the-best-small-business-credit-cards-of-march-2022

The Best Small Business Credit Cards Of March 2022

The best small business credit cards of March 2022

You’d be surprised at what qualifies you for a small business credit card. Small businesses aren’t always multi-million dollar operations — whether you’re a freelancer, an Uber driver, a dog-walker, or have any other for-profit side hustle, you can open a small business credit card.

And for anyone running a business with dozens of employees, keeping your personal and business finances separate is vital. Things can get murky quickly when you’re cutting personal and business checks from the same account — 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.

Read more: Any good business credit card will have these 5 benefits — from a high sign-up bonus to purchase protection

Before you decide on the right card for your venture, you should have an idea of how your want to redeem your rewards:

  • Do you want to earn miles and points for free luxury vacations?
  • Do you want to decrease the cost of your business travel?
  • Do you want to earn cash back to reinvest in your business?

It’s also important to consider your spending habits and choose a card that earns the most rewards for your usual business expenses.

These are some of the very best small business credit cards available right now, as chosen by Insider’s experts.

Featured business cards from our partners

Regular APR 14.24% – 22.24% Variable

Credit Score Good to Excellent

Regular APR 13.24% – 21.24% Variable APR

Credit Score Good to Excellent

Regular APR 15.99%–20.99% variable APR

Credit Score Good to Excellent

Best sign-up bonus: Ink Business Preferred® Credit Card

Regular APR

15.99%–20.99% variable APR

Recommended Credit Score

Good to Excellent

Regular APR

15.99%–20.99% variable APR

Recommended Credit Score

Good to Excellent

More Information

  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
  • Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

If you’re looking to earn valuable, flexible rewards points on your small business spending, the Chase Ultimate Rewards program is among the best options. If you already have one of Chase’s popular personal rewards cards — like the Chase Sapphire Preferred® Card or Chase Sapphire Reserve® — the Ink Business Preferred® Credit Card is an ideal business card companion.

Like those cards, the Ink Business Preferred® Credit Card earns Ultimate Rewards points, and while you can keep them on that card and separate from the rest of your stash, you can also combine them with the rest of your points. These points can be traded for cash back, transferred to frequent flyer and hotel loyalty partners, or used to purchase travel with a 25% bonus (or a 50% bonus if you move your points over to your Chase Sapphire Reserve®). 

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: 

Best for premium travel perks: The Business Platinum Card® from American Express

Regular APR

14.24% – 22.24% Variable

Recommended Credit Score

Good to Excellent

Regular APR

14.24% – 22.24% Variable

Recommended Credit Score

Good to Excellent

Pros

  • More travel benefits than you’ll find on any other business credit card
  • Generous airport lounge access options, from American Express Centurion Lounges to Priority Pass (enrollment required)
  • Complimentary hotel elite status (enrollment required)
  • Access to Amex concierge services

Cons

  • Very high annual fee
  • Limited opportunities to earn bonus points
  • Annual statement credits won’t be useful for everyone
Read Our Review Read Our ReviewA looong arrow, pointing right

More Information

  • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
  • Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% based on your credit worthiness and other factors as determined at the time of account opening.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
  • Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
  • Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
  • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
  • The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
  • $695 Annual Fee.
  • Terms Apply.

Intro APR

0% Intro APR for 12 months on purchases eligible for Pay Over Time

The small business version of American Express’ famed Platinum Card used to be our pick for the top business card, but the annual fee has since increased and it’s become a bit more of a niche product. The Business Platinum Card® from American Express is potentially useful for mid-sized businesses that spend a lot on flights and travel, but less valuable for sole proprietors and very small operations.

The Business Platinum card recently added new benefits, including new 1.5x earning categories and statement credits for wireless, Indeed, and Adobe purchases, in addition to a higher statement credit for Dell

What the experts love: You’ll get lots of perks, including statement credits, plus 5x Amex Membership Rewards points on airfare and prepaid hotels when you book through Amex Travel. The card also comes with 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership.

What the experts don’t love: Very high annual fee of $695 (See Rates), plus a high minimum spending requirement to earn the welcome bonus. Says Benét Wilson, credit cards editor at The Points Guy, “If you don’t travel a lot, this may not be your best choice since you don’t earn higher points on spending categories most popular for businesses.”

Read more about the Business Platinum card:

Earns travel points with no annual fee: The Blue Business® Plus Credit Card from American Express

Regular APR

13.24% – 21.24% Variable APR

Recommended Credit Score

Good to Excellent

Regular APR

13.24% – 21.24% Variable APR

Recommended Credit Score

Good to Excellent

More Information

  • Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
  • Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express, and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.24% – 21.24%, based on your creditworthiness and other factors at account opening.
  • No Annual Fee
  • Terms Apply

Intro APR

0% intro APR on purchases for the first 12 months from account opening

The Blue Business® Plus Credit Card from American Express doesn’t usually have a welcome offer, but right now it’s offering a bonus of 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the card within your first 3 months of card membership. It’s a rare points-earning business card that doesn’t charge an annual fee; you’ll earn 2 points per dollar on the first $50,000 you spend each calendar year, with no bonus categories to keep track of. 

