The Best Credit Cards for Businesses as of June 2022

Consider a business credit card for small company owners, including freelancers and brick-and-mortar establishments. The top small-business credit cards provide extensive reward programs, cost monitoring, and money-saving advantages that may benefit almost any business. Best of all, you do not need a company structure to apply for one of these grants. Our specialists analyzed hundreds of alternatives and compared their features and benefits for the finest small-business credit cards available from our partners in 2022.

What Exactly Is a Business Credit Card?

In the case of a small business or sole proprietorship, a small business credit card is a type of credit card. As a result, proprietors of small businesses can segregate their company costs from their ones. Keeping track of your finances will be easier, especially when it comes time to file your taxes.

How Do Business Cards Work?

When it comes to how business credit cards work, they're quite similar to how personal credit cards do, but for the fact that they may have different rewards programs or safeguards.

Types of Company Credit Cards

Small business cards and corporate cards are the two most frequent business credit cards. These are small company credit cards that don't require a special financial agreement to be applied for.

Get a Credit Card for Your Business

You may apply for a business card online or at a bank branch with your Social Security Number (SSN) or Employee Identification Number (EIN).

How to Get a Business Credit Card Without a Guarantor

A personal guarantee is required for some company credit cards to be issued. Any outstanding amounts on the card will be held accountable by an individual, generally the person who applied for the card in their place. Brex Visa Commercial Credit Card, for example, doesn't require a personal guarantee for individuals who don't want to be attached to their company accounts.

Get a Business Credit Card with an Instant Approval

Most credit cards that allow you to apply online will notify you immediately if you are accepted. When you apply for a credit line, you'll almost always find out if the bank requires further information.

Credit Cards for Businesses: How to Compare Them

Choosing a company credit card can be a time-consuming procedure, given the variety of cards available. Before settling on a top choice, prospective cardholders must weigh various aspects.

Annual Fee

Due to the high cost of Membership, many credit cards charge annual fees. Prospective cardholders should figure out how much they'll need to spend to offset the annual charge.

Structure of Earnings

Even if the points-per-dollar offered on certain cards are high, they aren't worth anything when it comes time to use the points. The quantity of points doesn't tell the whole story; instead, focus on what the points will bring you.

Options for Financing

A credit card allows you to make purchases using a debit card. As with credit cards, a charge card will need monthly payments; however, with a credit card, interest is accrued. Check if the card you are applying for is the right one for your situation.

The Best Credit Cards for Small Businesses

Capital One Spark Cash Plus Credit Card

Consider the Capital One Spark Cash Plus, which gives 2% cash back on all qualified purchases if you're searching for a competitive cashback rate. This cashback program doesn't have to worry about bonus categories or spending limitations.

Cashback can be redeemed for any amount, either as a statement credit or a check, by business owners. Automatic redemption can occur at a predetermined period each year or when a specified cashback is attained. Additional corporate perks include account management tools, extended warranty and protection, and travel incentives with the Spark Cash Plus.

Ink Business Preferred Credit Card

Business owners can earn points on everyday business purchases with the Ink Company Preferred Credit Card. Travel, shipping, internet, cable, phone services, and advertising expenditures with social media and search engines are all eligible for 3X points for every $1 spent on the first $150,000 in total purchases per account anniversary year. All other purchases will get you 1 point every $1.

After making purchases totaling $15,000 during the first three months of account setup, you'll receive a hefty welcome bonus of 100,000 points. In addition, Chase Ultimate Rewards® points are worth 25% more when redeemed for travel. As an illustration, the $1,250 value of the 100,000-point incentive can be used toward trip expenses. Cardholders may use points to redeem for travel, cash back, and more, but Chase Ultimate Rewards is the best way to get the most value out of your points.

The Business Platinum Card from American Express

The American Express Business Platinum Card is a top-tier card with many premium benefits for small business owners. Every sort of company owner can profit from travel, purchase protection, incentives, or cost management. Customers can earn 5X Membership Rewards points on prepaid hotel booking through amextravel.com and 1.5X Membership Rewards points on purchases of $5,000 or more made at U.S. construction material and hardware suppliers, electronic goods retailers, and software and cloud system providers, plus 1.5X Membership Rewards points on all other purchases (up to a maximum of $2 million in purchases per year). Amex Travel customers who redeem points for flights receive a 35 percent bonus, up to a maximum of 500,000 bonus points each calendar year.