personal Finance Insider staff. It has not been reviewed, authorized, or in any other case endorsed by any of the issuers listed. Some of the affords you see on this web page are from our companions, like Citi and American Express, however our protection is at all times unbiased.

If you may have a business, and even in case you have a freelancing gig that you just do on the aspect, utilizing separate credit cards to maintain your business and private bills separate will streamline your funds and prevent some complications when it comes time to organize your taxes.

When it involves business credit cards, there are a whole lot of nice choices on the market, which makes it tough to decide on “the right one.” Business house owners who do not wish to take into consideration maximizing factors and deciding between resort factors vs. airline miles may discover cash back to be one of the best worth.

Cash back is straightforward and you need to use your rewards for just about something you need. If that sounds good to you, listed below are the 4 finest business credit cards for incomes most cash back.

We’re targeted right here on the rewards and perks that include every card. These cards will not be price it in case you’re paying curiosity or late charges. When utilizing a credit card, it is vital to pay your steadiness in full every month, make funds on time, and solely spend what you possibly can afford to pay.

Regular APR

13.24%–19.24% variable APR

  • Details
  • Pros & Cons

    • The info associated to the Ink Business Cash℠ Credit Card has been collected by Business Insider and has not been reviewed or supplied by the issuer of this card
    • Earn $500 in bonus cash back if you spend $three,000 in your card throughout the first three months
    • Earn 5% back on as much as $25,000 spent at workplace provide shops and web, cable, and cellphone companies mixed every year, 2% back on $25,000 in mixed spending at eating places and fuel stations every year, and 1% back on the whole lot else
    • Redemption choices: Cash in rewards for reward cards assertion credit, merchandise, and journey
    Pros
    • Broad 5% and a pair of% cash-back classes (you possibly can earn bonus cash back at workplace provide shops and at fuel stations and eating places)
    • Intro APR supply for purchases
    • No annual price
    • You can pair this card with a card that earns Ultimate Rewards to redeem your cash back for journey
    Cons
    • Annual cap on bonus classes


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    Annual price: $zero

    The Ink Business Cash card from Chase has a number of issues going for it that earn this high rating. To begin, the cardboard affords a $500 welcome bonus after you spend $three,000 in purchases within the first three months after account opening. That’s fairly strong for a cash back card with no annual price.

    Beyond the welcome bonus, cardholders earn 5% cash back on the fist $25,000 spent at workplace provide shops and on web, cable and telephones companies each account anniversary 12 months (then 1%). Additionally, the primary $25,000 spent at fuel stations and eating places earns 2% cash back yearly (then 1%).

    These are fairly profitable classes for many business house owners. If you need additional worker cards that will help you earn much more rewards, there isn’t any extra price for that.

    Annual price: $zero

    The Bank of America® Business Advantage Cash Rewards Mastercard® credit card has no annual price and affords a $300 assertion credit after you spend $three,000 inside 90 days of account opening. But what makes this such an excellent cash-back business credit card is that it earns 2% on eating and three% in one of many following classes (you get to decide on which):

    • Gas stations
    • Office provide shops
    • Travel
    • TV/telecom and wi-fi
    • Computer companies or business consulting companies

    Bonus cash back on the above spending classes is proscribed to the primary $50,000 in mixed purchases each calendar 12 months. You can swap your three% bonus class on a month-to-month foundation. All different purchases earn 1% cash back, which is pretty commonplace.

    What makes the Bank of America Business Advantage Cash Rewards Card probably profitable is that in case you’re a most well-liked Business Platinum Honors member within the Bank of America Preferred Rewards program, you may get 75% extra cash back.

    For instance, in case you handle to earn $1,000 price of cash back in a 12 months, Bank of America offers you a $750 bonus. That’s extremely beneficiant, particularly contemplating you possibly can simply change your bonus classes on a month-to-month foundation to make sure you’re incomes essentially the most rewards attainable.

