Best Small Business Credit Card Options in 2023

Here are the best small business credit card options to consider.

• Ink Business Cash® Credit Card offers unlimited 1.5% cash back on all purchases with the card and no annual fees.
• If you spend $6,000 in three months, you get back $900
• Employee cards are free and come with individualized spending limits for added security, fraud protection, and zero liability features.
• Additional benefits such as extended warranties and travel benefits are also included.

• Capital One Spark Miles for Business credit card offers a great rewards program that can be redeemed for statement credits on travel purchases at a rate of one cent per mile.
• There is no minimum redemption amount, so users can cash in their miles whenever they need to cover the cost of their trip.
• The card also provides exclusive discounts and perks through its partnership with other providers.
• Free additional employee cards are available, allowing all members of your team to take advantage of these benefits wherever they go!

• Blue Business Plus Credit Card from American Express is perfect for busy business owners who want to earn rewards.
• Earn double Membership Rewards points on up to $50,000 in everyday expenses annually.
• Receive a 15,000 point bonus after spending just $3,000 within three months of card membership.
• Enjoy additional benefits such as no annual fee and 0% APR on purchases for an entire year starting at account opening.
• Track all your business expenses easily with detailed reports.

• Revenued Business Card offers a 3% cash back rate and is ideal for small businesses. In this case, approvals and finance charges depend on company revenue instead of personal credit scores.
• There are no annual fees or hidden costs associated with the card.
• Capital on Tap has flexible repayment plans with no hidden fees or interest charges and an app to track expenses easily online.

• The Business Platinum Card® from American Express offers a generous welcome bonus of up to 120,000 reward points after spending $15,000 on eligible purchases.
• It provides up to $200 in airline fee credits each calendar year and covers up to $189 per year in CLEAR membership cost coverage.
• With Priority Pass™ Select membership included with this card – customers can access over 1,400 airport lounges in 140 countries.

• The Ink Business Premier Credit Card offers a hefty cashback rate of up to 2.5% on purchases of $5,000, plus an impressive signup bonus.
• The card comes with fraud protection and zero liability coverage for added security when making purchases.
• It also provides purchase protection and no foreign transaction fees, so you don’t have to worry about unexpected charges from international transactions.

• Ink Business Unlimited® Credit Card offers a $900 bonus cash upon signing up and completing purchases totaling at least $6,000 within three months.
• It also provides 1.5% cash back on every purchase made after that and no annual fee – making it perfect for small business owners looking to maximize their earning potential.
• You can add employee cards without extra cost and set individual limits.

Other small business credit card options include Ink Business Preferred® Credit Card and the Chase Ultimate Rewards.

Small business owners have various options when it comes to credit cards.

From cashback rewards to no foreign transaction fees, these cards provide plenty of benefits to help make running a small business easier.

Small business credit card options vary in fees, balance transfers, rewards, and more.

Here are the various types of rewards that can be beneficial to small businesses.

One of the most common types of rewards is cashback in either general or specific bonus categories.

Similar to rewards in personal finances, cashback rewards can help small business owners save money on their purchases.

The right small business rewards card can offer a variety of cash back categories to help small businesses make the most out of their purchases.

As a result, business owners can earn cashback rewards for anything from office supply stores to restaurants.

One potential credit card reward involves traveling.

Here, credit card users can get significant discounts and free airline miles when they make purchases with their cards.

Small business owners that need to travel for work and are looking to maximize their points should consider a travel rewards card.

Accommodation expenses are typically included in travel rewards, offering even more benefits to small businesses.

The right travel rewards card can help save airfare and lodging if a business needs to attend out-of-town conferences or meetings.

Furthermore, most travel-reward cards can be used at gas stations and restaurants, allowing small business owners to accumulate even more points.

It’s important to note that specific terms apply.

Some travel rewards cards may have an annual fee or require a particular minimum spend to qualify for travel-based bonuses.

Small business owners can capitalize on signup bonus offers to jumpstart their businesses.

These generally happen when owners sign up for a business checking account.

Some cards may even provide additional signup bonuses, such as statement credits used to reduce the cost of purchases or bonus point multipliers.

Lower interest rates are a great benefit for small business owners to capitalize on in their first year of business.

Many cards come with competitive introductory APR, which allows small businesses to reduce their interest rates and save money on their purchases.

The cards then introduce a variable APR after the introductory period.

