When considering the best cash-back credit cards for businesses, we compared not only the various earning structures but the overall combination of benefits each card offered. We went through dozens of options and considered the following factors when it came time to cherry-pick our top choices: rewards rate, credit card fees, ease of use, welcome offers and cardholder perks.
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Best Cash Back Business Credit Cards Of April 2022
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.
Savvy business owners use business credit cards to earn cash back on all expenses. Credit cards in this category typically award business owners a percentage of spending as a cash-back reward, which is a nice perk for those who pay credit card bills in full each month.
If you’re in the market for a new business credit card, Forbes Advisor created this guide to help you find the best business credit card for your particular circumstances.
Read more
Show Summary
Best Cash Back Business Credit Cards
- Ink Business Unlimited® Credit Card: Best Overall
- Wells Fargo Business Elite Signature Card *: Best for Business with High Sales Volume
- Ink Business Cash® Credit Card: Best for Bonus Categories
- Amazon Business Prime American Express Card *: Best for Amazon Expenses
- American Express Blue Business Cash™ Card: Best Cash Back for Small Businesses
- U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®: Best for Typical Business Expenses
- U.S. Bank Business Leverage® Visa Signature® Card *: Best for Varied Expenses
- Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card: Best for Choice of Categories
- Wells Fargo Business Platinum Credit Card *: Best for Choosing Your Own Rewards
Best Overall
Ink Business Unlimited® Credit Card
Apply Now ![]()
On Chase Bank USA, NA's Website
Apply Now ![]()
On Chase Bank USA, NA's Website
1.5% Reward Rate
Earn unlimited 1.5% Cash Back rewards on every purchase made for your business
Welcome Bonus
Earn $750 bonus cash back
Annual Fee
$0
Regular APR
13.24% - 19.24% Variable
Credit Score
Excellent, Good (700 - 749)
Why We Picked It
Busy business owners will appreciate this card's simple flat-rate rewards program which doesn't require time to manage and optimize.
Pros & Cons
- Unlimited 1.5% cash back rewards on purchases
- No annual fee
- Generous welcome bonus
- 0% Intro APR on Purchases for 12 months
- Cash back awarded as Ultimate Rewards, which can be combined with Premium Chase credit card accounts for better reward redemption options
- High foreign transaction fees
- Not a good card for balance transfers
Card Details
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best for Business with High Sales Volume
Wells Fargo Business Elite Signature Card *
Up to 1.5X Reward Rate
Earn 1.5% cash back on every $1 spent3 or earn 1 point on every $1 spent and receive 5,000 bonusRead More
Welcome Bonus
100,000 points
Annual Fee
$125 annual fee (waived first year)
Regular APR
7.49% variable APR on purchases
Credit Score
Good/Excellent (700 - 749)
Why We Picked It
Only for businesses with annual sales over $1 million who require robust employee spending control and reporting. For others, better options are available.
Pros & Cons
- Excellent benefits and perks, like travel insurance
- No foreign transaction fees
- Up to 200 no-extra-cost employee cards
- $125 Annual fee (waived first year)
- Other cards in the the same category offer higher rewards
- Cash back is only credited to your account quarterly
Card Details
- Earn a one-time $1,000 cash back bonus or 100,000 bonus points when you spend $15,000 in the first three months of account open date
- Earn 1.5% cash back on every $1 spent or earn 1 point on every $1 spent and receive 5,000 bonus points when your company spend is $10,000 or more in any monthly billing period
- Travel Incidental Fee Reimbursement: up to $100 per calendar year per company
- Annual Fee: $0 first year, and then $125
Earn a one-time $1,000 cash back bonus or 100,000 bonus points when you spend $15,000 in the first three months of account open date
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best for Bonus Categories
Ink Business Cash® Credit Card
Apply Now ![]()
On Chase Bank USA, NA's Website
Apply Now ![]()
On Chase Bank USA, NA's Website
Up to 5% Reward Rate
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cableRead More
Welcome Bonus
Earn $750 bonus cash back
Annual Fee
$0
Regular APR
13.24% - 19.24% Variable
Credit Score
Excellent, Good (700 - 749)
Why We Picked It
Offers enticing cash rewards for those with significant business-related spending, with an added bonus of 0% introductory APR on purchases for the first 12 months of opening your account.
