Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.
The best small business credit cards of August 2021:
| Category | Small business credit card |
| Best sign-up bonus: | |
| Best for premium travel benefits: | |
|
Earns travel points with no annual fee |
|
| Best cash-back business card: | |
| Earn 2x miles no matter what you buy: | |
| Maximize Chase Ultimate Rewards points OR cash back: | |
| Best for big spenders: | |
| If your business spends a lot on office supplies and wireless: | |
| If you only use one business credit card: |
Whether you’re a freelancer, someone with a side hustle, or you run a business with dozens of employees, keeping your personal and business finances separate is vital. Things can get muddy quickly when you’re cutting personal and business checks from the same account. That’s where business credit cards come in.
Even the smallest of businesses are eligible for business credit cards, such as freelancers, individuals with side gigs, or even people who resell things on eBay. And if you’re a bigger business – or aspire to grow into one, with employees and more resources – a business credit card will not only help separate expenses, but also help you establish business credit, so that you have flexibility later on with loans and leases. Plus, you can get additional authorized cards for employees as needed.
Best sign-up bonus: Ink Business Preferred® Credit Card
If you’re looking to earn valuable, flexible rewards points on your small business spending, the Chase Ultimate Rewards (UR) ecosystem is among the best options. If you already have one of Chase’s popular personal rewards cards – like the
Like those cards, the
What the experts love: A great sign-up bonus, 3x points on up to $150,000 spent per year in select popular business categories.
What the experts don’t love: You have to spend $15,000 in the first three months to earn the 100,000-point welcome bonus, so this offer won’t be ideal for smaller businesses with less spending.
Read more about the Ink Business Preferred:
- Ink Business Preferred credit card review
- I put 90% of my small business spending on Chase’s Ink Business Preferred card to get more points, easier redemptions, and no foreign transaction fees
- Chase Ink cardholders can now redeem points in great new categories like internet and phone services with Pay Yourself Back
Best for premium travel perks: The Business Platinum Card® from American Express
The small business version of American Express’ famed
What the experts love: Lots of perks, including statement credits, plus 5x Amex Membership Rewards points on airfare and prepaid hotels when you book through Amex Travel
What the experts don’t love: Very high annual fee of
Read more about the Business Platinum card:
- Amex Business Platinum card review
- Why I opened the Business Platinum to get Centurion Lounge access
- 5 signs you should have the Amex Business Platinum instead of the Amex Platinum
Earns travel points with no annual fee: The Blue Business® Plus Credit Card from American Express
According to Insider’s points and miles valuations, Amex points are worth 1.8 cents apiece on average, so you’re getting a 3.6% return on all your business spending up to $50,000 each year.
What the experts love: 2x points on up to $50,000 spent per year (then 1x), with no annual fee. “Plus, pay no interest on new purchases for the first year. That’s very helpful for small business owners,” says Sara Rathner, credit card expert at NerdWallet.
What the experts don’t love: “If you’re looking for a lucrative welcome offer to give you an instant points boost, this isn’t the card to give you that,” says Benét Wilson. (The Blue Business Plus card doesn’t usually offer a welcome bonus but is currently offering
Read more about the Blue Business Plus card:
- Blue Business Plus card review
- Use these 3 Amex cards to earn maximum rewards points for every purchase you make
Best cash-back business card: Capital One® Spark® Cash for Business
The
At first glance,
What the experts love: You earn the same 2% back everywhere, annual fee waived the first year
What the experts don’t love: Other business credit cards offer a great return on spending in some purchase categories, and some offer higher welcome bonuses as well.
Read more about the Capital One Spark Cash card:
- Capital One Spark Cash card review
- The 4 best business credit cards for earning cash back, no matter what you buy
Earn 2x miles on everything: Capital One® Spark® Miles for Business
The
What the experts love: “The flat 2 miles per dollar spent that you earn on this card transfer to more than a dozen airline and hotel partners, plus you earn 5x miles on hotels and rental cars booked with the card through Capital One Travel,” says Wilson.
What the experts don’t love: No 0% APR period, not as many perks as some other cards with a similar annual fee
Read more about the Spark Miles for Business card:
- Capital One Spark Miles for Business review
- Capital One Spark Miles vs. Capital One Spark Cash card comparison
If you want to maximize Chase points and cash back: Ink Business Unlimited℠ Credit Card
The newest card in Chase’s business portfolio, the
That means that you can combine the points earned from the
What the experts love: “The current sign-up bonus is worth $750, which is especially impressive for a no-annual-fee card,” says Silbert.
What the experts don’t love: This card isn’t as valuable on its own – you need another Chase card to truly maximize the rewards.
