Skip to content

Top 5 Best Business Credit Cards

Business Credit Cards

Business owners know that it is important that every penny is spent. Using a credit card can be a useful strategy when it comes to getting the most out of your business transactions.

Business credit cards can offer many benefits. These include rewards or cashback, loyalty points, travel protection, and expense management.

Summary Of The Startup Business Credit Cards

The key to finding the best business card for you is to determine which of these factors are important to your business and what you value most: rewards, cashback, or Credit support.

CREDIT CARDBEST FORCREDIT SCOREANNUAL FEEWELCOME BONUS
Ink Business Unlimited® Credit CardBest cashback business cardGood / Excellent$0Earn $ 750 Bonus Cashback
The Blue Business® Plus Credit Card from American ExpressOverall best, best business flexible rewards, best 0% APR business cardsGood / Excellent$0Earn 15,000 points
World of Hyatt Business Credit CardThe best hotel card for your businessGood / Excellent$19975,000 Bonus Points
United Club℠ Business cardThe best airline card for businessesGood / Excellent$45075,000 miles
Chase Ink Business PremierBest flat-rate cashback business cardGood / Excellent$195$1,000 cash
back
Summary Of The Best Business Credit Cards

Business Credit Cards For Fair Credit

Here are the following best top 5 business credit cards :

Ink Business Unlimited Credit Card

Chase Ink Business Unlimited credit cards are sold as cashback cards and offer a relatively high cashback rate. Combined with Premium Chase Ultimate Rewards Earning Cards such as InkBusiness Preferred Credit Cards, Chase Sapphire Preferred Cards, and Chase Sapphire Reserve, you can consider your revenue as Ultimate Rewards points and make this card even more valuable.

Ink Business Unlimited Credit Card best business credit cards
Ink Business Unlimited Credit Card best business credit cards

Unlimited outperforms Ink Preferred when combined with a transferable reward card and you need a simple rate of return rather than a bonus category.

Pros

  • Unlimited 1.5% cashback reward at the time of purchase
  • There is no annual membership fee
  • Generous welcome bonus
  • 0% Intro APR for 12 Months Purchase
  • Cashback will be awarded as the Ultimate Reward. It offers better reward redemption options in combination with a premium chase credit card account.

Cons

  • High foreign transaction fees
  • Not suitable for balanced transfer

Card Details

  • Buy $ 7,500 in the first three months of opening your account and you’ll earn $ 750 in bonus cashback.
  • Earn unlimited 1.5% cash back on every purchase made for your business.
  • There is no annual membership fee.
  • Enjoy cashback, gift cards, travel, and other benefits through Chase Ultimate Rewards.
  • Earn rewards faster if you use your employee card at no additional cost. Set individual spending limits for more control.
  • With fraud prevention, real-time fraud monitoring is used to monitor card transactions for signs of fraud.
  • With Zero Liability, we are not responsible for fraudulent charges made with your card or account information.
  • 0% introduction APR for 12 months at the time of purchase

Other Advantages And Disadvantages

The “Set and Forget” rewards from Chase Ink Unlimited are no easier to earn.

If you want only one business card but want to get different rewards, you can definitely choose this.

However, to maximize the potential of this card, you must pair it with another Ultimate reward earning card to which you can transfer points.

If you are looking for the highest cashback rate on your own, another card may offer more value.

The Blue Business Plus Credit Card From American Express

American Express’s Blue Business Plus credit card (which is subject to terms and conditions, see Fees and Fees) is interesting because you can earn Membership Rewards points without paying an annual fee. This card also offers APR referral offers. This allows new businesses to take inventory, pay prepaid expenses over time, and pay interest-free.

The Blue Business Plus Credit Card from American Express
The Blue Business Plus Credit Card from American Express

Pros

  • A wide variety of airline forwarding partners.
  • There is no annual membership fee.
  • High rate of return at the first $ 50,000 in annual spending.

Cons

  • 2.7% foreign transaction fee
  • The rate of return of 2 points per dollar drops to 1 point per dollar after spending $ 50,000 a year.

Card Details

  • Earn 15,000 Membership Rewards® points after spending $ 3,000 on eligible purchases of your card within the first three months of your card membership.
  • Earn 2X Membership Rewards® points for everyday business purchases such as office supplies and client dinners. 2X applies to the first $ 50,000 of annual purchases and then 1 point per $ 1.
  • Extended purchasing power allows you to use your card beyond your credit limit.
  • There is no limit to the amount that can be used beyond the credit limit. Adjusted according to card usage, payment history, credit records, financial resources known to American Express, and other factors.
  • 0.0% intro APR for purchases for 12 months from the date of opening the account, then a floating interest rate of 13.24% to 21.24% based on creditworthiness at the time of opening the account and other factors.
  • There is no annual membership fee

Other Advantages and Disadvantages

This card offers an intro APR of 0% at the time of purchase for 12 months from the date of opening the account, followed by a floating interest rate of 13.24% to 21.24%.

