Small company owners, from freelancers to those with retail stores, should consider using a business credit card. The top small-business credit cards provide extensive rewards programs, cost monitoring, and money-saving benefits that may benefit almost any sort of business.
The best aspect is that you don’t have to have a formal corporate structure to apply. Our analysts combed through hundreds of alternatives and analyzed their features and benefits to discover the best small-business credit cards available from our partners in 2022.
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Top 5 Best Business Credit Cards of November 2022
Here are 10 business credit cards recommended by our readers:
1. Ink Business Cash Credit Card
Chase Ink Business Cash is the second of three business cards offered by Chase. A robust 5% cash back on purchases from office supply retailers, and internet, cable, and phone service providers provide a lot of flexibility and cash-back opportunities.
Pros:
- This card’s current sign-up bonus is an astounding $900.
- There are no yearly fees, making it ideal for small company owners.
- Each account anniversary year, you’ll earn 5% at office supply retailers and on regular monthly expenses like internet, cable, and phone services, up to a total of $25,000 in combined expenditures. You’ll also get 2% cash back at gas stations and restaurants, up to a total of $25,000 in combined purchases every account anniversary year. You can stack multiple Chase Credit Cards using the Chase Quadfecta method from The Points Party.
Cons:
- The 5% cash back received on certain categories is limited to the first $25,000 in total purchases made each account anniversary year.
2. Capital One Spark Cash Plus
In many ways, Capital One’s newest business credit card, the Capital One Spark Cash Plus card, is a clear upgrade over the original Capital One Spark Cash for a Business credit card, providing increased purchasing power with no preset spending limit, a massive welcome bonus, and an annual $200 cash bonus after spending $200,000 or more per year. Its flat 2% cash-back rate on all qualifying purchases simplifies collecting rewards and may add up to substantial savings over time.
Pros:
- Even with free employee cards, the streamlined cash-back system provides an unlimited 2% cash back on all transactions.
- The Spark Cash Plus card allows cardholders complete control over how much they may spend. Because it is a charge card, there is no APR or credit limit.
- Spark Cash Plus awards never expire as long as your account is current, allowing you the freedom to utilize them whenever you choose.
- Because there are no international transaction fees, this card is a wonderful travel companion.
Cons:
- Some consumers may find the yearly price of $150 to be prohibitively expensive.
- For some small company owners, the yearly cash-back bonus may be out of reach. You must spend at least $200,000 to receive a $200 yearly cash incentive.
- Because it is a charge card, you must pay your debt in full each billing cycle, which is something that other charge cards have moved away from.
- Other cards provide higher rewards in specific categories.
- Because there is no possibility to transfer awards to other loyalty programs, your redemption options are limited.
- Startups wanting to improve their credit score will have a more difficult time using a charge card.
3. American Express Business Gold Card
The American Express Business Gold card is a good option for high-spending small enterprises since it allows you to earn 4 points per dollar in the two categories where you spend the most. The card is great for companies that prioritize simplicity over anything else. Read our complete American Express Business Gold Card review.
Pros:
- Each month, you’ll earn 4 Membership Rewards points for every dollar spent in the top two spending categories (on the first $150,000 in total purchases each calendar year).
- Pay with points for qualified flights booked through Amex Travel and receive 25% back (up to 250,000 points back per calendar year)
Cons:
- Annual charge of $295.
- There are no monthly or yearly credits, like on the Amex Business Platinum or Amex Gold.
- Small businesses with limited budgets may have better options.
4. The Blue Business Plus Credit Card from American Express
The Blue Business Plus credit card is ideal for small business owners who want to earn valuable Membership Rewards points on regular business spending. It was designed primarily for sole proprietorships and start-ups with minimal income who would benefit from an initial interest rate and increased purchasing power. Read our complete American Express Blue Business Plus Credit Card review.
Pros:
- 15,000 points after spending $3,000 in the first three months after account opening.
- There is no yearly charge.
- Earn Membership Rewards points and transfer them to 22 different travel partners.
Cons:
- 2x points up to $50,000 per calendar year (then 1x)
- There are no additional bonus categories for business-related spending.
5. Ink Business Unlimited Credit Card
The Ink Business Unlimited sign-up bonus offers a hefty $900 cash back on purchases totaling $6,000 during the first three months of account setup, as well as unlimited 1.5% cash back on all business transactions. It bridges the rewards gap left by the Ink Business Cash Credit Card and the Ink Business Preferred Credit Card. You may get the most of this card by combining it with the Chase Sapphire Reserve, Chase Sapphire Preferred, and Ink Business Preferred. Read our complete Ink Business Unlimited Credit Card Review.
Pros:
- No annual fee.
- A generous $900 cash-back sign-up bonus.
Cons:
- Spend a lot of money to get a sign-up bonus.
- There will be no conversion to Chase points unless you have the Chase Sapphire Reserve, Chase Sapphire Preferred, or Ink Business Preferred.
Related: Things You Should Know About Credit Cards
Frequently Asked Questions
Which credit card is the best in 2022?
Citi Premier
What is the best month to apply for credit cards?
Tax season.
Can you use an EIN to get a credit card?
A corporate card can be applied for with just an EIN, and approval is based on your company’s financial history and business credit score.
What credit card should I get for business expenses?
The Blue Business® Plus Credit Card from American Express.
What is the fanciest credit card you can get?
Centurion Card from American Express
What is a good APR for a credit card in 2022?
Below 10%
How many credit cards are too many?
It may be difficult to keep track of monthly payments if you have more than three credit cards.
Is December a good time to apply for a credit card?
November and December are typically busy months for holiday shopping, travel, special events, and dining out.
Should I apply for 2 credit cards on the same day?
Not a good idea.
What is the easiest business gas card to get?
Capital One Quicksilver Student Cash Rewards Credit Card.
Do you need a DUNS number to build business credit?
D-U-N-S numbers are also necessary when applying for government contracts or grants, as well as when conducting business with other companies.
What bank should I use in 2022?
Marcus by Goldman Sachs.
Which bank giving credit cards is best?
Chase Freedom Flex.
Will credit card interest go up in 2022?
Interest rates on all types of consumer debt are rising this year.
What gift card has the highest rate 2022?
Amazon Gift Card.
