Top small business credit cards of 2019
Small business owners have a LOT to think about, spearhead and otherwise deal with. Keeping track of both personal and business expenses on a single credit card shouldn't be one of the things you're messing with. That's just one of several reasons you need a small business credit card.
Besides separating your personal and business expenses (you'll thank yourself come tax season), you could also be using a small business credit card to earn valuable rewards or cash back for your business' routine purchases. With the right credit card as your partner, you can enjoy travel perks, smoother cash flow, and access to specialized service professionals.
>MORE: Still not sure you'll qualify for a small business card? Check out our Small Business Credit Cards 101 guide to learn more.
Whether you're a wide-eyed entrepreneur or a seasoned business owner, there's a card for you. Below are a few business credit cards we think entrepreneurs, freelancers and CEOs alike should consider.
Best overall small business credit card
Why We Like It: The Ink Business Preferred℠ Credit Card offers plenty of value for a reasonable annual fee. You'll rake in three points per $1 spent in popular categories like travel and select business purchases, and the spending cap is fairly robust at up to $150,000 annually spent in the highest rewards-earning categories. After reaching the cap you'll still earn one point for every $1 spent.
The Bonus: Earn 80,000 bonus points (these are Chase Ultimate Rewards® points) after you spend $5,000 on purchases on your new card within the first three months. The bonus is worth up to $1,000 if redeemed for travel through Ultimate Rewards® or $800 if redeemed for cash back.
The Annual Fee: $95; add employee cards at no additional cost.
The Rewards: Earn three points per $1 on the first $150,000 spent in combined purchases each account anniversary year on travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines. Earn an unlimited one point per $1 on all other purchases (and once you reach the cap in the bonus categories). Points are worth 25 percent more when you redeem for travel through Chase Ultimate Rewards®. That means 80,000 points are worth $1,000 towards travel. Read our full Ink Business Preferred℠ Credit Card review.
More Details: Cardholders will also enjoy fraud protection; trip cancellation/trip interruption insurance; zero liability protection; purchase protection; extended warranty protection; auto rental collision damage insurance; no foreign transaction fees; and cell phone protection, which includes coverage of up to $600 per claim for the primary user and all the employees listed on the monthly cell phone bill when you pay your cellular bill onyour card.
Best small business credit cards for cash back
Why We Like It: This is the cash-back version of the Spark card mentioned above. With a flat-rate rewards structure, it's a simple card to have in your business' back pocket. Your cash back could rack up quite quickly.
The Bonus: Earn a one-time $500 cash bonus when you spend $4,500 on your new card in the first three months of opening your account.
The Annual Fee: $0 intro for first year; $95 after that; add employee cards at no additional cost.
The Rewards: Earn 2 percent cash back on every purchase made with the card. The amount you can earn is unlimited and there are no categories or caps to keep up with. Read our full Capital One® Spark® Cash for Business review.
More Details: The Capital One® Spark® Cash for Business offers purchase security and extended warranty protection, travel and emergency assistance services, auto rental collision damage waiver insurance, no foreign transaction fees, quarterly and year-end summaries, and more.
Why We Like It: The newest member of the Chase Ink business card family doesn't come with an annual fee, but it does come with a simple-to-understand rewards structure. We like to think of this card as an excellent complement to other cards in the Chase Ink family, the Ink Business Preferred℠ Credit Card or the Ink Business Cash℠ Credit Card. With this new card, you earn a flat 1.5 percent cash back on all your purchases, which means you can rake in a half-percent (or half-point if you prefer to think in those terms) more per $1 spent on all the purchases that don't fall under a points bonus category with the other Ink cards.
The Bonus: Earn a $500 cash-back bonus after you spend $3,000 in the first three months from account opening. Plus, make a big purchase for your business and enjoy an intro period of 12 months no interest on purchases (then, 15.49% - 21.49% Variable)
The Annual Fee: $0; add employee cards at no additional cost.
