Before you begin doing some business credit card comparison, think about your goals and the type of card you need. For example, if you know how much cash back or rewards points you can earn at different spending levels, then it’s clear that one thing is best for you. However, if the primary purpose of business credit cards is to earn free travel, you can also make use of the business credit card comparison table.
If your spending is not in the list when choosing a business credit card, then think about why that is and what it means for you. For example, if you need to spend over $50 million each year with your business’ new small business credit cards, then this may not be the right card for you. However, if your spending is still in the range of $5 million to $10 million per year you can consider business credit cards with no annual fee and good points points and business cards with great rewards and 0% intro APR offers.
Before we talk about learning how to choose a small business credit card, it is important to note that not all business cards are the same. This is because there are different types of credit cards designed for companies with different needs. It means you should know when it’s best to apply for a business credit card and when it’s better to apply for your personal cards or small business cards.
When you are looking for business cards, you should always consider the type of card you need. For example, if the main function is to earn cash back or other rewards on your purchases, then choose a business credit card that offers the best cash back. If you want to save money on interest payments and finance charges, look for 0% APR business credit cards. If you need a card designed for a specific business purpose, choose one of these credit cards for free with no annual fee and 0% APR offers.
In addition to having a good rewards system or low interest rates, you should consider the ease of using your business credit cards. The primary function of business credit cards is to be used only for business purposes. This means you should avoid using your business credit cards to pay household expenses, such as cable bills and utility bills.
Another important factor in choosing a business card is the number of employees who will use these small business credit cards. If everyone has their own personal card and you want to consolidate spending on one or two business cards, then a business credit card with a good rewards program and no annual fee is best.
How to choose a small business credit card?
When you have some small business cards that meet your goals, it’s time to compare the different features of each card. For example, if you want cash back on every purchase, look at different business cards and see how the cash back system works. If you want to save money on interest payments and finance charges, then compare different business credit cards that offer 0% APR offers for a limited time.
Another important factor in choosing a small business card is the type of rewards it offers. For example, if your spending is primarily in the form of travel, then you should look for a business credit card that offers the best travel rewards. Looking at your goals and spending habits can help you choose the right small business credit card.
What are the Best Small Business Credit Cards?
Now that you know how to compare different cards, let’s take a look at some of the best small business credit cards. Business credit card comparison can help you find the right card for your needs.
Below are the list of top business credit cards in 2024:
- American Express Blue Business Plus
The American Express Blue Business Plus credit card is a great choice for small business owners who spend about $10,000 or more each year on their purchases. You earn 2X Membership Rewards points for every dollar you spend and the points can be redeemed to book travel through the Amex Travel website. In addition, the Blue Business Plus card offers a 0% intro APR for 12 months on purchases and balance transfers. You can then enjoy a variable APR of 13.24-20.24%. It also offers no annual fee and no foreign transaction fees so you can use your business credit cards to travel in any country.
- Capital One Spark Select for Business
The Capital One Spark Select for Business is a great choice if you spend about $50,000 or more each year on your business cards. The card offers unlimited 2 percent cash back on every purchase, plus the chance to earn 50,000 bonus points if you spend at least $5,000 in the first 3 months of opening your account. These points can be redeemed for a $500 statement credit to pay off any charges on your Capital One business card. In addition, there is no annual fee and you have access to a variety of small business services designed to help you manage expenses and improve your productivity.
- Chase Ink Business Preferred
Chase Ink Business Preferred is a top choice for business owners who spend about $150,000 or more per year on their credit cards. This card offers 80,000 bonus points after you spend at least $5,000 in the first 3 months of opening your account. These points are worth $1,000 when you redeem them through the Ultimate Rewards system at Chase. You also earn 3X points on the first $150,000 you spend each year on travel, shipping purchases, internet advertising and phone billing with your business credit card. Finally, there is no limit to how many points you can earn.
- CitiBusiness / AAdvantage Platinum Select World Mastercard
Most airline miles cards are geared toward individuals, not businesses. However, CitiBusiness / AAdvantage Platinum Select World Mastercard is one of the best airline credit cards for business owners who spend roughly $25,000 or more per year on their purchases. You can earn 60,000 bonus American Airlines AAdvantage miles after spending at least $4,000 in the first 4 months of opening your account. These miles are worth $600 if you redeem them for flights on American Airlines or other participating companies. The CitiBusiness / AAdvantage Platinum Select World Mastercard also has a 0% introductory APR for 12 months and no foreign transaction fees.
- Starwood Preferred Guest Business Credit Card from American Express
If you’re looking for a business credit card with great travel benefits, consider the Starwood Preferred Guest Business Credit Card from American Express. This card has no annual fee and offers 25,000 bonus points if you spend $5,000 during your first 6 months of opening your account. You earn 1 point for every $1 you spend on purchases with your business card and the points are flexible. They can be redeemed for flights, hotel stays, car rentals or even gift cards. You give up some flexibility when you redeem points through AAdvantage but Amex will let you transfer points to participating airline loyalty programs at a 1:1 value.