The best small business credit cards offer high reward payouts, specific rewards categories, and low introductory and ongoing interest rates. Based on these criteria, we’ve compiled a list of the top 15 small business credit cards and ranked them based on costs, application process, and rewards for various business needs and types of borrowers.
Best Small Business Credit Cards August 2018
|Chase Ink Business Cash℠||(Best Overal)l Introductory and ongoing cash back rewards with no annual fee.|
|Bank of America® Business Advantage Cash||Business owners with prime credit who want the lowest APR cash back card we reviewed.|
|American Express SimplyCash Plus||Business owners who to earn the highest cash back rewards in select spending categories.|
|Chase Ink Business Preferred℠||Small business owners with prime credit who want to earn ongoing travel rewards on purchases.|
|American Express Platinum Delta Skymiles||Businesses that want introductory airline rewards and travel with Delta Airlines.|
|Bank of America® Platinum Visa® Business||Lowest overall APR card with no annual fee, an introductory bonus, but no rewards program.|
|American Express Blue Business Plus||Owners who want the longest 0% introductory APR available (15 months) to spread out the payments of a large purchase.|
|American Express Business Platinum||Business owners planning a $25,000+ purchase or regularly have credit card bills over $10,000/month.|
|Chase Ink Business Unlimited℠||Businesses that want flat cash back rewards on unlimited purchases and no annual fee.|
|Capital One Spark Cash||Businesses that want another option for flat cash back rewards on unlimited purchases.|
|Bank of America® Business Advantage Travel||Business owners with prime credit who want to earn travel rewards with a the low ongoing APR.|
|Capital One Spark Miles||Owners who want a travel card with a flat rewards rate and unlimited miles.|
|Southwest Rapid Rewards Premier® Business||Business owners who travel frequently with Southwest and want unlimited points with no foreign transaction fees|
|GM BuyPower Business Card||Businesses with large fleets of cars, especially those with a lot of GM vehicles.|
|CitiBusiness/AAdvantage Platinum Select||Businesses who travel frequently with American Airlines.|
How We Evaluated the Best Business Credit Card
Business credit cards can come with a variety of rewards and a range of APRs and fees. The best card for you is likely going to be determined by your personal and business situation, including the type of rewards you want. When deciding which cards are the best overall and the best in their respective categories, we considered the following criteria:
- Introductory APR – Whether a card offers a 0% introductory period
- Ongoing APR – The ongoing interest rate charged on purchases and balance transfers
- Annual Fee – The annual cost to have a small business credit card
- Who the card is best for – How many types of businesses can benefit from a particular business credit card
- Introductory rewards – Whether a card offers introductory bonus points or cash back
- Ongoing rewards – The rewards structure of a small business credit card and the level of points or cash back you can earn on ongoing purchases
We also took into account minimum qualifications, but most business credit card providers require you to be a prime borrower. While it’s possible to qualify for a small business credit card with a 640+ credit score, we recommend having a 700+ score if you want to qualify with the best cards for the best rates and largest credit lines. If you have bad credit (less than 640) you can still qualify for a secured credit card or a prepaid business credit card.
After taking these things into consideration, we recommend the Chase Ink Business Cash℠ card as the best overall card that will be a good fit for most small businesses. It is the most versatile card that provides up to 5% cash back on select purchases.
Here are the 15 best business credit cards:
Chase Ink Business Cash℠: Best Overall Small Business Credit Card
Businesses that use credit cards to make basic office expense payments will find the cash back provided by the Chase Ink Business Cash℠ card very rewarding. You could earn up to 5% cash back on basic office expenses you pay every day and between 1% – 2% on all other purchases. The APR is competitive with other cards and you’ll receive 0% interest for the first 12 months.
Chase Ink Business Cash℠ Rewards
The Chase Ink Business Cash℠ card provides only cash back rewards. You’ll see up to $500 in initial rewards and up to 5% cash back on certain purchases, as described below.
Receive $500 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening.
You’ll earn the following cash back rewards as you use your card:
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year.
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
- Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
Chase Ink Business Cash℠ Costs
As you use the Chase Ink Business Cash℠ card you’ll incur the following costs:
- Introductory APR: 0% For the first 12 months
- Regular APR: 14.99% – 20.99% Variable
- Annual Fee: None
Chase Ink Business Cash℠ Reviews
Online reviews of the Cash Ink Business Cash℠ card are excellent. Cardholders especially like that the card pays high cash back rewards without any annual fee. The card is also backed by one of the largest retail banks in the country, so there are very few complaints about customer service.
What Chase Ink Business Cash℠ is Missing
The Chase Ink Business Cash℠ card provides some great cash back rewards but the introductory rewards are not as strong as some of the other cards in this article. You also don’t receive extra cash back for travel expenses.
Where to Get Chase Ink Business Cash℠
You can apply online with Chase by filling out a basic application containing both business and personal information and you could be approved instantly. Once you’re approved you’ll receive your card in the mail within 7-10 days.