Today, we’re going over the top business credit cards you need to know about.
There is a card for literally everyone here…
- new business owners,
- seasoned business owners,
- those who love to travel,
- those with good credit,
- those with bad credit,
- those who just want cashback
…you name it, we’ll be discussing it.
In fact, we will be breaking out this list into categories so you can find the perfect card for your needs.
Ready to get started?
Business Credit Cards Categories
1. Flat-rate Cash Rewards
For this category, our top pick is the Capital One Spark Cash for Business Card.
I love this card for a couple of reasons.
First, you get unlimited 2% cashback on all purchases. You heard that right, unlimited cash back on all purchases.
Meaning you are not boxed into any particular category of expenses. Frankly, the card is for those who’d rather skip keeping up with category rewards and would like to focus on strictly the money.
Another benefit of this card is that it includes employee cards for free, making it easy to compound your spending and quickly earn more cashback.
Lastly, you can earn a one-time $500 cash bonus when you spend $4,500 on the card in the first 3 months of opening your account.
But, something to be aware of with this card is that after the first year, there is a $95 annual fee. Which you would need to put at least $4,750 on the card per year to break even on the annual fee.
Another thing to keep in mind is that you will need good to excellent credit to get the card. A minimum of a 690 credit score is required to be approved.
2. 0% intro APR
For this business credit card category, our top pick is the American Express Blue Business Cash™ Card.
This card is a great choice for those looking for a 0% introductory APR for the first 12 months.
Combine this with a generous 2% cashback reward on up to $50,000 per year in spend and 1% after $50,000 and 0% annual fee to top it off.
As if that wasn’t enough, the American Express Blue Business Cash™ Card also comes with a feature known as Expanded Buying Power which allows you to spend beyond your credit limit when needed.
The amount you are allowed to spend above your credit limit adjusts as you use the card and also takes into account your payment history, credit record, and other factors.
Employee cards come at no annual cost to you and employee purchases get cashback rewards as well.
Now American Express also has an American Express Blue Business Plus™ Card which is the same as the American Express Blue Business Cash™ Card we just discussed.
The only difference is that with the Plus card, rewards are in the form of membership points instead of cashback.
And membership points tend to equate to only 60 cents per point and, for this reason, it did not make the top pick.
3. Travel Rewards
Here’s our pick for this category – the Capital One® Spark® Miles for Business card.
With the Capital One® Spark® Miles for Business card, you earn an unlimited 2 miles per dollar.
This is with no category restrictions, no foreign transaction fees, and no expiration date on the miles you collect.
This card also packs one of the best bonuses in its category – a one-time bonus of 50,000 miles (aka $500 dollars) after you spend $4,500 in the first 3 months of opening your account.
Your annual fee is also waived for your first year and then the annual fee is $95 thereafter.
When you use your Capital One® Spark® Miles for Business card to book hotels and rental cars through Capital One’s booking site, Capital One Travel, you earn 5 miles per dollar.
There is no time restriction on using the miles you accumulate, so you can use them exactly when you need them and employees also earn 2 miles per dollar as well.
4. Fair or Limited Credit
Our pick for this category is the Capital One® Spark® Classic for Business card.
If your business is pretty new or your credit is considered fair (in the range of 630 to 689), you may have a tough time getting approved for the business cards previously mentioned.
This is where the Capital One® Spark® Classic for Business card shines.
Your approval rate is high and you still get an unlimited 1% cashback on all of your purchases with no minimum to redeem your rewards.
Additional benefits of this card include no annual fee and 0 foreign transaction fees meaning you can use the card to travel internationally.
The biggest negative about the Capital One® Spark® Classic for Business card is that it comes with a pretty high APR of 26.99%. Additionally, there is no sign-on bonus.
Still, with the limited options available to those with fair or limited credit and the 1% unlimited cash rewards, the Capital One® Spark® Classic for Business card is a great choice.
Another popular option for those looking to build or fix their credit is the Wells Fargo Business Secured Credit Card.
With this card, you earn 1.5% cashback on net purchases (purchases less your returns and credits) for every $1 you spend and there is no annual fee.
Additionally, Wells Fargo has a rewards point program where you earn 1 point for every $1 you spend. After spending $1,000 in any given billing period, you receive $1,000 in bonus points.
Most secured cards fail to offer any rewards so this card offers a present surprise.
There is a minimum deposit of $500 and a maximum of $25,000 which will determine your credit limit.
Be sure to check it out while on your journey to better credit.
5. No Personal Guarantee
For this business credit card category, our top choice is the Brex Corporate Card for Startups.
Most business credit cards geared towards startups require a personal guarantee – not the Brex Corporate Card.
This card has no annual fee and has typically 10-20x higher limits which provide you with more credit when you need it most.
The card also packs unlimited points based on categories.
- You earn 7 points for every dollar spent on rideshare.
- You earn 4 points for every dollar you spend on flights and hotels via Brex’s travel booking site – Brex Travel.
- You earn 3 points for every dollar you spend on restaurants, dining, and apple products.
- You earn 2 points on software subscriptions.
And if your spending happens to not fall in any of those categories, you still earn 1 point per dollar. Once again, these points are unlimited.
You also gain access to pretty sweet sign up offers worth up to $150.000 on top business products and tools such as $150 in Google Ad credits and a 20% discount zoom.
Also, if you sign up through certain partners, you get sign up bonuses after spending a specific amount after creating your account.
If you are a new business, this card is a powerhouse.
Well there you have it – the best business credit cards you can get! As a recap, here are our top picks:
1. For Flat-rate Cash Rewards, our top pick is the Capital One Spark Cash for Business Card.
2. For 0% intro APR, our best choice is the American Express Blue Business Cash™ Card
3. For Travel Rewards, it’s the Capital One® Spark® Miles for Business card.
4. For those with fair or limited credit, our top choice is the Capital One® Spark® Classic for Business card.
5. For no Personal Guarantee, Brex Corporate Card for Startups is our best pick.
And as usual, if you are in need of expert financial guidance, we’re just a click away! Our team of professional financial advisors is happy to help. Contact us today.