Small Business Credit Cards

If you're a small business owner looking for a great credit card for your company, we have you covered. Our experts have reviewed hundreds of cards to find the best business credit cards with outstanding rewards, low interest rates, and versatile redemption options. Here are the best small business credit cards from our partners.

Editor's Top Picks: The Best Business Credit Cards for 2018

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Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

Best flat-rate cash back card for businesses

capital-one-spark-cash-for-business-062818.png Card Image
Apply Now ON Capital One's secure website

Capital One® Spark® Cash for Business

Recommended Credit Score:
670 - 850

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

300 850
N/A Purchases intro APR
N/A Balance Transfers intro APR
18.74% (Variable) Regular APR
$0 intro for first year; $95 after that Annual Fee

Bankrate Score

94 out of 100

Card Details

  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Terms and Restrictions Apply

Best for balance transfers

the-blue-business-plus-credit-card-from-american-express-052517.png Card Image
Apply Now ON American Express's secure website

The Blue Business℠ Plus Credit Card from American Express

Recommended Credit Score:
670 - 850

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

300 850
0% on purchases for 15 months Purchases intro APR
0% on balance transfers for 15 months Balance Transfers intro APR
13.24% - 21.24% Variable Regular APR
No annual fee Annual Fee

Bankrate Score

89 out of 100

Card Details

  • Get rewarded for business as usual. Earn 2X points on everyday business purchases such as office supplies or client dinners.
  • 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • Enjoy the flexibility to put more purchases on the Card and earn rewards when you buy above your credit limit*.
  • More buying power for your business* means more opportunities to earn points. That's everyday business with the new Blue Business Plus Card.
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
  • 0.0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 13.24%, 17.24% or 21.24%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
Terms and Restrictions Apply | Rates and Fees

Best for no annual fee travel rewards

capital-one-spark-miles-for-business-062918.png Card Image
Apply Now ON Capital One's secure website

Capital One® Spark® Miles Select for Business

Recommended Credit Score:
670 - 850

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

300 850
0% on purchases for 9 months Purchases intro APR
N/A Balance Transfers intro APR
14.74% - 22.74% (Variable) Regular APR
$0 Annual Fee

Bankrate Score

90 out of 100

Card Details

  • Earn 1.5 miles per $1 on every purchase, every day
  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
  • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy
  • Save on interest with 0% intro APR on purchases for 9 months; 14.74% - 22.74% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
  • There's no limit to the amount of miles you can earn
  • Fly on any airline, anytime, with no blackout dates or seat restrictions
Terms and Restrictions Apply

Best for luxury travel

the-business-platinum-card-from-american-express-open-093117.png Card Image
Apply Now ON American Express's secure website

The Business Platinum® Card from American Express OPEN

Recommended Credit Score:
740 - 850

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

300 850
N/A Purchases intro APR
N/A Balance Transfers intro APR
N/A Regular APR
$450 Annual Fee

Bankrate Score

93 out of 100

Card Details

  • Welcome Offer: Earn up to 75,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.†
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • You can also receive 35% points back on all First and Business class flights, with all airlines available through American Express Travel.
  • You can enjoy access to The American Express Global Lounge Collection℠ offering access to the most lounges across the globe, when compared with other U.S. credit card offerings. As of 11/2017
  • Terms Apply
Terms and Restrictions Apply | Rates and Fees

Best for cash back with no annual fee

capital-one-spark-cash-select-for-business-062818.png Card Image
Apply Now ON Capital One's secure website

Capital One® Spark® Cash Select for Business

Recommended Credit Score:
670 - 850

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

300 850
0% on purchases for 9 months Purchases intro APR
N/A Balance Transfers intro APR
14.74% - 22.74% (Variable) Regular APR
$0 Annual Fee

Bankrate Score

90 out of 100

Card Details

  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 14.74% - 22.74% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Terms and Restrictions Apply

