What is the best corporate credit card? Business credit card perks differ; you should decide what will work best for you.
We checked out a ton of business credit cards, and did the research for you. So here are our favorites.
Per the SBA, small business credit card limits are a whopping 10 — 100 times that of personal cards!
This demonstrates you can get a lot more funds with business credit. And it also means you can have personal credit cards at retailers. So you would now have an added card at the same stores for your business.
And you will not need collateral, cash flow, or financial data in order to get small business credit.
The Best Corporate Credit Card Features
Advantages vary, so make certain to select the advantage you prefer from this assortment of choices.
Get the Best Corporate Credit Card with 0% APR — Pay Zero!
Bank of America ® Business Advantage Travel Rewards World Mastercard ® Credit Card
The Bank of America ® Business Advantage Travel Rewards World Mastercard ® credit card has no yearly fee and comes with a 0% introductory APR on purchases for the initial nine months. Thereafter, the card has a 13.24 — 23.24% variable APR
Earn 3 points/dollar spent when you book travel with the Bank of America Travel Center and one and a half points/dollar on all other purchases. You can get unlimited points and points will never expire.
There is a 25,000-point sign-up bonus when you spend $1,000 in the initial 60 days of opening up the account. Cardholders get travel accident insurance, and lost luggage reimbursement. They additionally get trip cancellation coverage, trip delay reimbursement and other perks.
There is no introductory rate for balance transfers. Also, bonus categories are limited.
Get the Best Corporate Credit Card with No Annual Fee
Costco Anywhere Visa ® Business Card by Citi
This credit card earns cash back with every purchase. Earn 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Earn 3% cash back at restaurants and on eligible travel purchases. Also, get 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.
Note: the $0 yearly fee is only for Costco members, and an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.
Also, there is no sign-up bonus offered with this card.
Be Secure and Get the Best Corporate Credit Card for Average Credit
Capital One ® Spark ® Classic for Business
For fair credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. The card gets an unlimited 1% cash back on all purchases. There is an annual fee of $0.
With this card, you will get benefits including an auto rental collision damage waiver, and purchase security. And you also get extended warranty coverage, and travel and emergency assistance services.
But BEAR IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus.
Treat Yourself to the Best Corporate Credit Card for Luxurious Travel Points
The Business Platinum ® Card from American Express OPEN
Check out the Business Platinum ® Card from American Express OPEN if you’re comfortable with an expensive annual fee. This card gets five points per dollar on flights and prepaid hotels booked on the American Express Travel website. It also earns 2 points per dollar on travel purchases booked on the American Express Travel website.
Also, it gets one and a half points per dollar on purchases of $5,000 or more. So, this is with as many as one million additional points per calendar year. All other eligible purchases get one point per dollar.
With the card’s welcome offer, you can earn 50,000 bonus points when you spend $10,000. And get another 25,000 points when you spend an additional $10,000 in that same period. Cardholder benefits include global lounge access, a $200 airline fee credit, and a fee credit for Global Entry or TSA Precheck.
Benefits also include complimentary Wi-Fi hotspot internet access, privileges including early check-in and daily breakfast at participating hotels and resorts. Plus, the card offers travel accident insurance and roadside assistance.
This credit card does not offer bonus point earnings in other categories like gas, office supplies or advertising. On top of that, all of these benefits do not come cheap. Note: the card has an annual fee of $450!
It’s Reliable! Low APR/Balance Transfers – Get the Best Corporate Credit Card
Discover it ® Cash Back
Have a look at the Discover it ® Cash Back card. There is a 10.99% introductory APR for six months from date of first transfer. So, this is for transfers under this offer which post to your account by January 10, 2019.
After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based upon the Prime Rate.
You can earn 5% cash back at different places every quarter. So, these are places like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Also, automatically earn unlimited 1% cash back on all other purchases.
You will get an unlimited dollar-for-dollar match of all the cash back you have earned at the end of your first year, automatically.
Credit Building? Get the Best Corporate Credit Card and Make Your Credit Surge!
Discover it ® Student Cash Back
Make sure to take a look at the Discover it ® Student Cash Back card. It has no yearly fee. The credit card also has a six-month introductory period of 0% APR on purchases. And there is an APR of 14.99 — 23.99% variable on all purchases after that period.
