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Best Small Business Credit Cards for 2017
Small business credit cards can be your ally if you are a small business owner. Not only can you get a line of credit to meet your business expenses, you can also earn cash back or rewards points on your spending. This season, we've noticed quite a few cards offering 0% introductory APR on purchases, which lets you make purchases with your card without having to pay any interest during the first few months, plus many come with no annual fee, including employee cards. Below is GET.com's list of the best business credit cards in the US.
Best Credit Cards for Small Businesses - GET.com's Picks
Here are the best small business credit cards for established and new small businesses based on GET.com's research:
SimplyCash® Plus Business Credit Card from American Express, a GET.com advertiser, has a special offer that lets you earn up to $400: earn $200 statement credit after spending $5,000 or more on qualifying purchases with your Card within the first 6 months of Card Membership, if you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership you can earn an additional $200 statement credit. Earn 5% cash back on purchases made at U.S. office supply stores and on wireless telephone services that you purchase directly from U.S. service providers. Earn 3% cash back on the category that you choose from a list of 8 select categories. These 5% and 3% categories are capped at $50,000 spent per calendar year on purchases (earn 1% cash back after the cap). Earn 1% cash back on your other purchases. Benefit from 0% intro APR on purchases for 9 months, after that there is a 12.74% - 19.74% variable APR based on your creditworthiness. This card has no annual fee. Terms & limitations apply.
Read our review of SimplyCash® Plus Business Credit Card from American Express here.
Capital One® Spark® Cash for Business is a business credit card that rewards you with a one-time $500 cash bonus when you make $4,500 of purchases within 3 months of approval. For every purchase you make, you'll receive 2% cash back. The cash back you earn doesn't expire, and you can earn unlimited cash back. $0 intro annual fee for the first year, $59 after that. Read our review of Capital One® Spark® Cash for Business here.
Bank of America® Cash Rewards for Business MasterCard® credit card gives you 3% cash back for purchases at gas stations and office supply stores, 2% on purchases at restaurants, and 1% on your other purchases (Up to $250,000 in combined gas station and office supply store purchases annually; then a 1% earn rate after that). You can earn a $200 statement credit, after making $500 in purchases using your new card within 60 days of account opening. You can redeem your cash rewards for cash back, or even apply them to a Bank of America® savings or checking account. Enjoy 0% intro APR on purchases for the first 9 billing cycles with 11.74% - 21.74% variable APR thereafter. This business cash back card has no annual fee.
Capital One® Spark® Cash Select for Business is a business cash back credit card that offers a one-time $200 bonus if you spend $3,000 on purchases within 3 months of approval. This card also lets you earn 1.5% cash back on all your purchases! Your cash back doesn't expire and there is no limit on the cash rewards you can earn. Redeem your cash back anytime. There is a 0% intro APR on purchases for 9 months (13.49% - 21.49% variable APR thereafter). All additional employee credit cards have no annual fee. $0 annual fee. Read our review of Capital One® Spark® Cash Select for Business here.
The Business Platinum® Card from American Express OPEN, a GET.com advertiser, is a charge card that has an offer that lets users earn up to 75,000 Membership Rewards® points. Here's how: you'll earn 50,000 Membership Rewards points after you spend $5,000 and an extra 25,000 points after you spend an additional $10,000 on qualifying purchases within your first 3 months of Card Membership. This premium card offers complimentary access to more than 1,000 airport lounges all around the world and gives users access to over 40 benefits. Earn 50% more Membership Rewards® points on each qualifying purchase of $5,000 or more - that's 1.5 points per $1. You can earn up to 1 million additional points. Eligible purchases under $5,000 will let you earn 1 point per dollar spent and points do not expire. Receive a 50% Airline Bonus when you pay for some or all of a flight with your selected qualifying airline through American Express Travel. Another interesting perk is complimentary, unlimited Boingo Wi-Fi at over 1,000,000 Boingo hotspots around the globe, plus 10 Gogo inflight internet passes annually when you enroll your card with Gogo. $450 annual fee. Terms & Restrictions Apply. Here is our detailed review of The Business Platinum® Card from American Express OPEN.