Read more about the Ink Business Unlimited card:
- Ink Business Unlimited card review
- The Chase Ink business cards all come with hefty sign-up bonuses, and the best one depends mostly on how you spend and travel
Best for big spenders: American Express® Business Gold Card
If you don’t want to pay the higher annual fee of
What the experts love: High level of customization when it comes to where you earn the most rewards
What the experts don’t love: Wilson notes that it’s the only premium Amex card that doesn’t offer a statement credit to offset the annual fee.
Read more about the Amex Business Gold card:
- Amex Business Gold card review
- Amex Business Platinum vs. the Amex Business Gold card
- Amex Gold versus Amex Business Gold: Which card is best for you?
Best for office supplies and wireless: Ink Business Cash℠ Credit Card
The
The
What the experts love: No annual fee, you can earn up to 5% cash back
What the experts don’t love: Not the best option if you don’t spend a lot within the 5% cash-back categories
Read more about the Ink Business Cash card:
- Ink Business Cash card review
- The Chase Ink Business Unlimited and Ink Business Cash are both great cards with no annual fee – the better option for you depends on your spending
If you only use one business credit card: Brex Card
The
You can transfer Brex points to eight airline partners, including JetBlue, or redeem them for cash, gift cards, or statement credits. There’s also a new option to convert Brex points into bitcoin or ethereum – the first-ever cryptocurrency redemption offered by a business credit card.
What the experts love: “Generally with small-business cards, if your business can’t pay the bill, you’re liable to pay it out of your personal accounts. The Brex card doesn’t require this, nor does it require an established personal credit history. It’s a rare card designed for startup founders,” says NerdWallet’s Rathner.
What the experts don’t love: The card is only available to US corporations and other forms of non-individual liability companies, such as LLCs, LLPs, C-corps, and S-corps, plus you must have at least $100,000 in a business bank account to qualify, notes Wilson.
Read more about the
Airline business credit cards
Welcome offer: Varies
If you fly often for work, and you’re loyal to one particular airline, then it could be worth getting an airline’s business credit card. In addition to earning frequent flyer miles on every purchase, you’ll get a variety of perks like free checked bags and priority boarding.
Read more: The best airline credit cards of 2021
Each airline credit card has slightly different terms and benefits, but these are some of the best options to consider for your business.
Delta
Delta SkyMiles® Gold Business American Express Card Delta SkyMiles® Platinum Business American Express Card Delta SkyMiles® Reserve Business American Express Card
United Airlines
United℠ Business Card United ClubSM Business Card
American Airlines
CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®
Southwest Airlines
Southwest Rapid Rewards® Premier Business Credit Card Southwest Rapid Rewards® Performance Business Credit Card
Alaska Airlines
- Alaska Airlines Visa® Business credit card
Hotel business credit cards
Welcome offer: Varies
If you frequently travel for business, a hotel business credit card could also make sense. You’ll earn hotel points on all your spending, and some cards offer complimentary elite status and annual free reward nights.
Read more: The best hotel credit cards of 2021
The benefits and bonuses vary, but here are some top options to consider:
Hilton
The Hilton Honors American Express Business Card
Marriott
Marriott Bonvoy Business™ American Express® Card
Wyndham
Wyndham Rewards® Earner Business Card
Frequently asked questions
How did we choose the best business credit cards?
Personal Finance Insider evaluated dozens of business credit cards that are currently open to new applicants, and narrowed the list down based on the following criteria:
- Sign-up bonus – Does the card offer a valuable welcome bonus to new cardholders who meet a minimum spending requirement?
- Ongoing rewards – Beyond the welcome bonus, does the card offer a competitive rate of points or cash back on purchases?
- Other features – Does the card come with any additional benefits, such as travel protection, free employee cards, or car rental coverage?
- Annual fee – If the card has an annual fee, does it offer enough benefits to justify it?
What’s the difference between a personal credit card and a business credit card?
While personal credit cards are intended for any type of purchase, business credit cards are targeted toward small business owners. That doesn’t mean you need a large established company to apply for a business credit card; even if you’re a freelancer you can get approved for a business card provided you meet the bank’s application requirements.
Read more: My 3 favorite credit cards to earn points and miles on spending for my small business
Business credit cards usually offer different rewards and benefits than personal credit cards. For example, a business card may earn bonus rewards on purchases at office supply stores, and it may offer free cards for employees. Plus, business cards can have higher credit limits than personal credit cards, and in most cases, the activity on a business card won’t affect your personal credit report (although if you default on the business card, the card issuer can still come after you personally).
Who has the best business credit card?
American Express, Chase, Citi, Capital One, and other issuers all offer solid options when it comes to business credit cards. The best choice for you depends on what benefits you value, and how much of an annual fee you’re willing to pay.
Read more: The best premium credit cards of 2021
If you want a rewards card with all the bells and whistles,
How do I qualify for a business credit card?
