The best small business credit cards — updated for June 2020


Best Small Business 4x3



Alyssa Powell/Business Insider


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

 

The best small business credit cards:

Whether you are a freelancer, somebody with a facet gig, otherwise you run a business with 15 staff, protecting your private and business funds separate is important. Even when you’re a sole proprietor utilizing your private checking account, issues can get muddy rapidly while you’re chopping private and business checks from the identical account. That’s the place business credit cards are available.

If you’re employed solo and work underneath your personal identify and social safety quantity (fairly than a business identify), getting a business card will aid you hold bills separate, and shield your personal credit profile and belongings. Even the smallest of companies are eligible for business credit cards, similar to freelancers, people with facet gigs, and even individuals who resell issues on eBay.

If you are a much bigger business— or aspire to develop into one, with staff and extra assets — a business credit card won’t solely assist separate bills, however it should additionally aid you set up business credit, so that you’ve got flexibility afterward with loans and leases. Plus, you may get further approved cards for staff as wanted.

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

Regular APR

15.99%–20.99% variable APR

  • Details
  • Pros & Cons

    • The info associated to the Ink Business Preferred® Credit Card has been collected by Business Insider and has not been reviewed or offered by the issuer of this card.
    • Earn 3x factors on as much as $150,000 spent every year on journey, delivery, choose internet marketing, and web, cable, and telephone purchases, plus 1x factors on the whole lot else
    • Cash in rewards for present cards assertion credit, merchandise, 1:1 transfers to airline and lodge companions; get 25% extra journey for free while you use factors to e book by means of the Chase portal
    Pros
    • High sign-up bonus
    • Offers 3x bonus factors on a number of spending classes, together with journey and promoting purchases
    • Includes complete journey protection
    Cons
    • Welcome bonus has a really excessive minimal spending requirement


    Read Our Review
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    Best sign-up bonus: Ink Business Preferred® Credit Card

    If you are trying to earn helpful, versatile rewards factors in your small business spending, the Chase Ultimate Rewards (UR) ecosystem is among the many best choices. If you have already got considered one of Chase’s well-liked private rewards cards — just like the Chase Sapphire Preferred® Card or Chase Sapphire Reserve® — the Ink Business Preferred® Credit Card is a perfect business card companion.

    Like these cards, the Ink Business Preferred® Credit Card earns UR factors, and when you can hold them on that card and separate from the remainder of your stash, you too can mix them with the remainder of your factors. These factors will be traded for money again, transferred to frequent flyer and lodge loyalty companions, or used to buy journey with a 25% bonus (or a 50% bonus when you transfer your factors over to your Chase Sapphire Reserve®). 

    Read extra in regards to the Ink Business Preferred:

    Intro Bonus

    75,000 Membership Rewards® factors after you spend $15,000 inside your first three months of account opening

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  • Details
  • Pros & Cons

    • Earn 75,000 Membership Rewards® factors after you spend $15,000 on qualifying purchases inside your first three months of Card Membership.
    • Get 5X Membership Rewards® factors on flights and pay as you go resorts on amextravel.com.
    • Get 50% extra Membership Rewards® factors. That’s an additional half level per greenback, on every eligible buy of $5,000 or extra. You can rise up to 1 million further factors per yr.
    • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or a part of a flight along with your chosen qualifying airline, and you may get 35% of the factors again, as much as 500,000 bonus factors per calendar yr while you e book on amextravel.com.
    • Enroll to rise up to $200 in assertion credit yearly by getting as much as $100 semi-annually for U.S. purchases with Dell. Terms apply.
    Pros
    • More journey advantages than you will discover on another business credit card
    • Generous airport lounge entry choices, from American Express Centurion Lounges to Priority Pass
    • Complimentary lodge elite standing
    • Access to Amex concierge companies
    Cons
    • Very excessive annual payment
    • Limited alternatives to earn bonus factors
    • Annual assertion credit will not be helpful for everybody


    Read Our Review
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    Best for premium journey perks: The Business Platinum Card® from American Express

    The small business model of American Express’ famed Platinum Card was our decide for the highest business card, however the annual payment has since elevated and it is change into a bit extra of a distinct segment product — probably helpful for mid-sized companies that spend so much on flights and journey, however much less helpful for sole proprieters and really small operations.