The Business Gold Rewards Card from American Express OPEN, a GET.com advertiser, is a charge card that lets you earn 50,000 Membership Rewards® points after spending $5,000 in purchases on your Card within the first 3 months of Card Membership. Earn 3 points on one category of your choosing (of 5 to choose from) and 2 points on the remaining 4 categories. Each of these categories is capped at $100,000 per year. Earn 1 point on other eligible purchases. There is a $0 introductory annual fee for the first year, then $175. No foreign transaction fees. Terms & limitations apply. Read our detailed review of The Business Gold Rewards Card from American Express OPEN here.
The Blue for Business® Credit Card from American Express, a GET.com advertiser, is a rewards credit card that lets you get 10,000 Membership Rewards® points after making your first purchase on the Card within the first 3 months of Card Membership. These points are valued at up to $100 in gift cards at select merchants. Plus, get 30% more points on purchases with an annual points bonus. Earn 10X points at U.S. restaurants for the first 6 months (as a limited time offer that expires 02/22/2017) on up to $2,000 in purchases. Earn 2X points on all qualifying purchases on the first $50,000 spent the first year. This card has a 0.0% introductory APR for 12 months on purchases, 11.74% - 19.74% variable APR on purchases thereafter. $0 annual fee and no annual fee for each additional Employee Blue for Business® Credit Card. Terms and Conditions Apply. Here is our review of The Blue for Business® Credit Card from American Express.
U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® lets you earn a new cardmember bonus of $150 after spending $500 in net purchases within the first 90 days of account opening. Earn 3% cash back on gas purchases, cellular services, and office supply store net purchases. Earn 1% cash back on your other purchases. Earn unlimited rewards that don't expire. Each account anniversary year you will get a 25% Annual Rewards bonus (up to $250) - equal to 25% of the cash back you earned that year. Benefit from 0% introductory APR on qualifying purchases for the first 9 billing cycles with a 12.49% - 18.49% variable APR after the promotional period. No annual fee. Here is our review of U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®.
Bank of America® Travel Rewards World MasterCard® for Business credit card lets you earn 1.5 points for each $1 you spend on all purchases. You earn 3 points for every $1 that you spend on travel booked through Bank of America's Travel Center. Earn 25,000 bonus points after charging $1,000 on your account within 60 days of account opening. This card has a 0% introductory APR for the first 9 billing cycles on purchases followed by 11.74% - 21.74% variable APR, and also has no annual fee. Travel benefits include travel accident insurance, lost luggage reimbursement and auto rental collision coverage. Here is our review of Bank of America® Travel Rewards World MasterCard® for Business credit card.
Gold Delta SkyMiles® Business Credit Card from American Express, a GET.com advertiser, lets you earn 30,000 bonus miles after spending $1,000 in purchases with your new Card within the first 3 months of Card Membership. You can also earn a $50 statement credit after making a Delta purchase with your new Card within this same 3-month period. Earn 2 miles per dollar spent on purchases made directly with Delta. Earn 1 mile for every eligible dollar spent on purchases. Benefit from other travel perks including complimentary first checked bag on flights, priority boarding and 20% in-flight savings (in the form of statement credit) on your eligible purchases. This card has no foreign transaction fees which can help you save when traveling abroad. The annual fee will be $0 for your first year of Card Membership, then $95. Terms and limitations apply.
Read our Gold Delta SkyMiles® Business Credit Card from American Express review here.
Starwood Preferred Guest® Business Credit Card from American Express, a GET.com advertiser, has a welcome offer that lets you earn 25,000 bonus Starpoints® after you use your card to make $5,000 in purchases within the first 3 months! Earn 2 Starpoints® for each $1 spent on eligible purchases that are charged directly to hotels and resorts that are participating in the SPG® program (in addition to the 2 or 3 points you may be eligible for as an SPG member). Earn 1 Starpoint® for each $1 spent on all other eligible purchases. Enjoy a $0 introductory annual fee for the first year, then $95. Terms and limitations apply. Read our review of Starwood Preferred Guest® Business Credit Card from American Express here.
Capital One® Spark® Miles for Business rewards you with a one-time bonus of 50,000 miles when you spend $4,500 on purchases within 3 months of approval. With this card, you will also earn 2 miles for every dollar you spend on all your purchases. Earn unlimited miles that don't expire. Miles can be redeemed for travel purchases as well as cash back, gift cards, and more. Miles can be redeemed for flights on any airline, with no blackout dates. No foreign transaction fee. This card has a standard 17.49% variable APR
for purchases and balance transfers. It has a $0 intro annual fee for the first year, $59 after that. Read our review of Capital One® Spark® Miles for Business here.
