Unveiling the Best Business Credit Cards of the Year
In the fast-paced world of business, having the right tools at your disposal can make all the difference. One such essential tool for entrepreneurs and business owners is a business credit card. These financial instruments offer a range of benefits, from managing cash flow to earning valuable rewards. As we approach the end of the year, it’s the perfect time to unveil the best business credit cards of the year. Join us as we explore the top options that can help you take your business to new heights.
1. Chase Ink Business Preferred® Credit Card
Rewards: The Chase Ink Business Preferred® Credit Card is a standout choice when it comes to earning rewards. It offers a generous sign-up bonus, along with three points per dollar spent on the first $150,000 in combined purchases each account anniversary year on travel, shipping, internet, cable, and phone services, advertising purchases made with social media sites and search engines. Plus, you’ll earn one point per dollar on all other purchases.
Perks: This card offers various business benefits, including trip cancellation insurance, auto rental collision damage waiver, and cell phone protection. The points you earn are also worth 25% more when redeemed for travel through the Chase Ultimate Rewards® program.
Annual Fee: $95
2. American Express Business Platinum Card®
Rewards: The American Express Business Platinum Card® is all about luxury and rewards. It offers five Membership Rewards points per dollar spent on flights and prepaid hotels on amextravel.com, as well as 1.5 points per dollar on eligible purchases of $5,000 or more. You can also earn 1 point per dollar on all other eligible purchases.
Perks: Cardholders enjoy access to airport lounges worldwide, an annual statement credit for airline fees, and a Global Entry/TSA PreCheck application fee credit. The Business Platinum Card also provides access to the Fine Hotels & Resorts program, which offers complimentary benefits at participating hotels.
Annual Fee: $695
3. Capital One Spark Cash Plus
Rewards: If you prefer cashback over travel rewards, the Capital One Spark Cash Plus card might be your top choice. You can earn unlimited 2% cashback on every purchase, making it simple to maximize your rewards.
Perks: In addition to cashback rewards, this card offers other valuable perks, such as a $200 cash bonus after spending $5,000 in the first 3 months, no foreign transaction fees, and free employee cards. It’s an excellent option for businesses that want straightforward cash rewards.
Annual Fee: $150
4. The Business Gold Rewards Card from American Express
Rewards: This card allows you to choose which categories you want to earn rewards in, making it highly customizable for your business needs. You can earn 4x Membership Rewards points on two select categories where your business spent the most each billing cycle (up to $150,000 per year). The categories include airfare, advertising, gas, shipping, and more.
Perks: Cardholders can access the American Express Global Lounge Collection and receive up to one year of complimentary G Suite Basic for eligible new G Suite customers.
Annual Fee: $295
5. Brex Corporate Card
Rewards: The Brex Corporate Card is designed for startups and offers impressive rewards. You can earn 8x points on rideshares, 5x points on travel booked through the Brex portal, 4x points on dining, and 3x points on software subscriptions.
Perks: The Brex Corporate Card doesn’t require a personal guarantee or a credit check. It also offers expense management tools and integration with popular accounting software.
Annual Fee: No annual fee
6. CitiBusiness® / AAdvantage® Platinum Select® Mastercard®
Rewards: If your business involves frequent air travel, this card is an excellent choice. It offers 2 AAdvantage® miles per dollar spent on eligible American Airlines purchases and on purchases at telecommunications merchants, cable and satellite providers, car rental merchants, and gas stations. You’ll earn 1 AAdvantage® mile per dollar on all other purchases.
Perks: Cardholders enjoy preferred boarding on American Airlines flights, a free checked bag on domestic American Airlines itineraries, and 25% savings on in-flight food and beverage purchases when you use your card.
Annual Fee: $99 (waived for the first 12 months)
7. U.S. Bank Business Platinum Card
Rewards: The U.S. Bank Business Platinum Card may not offer rewards like some other cards on this list, but it’s an excellent choice for businesses looking for a 0% introductory APR on purchases and balance transfers for 20 billing cycles.
Perks: This card comes with free employee cards, expense management tools, and zero fraud liability. It’s a straightforward option for businesses focused on managing expenses.
Annual Fee: No annual fee
In conclusion, the best business credit card for you depends on your specific business needs and spending habits. Whether you’re looking for travel rewards, cashback, or a 0% introductory APR, there’s a business credit card on this list that can help you achieve your financial goals. As we wrap up another year in the business world, make sure to consider these top options to help your business thrive in the coming year and beyond.