Best for office supplies purchases

simplycash-plus-business-card-from-american-express-042816.png Card Image
Apply Now ON American Express's secure website

SimplyCash® Plus Business Credit Card from American Express

Recommended Credit Score:
740 - 850

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

300 850
0% on purchases for 15 months Purchases intro APR
N/A Balance Transfers intro APR
14.24% - 21.24% Variable Regular APR
$0 Annual Fee

Bankrate Score

92 out of 100

Card Details

  • Special offer: save on interest with a 0% intro APR on purchases for 15 months; after that your APR will be a variable rate, currently 14.24% - 21.24%
  • No annual fee
  • Reinvest in your business with automatic cash back in the form of a monthly statement credit. Plus take control by choosing the 3% category that best fits your business
  • Earn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • Earn 3% cash back on the first $50,000 spent in the category of your choice from a list of eight and 1% cash back on other purchases
  • With Expanded Buying Power you can spend beyond your credit limit* to make bigger purchases for your business plus earn cash back on those purchases too
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors
  • Terms apply
Terms and Restrictions Apply | Rates and Fees

Best for simple travel rewards

capital-one-spark-miles-for-business-062918.png Card Image
Apply Now ON Capital One's secure website

Capital One® Spark® Miles for Business

Recommended Credit Score:
670 - 850

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

300 850
N/A Purchases intro APR
N/A Balance Transfers intro APR
18.74% (Variable) Regular APR
$0 intro for first year; $95 after that Annual Fee

Bankrate Score

91 out of 100

Card Details

  • Earn 2 miles per $1 on every purchase, every day
  • Plus, a one-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from account opening
  • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy
  • $0 intro annual fee for the first year; $95 after that
  • There's no limit to the amount of miles you can earn
  • Redeem miles for travel, cash back, gift cards and more
  • No foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions
Terms and Restrictions Apply

Best for flexible rewards points

the-enhanced-business-gold-rewards-card-from-american-express-open-013015.png Card Image
Apply Now ON American Express's secure website

The Business Gold Rewards Card from American Express OPEN

Recommended Credit Score:
740 - 850

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

300 850
N/A Purchases intro APR
N/A Balance Transfers intro APR
N/A Regular APR
$0 introductory annual fee for the first year, then $175 Annual Fee

Bankrate Score

88 out of 100

Card Details

  • Welcome Offer: Earn 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within your first 3 months of Card Membership
  • Get 3x points - Choose 1 out of 5 categories
  • Plus, 2X points on the 4 remaining categories and 1X points on other purchases
  • 3X and 2X apply to the first $100,000 in purchases in each of the 5 categories per year, 1X point per dollar thereafter
  • Track, organize, and stay on top of your business expenses with powerful expense-tracking tools
  • No foreign transaction fees
  • $0 introductory annual fee for the first year, then $175
  • Terms and limitations apply
Terms and Restrictions Apply | Rates and Fees

Best for limitless rewards

bank-of-america-business-advantage-cash-rewards-mastercard-credit-card-041718.png Card Image
Apply Now ON Bank of America's secure website

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Recommended Credit Score:
740 - 850

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

300 850
0% for 9 billing cycles Purchases intro APR
N/A Balance Transfers intro APR
13.24% - 23.24% Variable APR on purchases and balance transfers Regular APR
$0 Annual Fee

Bankrate Score

93 out of 100

Card Details

  • Get a $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening – with no annual fee, no cap on the amount of cash rewards you can earn and they don't expire.
  • 3% cash back on purchases at gas stations and office supply stores (up to $250,000 each calendar year, 1% after that), 2% on purchases at restaurants, and 1% on all other purchases.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
  • Plus, if you're a Business Advantage Relationship Rewards client, you can get up to a 75% rewards bonus on the base earn of every purchase you make. Your rewards bonus is based on your enrolled tier – Gold 25%; Platinum 50%; or Platinum Honors 75%.
Terms and Restrictions Apply