The transfer of your balance must be completed within 60 days of opening your account and will be subject to a $ 5 or 3% fee, whichever is greater. This is attractive if you want to save interest on a lower APR, but it’s not a good idea to balance it in the long run at the end of the implementation period.

I like the fact that you can earn additional Membership Rewards® points per dollar for everyday business purchases such as office supplies and client dinners.

However, if your business spends more than $ 50,000 a year on a regular basis, an uncapped card may be a better choice. If you need cash back on a similar card, consider the American Express BlueBusiness Cash card.

Also Read: How To Pay Student Loans With Credit Card Now in 2022

World of Hyatt Business Credit Card

The World of Hyatt Business Credit Cards has earned the top mark in the Business Hotel Card rankings for a combination of valuable perks and attractive rates of return. Use this card to earn faster rewards for Hyatt paid stays and other purchases.

world of hyatt business credit card
world of hyatt business credit card

Rewards

4 points per dollar at Hyatt hotels, 2 points per quarter for every card spent in the cardholder’s top three spending categories until 22/12/12, then quarterly for the top two categories, 2 points for each dollar for a fitness club and gym membership, and 1 point for every other per dollar spent on purchases.

Pros

  • Welcome bonus
  • Solid revenue rates
  • Automatic Discoverist status

Cons

  • The annual fee
  • Low revenue rate for non-bonus spending
  • The basic status of the card offers limited benefits

Card Details

  • 75,000 bonus points after spending $ 7,500 on purchases in the first 3 months after opening an account.
  • A total of 9 points for $ 1 spent at Hyatt – 4 bonus points per $ 1 if you use your card at Hyatt hotels and 5 basis points per $ 1 from Hyatt as a World of Hyatt member.
  • 2 bonus points for every $ 1 spent in the top three spending categories each quarter is 2 bonus points, followed by the top two categories each quarter.
  • 2 bonus points for every $ 1 spent on a fitness club and gym membership.
  • 1 bonus point for every $ 1 spent on all other purchases.
  • Up to $ 100 Hyatt Statement Credit – Spend $ 50 or more on any Hyatt-owned account and earn a $ 50 account statement credit up to twice each anniversary year.
  • 5 Tier-Qualifying Night Credits for Status and Milestone Rewards for $ 10,000 spent each calendar year.
  • World of Hyatt Discoverist status as long as your account is open. Plus. Discoverer status for up to five employees.

Other Advantages And Disadvantages

With World of Hyatt Business Credit Cards, you can easily earn the benefits you can use to stay at your hotel with this program.

The card offers a $ 100 refund for Hyatt purchases (which can be redeemed twice a year for $ 50) and an incentive to spend $ 50,000 a year on the card. 10% of points will be redeemed for the rest of the year.

The downside of Hyatt is the lack of access to many of the world’s smaller markets and regions. There are many places where you can’t find a Hyatt Portfolio Hotel.

United Club Business Card

United Club Business Cards are siblings of the individual United Club Infinite Card and have a slightly different revenue structure. Anyway, if you normally pay a United Club membership fee, the high annual fee and other United benefits can easily exceed the annual fee. If your business isn’t near United Hub, this card may not be for you.

united club business card
united club business card

Rewards

2 miles per dollar spent on purchases from United. This includes tickets, EconomyPlus, in-flight meals, drinks, Wi-Fi, and other United fares. Earn 2 miles for every $ 1 spent on Inside Access from your Chase purchase. Earn 1.5 miles per dollar spent on all other purchases.

Pros

  • Luxury travel benefits including premier access
  • Free membership of United Club
  • Visa Signature® Concierge
  • Free employee card

Cons

  • There is no way to elite status
  • Seat restrictions on Saver Award flights
  • $ 75 to book within 21 days of departure
  • There is a high fee for changing benefits

Card Details

  • 75,000 bonus miles after spending $ 5,000 on purchases in the first 3 months your account is open.
  • Earn 2X miles on $ 1 purchased from United, including tickets, Economy Plus, in-flight food, drinks and Wi-Fi, and other United fees.
  • Earn 2X miles for every $ 1 spent on Inside Access from Chase purchases.
  • Earn 1.5X miles on every other $ 1 you spend.
  • Other ways to use miles: book a fee with Star Alliance and other partner airlines; enhance your travel with upgrades, onboard Wi-Fi, hotel stays, and car rentals; or use it for merchandise, gift certificates, and one-time events.
  • Outstanding United travel benefits, including Priority check-in, boarding, and baggage handling privileges; 25% back on United flight purchases; Free first and second checked baggage; Featured reward tickets; United Club membership.
  • Employee Cards at No Additional Cost: Miles from your purchases are accumulated in your account so you can earn rewards faster.

