If you're a business owner, then you know the value of having the right credit card. And if you're a business owner, chances are that you have more than one card. But even in this age of digital banking and wireless payment options, there are still some great cards out there that can help your business improve its financial health. Here's how these 10 cards compare:
Bank of America Business Advantage Cash Rewards Mastercard® credit card
The Bank of America Business Advantage Cash Rewards Mastercard® credit card is a good choice for businesses that need a rewards program, as it has a generous sign-up bonus and no annual fee.
The card offers 1% cash back on all purchases, with no limits on how much you can earn. You'll also receive up to $200 in travel reimbursements each year (the limit increases if you pay your business bill using the card).
You'll have an easy time qualifying for this card; just make $3,000 in purchases each quarter or bring in at least $25,000 in gross sales annually within 45 days of opening an account.
Capital One® Spark® Cash for Business
Capital One® Spark® Cash for Business is a great choice if you want to earn cash back on all purchases. The card has no annual fee, so it’s ideal for small businesses with low overhead costs.
5% cash back on the first $25,000 spent each year on purchases
2% cash back at restaurants and gas stations
1% cash back on all other purchases
American Express Blue Business Plus
The American Express Blue Business Plus is a great credit card for business owners. This card has a low interest rate, no annual fee and no foreign transaction fees. It also comes with rewards points that can be used towards travel expenses or other purchases.
The biggest advantage of this card is its flexibility in terms of spending categories: you can use it wherever American Express accepts merchant payments—which includes online retailers like Amazon and eBay or offline stores like CVS Pharmacy or Walgreens.
Capital One® Spark® Miles for Business
Capital One® Spark® Miles for Business
Capital One® Spark® Miles for Business is a great option for those looking to earn miles on every purchase. It's one of the few cards that offers no foreign transaction fees, which means it's a great choice if you frequently travel outside the U.S. Plus, you'll earn 2X miles per dollar spent on all purchases (up to $50K), plus 1x mile per dollar when shopping at Amazon—one of the only rewards programs that gives back to its customers in this way!
The card has no annual fee and offers 0% intro APR on purchases and balance transfers for 12 months (then 14%). There's also an additional 3% cash back bonus every time you make at least $1,000 in purchases within your first three months after opening your account.
Ink Business Preferred Credit Card
No foreign transaction fees
3x points on travel, shipping purchases and internet, cable, and phone services
2x points on gas stations and restaurants
1 point per dollar spent on all other purchases
The Blue BusinessSM Plus Credit Card from American Express
The Blue BusinessSM Plus Credit Card from American Express is a great option for small business owners. This card has no annual fee and has 2x points on purchases of $50+ at office supply stores and on cellular phone, landline, internet and cable TV services. It also gives you 1x point on all other purchases but it's important to note that these aren't as valuable as the other rewards programs out there because they're not tied directly to an airline or hotel loyalty program like Delta SkyMiles® or Starwood Preferred Guest® program.
In addition to this specific aspect of this credit card (which is great), there are some other benefits:
Points are worth 1 cent each when redeemed for travel through American Express Travel (or 1 reward point per dollar spent elsewhere)
Capital One® Spark® Classic for Business
Capital One® Spark® Classic for Business is a no-fee business credit card that offers cash back rewards. It also comes with no foreign transaction fees, which is extremely important for businesses that do business internationally.
The best part about this card is the fact that you can use it as a personal one as well, so you can get more than one credit account if needed.
Capital One® Spark® Cash Select for Business
If you're looking for a credit card that has no annual fee, the Capital One® Spark® Cash Select for Business is ideal. The 1.5% cash back on all purchases and 0% intro APR on purchases and balance transfers makes this one of the best business credit cards out there. It also comes with other benefits such as:
No foreign transaction fees (this can be important if you travel abroad frequently)
No late fees
Wells Fargo Business Secured Credit Card.
The Wells Fargo Business Secured Credit Card is a great option for businesses with average credit. It's no-fee and has low interest rates, making it an attractive option for those looking to build or improve their credit score.
The card's features include no annual fee, no foreign transaction fees and access to millions of locations worldwide. This makes it a good choice for businesses looking to accept payment from customers in other countries without paying expensive bank transfer fees—or who want to be able to reward their employees with holiday bonuses or pay them on time each month (which most American banks won't allow).
For those who have bad credit or aren't sure how they would use their new line of credit properly yet, this could be a good place start building up some positive numbers before investing more money into improving them further down the road.
Chase Ink Business UnlimitedSM.
Chase Ink Business UnlimitedSM is the best credit card for business owners who travel and dine out frequently. It offers a sign-up bonus of $300 and is worth it for the following reasons:
Annual fee: No annual fee
Sign-up bonus: $300 after spending $5,000 in the first three months
Great business cards have a lot of features and low rates.
To find the best business credit cards, you'll want to look for a few things. First, the interest rate on your card should be low. If it's too high or if there are fees associated with using it, then you might want to consider other options. Second, look at what rewards programs are offered by each card provider and make sure that these fit with your goals and budget as well as possible. Thirdly, if possible avoid annual fees by choosing a zero-percent intro APR period—this means that for the first year after opening an account (or longer) there will be no interest charged on purchases made during this time period!
Conclusion
We hope that you found this list of the best business credit cards helpful. If you’d like to learn more about the different features of these cards and how they can benefit your business, contact us at [email protected] or visit our website for more information!