Pros & Cons
- No additional fee for employee cards
- High rewards rates in select bonus categories
- Generous welcome bonus
- Very high fee for cash advances & balance transfers
- Spending cap on bonus categories
- Low rewards rates outside of bonus categories
Card Details
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best for Amazon Expenses
Amazon Business Prime American Express Card *
Up to 5X Reward Rate
Earn 5% Back or 90 Days Terms on eligible U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods MarketRead More
Welcome Bonus
Earn up to $125 back
Annual Fee
$0
Regular APR
14.49% - 22.49% variable
Credit Score
Good/Excellent (700 - 749)
Why We Picked It
If your business spends heavily on Amazon.com, AWS, or Whole Foods, this card's 5% back is an unbeatable reward — more so with no annual fee. If short-term cash flow is an issue, you have the option to swap the 5% back for 90-day 0% APR financing on any eligible purchase. There is no 0% intro APR offer, and the standard APR is high, so this card isn't suitable for long-term financing.
Pros & Cons
- No foreign transaction fee
- Free employee cards include purchase controls
- On each eligible purchase, choose 5% back or 90-day terms at Amazon & Whole Foods
- High penalty APR
- Amazon Prime membership required
- No intro APR offer
- Standard APR can be high, depending on your credit
Card Details
- Get an Amazon.com Gift Card upon approval for the Amazon Business Prime American Express Card
- No annual fee
- Choose 5% Back or 90 Days Terms on eligible U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market with an eligible Prime membership
- Earn 2% Back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers
- Earn 1% Back on other purchases
- 5% back applies to the first $120,000 in purchases each calendar year, 1% thereafter
- Expense management tools, including Account Manager, Employee Cards, Account Alerts, AMEX Business App, Vendor Pay, and Year-End Summary
- Amex ranked #2 in the 2018 J.D. Power U.S. Credit Card Satisfaction Study℠
Get an Amazon.com Gift Card upon approval for the Amazon Business Prime American Express Card.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Cash Back for Small Businesses
American Express Blue Business Cash™ Card
Apply Now ![]()
On American Express's Website
Apply Now ![]()
On American Express's Website
Up to 2% Reward Rate
Earn 2% Cash Back on all eligible purchases on up to $50,000 per calendar year; Earn 1% Cash Back onRead More
Welcome Bonus
Earn a $250 statement credit
Annual Fee
No annual fee
Regular APR
13.49% - 21.49% Variable
Credit Score
Excellent/Good (700 - 749)
Why We Picked It
Considering there's no annual fee, the American Express Blue Business Cash™ Card pays off for business owners who spend $50k or less per year. Just don't use the card overseas, as the foreign transaction fee eclipses the cashback rewards.
Pros & Cons
- No annual fee
- Introductory APR on purchases
- Great extra benefits like purchase protection and car rental insurance
- Business-oriented benefits like employee cards and authorized management accounts
- Highest-earning cash back reward capped after $50,000 in annual spending
- High foreign transaction fees
- No low introductory APR for balance transfers
Card Details
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
- 0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.49% – 21.49%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
- See Rates & Fees
Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best for Typical Business Expenses
U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®
Apply Now ![]()
On U.S. Bank's Website
Apply Now ![]()
On U.S. Bank's Website
Up to 3% Cash Back
Earn 3% cash back on eligible purchases at gas stations, office supply stores, cell phone service providers and restaurants. EarnRead More
Welcome Bonus
$500
Annual Fee
$0
Regular APR
14.24% - 23.24% (Variable)
Credit Score
Excellent/Good (700 - 749)
Why We Picked It
Even without the balance transfer option the U.S. Bank Triple Cash Rewards is an attractive option with a generous welcome bonus and enhanced earnings in categories that align with many businesses' spending. The extended introductory 0% APR period is icing on an already tasty cake.
Pros & Cons
- No annual fee
- Earn 3% cash back on eligible purchases at gas stations, office supply stores, cell phone service providers and restaurants.
- Introductory APR on balance transfers
- Reward categories may not align with how some businesses spend
- Foreign transaction fee
- There’s a balance transfer fee which can eat into your savings when transferring a balance
Card Details
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
- Limited Time Offer: Earn $500 in cash back. Just spend $4500 on the Account Owner’s card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 14.24% – 23.24%.
- Great Offer from U.S. Bank, a 2021 World’s Most Ethical Company® – Ethisphere Institute, February 2021
Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best for Varied Expenses
U.S. Bank Business Leverage® Visa Signature® Card *
Up to 2X Reward Rate
Earn 2X points per dollar spent on eligible net purchases made in the top two categories where you spend theRead More
Welcome Bonus
75,000 bonus points
Annual Fee
$0 intro annual fee, then $95
Regular APR
16.24% - 21.24% variable
Credit Score
Excellent Credit (750 - 850)
Why We Picked It
For those who want to earn bonus rewards where they spend the most, but don't want the hassle of using different cards for different purchases, the U.S. Bank Business Leverage Visa offers a streamlined choice. You’ll automatically earn 2% in your top two spending categories every month, without any action required on your part. This could be a boon for business owners with varied spending patterns.
