Blue Business® Plus Credit Card from American Express
The Blue Business® Plus Credit Card from American Express (terms apply, see Rates and Fees) allows small businesses to earn Membership Rewards points at generous rates without paying an annual fee. Additionally, American Express is known for offering same-day decisions to qualified applicants.
Reward: For routine business purchases like office supplies or client dinners, you earn 2 Membership Rewards points per dollar on your first $50,000 in purchases per year, and 1 on all other purchases thereafter. Earn 1 point per dollar.
Welcome offer: 15,000 Membership Rewards points after you spend $3,000 in purchases within the first 3 months of account opening
Annual fee: There is no annual fee
Other advantages and disadvantages: If you need a business card right away, this could be a good option as Amex offers fast shipping and virtual card access for a quick turnaround. Another great benefit of this card is the introductory APR offer. An introductory 0% APR applies at the time of purchase for 12 months from the date of account opening, after which a variable interest rate of 18.49% to 26.49% applies. However, there is one drawback. After the first $50,000 per year, the rate of return decreases.
Ink Business Premier℠ Credit Card
The Ink Business Premier℠ credit card offers a high welcome bonus and a high cashback income. Additionally, since Chase is a major player in the industry, you may already have a bank account or personal card that you can leverage for pre-approval.
Reward: 5% cash back on travel purchased through Chase Travel℠, 2.5% cash back on purchases of $5,000 or more, and 2% cash back on all other purchases.
Welcome offer: $1,000 cash back after you spend $10,000 on purchases within the first 3 months of account opening
Annual fee: $195
Other advantages and disadvantages: Keep in mind that this is a cash-back card and not a card that earns you full-fledged Chase Ultimate Rewards®. However, it may be fine for your business.
Capital One® Spark® Classic for Business*
If you don't have great credit, you're not out of luck. Capital One® Spark® Classic for Business* will consider applications from persons with more than fair credit. This means you may be eligible for pre-approval.
Reward: 1% cash back on all purchases, 5% cash back on hotels and rental cars booked through Capital One Travel
Welcome offer: This card has no welcome bonus
Annual fee: $0
Other advantages and disadvantages: The benefits are good enough for a card with less stringent approval requirements and no annual fee. Use this as an opportunity to secure your credit while rebuilding your score. Capital One offers a wide selection of credit cards with better perks and benefits that you can transfer your business to later.
Bank of America® Business Advantage Unlimited Cash Rewards Secured Credit Card*
Choosing a secured credit card is one way to increase your chances of approval. Unlimited Cash Rewards Since Bank of America® Business Advantage Secure Credit Card* With a guaranteed cash deposit of at least $1,000, businesses with readily available assets may be able to get the card right away.
Reward: 1.5% cashback on all purchases
Welcome offer: This card has no welcome bonus
Annual fee: $0
Other advantages and disadvantages: By definition, secured cards are more about convenience and building trust than they are about accessing finance. But if you can accept that as a trade-off, this card could be a good option. Strong profit margins are also a big plus for businesses looking to earn cashback.
Best Business Credit Cards 2024
Find the business card that's right for you and identify the elements that are important to your business
