Best small-business credit cards of June 2022

eligibility and benefit grade varies by card. Terms, conditions and limitations apply. Please visit AmericanExpress.com/BenefitsGuide for more details. Underwritten by Amex Assurance Company. The information about the Bank of America® Business Advantage Cash Rewards Mastercard® credit circuit board, Brex Corporate Card for Startups and the U.S. Bank Cards has been collected independently by Bankrate.com. The calling card details have not been reviewed or approved by the card issuer .

Comparing the top business credit cards

A closer look at our top business credit cards

Bank of America Business Advantage Customized Cash Rewards Mastercard credit card: Best for choice of cash back category

  • What we love about the Bank of America Business Advantage Customized Cash Rewards Mastercard: Cardholders get the autonomy to choose where they can earn the most back in select categories for their spending, a rarity in business rewards cards.
  • Who this card is good for: Business owners who may benefit from boosted rewards rates on purchases at gas stations, office supply stores and travel, as these are aligned with this card’s cash back choice categories.
  • Alternatives: Businesses with consistent monthly spending categories that prefer to go with a cash back option may prefer the Ink Business Cash Credit Card. You’ll earn a hefty 5 percent cash back on office supplies, phone and internet services, and 2 percent cash back at U.S. gas stations and restaurants (on the first $25,000 spent in combined purchases each account anniversary year).

Learn more : Is the Bank of America Business Advantage Customized Cash Rewards Mastercard worth it ?
Read our full Bank of America Business Advantage Customized Cash Rewards Mastercard credit card review or jump spinal column to offer details .

Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card: Best for Bank of America loyalists

  • What we love about the Bank of America Business Advantage Unlimited Cash Rewards Mastercard: You get 1.5 percent cash back on all purchases, meaning you don’t have to worry about tailoring your spending a certain way. You can also boost those rewards significantly if you qualify for the Bank of America Preferred Rewards program.
  • Who this card is good for: Business owners whose purchases cover a few different spending categories.
  • Alternatives: Big spenders willing to look beyond Bank of America may find more value with the Capital One Spark Cash Plus card and its 2 percent unlimited cash back on all eligible purchases.

Read our entire Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card revue or jump back to volunteer details .

Capital One Spark Cash Plus: Best for no-hassle cash back

  • What we love about the Capital One Spark Cash Plus: The 2 percent flat-rate cash back on this card is significant. Your rewards also won’t expire for the life of the account and you can redeem your cash back for any amount. You can also earn an annual cash bonus of $200 every year you spend $200,000 or more.
  • Who this card is good for: Small-business owners who want a no-hassle way to earn cash back rewards on business purchases.
  • Alternatives: Like the Spark Cash Plus, The Plum Card® from American Express also comes with no preset spending limit. Especially attractive for business owners who may need a little extra time to pay the bill, the Plum Card lets you carry a balance for 60 days.

Learn more : capital One Spark Cash Plus Benefits Guide.
Read our full Capital One Spark Cash Plus review or jump bet on to extend details.

American Express Blue Business Cash Card: Best for startups

  • What we love about the Blue Business Cash Card: This card offers Expanded Buying Power, a potential game-changer for a new business. This benefit gives you the option of exceeding your credit limit without paying an over-limit fee (see terms).
  • Who this card is good for: The American Express Blue Business Cash Card is a great match for new businesses, freelancers and artisans looking for a flat-rate cash back option.
  • Alternatives: Small businesses who prefer the value of points over the convenience of cash back may prefer the Blue Business Plus Credit Card from American Express. It’s also worth noting that Amex Membership Rewards points can be transferred to partnering hotels and airlines, often boosting points value.

Learn more : Is the American Express Business Platinum worth it ?
Read our full American Express Blue Business Cash inspection or jump back to crack details .

Ink Business Unlimited Credit Card: Best for unlimited cash back

  • What we love about the Ink Business Unlimited Credit Card: It’s not uncommon for business credit cards to charge fees for additional employee cards, but the Ink Business Unlimited provides them for no additional cost. You can also set individual spending limits for employee cards.
  • Who this card is good for: Small-business owners who are new to rewards will find a lot to like about the Ink Business Unlimited.
  • Alternatives: The Capital One Spark Cash Select – $500 Cash Bonus offers the same rewards rate, but its sign-up bonus comes with a much lower spending requirement ($500 bonus when you spend $4,500 within the first three months).