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 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the card within your first 3 months of card membership).

Read more about the Blue Business Plus card:

Best cash-back business card: Spark 2% Cash Plus

Recommended Credit Score

Excellent

Recommended Credit Score

Excellent

Pros

  • Potential to earn up to $3,000 in cash back from the welcome bonus
  • No preset spending limit
  • Strong 2% cash back rate on all purchases with no bonus categories to track and no limits to the rewards you can earn

Cons

  • Annual $200 cash bonus has a very high spending requirement
  • Relatively high annual fee
  • Because it’s a charge card, you must pay off your balance in full each month
Read Our Review Read Our ReviewA looong arrow, pointing right

More Information

  • The information related to the Spark 2% Cash Plus has been collected by Business Insider and has not been reviewed by the issuer.
  • Unlimited 2% cash back on every purchase
  • Enjoy a one-time bonus of up to $3,000: $500 after spending $5,000 in the first 3 months, and $2,500 after spending $50,000 in the first 6 months from account opening
  • Earn an annual $200 cash bonus for every year you spend $200,000 or more on the card
  • No preset spending limit; your purchasing power adapts to your spending and payment behaviors
  • Free employee cards
  • $0 fraud liability if your card is lost or stolen
  • Your balance is due in full every month, otherwise you’ll be charged a 2.99% monthly late fee
  • No foreign transaction fees
  • Annual fee of $150

The Spark 2% Cash Plus earns unlimited 2% cash back on all purchases. That’s it. No categories, no points values or conversions, no redemption minimums. Rewards won’t expire for the life of the account, and you can redeem any amount of cash back. The card has an annual fee of $150, and it currently offers $500 after spending $5,000 in the first 3 months, and $2,500 after spending $50,000 in the first 6 months from account opening.

At first glance, The Blue Business® Plus Credit Card from American Express might seem like a better option, since it earns 2x points and doesn’t have an annual fee. However, keep in mind that while 2x points may be more valuable than 2% cash if you redeem strategically for travel by transferring to partners, you can’t redeem Membership Rewards points outright for cash. You can redeem them for a statement credit, but they’ll only be worth 0.6 cents each. That means that effectively, the Amex card only offers 1.2% “cash” back, compared to the no-strings-attached 2% from the Spark 2% Cash Plus.

What the experts love: You earn the same 2% back everywhere, no preset spending limit since it’s a charge card.

What the experts don’t love: Other business credit cards offer a great return on spending in some purchase categories.

Read more about the Capital One Spark Cash Plus card:

Earn 2x miles on everything: Capital One Spark Miles for Business

Annual Fee

$95, waived the first year

Regular APR

20.99% variable APR

Recommended Credit Score

Excellent

Annual Fee

$95, waived the first year

Regular APR

20.99% variable APR

Recommended Credit Score

Excellent

More Information

  • The information related to the Capital One Spark Miles for Business has been collected by Business Insider and has not been reviewed by the issuer.
  • Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
  • Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won’t expire for the life of the account
  • Transfer your miles to 15+ travel loyalty programs
  • Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
  • Fly through security with one statement credit for either the $85 TSA PreCheck® application fee or the $100 Global Entry application fee
  • $0 intro annual fee for the first year; $95 after that
  • Free employee cards which also earn unlimited 2X miles from their purchases

The Capital One Spark Miles for Business is a great option if you don’t want a complicated rewards credit card strategy but you want choices in how you redeem your miles from the one card you do use. You can transfer them to over a dozen airline and hotel partners or you can use miles to “wipe” your business’ travel expenses from your credit card statement. Beyond that, you can redeem Capital One miles for cash back or gift cards. So if you don’t want to be locked into just one way to use your rewards, this card could make sense.

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:

If you want to maximize Chase points and cash back: Ink Business Unlimited® Credit Card

Regular APR

13.24%–19.24% variable APR

Recommended Credit Score

Good to Excellent

Regular APR

13.24%–19.24% variable APR

Recommended Credit Score

Good to Excellent

More Information

  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
  • 0% introductory APR for 12 months on purchases

The newest no-annual-fee card in Chase’s business portfolio, the Ink Business Unlimited® Credit Card is a simple one at first glance — earn unlimited 1.5% cash back. However, just like the consumer Chase Freedom Flex℠ and Chase Freedom Unlimited® cards, the Ink Business Unlimited® Credit Card has a trick up its sleeve. Although the card is marketed as “cash back,” it actually earns Ultimate Rewards points that you can redeem for cash (1 point = 1 cent).

That means that you can combine the points earned from the Ink Business Unlimited® Credit Card with the ones you earn from cards like the Ink Preferred, or the personal Chase Sapphire Reserve® or Chase Sapphire Preferred® Card, and either earn a bonus when you redeem them for travel through Chase, or transfer them to travel partners. Combined with an Ink Preferred, you’ll get a guaranteed 1.5–3 points per dollar spent.