Best for business that frequently spend at and stay in hotels

hilton-honors-american-express-business-card-011718.png Card Image
Apply Now ON American Express's secure website

The Hilton Honors American Express Business Card

Recommended Credit Score:
670 - 850

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

300 850
N/A Purchases intro APR
N/A Balance Transfers intro APR
17.74% - 26.74% Variable Regular APR
$95 Annual Fee

Bankrate Score

86 out of 100

Card Details

  • Welcome Offer: Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Business Card after you spend $3,000 in eligible purchases in the first 3 months of Card Membership.
  • Earn Hilton Honors Bonus Points for each dollar of eligible purchases on your Card: 12X at hotels and resorts in the Hilton portfolio, 6X on Select Business & Travel Purchases, 3X Everywhere Else. Terms & Limitations Apply.
  • Enjoy complimentary Gold status with your Hilton Honors Business Card.
  • Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 in purchases on your Card in a calendar year.
  • Earn another Weekend Night Reward from Hilton Honors after you spend an additional $45,000 in purchases on your Card in the same calendar year.
  • Relax with 10 free airport lounge visits each year once enrolled in complimentary Priority Pass™ Select membership, which offers access to over 1,000 lounges in over 120 countries.
  • Terms apply.
Terms and Restrictions Apply | Rates and Fees

Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.


Author: Bankrate Staff | Last Updated: September 27, 2018

Have questions for our credit cards editors? Feel free to send us an email, find us on Facebook, or Tweet us @Bankrate.


In this article:

How we chose our top picks

Are you shopping for a card that can give your company a helping hand? Small business credit cards can provide your operation with extra buying power and the ability to track your expenses. We want to help you make an informed decision on what business card is best for you. Our team of credit card experts used Bankrate’s proprietary methodology to analyze over 350 business credit cards and from this objective review, each card was awarded a final score out of 100. There is no one-size-fits-all when it comes to a good business credit card but the Bankrate score should act as a guide to help you find the card that best suits your businesses needs. 

Scoring matrix

Our criteria has been designed by the folks here at Bankrate to give you an unbiased view of the best business credit card. A myriad of factors were considered in the analysis including APR rate, annual fee, foreign transaction fees, rewards value (focused on categories that would typically be high-spend for businesses), sign-up bonus, and any extras or discounts. Each category is weighted to produce the final score and we reviewed our favorites with an emphasis on what business cardholders need to know about their credit cards. 

  • Rewards value – Small business owners should expect a suite of rewards with their business credit cards. At Bankrate, we know that rewards can be confusing. We break down the rewards structure to make it easy to understand and assess the value of the rewards. 
  • Annual fee – Most business cards charge a fee every year to give you access to the cards perks and rewards systems. Many business card providers offer promotional discounts on their annual fee for the first year. We help to identify where an annual fee is worth the expense and tell you how much you would need to spend on your card to cover the annual charge.
  • Foreign transaction fees – These fees — which are usually around 3% of each transaction while you’re abroad — can add up. We know that often business involves travel and you and your employees need to be flexible. That’s why we make sure to assess the foreign transaction fees for our recommended business cards to help you avoid the surprise extra charges.
  • Sign-up bonus – A lot of business credit cards will have very generous sign-up bonuses. These may take the form of cash back, points, or miles, as long as you hit the required spending limit within a given time-frame. We analyze the value of the bonus.
  • Extras and discounts – Many business credit cards offer additional perks to cardholders. Advantages such as free employee cards and rental car coverage are useful benefits for small businesses. 