Capital One® Spark® Miles Select for Business rewards you with 1.5 miles for every dollar you spend on purchases with your card, as well as a one-time bonus of 20,000 miles when you spend $3,000 on purchases within 3 months of approval. With this card, you will also enjoy a 0% intro APR on purchases for 9 months, after that there is a standard 13.49% - 21.49% variable APR. The miles you earn can be redeemed for air travel, cash, gift cards, merchandise, and more. Every year you'll receive an itemized report on your spending at no additional cost. No annual fee. Read our review of Capital One® Spark® Miles Select for Business here.
Platinum Delta SkyMiles® Business Credit Card from American Express, a GET.com advertiser, has a welcome offer that lets you earn 35,000 bonus miles plus 5,000 Medallion®Qualification Miles (MQMs) after you spend $1,000 in purchases on your new Card in your first 3 months. Additionally you earn a $100 statement credit after you make a Delta purchase with your new Card within your first 3 months. Charging $1,000 of purchases in 3 months is pretty attainable if you use this card to pay for all your business purchases. The 35,000 miles alone would be a reason to apply for this card, and the MQMs and $100 statement credit only add to that. As for the card, it has no foreign transaction fees and as a cardholder you get your first checked bag free which saves you up to $50 on a round trip Delta flight. Other Delta perks include priority boarding, in-flight savings (20% savings on eligible in-flight purchases in the form of a statement credit) and a Delta Platinum Companion Certificate (domestic Main Cabin round-trip companion certificate each year upon renewal of your Card). The Annual Miles Boost® for Platinum is another powerful miles-earning tool which lets you earn 10,000 bonus miles and 10,000 MQMs each calendar year in which you charge $25,000 in purchases to the Card. If you make $50,000 in purchases on the Card you earn an additional 10,000 bonus miles and 10,000 MQMs each calendar year. On top of that you earn 2 Miles per dollar spent on purchases made directly with Delta and 1 mile on every eligible dollar spent on purchases. In addition to flights, you can also redeem miles towards Delta seat upgrades. Other redemption options include car rentals, gift cards, merchandise and more. Miles don't expire. Terms and limitations apply. There is a $195 annual fee, but the opportunities to earn miles and the Platinum benefits make it money well spent, if you actually use them to the full.
CitiBusiness® / AAdvantage® Platinum Select® World MasterCard® is especially designed for businesses with an established credit history. As a limited time offer, you earn 50,000 American Airlines AAdvantage® bonus miles after spending $3,000 in purchases within the first 3 months of opening your account. Earn 2 AAdvantage® miles per $1 spent on eligible American Airlines purchases. You will also earn 2 AAdvantage® miles per $1 spent on purchases at select car rental, telecommunications and at gas stations. Earn 1 AAdvantage® mile per $1 spent on your other purchases. Travel perks include Group 1 Boarding on American Airlines flights, first checked bag for free on domestic American Airlines flights for you and up to 4 traveling companions whose tickets have been purchased with this card and are on the same reservation. Save 25% on in-flight food and beverage purchases when using this card on American Airlines flights. The $95 annual fee is waived for the first 12 months. Read our review of CitiBusiness® / AAdvantage® Platinum Select® World MasterCard® here.
Business Green Rewards Card from American Express OPEN, a GET.com advertiser, is a business charge card that lets you earn 5,000 Membership Rewards® points after your first purchase with this Card. When you book on the American Express Travel website you can earn double Membership Rewards® points for each dollar of eligible purchases. You will earn 1 Membership Rewards® point for every dollar you spend on other eligible purchases. You can redeem your points toward merchandise, gift cards, entertainment, and more. There is a $0 introductory annual fee for the first year, then $95. Terms and limitations apply. Read our review of Business Green Rewards Card from American Express OPEN.
The Plum Card® from American Express OPEN, a GET.com advertiser, is a charge card that gives you flexibility when making your monthly payments. With this card you can enjoy up to 60 days to make your payments without interest, or you can get a 1.5% discount for paying early - or both each month. No foreign transaction fees. Introductory annual fee of $0 for the first year, then $250. No annual fee for employee cards. Terms and restrictions apply.
