Compare Business Credit Cards l finder.com

Business credit cards

We know that everyone's situation is unique and we aim to help you find the right product for you. We may receive compensation when you visit our partners' sites or are approved for their products. You can read more about how we maintain editorial independence and how we make money here.

Apply for a card that rewards your business spending and keeps purchases in one place.

Running a small business efficiently means overseeing every aspect involved in keeping it afloat, especially the cash that flows in and out.

If you’re currently using your personal cards to fund your business — or are interested in finding a card that rewards you for your business spending — consider upgrading to a strong business credit card that helps you focus on taking your success to the next level.

Compare business credit cards

Rates last updated June 21st, 2018
Name Product APR for Purchases ( Purchase Rate ) Intro Purchase APR Intro Purchase APR Period Annual fee Product Description
Applied Bank® VISA® Business
23.99% variable
Turn your hobby or passion into a business with a new Applied Bank® VISA® Business card! This Visa Business card is perfect for sole proprietors and entrepreneurs.
Apply now Read review
Ink Business Cash℠ credit card
14.74% to 20.74% variable
0%
12 months
$0
$500 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening
Ink Business Preferred℠ credit card
17.49% to 22.49% variable
$95
80000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®
Spark® Classic for Business
24.49% variable
$0
Get the credit you want for your business, and unlimited 1% cash back on every purchase, every day
Spark® Miles Select for Business
14.49%, 18.49% or 22.49% variable
0%
first 9 months
$0
Unlimited 1.5X miles per dollar on every purchase, every day
Spark® Miles for Business
18.49% variable
$0 annual fee for the first year ($95 thereafter)
Unlimited 2X miles per dollar on every purchase, every day
Spark® Cash Select for Business
14.49%, 18.49% or 22.49% variable
0%
9 months
$0
Unlimited 1.5% cash back on every purchase, every day.
Capital One® Spark® Cash for Business
18.49% variable
$0 annual fee for the first year ($95 thereafter)
Unlimited 2% cash back from Spark Cash could mean thousands of dollars each year going back into your business. No minimum to redeem.
Marriott Rewards® Premier Business credit card
17.49% to 24.49% variable
$0 annual fee for the first year ($99 thereafter)
75000 Bonus points after you spend $3,000 on purchases in your first 3 months from your account opening with your Marriott Rewards Premier Business credit card.
United MileagePlus® Explorer Business Card
17.49% to 24.49% variable
$$0 intro annual fee for the first year, then $95
50000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
Southwest Rapid Rewards® Premier Business Credit Card
17.49% to 24.49% variable
$99
Earn 2x points on Southwest® purchases and points on all other purchases. Plus 6,000 anniversary bonus points.
CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®
17.24% to 25.24% variable
$0 annual fee for the first year ($95 thereafter)
Earn 60000 American Airlines AAdvantage® bonus miles after you spend $3,000 in purchases within the first 3 months of account opening.
The Business Platinum Card® from American Express
19.99% variable
$450
Earn 50000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases on the Business Platinum Card within your first 3 months of Card Membership.
SimplyCash® Plus Business Credit Card from American Express
SimplyCash® Plus Business Credit Card from American Express
13.99%, 18.99% or 20.99% variable
0%
9 months
$0
Earn cash back with buying power to help pay for business needs.

Compare up to 4 providers

Best small business credit cards of 2018

What do you want to know?

What is a business credit card?

A business credit card is just like a regular credit card, but with tools specifically designed to help you streamline and manage your business spending.

The flexibility of a revolving line of credit — and the option for a cash advance — make credit cards useful tools for small businesses, helping to support your livelihood in a short-term cash crunch.

What to look for in a small business credit card

Look for a credit card that can earn you reward points or cash back on your largest small business expenses — like travel, gas or office supplies. You’ll even find cards that allow you to earn point or dollar multiples on categories that rotating quarterly or annually.

If you’re already in the market for a card, you might as well look for the strongest intro incentive you qualify for. Signup offers are plentiful and often easy to meet, helping you jump-start your rewards with bonus rewards or cash back. Whereas a low or 0% intro APR can soften the blow of large investments in your business, such as laptops or furniture for your office.

To establish or build your business’s credit score, focusing on cards that report your responsible spending to all three credit reporting bureaus can set you up for long-term success.

Why choose a business credit card?

A small business credit card can help finance your business and increase your working capital. But a good one can do much more.

Business vs. personal credit cards

Business and personal credit cards are alike in lending approved borrowers a revolving line of credit that’s paid back each month, often with interest. Each also offers perks like rewards and interest-free promos.

