Small business credit cards offer easy access to credit along with excellent rewards. The top offers come with significant signup bonuses and fraud protection. Here are the best business credit cards of 2022.
- Best Overall Business Credit Cards
- Cash Back Business Credit Cards
- Travel Rewards Business Credit Cards
- Hotel Rewards Business Credit Cards
- Airline Business Cards
- Choosing the Best Card for Your Business
- Business Credit Card FAQs
- Managing Business Expenses with a Credit Card
- Basics of Business Credit Card Rewards
- How to Apply for a Small Business Credit Card
Since launching my own small business in 2007, I’ve used a business credit card. While some entrepreneurs choose not to use a business card, I’ve always found it a good choice for several reasons.
For one thing, using a separate business credit card makes keeping my business expenses separate from my personal expenses a snap. Whether your business has loads of expenses or only a few, good bookkeeping is essential. Getting into the habit of charging all business-related expenses to a separate business credit card early on streamlines bookkeeping and makes tax time easier.
There’s an argument to be made, of course, for simply using a separate personal credit card for business expenses. And some solopreneurs go this route. The one major advantage to using a business credit card, however, is that it allows you to build your business’s credit. If there comes a point when you need a small business loan to expand, you’ll need this credit ready and waiting.
One final reason to consider using a business card is that it’s easier to share expenses safely. You can quickly give your partner or employees access to the company’s money through the card. And individual card-level expense tracking means you know who is spending money on what at any given time.
Business credit cards do have some caveats, which we’ll talk about below. But, first, let’s discuss our top business credit card picks for 2022.
Best Overall Business Credit Cards
Chase Ink Business Cash® Credit Card
With all Chase Ink options, you can redeem rewards in several different ways. You can use cash to offset spending right away. Alternatively, you can use the Chase Ultimate Rewards program to buy travel tickets, hotel stays, gift cards, or other items.
The Chase Ink Business Cash® Credit Card is an excellent card for business owners with good credit who won’t spend enough to outstrip the annual fee of the Ink Business Preferred® Credit Card (see below). It offers great cash back on spending categories typically used by business owners, as well.
Rewards:
- Signup Bonus: Earn $750 when you spend $7,500 in the first 3 months of card opening.
- Intro APR: 0% APR on purchase for 12 months
- Annual Fee: $0
American Express Blue Business Cash™ Card
The cash back you earn is automatically credited to your statement.
You can also spend beyond your credit limit with Expanded Buying Power. But 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, and other factors.
Rewards:
- Welcome Bonus: Earn $250 when you spend $3,000 in the first 3 months.
- Intro APR: 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.24% - 24.24% Variable, based on your creditworthiness and other factors as determined at the time of account opening.
- Annual Fee: $0
Ink Business Preferred® Credit Card
The card gives you a variety of options for redeeming points, including travel, cash back, gift cards, and more. If you have great credit and spend big for your business, this is a great card to consider. Although it has a $95 annual fee, the welcome bonus alone is worth $1,250 in travel. That bonus makes the Ink Business Preferred® Credit Card one of the most lucrative rewards cards available today.
Rewards:
- Signup Bonus: Earn 100,000 bonus points when you spend $15,000 in the first 3 months of account opening.
- Intro APR: None
- Annual Fee: $95
Brex for Small Businesses
Brex is available to corporations and other forms of non-individual liability companies. Brex underwrites with Employer Identification Numbers (EINs), not Social Security Numbers, so consumers, sole proprietors, and other unregistered businesses are ineligible. Only companies organized and registered in the United States (such as C-corps, S-corps, LLCs, or LLPs) may apply for a Brex account.
Brex also features built-in expense management, automatic receipt-matching, and instant virtual cards for your team.
To get approved you need $50,000 in your bank account if professionally invested or $100,000 if not.
Rewards:
- Signup Bonus: Get 10,000 points when you spend your first $3,000 on a Brex card within your first 3 months.
- Intro APR: None
- Annual Fee: $0
Cash Back Business Credit Cards
The Blue Business® Plus Credit Card from American Express
Rewards:
- Welcome Bonus: Earn 15,000 Membership Rewards® points after spending $3,000 in your first 3 months.
- Intro APR: 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.24% - 24.24% Variable, based on your creditworthiness and other factors at account opening.
- Annual Fee: $0
Ink Business Unlimited® Credit Card
Rewards:
- Signup Bonus: Earn $750 when you spend $7,500 in the first 3 months from account opening.
- Intro APR: 0% intro APR for 12 months on purchases
- Annual Fee: $0
Revenued Business Card Visa® Commercial Card
Rewards:
- Welcome Bonus: Earn $500 after spending $5,000 within your first 3 months of being a cardholder.