Purchase protection helps protect businesses from fraudulent transactions or unforeseen events that could otherwise cause financial damage.

In this regard, many cards have spending categories where this protection applies.

The protection also covers eligible items up to a set limit and within a certain period.

Typically, this covers 90 days from the date of purchase.

Credit card options for international businesses have also changed in the past few years.

Many cards now come with no foreign transaction fees, giving business owners reliable ways to manage business spending overseas.

Small businesses can avoid additional costs associated with buying or selling goods and services abroad, leading to more money in their pockets.

Small business card holders might get free employee cards with their corporate accounts.

This feature allows them to assign dedicated lines of credit for staff members to use under their supervision.

Having designated people authorized to make large purchases on behalf of the company can help manage business spending.

It can also give small business owners better control over their finances.

Let’s now consider the key factors when deciding on a small business credit card.

Small business credit cards commonly offer rewards that can be used toward future purchases or accessed as cash back.

Reading through the terms and conditions to understand how the rewards are earned (and comparing different options) before deciding is essential.

Small business credit card options can range from cards with 0% intro APR and no annual fee to those with a higher yearly fee.

Another card issuer may waive this fee on an account anniversary or offer special promotions to help businesses save money on their credit card expenses.

The annual fee amount could also depend on one’s specific credit report.

Again, it is essential to compare different cards before making a decision.

Small business credit card options typically offer a specific cash flow and limits based on the individual’s or business’ credit history.

For freelancers or small business owners with such limits, knowing and understanding the credit limit is essential to meet their business needs.

Many credit cards offer an extended warranty on purchases made with their card beyond the standard manufacturer’s warranty period.

This extended warranty can cover electronics, jewelry, travel, and appliances.

Whether it’s a trip cancellation due to an emergency or protection against the loss of goods from theft or damage, extended warranties can provide peace of mind.

Choosing a business gold card can also offer more comprehensive coverage.

This coverage might include additional benefits, including rental car insurance, roadside assistance, and travel accident insurance.

A small business card differs from personal credit cards because it can cater to business purchases and increase cash flow.

Differentiating between personal and business finances should be the first step for any entrepreneur looking to apply for a credit card for their business.

Moreover, your personal credit history is not taken into account when evaluating applications for small business credit cards.

A personal guarantee is sometimes used for new businesses to secure a loan or line of credit.

Reading the fine print and understanding any credit card’s terms and conditions is critical to ensuring you get the best deal.

When choosing the right card for your business, you must consider how you plan to use it, how much interest and fees you will pay, and which bureaus the card reports to.

The advantages of using a Visa as a payment method include the convenience, security, and reliability of the payments.

Furthermore, Visa cards are widely accepted in countries around the world, making them one of the most popular payment methods available.

Lenders do not use your social security number when applying for a business credit card.

Instead, they will request your Dun & Bradstreet D-U-N-S Number or another form of identification.

Business credit cards offer flexible billing cycles that can be customized to suit the needs of your business.

Your card’s issuer will provide more information on how to set up and manage billing cycles.

Most merchants usually accept gift cards from business credit cards.

However, some stores may not accept them due to higher fees or the issuer’s policy.

Be sure to check with the merchant in advance.

The Fair Credit Reporting Act (FCRA) is a federal law that requires credit bureaus to provide consumers with their credit reports and other consumer data.

This information is used by lenders when making credit decisions, including those related to small business credit card applications.

The FCRA also protects consumers from inaccurate information on their credit reports and helps ensure that lenders use accurate data when making decisions.

Encryption technology keeps your details secure when shopping online with a business credit card.

Most cards also offer additional security features, such as fraud protection and ID theft coverage, that can help protect you against unauthorized purchases and other fraudulent activity.

Before hitting the apply now button, ensure you understand what kind of card is right for your business.

Research interest rates and fees to ensure you get the best value out of your credit card.

Finally, be aware that hard inquiries can affect your credit score, so it’s essential to research the requirements before applying.

When choosing the best small business credit card option, consider key factors such as:

• Bonus rewards structure
• Annual fee
• Interest rate
• Credit limit
• And fraud protection.

Additionally, compare different providers to ensure you select an option that suits your needs.

To avoid any problems in the long run, always make sure to read and understand the terms and conditions before signing up.

Lastly, ask questions and research to ensure you select the right card for your business.

Further reading on AdamEnfroy.com: You should consider various business credit cards depending on your company’s needs.

Here are some credit cards that are situation-specific: