Choosing the best credit card for your small business can be tricky. With around 30 million active small businesses in the UK, finding an option that caters to your specific needs is pivotal.
This blog aims to guide you through nine of the best credit cards tailored for different entrepreneurial requirements and profiles.
Table of Contents
Best Small Business Credit Cards for Unlimited Cash Back
If you’re all about cash back, consider the Ink Business Unlimited® Credit Card, the Capital One Spark Cash Plus, or the American Express Blue Business Cash™ Card.
#1. Ink Business Unlimited® Credit Card
The Ink Business Unlimited® Credit Card is an ideal choice for small enterprises seeking unlimited cash back.
A standout feature of this card is the rewarding 1.5% on all purchases, offering a convenient opportunity for those businesses with diverse spending habits to maximize their earnings without needing to track bonus categories.
Additionally, its valuable sign-up offer adds significant appeal: new cardholders can earn a substantial cashback bonus after meeting the initial spending requirement within the first three months of account opening – a boost that any budding business would appreciate.
Not only does it offer these benefits but also has zero annual fees and employee cards at no extra cost, making it an economical solution for your business expenses while cultivating a healthy credit profile.
#2. Capital One Spark Cash Plus
The Capital One Spark Cash Plus is more than just a top contender in the arena of small business credit cards. Earn unlimited 2% cash back on all purchases, no strings attached. As an owner, you’re free to use these rewards however it best suits your business needs.
Further proving itself as an ideal choice for businesses with high expenses.
A significant advantage of this card is its generous sign-up bonus offering and its lack of spending limits or category restrictions. The versatility accompanying this feature can make it easier for startups or new establishments trying to settle into a consistent operational budget pattern.
Furthermore, the absence of foreign transaction fees makes international business travel conveniently affordable.
#3. American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card is an excellent choice for small businesses looking to leverage their daily expenses into significant cash back.
This business credit card offers a simplified rewards structure, with 2% cash back on all eligible purchases up to $50,000 each calendar year.
Anything beyond that still earns 1%, making it one of the top credit cards for small businesses keen on maximizing returns without segmenting spending categories.
Featuring no annual fee and offering convenience in expense management tools, this card truly stands out among small business credit cards. The purchase protection and extended warranty benefits enhance its appeal further while reinforcing value for money.
Moreover, the flexibility offered by Amex’s Expanded Buying Power feature comes as a boon during unexpected big-ticket expenses or when trying to seize growth opportunities through larger investments.
Any entrepreneur would find these features especially conducive to managing financial operations smoothly whilst maximizing rewards simultaneously.
Best Small Business Credit Cards for Beginners
Looking to start your small business journey? These credit cards are perfect for beginners: the Ink Business Cash® Credit Card, and Capital One Spark Cash Select for Excellent Credit.
#1. Ink Business Cash® Credit Card
The Ink Business Cash® Credit Card is an excellent choice for small business owners looking to earn cash back on their everyday purchases. With this card, you can earn generous rewards in categories such as office supplies, internet services, and telecommunications.
The introductory offer provides a substantial cash-back bonus when you spend a certain amount within the first few months of opening your account. Moreover, this card has no annual fee, making it ideal for startups or businesses with tight budgets.
It also offers additional benefits like purchase protection and extended warranty coverage, giving you peace of mind while managing your expenses.
For new businesses that are just starting out or entrepreneurs who prefer simplicity and flexibility in managing their finances, the Ink Business Cash® Credit Card offers an easy redemption process for cash-back rewards earned from your purchases.
#2. Capital One Spark Cash Select for Excellent Credit
The Capital One Spark Cash Select for Excellent Credit is a top choice for small businesses with a strong credit history. This card offers generous rewards and perks that make it perfect for entrepreneurs looking to maximize their spending power.
With this card, you can earn unlimited 1.5% cash back on every purchase, ensuring that your business gets rewarded for every expense. The best part? There are no complicated redemption processes or restrictions – simply redeem your cash back whenever you want!
Whether you’re a startup or an established business, the Capital One Spark Cash Select is a reliable option to help fuel your success.
If you have excellent credit and need flexible financing options, look no further than the Capital One Spark Cash Select. With features like no annual fee and an introductory 0% APR on purchases for the first twelve months, this card empowers small businesses to invest in growth without worrying about excessive costs.