- Intro APR: None
- Annual Fee: $0
The Plum Card® from American Express
You can take up to 60 days to pay with no interest when you pay your minimum due. There are also no foreign transaction fees.
Get additional employee cards at no annual fee and an early pay discount on employee spending.
Rewards: Early Payoff Discount of 1.5% when you pay early and no cap on what you can earn back.
- Welcome Bonus: None
- Intro APR: None
- Annual Fee: $250
Capital One Spark Cash Select - $500 Cash Bonus
Your rewards won’t expire for the life of the account, and you can redeem your cash back for any amount.
You can also get employee cards at no additional cost, and earn rewards from their business spend.
Rewards:
- Signup Bonus: Earn $500 when you spend $4,500 in the first 3 months from account opening.
- Intro APR: None
- Annual Fee: $0
Capital One Spark Classic for Business
Additional benefits include fraud coverage and no foreign transaction fees. You can also get year-end summaries and employee cards at no extra cost.
Rewards:
- Signup Bonus: None
- Intro APR: None
- Annual Fee: $0
Travel Rewards Business Credit Cards
American Express® Business Gold Card
There’s also an airline bonus: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.
You can add employee cards with a no annual fee option. Plus, you can earn rewards on employee purchases and track employee expenses with spending limits, alerts, and summary reports.
Rewards:
- Welcome Bonus: Earn 70,000 Membership Rewards® points when you spend $10,000 within the first 3 months of card membership.
- Intro APR: None
- Annual Fee: $295
Capital One Spark Miles for Business
There’s no limit to the number of miles you can earn and you can transfer your miles to over 15 leading travel loyalty programs.
Other benefits include a one statement credit for either the $85 TSA PreCheck application fee or the $100 Global Entry application fee. The card has no foreign transaction fees and you can fly on any airline, anytime, with no blackout dates or seat restrictions.
Rewards:
- Signup Bonus: Earn 50,000 bonus miles when you spend $4,500 within 3 months of account opening.
- Intro APR: None
- Annual Fee: $0 intro fee for the first year, then $95
Capital One Spark Miles Select for Business
Fly on any airline, anytime, with no blackout dates or seat restrictions.
Rewards:
- Signup Bonus: Earn 20,000 bonus miles when you spend $3,000 within the first 3 months of account opening.
- Intro APR: 0% intro APR for 9 months on purchases, then a variable APR of 15.49% - 25.49%
- Annual Fee: $0
Hotel Rewards Business Credit Cards
Marriott Bonvoy Business® American Express® Card
Enjoy Complimentary Marriott Bonvoy Gold Elite Status with your Card. Plus, receive a 7% discount off standard rates for reservations of standard guest rooms at hotels that participate in the Marriott Bonvoy program when you book directly. Terms and Conditions apply.
Rewards:
- Welcome Bonus: Limited Time Offer: Earn 100,000 Marriott Bonvoy Bonus Points after spending $4,000 on your new card in your first 3 months of card membership. Offer expires 8/31/22.
- Intro APR: None
- Annual Fee: $125
Hilton Honors American Express Business Card
Enjoy complimentary Hilton Honors Gold status and a Weekend Night Reward from Hilton Honors after you spend $15,000 in purchases on your card in a calendar year.
You can earn another Weekend Night Reward from Hilton Honors after you spend an additional $45,000 in purchases on your card in the same calendar year.
Rewards:
- Welcome Bonus: Earn 130,000 Hilton Honors Bonus Points when you spend $3,000 in the first 3 months of card membership.
- Intro APR: None
- Annual Fee: $95
Airline Business Cards
Southwest Airlines Business Credit Cards
There are two Southwest Airlines business credit cards. They are both great cards. One comes with an annual fee and higher rewards, the other with no annual fees and slightly lower rewards.
Southwest® Rapid Rewards® Premier Business Credit Card
Other benefits include earning points on employee spending and no foreign transaction fees.
There are no blackout dates when you redeem points, no seat restrictions, bags fly free®, and no change fees.
Rewards:
- Signup Bonus: Earn 60,000 points when you spend $3,000 in the first 3 months of account opening.
- Intro APR: None
- Annual Fee: $99
Southwest® Rapid Rewards® Performance Business Credit Card
Additional benefits include 4 Upgraded Boardings per year when available, inflight WiFi Credits, and Global Entry or TSA PreCheck® Fee Credit.
Get employee cards at no additional cost and earn points on employee spending.
Rewards:
- Signup Bonus: Earn 80,000 points when you spend $5,000 in the first 3 months.