    Read extra in regards to the Business Platinum card:

    Regular APR

    13.24% to 19.24% variable APR

    Intro APR

    zero% intro APR on purchases for the primary 12 months from account opening

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  • Details
  • Pros & Cons

    • Earn 2X Membership Rewards® factors on on a regular basis business purchases similar to workplace provides or shopper dinners. 2X applies to the primary $50,000 in purchases per yr, 1 level per greenback thereafter.
    • Enjoy the flexibleness to place extra purchases on the Card and earn rewards while you purchase above your credit restrict*.
    • You’ve bought the facility to make use of your Card past its credit restrict* with Expanded Buying Power.
    • More shopping for energy for your business means extra alternatives to earn factors. That’s on a regular basis business with the Blue Business Plus Card.
    • *The quantity you may spend above your credit restrict just isn’t limitless. It adjusts along with your use of the Card, your cost historical past, credit document, monetary assets identified to us, and different elements.
    • zero.zero% intro APR on purchases for 12 months from the date of account opening, then a variable charge, 13.24% – 19.24%, primarily based in your creditworthiness and different elements at account opening.
    • No Annual Fee
    • Terms Apply
    Pros
    • The charge no-annual-fee card to earn Amex Membership Rewards factors
    • Solid incomes charge on the primary $50,000 in purchases every year
    Cons
    • For spending above $50,000 every year, you will not earn bonus factors with this card
    • No welcome bonus


    Read Our Review
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    Earns journey factors with no annual payment: The Blue Business® Plus Credit Card from American Express

    The The Blue Business® Plus Credit Card from American Express does not often have a welcome supply, and that is likely to be sufficient to show many individuals away from it. However, it is the uncommon points-earning business card that does not cost an annual payment; you will earn 2 factors per greenback on the primary $50,000 you spend every year, with no bonus classes to maintain observe of.

    According to journey web site The Points Guy, Amex factors are value 2 cents apiece, so that you’re getting a four% return on all of your business spending as much as $50,000 every year.

    Read extra in regards to the Blue Business Plus card:

    Best cash-back business card: Capital One® Spark® Cash for Business

    The Capital One® Spark® Cash for Business earns limitless 2% money again on all purchases. That’s it. No classes, no factors values or conversions, no redemption minimums. Rewards will not expire for the lifetime of the account, and you may redeem any amount of money again. The card has a $95 annual payment, waived the primary yr.

    At first look, the The Blue Business® Plus Credit Card from American Express might seem like a better option, since it earns 2x points and doesn’t have an annual fee. However, keep in mind that while 2x points may be more valuable than 2% cash if you redeem strategically for travel by transferring to partners, Membership Rewards points can’t be redeemed outright for cash. You can redeem them for a statement credit, but they’ll only be worth 0.6 cents each. That means that effectively, the Amex card only offers 1.2% “cash” back, compared to the no-strings-attached 2% from the Capital One® Spark® Cash for Business.

    Read extra in regards to the Capital One Spark Cash card:

    Earn 2x miles on the whole lot: Capital One® Spark® Miles for Business

    The Capital One® Spark® Miles for Business is a superb possibility if you don’t need an advanced rewards credit card technique however you need decisions in the way you redeem your miles from the one card you do use. You can switch them to greater than 10 airline companions or you should use miles to “wipe” your business’ journey bills out of your credit card assertion. Beyond that, you may redeem miles for money again or present cards. So when you do not need to be locked into only one approach to make use of your rewards, this card might make sense.

