10 January 2024

Discover 10 Awesome Credit Cards for Small Businesses

By Ronald Smith

Hey there, fellow entrepreneurs! Today, I want to share with you a list of amazing credit cards that are specifically designed for new businesses like yours. Whether you’re just starting out or looking to upgrade your financial game, these credit cards have got your back! So, let’s dive right in and find the perfect match for you and your business.

1. Chase Ink Business Cash

This card is a real gem! With its awesome rewards program and no annual fee, it’s perfect for those of us who are just starting our business journey.

2. American Express Blue Business Plus

With this powerful card, you can earn some serious rewards points while enjoying a 0% introductory APR. It’s like hitting the jackpot for your business!

3. Capital One Spark Cash for Business

If you’re all about simplicity, this card is for you. With its straightforward cashback program and unlimited rewards, you can focus on growing your business while earning some extra cash.

4. Discover it Business Card

Discover brings you a credit card that stands out from the crowd. With its exceptional cashback rewards and no annual fee, it’s a win-win situation for your business.

5. Bank of America Business Advantage Cash Rewards Mastercard

This card offers some serious cashback rewards, especially if you spend a lot on gas and office supplies. Plus, it comes with a sweet introductory APR period – talk about a great deal!

6. Wells Fargo Business Secured Credit Card

Are you looking to build your credit? Look no further! This secured credit card from Wells Fargo can help you establish or rebuild your credit score while managing your business expenses.

7. CitiBusiness/AAdvantage Platinum Select Mastercard

If you’re a frequent traveler, this card is a dream come true. With its travel perks, including bonus miles and travel protection, you’ll be jetting off to business meetings in style.

8. U.S. Bank Business Platinum Card

With a 0% introductory APR and no annual fee, this card is a fantastic option for new businesses. Plus, it offers some valuable tools to track and manage your expenses – business made easy!

9. Spark Classic for Business

No need to worry if your credit score isn’t perfect. This card is designed for small business owners who are building or rebuilding credit. It’s a great way to get back on track while growing your business.

10. Capital One Platinum Credit Card

Last but not least, we have the Capital One Platinum Credit Card. With this card, you can enjoy all the benefits of a credit card while building your credit history – a win-win situation!

Now that you know about these amazing credit cards, it’s time for you to take action. Choose the one that speaks to you and start reaping the benefits for your small business. Remember, I believe in you and your entrepreneurial journey!

Discover 10 Awesome Credit Cards for Small Businesses

If y’all purchase somethin’ through our links, we may make some moolah from our partners. Learn more.

What makes certain credit cards great choices for brand-new businesses?

We’ve checked out the options and picked cards with perks like no interest for a whole year – when you ain’t gotta pay no interest, that gives ya more spendin’ power.

We’ve also given ya options of credit cards for small businesses that offer good cashback rates and/or points or credits that you can earn shortly after opening an account.

Can ya nab a Business Credit Card to Kickstart a Business?

Ya shouldn’t use a personal card for business expenses. But it’s your good personal credit score that shows up on a personal credit check that opens the door to gettin’ approved for business credit cards.

If you have a bad personal credit history, don’t worry! Even though it may affect your chances, there’s still a way to get a business credit card. You can provide a personal guarantee in the form of a deposit, and the credit card issuer will approve your application. But if you have a good or excellent credit score and can show your financial resources, you’ll have no trouble getting approved for small business credit cards.

Check out the Top 10 Business Credit Cards for Startups!

There’s so much more to learn about each business credit card on our list. We’ve included all the important details and features that business owners like you may find valuable. So keep reading to find the perfect credit card for your startup!

If you’re asking yourself, Why should I get a business credit card? Well, here’s why: By using a card for your everyday business expenses and consistently making timely payments, you’ll be building your business credit. And when you build your business credit, you’re also improving your personal credit record. This will increase your chances of being approved for business loans in the future and will potentially raise the credit limit on your card.

If you’re still curious about what exactly business credit cards are, it’s important to fully understand their benefits and advantages for your business before you decide to apply for one.

Allow me to present to you our top recommendations for a small business credit card:

1. American Express Blue Business Cash Credit Card

When you use the Blue Business Cash Card from American Express for your business purchases, you can earn 2% cash back on up to $50,000 spent. And the best part is, you can also get free employee cards and set spending limits on them. Every purchase made by you or your employees will count towards the $50,000 limit, so you can earn cash back on all eligible transactions.

But that’s not all! If you’re a startup, there’s a special deal for you. Once you spend $5,000 within the first 3 months of opening the account and pay for eligible purchases, you’ll receive a $500 credit. It’s a great way to kickstart your business and save some money at the same time.

And here’s more good news: there are no annual fees with this card. You can enjoy all its benefits without any extra costs.

If you’re worried about interest rates, don’t be. The Blue Business Cash Card offers an introductory APR of 0% for the first 12 months. After that, the interest rates will range from 13.24% to 19.24%, depending on your account anniversary year.

So, if you’re looking for a business card that rewards you for your purchases, offers free employee cards, and comes with great deals and low interest rates, the American Express Blue Business Cash Card is the perfect choice for you. Apply now and start earning cash back on your business expenses!