The good news is that it’s easier to qualify for a business credit card than you may think. If you do any freelancing or a side gig, such as driving for Uber or selling items on eBay, you can typically qualify for a business credit card as a sole proprietor. In this case, you are personally on the hook for your business’ debts.
Small business owners who aren’t sole proprietors can qualify for business cards too. If you have a larger business with employees, you may be asked to include your Employer Identification Number (EIN) on your credit card application.
What do I put on a business credit card application?
If you’re a sole proprietor, you can apply for a business card using your Social Security number. You should put down your legal name as the business name. If you have a business with employees, you’ll need to answer questions about your business size, type, and revenue, in addition to providing your SSN and your EIN (if requested).
What’s the difference between a business credit card and a corporate credit card?
With a business credit card, the primary cardholder is responsible for the debts on the card and for any fees that are incurred. A corporate card is issued by a company to its employees, and the company is responsible for paying that card.
Read more: The 4 best business credit cards for earning cash back, no matter what you buy
With a corporate card, you generally won’t earn rewards (and you also usually won’t be on the hook for whatever you charge to it), while with a business card in your name, you get to keep whatever rewards you earn through your spending.
Our expert panel for this guide
We consulted top credit card experts from NerdWallet and The Points Guy, a certified financial planner, and our own credit cards editor to inform our picks for the best business credit cards. We also interviewed them about how to find the best small business credit card for you – you’ll find the whole text of our interviews at the bottom of this page.
Business Insider
How our list compares to other publications
Opening a new credit card isn’t a decision you should make lightly – it involves plenty of research and cross-checking top experts’ lists. To help streamline your decision-making process, we’ve compared our list of the best business credit cards to other top publications’ recommendations.
| Personal Finance Insider | NerdWallet | The Points Guy | |
| ✓ | ✓ | ✓ | |
| ✓ | ✓ | ✓ | |
| ✓ | ✓ | ✓ | |
| ✓ | ✓ | ✓ | |
| ✓ | ✓ | ✓ | |
| ✓ | |||
| ✓ | |||
| ✓ | ✓ |
The experts’ advice on choosing the best business credit card for you
We interviewed three credit card experts and one financial planner about what to look for if you’re considering opening a business credit card. You can find the full text of our interviews below (some answers may be lightly edited for clarity).
What features make a business credit card good?
Sara Rathner, credit card expert at NerdWallet:
The rewards need to be in line with your business’ typical spending. An ultra-high bonus isn’t worth overspending for. And what good is extra cash back if it’s for types of purchases you’ll never make?
Luis Rosa, certified financial planner:
The ability to easily provide corporate cards to employees with their own spending limits, plus a strong sign-up bonuses and cash-back or rewards programs.
Sarah Silbert, senior reviews editor at Personal Finance Insider:
A good business credit card will reward your company on the purchases it makes most frequently. It will also offer benefits to make your life easier, such as free employee credit cards and travel perks.
Benét Wilson, senior credit cards editor at The Points Guy:
If you spend a lot on specific categories (like travel, office supplies, dining, and internet/wireless), then you want a card that offers top points per dollar spent on them. You want free employee cards and tools that help you balance the books. Plus you need broad options to redeem your points (travel, statement credits, gift cards).
How should someone approach finding the best business credit card for their specific situation?
Sara Rathner, NerdWallet:
Before applying, know how much you spend, and on what. From there, you can find the cards that reward you the most for what your business already does.
Luis Rosa, CFP:
Benefits will vary from solopreneurs to bigger businesses so make the decision based on spending patterns or anticipated future purchases.
Sarah Silbert, Personal Finance Insider:
If there are any specific benefits you want from a business credit card, start there. For example, not every business card comes with airport lounge access. If you don’t have any particular perks in mind, consider whether you want to earn cash back or travel rewards – that decision alone will narrow down your options. From there, take a look at the credit card options and evaluate their benefits. If you’re looking at a card with an annual fee, make sure it’s worth it for you. You won’t want to pay hundreds of dollars per year for a card if you never put its luxury travel perks to use.
Benét Wilson, The Points Guy:
Look for a business credit card that can help you maximize your purchases, separate your expenses and save money on interest each year. Do you prefer earning cash-back rewards, airline miles, hotel points, or transferable currencies? Are you willing to pay an annual fee? What categories does your business spend the most in each year? Do you or your employees travel frequently and if so, would there be a benefit in having hotel elite status or a checked bag allowance when flying?
Is there anything else you’d tell someone looking to open a business credit card?
Sara Rathner, NerdWallet:
Remember that you’re personally liable to cover any unpaid credit card bills if your business fails. Spend carefully.
Luis Rosa, CFP:
Keep in mind that if you assign employees cards you and the business are still ultimately responsible for the charges on those cards.
Powered by WPeMatico