    Annual Fee

    $95, waived the primary yr

    Regular APR

    20.99% variable APR

    Intro Bonus

    50,000 miles when you spend $four,500 on purchases throughout the first three months

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  • Details
  • Pros & Cons

    • Unlimited 2X miles on each buy along with your business credit card with no blackouts or seat restrictions and no minimal to redeem
    • One-time bonus of 50,000 miles – equal to $500 in journey – when you spend $four,500 on purchases throughout the first three months from account opening
    • $zero intro for the primary yr, $95 after that
    • 5X miles on lodge and rental automotive bookings by means of Capital One Travel℠
    • Receive as much as $100 credit for Global Entry or TSA Pre® while you use your Spark Miles card
    • Quickly and securely obtain your buy data into a number of codecs together with Quicken®, QuickBooks® and Excel®
    • No Foreign Transaction Fees
    Pros
    • No bonus classes to maintain observe of
    • Annual payment is waived the primary yr
    • You can redeem miles to erase journey purchases out of your assertion, or you may switch to varied airline and lodge packages
    Cons


    Read Our Review
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    Read extra in regards to the Spark Miles for Business card:

    Regular APR

    13.24%–19.24% variable APR

  • Details
  • Pros & Cons

    • The info associated to the Ink Business Unlimited℠ Credit Card has been collected by Business Insider and has not been reviewed or offered by the issuer of this card.
    • Unlimited 1.5% money again
    • zero% intro APR for 12 months from account opening on purchases. After that, 14.74%–20.74% variable APR
    • Employee cards at no further value
    Pros
    • Earns 1.5% money again on each buy, with no bonus classes to maintain observe of
    • Intro APR supply
    • No annual payment
    Cons
    • You can make more cash again on some purchases with a card that has bonus classes


    Read Our Review
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    Best cash-back business card: Ink Business Unlimited℠ Credit Card

    The latest card in Chase’s business portfolio, the Ink Business Unlimited℠ Credit Card is an easy one at first look — earn limitless 1.5% money again. However, identical to the patron Chase Freedom® and Chase Freedom Unlimited® cards, the Ink Business Unlimited has a trick up its sleeve. Although the cardboard is marketed as “cash back,” it truly earns Ultimate Rewards factors you can redeem for money (1 level = $zero.01).

    That means you can mix the factors earned from the Ink Business Unlimited℠ Credit Card with those you earn from cards just like the Ink Preferred, or the non-public Sapphire Reserve, and both earn a bonus while you redeem them for journey by means of Chase, or switch them to journey companions. Combined with an Ink Preferred, you will get a assured 1.5–three factors per greenback spent.

    Read extra in regards to the Ink Business Unlimited card:

    Intro Bonus

    35,000 factors after you spend $5,000 within the first three months from account opening

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  • Details
  • Pros & Cons

  • Pros
    • You can bonus factors on the classes the place you take advantage of purchases (from a listing of choices)
    • 25% factors rebate while you use rewards to e book an eligible flight by means of Amex Travel
    Cons
    • Underwhelming welcome bonus
    • High annual payment


    Read Our Review
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    Best for massive spenders: American Express® Business Gold Card

    If you do not need to pay the upper annual payment of the The Business Platinum Card® from American Express, the American Express® Business Gold Card is an effective various. And relying in your spending habits, the Business Gold might truly be a extra rewarding alternative, due to the power to earn 4x factors on well-liked business spending classes. 

    Read more about the Amex Business Gold card:

    Best for workplace provides and wi-fi: Ink Business Cash℠ credit card

    The Ink Business Cash℠ credit card is one other strong Chase entry, and identical to with the Ink Business Unlimited℠ Credit Card, you may pool the “cash” you earn with factors from a points-earning card, successfully changing your money into (probably) extra helpful factors.

    Ink Business Cash℠ credit card is an particularly good possibility when you can maximize its bonus classes, together with workplace provide shops, web, cable, and eating places, amongst others.

    Read extra in regards to the Ink Business Cash card:

    If you solely use one business credit card: Brex Corporate Card

    Welcome supply: 75,000 Brex factors upon sign-up 

    Brex provides two variations of its distinctive business credit card: the Brex Corporate Card for Startups, and the Brex Corporate Card for Ecommerce. The card stands out as a result of it does not require any private ensures, and it provides robust rewards for prospects who make Brex their unique company card (7x factors on rideshare and 3x factors at eating places and occasional outlets, for instance).