Recap of our selections for the best business credit cards

Card Name Best for Bankrate Review Score
Capital One Spark Cash for Business Flat-Rate Cash Back 94/100
The Blue Business℠ Plus Credit Card from American Express Balance transfers 89/100
Capital One Spark Miles Select for Business Simple Travel Rewards 90/100
The Business Platinum Card from American Express OPEN Luxury Travel 93/100
Capital One® Spark® Cash Select for Business Cash back with no annual fee 90/100
SimplyCash Plus Business Card from American Express Office Supplies 92/100
Capital One® Spark® Miles for Business Simple travel rewards 91/100
The Business Gold Rewards Card from American Express OPEN Flexible Reward Points 88/100
Bank of America Business Advantage Cash Rewards Mastercard No Reward Limits 93/100
The Hilton Honors American Express Business Card Frequent hotel stays 86/100

Capital One Spark Cash for Business

The Capital One Spark Cash for Business card is great for big-spending business owners who want a generous cash-back rewards program. With unlimited cash-back earnings, a $500 intro bonus (after $4,500 spent in first three months), and straightforward redemption options, simplicity is one of its biggest perks.

Monthly spending of $10,000 could earn you yearly cash-back rewards of $2,400. However, we caution any cardholder to avoid carrying a balance in order to not incur interest. With this card sitting at an 18.74% variable APR, which is slightly higher than other cards, doing so would ultimately negate any cash back returns.

Highlights:

  • This card earns an unlimited 2% cash back on every purchase.
  • The card carries a $95 annual fee, which is waived the first year.
  • There are no foreign transaction fees, so if you or your employees need to do business outside the U.S., you won’t have to pay extra for using this credit card.

The Blue Business℠ Plus Credit Card from American Express

If you’re looking to consolidate business debt, or spread out the cost of a big purchase, (and you have a good-excellent credit score) this card is a great choice as it offers a long 15-month introductory 0% APR period on purchases and balance transfers (then a variable 13.24% – 21.24% APR rate based on creditworthiness). This card also currently offers a very compelling  a flat rate 2x rewards on up to $50,000 in purchases every year.

Highlights:

  • 2X points on everyday business purchases such as office supplies or client dinners (up to $50,000 per year, then 1x points).
  • No annual fee.
  • 15-month 0% introductory APR on purchases and balance transfers (terms apply).

Capital One Spark Miles Select for Business

The Capital One Spark Miles Select for Business is best for the frequent business traveler. It comes with a solid 20K-mile intro bonus when you spend $3,000 within the first 3 months from account opening and earns 1.5 miles per dollar on all purchases. Those miles can be redeemed for travel purchases through the Capital One travel portal, or get a statement credit back against travel expenses you booked on your own using the card. And with no annual or foreign transaction fees, hitting the road is much less of a  hassle.

Highlights:

  • Rewards are unlimited and never expire, as long as the account is open and in good standing.
  • The card comes with comes with Visa Business Benefits, which includes auto damage protection, emergency and travel assistance and purchase protection.
  • Additional employee cards are free and the main account holder accrues rewards earned on those cards.

The Business Platinum Card from American Express OPEN

For business travelers who want to fly in style and don’t mind paying the price, the Business Platinum Card from American Express OPEN delivers the goods. This card comes with a big welcome bonus of up to 75K points if you spend $20K in the first three months. Get 5:1 points per dollar flights and prepaid hotels through amextravel.com and 2:1 points per dollar travel purchases booked online through an American Express. With that comes access to nearly all of the airport lounges you can think of across the globe.

There are a few things to consider, however. One is the high spending requirement to earn the bonus ($20,000 in the first three months). Another is the $450 annual fee. So, if you’re a small business owner with a minimal budget, consider if this card is worth it for you.

Highlights:

  • Cardholders have access to American Express’ exclusive Centurion Lounge, a perk reserved just for Platinum and Centurion cardholders.
  • Cardholders get up to $200 back as a statement credit in airline incidental fees.
  • All flights and prepaid hotels booked on the Amex Travel Website will earn 5 points per dollar spent.

