If you have a business, chances are good that you have expenses that need to be made online, or expenses which require a credit or debit card. Credit cards are easier for expenses such as travel, rental cars, and similar expenses because they don’t tie up funds held in your business checking account. As long as you have the cash flow to pay the bill each month, credit cards are a great way to go.
Business credit cards are also a great way to track and categorize business expenses, or monitor employee spending. If you are looking for a new business credit card, then be sure to check out these offerings, all of which offer some form of a rewards program, including, cash rewards, rewards points, travel points, and more.
Top Small Business Credit Cards
Ink Cash(SM) Business Card. In my opinion, the best small business credit card currently on the market is the Ink Cash(SM) Business Card, which features a nice cash rewards program and a very generous sign up bonus. Cardholders will earn $100 cash back after making their first purchase, and can earn another $150 cash back after spending $5,000 within 3 months, which is good for a total of $250 cash back. Cardholders will also earn 5% cash back on the first $25,000 spent annually on office supplies, cellular/landline phone service, and cable services, 2% cash back on the first $25,000 spent annually on gas and dining, and 1% cash back on all other purchases with no limit on the amount of cash back you can earn. Your rewards never expire and you can earn up to 10% cash back when you shop online through Chase Rewards Plus.
To top it off, the Ink Cash(SM) Business Card comes with an intro APR of 0% on balance transfers and purchases for 12 months, roadside assistance for towing and locksmith services, and travel accident insurance, among other features. The Ink Cash(SM) Business Card requires excellent credit for approval. There is no annual fee and you can get free additional cards for employees. Visit this link to apply or for more information: Ink Cash(SM) Business Card.
The Plum Card(R) from American Express OPEN offers users a unique feature if they pay their card off early: the The Everything, Everywhere Trade Terms Card(SM). This gives card holders the option to receive a 1.5% discount if they pay their card off in full within 10 days. If you need a little more time to pay the balance, you can pay 10% up front, then take up to 2 months to pay off the balance interest free. Cardholders can get additional discounts from merchants with OPEN Savings(R). This card is powerful cash flow management tool for businesses with large annual expenses or with irregular cash flow as it can be used to get cash back when payment is made within 10 days, or businesses can opt to extend payments for up to 2 months with no additional interest payments. There is an annual $185 fee, which is waived for the first year.
Ink(SM) Classic Business. The Chase Ink(SM) Classic Business is a rewards travel card designed for small and medium business owners with solid credit. This card offers a sweet intro bonus of up to 25,000 bonus points in your first 3 months: 10,000 bonus points after your first purchase, and another 15,000 points after spending $5,000 within 3 months of being a cardmember. That equals a total possible rewards bonus of $250 redeemable for a statement credit, travel, merchandise, or more. You can earn 5X points per dollar on the first $25,000 spent annually on office supply store purchases, cellular/landline phone service, and cable services*, and you can earn 2 points per dollar on the first $25,000 spent each year on fuel and lodging, and all other purchases earn 1 point per dollar spent. There are no caps on the amount of rewards you can earn and your points never expire.
The card comes with a 0% intro APR for the first twelve billing cycles. No annual fee is included in the Ink(SM) Classic Business and additional cards can be given at no cost. Visit this link to apply or for more information: Ink(SM) Classic Business.
The New Business Gold Rewards Card from American Express OPEN is ideally suited for established businesses with positive cash flow and an excellent credit history. This card is also best suited for companies with 2 or more employees and revenues of $250,000 per year. The advantages of The New Business Gold Rewards Card from American Express OPEN include an unlimited rewards potential – there are no limits to the amount of Membership Rewards(R) you can earn and no expiration date on rewards. Cardmembers earn 3X points on airfare, 2X points on advertising, gas, and shipping, and 1X points on everything else*. For a limited time, new cardholders can earn 5X points on shipping and advertising for the first 3 months of Card membership. No annual fee for the first year.
