The Best Business Credit Cards of 2018

The Best Business Credit Cards of 2018

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Looking for the best business credit cards of 2018? Look no farther. We’ve evaluated business credit cards in various categories so you can choose which one works best for you based on your business spending habits.

The Best Small Business Credit Cards

Why use a small business credit card?

In addition to providing a great source for emergency cash, the best business credit cards offer a few additional perks.

  1. Minimize the impact on your personal credit. Businesses tend to make larger purchases than individuals. If you end up with large outstanding balances on your personal card because of business expenses, your personal credit score could take a hit. Use a business credit card that doesn’t report to personal credit bureaus and, as long as you are on time with your payments, your personal credit will not be affected. (Some business credit card providers will report your payments to personal credit bureaus. Find out which ones do here.)
  2. Build your business credit. Making on-time payments on your card can help you build strong business credit scores, allowing you to secure lower rates and longer repayment terms on business financing, as well as better terms with your vendors and suppliers.
  3. Protect your business. Business credit cards offer more protection than business debit cards, so it’s in your best interest to use a business credit card over a debit card for business purchases. The Truth in Lending Act, for example, which caps maximum liability for fraudulent purchases at $50, usually covers the unauthorized use of business credit cards, but does not apply to business debit cards.

Along with the above benefits, rewards offer attractive benefits to some business credit cards. Rewards come in many forms—points, miles, cash back—so we’ve split the top cards out by category below.

Best Cash-Back Business Credit Cards

1. Ink Business Cash℠ Credit Card

Ink Business Cash℠ Credit Card

Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account Learn More

Chase’s Ink Business Cash Credit Card makes sense for business owners who make significant purchases of office supplies and telecommunications services. The card offers a 0% Intro APR on Purchases for 12 months and a $0 annual fee.

The rewards system for this card allows cardholders to earn Earn 5% cash back in select business categories., like phone, internet, and cable. An additional 2% per dollar spent can be earned on on gas and dining (up to $25,000 annually), and 1% back on all other purchases.

One of the neat perks of this card is that cash-back rewards are offered as points in Chase’s Ultimate Rewards program. This means your points can be redeemed for one cent each as cash back, but if you also have a Chase Sapphire Preferred or Sapphire card, you also have the option to transfer your points to airline and hotel partners.

2. SimplyCash® Plus Business Credit Card from American Express

SimplyCash® Plus Business Credit Card from American Express
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Terms, Rates & Fees

SimplyCash® Plus Business Credit Card from American Express

Special offer: save on interest with a 0% intro APR on purchases for 15 months; after that Learn More

This card is ideal for those who like to choose which purchases they earn the most cash back from. It offers 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores. 3% on the category of your choice from a list of eight and 1% cash back on other purchases. 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% thereafter. Cash back received is automatically credited to your statement..

Additional benefits include an introductory APR of 0% on purchases for 15 months.

3. Bank of America Business Advantage Cash Rewards Mastercard Credit Card

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Get a $200 statement credit when you make at least $500 in net purchases within 60 days of Learn More

This is a great card for business owners who want to earn additional rewards at restaurants, gas stations and office supply stores, a great combo fit for road warriors. Perks include:

  • 3% cash back on purchases at gas stations and office supply stores (up to $250,000 annually).
  • 2% cash back on purchases at restaurants.
  • 3% cash back on purchases at gas stations and office supply stores (up to $250,000 each calendar year, 1% after that), 2% cash back on purchases at restaurants, and 1% cash back on all other purchases..

The card comes with a $0.00 annual fee, an intro APR of 0% for 9 billing cycles, and is available to applicants with excellent credit. Cash back can only be redeemed in $25 increments.

Best Travel Rewards Business Credit Cards

1.Ink Business Preferred℠ Credit Card

Ink Business Preferred℠ Credit Card

Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. Learn More

This Chase card is ideal for earning the most rewards for your frequent business purchases. It features:

  • Great rewards: Earn 3 points per $1 in select business categories..
  • $0 foreign transaction fee.
  • A killer intro offer: Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

Points are earned in Chase’s Ultimate Rewards program, and can be redeemed for 1.25 cents each towards travel booked through Chase’s Ultimate Rewards website. Or points can be transferred to miles with seven different frequent-flyer programs or points with four different hotel programs. It also features a wide range of travel insurance and purchase protection policies. There’s a $95 annual fee for this card.

