Best Business Credit Cards

Best Business Credit Cards. Selecting the best business credit card depends on your business’s specific needs, spending patterns, and preferences. As of my last update in January 2023, here are some popular business credit cards and their main benefits:

Best Business Credit Cards

1. American Express Business Platinum Card:
   • Welcome bonus offers.
   • 5X Membership Rewards points on flights and prepaid hotels on amextravel.com.
   • 1.5X points on eligible purchases in key business categories, and on purchases of $5,000 or more.
   • 35% Airline Bonus.
   • $200 airline fee credit.
   • Access to the Global Lounge Collection.
2. Chase Ink Business Preferred:
   • High welcome bonus after meeting spending requirement.
   • 3X points per dollar on the first $150,000 spent in combined purchases in travel, shipping, internet, cable, phone services, and advertising on social media sites and search engines.
   • Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards.
   • No foreign transaction fees.
3. Capital One Spark Cash for Business:
   • Fixed-rate cash back on every purchase.
   • Welcome bonus after spending a certain amount within the first 3 months.
   • No foreign transaction fees.
4. Bank of America Business Advantage Cash Rewards:
   • 3% cash back in a category of your choice (from a list of select categories).
   • 2% cash back on dining and unlimited 1% cash back on all other purchases.
   • Welcome bonus after spending a certain amount within the first 60 days.
   • 0% introductory APR on purchases for the first 9 billing cycles.
5. The Blue Business® Plus Credit Card from American Express:
   • 2X Membership Rewards points on everyday business purchases up to $50,000 annually, then 1X.
   • 0% introductory APR on purchases for the first 12 months.
6. Chase Ink Business Cash:
   • High cash back rates in specific categories such as office supply stores, and on internet, cable, and phone services.
   • Welcome bonus after meeting spending requirement.
   • 0% introductory APR on purchases for the first 12 months.
7. Brex Corporate Card for Startups:
   • No personal guarantee or security deposit required.
   • Earn points on every purchase, with higher multipliers in select categories.
   • Exclusive partner offers.

When selecting a business credit card, consider the following factors:

• Spending Categories: What are your primary business expenses? Pick a card that rewards your most frequent or expensive categories.
• Introductory Offers: Look for generous welcome bonuses or 0% APR periods if relevant.
• Annual Fees: Some cards come with high annual fees, so ensure the benefits outweigh the costs.
• Additional Perks: Some cards offer extra features like lounge access, free employee cards, or special financing options.
• Foreign Transaction Fees: If you travel or make purchases internationally, look for cards with no foreign transaction fees.
• Flexibility in Redemption: Check how you can redeem your rewards – through statement credits, gift cards, travel bookings, etc.

Always review the most up-to-date terms and conditions, and consider consulting with a financial advisor to make the best choice for your business’s specific needs.

Also Checkout: Best Credit Cards for Airport Lounge Access