Ink(SM) Bold with Ultimate Rewards. The Ink(SM) Bold with Ultimate Rewards offers the ability to earn unlimited rewards that never expire, and for a limited time, you can earn up to 50,000 bonus points in your first year: 25,000 points after your first purchase, and another 25,000 points after you spend $10,000 in your first 3 months of owning this card. That is enough points to redeem for $500 or $625 twoard airfare when you book through the Ultimate Rewards online tool. You can earn 5x points on the first $50,000 you spend each year on eligible business purchases, and this card doesn’t have any foreign transaction fees. This is a charge card meaning your bill is due in full each month, but you have no interest expense and 30 days to pay. No annual fee for first year. For more information, or to apply for a card, click this link: Ink(SM) Bold with Ultimate Rewards.
Starwood Preferred Guest® Business Credit Card from American Express OPEN. The Starwood Preferred Guest® Credit Card is one of the best business travel rewards credit cards on the market. It is available in both consumer and business versions, making it a great card for people who travel frequently for business or pleasure. Get up to 25,000 Starpoints® with the Starwood Preferred Guest® Credit Card: new cardholders will receive 10,000 bonus Starpoints after your first purchase, and another 15,000 bonus Starpoints when you spend $5,000 in 6 months. That is enough points for up to 6 free nights in a category 1 or 2 hotel. This card also also offers one Starpoint for every dollar spent and 2 Starpoints for every $1 spent at Starwood hotels. Points can be redeemed at over 1,000 hotels in over 100 countries. The $65 annual fee is waived for the first year.
AT&T Universal Business Rewards Another top business credit card the AT&T Universal Business Rewards card, which offers ThankYou Points on many business related purchases and allows you to add employees to your account. No fees and a 0% APR intro period makes this a nice card for most small business applications. There is a 0% Intro APR* on purchases for 6 months and you can earn Earn 5 ThankYou Points® for every dollar you spent on eligible AT&T products and services, 3 ThankYou Points for every dollar spent on purchases at certain office supply merchants, gas stations, and on professional services and 1 ThankYou point for every dollar spent on other purchases. There is no annual fee and you can add card for employees with credit limits you set. This card is designed for businesses with an established credit history. For more information, or to apply for a card, click this link: AT&T Universal Business Rewards.
Visa® Business Platinum with No Hassle Cash. The Capital One Visa® Business Platinum is a solid cash rewards card offering 1% cash back on all purchases. You can also save money by taking advantage of the 0% Intro APR until April 2012. The best feature of this card is the business tools which are built into every card. Examples include a free year-end summary providing an an itemized report of your spending to help simplify planning, budgeting, and tax time. You can add employee cards with no annual fees, and set individual spending limits for employees and track their purchases on your monthly statement. All cards come with a $0 Fraud Liability Protection, meaning you won’t be responsible for unauthorized charges if your card is lost or stolen. There is no annual fee for this card.
Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are authors alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.
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{ 6 comments… read them below or add one }
I have a Starwood Preferred Guest and have been most impressed with it. I would recommend it to anyone.
Plus American Express has great customer service.
AmEx does have great customer service. I had their Gold Business card for a couple years, until I decided I didn’t want to pay the annual fee (I was able to get it waived the first two years).
Nice article!
For travelers citi is way to go, i recommend it to everybody.
Thanks for the references!
we are trying to get to 1 million miles on AA to achieve lifetime gold. i was told the starwood card will transfer points to AA. how many dollars can you run through the card on an annual/monthly basis ( is there a limit ?) With the business version can i have all of my employees funneling their spend into my account?
thanks
Herm
Herm, I recommend contacting AmEx for details specific to your card and company. There are some cards out there that may have different terms, depending on when you became a card holder. Your customer service rep should be able to answer these questions. Best of luck!
I have recently taken advantage of a lot the deals out there for Credit Cards. My girlfriend lives across the country and so finding cheap tickets is a challenge. If you look carefully there are many cards willing to give you free miles/tickets if you only use your card. I say take advantage of these offers so long as you don’t fall into debt or mess up your credit score exponentially!