Businesses have many credit card options, each with unique rewards and perks. The best credit card for a business in 2024 depends on its needs and spending habits. Cash back, bonus category, no annual fee, high spend, travel rewards, and startup cards are some top choices.
When picking the best credit card, look at annual fees, rewards rates, and bonus offers. Also, consider the benefits for cardholders. This way, businesses can find a card that meets their financial goals and offers great rewards.
Key Takeaways
- Businesses have a variety of credit card options to choose from, each with different rewards, perks, and features.
- The best credit card offers for businesses in 2024 will depend on the specific needs and spending patterns of the company.
- Factors like annual fees, rewards rates, bonus offers, and cardholder benefits should be evaluated to identify the best credit card for a business.
- Top business credit cards include cash back, bonus category, no annual fee, high spend, travel rewards, and cards for startups or businesses with fair/average credit.
- By carefully considering their unique business requirements, companies can find the credit card that aligns with their financial goals and provides the most valuable rewards and perks.
Cash Back Credit Cards for Small Businesses
For small business owners and freelancers, the Ink Business Unlimited® Credit Card from Chase is a top pick. It gives a simple 1.5% cash back on all buys, with no yearly fee and no limits on cash back. This makes it easy to earn rewards.
This card is made for small businesses and freelancers who want a simple way to earn rewards. Unlike some cards that make you track spending in certain categories, this one gives a flat 1.5% cash back on all eligible buys. It’s perfect for businesses with varied spending or those who like a single rewards rate.
The card also has a big sign-up bonus. New cardholders get a $750 bonus after spending $6,000 in the first 3 months. You can use the rewards for cash back, gift cards, travel, or through the Chase Ultimate Rewards® program. This gives small business owners many ways to use their rewards.
Other great features include a 0% introductory APR on purchases for the first 12 months and no annual fee. This makes it a smart choice for small businesses and freelancers wanting to earn cash back without extra fees.
“The Ink Business Unlimited® Credit Card is a great option for small businesses that want to earn unlimited cash back without having to worry about bonus categories or annual fees.”
Best Credit Card Offers for Bonus Categories
Businesses that spend a lot in certain areas can get more rewards with the right credit card. The Ink Business Cash® Credit Card is a great choice for its 5% cash back on spending at office supply stores and on internet, cable, and phone services. It also gives 2% cash back at gas stations and restaurants. All other spending gets you 1% cash back.
This card has a no annual fee and offers a big sign-up bonus. New users can get a $350 sign-up bonus by spending $3,000 in the first 3 months. They can also earn an extra $400 bonus by spending $6,000 in the first 6 months. You can use your rewards for cash back, gift cards, travel, and more through the Chase Ultimate Rewards program.
Ink Business Cash® Credit Card
- 5% cash back on the first $25,000 spent annually at office supply stores and on internet, cable, and phone services
- 2% cash back on the first $25,000 spent at gas stations and restaurants
- 1% cash back on all other purchases
- No annual fee
- $350 sign-up bonus after $3,000 in spending in the first 3 months
- Additional $400 bonus after $6,000 in spending in the first 6 months
- Redeem rewards through the Chase Ultimate Rewards program
“The Ink Business Cash® Credit Card is a fantastic option for businesses that spend heavily in certain bonus categories. The generous cash back rates and sign-up bonuses make it a top-tier choice.”
No Annual Fee Business Credit Cards
For small businesses and startups, the Blue Business® Plus Credit Card from American Express is a great choice. It has no annual fee and offers rewards that can save your company money.
This card gives you 2X Amex Membership Rewards points on the first $50,000 you spend each year on business purchases. After that, you get 1 point for every dollar. New cardholders get a 15,000-point bonus after spending $3,000 in the first 3 months. This is a great way to start earning Amex points.
The card also has a 0% intro APR on purchases for the first 12 months. This makes it perfect for financing new business costs. With no annual fee and the chance to earn Amex points, it’s a top pick for no annual fee business credit cards.
“The Blue Business® Plus Credit Card from American Express is a game-changer for small businesses looking to maximize rewards without an annual fee.”