Learn more : Ink Business Unlimited Benefits Guide.
Read our full Ink Business Unlimited Credit Card inspection or jump rear to offer details .

Ink Business Cash Credit Card: Best for office supplies

  • What we love about the Ink Business Cash Credit Card: The bonus categories, which include office supply stores, cable, internet and phone services, are uniquely valuable to many types of businesses.
  • Who this card is good for: Small-business owners, e-retailers and Etsy store owners who spend a lot on internet, phone and office supplies.
  • Alternatives: If most of your monthly business expenses fall beyond routine office supplies, you may find that a flat-rate card like the Ink Business Unlimited® Credit Card offers more value.

Learn more : Ink Business Cash Benefits Guide.
Read our full Ink Business Cash Credit Card review or rise back to offer details .

The Blue Business Plus Credit Card from American Express: Best for everyday business expenses

  • What we love about the Blue Business Plus Credit Card from American Express: Besides its travel redemption options, the Blue Business Plus comes with rental car insurance as well as access to the Global Assist® Hotline, which can help with emergencies such as a lost passport or missing luggage.
  • Who this card is good for: Small-business owners who want to redeem rewards for travel.
  • Alternatives: Business owners with high monthly expenses may get more value from the Capital One Spark Cash Plus Card, which also offers 2 percent cash back but without a cap on rewards.
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Read our full The Blue Business Plus Credit Card from American Express review or leap bet on to offer details .

The Business Platinum Card from American Express: Best for luxury travel

  • What we love about the Business Platinum Card from American Express: Business travelers get access to over 1,400 lounges worldwide with this card. In addition, cardholders can receive up to $200 a year in airline fee statement credits with a select airline and a fee credit for Global Entry or TSA Precheck along with other notable perks.
  • Who this card is good for: Big spenders who travel often and want to cash in on the most premium travel benefits.
  • Alternatives: If your business doesn’t require much traveling, the American Express Business Gold Card may be a better match. Not only will you spend a lot less on annual fees, but you stand to earn a higher rewards rate on your top expense categories.

Read our full The Business Platinum Card from American Express review or alternate back to offer details .

American Express Business Gold Card: Best for a variety of rewards categories

  • What we love about the American Express Business Gold Card: American Express offers six valuable, business-oriented rewards categories. Each billing cycle, you’ll be rewarded at a rate of four points per dollar in whichever two categories your business spent the most within (up to $150,000 in combined purchases per year).
  • Who this card is good for: Small-business owners with ever-changing spending habits. The ability to add employee cards can also help you build rewards and offset the $295 annual fee.
  • Alternatives: Though the Business Platinum Card from American Express comes with a whopper annual fee of $695, globetrotting business owners may find its premium travel perks worth every cent.

Learn more : How to choose between the Amex Business Gold and Amex Business Platinum.
Read our full American Express Business Gold Card review or rise back to propose details .

Capital on Tap Business Card: Best for no annual fee

  • What we love about the Capital on Tap Business Card: This card has no annual fee and no foreign exchange fees, making it ideal for small businesses that frequently make purchases abroad.
  • Who this card is good for: The Capital on Tap Business Card is ideal for small business employees who need to charge expenses.
  • Alternatives: Similarly, the Bank of America Business Advantage Unlimited Cash Rewards card charges no annual fee and offers 1.5 percent cash back. Existing Bank of America customers stand to earn significantly higher rewards through its Preferred Rewards program provided they meet program requirements.

Learn more : Tap into the benefits of the Capital on Tap Business Credit Card.
Read our full moon capital on Tap Business Card review or rise back to offer details .

