Best Small Business Credit Cards for 2022
Are you any of the following?
- Small business owners who are looking for more control over monthly cash flow
- Consultants who travel or entertain clients
- Doctors and dentists running a clinic
- Salespeople frequently on the road to close deals
- Self-employed with significant office supply costs
Getting a business credit card can help you keep your personal and business costs separate, better handle your cash flow, and earn rewards in the process. There are options for every level of business, from a one person shop to large corporate entities.
Use the tool below to find the best business credit card to get the most bonuses and rewards based on your unique situation.
|Name||Annual Fee||Rewards||Intro Bonus||Learn More|
|Earn cash back rewards on every purchase||$300 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening.|
$95(waived for the first year)
|Earn 3 points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year, 1 point per dollar on all other purchases||80,000 Bonus Points after you spend $5,000 on purchases in the first 3 months after account opening|
$95(waived for the first year)
|Get up to 5 Starpoints for each dollar of eligible purchases at participating SPG® hotels, Earn 2 Starpoints for each dollar of eligible purchases at Marriott Rewards® hotels, Get 1 Starpoint for all other purchases||Get 25,000 Bonus Starpoints® after you use your new Card to make $5,000 in purchases within the first 3 months.|
Starwood Preferred Guest® Business Credit Card from American Express Review
$59(waived for the first year)
|Unlimited 2% cash back on every purchase for your business||Earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first 3 months|
|Unlimited 1.5% cash back||Earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months|
|Earn 1.5 miles per $1 on every purchase, every day||One-time bonus of 20,000 miles once you spend $3,000 on purchases within the first 3 months|
$59(waived for the first year)
|Earn unlimited 2X miles on net purchases for your business||Earn a one-time bonus of 50,000 miles once you spend $4,500 on purchases within the first 3 months|
|5x Points for each dollar of eligible purchases made when you book on the American Express Travel website, 1.5x Points per dollar on eligible purchases of $5,000 of more, 1x points per dollar on eligible purchases||Earn up to 75,000 Membership Rewards® points Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases on the Business Platinum Card within your first 3 months of Card Membership.|
Best Small Business Credit Cards
Running a small business requires juggling dozens of competing tasks and constant decision making. With so much to worry about, making the time to choose the right credit card can be difficult. It is easy to just get one from your bank and put no further thought into it, but doing so could mean leaving valuable cash back and travel rewards on the table.
In just a few minutes, you can learn how to choose the right credit card for your business. Whether you are looking for flexible payments, travel rewards, or cash back, follow along to know how to lookout for the good and bad in the world of business credit cards.
Flexible Repayment Options
One of the keys to success in business is effectively managing your cash flow. When you are looking for business credit cards, you will come across three common sets of repayment rules. The best business credit cards match your unique business needs and demands. There is no right or wrong, it is all about picking the best small business credit card for your needs.
- Credit Card: The most common type of card you will come across is a standard credit card. Charges over a one month statement period are totalled. If you pay the entire balance, you don’t pay any interest. If you pay at least the minimum payment, you pay interest on the remaining balance.
- Charge Card: The entire card balance is due in full each month. This is most common today at American Express, where you can find a mix of charge cards and traditional credit cards.
- Flexible Repayment Credit Card: Some cards give unique and flexible repayment terms. For example, one business card offers a 1.5% discount if you pay your entire balance in less than ten days or no interest if you pay your entire balance within 60 days. Each card with flexible repayment terms is unique, so make sure to read all of the details before applying.
The vast majority of cards you will come across are standard credit cards with a monthly payment. However, knowing about charge cards and other options that offer even more flexible payments may guide you towards a type of card that serves your unique business needs better than a more typical card.
Grows with Your Business
Choosing a card from a local bank or credit union may be enough to meet your needs when you get started, but the best small business credit cards also offer the option to grow and adapt with your business.
For example, right now you might just need one card for your own use. What if you want to add more employee cards in the future? Maybe you have simple bookkeeping needs today, but in the future have to connect to software like Quickbooks or Xero? Perhaps you are not concerned with rewards today because you are not spending all that much. What happens as your spending grows in the future?
Focusing on long-term needs and anticipating future changes to your business spending and structure can help you choose one of best credit cards for small business, not something you’ll be forced to change in a year or two.
Control Employee Spending
There are many reasons to offer a credit card to employees for business purchases. Whether they need to buy gas, office supplies, or materials for your company, you need the ability to monitor and control each employee card with ease.
Top business credit cards offer account managers the ability to login to the bank’s website or mobile app to view transactions and modify limits for spending and cash advances. You don’t want a surprise from an unsavory employee who took his card to the ATM and made off with a bundle of your hard earned cash.
Some cards go beyond security offerings and provide spending reports by employee, category, and more. Access to more and better financial information is never a bad thing.
The best business rewards credit card for your needs is out there! To find the best card, you have to look at your own needs and what you want from credit card rewards. Cash back cards may put dollars back in your pocket for everyday business purchases and spending. Rewards cards can send you around the world on free vacations at luxurious hotels.
Cash back rewards cards for small businesses typically offer either a flat rate cash back on all purchases or high earnings at popular bonus categories with lower earnings on all other purchases. Getting the most cash back possible sometimes requires a combination of two or more cards, with different cards used for their respective high earning bonus category purchases.
Rewards cards can offer much more lucrative rewards than cash back, but take more time and effort to get the best results. Rewards can be earned through bank programs like Chase Ultimate Rewards or American Express Membership Rewards. Other cards are airline or hotel brand specific, such as a Marriott credit card or Delta Airlines credit card.
Mega Signup Bonuses
Build up valuable reward points quickly by taking advantage of massive signup bonuses offered by some top small business credit cards. Rewards credit card signup bonuses reach as high as 100,000 points or $600 dollars in cash back from currently available deals.
Do note that you typically have to spend a certain amount on the card to qualify for the bonus, and bigger bonuses generally require more spending. Most cards have a three month time limit to reach the spending goal to earn rewards, though some cards offer shorter or longer bonus earning periods.
Perks for You and Your Business
While you are busy checking out rewards programs, do not overlook other perks and features high end business credit cards offer. Rental car insurance, price protection, warranty extensions, and travel insurance are common perks across card issuers
Some issuers take it a step further with even more valuable rewards. For example, several American Express cards offer free Boingo Wifi, which you can use at many airports, hotels, and other businesses around the world.
Rewards You Can Really Use
Business credit cards with rewards are easy to find, but choosing the right card for your needs is not always so simple. Take a hard look at your typical business spending and what rewards would be most valuable to you.
If your spending is limited to a few categories, getting a rewards card with different bonuses doesn’t make a whole lot of sense. If you hate travel, a travel rewards card would be a silly choice. But if you love travel, travel rewards can often give you much more value than cash back.
Are you busy and just want something simple, or are you willing to put in a few minutes to choose the right combination of cards to give you the biggest, most valuable rewards possible? Again, there is no right or wrong answer. Just an answer that makes the most sense for your business.