One unique feature is that it offers an incentive for scholars to maintain good grades with a $20 statement credit. If students earn a GPA of 3.0 or higher each school year, the card will award the $20 statement credit annually for up to five years.
Use this credit card to build personal credit. While this is a personal credit card versus a company credit card, for new credit users, their FICO scores will be important, and this card provides an excellent way to raise FICO while also getting rewards.
You can earn 5% cash back at different places each quarter like grocery stores, gas stations, restaurants or Amazon.com up to the quarterly maximum. After that, this card offers unlimited 1% cash back on all purchases.
In the first year, all cash back rewards are matched 100%.
Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. And though they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.
Get the Best Corporate Credit Card for Cash Back
SimplyCash Plus Business Credit Card form American Express
Take a look at the SimplyCash Plus Business Credit Card from American Express. There is a $0 annual fee. And there is a 0% APR on purchases for the initial fifteen months an account is open. But when the introductory period runs out, the APR for purchases is 14.24 to 21.24%. So, this is variable and based on creditworthiness.
This credit card has various benefits. These include purchase protection, car rental loss and damage insurance. And they also include a baggage insurance plan, extended warranty coverage and a global assist hotline.
Also, earn 5% cash back at US office supply stores and on wireless phone services. So, these must be bought from US service providers. But this applies to the initial $50,000 of annual spending. Then, you earn 1% cash back.
You also get 3% cash back on spending category of your choice. So, this is from eight distinct categories. They include airfare, gas, advertising and computer purchases. But it applies to the first $50,000 of annual spending. Then, you earn 1% cash back.
Cash-back bonuses are automatically credited to the customer’s billing statement.
Note: you cannot use this card for balance transfers. There is a foreign transaction fee of 2.7%. The card charges up to $38 in late fees. And the returned check fee is also $38. The penalty APR is 29.99%. And, it kicks in if you have two or more late payments within 12 months. It can also apply if you fail to make the minimum payment on time or have a returned payment.
Grab the Best Corporate Credit Card for Jackpot Rewards
Chase Sapphire Preferred ® Card
Take a look at the Chase Sapphire Preferred ® Card for travel points.
You can earn two points per dollar spent on travel and dining at restaurants. And you can earn one point per dollar on all other purchases. Points can be traded in for cash back, gift cards, or travel. The card’s benefits include trip cancellation insurance, travel and emergency assistance services. They also include an auto rental collision damage waiver, purchase protection and extended warranty protection.
When you spend $4,000 in the first 3 months from account opening, you will get 50,000 bonus points. These points are worth $625 if you redeem them for travel through Chase Ultimate Rewards.
You can earn an unlimited two points per dollar for travel and dining at restaurants. And after that earn one point per dollar for all other purchases. Points will transfer equally to 13 leading frequent travel programs with partners. So these include British Airways, Southwest Airlines, United, and Marriott.
There is no 0% introductory APR on purchases or balance transfers. The card’s standard APR is 17.74 — 24.74% variable. Also, the card has an annual fee of $0 introductory for the first year. And then it skyrockets to $95.
Ironclad Secured Credit Cards
Wells Fargo Business Secured Credit Card
Take a look at the Wells Fargo Business Secured Credit Card. It charges a $25 yearly fee per card (up to 10 employee cards). It also requires a minimum security deposit of $500 (up to $25,000) and it is designed to help cardholders establish or rebuild their credit.
Choose this card if you wish to earn 1.5% per dollar in purchases with no limits or earn one point for every dollar in purchases. You also get 1,000 bonus points for every month your company makes $1,000 in purchases on the card.
Also, you get free FICO scores every month. There are no foreign transaction fees. It is possible to upgrade to unsecured credit. Your account is regularly reviewed, and you may become eligible for an upgrade to an unsecured card with responsible use over time. Approval is not guaranteed and depends on factors including how you manage this and your other accounts.
APR is the current prime rate plus 11.90%. There is no introductory APR period and no sign-up bonus. This is not a credit card for balance transfers.
Your Best Corporate Credit Card
Only you can select which features you want and need for what is the best corporate credit card. So make sure to do your homework. What is excellent for you could be catastrophic for another person.
And, as always, make certain to establish credit in the recommended order for the best, fastest benefits.