Credit Card For Small Businesses – Advertiser Disclosure: Credit card and banking offers appearing on this site receive compensation from credit card companies and banks. These offsets may affect how and where products appear on this site, for example, the order in which they appear on page pages. Not all banks, credit card companies or all available credit card offers are included, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, Chase, US Bank and BarclaysCard, among others
Small-business credit cards are an increasingly popular business financing option, especially for entrepreneurs who don’t qualify for traditional business loans and don’t have access to a rich network of deep-pocketed family members, friends and colleagues. No matter what your business is, a credit card can probably help — as long as you use credit wisely and your company can’t afford to buy out.
Credit Card For Small Businesses
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Small-business credit cards typically have higher spending limits and more generous rewards programs than consumer cards. Some have additional benefits, such as low APRs, attractive balance transfer promotions, personal concierge services, and fringe benefits. However, many also come with annual fees and require good or excellent credit to qualify.
Best Small Business Credit Cards Of April 2023
Without further ado, the best small business credit card on the market right now They include a mix of low interest credit cards, travel rewards credit cards, cash back credit cards and general purpose rewards cards.
The Chase Inc. Business Preferred Credit Card is a longtime favorite of Chase small business card users. It provides:
You’ll earn 100,000 bonus Ultimate Rewards points when you spend at least $15,000 within 3 months of opening your account. It costs $1 when redeemed for cash, and $1,250 when redeemed for travel (thanks to Chase’s 25% bonus on all travel redemptions). If you travel a lot for business, it’s hard to resist
This card’s regular rewards program is equally impressive The 3x tier is unusually generous: cardholders earn 3 points per $1 spent on travel, transportation, telecommunications purchases (such as Internet, cable, cell phone bills) and advertising, up to $150,000 in combined spending in each category. Account anniversary year All other purchases earn unlimited 1 point per $1 spent
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The Chase Inc. Business Unlimited® Credit Card is a no-annual-fee business credit card that mirrors the Chase Freedom Unlimited Credit Card, a consumer credit card that also offers unlimited 1.5% cash back.
Ink Business offers cash back through unlimited Ultimate Rewards points, which can be redeemed for cash, gift cards, travel purchases and general merchandise. The one-two punch of a no-nonsense rewards program and flexible redemptions make this the best flat-rate cash back card for business owners.
The Chase Inc. Business Cash Credit Card is a popular business credit card with a generous cash back rewards program, solid sign-up bonus and reasonable APR.
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Its generous rewards program offers up to 5x points for every $1 spent on eligible purchases Your points never expire, and you can redeem them for the things you really want, like gift cards, cash, travel and more. Plus, there’s no annual fee, and you can save up to 25% at 40,000-plus merchants: gas, dining, office supplies, hotels, and more with MasterCard Easy Savings.
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The Business Platinum Card from American Express is a popular business card that’s great for business travelers, despite the $695 annual fee. (
For rates and fees for the Business Platinum Card from American Express, please visit this Rates and Fees page.
The Chase Inc. Business PremierSM Credit Card has the best sign-up bonus of any small-business credit card on this list: Earn $1,000 in bonus cash after spending $10,000 on purchases in the first 3 months from account opening.
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And you don’t get that when you have the Ink Business Premier Card in your corner Additional selling points include:
Renovations offer a unique twist on the traditional business card – a potential game changer for new small businesses with limited credit histories.
Revenue stands for a flexible expense line that grows with your company’s revenue This is different from other business cards, which set a hard spending limit (you have to apply for higher spending availability) or require you to pay your statement every month.
The GM Business Card™ is a small business credit card that turns purchases into earnings. Redeem earnings toward a new GM vehicle and have no annual payments
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See if you’re approved with no impact on your credit score (Accepting a card after your application is approved will result in a hard inquiry, which can affect your credit score.)
Select ‘Apply Now’ to learn more about product features, terms, conditions and program rules Subject to credit approval
Ramp is a simple Visa business credit card that delivers with the gimmicks — and limitations — of other corporate payment products.
Its biggest differentiator is the truly unlimited supply of physical and virtual cards You will never pay to get another employee card or create a virtual card for this or recurring memberships. With the ramp, it’s all included in your membership
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The Delta SkyMiles Reserve Business American Express Card is a super-premium business travel card designed for frequent flyers who like to travel in style.
Big spenders do especially well with this card Spend $30,000 in qualifying purchases in a calendar year and you’ll earn 15,000 bonus Medallion Qualifying Miles (MQMs), redeemable up to 4 times per year (for a potential 60,000 bonus MQMs).
And, when you spend at least $25,000 in qualifying purchases in a calendar year, you’ll qualify for a Medallion Qualifying Dollar (MQD) waiver, making it easier to move up to Medallion status and earn the coveted Delta allowance.
Medal status is very complicated If you’re new to Delta frequent flyers, check out this primer on the Delta Medallion program.
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For rates and fees for the Delta SkyMiles Reserve Business American Express Card, please visit this Rates and Fees page.
The US Bank Business Triple Cash Rewards World Elite MasterCard is an excellent business cash back credit card that earns up to 3% cash back on purchases at eligible Net gas stations, EV charging stations, office supply stores, restaurants, and cell phone or service provider purchases. And 1% cash back on all other eligible purchases
But the real headliner here is an unusually long 0% APR introductory promotion on purchases and balance transfers. This promotion is open to your account for the first 15 billing cycles After that, variable regular APR applies, currently 18.24% to 27.24%.
The Marriott Bonvoy Business American Express® Card is the business version of the Marriott Bonvoy Brilliant American Express Card and the best business credit card for business travelers who regularly stay at hotels.
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Earn 6 points per $1 spent on eligible purchases at participating Marriott Bonvoy hotels. Earn 4 points per $1 spent on restaurants worldwide, US gas stations, eligible purchases made directly with US providers on wireless telecom purchases, and US transportation purchases. All other eligible purchases earn 2 points per $1 spent
You can redeem accumulated Bonvoy points for free nights at Marriott Bonvoy hotels All cardholders in good standing enjoy Marriott Bonvoy Gold Elite status and one free night award each year after your account anniversary at participating Marriott Bonvoy hotels with a redemption level of 35,000 points or less per night.
For rates and fees for the Marriott Bonvoy Business® American Express Card, please visit this Rates and Fees page.
We use several important factors to evaluate small business credit cards Those who score the highest in an acceptable combination earn a place in this list
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Some applicants are better off using their personal credit scores if they personally guarantee the account. That is explained in more detail below
Other small-business credit cards ask that applicants have a business credit score before applying. This is something of a Catch-22 for new businesses, as it is difficult to build credit without a credit history. But there are ways to do it
Most selective small-business credit cards also typically have minimum revenue and business-period requirements. These standards weed out new and/or low-revenue enterprises
If you’re applying for your first small-business credit card, you’ll probably want to choose one that accepts a personal guarantee. This is your ticket into the world of business credit cards and can help you build business credit over time, but beware – if your account goes delinquent, your personal credit can suffer.
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Many of these cards offer bonus rewards for new cardholders Typically, these sign-up bonuses – also known as welcome offers or early spend bonuses – require higher spend.
But that’s no sweat for businesses investing in capital So, all else equal, we prefer business cards with attractive sign-up bonuses
Carrying a credit card balance isn’t ideal, but sometimes you have no choice. Especially when you’re building a business and absolutely watching every penny
With that in mind, we like small business cards with low regular interest rates and long 0% APR introductory promotions. The latter is not so
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