    Regular APR

    13.24% to 19.24% variable APR

    Intro APR

    zero% intro APR on purchases and steadiness transfers for 12 months from account opening

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  • Details
  • Pros & Cons

  • Pros
    • Good selection for incomes 2% cash back on all of your purchases as much as $50,000 a 12 months
    • Intro APR supply
    • No annual price
    Cons
    • If your business spends greater than $50,000 a 12 months, you may wish to use a distinct card to earn bonus cash back when you meet that threshold

    The American Express Blue Business Cash™ Card from American Express is a good selection in case you worth simplicity. The card earns has no annual price and affords 2% cash back on the primary $50,000 spent per calendar 12 months. After you hit that threshold, you may earn 1% cash back.

    While it lacks a welcome bonus, the American Express Blue Business Cash™ Card has a novel function that may very well be price extra: Amex Offers. Amex Offers is an unique American Express cardholder profit that consists of cash-back and statement-credit affords at in style retailers like Adidas, J. Crew, and Macy’s. These embrace retailers, journey retailers, and even insurance coverage and utility corporations.

    Read extra: The finest Amex Offers out there now

    I as soon as saved over $440 in a single month from assertion credit by way of Amex Offers — that is greater than the welcome bonus on the Bank of America Business Advantage Cash Rewards Card. The Blue Business Cash card could be a good way to earn a lot of rewards and rating substantial reductions on mandatory business bills.

    Annual Fee

    $zero intro for the primary 12 months, $95 after that

    Regular APR

    20.99% variable APR

    Intro Bonus

    $500 cash bonus when you spend $four,500 on purchases throughout the first three months

    Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

  • Details
  • Pros & Cons

    • Unlimited 2% cash back and you might be placing hundreds of dollars back into your business. Redeem at any time with no minimums
    • One-time $500 cash bonus when you spend $four,500 on purchases throughout the first three months from account opening
    • Add worker cards for free and earn all of the rewards from their purchases
    • No overseas transaction charges
    • Download your buy data shortly and securely to a number of codecs together with Quicken®, Quickbooks™ and Excel®
    Pros
    • 2% cash back on each buy with no cap
    • Annual price waived the primary 12 months
    Cons
    • Other cards can get you greater cash-back charges, however solely in bonus classes or on a capped quantity every year


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    The Capital One Spark Cash for Business earns a vast 2% cash back on all spending, affords free worker cards and a $500 welcome bonus after you spend $four,500 within the first three months after account opening. So why is it the final card on this listing? For starters, the spending requirement is sort of excessive for a $500 bonus. The Ink Business Cash℠ Credit Card requires simply $three,000 to be spent for the identical quantity.

    Another draw back of this card is that whereas the annual price is $zero through the first 12 months, it goes as much as $95 after that. Paying $95 per 12 months for a 2% cash-back card is not excellent, particularly because the Amex Blue Business Cash card affords the identical rewards with out an annual price.

    Some business house owners might desire this over the Blue Business Cash card for a reasonably invaluable profit: Auto rental injury waiver. Essentially, this gives main protection for your rental automotive in case of an accident or theft. For those that journey typically for business, the financial savings from declining this protection on the rental automotive desk could be definitely worth the $95 annual price.

    If you are seeking to earn most cash back, one of the best business card for you in the end is determined by your spending patterns. If you may have substantial bills that fall into the workplace provide retailer, web, cable, and cellphone companies classes then the Ink Business Cash℠ Credit Card’s 5% class bonus is hard to beat.

    If you need extra flexibility to decide on your bonus class primarily based on various spending patterns, then the Bank of America Business Advantage Cash Rewards card may very well be your finest guess. For those that do not like to consider class bonuses and simply wish to earn a beneficiant flat cash back price throughout the board, the American Express Blue Business Cash™ Card or the Spark® Cash from Capital One® might take advantage of sense.

    See Business Insider’s listing of one of the best business credit cards »

     



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