2.The Business Platinum® Card from American Express OPEN

The Business Platinum® Card from American Express OPEN
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Terms, Rates & Fees

The Business Platinum® Card from American Express OPEN

Welcome Offer: Earn up to 75,000 Membership Rewards® points. Earn 50,000 Membership Rewards® points after you spend $10,000 Learn More

Serious business travelers need to consider this card. The Business Platinum Card From American Express offers numerous premium travel benefits including access to three different airport lounge networks — Priority Pass Select, Delta SkyClubs and the American Express Centurion Lounges. You also receive Gold Status when you sign up for the Starwood Preferred Guest program. Other perks include:

  • A great welcome offer: Earn up to 75,000 Membership Rewards® points. Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.
  • A credit towards the Global Entry application fee, which includes access to the TSA PreCheck program.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com. Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year..
  • No foreign transaction fees.

Points are earned in the American Express Membership Rewards program, which offers transfers to miles with 17 different frequent flier programs. There’s a $450 annual fee for this card.

Best Balance Transfers Business Credit Cards

Balance transfer or 0% APR credit cards are great for businesses that need to transfer business debt from a personal credit card or other expensive form of financing onto a business credit card.

1.The Blue Business Plus Credit Card From American Express

The Blue Business℠ Plus Credit Card from American Express
American Express is a Nav Partner
Terms, Rates & Fees

The Blue Business℠ Plus Credit Card from American Express

Limited Time Offer. Earn 10,000 extra Membership Rewards® points after you spend $3,000 in eligible purchases on Learn More

This card has a 0% on purchases for 15 months, plus $0 annual fee.

Cardholders have the ability to Earn 2X points on everyday business for the first $50,000 in purchases per year, 1 point per dollar thereafter.

2. GM BuyPower Business Card From Capital One

GM BuyPower Business Card from Capital One®

3% Earnings on purchases at gas stations, restaurants, and office supply stores; 1% Earnings on all other Learn More

This new card offers a ton for small business owners, including introductory financing and rewards that can be used for the lease or purchase of a new GM vehicle. You’ll get 0% Intro APR on purchases for the first 12 months, followed by a standard 18.74% (Variable) APR. Other perks include:

  • Lots of rewards! 5% Earnings on purchases of GM parts, accessories and service at authorized GM Dealers. 3% Earnings on purchases at gas stations, restaurants and office supply stores. 1% Earnings on all other purchases..
  • $0 annual fee.
  • No foreign transaction fee.

The Best Business Charge Cards

A charge card functions similar to a credit card but requires that the charges be paid in full each month the card is used. Thus, a charge card does not carry a typical APR, but there are fees for missed or late payments. Business charge cards can offer great rewards and, if you’re diligent about making payments, help you build business credit.

American Express is the last major U.S. charge card issuer. Here are our top two charge card picks:

1. The Business Gold Rewards Card® from American Express

The Business Gold Rewards Card from American Express OPEN
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Terms, Rates & Fees

The Business Gold Rewards Card from American Express OPEN

Welcome Offer: Earn 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within Learn More

This card holds the top charge card spot because of it’s great reward structure: 3x rewards on one of five categories, 2x points on the remaining four categories, 1x points on other purchases. 3X and 2X apply to the first $100,000 in purchases in each of the 5 categories per year, 1X point per dollar thereafter.

It also carries a great Earn 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within your first 3 months of Card Membership. There is, however, an annual fee for this card: $0 introductory annual fee for the first year, then $175

2. The Business Green Rewards Card® from American Express

Business Green Rewards Card from American Express OPEN
American Express is a Nav Partner
Terms, Rates & Fees

Business Green Rewards Card from American Express OPEN

Earn 5,000 Membership Rewards® points after your first purchase on the Card. Earn double Membership Rewards® Learn More

The rewards on this card are not as attractive as those on the Business Gold Rewards card, however there is a lower annual fee ($0 introductory annual fee for the first year, then $95). Earn 5,000 Membership Rewards® points after your first purchase on the Card.

Best Platinum Rewards Business Credit Cards

Some small business credit card issuers like to assign the word “platinum” to their premium rewards cards. While these cards offer great rewards, they usually require excellent personal credit to qualify and come with a hefty annual fee. For businesses that can qualify, the fee is sometimes worth it for rewards offered—here are a couple to consider:

1.The Business Platinum® Card from American Express

The Business Platinum® Card from American Express OPEN
American Express is a Nav Partner
Terms, Rates & Fees

The Business Platinum® Card from American Express OPEN

Welcome Offer: Earn up to 75,000 Membership Rewards® points. Earn 50,000 Membership Rewards® points after you spend $10,000 Learn More

This is probably the most-talked about platinum card for businesses. Right now they have a Earn up to 75,000 Membership Rewards® points. Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.

This card also offers:

  • Great points perks: Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com. Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • Access to over 1,000 airport lounges
  • Credits for travel related expenses: $200 annual airline fee credit and $100 towards the Global Entry application
  • Foreign transaction fee: None

The biggest blocker to getting this card for some business owners is the $450 annual fee.

