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The best small business credit cards can offer an alternative means of financing your business expenses and can earn rewards that help you save in the long-run. Whether you’re running an incorporated business or a sole proprietorship, you might benefit from signing up for a business credit card.
The Best Small Business Credit Cards
In this article, we’re comparing some of the most popular small business credit cards on the market. We’ll look at options for new businesses, self-proprietor businesses, businesses working with average credit, businesses looking to finance upcoming purchases, and businesses wanting to earn rewards on their regular spending.
Chase Ink Business Preferred: High Rewards
To start, here’s what you stand to earn (and spend) with the card:
- $95 annual fee
- 80,000 points after you spend $5,000 in the first 3 months from account opening
- 3x points on travel; shipping purchases; internet, cable and phone services; advertising purchases made with social media sites and search engines (for the first $150,000 spent in combined purchases each anniversary year)
- 1x points on all other purchases
That sign-up bonus can be worth as much as $1,000 if you redeem your points for travel through Chase Ultimate Rewards. Otherwise, you’ll have the option to transfer your points to one of Chase’s airline or hotel transfer partners, or to another Chase account held by you, your spouse, or your domestic partner.
If your spending regularly falls within this card’s bonus spending categories, those high rewards and flexibility might be enough to justify the card’s annual fee. Beyond that, you’ll be able to take advantage of the card’s perks and protections, including cell phone protection, Trip Cancellation/Trip Interruption Insurance, Travel and Emergency Assistance Services, and more.
The Ink Preferred is a great compliment to the personal Chase Sapphire Preferred®.
Chase Ink Business Cash: No Annual Fee
The Ink Business Cash℠ Credit Card doesn’t offer all of the perks and protections of the Ink Business Preferred, but it’s a solid choice for small businesses that spend less than $50,000 in the card’s bonus spending categories.
The Ink Business Cash carries no annual fee and offers a $500 sign-up bonus when you spend $5,000 in the first 3 months. For businesses with relatively low expenditures, that’s already a nice offer. Outside of that sign-up bonus, here’s what you can earn:
- 5% cash back at office supply stores and on internet, cable and phone services (on the first $25,000 spent in combined purchases each anniversary year)
- 2% cash back at gas stations and restaurants (on the first $25,000 spent in combined purchases each anniversary year)
- 1% cash back on all other purchases
The Ink Business Cash℠ Credit Card does tag on some nice perks and protections, though not nearly as many as the Business Preferred. Still, this card can be a great deal if your business needs to finance upcoming purchases.
However, if you spend more than $50,000 annually in its bonus categories, you might be better off with the Business Preferred.
American Express Blue Business Cash Card: Ease Use, No Annual Fee
If you prefer a business credit card without an annual fee (See Rates & Fees) that earns cash back, the American Express® Blue Business Cash Card (formerly known as the American Express SimplyCash Plus Business) earns 2% cash back on all eligible purchases, up to $50,000 per calendar year. After that, you’ll earn 1% cash back. All of the cash back you earn is credited to your statement automatically.
It also comes with Expanded Buying Power§ which gives cardholders the ability to spend beyond their credit limit. This means you can purchase those high-price items while still earning rewards. While the amount you are able to spend is not unlimited, it can be improved should you need it.
The amount will adjust with your usage of the card, your history regarding payments, your credit record, and your financial resources that American Express is able to review. Amex may have other factors that they consider, depending on the application.
The American Express Blue Business Cash Card might be a better option if you want simplicity. You don’t have to worry about activating categories or try to figure out what rewards your purchases earn. Since you won’t have to pay an annual fee, this makes this card an easy addition to your wallet, even if you only use it for the 2% cash back.
Capital One Spark Cash for Business
- $500 cash bonus when you spend $4,500 in the first 3 months
- Unlimited 2% cash back on all purchases
- $0 intro annual fee (then $95/year)
The Capital One® Spark® Cash for Business is also largely similar to the Venture Card, with 2% cash back and no annual fee for the first year (followed by a $95/year fee). However, instead of travel perks, it comes with business perks like free employee cards and an itemized business expense breakdown at the end of the year.
On top of that, you’ll be able to earn a $500 bonus when you meet the $4,500 spending minimum within 3 months of account opening. Considering you’ll receive that bonus as cash back, that’s really as flexible as it gets.
Finally, like the Venture card, there’s no redemption minimum for the Capital One® Spark® Cash for Business. You might be able to earn higher rewards with higher end business cards from Chase and AMEX, but Capital One knows where it excels: simple, straightforward, valuable rewards cards.
Which Small Business Credit Card Is for You?
Deciding on a new small business credit card always comes down to multiple factors. Luckily, each of these cards caters to unique needs.
The Ink Business Preferred℠ Credit Card caters to businesses that fully pay their statement each month and want to earn valuable rewards. However, the Preferred is also geared toward specific spending habits and needs. If the Preferred’s spending categories don’t align with your needs, you might have more luck with the American Express® Blue Business Cash Card.
On the other hand, you might not be concerned with earning rewards. If building credit or financing purchases is your priority, you might want to go in a different direction. The Ink Business Cash is specifically geared toward businesses that need to finance upcoming purchases.
Otherwise, if your credit isn’t quite there yet, you can turn to the Capital One® Spark® Classic for Business to get your credit where it needs to be without having to pay an annual fee.
For rates and fees of the American Express Blue Business Cash Card, please click here.The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.