Capital One® Spark® Cash Select for Business

The Capital One® Spark® Cash Select for Business is a straightforward no annual fee business rewards card. If you’re just making the move to a small-business card this should be one to consider. It earns an unlimited 1.5% cash back on all your purchases, which will stack up quickly if you’re charging all your business expenses to the card. Capital One is also currently offering a one-time $200 cash bonus after you spend $3,000 in the first three months of opening the account.

Highlights:

  • 1.5% unlimited cash back on all your purchases.
  • One-time $200 cash bonus after you spend $3,000 on purchases within 3 months after you open your account.
  • No annual fee.

SimplyCash Plus Business Credit Card from American Express

The SimplyCash Plus Business Card from American Express is great for business who spend big through U.S. service providers and U.S. office supply stores. Earn 5 percent back on spending at U.S. office supply stores and on wireless telephone services purchased directly from U.S. service providers. There is an annual maximum of $50,000, then the rewards rate drops to an unlimited 1% on those purchases.

This card is customizable to your particular business spending patterns because it pays 3 percent back (for the first $50,000 spent) on your choice from one of eight categories:

  • Airfare purchased directly from airlines.
  • Hotel rooms purchased directly from hotels.
  • Car rentals purchased from select car rental companies.
  • U.S. gas stations.
  • U.S. restaurants.
  • U.S. purchases for advertising in select media.
  • U.S. purchases for shipping.
  • U.S. computer hardware, software, and cloud computing purchases made directly from select providers.

There’s no welcome bonus included, but not having to worry about an annual fee might create some balance for business owners.

Highlights:

    • There’s no annual fee with this card—or for additional employee cards.
    • Cash-back earnings are automatically credited to your statement.
    • As part of American Express’ OPEN savings plan, eligible purchases can receive an additional 5 percent discount.

Capital One® Spark® Miles for Business

For simple travel rewards the Capital One® Spark® Miles for Business card is hard to beat. Although non-travelers will probably be better served with the Capital One Spark Cash for Business, the Spark Miles for Business card ranks among the best business travel rewards cards on the market. With this card, you will earn 2 miles for every $1 you spend with no categories to keep track of or limit you. If your business has varied expenses that aren’t concentrated into typical business spend categories like office supply stores then this card offers extra flexibility. As it charges no foreign transaction fees, if your travel takes you outside of the U.S., you won’t rack up extra fees.

Overall, this card is a good fit for business owners who travel often but want to avoid the complexity associated with some travel rewards card.

Highlights:

  • One-time 50,000-mile bonus (worth $500 in travel) after you spend at least $4,500 in purchases within the first three months.
  • Simple rewards structure.
  • Additional employee cards at no charge.

The Business Gold Rewards Card from American Express OPEN

The Business Gold Rewards Card from American Express OPEN is a great option for small business owners who don’t spend as much as the big guys but still want good point redemption.

There are five categories that offer enhanced cash-back rewards; choose one of them to earn 3X the points and the other four will earn 2X the points. All other spending will earn 1 point per dollar spent. This can help the $175 annual fee seem worth it when it kicks in after the first year.
You may be waiting a bit longer for point transfers to kick in with this card, compared to others. But, there is a 50K bonus offer for spending $5,000 in the first 3 months.

Highlights:

    • There are no interest charges on this card as it’s a charge card and not a credit card.
    • The $175 annual fee is waived the first year.
    • There are no foreign exchange fees with this card.

Bank of America Business Advantage Cash Rewards Mastercard credit card

Any business owner who’s often on the open road will likely benefit from this card’s rewards structure. The Bank of America Business Advantage Cash Rewards Mastercard pays 3% back, up to an annual cap of $250,000 on spending at the pump and eligible office supply stores. Earn an additional 2% cash-back at restaurants and 1% on other purchases.

Take note of the card’s limitations: You can only redeem for statement credit or cash deposit into a Bank of America account (you can’t transfer rewards to other loyalty programs) and a it has a lower-than-average signup bonus: $200 for $500 spent in the first 60 days.

