Published By Janet Gershen-Siegel at March 3rd, 2022
What is a statement on a credit card? A credit card statement credit—often in the form of a signup bonus—is a popular way for business credit cards to give you perks. It’s a great win-win. For the credit card company, it’s a bookkeeping matter. They don’t have to issue a check and they don’t have to keep track of points. For you, it’s money off your credit card statement balance. And who doesn’t want that?
Keep in mind: all business credit card terms can and do change. As a result, be sure to check the credit issuer’s website before choosing a business credit card. Check out our top choices.
With the Marriot Bonvoy Business™ Card, you can earn up to $150 back in statement credits on eligible purchases made in the first 3 months. You can also earn sextuple points on eligible purchases at hotels participating in the Marriott Bonvoy program.
APR on purchases will be a variable rate, 15.74%—24.74%, based on creditworthiness. There is a $125 annual fee.
With the TD Business Solutions Credit Card, you can earn $150 cash back as a statement credit when you spend $1,000 in the first 90 days. Earn up to 2% cash back rewards when you redeem them into an eligible TD Bank Deposit Account. Get 1% cash back on purchases. There are no cash back limits. A 13.99%, 18.99% or 23.99% APR is based on creditworthiness for purchases and credit card statement balance transfers.
Pay no annual fee, but there is a 3% foreign transaction fee. Since every business needs a bank account, opening a deposit account at TD Bank could be a good idea. The minimum spend should be easy to achieve, but the reward bonus isn’t as big as ones you can get from other banks. Plus, you can often get a higher percentage of cash back from several other providers, without having to open a bank account.
With the American Express Blue Business Cash™ Card, you can earn a $250 credit on your remaining statement balance. So, this is for after you spend $3,000 in purchases on in the first 3 months. It has a 0.0% introductory APR on purchases for the first 12 months. After that APR is variable, from 13.24%—19.24%, based on creditworthiness. Plus, there is no annual fee.
We saved the best for last. With the Business Advantage Travel Rewards World Mastercard®, you can earn 30,000 online bonus points after spending at least $3,000 in the first 90 days. You can redeem your points for a $300 credit card statement credit towards travel or dining-related purchases.
It has a 0% Introductory APR on purchases for the first 9 billing cycles. After the intro APR offer ends, a variable APR of 12.24%—22.24% will apply. This card has no annual fee.
With Spark 2X Miles, you can earn unlimited double miles on every purchase. Plus, earn a 50,000 miles bonus when you spend $4,500 in the first 3 months. Pay a $0 intro annual fee for the first year, then $95 after.
You can get a credit card statement credit in one of two ways. One is if you use your card to complete the Global Entry application and pay the $100 application fee. The other ways is to complete the TSA Pre✓® application and pay the $85 application fee. Credit will appear within two billing cycles. It will apply to whichever program you apply for first. You can only get one statement credit per account every four years.
You are eligible for one $100 statement credit per account, OR one $85 statement credit per account. This is for every 4 years in connection with the Global Entry or TSA Pre✔® program application fee.
Also, to apply the credit, your account must be open and in good standing. You cannot get a statement credit for fees charged to a Spark Miles Select card, or any Capital One card that is not a Spark Miles card. And you cannot get a statement credit for fees paid for with PayPal®.
With the Business Platinum Card® from American Express, you have a choice of statement credit types and amounts.
You can get a $400 statement credit on purchases from Dell Technologies. Or earn a $360 statement credit on purchases from Indeed. Another option is a $150 statement credit for subscriptions from Adobe Creative Solutions. And another choice is a $120 statement credit for wireless telephone service purchases.
Other perks include quintuple points on flights and prepaid hotels. You can also get credits and bonuses for airline and other travel costs.
Pay a 0.0% intro APR for the first 12 months, on purchases eligible for their ‘Pay Over Time’ program, then a 14.24%—22.24% variable APR.
But this card, as you would expect from platinum, has a $695 annual fee. We put this one a bit ahead of the Delta card (see below) because there are more and larger statement credit options. Plus they don’t seem to award statement credits on a quadrennial basis. If you travel a lot for business, and if you need to impress clients, then this one may be worth your while. But an annual fee that runs over 1/3 of a typical monthly mortgage payment is an extremely high hurdle to get over.
With the Delta SkyMiles® Reserve Business American Express Card, you can get a $100 statement credit after you spend $4,000 in the first 3 months. Also, Basic Card Members can get a statement credit for a five-year membership every 4 years after applying for Global Entry ($100). Or get a statement credit every 4.5 years after applying for TSA Pre✓® (up to $85) through any Authorized Enrollment Provider.
APR on purchases will be a variable rate, 15.74%—24.74%, based on creditworthiness.
But there is a ridiculously high $550 annual fee! The statement credit is nice, but it is not worth it.
The business credit cards we reviewed offer statement credit deals running from $85 to $400. Annual percentage rates run from 0% t0 24.74%, with many cards offering a 0% introductory APR for a limited time. Some cards offer monetary bonuses, often dependent upon spending a minimum amount during a short window of time. And always check a provider’s website for the latest and most accurate details on any business credit card that interests you.