Pros & Cons
- Annual fee is waived the first year
- Earn 75,000 points worth $750 cash back by spending $7,500 in eligible net purchases on the account owner’s card within the first four months of account opening
- No foreign transaction fees
- Free employee cards
- $95 annual fee after the first year
- No major additional benefits
- Other cards earn higher rewards
Card Details
- Earn 75,000 points worth $750 cash back by spending $7,500 in eligible net purchases on the account owner’s card within the first four months of account opening.
- Earn 2% cash back in the top two categories where the most is spent each month automatically and 1% cash back per dollar spent on all other eligible purchases.
- Employee cards at no additional cost.
- $0 intro annual fee for the first year and $95 thereafter.
Earn 75,000 points worth $750 cash back by spending $7,500 in eligible net purchases on the account owner's card within the first four months of account opening.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best for Choice of Categories
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
Apply Now ![]()
On Bank of America - Consumer's Website
Apply Now ![]()
On Bank of America - Consumer's Website
Welcome Bonus
$300
Annual Fee
$0
Regular APR
12.49% - 22.49% Variable APR on purchases and balance transfers
Credit Score
Excellent Credit (750 - 850)
Why We Picked It
For business owners who max out the 50k annual spending on the bonus categories, the rewards are substantial for a no-annual-fee card. Preferred Rewards for Business members can make out like a bandit with the 25-75% rewards bonus. The foreign transaction fee means it's best to keep this card at home when traveling overseas.
Pros & Cons
- No penalty APR
- 3% cashback rate on the spending category of your choice
- Preferred Rewards for Business members earn a 25-75% bonus
- 3% foreign transaction fee
- 2% and 3% bonus categories have a combined annual spending cap of $50,000
- No intro APR offer for balance transfers
Card Details
- Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening – with no annual fee and cash rewards don’t expire.
- Earn 3% cash back in the category of your choice, 2% cash back on dining purchases and unlimited 1% cash back on all other purchases.
- You’ll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that’s currently 12.49% to 22.49% will apply.
- Redeem your cash back as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
- Earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% in your selected choice category and up to 3.5% on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- Contactless Cards – The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Get a $300 statement credit online bonus after you make at least $3,000 in net purchases within 90 days of your account opening
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best for Choosing Your Own Rewards
Wells Fargo Business Platinum Credit Card *
Up to 1.5X Reward Rate
Choose your rewards: Cash Back or Rewards Points. Cash Back option: Earn 1.5% cash back on every $1 spent; RewardRead More
Welcome Bonus
30,000 points
Annual Fee
$0
Regular APR
11.49% - 21.49% variable
Credit Score
Good/Excellent (700 - 749)
Why We Picked It
The Wells Fargo Business Platinum Credit Card is a solid everyday rewards card for small businesses — especially those in need of multiple employee cards. The 1.5% cashback option is a great offer. The reward points option, not so much.
Pros & Cons
- Earn 1.5% cash back or 1 point per dollar spent on every purchase
- Choose between earning cash back or points
- Introductory rate on purchases
- No annual fee
- No foreign transaction fees
- Option to earn points is weak
- Cash back is credited quarterly
Card Details
- Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date
- Choose your rewards: Cash Back or Rewards Points
- Cash Back option: Earn 1.5% cash back on every $1 spent
- Reward Points option: Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
- No required spending categories or caps
- Zero Liability Program: You’ll be fully reimbursed for unauthorized purchases or ATM transactions that are made with your Business Platinum Credit Card and reported promptly
- $0 annual card fee, plus up to 99 employee cards (no additional fee)
Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Here's a summary of the Best Cash Back Business Credit Cards
Credit Card
Credit Card
Best For
Credit Score
Annual Fee
Welcome Bonus
Best for Business with High Sales Volume
Good/Excellent
$125 annual fee (waived first year)
100,000 points
Best for Bonus Categories
Excellent, Good
$0
Earn $750 bonus cash back
Best for Amazon Expenses
Good/Excellent
$0
Earn up to $125 back
Best Cash Back for Small Businesses
Excellent/Good
No annual fee
Earn a $250 statement credit
Best for Typical Business Expenses
Excellent/Good
$0
$500
Best for Varied Expenses
Excellent Credit
$0 intro annual fee, then $95
75,000 bonus points
Best for Choice of Categories
Excellent Credit
$0
$300
Best for Choosing Your Own Rewards
Good/Excellent
$0
30,000 points
Methodology
The Best Cash Back Business Credit Cards
What Is a Business Credit Card?
