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10 Best Business Credit Cards

business credit cards

Having a business credit card is an extremely convenient way to manage and keep track of your business expenses. Whether you are a freelancer, a small business or a multi million dollar firm. Business credit cards also offers great rewards for your business purchases. In this article, we will try to unveil everything you need to know about how these business credit cards work, the difference between business and personal cards, and also the procedure to apply for a business credit card. Finally we will reveal the best business credit cards of 2019.

Business Credit Card vs. Personal Credit Card

Generally speaking business credit cards and personal cards behave the same way. Businesses accepts all kinds of credit cards, and credit card processing is the same when it comes to making a purchase. It’s important to note that similar to personal cards, business credit cards may affect your personal credit score, even use them exclusively for your business expenses.

Business credit cards have some key differences from personal credit cards on some aspects, following are the major differences:

  • Business credit cards benefits from a higher credit limit than personal cards
  • The business owner may use the same account for multiple employee cards, on top of the main business credit card. However, the owner is the only one responsible for paying off across all cards on the account.
  • Business credit cards are not protected by consumer protection laws, means that late payment fees and other penalties are likely to be much higher than those associated with personal cards
  • Business credit cards usually have special perks and discounts tailored for business owners.

Our Picks for Best Business Credit Cards

10. Bank of America ® Business Advantage Travel Rewards Credit card

Chosen For: Travel Rewards with No Annual Fee

Introductory Bonus: 25,000 points spending a minimum of $1,000 in the first 60 days.

Rewards system: 3x points on all travel expenses booked through the Bank of America® Travel Center, 1.5x points on your all other purchases

Annual Fee: $0

APR: 0% for the first 9 billing cycles, then 13.49% – 23.49% variable

This Bank of America business credit card is perfect for business owners who need a solid set of rewards with lower variable APR and no annual fees. In addition to the generous introductory bonus, the business credit card offers 3x points on your travel expenses; rewards can be redeemed in many ways. other perks are travel coverage and overdraft protection and no foreign transaction fees.

9. The Hilton Honors American Express® Business Card

Chosen For: Travel Rewards, Hilton Customers

Introductory Bonus: 125,000 points when you spend a minimum of $3,000 in the first 3 months.

Reward system: 12x points on your purchases at any Hilton resorts and hotels, 3x rewards on your other purchases

Annual Fee: $95

APR: 17.99% – 26.99% variable

This business credit card is designed to the customers who already spend time at Hilton hotels. The introductory bonus offer for this card is very attractive, you can use it for up to 20 free nights at any participating Hilton hotel. Business card owner can also benefit of free room upgrades, 1 free night when you spend more than $15,000, Hilton Honors Gold guest status and no foreign transaction fees, .

8. Marriott Bonvoy Business™ American Express® Card

Chosen For: Marriott Customers, Travel Rewards

Introductory Bonus: Get 75,000 points after spending a minimum of $3,000 in the first 3 months

Rewards: tiered points system of 6-4-2 for all your purchases. 1 Free Night per year, plus a Free Night when you spend above $60,000 in a year.

Annual Fee: $125

APR: 17.99% – 26.99% variable

The perks in The Bonvoy business credit card are special. You can get 6x points when you check in at a participating Marriott hotel, also you can earn 4x points in selected business categories then 2x points for all your other purchases. In addition to nice opportunities for two free nights each year, you’ll also get the automatic Silver Elite guest status when you stay at any Marriott hotel. If you travel for business and are a Marriott fan, this is your credit card of choice.

7. American Express® Business Gold Card

Chosen For: Flexible Rewards

Introductory Bonus: 35,000 points if you spend $5,000 on purchases within 3 months period.

Rewards: 4x points in selected two categories up to $150,000. 1x points on all other purchases. No credit limit.

Annual Fee: $295

APR: None.

American Express® Business Gold Card is perfect to gain more control on your rewards. In addition to a generous welcome bonus, this credit card rewards you for the purchases you make the most in your selected areas, instead of getting locked to a single category. Moreover, the high credit limit on your 4x points allows you to get more reward for your dollar. The Points may be redeemed for cash back or used as rewards. You have to make sure to pay the bills within two billing cycles to avoid closure of your account or a hit to your credit score.

6. SimplyCash® Plus from American Express®

Chosen For: Zero Annual Fee

Introductory Bonus: None

Rewards: 5% cash back up to $50,000 per year in selected business categories, then 3% cash back up to $50,000 per year in one specific category of choice. Finally 1% cash back on all other purchases.