Best Small Business Credit Cards for No-Hassle Business Travel Rewards
Looking for hassle-free business travel rewards? Check out The Business Platinum Card® from American Express, United℠ Business Card, and Delta SkyMiles® Reserve Business American Express Card.
#1. The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is a top choice for small business owners who frequently travel for work. With this credit card, you’ll enjoy a range of exclusive benefits and perks that make business trips more enjoyable and convenient.
Some of the key features include access to airport lounges worldwide, complimentary elite status with various hotel loyalty programs, and an annual airline fee credit that can be used towards baggage fees or in-flight purchases.
Additionally, cardholders earn generous rewards on eligible purchases, which can be redeemed for flights or other travel expenses. If you’re looking for a business credit card that offers exceptional travel benefits and rewards, The Business Platinum Card® from American Express is definitely worth considering.
Overall, when it comes to finding the best credit cards for small businesses, there are plenty of options available with different features and benefits to suit your specific needs.
Whether you’re looking for unlimited cash-back rewards, flexible redemption options, or special perks for frequent travelers, there’s a business credit card out there that’s perfect for you.
#2. United℠ Business Card
The United℠ Business Card is an excellent choice for small businesses that frequently travel. With this card, you can earn generous rewards on your business expenses and enjoy exclusive perks when flying with United Airlines.
You’ll receive 2 miles per $1 spent on United purchases, as well as at restaurants, gas stations, and office supply stores. Plus, you’ll earn 1 mile per $1 spent on all other purchases. The card also offers a variety of benefits like free checked bags, priority boarding, and access to United Club℠ lounges.
Whether you’re a frequent flyer or just starting your business travel adventures, the United℠ Business Card is sure to provide great value.
#3. Delta SkyMiles® Reserve Business American Express Card
The Delta SkyMiles® Reserve Business American Express Card is a top choice for small business owners who frequently travel. With this card, you can earn miles while enjoying exclusive perks and benefits.
The card offers a generous welcome bonus, allowing you to earn bonus miles after meeting the spending requirement within the first few months of opening the account.
Additionally, you can earn double miles on eligible Delta purchases and one mile per dollar spent on other qualifying purchases.
As a card member, you also get access to priority boarding, complimentary access to Delta Sky Clubs®, and discounted rates for Admirals Club® membership. Plus, you can enjoy your first checked bag free on Delta flights for yourself and up to eight companions traveling on the same reservation.
Best Small Business Credit Cards for Flexibility in Travel Reward Redemption
Looking for small business credit cards that offer flexibility in redeeming travel rewards? Check out The Blue Business® Plus Credit Card from American Express and the Ink Business Preferred® Credit Card.
Find out why these cards are perfect for your business needs!
#1. The Blue Business® Plus Credit Card from American Express
The Blue Business® Plus Credit Card from American Express is a fantastic option for small businesses that want flexibility in travel reward redemption. With this card, you can earn 2X Membership Rewards® points on the first $50,000 spent each year.
These points can be redeemed for flights, hotel stays, and other travel expenses. What’s great about this card is that there are no category restrictions, so you can earn rewards on all your business purchases.
Additionally, there’s no annual fee to worry about.
Another top choice is the Ink Business Preferred® Credit Card. This card gives you the freedom to choose the cash-back category that best suits your business needs.
You can earn 3% cash back on eligible purchases in one of eight categories: travel, advertising with search engines and social media sites, shipping purchases, internet/cable/phone services purchased directly from service providers or U.S.-based office supply stores.
Plus, you’ll enjoy additional benefits like cell phone protection and purchase protection when using this card for your business expenses.
#2. Ink Business Preferred® Credit Card
The Ink Business Preferred® Credit Card is a top choice for small businesses looking for flexibility in travel reward redemption. With this card, you can earn generous rewards on every purchase and redeem them for various travel options.
Whether it’s flights, hotels, car rentals, or experiences, the Ink Business Preferred® Credit Card allows you to choose how to use your hard-earned rewards.
Plus, with its robust sign-up bonus and ongoing bonus points on specific spending categories like advertising and shipping expenses, this credit card offers excellent value for entrepreneurs and business owners.
If you’re seeking a versatile credit card that provides both flexibility and lucrative rewards for your small business expenses, the Ink Business Preferred® Credit Card should be at the top of your list.