- Intro APR: None
- Annual Fee: $199
Delta Airlines Business Credit Cards
Delta offers three business credit cards. As is standard, the cards vary in annual fee and rewards–the higher the annual fee, the better the rewards.
Delta SkyMiles Gold Business American Express card
Enjoy Main Cabin 1 Priority Boarding and no foreign transaction fees when you spend overseas.
Rewards:
- Welcome Offer: Earn 50,000 Bonus Miles after spending $2,000 in your first 3 months of Card Membership.
- Intro APR: None
- Annual Fee: $0 for the first year, then $99
Delta SkyMiles® Platinum Business American Express Card
You can also get priority boarding and check your first bag for free.
With Status Boost, earn 10,000 Medallion(R) Qualification Miles (MQMs) after you spend $25,000 in purchases on your card in a calendar year, up to 2x per year getting you closer to Medallion Status.
Rewards:
- Welcome Offer: Earn 60,000 Bonus Miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months.
- Intro APR: None
- Annual Fee: $250
Delta SkyMiles® Reserve Business American Express Card
When you purchase a Delta flight with your Delta SkyMiles Reserve Card, you will receive complimentary access to The Centurion(R) Lounge or Escape Lounge – The Centurion(R) Studio Partner.
After you spend $150,000 on your Card in a calendar year, you earn 1.5 miles per dollar (that’s an extra half mile per dollar) on eligible purchases the rest of the year. If your purchase qualifies for a category that has a higher mileage accelerator, only the higher accelerator will apply (ex. You would earn 3X miles on purchases made directly with Delta instead of 1.5X).
Also, pay no foreign transaction fees when you spend overseas.
Rewards:
- Welcome Offer: Earn 60,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $4,000 in purchases on your new Card in your first 3 months.
- Intro APR: None
- Annual Fee: $550
United Airlines Business Credit Cards
United Business Card
Get a 5,000 mile “better together” anniversary bonus when you have two United credit cards–the United Business Card and a personal Chase United credit card.
Other benefits include no foreign transaction fees and a free first checked bag – a savings of up to $140 per roundtrip (terms apply). Also get 2 United ClubSM one-time passes per year and priority boarding privileges.
Rewards:
- Signup Bonus:
Earn up to 150,000 bonus miles. Earn 75,000 bonus miles after you spend $5,000 on purchases in the first 3 months your account is open. Plus, earn an additional 75,000 miles after you spend $20,000 total on purchases in the first 6 months your account is open.
- Intro APR: None
- Annual Fee: $99
Choosing the Best Card for Your Business
These are just the top business credit cards of 2022 as we see them. We’ve vetted most of the major players available right now, and these cards offer plenty of variety for different types of businesses. However, choosing between them can be difficult.
When you’re looking at this – or any – list of business credit card options, it’s important to consider your business’s actual spending and expected spending for the coming year. If you don’t spend enough to justify a high annual fee, cross those cards off the list. Also, if you’re looking to finance a big-ticket purchase, check out the cards with the 0% introductory APR option.
Each of these cards has unique perks and benefits. The key is to ensure that those benefits line up with your current and future business spending.
Business Credit Card FAQs
When it comes to business credit cards, you might have a few questions. Here are five that we get most frequently:
Does a business credit card offer federal consumer protections?
The short answer here is no. Business credit cards aren’t protected by federal laws like the Credit CARD Act of 2009, most of the time. This means that your APR can change without notice, and there are fewer limits on fees you can be charged. Fraud protection is also not as strong with business credit cards.
With that said, credit card companies want your business, so many have individual protections written into their business credit card contracts. It’s up to you to be informed about potential fees, fraud protection, and other issues with your business card. Look closely at the fine print before you sign up for a card, as protections vary from company to company.
What’s the difference between a business charge card and a business credit card?
There are two major differences between credit cards and charge cards. Charge cards, unlike credit cards, don’t have a credit limit. However, they also have to be paid in full at the end of the month, or you’ll incur a large penalty fee. With a charge card, you have to plan spending more carefully, and keep closer track of your cash flow.
Charge cards do offer some of the same cash back and travel benefits as credit cards, though many come with annual fees.
Paying off all of your credit card balances each month is a good habit for any business owner. But the inability to carry balances over from month to month at all can be prohibitive for some. If you ever suffer a tight month and can’t pay your balance in full, you’ll already have been hit with penalty fees, even if you catch up the next month.
For many business owners, it’s better to use a credit card.
Is a business EIN required to apply for a business card?