Ink Business Preferred Credit Card: Best for flexible travel options

  • What we love about the Ink Business Preferred Credit Card: The rewards rates alone make this card valuable for business travelers, but the real icing on the cake is the wealth of redemption options. You can redeem your points for 25 percent more value for travel through the Chase Ultimate Rewards® portal, but you also have the option to transfer your points 1:1 to big-name airline and hotel partners like United, Southwest, British Airways, Marriott and Hyatt.
  • Who this card is good for: Small-business owners seeking travel rewards and an impressive sign-up bonus.
  • Alternatives: The American Express Business Gold Card offers 4X points on spending in your top two categories where your business spent the most each month (up to $150,000 in combined purchases per year). Though the Ink Business Preferred wins out on travel, the Amex Business Gold’s rewards rate may prove to be a better value for businesses with somewhat predictable expenses.

Learn more : How I used my Ink Business Preferred card ’ s sign-up bonus
Read our Ink Business Preferred Credit Card revue or jump back to offer details

Capital One Spark Miles for Business: Best for business travel rewards

  • What we love about the Capital One Spark Miles for Business: While some travel credit cards have complicated rewards structures, the Capital One Spark Miles for Business keeps it simple. You can book travel through Capital One or use your miles to cover travel-related purchases made on your card within the last 90 days, including airfare, hotel bookings, transit and more.
  • Who this card is good for: Budget-conscious business travelers. If you’re looking for even more rewards, free employee cards make it easy to rack up miles on every purchase.
  • Alternatives: The Ink Business Preferred Credit Card charges the same annual fee but comes with a broader range of travel benefits, including trip protection.

Read our full Capital One Spark Miles for Business recapitulation or jump back to offer details .

Divvy Business Card: Best for expense management tools

  • What we love about the Divvy Business Card: This card simplifies expense budgeting by allowing you to set spending limits for employee cards. In addition to expense management and budgeting tools, cardholders can easily request credit limit increases through the platform.
  • Who this card is good for: Business owners looking for a seamless way to manage staff spending. Using the Divvy platform, you can track transactions, create budgets, submit expense reports and reimburse employees.
  • Alternatives: If your business regularly racks up high monthly rideshare expenses, the Brex 30 card offers 8X points on rideshares and also comes with no annual fee.

Read our wide Divvy Business Card recapitulation or alternate back to extend details .

What are small-business credit cards?

business credit cards are exchangeable to personal citation cards, lone tailored to business needs. They can provide businesses with rewards on casual spend, help report expenses and serve in build business credit, making it easier to borrow in the future and qualify for a lower credit card APR. Plus, any income-producing enterprise may be considered a legitimate clientele for a business credit wag. evening if you don ’ t have a register LLC or pot, you may be eligible to apply .
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Bankrate insight
You don ’ t need to own a formal business structure, like a corporation or LLC, to get a business credit calling card. You besides don ’ t need an employer identification number ( EIN ) ; you can apply as a sole owner using a Social Security number. In fact, american samoa long as you sell a good or overhaul, you ’ re normally considered an eligible small-business owner .

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How do business credit cards work?

In practice, clientele credit cards work the lapp as consumer credit cards : You get approved for a specific credit terminus ad quem, which serves as your spending maximum. Your available credit decreases as you make purchases, and it increases as you pay off those purchases. Some business credit cards besides require a personal guarantee from the commercial enterprise owner, meaning the owner promises to pay the credit circuit board balance if the business itself can not repay its debts .
Depending on which type of circuit board you choose, business credit cards frequently come with extra perks and upgrades. These can include occupation credit poster rewards, which are frequently customized to fit the categories where businesses spend most, like office supplies, dining and change of location. The rewards typically come in the shape of cash back or travel miles .

Types of small-business credit cards

Invest some time in determining the ideal type of small-business credit card for your business therefore that you can reap the most valuable benefits. here ’ s a breakdown of different types of business credit rating cards and how they might appeal to you based on your business objectives :

  • Good for : Netting a reelect on your business spend. Just like personal cards, cash back business cards are a popular option for business owners looking for simple ways to put money back in their pockets. Some cash back cards offer a straightforward flat rate on all your occupation expenses while others have tiered rewards in different categories that may be more utilitarian if they align with your outgo .
  • Good for : Owners who want to offset costs of business trips. A commercial enterprise travel credit card is a great way for frequent travelers to earn cash back and take advantage of perks like lounge access and travel insurance. You can often increase the value of the points you earn on these cards even more by redeeming them through issuer membership programs, like redeeming American Express Business Gold Card points through American Express Membership Rewards.

