Top Rated Business Credit Cards

As a business owner, choosing the right credit card can make a significant difference in your financial management and overall success. Business credit cards offer a range of benefits, from cash back rewards to travel perks and low-interest rates. In this comprehensive guide, we’ll explore the top-rated business credit cards, their features, and how to select the best one for your specific needs.

Benefits of Using a Business Credit Card

Using a business credit card can provide numerous advantages for your company. Some of the key benefits include:

1. Improved Cash Flow Management: Business credit cards offer flexible payment terms, allowing you to manage your cash flow more effectively and take advantage of interest-free grace periods.
2. Enhanced Expense Tracking: Most business credit cards provide detailed transaction records, making it easier to track and categorize your business expenses for tax and accounting purposes.
3. Access to Business-Specific Rewards: Business credit cards often offer rewards programs tailored to the needs of business owners, such as cash back on office supplies, travel expenses, or business-related purchases.
4. Separated Personal and Business Finances: Using a dedicated business credit card helps you maintain a clear distinction between your personal and business finances, simplifying your record-keeping and tax preparation.
5. Improved Credit Building: Responsible use of a business credit card can help build your company’s credit history, which can be beneficial when applying for loans or other financing options.

Factors to Consider When Choosing a Business Credit Card

When selecting a business credit card, it’s important to consider the following factors:

1. Annual Fee: Evaluate the annual fee associated with the card and determine whether the benefits outweigh the cost.
2. Rewards and Cashback Programs: Look for cards that offer rewards or cash back on business-related expenses, such as office supplies, travel, or advertising.
3. Interest Rates: Compare the APRs (Annual Percentage Rates) offered by different cards and choose one with a competitive rate, especially if you anticipate carrying a balance.
4. Additional Features: Consider other features that may be valuable to your business, such as travel perks, purchase protection, or employee cards.
5. Issuer Reputation and Customer Service: Research the card issuer’s reputation for customer service and support, as this can be crucial when resolving any issues that may arise.

Top Rated Business Credit Cards for Cash Back Rewards

1. Ink Business Cash® Credit Card:
   • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
   • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year
   • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
   • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
2. Capital One Spark Cash Plus:
   • Earn a one-time $500 cash bonus once you spend $5,000 on purchases within the first 3 months from account opening
   • Earn unlimited 2% cash back on all purchases
   • No preset spending limit and no annual fee
3. American Express Blue Business Cash™ Card:
   • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%
   • No annual fee
   • 0% intro APR on purchases for 12 months from the date of account opening, then a variable APR applies

Top Rated Business Credit Cards for Travel Rewards

1. Ink Business Preferred® Credit Card:
   • Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening
   • Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable, and phone services, and advertising purchases made with social media sites and search engines each account anniversary year
   • Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards®
2. The Business Platinum Card® from American Express:
   • Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the first 3 months of Card Membership
   • Earn 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
   • Access to the American Express Global Lounge Collection, which provides access to over 1,400 airport lounges across 140 countries
3. Brex Corporate Card for Startups:
   • Earn 8x points on rideshare, 5x on software subscriptions, 4x on travel, 3x on restaurants, and 1x on all other purchases
   • No personal guarantee required
   • Flexible credit limits based on your company’s cash balance and spending

Top Rated Business Credit Cards for Low Interest Rates

1. U.S. Bank Business Platinum Card:
   • 0% intro APR on purchases and balance transfers for the first 15 billing cycles
   • No annual fee
   • Competitive ongoing APR after the introductory period
2. Wells Fargo Business Platinum Credit Card:
   • 0% intro APR on purchases and balance transfers for the first 9 months
   • No annual fee
   • Competitive ongoing APR after the introductory period
3. Bank of America Business Advantage Customized Cash Rewards Mastercard® credit card:
   • 0% intro APR on purchases for the first 9 billing cycles
   • No annual fee
   • Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs, and 1% on all other purchases

Top Rated Business Credit Cards for Small Businesses

1. American Express Blue Business Plus Credit Card:
   • Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners
   • No annual fee
   • 0% intro APR on purchases for 12 months from the date of account opening, then a variable APR applies
2. Chase Ink Business Unlimited® Credit Card:
   • Earn unlimited 1.5% cash back on every purchase made for your business
   • No annual fee
   • 0% intro APR on purchases for the first 12 months, then a variable APR applies
3. Capital One Spark Classic for Business:
   • Earn 1% cash back on every purchase for your business
   • No annual fee
   • Reports to the three major consumer credit bureaus, helping you build your business credit

Tips for Maximizing the Benefits of Your Business Credit Card

1. Understand Your Rewards Program: Familiarize yourself with the rewards structure and the categories that earn the highest cash back or points.
2. Optimize Your Spending: Strategically use your business credit card for purchases that align with the card’s bonus categories to maximize your rewards.
3. Take Advantage of Sign-up Bonuses: Many business credit cards offer lucrative sign-up bonuses for new cardholders who meet specific spending requirements.
4. Manage Your Payments Responsibly: Pay your balance in full each month to avoid interest charges and maintain a good credit score.
5. Leverage Additional Card Benefits: Utilize features like travel insurance, purchase protection, and extended warranties to get the most value from your business credit card.

How to Apply for a Top Rated Business Credit Card

Applying for a top-rated business credit card is a straightforward process. Here are the typical steps:

1. Determine Your Business Credit Needs: Evaluate the features and benefits that are most important to your business, such as cash back, travel rewards, or low interest rates.
2. Research and Compare Card Options: Use online resources and reviews to compare the top-rated business credit cards and their offerings.
3. Gather Required Information: Prepare the necessary information, such as your business name, address, annual revenue, and tax identification number.
4. Complete the Application: Apply directly through the card issuer’s website or by phone, providing the required information and any supporting documentation.
5. Monitor the Application Status: Keep track of the application process and respond promptly to any requests for additional information.

To find the best business credit card for your needs, explore our comprehensive guide on top-rated options. Get started today and unlock the financial benefits that can take your business to new heights.

Conclusion

Selecting the right business credit card can be a game-changer for your company. By considering the factors discussed in this guide and evaluating the top-rated options, you can choose a card that aligns with your business goals and maximizes the benefits for your organization. Remember to use your card responsibly, take advantage of the available rewards and features, and let it play a crucial role in your overall financial management strategy.