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Comparing the best business credit cards of 2022
Editor’s picks: A closer look at our top-rated business credit cardsBest for cash back on office supplies: Ink Business Cash® Credit Card
Related: Chase Ink Business Cash vs. Ink Business Unlimited Read our Ink Business Cash® Credit Card review or jump back to this card’s offer details. Best for boosted rewards: Ink Business Unlimited® Credit Card
Related: Is the Ink Business Unlimited worth it? Read our Ink Business Unlimited® Credit Card review or jump back to this card’s offer details. Best for flat-rate cash back: Capital One Spark Cash Plus
Read our Capital One Spark Plus review or jump back to this card’s offer details. Best for large purchases: Ink Business Premier℠ Credit Card
Jump back to this card’s offer details. Best for low interest with excellent credit: Capital on Tap Business Credit Card
Read our Capital on Tap Business Credit Card review or jump back to this card’s offer details. Best for flexible bonus categories: Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
Read our Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card review or jump back to this card’s offer details. Best for flat-rate unlimited boosted rewards: Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card
Read our Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card or jump back to this card’s offer details. Best for rewards: Capital One Spark Miles for Business
Read our Capital One Spark Miles for Business review or jump back to this card’s offer details. Best for long intro APR period on purchases: The Blue Business® Plus Credit Card from American Express
Read The Blue Business® Plus Credit Card from American Express review or jump back to this card’s offer details. Best for luxury travel perks: The Business Platinum Card® from American Express
Related: Who should and shouldn’t get the Business Platinum Card from Amex Read The Business Platinum Card® from American Express review or jump back to this card’s offer details. Best for no expiration on points: American Express® Business Gold Card
Related: How I use my Amex Business Gold Read our American Express® Business Gold Card review or jump back to this card’s offer details. Best for no annual fee: American Express Blue Business Cash™ Card
Related: American Express Blue Business® Plus vs. Blue Business Cash™ Read our American Express Blue Business Cash™ Card review or jump back to this card’s offer details. Best for sign-up bonus: Ink Business Preferred® Credit Card
Related: 5 reasons to get the Chase Ink Preferred Read our Ink Business Preferred® Credit Card review or jump back to this card’s offer details. Best for hotel and flight redemption: Delta SkyMiles® Gold Business American Express Card
Read our Delta SkyMiles® Gold Business American Express Card review or jump back to this card’s offer details. Best for Hilton loyalists: The Hilton Honors American Express Business Card
Read The Hilton Honors American Express Business Card review or jump back to this card’s offer details. Best for budgeting and expense tracking: Divvy Business Card
Jump back to this card’s offer details. Best for startups: Brex 30 Card
Read our Brex 30 Card review or jump back to this card’s offer details. What are business credit cards?A business credit card is a revolving line of credit used by small-business owners to make purchases or withdraw cash. Similar to personal cards, business credit cards carry interest charges if not paid in full each month. You’ll need to operate some type of business in order to qualify for a business credit card, but it doesn’t have to be a formal business. Here’s what you need to know about business credit cards: Who can apply for a small-business credit card?Small-business credit cards aren’t just for formal business structures like a limited liability company (LLC), corporation or partnership. They can be used by anyone trying to make a profit by selling goods or services. This includes sole proprietors, such as freelancers, independent contractors and gig-economy workers. How do business credit cards work?A business credit card helps small-business owners keep track of their credit card spending. It allows a business to free up its cash flow while purchasing necessities via credit. The best business credit cards are also designed to include special features that specifically benefit businesses, such as organized expense tracking tools and spending controls, along with discounts on internet and other services needed to run a business. For the business traveler, these cards offer a slew of high-end perks from airport lounge access to upgrades. In terms of accounting, it’s advantageous to have these expenses under one business credit card account. What you should know about business credit cards
Types of business credit cardsFrom secured to high-limit business credit cards, there are plenty of options to choose from. To determine the ideal business credit card for you, you’ll need to compare credit cards to see which one provides the most value to you and your business. Here’s a breakdown of different types of cards and how they might fit your financial needs and business objectives: Pros and cons of business credit cardsPros
Cons
Who should get a business credit card?Business credit cards aren’t for everyone. Before shopping among credit cards for your business, determine whether you should get one in the first place. Here’s who should and shouldn’t get a business card: Who should get a business credit card
Who should skip a business credit card
How to choose a business credit cardOnce you’ve determined you should get a business credit card, the next task is to choose the best business credit card that meets your needs. Here are some things to consider when choosing a business card: In what categories do you spend the most?Business credit card rewards cover a variety of business-related purchase categories like office supplies, travel, dining and software subscriptions. If you and your business spend heavily in any of these categories, then there’s most likely a business card that will suit your needs. For example, if you travel for business often, then a card like the Amex Business Platinum or the Capital One Spark Cash Plus will kick back plenty of rewards. But if you spend across a variety of categories, then a flat-rate card like the Ink Business Unlimited or Capital On Tap Business cards will still give you plenty of cash back for your business purchases. Just make sure you pick a business card that matches your spending so you can experience the full benefits. How much do you plan to spend monthly or yearly?Some business credit cards have spending limits for their rewards. The Amex Blue Business Cash card earns its elevated 2% back, but only on the first $50,000 each calendar year, so spending more than $50,000 will drop the rate down to 1%. If your business spends less than that spending cap, then you could earn 2% all year. However, businesses that spend more each year or month might need cards with unlimited rewards or spending caps near $150,000 a year. Do you need employee cards?Business owners with employees may need employee cards. Employee cards allow employees to spend on the business account, bypassing the need for expense reports and reimbursements. Some card issuers charge for or limit employee cards, while other issuers offer unlimited virtual cards with custom limits for employees. If it’s important for your business to allow employees to spend with the business account, opt for a card offering low-cost or free employee cards. Can you afford the annual fee?While some business credit cards cause sticker shock from the amount of the annual fee, the benefits and perks may allow the cardholder to easily recoup the cost. It’s important to consider how your business will use the card, such as for travel or equipment purchases, and find a card where the rewards most align with your business’ spending values and ultimately offset the cost of the card. Many business cards offer generous sign-up or welcome bonus offers, more than making up for the annual fee (if taken advantage of). For example, if you need a business card for travel, The Business Platinum Card® from American Express does have a $695 annual fee, but it includes a 120,000 welcome offer in Membership Rewards® points (when you spend $15,000 on eligible purchases in the first three months), plus 5x rewards points on flights and prepaid hotels when booked through the Amex travel portal. How to get a small-business credit cardBefore you submit your application, make sure you’ve gone through these steps that will help maximize your odds of approval and secure the best card for your business.
