Has your small business grown into an organization with multiple employees, a greater need for expense tracking support, and improved rewards programs? If so, it’s time for a corporate business credit card.
We review seven cards below to help you understand what your choices are and how they can support your business as you continue to scale.
The Best Corporate Business Credit Cards
| Corporate Credit Card | Pros | Cons |
| Brex Corporate Card | Tiered rewards program and various partner offers. | Easier for established businesses and those with higher annual revenue to qualify. |
| Ramp Corporate Card | Up to 5% in savings with partner offers. | Savings rather than cashback or points program. |
| Rho Corporate Card | Up to 2% cash back, dependent on the terms and card you select. Other cash back rates include 1% with net 30 terms and 1.25% cash back with daily repayment. | Cash back is dependent upon which card you choose, which could mean less desirable card terms. |
| BILL Divvy Corporate Card | Flexible rewards program. | Flexible rewards makes it hard to know what you’ll receive. |
| Bank of America Corporate Card | Optional Premium Rewards program. | Primarily travel-focused with a rewards program you have to opt in to enjoy. |
| American Express Corporate Gold Card | Travel perks and Membership Rewards. | $250 annual fee. |
| U.S. Bank Commercial Rewards Card | Points or rebates, with the U.S. Bank giving you a choice between the two. | Lack of transparency regarding rewards and rebates. |
1. Brex Corporate Card
Corporate charge cards are likely the first cards you’ll consider when you’re looking for business credit cards for your growing business. The Brex Corporate Card is one of many traditional business credit card alternatives worth looking into.
The Brex Corporate Card is backed by its wealth of accounting, online banking, and spend management features.
Whether you’re looking to generate unlimited employee cards, track expenses in real-time, set spending limits, or create specific use cards, you can do it all with Brex.
As with many corporate cards that aren’t issued by traditional financial institutions, you won’t be limited by your personal credit score or credit history. Brex instead considers revenue, time in business, expenses, and similar factors.
The Brex Corporate Card rewards program is extensive.
This card offers 7x points on rideshare transactions, 4x points on Brex travel, 3x points on restaurants, 2x points on software spending, and 1x points on all other purchases, all alongside additional savings when you purchase products and services from eligible vendors.
Brex is a strong fit for established corporations or startups with a good chunk of money set aside, either from their own operations or from investments.
Namely, Brex wants startups to have equity investments or at least $50,000. If you’re a mid-market or enterprise company, they want you to have $4.8 million in annual revenue.
The Brex Corporate Card doesn’t feature any annual fees or foreign transaction fees. They also don’t require a personal guarantee.
2. Ramp Corporate Card
Many expense management and accounting fintech companies offer their own corporate card solutions. If you’re looking to expand your options and you plan on using their commercial banking services, another great corporate business credit card is the Ramp Corporate Card.
The Ramp Corporate Card is a corporate charge card designed for the growing corporation. The Ramp Corporate Card comes with:
- Unlimited employee card creation (virtual card and physical cards)
- 5% savings with partner offers as a card member
- Preset controls to prevent out-of-policy spend
- No personal credit checks or personal guarantee
- Personalized workflows for easier approvals and enhanced accountability
- Automated expense tracking with mobile receipt uploads
- No annual fee
- Integrations with a host of apps your corporation already uses
The Ramp Corporate Card is one of the easier corporate cards to qualify for. If you have strong financial activity (a must for any largely revenue-based business card) and $25,000 in a linked business checking account, you’ll likely be able to get a Ramp card without issue.
3. Rho Corporate Card
There are four major corporate charge cards offered by fintech companies worth mentioning. The third here in this list is the Rho Corporate Card.
The Rho Corporate Card shares many similarities with the other cards already listed here.
Rho allows you to control budgets, limit ad spend, and restrict card access. You can create and issue cards as you need them. Spending will automatically sync with your accounting platform as well, ensuring you’re able to track expenses in real-time.
The Rho cashback program is arguably the least appealing of the corporate cards. However, you can still save when you decide to use the Rho Corporate Card for your corporation.
The amount of cash back you receive will depend on the terms and business cards you choose.
For example, if you want net 30 terms, you’re only going to get 1% cash back with your business card. If you decide to pay the full balance of your business card daily, you will get 1.25% cash back.
If you get the Rho Platinum Card instead, you’ll be able to tap into 2% cash back. 2% cash back is the most cash back they offer.
Rho doesn’t feature any specific eligibility requirements, instead boasting their flexible underwriting.
The Rho Corporate Card doesn’t feature any annual fees, subscription fees, per-card fees, or other fees you might see with other cards. If you are late on your payments, however, they do reserve the right to charge you a 3% late fee.
4. BILL Divvy Corporate Card
The BILL Divvy Corporate Card is the final corporate card offered by a fintech company on this list.
The BILL Divvy Corporate Card is suitable for corporations of all sizes. It’s even a great option if you’re a small business looking for a small business credit card. They offer credit lines ranging from $1,000 to up to $5 million. Your credit limit grows with you.