Annual Fee: $0

APR: 0% for 15 months, then 14.49% to 21.49% variable

SimplyCash as the name suggest is perfect for small businesses that needs to enjoy a fair cashback and no annual fees . The cashback system is tiered and allows a great flexibility in choosing your 3% category where you purchase the most. The long 0% APR introductory period benefits businesses with big upcoming expenses, and need some time to pay off the balance. It also comes with purchase protection that provides reimbursements for damaged or lost items within 90 days. One disadvantage of this credit card is a foreign transaction fee of 2.7%, not ideal for big overseas purchases.

5. Capital One® Spark® Miles for Business

Chosen For: Travel Miles Rewards

Introductory Bonus: 50,000 miles, valued at $500, if you spend a minimum of $4,500 in the first 3 months

Rewards: Unlimited 2x miles per $ on all purchases. Free additional employee cards.

Annual Fee: $0 for the first year, $95 for following years

APR: 19.24% variable

If you are a big traveler, owns a small business and does not make large purchase then The Capital One® Spark® Miles for Business credit card is a solid choice with a nice opening bonus and double miles on every $ spent. The miles you earn never expire and may be used for any type of travel. Also there is no foreign transaction fees, and reimbursement fees for cancelled trips due to uncontrollable circumstances (weather, illness,..)

4. The Business Platinum® Card from American Express®

Chosen For: Travel Rewards

Introductory Bonus: 50,000 points when you spend a minimum of $10,000 in the first 3 months, plus an additional 25,000 points when you spend another $10,000. The reward is valued at $1,000.

Rewards: 5x points on prepaid hotels and air travel, booked through AmEx, 1.5x points on single purchases for more than $5,000, finally 1x points on every other purchases

Annual Fee: $595

APR: 0%

The Business platinum card is easily worth the high annual fees when you plan to make large purchases and travel frequently. In addition to the generous introductory bonus and high point value for airfare and hotels, you may also redeem your earned points for airline seats, and benefit of a 35% discount on your purchase. The Business Platinum card from American Express has no foreign transaction fees and allows the possibility for upgraded Hilton Honors and Starwood Preferred Guest Gold status. Also if you are confident to pay the bills on time and in full, the 0% APR is a considerable perk of this amazing credit card.

3. Chase Ink® Business Cash Credit Card

Chosen For: Cashback, Chase Customers

Introductory Bonus: $500 cashback when you spend $3,000 in the first 3 months

Rewards: 5-2-1 tiered percent cashback

Annual Fee: $0

APR: 1 Year 0% APR on transfers and purchases, 15.49% – 21.49% after 12 months

The cashback on the Ink card is tiered so you can earn 5% cashback on office supplies, phone, internet up to $25,000, and 2% back on gas and restaurants up to $25,000. The last tier  cashback is at 1% with no cap. One of the best advantages of this card is the possibility to transfer your rewards to your Sapphire Preferred or Ink Preferred account, where you can add them to your Ultimate Rewards account. Each point is worth 25% more in Ultimate Rewards. If you need a flexible rewards and a reliable cashback system, or if you already have another Chase business credit card, this particular Ink Business Cash Credit Card is a great pick for you.

2. Capital One® Spark® Cash for Business

Chosen For: Cashback

Introductory Bonus: $500 when you spend a minimum of $4,500 in the first 3 months

Rewards: Unlimited 2% cashback on all your purchases, plus free additional employee cards

Annual Fee: $0 for the first year, $95 for following years

APR: 19.24% variable

If you prefer straight cash instead of reward points, the Capital One Spark Cash for Business is for sure the best credit card for your business. With 2% cash back reward which has no upper limit, you are able to receive your cashback as either a statement credit or as a check. Another advantage of the Spark Cash card is no foreign transaction fees! The card has also a reasonable introductory bonus, accompanied with the straightforward rewards structure makes this one the perfect pick for businesses who want something simple and effective.

1. Chase Ink® Business Preferred

Chosen For: Travel Rewards, Overall Rewards

Introductory Bonus: 80,000 points after you spend a minimum of $5,000 in the first 3 months

Rewards: 3x points for business purchases and travel up to $150,000, unlimited 1x points for all other purchases

Annual Fees: $95.00

APR: 18.24% – 23.24%

The Chase Ink Business Preferred card offer the best signup bonuses on our list, at approximately $800 in statement credits or $1,000 on travel purchases. The Chase business credit card also offers primary rental car insurance and cell phone insurance covering up to $600 if you pay your business phone expenses with the card. Without any foreign transaction fees, 1x points on all your purchases and no penalties for trip changes and cancellations this credit card is the best for your travel expenses.

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