As featured in The Wall Street Journal, Money Magazine, and more!
     

The Best Small Business Credit Cards of 2017

This article was written by in Credit. 8 comments.

Small businesses often require a substantial line of credit early on to survive the start-up stage. In a perfect world, everyone would have the cash to fund their start-up but it’s not always that easy. These days, finding a bank that can lend to small businesses is extremely difficult, so one of the alternatives is to fund a business is by selecting a small business credit card from the list of best credit card deals here.

Small business credit cards have been around for a while, but some of the most well-known lenders like Advanta were causalities of the economic recession. This is a list of the best small business credit cards you can find online today.

Editor’s choice

Capital One® Spark® Cash for Business

Capital One Spark Cash business credit cardThe Capital One® Spark® Cash for Business is our top pick. It’s one of just a few credit cards that pays 2% cash back on every purchase. In addition, it’s one-time $500 cash bonus once you spend $4,500 on purchases within 3 months of approval is unparalleled. There is a $59 annual fee, but it’s waived the first year.

Learn how to apply here.

learn_more


Other Top Credit Cards for Businesses

Capital One

In addition to our Editor’s Pick, Capital One offers three other versions of its small business credit card. Each of them is an excellent choice, depending on your spending patterns. Here’s a quick summary of each card:

  • Capital One® Spark® Cash for Business: Unlimited 2% cash back and a one-time $500 cash bonus once you spend $4,500 on purchases within the first 3 months. Annual fee: $0 intro annual fee for the first year; $59 after that. Get more details here.
  • Capital One® Spark® Cash Select for Business: Unlimited 1.5% cash back and a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months. Annual fee: $0. Get more details here.
  • Capital One® Spark® Miles for Business: Earn 2 miles per $1 on every purchase and a one-time bonus of 50,000 miles once you spend $4,500 on purchases within the first 3 months. Annual fee: $0 intro annual fee for the first year; $59 after that. Get more details here.
  • Capital One® Spark® Miles Select for Business: Earn 1.5 miles per $1 on every purchase and a one-time bonus of 20,000 miles once you spend $3,000 on purchases within the first 3 months. Annual fee: $0. Get more details here.

American Express

Amex also offers some excellent business credit cards. We’ll start with out favorite, the Starwood Preferred business card:

  • Starwood Preferred Guest® Business Credit Card from American Express: You can earn 35,000 bonus Starpoints® after spending $5,000 on purchases with the card during the first three months of Card Membership and an additional $3,000 in purchases during the first six months. Cardholders may earn 2 Starpoints for each dollar of eligible purchases charged directly with hotels and resorts participating in the SPG® program and one Starpoint for each dollar spent on other eligible purchases. There is a $0 introductory annual fee for the first year, and after that, the annual fee is $95. Get more details here.
  • The Enhanced Business Platinum® Card from American Express OPEN: One of the most reward business credit cards, for a limited time earn up to 100,000 Membership Rewards® points. Earn 50,000 Membership Rewards points after you spend $5,000 and an extra 50,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership. Offer expires January 25, 2017. You also earn 1.5 points per dollar on each qualifying purchase of $5,000 or more, up to 1 million additional points per year. These rewards do come with a cost–the annual fee is $450. Get more details here.
  • The Business Gold Rewards Card from American Express OPEN: This card has an interesting reward program. First, earn 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within your first 3 months. Then you get to choose 1 out of 5 categories to earn 3x points. You’ll get 2x points on the remaining 4 spending categories, and 1x points on other purchase. There is a $0 introductory annual fee for the first year, then $175. Get more details here.
  • The Blue for Business® Credit Card from American Express: This card is running a special on restaurant purchases. Earn 10X points at U.S. restaurants for the first six months, on up to $2,000 in purchases (Offer expires 02/01/2017). You also earn 2X points on all qualifying purchases on the first $50,000 for the first year. Finally, get 10,000 Membership Rewards® points after making your first purchase on the Card within your first 3 months. Also, there is no annual fee on this card. Get more details here.
  • SimplyCash® Plus Business Credit Card from American Express: With this card, Amex is offering a special $500 cash back bonus. You’ll earn a $250 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months. You’ll earn an additional $250 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year. Offer Expires 01/25/2017. In addition, you’ll earn up to 5% cash back on purchases, depending on category and spending caps. This card also has no annual fee. Get more details here.

 

Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit or charge card prior to applying.

Updated February 22, 2017 and originally published February 22, 2012. If you enjoyed this article receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
avatar
About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 8 comments… read them below or add one }

avatar 1 Anonymous

Thanks for sharing this information. It is very important to do your homework when deciding on which credit card to use. The information in this post is great for side-by-side comparison of cards and rates.

Reply to this comment

avatar 2 Anonymous

Looking into the Chase Ink with Ultimate Rewards. Would love a card that gives me travel perks :)

Reply to this comment

avatar 3 Anonymous

We currently use Ink Cash Business for our company & have for a while. We use it for a lot for business & sometimes have somewhat high balances, but have for years. About 3-4 years ago, our interest rate was around 12%. Now it is 25.99%. I just got off the phone with them trying to find out why. I was told “the high cost of lending money”, “the cost of the cards”, and a few others. We will be switching to a credit union. Be careful if you have monthly balances.

Reply to this comment

avatar 4 Anonymous

One awesome thing is that interest rates are sooooo low. Even though some credit companies are freaking out about having so much disclosure on their interest policies and pricing, it still ends up being advantageous to many small business owners. And when it comes down to it, that is who keeps our economy rolling.

Yay small business owners!

Reply to this comment

avatar 5 Anonymous

Thanks for sharing your reviews with us!

Reply to this comment

avatar 6 Anonymous

Even if you don’t plan on financing your business with a small business credit card, it is still very convenient to have one on hand. You don’t want to be putting miscellaneous business purchases on your personal credit card and then have to sort through it all later. Plus the fact that you can earn rewards or cash back with a business credit card just adds to the benefits.

Reply to this comment

avatar 7 Anonymous

You’ve made a mistake regarding the Plum Card. Yes, it is a charge card, but you don’t have to pay in full every month like most charge cards. It has 2 payment features: the early pay discount you described, and then the defer pay feature. It let’s you carry a balance, interest free, up to 60 additional days from the payment due date. It’s like a charge card/credit card hybrid. But better than credit cards in the sense that they won’t charge you interest for carrying a balance.

Reply to this comment

avatar 8 Anonymous

It is important to do as much research as possible before deciding to apply for business credit cards. The purpose that the card is going to used for is a prioirty. Then the reward structure and benefits can be matched against it.

Reply to this comment

Leave a Comment

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.