You can use your federal EIN – employer identification number – to apply for a business credit card, but you don’t have to. Many solopreneurs never get an EIN simply because they don’t need it. If you’re on your own and use your own social security number for other aspects of your business, you can just use that when applying for a business credit card.
Even if you do have an EIN, you may not be able to use it when first applying for a business card. The credit card company can only pull your business’s credit if your business has its own credit file as an entity separate from your personal credit file. If you’re just getting started, you’ll need time to build up your business’s credit file, which is part of the point of using a business credit card.
If you have an EIN but don’t have a credit file associated with it, the credit issuer will simply pull credit based on your social security number.
Will they check my personal credit file when I apply?
The answer to the above FAQ should tell you this! The answer is yes, most of the time. This is especially true at first, when your business doesn’t have its own credit file, or doesn’t have a large enough history for a credit issuer to make a decision. Again, you can enter your EIN instead of your personal social security number. But if the business doesn’t have an adequate credit file for a decision to be made, you’ll see a hard inquiry on your personal credit file.
With that said, other business card owners have noticed that after the original inquiry, the business credit card may not be counted in your personal credit file, unless there’s a major negative to report. Once the account is up and running, most of the credit-building properties will be counted towards your business’s credit, rather than your personal credit.
With all this in mind, it’s important to take care in your business transactions, just as you would your personal interactions. Though you and your business are technically separate, there’s so much interlinking in the world of financial transactions that credit issues in either sphere can impact the other.
What’s my personal liability for the card’s balance?
Depending on the credit card issuer and the arrangement you sign, you may be 100% liable for the credit card’s balance. Most of the time, a credit card issuer will insist that you sign a personal guarantee. This is an agreement you make with your creditor to pay for your business’s debts if your company doesn’t. It’s almost like cosigning for yourself. If your business can’t keep up with the debts, you’ll have to pay them back personally – even if you are the sole owner and operator of the entire business.
Due to personal guarantees, creditors could go after your personal assets if you default on the loan. Even if your company is an S-corporation or Limited Liability Company, you could be on the hook personally for business credit card debts. Limited liability company and corporation classifications shield your personal assets from certain liability situations. But when you willingly enter into a credit card arrangement and willingly make spending choices, you’re still personally liable for the debt.
If you get to the point where your business is more established and has deep pockets and a long credit history, you may be able to get business loans and credit cards with commercial liability. Then, the creditor couldn’t pursue your personal assets in case of failure to pay. However, most small businesses don’t have this option, and especially not when they’re just beginning to apply for business credit.
Managing Business Expenses with a Credit Card
Managing business expenses with a credit card is similar to managing personal expenses using a credit card. But there are a few additional rules. Here are my personal rules for using a business credit card, which are easy to apply to any business model:
Rule 1: Pay the balance in full each month
To get the most out of your business credit card and keep your expenses in check, pay off the full balance of your business credit card each month. This means keeping careful track of your expenses and your cash flow to ensure you’re not overspending.
One potential exception to this rule is to use a 0% introductory APR deal to make a large purchase for your business. Only do this if it’s necessary, and if taking the time to save up for the one-off purchase would cost your business more in the long run. Then, budget carefully to ensure you can pay off the balance in full before your APR goes up.
Rule 2: Link the card to your accounting software
One of the key reasons I use a business credit card is to make tracking business expenses easier. Yes, you can do this by just looking over your credit card statements monthly. But you can also automate the process by simply linking your credit card to your favorite accounting software.
I link my business credit card to Quickbooks Online. It automatically downloads the transactions as they occur. My bookkeeper then categorizes the transactions at the end of the month.
Rule 3: Use the card only for business expenses
This is an essential rule: don’t ever use this credit card for personal expenses. This will only get you into trouble, especially if this turns into a habit. It’s much easier to keep your expenses separate and easy-to-track by using your business card only ever for business expenses.
Rule 4: Keep your receipts
Even if you have your credit card log, keeping your receipts is essential. The IRS says to keep business receipts for purchases and expenses for at least four years. Keep a file – both digital and hard copy – to keep your receipts organized by date. And if some of your receipts are for expenses that could potentially be questioned, like restaurant expenses, jot down a note on the receipt or in its digital file about the business occasion that led to the expense.
Basics of Business Credit Card Rewards
As you can see from our list of the best business cards above, many come with a variety of rewards. The most popular options, however, are cash back and miles rewards. You can also get purchase rewards, too, though, which give you access to gift cards and other useful items. Understanding rewards and how to use them is a key piece of choosing the best credit card for your business.
Rewards
One mistake business owners often make is choosing a business card that has a great rewards system, but they’re awarded in a way that they won’t use. So as you consider different credit card options for your business, take the time to understand how rewards are earned, and think through how you’d redeem those rewards.
