Top 5 Best Credit Cards for Small Businesses in 2021
As a small business owner, having the right credit card can make all the difference when managing expenses and keeping track of finances. With so many options available, it can be overwhelming to choose the best one. In this article, we will explore the top 5 credit cards for small businesses in 2021.
1. Chase Ink Business Preferred
The Chase Ink Business Preferred card is a great option for small businesses that frequently spend on travel, shipping, and advertising. This card offers 3 points per dollar spent on these categories, along with a sign-up bonus of 100,000 points after spending $15,000 in the first three months of opening the account. Other benefits include trip cancellation insurance, cell phone protection, and purchase protection.
2. American Express Blue Business Cash Card
The American Express Blue Business Cash card is a simple and straightforward credit card that offers 2% cashback on all purchases up to $50,000 per year, making it an excellent choice for small businesses that want to earn rewards without worrying about rotating categories. Additionally, this card has no annual fee and offers a 0% introductory APR for the first 12 months.
3. Capital One Spark Cash for Business
The Capital One Spark Cash for Business card is an excellent choice for small businesses that want to earn a flat-rate cashback on all purchases. With this card, you’ll earn 2% cashback on every purchase, and there are no caps or categories. Additionally, the card offers a sign-up bonus of $500 cashback after spending $4,500 in the first three months of opening the account.
4. CitiBusiness AAdvantage Platinum Select Mastercard
The CitiBusiness AAdvantage Platinum Select Mastercard is an excellent choice for small businesses that frequently fly American Airlines. This card offers 2 miles per dollar spent on American Airlines purchases and 1 mile per dollar spent on all other purchases. Additionally, the card offers perks such as priority boarding, first checked bag free, and a 25% discount on in-flight purchases.
5. American Express Business Gold Card
The American Express Business Gold Card is a great choice for small businesses that have varying spending needs. This card allows you to choose two categories from a list that includes advertising, shipping, gas stations, and more, to earn 4 points per dollar spent. Additionally, the card offers a sign-up bonus of 70,000 points after spending $10,000 in the first three months of opening the account.
Conclusion
Choosing the right credit card for your small business can help you earn rewards, manage expenses, and build your credit score. The Chase Ink Business Preferred, American Express Blue Business Cash, Capital One Spark Cash for Business, CitiBusiness AAdvantage Platinum Select Mastercard, and American Express Business Gold Card are all excellent options to consider in 2021. Be sure to carefully review the terms and benefits of each card before deciding which one is right for you.