A business credit card is any credit card designed for and issued to businesses. These cards often come with business-oriented benefits and rewards. Reward earning with business credit cards is often oriented at common business expense categories, including office supplies and internet or phone service.
Business credit cards may still require personal guarantees from primary cardholders in the event a business lacks sufficient business credit history or collateral. The cards may help smaller businesses including sole proprietorships keep owners’ personal and business expenses separate.
Business Credit Cards vs. Personal Credit Cards
It may be tempting to opt for a personal card instead of a business card, especially considering many business cards will require a personal guarantee to receive approval for. The benefits, rewards and fees of a business card are structured to fit the operations of businesses and not those of an individual. For instance, business cards often offer the ability to issue employee cards and sometimes offer compatibility with Quickbooks or other business-grade accounting software.
Keeping expenses separate with a business credit card isn’t only an expediency when it comes to accounting—legal implications complicate the inconvenience of sorting out personal and business spending. “Piercing the corporate veil” is the casual term for mixing business and pleasure from a legal standpoint. The liability protections offered by limited liability company status or corporate statuses can be inadvertently surrendered by failing to keep business and personal expenses separate. To learn more about reasons to consider a business credit card over a personal card, check out our guide.
How to Apply for a Business Credit Card
The business credit card application process resembles the personal credit card application process but often requires additional information which may include the business’ name, tax ID, incorporation status and more. Most issuers make applying easy and convenient via online application forms, but calling your issuer of choice may be just as convenient. To learn more about the application process, see our guide to applying for credit cards.
Business Credit Cards: Travel or Cash Back?
Choosing the form in which you’d prefer your business credit card rewards involves weighing both how you plan to spend the rewards and several other factors, like the extra benefits the cards offer. For businesses with employees who travel often the travel insurances and protections usually associated with a travel card may make more sense, since these benefits can often save much more than the sum of any rewards provided when a flight is delayed or baggage is lost.
How Does Cash Back Work?
Cardholders will earn a percentage of their spending back as cash-back “rewards”. For instance, 1% cash back on a $100 purchase will see the cardholder earn $1 in cash-back rewards. These rewards are usually returned to the cardholder as a statement credit or deposit into an account upon redemption. Cash-back rewards are not a discount on purchases—all purchases must be paid off in full.
How do cash-back business credit cards work?
Every time you make a purchase with your cash-back business card, you’ll earn a percentage back on your spending. The amount you’ll earn will depend on your particular card’s terms. Those earnings are accumulated in your card’s account and you can redeem them according to your card’s protocols. Some cards let you redeem your cash earnings in any amount, at any time, while others require a minimum balance to cash out.
The exact way you’ll receive your cash back also varies by card, with some letting you take those rewards as a statement credit against your balance and others also allowing you to take actual cash back.
Cash Back Business Credit Cards: Pros and Cons
Business credit cards offering cash-back rewards can be, well, rewarding. But these cards also often come with a few disadvantages.
Pros
- Cardholders earn cash rewards for spending
- A wide market of cards offer a variety of category-based earning—applicants will likely find a card that fits into their businesses’ spending patterns
Cons
- Cash-back cards often feature higher standard APRs
- Some cards feature caps on how much cash back can be earned each year
- Cash back is not a discount—cardholders must wait for cash-back redemptions
Who Should Get a Business Cash Back Credit Card?
Which credit card is right for your business will depend entirely on the priorities and preferences of your business. Rewards are often earned and redeemed as cash back or travel rewards and each comes with a set of advantages and disadvantages—for instance, travel rewards cannot always be redeemed for cash (or, in some cases, can only be redeemed for a lesser cash value compared to the value of a travel redemption).
Most small business owners should at least consider a business credit card, but cash-back-specific business credit cards may not be right for all businesses. Check out our list of the best business credit cards for an overview of what else business credit cards may be able to offer.
How to Choose a Business Credit Card for Cash Back
- Decide whether you prefer bonus categories or flat-rate rewards. If you spend a lot of money in specific categories like office supply stores or dining each year, you may be better off with a credit card that offers more points in these areas. On the other hand, a credit card that offers a high rate of flat-rate rewards may help you earn more if your spending is spread evenly across multiple categories.
