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Outstanding rewards, low interest rates and versatile redemption options are some of the hallmarks of great small business credit cards.
These cards also have easy-to-understand rewards systems, an important trait in a card when running a business.
How you spend will determine which card is right for your wallet. If you’re interested in a way to finance your business and maintain working capital, a low-interest business card might be ideal for your situation. But if you’re after perks, and you don’t often carry a balance, a rewards card can be a good fit.
Here are popular small business credit cards as chosen by the experts at CreditCards.com:
Best Small 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.
|Capital One Spark Cash for Business||Unlimited 2% cash back||18.49%|
|Chase Ink Business Preferred||Three points per $1 on business purchases||17.24% to 22.24%|
The Spark card’s simple and generous cash-back rewards program puts it in the top spot.
- 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 $95 annual fee, which is waived the first year.
Who should get this card
This card is ideal for the small 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 18.49 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.
Your small business needs a small business credit card. Compare small business credit cards here.
The Ink Business Preferred’s substantial sign-up bonus and generous rewards make this credit card shine.
- 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
Small 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 small business owners who travel.
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 17.24 and 22.24 percent.
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