  • Good for : Businesses that need to manage and consolidate debt. If your business has taken on high-interest debts in the past, transferring the proportion to a business citation batting order with a lower APR can help you clear debts more quickly and save money on accrued interest .
  • Good for : Owners that need extra time to finance big purchases. Financing a business can require owners to spend a bunch of money on materials and other expenses to help get the business on its feet. A zero-interest wag normally has a 0 percentage presentation APR offer on purchases, remainder transfers or both. These offers generally last between 12 and 18 months and give business owners time to make interest-free payments. Aim to pay your balances off in full moon before the promotional interest period expires .
  • Good for : Owners who want to maintain fiscal discipline. charge cards differ from credit cards in that they have no pre-set spend limit. rather, purchases are approved based on a phone number of factors in your fiscal history, and you must pay the symmetry in fully each calendar month. charge cards may be a well option if you ’ ra leery of accruing business-related credit rating calling card debt, but make sure your business has the cash stream to cover any charges you make month-to-month. You generally will incur fees and early penalties for miss or partial payments .

Why small-business owners should get a business credit card

business credit cards are designed for small-business owners. While that might bring to mind an image of person operating a physical shopfront, small-business owners take many shapes. Freelancers, abridge workers, eBay merchants and all kinds of gig workers can qualify for business credit cards .
business citation cards are useful for small-business owners who want to :

  • Operate a sole proprietorship: Business credit cards are for all types of businesses. So even freelancers, independent contractors and gig-economy workers with limited startup or working capital can take advantage of a business credit card to cover inventory, cyclical expenses and emergencies.
  • Earn some extra cash: Even if you’re just using the card for occasional purchases—a client lunch here, supplies there—cash back will rack up over time. If you maximize your rewards, you could get even more cash back or points from a business credit card.
  • Use points or miles to cover business travel: Whether you’re a current or aspiring business traveler, a travel rewards business card can put you one step closer to a free flight or hotel stay with every eligible purchase.
  • Separate business expenses from personal expenses: One of the most basic reasons to have a card dedicated solely to business is to track and manage your business expenses. Not only does this help with budgeting, but it makes doing your business’s taxes much easier.
  • Finance a large purchase: If you’re dreaming of taking your business to the next level but don’t quite have the funds to comfortably cut a check, a business credit card can help. Not only can you split up the payments over several months, but you can also avoid interest entirely by making use of a 0 percent introductory APR period.
  • Take advantage of unique perks: Business cards often come with benefits designed to appeal to small-business owners. Common perks include free employee cards, expense tracking tools, quarterly summaries, merchant discounts, purchase protection and travel benefits.
  • Track and earn rewards for employee spending: The best business credit cards let you add employees as authorized users to the account for free. Adding employee cards allows you to track or even manage employee spending. (In some cases, you can pre-set spending limits.) You could also earn rewards off of these purchases.

Pros and cons of small-business credit cards

business credit cards can be a great tool for managing your business ’ randomness cash hang, earning rewards and staying organized, but they aren ’ triiodothyronine for every position. Like any shape of credit, there are benefits and drawbacks .

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Pros

  • Lenient qualification: It can be easier to qualify for a business credit card than a line of credit or a bank loan.
  • Credit limits: Business credit cards usually provide higher credit limits than consumer credit cards.
  • Funds access: A business credit card can help address cash flow concerns.
  • Tax season simplification: Keeping business expenses separate from personal expenses makes tax records simpler to unravel.

Cons

  • Liability: You may be personally liable for any unpaid debt on the cards, and business credit can affect your personal credit.
  • Fewer protections: Business credit cards are not required to offer the same consumer protections as personal cards under the Credit CARD Act of 2009, though many issuers do voluntarily extend these protections to their business products.
  • Higher interest: They can be expensive, with relatively high average interest rates and fees. These costs can eat away at your business’s bottom line if you’re not careful.