Read our review of The Plum Card® from American Express OPEN.
Business Credit Card Tips
If you own a small business, we recommend that you carry more than one business credit card so as to maximize the potential of each one for the overall benefit of the business. For example, you can consider having one card with 0% APR offer or a low interest rate for carrying balances, and a second card for expenditures that you will repay fully at the end of each month.
This strategy allows you to make full use of the cash back or rewards features of your small business credit card, and you can earn up to 5% cash rebates on business-related spending, such as office supplies or gas.
Over the long-term, business credit cards can help your small business build a credit history with business credit bureaus so that your business will have a credit history of its own, instead of being linked to your personal credit history.
Business Credit Card Benefits
A business credit card is a card that you use for your business rather than your personal finances. If you use a business credit card for all your business spending, you will benefit from accurate accounts of business spending in the form of card statements. That makes it much easier to keep your accounts.
Today business credit cards and charge cards offer most of the same benefits that you get with your personal credit cards. Plus, many business cards also offer special tools and services that can save your business time and money.
For example, some business cards provide employee cards at no additional cost. Some also provide custom, itemized reports of your spending (a big plus at tax time), and let you securely download your purchase records into multiple formats (like Quicken, QuickBooks and Excel), which makes accounting a whole lot easier.
Types of Business Credit Cards
Using a business credit card that lets you earn cash back on purchases is a fuss-free way to save on business expenses. When you make a purchase using a card like this, you earn cash back (normally a certain percentage of each purchase).
Depending on which card you use, you can redeem your cash back as cash checks, statement credits, deposits into a bank account, or even for gift cards, merchandise or travel.
Earning points that you can redeem through a rewards program could be a good fit for your business, if a particular rewards program includes offers that can help you save on business expenses.
Most good rewards programs offer a lot of flexibility in the way you can earn and redeem points. In some cases the merchandise or services that you can redeem points for may offer better value than what you would get if you paid for those things in cash.
Business rewards cards like The Business Gold Rewards Card from American Express OPEN, a GET.com advertiser, comes with extensive rewards programs that can help you get better value for the rewards you earn.
If you or your employees travel a lot on business, then a miles credit card could save you money. You earn miles or similar travel rewards when you make purchases, and you can then redeem these miles towards travel.
Some miles cards like Gold Delta SkyMiles® Business Credit Card from American Express, a GET.com advertiser, and CitiBusiness® / AAdvantage® Platinum Select® World MasterCard® let you earn actual frequent flyer miles that you can redeem directly through your frequent flyer program.
Other miles cards like Capital One® Spark® Miles Select for Business give you miles that translate into a certain amount of cash value that can be redeemed towards travel purchases.
These cards can be a real saver if you take a lot of business trips and stay at hotels. Many large hotel groups have their own hotel credit cards for businesses. These let you earn rewards on purchases which you can then redeem for hotel accommodation.
Starwood Preferred Guest® Business Credit Card from American Express, a GET.com advertiser, is an example of a business credit card that lets you earn hotel rewards. Cards like this usually give you special privileges when you stay at their hotels.
How we rate business credit cards and charge cards
At GET.com, we conduct rigorous research into the terms and conditions behind each card benefit. With our business credit card/charge card ratings, we strive to present an accurate gauge of a card's benefits in relation to its fees. We also take into account the overall flexibility of card benefits and their appeal to a broad range of card users. For example, a hotel or airline card may provide excellent benefits for customers of a certain hotel group or airline, but may not have many benefits for non-customers.
Charges that we take into account are the annual fee, foreign transaction fees, cash advance fees, late payment fees and over-limit fees, purchase and balance transfer APR, penalty APR and ATM charges. The scope of the payments network and the issuer's ATM network is also taken into account. Benefits we look for include bonus offers, how rewards are earned and redeemed, introductory APR periods, travel privileges, accounting tools, mobile business apps, employee cards, insurance coverage and unique benefits.
Pedro Pla is co-founder of GET.com. He has been around the globe several times and considers collecting air miles and points from credit cards to be a hobby, if not, an obsession. Email: firstname.lastname@example.org.
Category: Business card