Business owners are aware that every penny counts, and so, using a credit card for company transactions can be a profitable tactic for maximizing transactions. Numerous advantages may be available with business credit cards. These include loyalty points, rewards or cash back, travel insurance, and expense management. Determining which of those elements are important for your company and what you value most can help you locate the finest business card for you. Rewards, cash back, or assistance in establishing credit.
The finest business credit cards include benefits, bonuses, and rewards, such as cashback, significant points on travel, and 0% intro APR periods, that assist you in achieving your objectives more quickly. Additionally, the interest and fees on the card may be tax deductible if it is only used for business costs. Here are our picks for the best small-business credit cards, along with information on how to apply for them and what makes them different from consumer cards.
Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is a longtime favorite of Chase small business card users. It offers a generous rewards program that favors travel and everyday business purchases. Moreover, it also offers an attractive points transfer feature that lets you swap your Chase Ultimate Rewards points for other companies’ loyalty currency at a 1-to-1 ratio and, perhaps best of all, a massive sign-up bonus worth up to $1,250 in free travel.
You receive 100,000 bonus Ultimate Rewards points after spending at least $15k in the first three months after activating your account. This is worth $1,250 when used for travel and $1,000 when used for cash. That may be difficult to refuse if you frequently travel for work.
The ongoing rewards program for this card is equally impressive. The 3x tier offers particularly significant rewards: cardholders receive three points for every dollar spent on travel, shipping, telecommunications such as the Internet, cable, and mobile phone bills, and advertising, up to a combined total of $150k in each account anniversary year. 1 point for every $1 spent is earned on all other purchases indefinitely.
The Business Platinum Card from American Express
This is one of the best business rewards cards, thanks to its current elevated welcome bonus and the sheer number of value-added perks it offers card members. While it requires some work to take full advantage of them, the effort can pay off with savings of hundreds or even thousands of dollars per year.
The Amex Business Platinum is best suited for small-business owners who charge thousands of dollars in monthly business expenses to their cards, are frequent travelers, and can take advantage of all the card’s premium benefits.
For these types of cardholders, the benefits and earning rates can more than justify the card’s annual fee. One of the best perks for many cardholders is access to the issuer’s growing network of Centurion Lounges and Amex’s Global Lounge Collection. Centurion Lounges are some of the nicest airport lounges in the U.S., and cardholders of the American Express Centurion Card, The Platinum Card from American Express and the Amex Business Platinum get access. So if you frequently travel for work, this perk might make the card worthwhile.
