The right business credit card can help you establish business credit, keep business expenses separate, & grow your business with ease.
Determining the best business credit cards of 2017 involved looking at dozens of offers from the country’s largest credit issuers including Chase, Citi, American Express, Capital One, and Wells Fargo.
We narrowed them down for you in order to curate only the best business cards with the most popular features: no annual fee and easy-to-redeem cash-back rewards.
Some of our picks have a 0% introductory rate, while others will work well for businesses that have problems with their credit history. Most are intended for small businesses with very good to excellent credit and $10 million or less in annual revenue.
The Commerce Bank Business Platinum Card might be right for your business if you plan to carry a balance and want a reasonable interest rate but can’t get approved for a 0% APR offer.
It has a 10.90% variable APR based on the prime rate and lets you establish individual credit lines for employees if you want them to have company credit cards.
Be sure to make at least the minimum monthly payment on time or your interest rate will increase to 21.99% fixed.
Spark Classic from Capital One is a card to consider if you need a business credit card for average credit.
It has no annual fee, unlimited 1% cash-back on purchases, and free employee cards.
It’s a good choice as long as you won’t carry a balance; the APR is rather high at 23.24% variable.
The Wells Fargo Business Secured Credit Card is a solid choice for businesses that need to establish credit and can’t get approved for an unsecured credit card.
You’ll place a deposit with Wells Fargo for the amount of your credit line, which can be anywhere from $500 to $25,000. The card has a reasonable $25 annual fee per card (you can add up to 9 employee cards, for a total of 10 cards).
The card’s rewards program lets you choose between 1 reward point per $1 spent or 1% cash back on all purchases. Points are redeemable for gift cards, cash, and airline tickets.
The reward program costs $50 per company after the first year. Since you can get better deals on unsecured cards, this is a good card to use for only as long as you need it to build your credit, then move on. Consider this card if your business has bad credit or no credit.
The American Express Blue for Business Credit Card is a solid choice if you want an easy sign-up bonus, ongoing reward points, and a low introductory APR.
This card offers 10,000 membership reward points after you make a single purchase within 3 months of opening your account. Those points are worth up to $100 when you redeem them for gift cards; other redemption options are available as well.
You also get one point per $1 on all purchases and a 30% annual point bonus, so if you spend $10,000 on the card during the year, you’ll get an extra 3,000 points at the end of that year, making the card’s effective cash back rate an above-average 1.3%. This card also has a 0% APR on purchases for your first 9 months.
The American Express SimplyCash® Plus Business Credit Card doesn’t have a sign-up bonus, but it does have ongoing rewards of 5% cash back at office supply stores and on US wireless phone service.
It also has a unique feature that can help businesses maximize their cashback: 3% back on a category of your choosing, which can be airfare, hotels, car rentals, gas, restaurants, advertising, shipping, or computers. These cash back rates apply to your first $50,000 in purchases each year. For all other purchases, you earn 1% cashback.
Many Amex business rewards cards have steep annual fees, but this one doesn’t, so it could be a good business card to keep in your wallet long term.
It also offers a 0% introductory APR on purchases for 9 months and the ability to exceed your credit limit as long as you pay the amount above your credit limit in full by your payment due date. If your credit limit is $5,000 and you spend $7,000 one month, you can carry a balance of up to $5,000; you must pay off the remaining $2,000.
The Spark Cash Select from Capital One card offers a sign-up bonus of $200 after you spend $3,000 within 3 months of opening your account.
In addition, this card provides unlimited 1.5% cashback on all purchases, free employee cards, and a 0% introductory APR on purchases for 9 months.
Businesses that are willing to pay an annual fee in exchange for a higher sign-up bonus might consider the Spark Cash from Capital One credit card, which also offers higher ongoing cash-back rewards.
The Chase Ink Cash Business Card offers a sign-up bonus of $300 after you spend $3,000 within 3 months of opening your account.
The card also has ongoing rewards of 5% cashback on your first $25,000 in spending each year at office supply stores and on phone, internet, and cable television service; 2% cash back on your first $25,000 in spending each year at gas stations and restaurants; and unlimited 1% cash back on all other purchases.
Cardholders can also take advantage of 0% APR on purchases and balance transfers for 12 months. Additional cards for employees are free. Because of its generous sign-up bonus, low introductory APR, and ongoing rewards, this is one of the best cashback business credit cards.
Businesses willing to pay a $95 annual fee can take a look at the Chase Ink Plus Business Card which offers an even larger sign-up bonus.