January 26, 2017 in Credit Cards

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Looking for a new business credit card? The worthy ones typically offer generous rewards with easy redemption options along with business-friendly perks. Of course, the type of business credit card you should choose depends on how you spend and what will provide the most value for your business.

You should be able to find a car that offers either a low interest rate or generous rewards.

Low-interest cards offer a way to finance your small business and maintain working capital. That’s a plus if you plan on carrying a balance. Rewards cards offer great perks and closely match your business spending, but the rates and fees tend to be higher.

Here are two rewarding business credit cards as chosen by the experts at CreditCards.com:

Most Popular Business Credit Cards

  • Capital One Spark Cash for Business Credit Card
  • Chase Ink Business Preferred Credit Card

Which card is right for you? Compare business credit cards now.

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1. Capital One Spark Cash for Business

The Spark card’s simple and generous cash-back rewards program puts it in the top spot.

Highlights:

  • Earn 2 percent cash back on every purchase.
  • Receive a $500 bonus when you spend $4,500 within the first three months.
  • The card carries a $59 annual fee, which is waived the first year.

Who should get this card
This card is ideal for the business owner interested in unlimited cash-back earnings, substantial sign-up bonus opportunities and straightforward redemption options.

It’s especially useful to big spenders who consistently pay off their balance in full. Monthly spending of $10,000 could earn you yearly cash-back rewards of $2,400.

While the rewards are substantial, there is no interest-free introductory period. The variable 17.99 percent APR makes it tough to finance large purchases without incurring big interest charges. And if you’re looking for rewards in specific spending categories, there are better options available.

Don’t put business expenses on your personal card. Apply for a business credit card.

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2. Chase Ink Business Preferred

The Ink Business Preferred’s substantial sign-up bonus and generous rewards make this credit card shine.

Highlights:

  • Earn three points per $1 on the first $150,000 spent annually on combined travel, shipping purchases, internet, cable and phone services and advertising purchases made on social media and search engines.
  • Earn one point per $1 spent on all other purchases.
  • Receive 80,000 bonus points after spending $5,000 in the first three months. The bonus is worth up to $1,000 in travel rewards when redeemed through Chase Ultimate Rewards.

Who should get this card
Business owners who spend heavily on the the card’s bonus categories should consider applying. And with no foreign transaction fees and trip cancellation insurance, it’s also great for businesses with a number of travel expenses.

But if your business expenses don’t include much in the way of cable or phone costs, for example, this card may not benefit you much. It carries a $95 annual fee and a variable APR of between 16.99 and 21.99 percent.

Find small business credit card offers now.

Follow me on Twitter: @MitchStrohm

This editorial content is not provided or commissioned by any of the referenced financial institutions or companies. Opinions, analysis, reviews or recommendations expressed here are the author’s alone, not those of any financial institutions or companies, and have not been reviewed, approved or otherwise endorsed by any such entity. All products or services are presented without warranty. Bankrate.com is an independent, advertising-supported publisher and comparison service. This post contains references to our partners, and Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on certain links posted on this website.

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