Highlights:

  • If you max out the combined spending bonus categories, you could earn up to $7,500 back on your spending before your rewards rate drops to an unlimited 1%.
  • If you’re a Business Advantage Rewards Client with Bank of America, you can stack an additional 25% to 75% rewards bonus on every base purchase you make for even greater cash-back earnings.
  • There’s no annual fee with this card.

What are business credit cards?

Business credit cards are for businesses large and small. As a sole proprietor, business owner, or freelancer you can qualify for a business credit card. They are simply credit cards that are designed to be used by businesses instead of for personal use. Even though they are designed for business use they are practical for similar reasons as personal credit cards; they can provide businesses with returns on their everyday spending, help to cover expenses during seasonal periods, and help businesses build credit which will make it easier to borrow in the future.

Many credit card issuers offer business credit cards and the application process is very similar to the process for a personal credit card. For small businesses, cards are often secured by a personal guarantee. For freelancers and sole proprietors, you may only be asked to provide the basic information — name, social security number, income etc. — that you would be on an application for a personal credit card. If your business is structured as an LLC (single-member or partnership) or as a corporation, you will be asked to provide information on your business — the company name, TIN, address, business income. For more detailed information on how to apply for a business card, check out our handy guide.

Business credit cards help to keep personal and business spending separate. Although, the main advantage of a business credit card is the rewards. These cards typically offer high-value rewards for everyday purchases, allowing you to save money on required expenditures.

What are some pros and cons?

Pros:

  • Rewards on purchases is a major incentive for getting a business card. Many offer higher rates on business-related spending like office supply stores.
  • Using a business credit card helps your business build a credit profile.
  • Many business cards offer quarterly and year-end summaries to track expenditures.
  • Putting all expenses on one card can make accounting more straightforward.
  • It can be easier to qualify for a business credit card than a line of credit or a bank loan.
  • A business credit card can be useful when you’re experiencing cash flow concerns.

Cons:

  • You may be personally liable for any unpaid debt on the card in some cases, which can affect your personal credit score.
  • Due to the high rate of interest business credit cards shouldn’t be used as a form of financing. If you do carry a balance you could incur some very high costs.

Why you should get a business credit card

Business cards are ideal for the small business owner or entrepreneur that would benefit from additional purchasing power and expense tracking. With a business credit card, you earn rewards for daily operational purchases, which can really add up for even the smallest of businesses. Some cards offer low APRs or even 0% introductory APR periods making them useful for the business owner who needs to make a big purchase and spread out the payments.

As a business owner, it’s also just a good idea to keep your business and personal expenses separate. You can save time and money by having a business credit card dedicated to your company’s related purchases. For example, most work-related expenses can be deducted on your businesses’ tax return, including your business card’s annual fee and any interest accrued. If you make your business purchases on a personal card, not only do you have to keep track of which charge was for which purpose (Did you buy paper for the printer for personal use or for work use? How about when you paid that toll? Was that a work trip? Or just a drive to run an errand?) but you also can’t deduct the annual cost of owning the card.

Often businesses will have areas of spending that are recurring, or there will be categories where you spend significantly, maybe your business involves heavy spending on office supplies or software. There are many business credit cards offering different rewards for all types of spending, it should be easy to find a card that rewards you for the areas that you spend the most.

Helpful tips on business credit cards

The single biggest tip is to put in the homework to find a card that will work for you. The right business card should have a rewards structure that compliments your existing spending. It pays to review your business spending and break out the categories where you spend the most. If you’re planning on making a large purchase — perhaps, investing in some equipment to grow your business — it’s worth finding a card with a long 0% introductory APR offer to help you spread out your payments. If you know there may be times — perhaps, due to the seasonal nature of your business — where you risk carrying a balance you should prioritize a low standard APR card. The fact of the matter is that you know your business best. It’s our job to give you all the information you need so you can identify the best card for you.

