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4 Credit Cards Your Small Business Needs

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Oct 09, 2017, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

If you are a business owner, there are a number practical reasons why you should be putting your everyday business expenses on a credit card instead of using cash, check or debit card. If you’re paying your bills on time each month, business credit cards can be an invaluable resource to give your business an advantageous boost. Here are a few reasons why you should be using business credit cards for your day-to-day expenses:

  • Build Business Credit: Having a solid prepayment history on your business credit cards will show lenders that you manage credit responsibly. This can result in lower interest rates and better terms on future loan products. See more about how you can build business credit.
  • Access to a Higher Credit Line: Business cards typically come with higher lines of credit than personal credit cards. This allows you to pay off your balances on your own terms, whether all at once or throughout the year.
  • Loads of Rewards: Because businesses accounts usually have many more expenses than your personal accounts, you can use a business credit card with a good rewards program to rake in extra cash back, points, or rewards.
  • Streamline Your Finances: Putting all of your expenses on a business credit card makes life a lot easier when tax season comes around because you’ll have your full transaction history in one place. Also, you can usually integrate your business credit cards with your accounting software, like QuickBooks, to easily manage all of your accounts.

It’s easy to see how beneficial it can be to use a business credit card, but with so many options out there, it can certainly get tricky when trying to decide which card is best for you. The best business credit cards will come with rewards, offer employee credit cards, will have low carrying costs, and come with added tools and benefits to help you run your business.

Lucky for you, we’ve compiled a list of the best business credit cards from our partners.

Featured Business Credit Cards

Ink Business Cash℠ Credit Card –The Ink Business Cash℠ Credit Card comes with everything a business owner could want. Not only does it offer one of the best cash back programs and a nice sign up bonus, but this card also has one of the lengthiest intro APR’s available for business cards. If you need to use a credit card to finance a large business expense, you can get an intro APR of 0% APR for 12 months. New cardholders can  earn $300 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. Cardholders also earn tons of cash back. Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. Top it all off with no annual fee and the Ink Cash Business has earned our crown as a top business credit card.

SimplyCash® Plus Business Credit Card from American Express  –Here we have another cash back business credit card that is relatively similar to the Ink Business Cash℠ Credit Card. This card offers 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores, 3% cash back on the category of your choice from a list of eight, 1% cash back on other purchases. 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. This makes this card appealing to any business owner no matter what they spend the most on because you can earn bonus cash back for so many purchases. The SimplyCash® Plus Business Credit Card from American Express also comes with no annual fee, an intro APR of 0% on Purchases for 9 months, and a special offer that allows cardholders to earn up to $500 cash back in statement credits during their first year of card membership. 

Capital One® Spark® Miles Select for Business –This is our favorite business card offered by Capital One® because of the combination of features that comes with it. This business card will earn cardholders a solid 1.5 Miles per $1 on every purchase, every day AND it comes with a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening. Cardholders will pay 0% on purchases for 9 months, after that, the on-going APR is 14.24% - 22.24% (Variable). There are no limits to the number of miles you can earn and Miles won't expire for the life of the account. Miles can be used for more than just travel, too. You can redeem for past travel purchases, pay for upcoming travel expenses, or redeem for cash back, gift cards, and more. There is $0 annual fee to carry the Capital One® Spark® Miles Select for Business.

Which Card is Right for Your Business?

To decide on the credit card that will be the best fit for your business needs, you’ll need to consider how much money you spend, where you spend it, and whether or not you plan on carrying a balance. When it comes to credit cards, there is never a one-size-fits-all solution, but hopefully this analysis can help you narrow your search. The one thing that’s for certain is that business credit cards come with a wide array of benefits that all business owners should be taking advantage of. If you don’t yet have a credit card for your business, compare business credit cards side-by-side using our credit card comparison tool and start saving today!

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