Top 10 Best Business Credit Cards for Maximum Usability
Finding the right business credit card can make a significant difference in managing your business expenses, earning rewards, and optimizing your cash flow. With so many options on the market, it’s essential to choose a card that aligns with your business needs, whether you’re looking for giftcardmall cash back, travel rewards, or no annual fees. Here are the top 10 business credit cards that offer maximum usability, making them the best choices for business owners in 2024.
1. Chase Ink Business Preferred® Credit Card
If your business racks up expenses in travel and shipping, the Chase Ink Business Preferred® Credit Card is an excellent option to consider. With this card, you’ll earn 3X points on your first $150,000 spent annually across key areas like travel, shipping, and services such as internet, cable, and phone. Beyond that, you’ll still earn 1X point on all other purchases. As an added bonus, if you spend $15,000 in the first three months, you’ll receive a generous 100,000 points. These points can be redeemed for travel, cash back, or transferred to various airline and hotel loyalty programs.
Annual Fee: $95
Best For: Travel and shipping rewards
2. American Express® Business Gold Card
If your business has expenses that vary by category, the American Express® Business Gold Card can be a game-changer. This card automatically gives you 4X points on the top two categories where you spend the most each billing cycle, up to $150,000 annually. Whether you’re investing in advertising, shipping, or technology, this card adapts to your needs, making it an invaluable tool for businesses with diverse spending patterns.
Annual Fee: $295
Best For: Dynamic spending categories
3. Capital One Spark Cash Plus
If your business values straightforward rewards, the Capital One Spark Cash Plus is a great choice. You get a flat 2% cash back on everything you buy, with no limits on how much you can earn. Plus, there’s no set spending limit, making it perfect for businesses that have big monthly expenses.
Annual Fee: $150
Best For: Simple and high cash back rewards
4. U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
If you really want to optimize your cashback, this card makes a lot of sense. You get 3% cash back on eligible purchases at gas stations, office supply stores and with cell phone service providers, plus you earn 1% for every other purchase. The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® has a bonus of $500 cash back after you spend $4,500 in the first 150 days as well.
Annual Fee: $0
Best For: Cashback on everyday business expenses
5. Chase Ink Business Unlimited® Credit Card
If you really want to optimize your cashback, this card makes a lot of sense. You get 3% cash back on eligible purchases at gas stations, office supply stores and with cell phone service providers, plus you earn 1% for every other purchase. The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® has a bonus of $500 cash back after you spend $4,500 in the first 150 days as well.
Annual Fee: $0
Best For: Flat-rate cash back on all purchases
6. The Blue Business® Plus Credit Card from American Express
This is a great card for businesses with sporadic mega888 expenses. Those categories are worth 2X points on the first $50,000 spent annually and 1X point per dollar in purchases thereafter. It’s an ideal option for freelancers or small business owners seeking additional flexibility without the need to pay a yearly fee.
Annual Fee: $0
Best For: No annual fee with flexible rewards
7. Brex 30 Card
The Brex 30 Card is tailored for tech-savvy startups, offering a robust rewards program that includes 7X points on rideshares, 4X on travel booked through Brex, 3X on dining, and 2X on recurring software purchases. What makes this card particularly appealing for early-stage companies is its lack of a personal guarantee, providing a valuable advantage as these companies grow.
Annual Fee: $0
Best For: Startups with tech and travel expenses
8. Bank of America Business Advantage Customized Cash Rewards Mastercard®
You can choose one of six categories—gas, office supplies, travel, TV/telecom & wireless services, computer services, or consulting services—for 3% cashback. Additionally, you’ll earn 2% cashback at restaurants and an unlimited 1% on all other purchases. Plus, if you’re a member of the Bank of America Preferred Rewards program, you can qualify for even higher cashback rates.
Annual Fee: $0
Best For: Customizable rewards categories
9. Wells Fargo Business Platinum Credit Card
Small businesses in search of a straightforward credit card should look at the Wells Fargo Business Platinum Credit Card. This card offers either 1.5% cash back or one point per dollar spent, along with a 1,000-point bonus for companies that spend $1,000 or more in any monthly billing period. It’s a reliable option for those who prefer a no-hassle card without the burden of annual fees.
Annual Fee: $0
Best For: Small businesses needing flexibility
10. Ramp Corporate Card
The Ramp Corporate Card offers a fee-free solution for businesses, delivering a robust spending management platform. It allows you to issue an unlimited number of employee cards, streamline expense report automation, and earn cashback on every transaction. Ideal for larger organizations that demand comprehensive financial oversight and control.
Annual Fee: $0
Best For: Large businesses with multiple employees
The Bottom Line
Choosing the right business credit card for your company depends on a variety of things such as spending habits, size, and specific needs. No matter what your preferred rewards, whether it be the best cash back credit card or flexible travel points to make any trip possible, these top 10 business cards have got you covered. Again, be sure to evaluate your choices and which rewards line up with the goals of your business before you choose.
5 Best FAQs About Business Credit Cards
- What is the difference between a business credit card and a personal credit card?
Business credit cards are designed specifically for business expenses, offering features like higher credit limits, expense management tools, and rewards tailored to business spending categories. They also help keep personal and business finances separate.
- Can I apply for a business credit card if I’m a sole proprietor?
Yes, sole proprietors can apply for a business credit card. You can use your Social Security Number instead of an EIN, and your personal credit score will be used for approval.
- How does a business credit card impact my personal credit score?
While business credit cards are intended for business expenses, your personal credit score can be affected if the card issuer reports the account to personal credit bureaus or if you default on payments.
- Are there any tax benefits to using a business credit card?
Using a business credit card can simplify tax filing by keeping business expenses separate from personal ones. Additionally, some of the fees and interest paid on business credit cards may be tax-deductible.
- What should I consider when choosing a business credit card?
Consider factors such as annual fees, rewards programs, interest rates, and the specific needs of your business (e.g., travel, cash back, or low interest). Ensure the card aligns with your spending habits and business goals.
