Business Credit Cards

It can be difficult at times separating and keeping track of the purchases you made for your business on your personal credit card. If you own a small business a better option would be to start making those types of purchases on a business credit card. There several small business credit cards available online and it might get a little confusing on which may offer the best deal. We have reviewed all of the business card offers and have formed a list of the Top cards that we feel offer the greatest value to small business owners. Some of these cards offer rewards such as cash back and airline miles, but also offer very attractive interest rates.

Many of the major banks had cut back on lending to small businesses. That is beginning to change and they are coming out with some of the best business credit card products they have ever had. Please review our Top 5 Business Cards list and select the card that is right for you.

Capital One® Spark(SM) Cash for Business

Earn 2% cash back on every purchase, every day
Get a $100 cash bonus—just spend $1,000 within the first 3 months
Receive a $50 cash bonus by signing up for one or more employee cards
Enjoy award-winning small business customer service
$0 intro annual fee for the first year; $59 after that
Redeem cash rewards anytime, for any amount, even set up automatic redemption
Earn unlimited cash rewards that don’t expire

Intro Purchase APR
0% intro APR until November 2012*

Intro Balance Trans. APR
N/A*

APR
14.99% – 19.99% (V)*

Annual Fee
$0*

SimplyCash® Business Card from American Express

Get 5% cash back on wireless services and office supply purchases*
Get 3% cash back on automobile gasoline*
Get 1% cash back on other purchases*
No limit to the amount of cash back you can earn
Cash back on purchases is automatically credited to your statement each month
Save 3%-10% automatically on business expenses from FedEx, Hertz® , OfficeMax® , and more with OPEN Savings®*
No annual membership fee

Intro Purchase APR
0% for 6, 9, or 12 months*

Intro Balance Trans. APR
N/A*

APR
12.24% – 19.24% Variable

Annual Fee
$0

Ink Bold(SM) with Ultimate Rewards

Earn up to 50,000 bonus points – 25,000 after your first purchase, plus an additional 25,000 after you spend $10,000 in 3 months
That’s $500 in rewards of your choice, or $625 towards airfare when you redeem online through our Ultimate Rewards booking tool
Earn up to 5X points per dollar on eligible business purchases, and points do not expire
No foreign transaction fees
Free Employee Cards
No interest charges because it’s a pay-in-full charge card
Transfer points you’ve earned to participating frequent travel programs at a 1:1 value
No Annual Fee in the first year – a $95 savings

Intro Purchase APR
N/A*

Intro Balance Trans. APR
N/A*

APR
N/A*

Annual Fee
$0 for the first year,
then $95*

The Business Gold Rewards Card® from American Express OPEN

For a limited time: Earn 5X points on shipping and advertising for the first 3 months of Card membership.
Earn points even faster to get more rewards for your business
3X points on airfare, 2X points on advertising, gas, and shipping, 1X points on everything else*
One million rewards from over 500 brands
24/7 support for everything from identity theft to travel emergencies
$0 introductory annual fee for the first year, then $175
Get unlimited Additional Gold Cards for an additional annual fee of $50 – and this fee is waived for the first year
Terms & Restrictions Apply.

Intro Purchase APR
N/A*

Intro Balance Trans. APR
N/A*

APR
N/A*

Annual Fee
$0 intro annual fee for the first year,
then $175

Rating: 5.0/5 (3 votes cast)

Importance of a Small Business Credit Card

If you own a small business, chances are that you have made a purchase every now and then on your personal credit card for a business need. It is best to keep your personal financials separated from the financial dealings of your business. If for some reason your were unfortunate to have a lawsuit brought against you, the plaintiff’s lawyers will work to argue that you didn’t run your business like a true business to remove the corporate veil that you have protecting you personally from liability. Right or wrong, these things do happen but you can avoid this by getting and using a business credit card. Once you get the card you would put all of your business purchases on it from that point forward. This will also simplify your accounting as you will have all your business purchases on one credit card statement and you won’t have to separate your personal and business expenses.

Choosing the Best Business Credit Card

Not all business cards are alike. They all have different interest rates, annual fees, and rewards. Some cards might also be charge cards which means that the bill must be paid in full every month. We we did our research to create our rankings, we took all of those items into account. There are some very attractive offers available online. The rewards being offers by some of these cards are the best we have ever seen. These rewards can be earned in the form or airline miles, cash back, or points. Some of these cards let you earn at a higher rate when you make certain purchases like office supplies. Based on our reviews, we have complied our listing of the best business credit cards by overall value to small business owners.

How Business Credit Has Changed

Business credit had been flowing freely prior to the financial difficulties that the banks and many Americans were facing. Many small businesses were unable to pay their credit card bills and one of the largest business credit card companies, Advanta, went under. That left thousands of businesses without a credit card, but because of the times, there weren’t many banks willing to lend due to the risk. With the financial marketplace improving, lending is starting to open up again and the banks are looking to increase the number of business cardholders that they have. While the interest rates that the banks charge aren’t as good as they used to be, they are still extremely reasonable. There are a few things that have improved. The first is the variety of credit card offerings available to small business owners. The number of cards offering 0% intro rates and rewards have increased. Another thing that has improved is the quality of the rewards being offers and the rate at which you can earn them.