If you are a business owner, having a credit card dedicated to your business can be an invaluable tool. Not only can it help you manage your expenses and cash flow, but it can also earn you rewards and provide you with additional benefits like travel insurance or purchase protection. With so many credit cards available for businesses, it can be overwhelming to choose the right one. In this article, we'll explore some of the best credit cards for business owners.
1. Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is a top pick for business owners. It offers a generous sign-up bonus of 100,000 points after spending $15,000 in the first three months. These points are worth $1,250 in travel rewards when redeemed through Chase Ultimate Rewards. Additionally, this card offers 3 points per dollar spent on travel, shipping, internet, cable and phone services, and advertising purchases made with social media sites and search engines. The annual fee is $95.
2. American Express Business Platinum Card
The American Express Business Platinum Card is another popular choice for business owners. It offers a welcome bonus of 100,000 Membership Rewards points after spending $15,000 in the first three months. Cardholders earn 5 Membership Rewards points per dollar spent on flights and prepaid hotels booked through Amex Travel, and 1.5 points per dollar spent on purchases of $5,000 or more. This card also offers access to airport lounges, a $200 annual airline fee credit, and a $100 credit for TSA PreCheck or Global Entry. The annual fee is $595.
3. Capital One Spark Cash for Business
The Capital One Spark Cash for Business is a straightforward cashback credit card that offers unlimited 2% cashback on all purchases. There is no limit to the amount of cashback you can earn, and rewards don't expire for the life of the account. The card also offers a $500 cash bonus after spending $4,500 in the first three months. There is no annual fee for the first year, and $95 thereafter.
4. CitiBusiness/AAdvantage Platinum Select World Mastercard
If you frequently travel with American Airlines, the CitiBusiness/AAdvantage Platinum Select World Mastercard is a great option. It offers a welcome bonus of 70,000 AAdvantage miles after spending $4,000 in the first four months. Cardholders earn 2 AAdvantage miles per dollar spent on American Airlines purchases, telecommunications, cable and satellite providers, car rentals, and gas stations. This card also offers preferred boarding on American Airlines flights, and the first checked bag is free for you and up to four companions on the same reservation. The annual fee is $99, waived for the first year.
5. Discover it Business Credit Card
The Discover it Business Credit Card is a no annual fee credit card that offers 1.5% cashback on all purchases. Additionally, Discover matches all cashback earned during the first year of card membership. The card also offers a 0% intro APR on purchases for 12 months, followed by a variable APR. This card is a great option for small businesses looking to earn cashback rewards without paying an annual fee.
In conclusion, the best credit card for your business will depend on your individual needs and spending habits. Consider factors such as rewards, fees, and benefits when choosing a card. The above options are just a few of the many great credit cards available for businesses, and by doing your research, you can find the perfect credit card to help grow your business.
1. Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is a top pick for business owners. It offers a generous sign-up bonus of 100,000 points after spending $15,000 in the first three months. These points are worth $1,250 in travel rewards when redeemed through Chase Ultimate Rewards. Additionally, this card offers 3 points per dollar spent on travel, shipping, internet, cable and phone services, and advertising purchases made with social media sites and search engines. The annual fee is $95.
2. American Express Business Platinum Card
The American Express Business Platinum Card is another popular choice for business owners. It offers a welcome bonus of 100,000 Membership Rewards points after spending $15,000 in the first three months. Cardholders earn 5 Membership Rewards points per dollar spent on flights and prepaid hotels booked through Amex Travel, and 1.5 points per dollar spent on purchases of $5,000 or more. This card also offers access to airport lounges, a $200 annual airline fee credit, and a $100 credit for TSA PreCheck or Global Entry. The annual fee is $595.
3. Capital One Spark Cash for Business
The Capital One Spark Cash for Business is a straightforward cashback credit card that offers unlimited 2% cashback on all purchases. There is no limit to the amount of cashback you can earn, and rewards don't expire for the life of the account. The card also offers a $500 cash bonus after spending $4,500 in the first three months. There is no annual fee for the first year, and $95 thereafter.
4. CitiBusiness/AAdvantage Platinum Select World Mastercard
If you frequently travel with American Airlines, the CitiBusiness/AAdvantage Platinum Select World Mastercard is a great option. It offers a welcome bonus of 70,000 AAdvantage miles after spending $4,000 in the first four months. Cardholders earn 2 AAdvantage miles per dollar spent on American Airlines purchases, telecommunications, cable and satellite providers, car rentals, and gas stations. This card also offers preferred boarding on American Airlines flights, and the first checked bag is free for you and up to four companions on the same reservation. The annual fee is $99, waived for the first year.
5. Discover it Business Credit Card
The Discover it Business Credit Card is a no annual fee credit card that offers 1.5% cashback on all purchases. Additionally, Discover matches all cashback earned during the first year of card membership. The card also offers a 0% intro APR on purchases for 12 months, followed by a variable APR. This card is a great option for small businesses looking to earn cashback rewards without paying an annual fee.
In conclusion, the best credit card for your business will depend on your individual needs and spending habits. Consider factors such as rewards, fees, and benefits when choosing a card. The above options are just a few of the many great credit cards available for businesses, and by doing your research, you can find the perfect credit card to help grow your business.