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Bankrate insight
coarse small-business fund sources include crowdfunding platforms, bank loans, SBA loans, investors and credit cards. According to the Federal Reserve ’ second 2020 Small-Business Credit Survey, credit cards are the moment most common imprint of finance for small-businesses, used on a regular basis by 53 percentage of small-business owners .

How to choose the best small-business credit card

  • What categories does your business spend the most on each month? If your expenses are concentrated in one category like travel, then search for the best business credit card that offers rewards for those kinds of purchases.
  • Can you afford an annual fee? Some of the best credit cards for businesses come with an annual fee in exchange for better rewards and perks. If you can recoup the cost of the annual fee or afford it outright, then you can unlock more benefits with your business spending.
  • Will you carry a balance on your business credit card? Compare the APRs on the credit cards you’re considering. If you carry a balance from one month to another, expect to pay interest—so finding a card with the lowest APR possible will help mitigate costly charges on your account.
  • Do you want additional card perks? Look further than cash back percentages and points rewards to see what else a card has to offer, from airport lounge access to free additional employee cards and other tools that can help your business grow.

What you need to apply for a small-business credit card

When applying for a clientele credit card you ’ ll need more data than what would be required for a personal credit card application. Know this information or have it readily available when applying for your small-business citation menu :

  1. Your business’s legal structure. A credit card issuer will need to know your business structure and if it has other beneficial owners with a 25 percent or more stake in the business. It can be registered as a corporation, partnership, nonprofit or a limited liability company.
  2. Your business’s legal name. If your business is set up as a corporation or a limited liability partnership, you need to provide your credit issuer with the name you gave the state you registered your business in. If you’re a sole proprietor, or general partnership you can simply provide your own name.
  3. Your federal tax ID. Your EIN—your employer identification number—is the nine-digit number assigned to your business by the IRS. The issuer will use your EIN to verify your business. If you’re operating as a sole proprietor and don’t have an EIN yet, use your Social Security number.
  4. Annual revenue. Your card issuer will want to determine your ability to repay funds if necessary and calculate your debt-to-income ratio. For this, provide your annual business revenue. If you don’t have any, you can provide your personal annual income. You’ll need to provide an estimated monthly spend amount on the card as well.
  5. Credit score. You don’t need good credit to get a business credit card, but if you want one with competitive rates and features, you’ll need good-to-excellent credit. The best small-business credit cards—the ones with low interest rates, generous sign-up bonuses, long intro 0 percent APR offers and more—are reserved for people with a FICO credit score of 670 or higher.

How long does it take to get a business credit card?

After determining which card is the correct burst for your commercial enterprise and going through the application process, you may receive a decision immediately. however, if the issuer needs to take a closer look at your application, you ’ ll most probably receive a decision within two weeks. If approved, your poster may take up to 10 commercial enterprise days to arrive. If your application is denied, consider applying for another card or call the issuer ’ s reconsideration line .

How we rate the best business cards

While we consider all aspects of a credit card when calculating the 5-star Bankrate mark, the criteria for commercial enterprise cards emphasize features most valued by business owners. Scoring on this page places a leaden stress on factors including :

APR (Annual Percentage Rate)

Some cards offer lower variable APRs, while others allow business owners to manage debt from large purchases or early credit accounts with 0 percentage presentation APR offers .

Rewards rates

When evaluating each calling card, we consider both the earn structure rate and corresponding redemption values that a small/medium business owner can expect with every eligible buy .

Bonuses, discounts and perks

For each sign-up bonus or welcome propose, we compare the spend requirements with the redemption respect that each card brings to the table. On top of the bonus, we layer in extra perks like barren employee cards and lease car policy to calculate the sum expected value.

More research on credit cards for businesses

If you want a deeper look into how each circuit board may serve your business ’ sulfur needs, check out our expert reviews on all of the major occupation credit cards on the market nowadays .
stay in the know and get informed with the latest business credit batting order news and advice .
Have more questions for our citation cards editors ? Feel barren to send us an e-mail, find us on Facebook, or Tweet us @ Bankrate .

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