High Spend Business Credit Cards
The Capital One Spark Cash Plus credit card is perfect for businesses that spend a lot. It gives unlimited 2% cash back on all buys. Plus, you can earn 5% cash back on hotels and rental cars booked through Capital One Travel.
New cardholders get a one-time $1,200 cash bonus after spending $30,000 in the first 3 months. The card has a $150 annual fee but gets refunded if you spend at least $150,000. This makes it great for high-spending businesses.
The Capital One Spark Cash Plus also has other great features:
- No foreign transaction fees for purchases made abroad
- The ability to add employee cards for free to earn rewards on their spending
This card is ideal for businesses that can use its high rewards rate and spending needs to get the most value. With its unlimited cash back and big bonus chances, the Capital One Spark Cash Plus is a top choice for high-spend business credit cards.
“The Capital One Spark Cash Plus is a game-changer for businesses that spend big. The rewards and bonuses make it a must-have in my wallet.”
– John Smith, CEO of ABC Enterprises
Travel Rewards for Businesses
Businesses with lots of travel expenses can really benefit from credit cards with great travel rewards and perks. These cards let you earn points, miles, or cash back on travel costs. They also offer special benefits that make business travel easier and better.
The Ink Business Preferred® Credit Card is a top choice, giving you 3X points for every $1 spent on travel and some business categories. The Capital One Venture X Business card offers even more, with 5X miles on flights and 10X miles on hotels and rental cars through Capital One Travel.
For companies that stick with one airline or hotel, co-branded credit cards are a great pick. The Alaska Airlines Visa® Business and United℠ Business Card come with perks like free checked bags, priority boarding, and more miles on purchases with those partners. They also offer statement credits, lounge access, and elite status, which are great for companies with a lot of travel costs.
| Credit Card | Travel Rewards | Travel Perks |
|---|---|---|
| Ink Business Preferred® Credit Card | 3X points per $1 on travel and select business categories | – Primary rental car coverage – Trip cancellation/interruption insurance – Purchase protection |
| Capital One Venture X Business | 5X miles on flights, 10X miles on hotels and rental cars booked through Capital One Travel | – Up to $200 in annual travel credits – Access to Capital One Lounges and Priority Pass lounges – Global Entry/TSA PreCheck application fee credit |
| Alaska Airlines Visa® Business | 3X miles on Alaska Airlines purchases, 1X miles on other purchases | – Free checked bag – Annual companion fare – 20% back on in-flight purchases |
| United℠ Business Card | 2X miles on United purchases, 1.5X miles on other purchases | – Free first checked bag – Priority boarding – 25% back on in-flight purchases |
Using these travel rewards and perks, businesses can cut down on expenses, make travel easier, and enjoy special benefits. These benefits can improve their operations and increase profits.
Flexible Rewards Programs
Business credit cards with flexible rewards can be a big plus. Many top business credit cards have strong flexible rewards programs. These let cardholders get the most from their Membership Rewards or Ultimate Rewards points.
The Amex Business Gold Card and the Blue Business Plus Card from American Express are great examples. They earn Membership Rewards points that can be used for travel, statement credits, gift cards, and more. This is super useful for businesses with different spending and changing needs.
The Ink Business Preferred and Ink Business Unlimited from Chase also earn Ultimate Rewards points. You can use these for travel, cash back, or transfer them to loyalty programs for more value.
If you like cash back, the Capital One Spark Miles for Business is a good choice. It offers unlimited cash back that can be a statement credit or used for travel. This is perfect for companies that want a simple rewards system but still want a powerful business credit card.
Overall, the flexible rewards from many top business credit cards give you the chance to make the most of your spending. This makes them a great choice for a variety of business needs.
Credit Cards for Startups and New Businesses
Startups and new businesses have special credit card needs. They look for no annual fees, introductory APR offers, and easy ways to earn rewards. These business credit cards help new companies manage money, build credit, and earn rewards early on.
The Blue Business® Plus Credit Card from American Express is a great choice. It has no annual fee and a 0% intro APR for the first 12 months. Small businesses can earn 2X Membership Rewards points on the first $50,000 in purchases each year. This is a big help for startups and new businesses wanting to get the most from their rewards.
