The Top 5 Best Small Business Credit Cards for Earning Rewards and Saving Money
As a small business owner, you know the importance of managing your finances well. One way to do that is by utilizing a credit card that offers rewards and savings. With so many options out there, it can be overwhelming to choose the right credit card for your business. In this article, we will discuss the top 5 best small business credit cards for earning rewards and saving money.
1. Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is a popular choice for small business owners who want to earn rewards. This card offers a sign-up bonus of 100,000 Ultimate Rewards points after spending $15,000 in the first three months. Additionally, it earns 3X points on the first $150,000 spent on travel, shipping, internet, cable, phone services, and advertising purchases each account anniversary year. It also offers a variety of travel benefits, such as trip cancellation insurance and baggage insurance. The annual fee for this card is $95.
2. American Express Blue Business Cash Card
The American Express Blue Business Cash Card is a great option for small business owners who want to save money on their purchases. This card earns 2% cashback on all eligible purchases on up to $50,000 per calendar year, and then 1% cashback thereafter. There is no annual fee for this card, and it also offers a 0% introductory APR on purchases for 12 months.
3. Capital One Spark Cash for Business Credit Card
The Capital One Spark Cash for Business Credit Card is another great option for small business owners who want to earn cashback rewards. This card offers a flat 2% cashback on all purchases, with no limit on how much you can earn. It also offers a sign-up bonus of $500 cashback after spending $4,500 in the first three months. The annual fee for this card is $95, but it is waived for the first year.
4. The Business Platinum Card from American Express
The Business Platinum Card from American Express is a premium credit card that offers a variety of travel benefits and rewards. This card earns 5X Membership Rewards points on flights and prepaid hotels booked through amextravel.com, and 1.5X points on purchases over $5,000. It also offers access to airport lounges, a $200 airline fee credit, and a $100 credit for Global Entry or TSA PreCheck. The annual fee for this card is $595.
5. Costco Anywhere Visa Business Card by Citi
The Costco Anywhere Visa Business Card by Citi is a good option for small business owners who shop frequently at Costco. This card earns 2% cashback on all purchases from Costco and Costco.com, and 4% cashback on eligible gas purchases, up to $7,000 per year. It also offers a variety of travel benefits, such as travel accident insurance and worldwide travel insurance. There is no annual fee for this card, but you must be a Costco member to apply.
Conclusion
Choosing a credit card for your small business can be a daunting task, but it doesn’t have to be. By considering the rewards, savings, and benefits offered by each card, you can choose the one that best fits your needs. Whether you are looking to earn rewards or save money, there is a card out there for you. Consider these top 5 options to get started on your search.