However, they’re different products with advantages that go beyond merely separating your business and personal finances.

Business credit cards

  • Typically offers higher credit limits with flexible repayment.
  • Programs reward your business spending.
  • Generally, interest on business expenses is tax-deductible.
  • Some cards integrate tools to organize expenses.
  • Helps you build business credit.
  • Can hurt your personal credit if used irresponsibly.
  • Offers few protections on your purchases.

Personal credit cards

  • Often a stronger option for balance transfers.
  • Covered by consumer protection laws.
  • Helps you build personal credit.
  • Can be difficult to categorize expenses.
  • Separating out taxes for business could be confusing.

A key difference is that the Credit Card Act and other consumer protections do not apply to business credit cards. It doesn’t mean you’re out of luck: Most providers extend these protections to business customers as a courtesy.

But you’ll want to understand your business card contract, especially terms related to interest rate increases and late fees. Business providers are not required to notify you in advance of increases or cap late fees at a reasonable amount.

Can I use my business credit card for personal expenses?

Yes, but we don’t advise it. For starters, a top benefit of a business credit card is organizing your business spending. When it comes time to work out accounting and taxes, you’re a step ahead with business spending on designated card. You also decrease the risk of your business spending affecting your personal credit score.

On top of that, if potential lenders or credit bureaus find out that you’re using a business credit card for personal purchases, it could potentially signal to them that you’re not able to successfully manage your expenses.

How to compare the best credit cards for small business

Are you planning to invest in your business? Do you need to pay off debt? Would you like a stronger cash flow?

Think about your business spending and cash flow when weighing business card factors that include:

  • Annual fee. Consider how much you’re willing to pay to use a business credit card each year, and determine if any perks are worth the price. A high annual fee doesn’t mean a card isn’t a contender for your business — it could potentially provide you with invaluable rewards, tools and more.
  • APR. A high APR means you’ll pay more interest on any balances you carry over each month. A low interest rate can minimize the cost of borrowing money with your credit card.
  • Promotional interest rate. An intro purchase APR can help you avoid paying high interest rates on big items or balances you transfer from other cards. But pay close attention to the length of your intro period to avoid getting hit with a heap of interest when the rate reverts to your everyday APR.
  • Cash back and rewards. Choose a business credit card that can earn rewards on what you buy most. Look for cash back, miles or points in categories that fit your needs.
  • Foreign transaction fees. If you travel internationally on business, a card that waives foreign transaction fees can save you big. Many providers charge 2% or more for each purchase made outside the States.
  • Signup bonus. The business card market is fierce, with many providers offering generous bonuses to entice you to choose theirs over competitors. Most come with spending requirements that are easy to meet with regular use.
  • Premium benefits. Rewards aren’t the only perks. You could get access to priority airline boarding, waived bag fees and other travel extras. Just make sure your business can take advantage of what your card offers.
  • Read the fine print. By taking on a business credit card, you’re agreeing to specific terms and conditions. Read and understand your card’s contract as you would any others for your business. If you don’t fully agree with what the provider requires, consider a different business card.

Kait signs up for a bonus — and covers her business in Cali

Kait recently started a luxury travel company on the East Coast that books vacations for clients all over the world. Tired of using her personal credit card, she applied for the Chase Ink Business Preferred Credit Card. She liked the 80,000-points bonus, which she easily qualified for after spending $5,000 in the first three months of using her card.

She redeemed those 80,000 points — about $1,000 when used toward travel — to pay for a business trip to California, reinvesting the money she saved into her business’s success.

What credit score do I need to get a business credit card?

Applicants with a good or excellent credit score of 670 or higher will find several business card they can find approval for. Among the business credit cards out there, you’ll find those with less strong credit histories too.

When weighing your options, first read the provider’s requirements to make sure you’re eligible. That way, you avoid unnecessary hard pulls on your credit history, which can temporarily lower your overall score.

Lenders typically beyond your personal credit score to focus on your business’s annual revenue, among other factors. After you’ve built up your business’s credit score, you’ll be in a stronger position for approval on business loans with low rates and long repayment terms.

How to apply for a business credit card in 4 steps

Applying for a business credit card is not much different than applying for a personal credit card. Any owner or sole proprietor of a business can submit an application for a business card using their Social Security number.

While the process can vary slightly, you can set yourself up for successful approval with a few easy steps.

1. Know your credit score.

Most applications for credit depend on your credit score — even for businesses. The credit provider typically weighs both your personal and business credit score, if you have one, to determine whether you’re a trustworthy borrower.