Best Small Business Credit Cards for Choice of Cash Back Category
Looking for a business credit card that offers choice in cash back categories? These top options have got you covered. Find out more about the best small business credit cards for cash-back rewards on our blog.
#1. Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card is an excellent choice for small businesses looking for flexibility in cashback rewards. With this card, you can earn 3% cash back on a category of your choice, such as office supplies or travel expenses.
Plus, you’ll receive 2% cash back at restaurants and gas stations, and 1% cash back on all other purchases. This card also offers a generous sign-up bonus and has no annual fee, making it a cost-effective option for new businesses or startups.
With its customizable rewards and business-friendly perks, the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card is definitely worth considering.
#2. Bank of America® Business Advantage Cash Rewards Mastercard® credit card
The Bank of America® Business Advantage Cash Rewards Mastercard® credit card is a fantastic option for small businesses looking to maximize their cash back rewards. With this card, you can earn 3% cash back on purchases at gas stations and office supply stores, as well as 2% cash back at restaurants.
Additionally, you’ll earn 1% cash back on all other purchases.
What sets this credit card apart is its flexibility in redeeming your rewards. You can choose to receive your cashback as a statement credit, deposit it into eligible Bank of America business checking or savings accounts, or even have it applied towards a Merrill Cash Management Account.
This credit card is particularly beneficial for new businesses and startups, as there’s no annual fee and the application process is straightforward.
Plus, with the ability to customize employee spending limits and access account information online anytime, managing your business expenses becomes effortlessly convenient.
Best Small Business Credit Cards for Large Purchases
Looking to make big purchases for your small business? Discover the best credit cards that offer generous rewards and benefits for large expenses. Keep reading to find out more!
#1. Ink Business Premier℠ Credit Card
When it comes to small business credit cards for large purchases, the Ink Business Premier℠ Credit Card is a top choice. With this card, you can earn generous rewards on every purchase you make.
Whether you’re buying new equipment or stocking up on inventory, this card puts money back in your pocket with its cash-back rewards program.
Not only that but the Ink Business Premier℠ Credit Card also offers valuable benefits such as travel insurance and purchase protection, providing peace of mind and extra security for your business.
In addition to its great rewards and perks, the Ink Business Premier℠ Credit Card also offers flexible redemption options. You have the freedom to redeem your cash back for statement credits or even transfer them to popular airline and hotel loyalty programs.
#2. Capital One Spark Miles for Business
The Capital One Spark Miles for Business credit card is a top choice for small businesses looking to earn great travel rewards. With this card, you can earn unlimited 2X miles per dollar on every purchase, making it ideal for businesses that spend a lot on business travel expenses.
The miles you earn can be redeemed towards flights, hotel stays, car rentals, and more – giving you the flexibility to use your rewards how and when you want.
In addition to its generous rewards program, the Capital One Spark Miles for Business offers other valuable benefits like no foreign transaction fees and complimentary employee cards at no extra cost.
Whether you’re a frequent traveler or just starting out with your small business, this credit card provides excellent value and convenience.
FAQs
What are the benefits of using a credit card for my small business?
Using a credit card for your small business can provide various benefits such as improving cash flow management, offering rewards and perks like cashback or travel points, simplifying record-keeping and bookkeeping, and providing access to financing options.
How should I choose the best credit card for my small business?
When choosing a credit card for your small business, consider factors like interest rates, annual fees, rewards programs, credit limit flexibility, introductory offers or promotional rates for balance transfers or purchases, and any additional perks that align with your specific needs.
Can I build my business’s credit score by using a credit card?
Yes, using a business credit card responsibly can help you establish and build your business’s credit score over time. Making timely payments and keeping utilization ratios low are key factors in improving your overall creditworthiness.
Are there any special considerations when applying for a small business credit card?
When applying for a small business credit card, lenders may consider both personal and business financial information during the application process. Be prepared to provide details about your company’s revenue and expenses along with personal identification documents to support your application.
Conclusion
These best credit cards for small businesses offer a range of business-friendly perks, easy redemption options, and generous rewards. Whether you’re a startup or an established company, there is a card to suit your needs.
From cash back to travel rewards and no annual fees to bonus points, these credit cards provide the flexibility and benefits that entrepreneurs require. Don’t miss out on maximizing your business potential with one of these top credit card options.
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