Published By Janet Gershen-Siegel at November 5th, 2018
Are you looking for the best cash back business credit cards? We inspected a number of corporate credit cards. So here are our favorites.
According to the SBA, company credit card limits are 10 – 100 times those of personal cards! This shows you can get a lot more money with corporate credit.
And it also means you can have personal credit cards at stores. So you would now have an alternate card at the same stores for your business.
And you won’t have to put up collateral, cash flow, or financial information in order to get business credit.
Benefits vary. So be sure to choose the advantage you prefer from this array of options.
Consider the SimplyCash Plus Business Credit Card from American Express. So you can earn up to $400 cash back. Get a $200 statement credit. But this is after spending $5,000.
And you get 5% cash back at US office supply stores and on wireless phone services. But these must be bought directly from US service providers. So this applies to the first $50,000 of yearly spending.
You also get 3% cash back on spending category of your choice. So this is from eight varying categories. And they include air travel, gas, and advertising and computer purchases. So this also applies to the first $50,000 of yearly spending.
In addition you get 1% cash back on all other purchases.
Also, take a look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can get a $200 statement credit after $500 in purchases. But this is within 60 days of account opening.
And you also get 3% cash back on purchases at filling stations and office supply stores. So this is as much as $250,000 annually.
And you get 2% cash back on purchases at restaurants. Also get 1% cash back on all purchases. So there is no annual fee. It is available to applicants with exceptional credit. But you can only redeem your cash back in $25 increments.
In addition, take a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, with no limits. New cardholders can also get a $200 cash bonus. But this is as soon as they spend $3,000 on new purchases. And it is during the first three months of account opening.
New customers also get initial APR of 0%. But this is on purchases for nine months. Also, there is no annual fee.
For a 0% APR period, we prefer the Ink Business Cash ℠ Credit Card. So you pay no annual fee. It’s got an interest-free time period.
It has flexible cash-back rewards. There are spending limits for employees. But you will need to have a credit score of 690 or higher.
For an introductory 0% APR time period, we also prefer the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months.
And you can earn double points on typical business purchases. But this is up to annual limit.
The normal APR is 12.24% – 20.24%. So this APR is variable.
Get it here: https://creditcard.americanexpress.com/blue/
For Travel Points, we have a preference for the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles. But this is after you make $1,000 in purchases on your new card within your first three months.
Terms and limitations apply. In addition earn a $50 statement credit. But this is after you make a Delta purchase with your new card. And it is during your first three months.
Earn two miles per dollar spent on purchases. But these must be made directly with Delta. And earn one mile on each qualified dollar spent on purchases.
Check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:
You also receive Gold Status when you sign up for the Starwood Preferred Guest program. There is also a $200 annual air travel fee credit.
And there is a $100 credit towards the Global Entry application fee, including access to TSA PreCheck program. You get one point for every dollar spent on the majority of purchases.
And you get 1.5 times the points on charges of $5,000 or more on eligible purchases. So this is up to one million more points per year.
Also, you get five points per dollar spent. But this is for buying flights and prepaid hotels from the American Express Travel site.
Also, be sure to check out the Ink Business Preferred Card from Chase. Earn 80,000 bonus points once you spend $5,000 on purchases within your first three months from account opening.
Earn three points for each dollar on the first $150,000 spent. But this is in combined purchases on travel, shipping purchases, internet, and cable and phone. So this is also on advertising purchases made with social media sites and search engines each account anniversary year.
Earn one point per dollar on all other purchases. There is no limitation to the amount you can earn.
Have a look at the Business Gold Rewards Card from American Express OPEN.
You can earn 50,000 Membership Rewards points. But this is after $5,000 in purchases on the card. And it is during the first three months.
Also, you get three points on your choice of five categories. And you get two times the points on the other categories. Also, get one point per dollar on all other purchases.
It has a $0 annual fee for the first year. But then your yearly fee increases to $175.
Also, take a look at the Business Platinum ® Card from American Express OPEN. You can get up to 75,000 Membership Rewards points. But this is at the time of account opening.
And you can also get 50,000 Membership Rewards points. But that is subsequent to spending $10,000. Also get an extra 25,000 points. But that is after spending an added $10,000. And it must be all on qualifying purchases. So this is during the initial three months.
And also you can get five times the Membership Rewards points. So these are on airline flights and prepaid hotels on amextravel.com.
But keep in mind; it has a $450 yearly fee.
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You start with twelve months of 0% APR financing on new purchases and balance transfers.
But there is a 3% balance transfer cost. After that, the purchase APR is a variable 10.49% – 18.49%. So this depends upon creditworthiness.
So there is no annual fee. This card is only on offer to those with great or exceptional credit. But there is no rewards program for purchases.
Also, take a look at the Blue Business Plus Credit Card from American Express. It has a 15-month initial 0% APR offer. There is no yearly fee. Right now corporations can earn double points on the initial $50,000 in purchases yearly.
Get it here: https://creditcard.americanexpress.com/blue/
For Fair Credit, we are partial to the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. But you will need a credit score of 690 or better. KEEP IN MIND: the ongoing APR is 23.99% variable APR.
Check out the Wells Fargo Business Secured Credit Card. It allows cardholders to obtain a credit limit of $500 – $25,000. The amount available is the same as the amount of cash you offer to secure the line. So your purchase APR rate can be as low as a variable 13.15%.
The yearly fee is $25. But the more cards you have the higher your annual fee is going to be.
This card allows business owners with poor personal credit to get a card to make purchases and develop business credit. But the card will only report to the personal credit bureaus if you default or are overdue on payments.
Your best company credit cards are based upon your credit history and scores. Only you can determine which perks you want and need. So be sure to do your due diligence.
And, as always, make certain to build credit in the right order for the highest, fastest benefits.