Be careful. Some credit card companies will check your personal credit history when you apply for a business card. It’s important to ask the credit card company if they’ll be reviewing your personal history. Your personal credit could be impacted by any debt on the business card and this is worth considering.

Make sure to use your business card! This may sound like an obvious one but there are a lot of business cards out there gathering dust in wallets. The more you use your card, the more rewards you will receive. And, on the topic of rewards, make sure to redeem these too. They can deliver additional value to your business in the form of cash back but they also offer business owners and employees nice perks such as airport lounge access and upgrades.

Which type of business card should you get?

Anyone with a business can benefit from owning a business credit card if they choose the right card to align with their company’s spending habits. Here are some considerations when choosing a card for your specific type of business:

  • Sole proprietorships or side-hustle businesses: Even if you’re a party of one, you can benefit from keeping your business expenses separate from your personal spending. Having a dedicated card can not only make things easier for accounting purposes, it can also help you save money. Consider the areas where you spend the most to find the right card. For example, if you’re selling goods or services online, a card that pays rewards for Internet access or online advertising may be the right fit.
  • General partnerships of two or more people: If you’re a small business with a small staff, you may want to consider a business credit card that includes free employee cards. The main cardholder will accrue any rewards and monthly statements will show a breakdown of which employee spent what on which card. If you own the type of business that provides delivery services. For example, a card with enhanced rewards on gas spending could be a good choice.
  • Tech-heavy businesses: If most of your spending is on computers and technology related spending, consider a card that offers benefits in these areas. Or, if your expenses are varied, a flat-rate rewards card that offers the same rewards no matter what you’re buying may be the right one.
  • Travel-based businesses: Anyone with a business where employees are frequently on the go by plane, car or overnight in a hotel should consider a business credit card that offers travel rewards. Many of the travel-related business credit cards offer perks beyond the rewards structure like free Wi-Fi, priority boarding and other benefits. Keep in mind, if the travel is international, choosing a business card without foreign transaction fees should be at the top of your list.

How to apply for a business credit card

If your business is just starting out when you apply for a business credit card the issuer will look at your personal credit score to determine creditworthiness. Just like with personal credit cards, business credit cards will require the applicant to have at least good credit and some require an excellent credit score.

When you apply, you’ll have to state your total income. This means your income from the business you want the card for and any other income. For example, if you’re just a few months into the business and you’ve earned $1,000 from your new venture but your day job earns you an annual salary of $50,000, your total income should be listed as $51,000.

More established businesses will apply using their company’s Employee Identification Number (EIN) but even then, the applicant is still held responsible for paying the credit card bills. If you miss a payment or pay late on your business credit card, it will show up on your personal credit report.

Business credit cards vs. business loans

Most businesses require some capital to get started and keep going until they make a profit. There are pros and cons to using a credit card or a loan to get your business up and running. Generally speaking, a business credit card is easier to get then a business loan. With a business credit card, you may still qualify for some types of cards even if your credit is just average. There are also a handful of secured business credit cards that you can get even if your overall credit score is less than stellar.

A business loan, however, would be nearly impossible to get from a lender with anything other than a strong credit profile as you’d be deemed too big of a risk. Applying for a business credit card is usually much faster than applying for a business loan, which can take months to get approval for. A business loan may also require collateral, which can be risky if your business tanks or runs into financial trouble.

You should know that a business loan will also typically have much lower interest rates than a business credit card. If you think you’ll typically carry a balance on a credit card, a lump-sum business loan could be a better choice. But if you’re able to pay the bills in full every month, you could benefit from having a business credit card that offers rewards as cash-back or can be redeemed for travel. Use a business loan calculator to see if the terms are more favorable than what a business credit card may offer.

Need to do more research for your business?

Finding the right credit card for your business is a tough decision. If you still feel like you need to do more research, we have you covered. Our team of credit card experts have reviews on all of the major business credit cards on the market today and keep them up-to-date with the latest offers and our opinions on them. Just follow the link below and browse through all of our reviews.

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.