Best Credit Cards for Small Businesses

By Jason Steele. Last updated 17 October 2017. 4 comments

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Business cards are intended for small businesses, sole proprietors, or any consumer who wishes to divide their company's spending with a separate card. For example, when I was a business traveler, I used a business card to charge my reimbursable expenses. I still had to apply for the card using my own credit, and I alone was responsible for payment. Using a business card allowed me to segregate my personal expenses from those my company was reimbursing me for. Today, I hold a variety of business and personal cards to maximize the features of each. (See also: Business Credit Card vs Consumer Credit Card)

The Best Credit Cards for Small Businesses

Like personal cards, the market for business cards has been characterized by ever-increasing rewards and perks. Therefore, the selection criteria for the top business cards have been weighted heavily towards the rewards offered. These are my favorites.

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

The is an attractive card for small businesses because it offers 3% cash back on purchases at gas stations and office supply stores and 2% at restaurants, up to a combined $250,000 per year. All other purchases earn 1%. Plus, new cardholders can earn a $200 statement credit after spending $500 on purchases within the first 60 days of account opening. There is no annual fee.

Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

The awards 1.5 points for each dollar spent on all purchases. Earn 3 points for every dollar spent on travel booked through the Bank of America® Travel Center - powered by Orbitz®. Redeem points for a statement credit to pay for your flights, hotels, rentals, and other travel purchases. The card offers a bonus of 25,000 points for new cardmembers if you make at least $1,000 in purchases within the first 60 days of opening the account. There is no annual fee.

SimplyCash® Plus Business Credit Card from American Express

The offers 5% cash back on purchases made at U.S. office supply stores and wireless telephone services purchased directly from U.S. service providers. You also earn 3% cash back in a category of your choice from a list of eight, including airfare, car rentals, gas, restaurants, and more. All other purchases get 1% cash back. 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back received is automatically credited to your statement. New cardmembers earn a $200 statement credit after spending $5,000 on purchases within 6 months of account opening, plus an additional $200 statement credit after you spend $10,000 or more in qualifying purchases within the first year of card membership. There is no annual fee. Terms apply. See rates and fees.

The Plum Card® from American Express OPEN

The is a charge card, which usually means that you must pay the balance in full every month. However, this card allows you to defer part of the balance to the next month if you make the minimum payment by the due date. And if you pay at least the minimum amount within 10 days of receiving your bill, you get a 1.5% discount on that portion of your balance. The annual fee is $250. Terms apply. See rates and fees.

Capital One® Spark® Cash for Business

With the , you can get 2% cash back on all purchases. There are no categories, no limits on your rewards, and no minimum redemption amount. New cardmembers can also earn a one-time $500 cash bonus after spending $4,500 on purchases within 3 months of account opening. You can get employee cards at no additional cost and earn rewards on their business spending. There is a $95 annual fee for this card that is waived the first year.

Capital One® Spark® Miles for Business

The offers 2x miles per dollar spent on every purchase, every day. There is a bonus offer right now to get a one-time 50,000 miles after spending $4,500 within 3 months from account opening. This card is also versatile in rewards redemptions. If you don't want to spend your miles on travel, you can redeem them for merchandise, gift cards, and even cash. There is a $95 annual fee for this card that is waived the first year.

The Business Platinum® Card from American Express OPEN

The offers a generous 5x points on flights and prepaid hotels on Get 50% more points on each eligible purchase of at least $5,000, and get a 35% airline bonus (up to 500,000 bonus points per calendar year) when you choose an qualifying airline and use your points to pay for all or part of a flight on that airline. New cardmembers can earn up to 75,000 points after meeting spending requirements. There is a $450 annual fee for this card. Terms apply. See rates and fees.

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The 5 Best Credit Cards for Small Businesses

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Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Guest's picture

US Bank has an excellent business credit card as well. The fine print states there is a $25 annual fee, but it is waived if you make at least one purchase every year. I was surprised to find that the business card did not require a personal SSN, which keeps it seperate from personal transactions and credit reporting. The business card is also a good means to build credit for your business, which may come in handy when seeking credit without a personal guarantee in the future.

Guest's picture
Jason R.

Note that the consumer protection reforms passed for credit cards a couple years ago don't apply to business credit cards. They are only appropriate for business users with responsible credit usage habits.

Guest's picture

Many people overlook the small business owners need for great credit cards that help them track and manager expenses. Instead of the social security number the small business will normally have an EIN number for tax tracking purposes.

Guest's picture

I have the #1 (American Express) card and use it weekly for my business. I'd def. recommend that one.

Guest's picture

Thanks for the kind words. It’s scary to think how many more small business owners would be getting their financing if they thought about their credit as an asset! The bottom line with credit is preserving it if it’s already excellent and improving it if it’s not where you want it to be.