Hey there, entrepreneurial rockstars! Running a small business is no small feat, and having the right credit card can make a world of difference. From earning rewards on everyday purchases to managing cash flow and expenses, a great business credit card is a must-have tool in your business arsenal. Today, we’re spotlighting the best credit cards for small business owners in 2024, designed to help you maximize rewards, save money, and keep your business finances in tip-top shape. Ready to find the perfect card for your business? Let’s dive in!
1. Chase Ink Business Preferred® Credit Card
The Chase Ink Business Preferred® Credit Card is a top choice for small business owners who want to earn big on their business expenses and enjoy flexible redemption options.
Key Benefits:
- Sign-Up Bonus: Earn 100,000 bonus points after spending $15,000 in the first 3 months.
- Earning Rates: Earn 3x points on the first $150,000 spent in combined purchases on travel, shipping, internet, cable, phone services, and advertising purchases made with social media sites and search engines each account anniversary year; 1x point on all other purchases.
- Points Value: Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards.
- Travel and Purchase Protections: Includes trip cancellation/interruption insurance, primary rental car insurance, and purchase protection.
Annual Fee:
- $95
2. American Express® Business Gold Card
The American Express® Business Gold Card is ideal for businesses with high spending in specific categories, offering great rewards and flexible payment options.
Key Benefits:
- Sign-Up Bonus: Earn 70,000 Membership Rewards points after spending $10,000 in the first 3 months.
- Earning Rates: Earn 4x points on the 2 categories where your business spends the most each month (from a list of 6 categories, including airfare, advertising, gas, shipping, restaurants, and computer hardware/software/cloud computing), on up to $150,000 in combined purchases each year; 1x point on other purchases.
- Flexible Payment Option: Choose to carry a balance with interest on eligible charges of $100 or more.
Annual Fee:
- $295
3. Capital One Spark Cash for Business
The Capital One Spark Cash for Business is perfect for business owners who prefer straightforward, unlimited cash back on every purchase.
Key Benefits:
- Sign-Up Bonus: Earn a $500 cash bonus after spending $4,500 in the first 3 months.
- Earning Rates: Earn unlimited 2% cash back on all purchases, with no limits or categories.
- Employee Cards: Free employee cards, with all spending earning cash back.
Annual Fee:
- $0 intro annual fee for the first year, then $95
4. Ink Business Unlimited® Credit Card
The Ink Business Unlimited® Credit Card offers simple, straightforward cash back rewards, making it a great choice for small business owners who want to keep things uncomplicated.
Key Benefits:
- Sign-Up Bonus: Earn $750 bonus cash back after spending $6,000 in the first 3 months.
- Earning Rates: Earn unlimited 1.5% cash back on every purchase.
- Intro APR: 0% introductory APR for 12 months on purchases, then a variable APR.
Annual Fee:
- $0
5. American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card is a solid option for small business owners looking for cash back rewards and flexible spending limits.
Key Benefits:
- Sign-Up Bonus: None
- Earning Rates: Earn 2% cash back on all eligible purchases, up to $50,000 per calendar year, then 1% thereafter.
- Flexible Spending Limit: The card adjusts your spending limit based on your payment history, credit record, and other factors.
- Intro APR: 0% introductory APR for 12 months on purchases, then a variable APR.
Annual Fee:
- $0
Final Thoughts
Choosing the best credit card for your small business depends on your spending patterns and financial needs. Whether you want to earn substantial rewards in specific categories, enjoy unlimited cash back, or take advantage of flexible spending limits and payment options, there’s a card out there that’s perfect for your business. Consider the sign-up bonuses, earning rates, annual fees, and additional perks to find the card that will help your business thrive. Here’s to your continued success and savvy spending!
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