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:

Best for big spenders: American Express® Business Gold Card

Recommended Credit Score

Good to Excellent

Recommended Credit Score

Good to Excellent

More Information

  • Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • More Rewards: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. **
  • **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
  • Airline Bonus: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
  • Pay Over Time Option: Decide whether you want to pay eligible purchases in full each month-or pay over time with interest.*
  • *Terms Apply

If you don’t want to pay the higher annual fee of The Business Platinum Card® from American Express, the American Express® Business Gold Card is a good alternative. And depending on your spending habits, the Business Gold could actually be a more rewarding choice, thanks to the ability to earn 4x points on popular business spending categories on the first $150,000 in combined purchases each calendar year in the two select categories where your business spent the most each month; then 1x. 

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:

Best for office supplies and wireless: Ink Business Cash® Credit Card

Regular APR

13.24%–19.24% variable APR

Recommended Credit Score

Good to Excellent

Regular APR

13.24%–19.24% variable APR

Recommended Credit Score

Good to Excellent

Pros

  • Broad 5% and 2% cash-back categories (you can earn bonus cash back at office supply stores and at gas stations and restaurants)
  • Intro APR offer for purchases
  • No annual fee
  • You can pair this card with a card that earns Ultimate Rewards to redeem your cash back for travel

Cons

  • Annual cap on bonus categories
Read Our Review Read Our ReviewA looong arrow, pointing right

More Information

  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • 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 purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • 0% introductory APR for 12 months on purchases

The Ink Business Cash® Credit Card is another solid Chase entry, and just like with the Ink Business Unlimited® Credit Card, you can pool the “cash” you earn with points from a points-earning card, effectively converting your cash into (potentially) more valuable points.

The Ink Business Cash® Credit Card is an especially good option if you can maximize its bonus categories, including office supply stores, internet, cable, and restaurants, among others.

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:

If you only use one business credit card: Brex Card

Pros

  • No personal guarantee
  • Several bonus categories
  • Discounts with Slack, Zoom, AWS and more
  • No annual fee

Cons

  • You can only earn bonus rewards if Brex is your only corporate card, so it doesn’t pair well with other business rewards credit cards
  • Fewer options for redeeming rewards compared to some business credit cards from Amex and Chase

More Information

  • 50,000 signup bonus points after spending $9,000+ in the first 30 days
  • Brex offers a corporate credit card designed to help companies boost their spending power and grow faster
  • Get 10-20x higher limits than traditional business credit cards while earning rewards and cash back on everything you spend, like 7x on rideshare and 2x on recurring software
  • Build business credit from day one with a card that’s automatically paid monthly
  • No credit check, no personal guarantee, no account fees, and no interest
  • Save time and money with automatic receipt-matching and built-in expense management tools to help you gain detailed insights on your spend
  • Issue unlimited virtual cards to your team, and set custom limits on each card
  • Close the books in record time with QuickBooks, Xero, NetSuite, Concur, and Expensify integrations
  • To get approved for a Brex card with monthly payments, businesses need a linked bank balance of at least $50,000
  • Brex Mastercard® issued by Emigrant Bank, Member FDIC. Brex Cash provided by Brex Treasury LLC, member FINRA and SIPC. Brex Treasury is not a bank; Brex Cash is not a bank account. Testimonials may not represent experiences of all clients. Terms apply, visit brex.com.

The Brex Card stands out because it doesn’t require any personal guarantees, and it offers strong rewards for customers who make Brex their exclusive corporate card (up to 8x points on rideshare and up to 4x points at restaurants and coffee shops, for example).

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 Brex Card:

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: Guide to the best airline credit cards

Each airline credit card has slightly different terms and benefits, but these are some of the best options to consider for your business.

Delta

United Airlines

American Airlines

Southwest Airlines

Alaska Airlines

Read more: How I used rewards credit cards to cut my small-business travel costs in half

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: Guide to the best hotel credit cards

The benefits and bonuses vary, but here are some top options to consider:

Hilton

Marriott 

Hyatt

Wyndham

Read more: I just opened the Hilton Honors American Express Business card, and it will single-handedly give me a luxury $8,000 Maldives resort stay

Small business credit cards — Frequently Asked Questions (FAQ)

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?

Read more: How I earned over 150,000 points just by putting my regular freelancer expenses on a small-business credit card

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

If you want a rewards card with all the bells and whistles, The Business Platinum Card® from American Express is a good choice. If you care less about perks like airport lounge access and annual statement credits, a more straightforward card that earns bonus rewards on all your spending, a card like the Capital One Spark Miles for Business could be a better fit.

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.

Read more: How I paid my business start-up costs with a credit card — then put the bonus miles right back into the business

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.

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 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.

Sarah Silbert is the Senior Reviews Editor at Personal Finance Insider. She oversees the vertical’s guides and reviews, covering topics including banking, credit cards, insurance, investing, and mortgages. Her goal is to empower readers to make smart, informed financial decisions. She is also a Certified Educator in Personal Finance (CEPF). You can reach Sarah at ssilbert@insider.com. Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »

Similar Posts