5 Best Business Credit Cards Available Right Now
There are various kinds of business credit cards available to small business owners and companies. Some are targeted at startups, while others are designed for more established companies looking to earn rewards from everyday purchases.
Determining which business credit card is right for your company comes down to the purchases you make, the cash flow your company has and—ultimately—your credit history. The good news is that there are business credit cards available for seemingly every kind of company.
If you're searching for the perfect business card for you, here are five of the best available right now based on category.
Best business card for fair credit: Capital One Spark Classic for Business
By our count, there are few business credit cards available to fair credit consumers. Credit cards for fair credit give business owners with less-than-perfect credit the opportunity to get approved for a card that can help them build their business as well as their credit score. This card from Capital One is best for such a small business owner since it rewards responsible card use with eligibility for an automatic credit line increase. There's also no annual fee, and cardholders can earn 1% cash back on all purchases.
The interest rate starts high at 26.99%, common for fair credit cards. That said, this is one of the best—and really only—business cards available for fair credit consumers.
Best business card for office supply purchases: SimplyCash Business Card from American Express
This American Express card is for businesses with excellent established credit that make a decent amount of purchases on office supplies each month. Members earn 5% cash back at U.S. office supply stores and on wireless phone services purchases directly from U.S. service providers. It's also a great card for gassing up, since it rewards 3% cash back at U.S. gas stations.
The only catch to this card is that there's a $12,000 cap on purchases made in the 5% and 3% categories per rebate year. From there, business cardholders will earn 1% cash back on all purchases. Even then, that's still a solid amount of cash back accrual that can be pumped right back into your business.
Best business card for miles: Capital One Spark Miles for Business
Excellent credit business travelers can earn 2 miles per dollar on all purchases with this credit card from Capital One. There's also some solid bonus mile opportunities with this card, including 50,000 bonus miles after spending $4,500 on purchases within the first 3 months.
The coolest thing about this card is the flexible booking, which means members can fly on any airline anytime. There is an annual fee of $95, but it's waived the first year as an introductory offer. Overall, this is an easy-to-track miles card for business travelers.
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Best pay-in-full business card for established companies: The Business Gold Rewards Card from American Express OPEN
An established business with good cash flow can charge everyday purchases to this American Express card and earn up 4x points on purchases at U.S. gas stations, restaurants, computers, airfare purchased from airlines, and more, up to $150,000 per year.
This card is not for startups applying for a line of credit; this is a pay-in-full charge card that allows businesses to consolidate their expenses onto one easy-to-maintain card. The benefits are lucrative; there is a $295 annual fee. That said, it's for excellent credit businesses more interested in earning rewards than keeping their business moving with credit.
Best cash back business card: Capital One Spark 1.5% Cash Select
The third and final Capital One Spark card to make our list is this excellent cash back option. Members earn 1.5% cash back on all purchases, and can also earn a $500 cash back bonus when they spend $4,500 on purchases within the first 3 months.
There is no annual fee attached to this card. Businesses looking for a simple and lucrative cash back program will enjoy the simplicity of this business card from Capital One.
