Best small business credit cards to choose from in 2024
When it comes to managing your company's finances, nothing compares to having a business credit card.
Whether you're looking to earn rewards on everyday purchases, take advantage of introductory offers, or simply keep your business and personal expenses separate—there's a card out there that can help you achieve your goals.
In this blog post, we'll examine some of the best small business credit cards available in 2024.
Ink Business Unlimited Credit Card
The Ink Business Unlimited Credit Card offers a generous welcome bonus of $750 cash back after spending $6000 on purchases within the first three months of account opening.
You'll also earn unlimited 1.5% cash back on all purchases, with no annual fee. This card is an excellent choice for businesses that want to earn rewards for their spending without worrying about bonus categories or spending limits.
Plus, you can take advantage of additional employee cards at no extra cost, making it easy to track and manage your team's expenses.
American Express Blue Business Cash Card
The American Express Blue Business Cash Card is another great option for small businesses looking to earn cash back on their purchases. You'll earn 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% thereafter.
There's no annual fee, and you'll enjoy a 0% introductory APR on purchases for the first 12 months (then a variable APR of 13.24% - 19.24%). This card also offers valuable benefits like purchase protection and extended warranty coverage.
Additionally, the American Express Blue Business Cash Card provides access to valuable business tools like the American Express Business App, which allows you to manage your expenses, receipts, and employee cards on the go. You'll also have access to 24/7 customer support and fraud protection, ensuring that your business finances remain secure.
Capital One Spark Cash Plus
The Capital One Spark Cash Plus is a top choice for businesses with high spending needs. You'll earn unlimited 2% cash back on every purchase, with no caps or categories to keep track of.
While this card does come with a $150 annual fee, it's waived for the first year. Plus, you can earn up to a $1,000 cash bonus—$500 after spending $5,000 in the first 3 months and another $500 after spending $50,000 in the first 6 months of account opening.
Capital One Spark Cash Plus offers free employee cards, which allow you to easily track and manage your team's expenses. You'll also benefit from advanced security features like fraud alerts and $0 fraud liability, ensuring that your business finances remain protected. With its straightforward rewards structure and valuable perks, the Capital One Spark Cash Plus is a top contender for businesses looking to maximise their cash-back potential and simplify their expense management.
Related Reading: Due Dates for Corporate Taxes in 2024
U.S. Bank Business Leverage Visa Signature Card
The U.S. Bank Business Leverage Visa Signature Card is another excellent option for businesses looking to maximise their rewards. Each month, you'll earn 2X points on your top two spending categories, including common expenses like gas stations, office supply stores, and restaurants.
All other purchases earn 1X points. This card also offers a generous welcome bonus of 75,000 bonus points after spending $7,500 in the first 3 months.
Additionally, you'll enjoy a 0% introductory APR on purchases and balance transfers for the first 12 months (then a variable APR of 11.99% - 22.99%). You'll also have access to valuable business tools, such as expense tracking and reporting, which will make it easy to manage your finances. The U.S. Bank Business Leverage Visa Signature Card also provides travel perks, such as no foreign transaction fees and travel accident insurance, making it a great choice for businesses with frequently traveling employees.
With its combination of rewards, introductory APR, and business-friendly features, this card is a strong contender for small businesses looking to optimise their spending and streamline their expense management.
Also read: Form 1120
Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is a top choice for businesses seeking a balance between rewards and valuable perks.
This card offers 3X points on travel, shipping, internet, cable, phone services, and advertising purchases with social media sites and search engines (up to $150,000 in combined purchases per year). You'll also earn 1X points on all other purchases. And after spending $15,000 on purchases within the first 3 months of account opening, you can take advantage of a generous welcome bonus of 100,000 points.
These points are worth $1,250 when redeemed for travel through Chase Ultimate Rewards.The Ink Business Preferred also offers valuable benefits like cell phone protection (up to $600 per claim), trip cancellation/interruption insurance, and purchase protection. With its combination of high-value rewards and practical perks, this card is an excellent choice for businesses with significant travel and advertising expenses
The card also offers a competitive variable APR of 15.99% - 20.99%, depending on your creditworthiness. With no foreign transaction fees, this card is an excellent choice for businesses with international travel or expenses.
TLDR version
Let’s Recap!
In summary, each of these business credit cards offers unique rewards and benefits tailored to different business needs. Whether you prioritise cash back, travel perks, or introductory APR offers—there is a card that can help you maximise your business spending and streamline expense management.
PS: Make your bookkeeping and accounting processes even more efficient by combining them with software like Inkle Books.
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