For entrepreneurs, business owners, and managers alike, having the right credit card can make all the difference in financing business expenses and earning rewards for future investments. With so many credit card options available, it can be overwhelming to decide which one is the best fit for your business needs. That’s why we’ve researched and ranked the top business credit cards for 2024, based on their features, benefits, and suitability for different types of businesses.
Key Takeaways
- The best business credit card for your company will depend on your specific business needs, so consider your spending habits and features that will benefit you most.
- Some of the top features to look for in a business credit card include introductory rewards, travel perks, and higher credit limits.
- Cards with no annual fees can offer a great way to save money, especially for smaller businesses or startups.
- It’s important to use your business credit card responsibly and make timely payments to maintain a good credit score.
- Overall, choosing the right business credit card can help your business not only with cash flow and financing, but also with earning rewards for future growth and investment.
Best Cash Back Business Credit Cards for 2024
For businesses looking to save money and earn rewards at the same time, cash back credit cards can be an excellent option. In 2024, the best cash back business credit cards offer competitive reward rates and flexible redemption options.
1. American Express Blue Business Cash Card
The American Express Blue Business Cash Card is an excellent choice for startups and small businesses. It offers up to 2% cash back on all purchases, up to $50,000 per year. There are no annual or foreign transaction fees, making it a cost-effective option. Plus, Amex offers a zero percent introductory APR for 12 months.
2. Capital One Spark Cash for Business
The Capital One Spark Cash for Business offers an unlimited 2% cash back on all purchases. Unlike the American Express Blue Business Cash Card, there is a $95 annual fee, but it is waived in the first year. This card also comes with a signing bonus of $500 when you spend $4,500 in the first three months.
3. Chase Ink Business Cash Credit Card
The Chase Ink Business Cash Credit Card offers up to 5% cash back on certain business-related expenses, such as office supplies, internet, phone, and cable services. It also offers a generous signing bonus of $750 when you spend $7,500 in the first three months. There is no annual fee for this card.
4. Bank of America Business Advantage Cash Rewards Mastercard
The Bank of America Business Advantage Cash Rewards Mastercard offers a 3% cash back on a category of your choice, such as gas or office supplies. You can also earn 2% cash back on dining and unlimited 1% cash back on all other purchases. There is no annual fee for this card, and Bank of America offers a signing bonus of $300 when you spend $3,000 in the first 90 days.
When choosing the best cash back business credit cards, consider factors such as the rewards rate, annual fees, and signing bonuses. It’s important to find the right card for your business needs and goals.
Best Travel Rewards Business Credit Cards for 2024
If your business involves a lot of traveling, getting a credit card that offers travel rewards is a no-brainer. Here are the best travel rewards business credit cards in 2024:
Credit Card Name | Annual Fee | Reward Program | Sign-Up Bonus |
---|---|---|---|
Chase Ink Business Preferred Credit Card | $95 | Chase Ultimate Rewards | 100,000 points after spending $15,000 in the first 3 months |
American Express Business Platinum Card | $595 | Membership Rewards | 130,000 points after spending $20,000 in the first 3 months |
Capital One Spark Miles for Business | $95 | Capital One Rewards | 50,000 miles after spending $4,500 in the first 3 months |
All of these cards offer generous travel rewards programs with sign-up bonuses that could save you money on travel expenses. The Chase Ink Business Preferred Credit Card is ideal for businesses that frequently use Lyft or Uber. You can earn 3 points for every $1 spent on travel, shipping, internet, cable, phone services, and advertising purchases.
The American Express Business Platinum card offers a more exclusive rewards program with perks like airport lounge access, hotel upgrades, and a personal concierge. However, the high annual fee may not be suitable for everyone.
read also
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The Capital One Spark Miles for Business card is perfect for businesses that want flexibility when redeeming their travel rewards. You can use the miles you earn to book flights, hotels, rental cars, or transfer them to one of Capital One’s partner programs.
Choosing the right travel rewards business credit card can help you save money on travel expenses and earn rewards in the process. Consider what type of rewards program suits your business needs best before applying for a credit card.
Best Business Credit Cards with No Annual Fee for 2024
If you’re looking for a business credit card with no annual fee, we’ve got you covered. Here are the top choices for 2024:
Credit Card | Rewards | Special Features |
---|---|---|
Chase Ink Business Cash® Credit Card | Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases. | No annual fee, introductory APR, employee cards at no additional cost. |
Capital One Spark Cash Select for Business | Earn unlimited 1.5% cash back on all purchases. | No annual fee, 0% intro APR on purchases, employee cards at no additional cost. |
American Express Blue Business Cash® Card | Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. | No annual fee, employee cards at no additional cost. |
These business credit cards offer valuable rewards and benefits, with the added bonus of no annual fees. If you’re looking to save money while still earning rewards, these are your best options.
If you’re looking for the best rewards business credit cards, check out our previous section for more information.
Conclusion
Choosing the right business credit card is crucial for managing expenses and maximizing rewards. Our ranking of the best business credit cards for 2024 offers a comprehensive overview of the top options available to business owners.
Remember, the best business credit card for your needs depends on various factors, such as your business size, spending habits, and travel requirements. Consider your priorities and compare the features and benefits of each card before making a final decision.
Overall, the best business credit cards offer perks such as cash back rewards, travel rewards, and other benefits that can help you save money on your business expenses. Investing time in finding the best credit card for your business can pay off in the long run.
If you’re a business owner looking for the best credit card for your business expenses, be sure to check out our top picks. We hope this article has helped you narrow down your options and make an informed choice.
FAQ
What are the best business credit cards for 2024?
The top business credit cards for 2024 include the Chase Ink Business Preferred, American Express Business Platinum Card, and Capital One Spark Cash for Business.
Which credit cards are best for small businesses?
Some of the best credit cards for small businesses are the Chase Ink Business Cash, Bank of America Business Advantage Cash Rewards, and American Express Blue Business Cash.
What are the best credit cards for business expenses?
The best credit cards for business expenses include the American Express Gold Business Card, Citi Double Cash Card, and Discover it Business Card.
Which credit cards are recommended for business owners?
Recommended credit cards for business owners are the Capital One Spark Miles for Business, Chase Ink Business Unlimited, and American Express Business Green Rewards Card.
What are the best cash back business credit cards for startups?
The top cash back business credit cards for startups are the Capital One Spark Cash Select for Business, American Express Blue Business Cash, and Discover it Business Card.
Which credit cards offer the best travel rewards for businesses?
Some of the best travel rewards business credit cards are the Chase Ink Business Preferred, American Express Business Platinum Card, and Capital One Spark Miles for Business.
Are there any business credit cards with no annual fee?
Yes, there are business credit cards with no annual fee, such as the Chase Ink Business Cash, American Express Blue Business Cash, and Wells Fargo Business Secured Credit Card.
What are the best rewards business credit cards?
The best rewards business credit cards include the Capital One Spark Cash for Business, American Express Business Gold Card, and Bank of America Business Advantage Cash Rewards.
Which business credit cards are suitable for startups?
Business credit cards suitable for startups include the Capital One Spark Classic for Business, American Express Blue Business Plus, and Discover it Business Card.