2. Platinum Delta SkyMiles® Business Credit Card

Platinum Delta SkyMiles® Business Credit Card from American Express
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Terms, Rates & Fees

Platinum Delta SkyMiles® Business Credit Card from American Express

Earn 70,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your Learn More

This one’s lower on the list than the The Business Platinum Card from American Express because it is specifically designed for frequent Delta travelers. Right now new cardholders can Earn 70,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months.

Other perks include:

  • Travel rewards: Earn 2 Miles per dollar spent on purchases made directly with Delta. Earn 1 mile on every eligible dollar spent on purchases.
  • Foreign transaction fees: None
  • Delta travel benefits: free checked bag, priority boarding, and 20% off in-flight food and beverages. Plus, you’ll get a companion certificate each year you hold the card, good for one domestic round-trip ticket.

This card has a $195 annual fee, which is still high but a fraction of the annual fee on the Business Platinum card.

Best Low-Fee Business Credit Cards

1. Capital One® Spark® Cash Select for Business

Capital One® Spark® Cash Select for Business

Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your Learn More

This card tops the low-fee list because there’s a $0 annual fee, no foreign transaction fees, and new cardholders receive 0% on purchases for 9 months. Another perk to the Spark Cash Select card is the basic, yet unlimited rewards structure: 1.5% Cash Back on every purchase, every day.

2. SimplyCash® Plus Business Credit Card from American Express

SimplyCash® Plus Business Credit Card from American Express
American Express is a Nav Partner
Terms, Rates & Fees

SimplyCash® Plus Business Credit Card from American Express

Special offer: save on interest with a 0% intro APR on purchases for 15 months; after that Learn More

The Simply Cash Plus Business Credit Card offers a $0 annual fee, plus new cardholders get 0% on purchases for 15 months. This card does have a foreign transaction fee of 2.7% of each transaction after conversion to US dollars., but this card offers great rewards and made our list of best cash-back cards.

3. Ink Business Cash℠ Credit Card

Ink Business Cash℠ Credit Card

Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account Learn More

The Ink Business Cash℠ Credit Card made the top of our list for cash-back cards, but it also offers low fees: $0 and a 0% Intro APR on Purchases for 12 months. This card does have a foreign transaction fee of 3% of each transaction in U.S. dollars

Best Credit Builder Business Credit Cards

Depending on your credit, the best bet to find a credit builder business credit card might be to find a secured credit card. A secured credit card requires the holder to provide a cash collateral deposit that secures the credit limit of the card (or possibly more, depending on the card). These secured cards generally have low to no annual fee, but a pretty high penalty APR. If you have a bad credit score or no credit score, secured credit cards are a solid bet.

One good option for a secured business credit card is the Wells Fargo Business Secured Card.

1. Wells Fargo Business Secured Card

This card allows cardholders to secure a credit limit between $500 and $25,000. The amount available is equal to the amount of cash you provide to secure the line. The purchase APR rate can be as low as a variable 13.15%, and the annual fee is $25 per card.

This card allows business owners with poor personal credit to secure a card to make purchases and establish your business credit. This card will only report to personal credit bureaus if you default or are late on payments.

If you have fair credit, the Capital One Spark Classic for Business card could be a great option.

2. The Capital One Spark Classic for Business

Capital One® Spark® Classic for Business

Enjoy no annual fee. Earn 1% cash back on every purchase, every day. Build business credit Learn More

The Capital One Spark Classic for Business card allows cardholders to earn rewards without needing excellent personal credit scores to qualify. Business owners who make on time payments and keep their balances low can build strong business credit scores, however your payment history on this card may be reported to personal credit reporting agencies and affect your personal credit scores.

Other perks include:

  • $0 annual fee.
  • Rewards rate of 1% Cash Back on every purchase, every day..

Which Business Credit Card Is Right for You?

If you are a business owner and do not yet have a small business credit card, you should strongly consider making the time to research options and find a card that is right for you. Identify your main motivation for making purchases on credit (i.e. earn rewards, build credit for a future loan, use it as a short-term financing option, etc.), and find out where your credit scores stand (you can check your personal and business credit scores for free on Nav). This will help you narrow the field and begin comparing some of the best business credit cards on the market.

Related Card Articles

  1. Know These 8 Things Before You Get a Business Credit Card
  2. Business Credit Cards for Bad Credit
  3. Best Business Credit Cards for Startups

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About the Author — Lydia serves as Content Manager for Nav, which provides business owners with simple tools to build business credit and access to lending options based on their credit scores and needs.

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