As you might expect, you’re getting many of the same benefits mentioned with the cards above. This includes:
- No annual fees
- Spend control features
- Automatic business expense management with the BILL Divvy Spend & Expense software
- Virtual card creation
- And beyond
There are a few key differences, however.
The first comes in the form of their rewards program. Most card rewards are set, such as what we’ve seen in the three previous corporate cards.
The BILL Divvy Card rewards are not. Their flexible underwriting extends to the rewards you receive with your card, meaning that corporations might receive different rewards from each other.
The second comes in the form of a personal credit check. Unlike other corporate cards, the BILL Divvy Card is not EIN-only. They will check your personal credit, although they make it clear that they will only perform a soft pull when they do.
5. Bank of America Corporate Card
Fintech companies aren’t your only option for corporate business credit cards. Another choice is traditional financial institutions. One corporate credit card you can choose if you’re interested in a traditional credit card issuer is the Bank of America Corporate Card.
The Bank of America Corporate Card is a travel and entertainment expense management card.
Know that this card is based solely on the management of said expenses. They do offer a premium rewards card program, but you do have to enroll to receive these rewards.
The Bank of America Corporate Card allows you to:
- Set controls to ensure travel and entertainment spending aligns with corporate and individual spending policies.
- Manage your corporate credit card anytime, no matter where you are, with Global Card Access.
- Take advantage of benefits like comprehensive travel insurance.
- Utilize enhanced security features to reduce the risk of fraud.
Bank of America doesn’t provide many details about whether it requires an annual fee or what interest rates, if any, come with the credit card upon account opening.
If you’re interested in the Bank of America Corporate Credit Card program, you’ll have to get in touch with them for more details.
6. American Express Corporate Gold Card
American Express offers three different corporate card options: The American Express Corporate Platinum Card, the American Express Corporate Green Card, and the American Express Corporate Gold Card.
We chose the American Express Corporate Gold Card because it strikes the perfect balance between the American Express Corporate Green Card and the Platinum Card.
The Corporate Green Card is designed for employees who travel or make purchases occasionally, while the business Platinum Card is focused primarily on premium travel benefits.
The Corporate Gold Card is designed around various travel and expense management needs.
What does the American Express Corporate Gold Card have to offer? With this corporate credit card, you receive:
- Card Membership Rewards points with every eligible purchase
- A $100 airline fee credit
- 5% Uber Cash
- Hilton Honors Silver Status
- Global Entry or TSA PreCheck credits
- Amex Preferred Tickets
The American Express does come with an annual fee. You’ll pay $250 for the card. If you’re looking for something cheaper, you can get a $75 annual fee with the Corporate Green Card.
The American Express Corporate Platinum Card costs the most at $550 a year. They don’t offer any information about whether they charge an interest rate on their corporate cards.
7. U.S. Bank Commercial Rewards Card
Are you a corporation bringing in anywhere from $10 million to $150 million in annual revenue? If so, the U.S. Bank Commercial Rewards Card was designed for you.
It’s important to note in advance that, while this is a rewards card, they aren’t transparent about what their rewards program looks like. However, you can ask them this when you’re applying for the card to get a better idea of what to expect.
The U.S. Bank Commercial Rewards Card offers:
- API Integrations, allowing you to close your books faster with QuickBooks, NetSuite, and beyond
- No annual fee
- The ability to choose between points and rebates gives you more control over your rewards with the card program. You can choose what best benefits your corporation most. Either way, you can get cash rewards with each business purchase.
- Card controls and built-in policies
While there are no annual fees or platform fees, the U.S. Bank does state that “Standard TravelBank fees and contract apply for the full travel and expense platform.” Always do further research into commercial credit cards to fully understand their terms.
Access More Credit Card Financing With Credit Suite
Business credit cards can be an excellent way to fund your growing company.
However, not every small business owner will have the credit needed to get approved for traditional business credit cards. If you can’t get the best business credit card because of your credit score or credit history, you might feel discouraged.
Thankfully, you can leverage Credit Suite’s credit card stacking program.
Our credit card stacking program helps you access up to $150,000 in no-doc credit card funding, even when you’re actively being turned away by banks.
We boast 24-hour pre-approval, 0% interest for 6 to 18 months, no collateral or cash flow requirements, and the ability to get funded in three weeks or less.
All that’s required of you is:
- A 680+ personal credit score with all three consumer credit bureaus (a credit partner with a high credit score can apply for credit stacking as well)
- At least 2 open primary credit cards with at least 2 years of history and a $5,000+ limit
- No late payments in the last 2 years
- No charged off accounts, bankruptcies, liens, judgements, or unpaid collections
- Under 40% credit utilization across all accounts
- No more than 3 unsecured accounts open in the last 12 months
- No more than 4 inquiries per bureau in the last 12 months (with the exception of certain inquiries, such as mortgages and auto loans).
If you’re interested in using credit card stacking to fund your corporation, get started with Credit Suite today!