Learn more about how to get a business credit card. How to make the most out of a small-business card
Business credit cards for fair or bad creditIt’s possible to get a business credit card if your credit score falls outside the good-to-excellent range, but your options are limited. For people with fair credit, options include unsecured credit cards, which don’t require a deposit. One example is the Capital One Spark Classic for Business. It even comes with a modest 1% cash back on purchases – a solid perk for a credit card that has no annual fee and lets you earn unlimited rewards as you work to improve your business credit. The downside to the Capital One Spark Classic is the 28.49 percent variable APR. If you don’t pay your balance in full each month, an interest rate that high could add a hefty sum to your balance. This could make it harder to build your credit and gain access to better business credit cards. If you have bad credit, you may have an easier time getting approved for a secured business credit card. These cards require a security deposit, which will act as your credit limit. This could be as low as $200, and if you want that deposit back, your account will have to be in good standing at the time of closing. A secured business card may not come with top-of-the-line benefits, but it lets you keep your business accounts separate from your personal spending. And in some cases, you may even be able to earn rewards. For example, with the Wells Fargo Business Secured Credit Card, you’ll earn cash back or reward points. In other words, you can choose to earn 1.5% cash back on qualifying purchases or one point per $1 spent. If you choose the reward points, you’ll get 1,000 bonus points each billing cycle when you spend $1,000 on qualifying purchases. To get the Wells Fargo Business Secured Card, you’ll have to put down a minimum deposit of $500. To learn more, check out our best business credit cards for bad credit. There are some purchases you just don’t pay for with a business credit card. High-value purchases that can negatively impact your company’s bottom line, payroll and legal settlements are among the business expenses you should avoid charging to your business credit card. In fact, business cards operate under a different set of rules than cards issued for personal use. For business plastic, the protections of the Credit CARD Act of 2009 don’t automatically apply. With business cards:
For more information, Holly Johnson and Barri Segal explain the seven types of expenses to never charge on your business credit card and how they can negatively impact your company’s credit card bill. How we picked the best business credit cardsResearch methodology: We analyzed 368 business credit cards to identify the best offers currently on the market. The major factors we considered include:
Other criteria include redemption options and flexibility, customer service, small business perks and other rates or fees. Our business credit card reviews can help you compare offers to find the one that best suits your needs. More information on business credit cardsFor more information on all things business cards, continue reading content from our credit card experts:
Jeanine Skowronski Jeanine Skowronski is a credit card expert, analyst, and multimedia journalist with over 10 years of experience covering business and personal finance. She has previously served as the Head of Content at Policygenius, Executive Editor of Credit.com, Deputy Editor at American Banker, Staff Reporter at TheStreet and a columnist for Inc. Magazine. About the EditorTracy Stewart Tracy Stewart is a personal finance writer specializing in credit card loyalty programs, travel benefits, and consumer protections. He previously covered travel rewards credit cards, budget travel, and aviation news at SmarterTravel Media. His money-saving tips have appeared in the Washington Post, the Wall Street Journal, Consumer Reports, MarketWatch, Vice, People, the Zoe Report and elsewhere. About the ReviewerErica Sandberg Erica Sandberg is a prominent personal finance authority and author of "Expecting Money: The Essential Financial Plan for New and Growing Families." Her articles and insights are featured in such publications as The Wall Street Journal, Pregnancy, Babytalk, Redbook, Bank Investment Consultant, Prosper.com, MSN Money and Dow Jones MarketWatch. An active television and radio commentator, Sandberg is the credit and money management expert for San Francisco’s KRON-TV, a frequent guest on Forbes Video Network, Fox Business News, Bloomberg TV and all Bay Area networks. Prior to launching her own reporting and consulting business, she was affiliated with Consumer Credit Counseling Services of San Francisco where she counseled individuals, conducted educational workshops and led the media relations department. Sandberg is a member of the Society of American Business Editors and Writers and on the advisory committee for Project Money. Can I get business credit when I first start my business?Once your business has been properly formed and in operation, the next step is to apply for credit in your company's name. There are several basic types of business credit you can acquire as a newly formed startup or existing business with little to no credit identity established.
Can you use an EIN to get a credit card?Business credit cards that don't require an SSN
Corporate cards are among the few types of small-business credit cards that do not require an SSN or personal guarantee. You can apply for a corporate card with just an EIN and approval is determined by your company's financial history and business credit score.
Can you get a business credit card with no revenue?Not having any business revenue yet is not necessarily a deal-breaker on a business credit card application. Applicants can enter $0 as revenue as long as they are able to list personal income later in the application.
Do you need an LLC to apply for a business credit card?In short, if you earn money from the work you do, you may be able to qualify for a business credit card. You don't have to have a registered LLC or corporation in order to apply for a business credit card.
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