- Compare welcome bonus offers. To see if you can qualify for the best bonus offers, figure out how much your business spends on average each month. From there, see which bonus offers fit with your average spending style.
- Look for cardholder perks you want. If you’re interested in credit card benefits like purchase protection or extended warranties, look for business credit cards with these perks.
- Determine how you want to redeem your rewards. Business cards offering cash back all work differently. Some only let you redeem for statement credits or a check in the mail, while others let you cash in points for gift cards, travel, merchandise and more. Make sure any cards you’re considering offer the redemption options you prefer.
- Take a close look at annual fees. Finally, make sure to compare business credit cards in terms of annual fees and other fees. While paying an annual fee can be well worth it, you should make sure you’re getting ample rewards and cardholder benefits in return.
Bottom Line
A cash-back business card can deliver modest dividends on spending for many businesses, but all business owners should carefully consider whether a cash-back card is better than other types of business credit cards. Be sure to weigh additional benefits, credit limits and introductory and standard APRs against the reward potential of cards you consider for your business.
To view rates and fees for American Express Blue Business Cash™ Card please visit this page.
Frequently Asked Questions
Which cash-back credit card earns the most cash back?
There’s no one best cash-back business card that will earn the most rewards for everyone. The credit card that will earn you the highest cash-back rewards will depend on your business’ spending habits and tolerance for tracking rewards.
For example, the Ink Business Preferred® Credit Card earns 3 points per dollar on the first $150,000 spent on travel and select business categories each account anniversary year and 1 point per dollar on all other purchases. If these categories match up with your company’s expenses, the rewards can really add up. But it requires tracking your spending carefully.
If you prefer a simple cash-back scheme, a card that earns the same flat rate on all your business spending could be a better fit.
Which credit card offers the highest credit limit?
Although business credit cards typically offer higher credit limits than personal cards, if you’re looking for the highest possible limit on a cash-back business credit card, know that the limit you’ll actually receive will depend on your credit profile and the amount of business revenue you claim on your application.
If you expect that you’ll occasionally need to spend more on a card than your credit limit, consider a business charge card. With a charge card you’ll have to pay the balance in full every month, unlike a credit card where you can carry a balance. A charge card also doesn’t have a preset spending limit which means you won’t have to worry about being denied for a large purchase. However, the issuer will use your spending patterns to determine an upper limit on the amount you can charge at any one time.
Is 1.5% cash back good?
Yes. Many cards only offer 1% cash-back reward on all purchases, so a business credit card offering 1.5% cash back on all eligible purchases is likely a solid deal. Though 2% cash-back cards abound and for some businesses higher categorical rewards may be more lucrative, a 1.5% cash-back rate is certainly respectable.
How to Get a Business Credit Card?
Getting a cash-back business credit card is similar to getting any other type of credit card. Once you’ve identified a card that fits your business’ spending habits, you can apply. A business credit isn’t limited to those who work full-time or have a steady established business. It’s possible to get a cash-back business card even if it’s just to use for part-time work, a freelance position or an occasional side gig.
Most business credit cards can be applied for online or in some cases over the phone or in-branch if it’s a bank-issued card. If you know how to apply for a personal credit card, the process is similar. You’ll have to provide some basic information including your business’ contact details, annual revenue, industry type and number of employees. You’ll also need your company’s employee identification number (EIN) if you have one and your Social Security number.
Be aware that when you apply for a business credit card, you’re personally guaranteeing that you’ll repay the debt, just like you would for a personal credit card. In other words, if your business goes belly-up, you’re still on the hook for any balance owed.
What is the best small business credit card?
Forbes Advisor rates the The Blue Business® Plus Credit Card from American Express the best overall business credit card. For a full list of our overall best startup business credit cards, view our list.
How should I build business credit?
Business credit is different from personal credit, though personal credit is often used to provide a personal guarantee when a business does not have established credit. Businesses build credit by maintaining healthy credit accounts with lenders that regularly report to business credit reporting agencies. Like with personal credit, paying bills on time is a big factor. To learn more, read our guide to building business credit.
How to get a business credit card with bad credit?
A small handful of business credit cards do not require a personal guarantee. These cards likely require some other form of proof your business is a worthy borrower—collateral, strong income or other risk-reducing factors the lender may want to see will likely help your chances of approval. Secured business credit cards may also provide another option for those applying for business credit cards without the best credit.
Other Credit Cards to be Considered
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Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
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