Credit cards can be a critical tool for small businesses. They allow business owners to separate their company expenses from their personal purchases while offering valuable rewards and benefits.
A small business credit card works nearly identically to credit cards for consumers. Like a consumer credit card, a small business credit card requires the personal guarantee of the primary account holder, in this case the small business owner. The card issuer will also report the account's balance and payment information to the major consumer credit bureaus. To apply for a small business card, you must operate a small business—but it doesn't have to be incorporated.
Find the right small business credit card for your needs below.
APR: 18.24%—23.24% variable
This Card Is Right for You If: You want a big sign-up bonus.
With this card, you'll earn 3 points per $1 spent on the first $150,000 in combined purchases on travel, shipping, internet, cable and phone services, and on advertising purchases made with social media sites and search engines, each account anniversary year. You'll also earn 1 point per $1 spent on all other purchases. Points do not expire as long as your account is open. The sign-up bonus is where this card really shines: You'll get 80,000 bonus points after you spend $5,000 on purchases in the first three months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®. This card has an annual fee of $95.
APR: 20.49% variable
This Card Is Right for You If: You travel frequently and want elite benefits.
If you travel often, it may be worth it to pony up the $595 annual fee for this card. You earn 5 Membership Rewards® points per $1 spent on flights and prepaid hotels at amextravel.com and 1 point per $1 spent on other eligible purchases. You can also earn up to 75,000 bonus points: 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 on qualifying purchases on the Business Platinum Card within your first three months of account opening. You're also rewarded for big purchases: You'll earn 1.5 points per $1 spent on eligible purchases of $5,000 or more (you can get up to 1 million additional points per year).
Travel is made easier thanks to a $200 statement credit per calendar year for baggage and other fees on the airline of your choice, as well as access to 1,200 airport lounges in 300 countries around the world. Other perks include an annual $200 statement credit on Dell purchases, as well as one year of complimentary Platinum Global Access from WeWork.
APR: 19.24% variable
This Card Is Right for You If: You want flat-rate cash back.
Looking for cash back? You can't do much better than this card, which offers unlimited 2% cash back on all purchases. You can redeem rewards at any time, without any minimums. You'll also earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first three months of account opening. The annual fee is $95, but it's waived the first year. If you spend more than $4,750 on the card each year, it will pay for the annual fee itself.
APR: 15.49% to 21.49% variable
This Card Is Right for You If: You need a 0% intro APR.
If you're looking for a business credit card that offers a 12-month introductory 0% APR, this is a good pick. After that intro period, your APR will be a variable rate based on your creditworthiness. There's no annual fee for this card, and you'll earn 2 Membership Rewards® points per $1 spent on the first $50,000 in purchases each year (1 point per $1 spent after that).
The information related to the credit cards featured in this article has been collected by Experian and has not been reviewed or provided by the issuers of these cards.