If you spend $15,000 in the first 3 months with The Business Platinum Card from American Express, you’ll receive 150,000 rewards points! Plus, this platinum card has no annual fee.

Now let’s compare this to the American Express Business Gold Card. With this card, you’ll get 80,000 rewards points after spending $10,000 in the first 3 months. However, the Business Gold Card does come with an annual fee of $295 (but you can use your rewards to pay for it).

  • Deals for Startups: You’ll earn rewards points for your first three months of spending.
  • Annual Fee: $0
  • Introductory APR: 0% for 12 months, then a variable rate between 14.24% and 22.24% (same as Gold Card)

3. Chase Ink Business Unlimited Credit Card

If you’re looking for a credit card that gives you cash back on your business purchases, then the Ink Business Unlimited Credit Card from Chase is the way to go. With this card, you’ll get 1.5% cash back on eligible purchases for your business.

What’s great is that there’s no limit on the dollar amount of expenditures to qualify for the cash back. Unlike other business credit cards that set cash back limits, you can keep earning that cash back as much as you want!

But that’s not all. When you become a card member, you’ll also become eligible for the awesome Chase Ultimate Rewards program. It’s a program that offers you some incredible benefits and perks!

  • Deals for Startups: To kick things off, you’ll get $750 cash back after you spend $7,500 in 3 months. And guess what? You can earn that $750 again by spending $7,500 in the following 3 months!
  • Annual Fee: The best part is that this card has no annual fee. Yep, you heard it right. Zero annual fee!
  • Introductory APR: For the first 12 months, you’ll enjoy a 0% introductory APR. After that, the APR will be between 13.24% to 19.24% based on your creditworthiness, which is determined by making your payments on time. So, it’s really important to pay those bills on time!

4. Chase Ink Business Cash Credit

The Chase Ink Business Cash Credit gives you the same deal as the Chase Business Unlimited: spend $7,500 and get a $750 credit. But that’s not all. It also gives you a whopping 5% cash back on combined purchases of $25,000 at office supply stores, wireless telephone purchases, phone services, and internet/cable costs. If you’re a small business owner who spends a lot on office supplies, this could be one of the best business credit cards for you.

  • Deals for Startups: Spend $7,500 and get $750 back, not just once, but twice.
  • Annual Fee: $0
  • Introductory APR: 0% for 12 months, then 13.24% to 19.24%

5. Capital One Spark Cash Plus

  • Deals for Startups: Get a $1,000 bonus when you open an account.
  • Annual Fee: $150
  • Introductory APR: You need to pay your balance in full each month.

6. Amazon Business Prime Credit Card

Did you know that the Amazon Business Credit Card gives you a bunch of money back when you buy stuff on Amazon? It’s pretty awesome, especially if you’re starting a business and need to buy a lot of things. Plus, you get free shipping too!

  • Startups Score: You get 5% cash back on all your Amazon purchases, and an extra 2% cash back when you eat out at restaurants.
  • No Annual Fee: You don’t have to pay any extra fees every year.
  • Low Introductory APR: The interest rate starts at 14.24% and goes up to 22.24%. That’s not too shabby.

7. Discover IT Credit Card

  • Startups Score: This card gives you 5% cash back when you shop on Amazon and 5% cash back on gas purchases. And get this, when you use your Discover card to pay online through the Pay Pal portal, you can earn 5% on other purchases too. That’s a lot of cash back!
  • No Annual Fee: You won’t have to pay any annual fees. Woohoo!
  • Low Introductory APR: The interest rate starts at 11.99% and goes up to 22.99%. Not too shabby at all.

8. US Bank Triple Cash Rewards World Elite Master Card

If you’re starting a new business, the US Bank Triple Cash Rewards World Elite Master Card has some great deals for you. If you spend $4,500 in 150 days, you’ll get $500 cash back. Plus, you’ll earn 3% cash back on gas and electric vehicle purchases, as well as on combined purchases at office stores, restaurants, and cell phones.

Don’t worry about any annual fees – this card has a $0 fee. And for the first 15 months, you’ll enjoy an introductory APR of 0%. After that, the APR will range from 13.99% to 22.99%.

9. Sam’s

Another option for you is Sam’s credit card. As a startup, you can get 5% cash back on gas purchases and 3% cash back on purchases at Sam’s Club.

Just like the previous card, this one also has no annual fee. The introductory APR is a bit higher, ranging from 15.65% to 23.65%.

10. SVB Innovators Card

For all you startup owners and entrepreneurs out there, the SVB Innovators Card is perfect for you.

It’s tailored specifically for startups and offers a range of benefits and rewards.

  • Awesome Deals for Startups: You’ll earn 2 points for every dollar you spend, and you can use those points to get statement credit.
  • No Annual Fee: It won’t cost you anything to have this card.
  • No Interest for a While: Just make sure to pay off your card balance in full every month.

What’s the best credit card for a new business?

It’s a tough decision, but I recommend the Discover IT card. You can get 5% of your money spent back on all purchases, which is hard to beat!

With a Business Prime account from Amazon, you can qualify for discounts, special offers, and more. You can sign up for a FREE account to get started today.