The Rewards: Earn a flat and unlimited 1.5 percent cash back on all your purchases. Your rewards are Chase Ultimate Rewards® points, a common currency among numerous Chase rewards cards, including those other Ink cards we mentioned earlier. If you have other Chase rewards cards in your wallet, you can combine Chase Ultimate Rewards® points earned on those other cards into a single bucket as needed in order to redeem your points more quickly or, in some cases, for more value. Read our full review of the Ink Business Unlimited℠ Credit Card.
More Details: Cardholders are covered by travel and emergency assistance services as well as zero liability, fraud, purchase and purchase protections. You'll enjoy extended warranty protection and auto rental collision damage insurance, too.
Why We Like It: Earning 5 percent cash back in popular business categories is sort of the best-case-scenario for a business card, but this card goes a step further and offers cardholders the chance to choose where they'll earn 3 percent back from among a list of categories that include everything from gas stations to shipping. Add in that there's no annual fee to worry about. Talk about a flexible, valuable cash-back rewards small business credit card. American Express is a CardRatings advertiser. Terms apply.
The Bonus: There's no traditional bonus right now, but you can take advantage of an introductory offer of 0% interest on purchases for 15 months (then, 14.49% - 21.49% Variable), which could save you a ton of money if you have some big expenses coming up. Terms apply. See Rates and Fees
The Annual Fee: No annual fee; add employee cards at no additional cost. Terms apply. See Rates and Fees
The Rewards: Earn 5 percent back on the first $50,000 spent each calendar year on wireless telephone service purchased from U.S. providers and on office supply store purchases. Earn 3 percent back on the first $50,000 spent each year in a category of your choice from a list of eight (airfare purchased directly from airlines; hotels stays purchased directly from hotels; car rentals from select rental companies; purchases at U.S. gas stations; purchases at U.S. restaurants; U.S. purchases for advertising in select media; U.S. purchases for shipping; and U.S. computer hardware, software and cloud computing purchases made from select providers). Earn 1 percent back on all your other purchases and once you hit the spending cap in the 5 and 3 percent categories. Terms apply. Read the full review of the SimplyCash® Plus Business Credit Card from American Express.
More Details: This card allows you to earn rewards on spending ABOVE your credit limit (amount over limit is due in full each billing cycle in addition to your minimum amount due), which is just another way this card provides flexible value. You can set individual employee card limits and assign a trusted Account Manager. You'll have access to financial tools like Spend ManagerSM can rest assured with rental car insurance, purchase protection and a baggage insurance plan among many other business-friendly perks and features. Terms apply.
Best small business credit card for travel rewards
Why We Like It: The Capital One® Spark® Miles for Business credit card is a good card to have in your wallet for the businesss traveler who appreciates flexibility. The annual fee is reasonable and the rewards structure is simple. Plus, since you can add employee cards at no additional cost and those employees also rack up rewards on the account, you'll be on the way to travel rewards in no time.
The Bonus: Earn a one-time bonus of 50,000 miles after you spend $4,500 on your new card in the first three months.
The Annual Fee: $0 intro for first year; $95 after that; add employee cards at no additional cost.
The Rewards: It's a simple rewards structure: Earn two miles per $1 on every purchase, every day. The rewards you can earn are unlimited and they don't expire for the life of the account. Read our full Capital One® Spark® Miles for Business review.
More Details: Capital One® Spark® Miles for Business offers purchase security and extended warranty protection, travel and emergency assistance services, auto rental collision damage waiver insurance, no foreign transaction fees, and quarterly and year-end summaries. Plus, cardholders are eligible for up to a $100 reimbursement to cover your one Global Entry or TSA Pre✓® application fee.
To see the rates and fees for the American Express cards mentioned in this post, please visit the following links: SimplyCash® Plus Business Credit Card from American Express (See Rates and Fees)
Disclaimer: The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
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