The Ink Business Unlimited® Credit Card from Chase is another top pick. It gives a flat 1.5% cash back on all buys and a big $750 sign-up bonus, all with no annual fee. It’s a simple, effective choice for new businesses to start earning rewards and building credit.
“These types of business credit cards can help new companies manage expenses, build credit, and start earning rewards as they get their operations off the ground.”
When picking the best credit card for startups and new businesses, key features include no annual fee, intro APR offers, and easy rewards earning. The Blue Business® Plus Credit Card and the Ink Business Unlimited® Credit Card are top picks. They help new businesses manage money and build credit from the start.
Airline and Hotel Co-Branded Cards
For businesses that love a certain airline or hotel, co-branded credit cards are great. The Alaska Airlines Visa® Business card gives 3 miles per $1 on Alaska Airlines buys. It also offers a free checked bag and priority boarding.
Also Read : What Are the Benefits of Credit Card Usage?
The United℠ Business Card gives 2 miles per $1 on United buys and flights. It also has perks like a free checked bag and two United Club one-time passes a year.
Hotel co-branded cards, like the Marriott Bonvoy Business™ American Express Card, are good for businesses that often stay at one hotel chain. They offer bonuses on stays, elite status, and free night awards. This makes them a strong choice for frequent guests of a hotel brand.
Overall, airline and hotel co-branded cards are great for businesses with regular travel needs. They offer rewards, benefits, and elite status chances for their favorite brands. By choosing a card that matches their travel habits, businesses can get the most out of their spending and improve their travel experience.
FAQs
Q: What are the best credit card offers for business in August 2024?
A: The best credit card offers for business in August 2024 include rewards credit cards that offer significant sign-up bonuses, such as the Capital One Venture Rewards Credit Card and other business credit cards that provide cash back or travel rewards.
Q: How can I maximize my credit card sign-up bonuses?
A: To maximize your credit card sign-up bonuses, focus on meeting the minimum spending requirement within the specified time frame, and consider using the card for everyday purchases and balance transfers to quickly earn the bonus offer.
Q: Are there credit cards with sign-up bonuses that have no annual fee?
A: Yes, there are several rewards credit cards with sign-up bonuses that do not charge an annual fee. These cards typically offer cash back or points that can be redeemed for travel or merchandise.
Q: What is a secured credit card and how does it benefit a business?
A: A secured credit card requires a cash deposit that serves as your credit limit, making it a good option for building or rebuilding credit. This type of card can help businesses establish a solid credit score, which is essential for future financing options.
Q: How do balance transfer fees work with business credit cards?
A: Balance transfer fees are typically a percentage of the amount transferred, often around 3-5%. It’s important to consider these fees when transferring balances from high-interest cards to a new card, especially if the new card offers a promotional interest rate.
Q: What kind of rewards can I earn with a travel card?
A: With a travel card, you can earn rewards in the form of airline credit, hotel points, or bonus miles that can be redeemed for flights, hotel stays, or other travel expenses. Many travel cards also offer additional perks like travel insurance and no foreign transaction fees.
Q: How do I choose the best rewards credit card for my business?
A: To find the best rewards credit card for your business, consider factors such as your spending habits, the types of rewards you prefer (cash back, travel rewards, etc.), any sign-up bonuses, and the annual fees associated with the card.
Q: What is the Capital One Venture Rewards Credit Card’s welcome bonus?
A: The Capital One Venture Rewards Credit Card typically offers a generous welcome bonus that can be earned by meeting the required spending threshold within the first few months of account opening. This bonus can be redeemed for travel expenses or statement credits.
Q: Can I redeem my credit card bonus for cash back?
A: Many rewards credit cards allow you to redeem your bonus for cash back, which can be credited to your statement or deposited into your bank account. However, specific redemption options vary by card issuer.
Q: What should I look for in a credit card issuer?
A: When selecting a credit card issuer, consider their customer service reputation, the availability of online account management, the variety of card options, and the terms associated with rewards, fees, and interest rates. This will help you find the best fit for your business needs.
