If you have a business, a credit card is a necessity. A business credit card covers daily spending, boosts your budget, and helps your company grow.
Yet there are hundreds of credit card options available, and it’s difficult to find the perfect one. What’s the difference between a business credit card and a personal one? What can a business credit card offer?
Every business credit card is different, and each one brings unique rewards, bonuses, and benefits. Whether you need a card for everyday expenses or you’re looking for a credit card with financial rewards, the right one is out there–we’ve done the research for you.
Here are our top 5 business credit card picks.
1. Business Platinum Card by American Express OPEN
Business owners everywhere adore this American Express OPEN credit card. With membership rewards points accrued on every purchase, it’s easy to rack up free flights, hotel stays, and other travel perks.
The Business Platinum Card does come with a high annual fee and requires excellent credit to qualify, but free access to airport lounges around the world and bonus rewards on business travel make it a worthwhile pick. You’ll get a signup bonus of 75,000 rewards points, as well as a year-round bonus of 5x more points on flights and hotel stays and 35% points back on First and Business Class flights.
2. Ink Business Preferred Credit Card by Chase
Sign up for the Ink Business Preferred card and reap incredible rewards. You’ll automatically receive 80,000 bonus points–a total of $1,000 in travel rewards–as soon as you spend $5,000 on any purchases.
With 3 points earned per dollar on all purchases and rewards credit that never expires, you can turn your business purchases into any kind of perk. An added bonus for business owners: it’s free to add employee cards.
3. Starwood Preferred Guest Business Card by American Express
If frequent travel is central to your business, your best bet is the SPG Business card. Designed for travelers who like to stay in Starwood hotels and resorts, cardholders earn up to 5 Starpoints per dollar spent on eligible purchases. All other purchases earn 1 Starpoint per dollar.
In addition to racking up free hotel rooms and steep travel discounts, this business credit card also comes with another perk: your rewards points are worth double their value when used at Starwood hotels. Use this card regularly for your company’s travel expenses and more, and you won’t spend a cent on hotels.
4. Costco Anywhere Visa Business Card by Citibank
The Costco Anywhere card is a cash-back card, meaning every dollar spent puts money back into your pocket. You earn 4% cash-back at gas stations, 3% on restaurant and travel purchases, and 2% back on all Costco purchases (in-store and online).
You do need excellent credit to sign up for this credit card, but it comes with high rewards and rotating bonus cash back offers. The only drawbacks? You can only redeem those rewards once each year at Costco, and you must have a $55 annual Costco club membership to qualify.
5. Business Gold Rewards Card by American Express OPEN
The more practical version of the Business Platinum card, the Business Gold card offers greater flexibility. Business owners can customize their rewards and have no preset spending limit, allowing you to use the card however you need.
For the biggest perks, you’ll want to use this card for your company’s basic needs. Cardholders earn the most on the following purchases: airfare, gas, computer hardware and software, and advertising spending. It’s truly a card for day-to-day business expenses.
Great Incentives and Better Business Benefits
If you’re considering a business credit card, you want to look for good interest rates, great incentives, and amazing benefits for your business. A credit card is convenient, but you can also make it work for you with rewards, savings, and special perks.
Choose wisely by doing your own research before you pick a credit card. No two business credit cards are alike, and it’s important to consider the different interest rates, annual fees, and, of course, benefits.
