Selecting the ideal business credit card can have a big impact on the financial stability and productivity of your organization. Designed to accommodate different business demands and spending patterns, these are some of the best business credit cards that will be on the market in September 2024.
- The Ink Preferred® Business Credit Card
Ideal for: Travel rewards and sign-up bonuses
Sign-up Bonus: After spending $15,000 on purchases during the first three months of opening an account, earn 100,000 bonus points.
Rewards: Every year on the anniversary of your account, you will receive 3 points for every $1 spend on travel and some business categories.
Annual Cost: $95.
Travel insurance1, no foreign transaction costs, and cell phone protection are additional benefits.
- Gold Card for American Express® Business
Ideal for: Adaptable Incentives
Reward: Four times the Membership Rewards® points on the two chosen categories (out of six) in which your company spends the most each month.
Annual Cost: $295
Travel benefits2, no set spending limit, and expense management tools are further benefits.
- Credit Card Ink Business Unlimited®
Ideal for: Rebate
Rewards: Get 1.5% cash back on all purchases, no limit.
Annual Cost: $0
Extra Benefits: Extended warranty protection, purchase protection, and employee cards at no extra cost3.
- Spark Cash Plus at Capital One
Ideal for: Businesses with large budgets
Benefits: Earn 2% cash back on all purchases, no limit.
Annual Cost: $150
Extra Perks: Free employee cards, year-end reports, and no defined spending cap4.
- Anywhere Costco Citi Visa® Business Card
Ideal for: EV charging incentives and gas
Rewards: 2% on all other Costco and Costco.com purchases, 1% on all other purchases, 3% on restaurants and qualifying travel, 4% cash back on eligible petrol and EV charging expenditures (up to $7,000 annually, after which 1%).
No annual fee if you are a Costco member.
Extra Benefits: Extended Warranty, Purchase Protection, and Travel Accident Insurance5.
- Brex Card for New Businesses
Ideal for: New Businesses
Rewards: Ridesharing up to 8X points, Brex trip trip bookings 5X points, dining establishments 4X points, qualifying Apple purchases 3X points, software subscriptions 2X points, and all other transactions 1X points.
Annual Cost: $0
Extra advantages include the ability to control expenses without requiring a personal guarantee, interaction with accounting software, and more.
- Bank of America® Customized Cash Rewards Mastercard® with Business Advantage
Ideal for: Tailored Cash Back
Rewards include unlimited 1% on all other purchases, 2% on eating, and 3% cash back in any category of your choosing.
Annual Cost: $0
Extra Benefits: Purchases are subject to an introductory 0% APR for the first nine billing cycles, after which a variable APR is applicable7.
- Triple Cash Rewards World EliteTM Mastercard® from U.S. Bank Business
Best for: Cash Back and No Annual Fee
Rewards: 1% cash back on all other qualifying purchases, plus 3% cash back on eligible purchases at restaurants, petrol stations, office supply retailers, and cell phone service providers.
Annual Cost: $0
Extra Benefits: 0% introductory APR on purchases and balance transfers for the first 15 billing cycles8, and $500 cash back after spending $4,500 on the account owner’s card in the first 150 days.
- Credit Card for Business Platinum from Wells Fargo
Ideal for: Low Rates of Interest
Benefits include 1.5% cash back on purchases of $1 or 1 point for every $1 spent, as well as 1,000 extra points for monthly expenditures of $1,000 or more.
Annual Cost: $0
Extra Benefits: The first nine months have an introductory 0% APR, after which a variable APR is applicable.
- American Express Blue Business® Plus Credit Card
Ideal for: Regular Business Outlays
Reward: 1X point for every dollar spent once the first $50,000 is spent annually, up to 2X Membership Rewards® points.
Annual Cost: $0
Added advantages include tools for managing expenses, greater purchasing power, and no predetermined spending cap.
Selecting the Appropriate Card
Take the following things into account when choosing a business credit card:
Spending Patterns: Determine which areas of your company’s budget are most heavily used, then select a credit card that gives the best benefits in those areas.
Choose between cash back, travel rewards, or flexible points as your preferred rewards type.
Annual Fees: To be sure the card is worth it, compare its features to the annual cost.
Extra Benefits: Search for credit cards that come with extra features including tools for managing expenses, purchase protection, and travel insurance.
You can choose a business credit card that fits the operational requirements and financial objectives of your firm by carefully weighing these elements.