We’ll discuss the most common options, and the best ways to use those rewards:
- Travel Rewards: Travel rewards come in various flavors. Some travel cards let you rack up points to use for any travel-related purchase–from hotel stays to airline tickets to rental cars. Others only allow you to redeem points with certain providers. If you travel often for business and don’t mind always booking with the same airline or hotel chain, a brand-specific card might work for you. But if you’d rather get the best possible deal on flights and hotels, look for a card with more flexible redemption policies.
- Purchase Rewards: Some business rewards cards offer purchase rewards options. For instance, with the Chase cards listed above, you can choose to redeem your rewards in several ways. For instance, you can purchase gift cards to various retailers, shop on Amazon.com directly with your points, or redeem rewards for special experiences. Purchase rewards can be more limited, but can be a way to buy customer and employee appreciation gifts. You can also order necessary office supplies using gift cards or Amazon.com points.
- Cash Back Rewards: Cash back rewards are perhaps the easiest to use. This is my approach. Most major credit card companies will allow you to put cash back rewards directly towards your credit card balance. Most card companies will transfer cash back rewards transferred directly to your bank account.
- Sign-Up Bonuses: When considering signing up for a new credit card, be sure you check out the sign-up bonuses. These bonuses give you extra spending power or even airline tickets right after you sign up for the new card. While you don’t want to choose a credit card based solely on a one-time bonus, it’s certainly something to take into consideration when choosing a credit card.
Interest Rates
You should consider a business credit card’s interest rate if you carry a balance. Should you need to carry a balance, the lower your interest rate, the better off you’ll be. When choosing a credit card for your business, here are three types of interest rates to consider:
- 0% Balance Transfers: Are you already trying to pay down some business debt you’ve let pile up? Look for a card with a 0% introductory interest rate on balance transfers. This is a way to save money while you pay down the debt as quickly as you can. Just be sure you don’t use a balance transfer offer to put personal debt onto your business credit card. To pay off personal debt more quickly, check out this list of 0% APR balance transfer credit cards.
- 0% on Purchases: Again, we don’t recommend regularly carrying a balance on your business credit card. However, if you need to make a one-time purchase of a big-ticket item, a 0% introductory APR may be the way to go. As long as you can pay down the balance before the 0% APR runs out, you can pay no interest on your large purchase. Just be sure you read the card’s fine print. Many will end the deal and hike up your interest rate if you’re even a day late on a single payment.
- Regular APR: You’ll find a credit card’s regular APR in the fine print. These APRs are often listed as variable. The better your credit score, the lower your APR will be. If you don’t ever carry a balance, the regular APR won’t matter much in your budget. But it’s still important to know your APR before signing up for a credit card.
How to Apply for a Small Business Credit Card
Applying for a business credit card is similar to applying for a personal credit card, with a few differences. Here’s how to get started:
- Decide whether to apply for an EIN. If you don’t already have an employer identification number (EIN), consider whether you should apply for one. It’s free to do, and is fairly simple to do online at the IRS website. If at any point you’re likely to hire employees, go ahead and apply. If you plan to keep your business to just yourself and, perhaps, your spouse, you can apply for business credit under your social security number.
- Check your business credit file. If your business has been around for a while, it may already have a credit file. You can check on that here. If your business has a credit file, skip to step four. If not, take step three first.
- Apply for a D-U-N-S number. This is a unique business identification number, separate from your EIN. You can actually apply for this number, and then add or change information in it on the Dun & Bradstreet site, linked above. When you first establish your business credit file, creditors will still pull your personal credit file first to check for creditworthiness.
- Apply for a small business credit card. Business credit card applications are similar to personal credit card applications. You’ll just need to fill out all the requested information. Even if you provide an EIN, most creditors will ask for your social security number as part of your personal guarantee. Remember, this makes you personally liable for your business’s debts, which gives you even more reason to be cautious with your credit card spending.
- Build your business’s credit. As when applying for a personal credit card, you may start off with a relatively low credit limit. You can build up your business’s credit by paying bills on time, keeping your credit card balance low, and keeping a long credit history. You can continue to visit the Dun & Bradstreet website to see your progress with your business’s credit.
- Ask for a credit limit increase, eventually. If you may need to apply for a large business loan in the future, you would do well to continue building your credit by eventually asking for a credit limit increase. Remember, a large portion of your business’s credit rating comes down to debt vs. credit. The more credit you have available, the higher your rating. Once you’ve used a credit card wisely, you can ask for a credit limit increase.
