Being a small business owner comes with a unique set of challenges. For one thing, you're often called upon to be a "Jack/Jill of all trades" and that can leave you feeling like a master of none.
Streamlining and simplifying are always top priorities, so why are you still trying to make a personal credit card meet your business' purchasing needs when simplifying, streamlining – and even putting some rewards in your pocket – are exactly what top small business credit cards are designed to do?
You're busy, so we'll cut to the chase: The below cards are our favorite small business cards on the market right now thanks to their excellent rewards, protections and flexibility.
The Bonus: Earn 80,000 Chase Ultimate Rewards® points, worth up to $1,000 in travel or $800 in cash back, when you spend $5,000 in the first three months.
The Annual Fee: $95
The Rewards: Rake in three points for each $1 spent on travel expenses; shipping costs; Internet, cable, and phone services; and advertising purchases made with social media sites and search engines (up to $150,000 spent annually). Earn one point per $1 after hitting the annual cap and on all your other purchases.
Additional Note: Pay your cell phone bill with the card and your phone, as well as all the other phones on your account, are protected for up to $600 per claim.
The Bonus: New cardholders can earn 35,000 Membership Rewards® points once spending $5,000 on eligible purchases within the first three months of card membership. Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.
The Annual Fee: $295. Terms apply. See Rates and Fees
The Rewards: Get 4x Membership Rewards® points on the two select categories where your business spends the most each month. (4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.) Get up to 1 year free on subscription to both G Suite Basic for up to 3 users and ZipRecruiter Standard, a combined value up to $3,200. There is also a flexible payment option that can help manage cash flow on purchases of $100 or more. Access expense management tools: Connect to Quickbooks, access SpendManager℠, receive a Year-End Summary, and more.
Additional Note: This is a charge card, so you'll be paying off the balance each billing cycle. That means you won't be tempted to let a balance roll over and rack up interest charges that eat into your rewards. (American Express is a CardRatings advertiser)
The Bonus: Earn a one-time $500 cash bonus when you spend $4,500 in the first three months of opening your account.
The Annual Fee: $0 intro for first year; $95 after that.
The Rewards: Earn 2 percent cash back on every purchase, every day. There are no caps or categories to keep up with and your points don't expire as long as your account is open.
Additional Note: If your business takes you abroad, rest easy knowing there are no foreign transaction fees with this card.
The Bonus: Earn a $500 cash-back bonus when you spend $3,000 in the first three months from account opening.
The Annual Fee: $0
The Rewards: Reap 5 percent back on the first $25,000 spent each account anniversary year on combined purchases at office supply stores and for cellular, landline, internet and cable television services; earn 2 percent back on the first $25,000 spent at gas stations and restaurants each account year; and receive an unlimited 1 percent back on all other purchases (and on purchases over that $25,000 annual cap).
Additional Note: Take advantage of 0 percent APR on both purchases and balance transfers for the first 12 months (then, Variable).
See Rates and Fees for the American Express® Business Gold Card