Other Advantages And Disadvantages

The United Club Business Card offers many benefits, but there is an annual fee. In addition to United Club membership, the Business Club Card includes Premier Access at the airport, exchange of reward tickets, free first and second checked baggage, a 25% discount on in-flight purchases when paying by card, and Avis President’s Club service.

This card also includes a travel and purchase protection package that includes travel cancellation and interruption insurance, travel delay insurance, lost and damaged luggage insurance, delayed luggage insurance, rental car insurance, return protection, and an extended warranty.

Chase Ink Business Premier

Those who regularly purchase $ 5,000 or more will find it difficult to outweigh the benefits of Chase Ink Business Premier. You can also receive significant rewards for trips booked through the Chase Ultimate Rewards travel center.

Chase Ink Business Premier
Chase Ink Business Premier

Pros

  • Strong welcome offer.
  • 5% cashback on trips purchased through Chase Ultimate Rewards®, 2.5% cash back on all purchases of $ 5,000 or more, and 2% cash back on all other purchases.
  • There is no annual fee for employee cards.
  • Numerous travel and shopping protections.

Cons

  • High annual fee.
  • It is designed to be paid in full each month.
  • Points cannot be transferred to an airline or hotel program.
  • Points cannot be transferred to other Ultimate Rewards royalties cards.

Card Details

  • $ 1,000 cashback after spending $ 10,000 on purchases in the first 3 months of opening an account.
  • Unlimited 5% cash back on trips purchased through Chase Ultimate Rewards®, 2.5% cash back on every $ 5,000 or more purchase, and 2% cash back on every other purchase.
  • 14.24% -22.24% variable APR
  • The annual membership fee is $ 195

Other Advantages And Disadvantages

This card offers a wealth of flat-rate benefits, especially for large spenders. However, those who want to combine the revenue of this card with another Premium Chase Ultimate Rewards Card to maximize their redemption value are out of luck. Rewards cannot be transferred from this card to another card.

How to Compare Business Credit Cards

With different types of Business credit cards available, choosing one for your business can be a time-consuming process. Future cardholders have several factors to consider before landing on the Best Pick.

Annual Fee

Annual membership fees often cover the membership benefits offered by the card. Future cardholders will need to calculate how much they will need to spend to accumulate enough rewards or receive cash to offset the charges.

Earnings Structure

Some cards offer high points per dollar, but when it comes to redeeming points, they decide. Be diligent in evaluating each score and make sure the number of points exceeds the actual score.

Into APR

Many cards offer an intro APR as well as a welcome bonus. How long does the card provide its teaser rate? Make sure you can pay off a large purchase before interest rates apply.

Ongoing APR

If your business needs to keep a balance, you can save money by looking for a low-interest card or an interest-free promotion period. Always keep in mind that APRs are determined by your creditworthiness, so the lowest interest rate in your terms and conditions may not be what you get when you approve it.

Financing Options

Is the card a debit card or a credit card? The debit card will be charged monthly, while the credit card will allow you to take your balance out of interest. Make sure what type of card you need and whether it best suits your needs.

Also Read: The 8 Most Popular Types Of Small Business Loans In USA

Understanding Business Credit Cards For Bad Credit

Consumer credit cards and business credit cards differ in several important ways. Here’s what you need to know before you apply:

You Need To Sign A Personal Guarantee

Virtually every small business credit cards application includes a personal guarantee that you are personally responsible for any debts you may incur. This means you are responsible for your balance, even if your business gets angry. Keep this in mind when applying and do not charge more than you can repay.

Your Personal Credit May Be Affected

When you apply for business credit cards, the application may appear as a request in your personal credit report. This can soon cost a few points to your credit history. This is because your issuer wants to make sure you, the business owner, are in a personal safe financial position before allowing you to take out a loan. If your credit history is bad or bad, a bad credit card is available.

Frequently Asked Questions(FAQs)

Are there higher restrictions on business credit cards?

Business credit cards are a great way to do this. Even better: they usually have a higher credit limit than ID cards. According to Experian 2020, the consumer credit line was $ 31,015, while the credit limit for small businesses was $ 56,100.

What can you use your business credit cards for?

Business credit cards are designed to cover business expenses. However, you may want to book a personal vacation with your business credit cards or pay for many non-business expenses. You may be trying to get a lucrative sign-up bonus or the coveted business credit cards rewards.

When should you buy business credit cards?

If you have a small business or a new start-up, it may be a good idea to use business credit cards. We always appreciate separating your business account from your personal account so you can manage your money well. It also helps with better legal protection.

Can I use my business credit cards reward for personal use?

Yes, business credit cards benefits are available for personal use. It may seem like a fascinating idea, but financial professionals are not advised to mix business and personal accounts, especially if you are not the sole owner of the organization.

What do business credit cards mean?

Business credit cards are credit cards intended for corporate use, not personal use. Business credit cards are available to businesses of all sizes and help build a credit profile to improve future borrowing terms.