    The Brex Corporate Card for Ecommerce provides a credit restrict of 5o% to 100% of your projected month-to-month gross sales, as much as $5 million, whereas Brex says the Brex Corporate Card for Startups provides as much as 20 occasions larger credit limits than competing cards. 

    You can switch Brex factors to seven airline companions, together with JetBlue, which was the latest addition.

    Click right here to study extra in regards to the Brex Corporate Card for Startups.

    Click right here to study extra in regards to the Brex Corporate Card for Ecommerce.

    Welcome supply: Varies

    If you fly usually for work, and also you’re loyal to 1 specific airline, then it could possibly be value getting an airline’s business credit card. In addition to incomes frequent flyer miles on each buy, you will get a wide range of perks like free checked baggage and precedence boarding. 

    Each airline card’s phrases and advantages are barely totally different, however these are among the best choices to contemplate for your business.

    Delta

    United Airlines

    American Airlines

    • CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

    Southwest Airlines

    Alaska Airlines

    • Alaska Airlines Visa® Business credit card

    Welcome supply: Varies

    If you often journey for business, a lodge business credit card might additionally make sense. You’ll earn lodge factors on all of your spending, and a few cards supply complimentary elite standing and annual free reward nights.

    The advantages and bonuses fluctuate, however listed below are some high choices to contemplate:

    Hilton

    The Hilton Honors American Express Business Card

    Marriott 

    Marriott Bonvoy Business™ American Express® Card

    What’s the distinction between a private credit card and a business credit card?

    While private credit cards are meant for any sorts of purchases, business credit cards are focused towards small business house owners. That does not imply you want a big established firm to use for a business credit card; even when you’re a freelancer you may get permitted for a business card offered you meet the financial institution’s utility necessities.

    Business credit cards often supply totally different rewards and advantages than private credit cards. For instance, a business card could earn bonus rewards on purchases at workplace provide shops, and it could supply free cards for staff. Plus, business cards can have larger credit limits than private credit cards, and normally, the exercise on a business card will not have an effect on your private credit report (though when you default on the business card, the cardboard issuer can nonetheless come after you personally).

    Who has the best business credit card?

    American Express, Chase, Citi, Capital One, and different issuers all supply strong choices with regards to business credit cards. The best alternative for you will depend on what advantages you worth, and the way a lot of an annual payment you are prepared to pay.

    If you desire a rewards credit card with all of the bells and whistles, the The Business Platinum Card® from American Express is an effective alternative. If you care much less about perks like airport lounge entry and annual assertion credit, a extra simple card that earns bonus rewards on all of your spending, a card just like the Capital One® Spark® Miles for Business could be a better fit.

    How do I qualify for a business credit card?

    The good news is that it’s easier to qualify for a business credit card than you may think. If you do any freelancing or a side gig, such as driving for Uber or selling items on eBay, you can typically qualify for a business credit card as a sole proprietor. In this case, you are personally on the hook for your business’ debts.

    Small business owners who aren’t sole proprietors can qualify for business cards too. If you have a larger business with employees, you may be asked to include Employer Identification Number number on your credit card application.

    What do I put on a business credit card application?

    If you’re a sole proprietor, you can apply for a business card using your Social Security number. You should put down your legal name as the business name. If you have a business with employees, you’ll need to answer questions about your business size, type, and revenue, in addition to providing your SSN and your EIN (if requested).

    What’s the difference between a business credit card and a corporate credit card?

    With a business credit card, the primary cardholder is responsible for the debts on the card and for any fees that are incurred. A corporate card is issued by a company to its employees, and the company is responsible for paying that card. With a corporate card, you generally won’t earn rewards (and you also usually won’t be on the hook for whatever you charge to it), while with a business card in your name, you get to keep whatever rewards you earn through your spending.



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