If you haven’t established a history of business credit, you may still be eligible. Just read the card’s eligibility requirements to be sure.

What’s your credit score?

2. Select the best card for your small business.

Compare business credit cards that you’re eligible for against the financial needs of your day-to-day business operations. Look for perks like flexible repayments, rewards on your spending and business management tools.

3. Complete the credit card application.

When applying for a business credit card online, you’ll provide your personal contact information and business details that can include detailed financials.

All that’s left is reviewing your card’s terms and conditions and signing the application.

Do I need a personal guarantee for a business credit card?

It’s likely. Most business card providers require a signed personal guarantee for approval. This guarantee is a promise between you and the creditor that you’re personally liable for your business debts.

This agreement protects the creditor from any unpaid debts on the card but exposes you to seizure of your personal finances or assets if you find yourself unable to pay back what you borrow.

4. Learn the provider’s decision.

If approved, you’ll receive your business credit card by mail in about 10 business days. After, it’s just a matter of activating your card online or by phone with the provider.

Review your monthly statements, and pay at least the minimum on time to keep your account in good standing with the credit card issuer. Always keep tabs on your credit limit, especially if there’s a fee for exceeding the limit.

Compare cards now

Am I eligible for a business credit card?

Generally, if you do business or receive payment for your services, you’re eligible to apply for a business card.

  • Freelancers
  • Sole proprietorships
  • Hobbyists
  • Partnerships
  • Side hustles
  • C-corps
  • S-corps

You don’t necessary need to turn a profit to be eligible. But if you can provide projected revenue numbers in your application, it could help your chance of approval.

How to make the most out of your business credit card

You’ve got your card in hand, and you’re ready to start making it work for your business. Take advantage of all that a business card offers by keeping in mind a few key elements.

Look for a credit card that can earn you reward points or cash back on your largest small business expenses — like travel, gas or office supplies. You’ll even find cards that allow you to earn point or dollar multiples on categories that rotating quarterly or annually.

If you’re already in the market for a card, you might as well look for the strongest intro incentive you qualify for. Signup offers are plentiful and often easy to meet, helping you jump-start your rewards with bonus rewards or cash back. Whereas a low or 0% intro APR can soften the blow of large investments in your business, such as laptops or furniture for your office.

To establish or build your business’s credit score, focusing on cards that report your responsible spending to all three credit reporting bureaus can set you up for long-term success.

  • Keep to a budget. Align your spending with your cash flow to avoid expensive interest. Calculate how much you can afford to comfortably repay each month so that you don’t bump into your credit limit.
  • Adjust your credit limit. The credit limit on your card should be enough to cover your daily expenses throughout the month, with a little extra for emergencies. If you’re exhausting your credit limit often, see if your issuer is willing to increase your limit.
  • Maximize rewards. Look for a card that can earn your points or cash back on your top business expenses. Many include airline, hotel and other partners that offer double — sometimes triple — rewards in specific categories.
  • Travel affordably. If you’re always on the road, look for a card offering elite status on airlines, airport lounge access, complimentary rental car insurance, waived foreign transaction fees, loyalty programs and multiple ways to redeem points.
  • Automate your accounts. Technology makes it easy to keep tabs on our cards. Set up autopay, sign up for text or email alerts, go paperless for your statements or use a mobile app to monitor your business accounts at all times.
  • Monitor your credit score. Your business credit score is an important one if you’re planning on sticking around for the long haul. Pull both your personal and business credit reports to make sure everything is accurate and current.
  • Don’t be afraid to switch. As your business grows, the credit card you have today may not meet your needs. Maybe you need a higher credit limit or your spending trends are newly suited for stronger rewards. Don’t let brand loyalty hold you back from getting the best business card you’re eligible for.

Frequently asked questions

Was this content helpful to you? No  Yes

US Credit Card Offers

Important Information*
Deserve® Classic Card
Deserve® Classic Card

APR

24.49
variable

Annual fee

0 For the first year
More info
Luxury Card Mastercard® Gold Card™
Luxury Card Mastercard® Gold Card™

APR

16.49
variable

Annual fee

995 For the first year
More info
The First Access VISA® Credit Card
The First Access VISA® Credit Card

APR

29.99
variable

Annual fee

75 For the first year
More info
Indigo® Platinum Mastercard® Credit Card
Indigo® Platinum Mastercard® Credit Card

APR

23.9
variable

Annual fee

75 For the first year
More info
Back to top

Read more on this topic

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Go to site