Best Small Business Credit Cards 2023

Finding the right small business credit card can be a complex process. In fact, there are numerous cards available on the market, each offering unique benefits and features. This comprehensive blog post will untangle the web of options and help you discover the best small business credit cards for 2023.

Let’s dive in to turn your payment method into an asset!

Best Small Business Credit Cards 2023

Here are some of the best small business credit cards to consider for 2023.

Capital One Spark Cash Plus Credit Card

The Capital One Spark Cash Plus Credit Card is a top-tier choice for business owners looking to maximize returns on expenses. With its generous cash back rewards program, every purchase earns you up to 2% unlimited cash back.

The card comes with a $150 annual fee but compensates by offering substantial value in the form of a $1,000 cash bonus once you spend $10,000 within the first three months of account opening.

Furthermore, it insures no foreign transaction fees making it ideal for international travel and broadening your scope of doing business globally without extra charges. From office supplies to client dinners or conference travels – every dollar spent grows your business profits with this exceptional credit card.

Ink Business Preferred® Credit Card

The Ink Business Preferred® Credit Card is a top choice for small business owners. With this card, you can earn valuable rewards on your everyday business expenses. Earn 3X points per dollar spent on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines (up to $150,000 in combined purchases each account anniversary year).

Plus, get 1X point per dollar on all other purchases. The points you earn can be redeemed for travel through Chase Ultimate Rewards or transferred to popular airline and hotel loyalty programs.

This card also offers additional benefits like cell phone protection and purchase protection. There’s an annual fee of $95 for this card.

If you’re looking for a business credit card that offers great rewards and perks tailored to your needs as a small business owner, the Ink Business Preferred® Credit Card is worth considering.

Ink Business Unlimited® Credit Card

The Ink Business Unlimited® Credit Card is a top choice for small business owners looking for simplicity and flexibility. With no annual fee, this card offers unlimited 1.5% cash back on all purchases, making it ideal for businesses that want straightforward rewards without the hassle of keeping track of bonus categories.

Plus, you can earn a generous sign-up bonus after meeting minimum spending requirements. This card also provides additional benefits such as purchase protection, extended warranty coverage, and employee cards at no extra cost.

Whether you’re a startup or an established business owner, the Ink Business Unlimited® Credit Card is worth considering for its valuable perks and easy-to-understand rewards structure.

Ink Business Cash® Credit Card

The Ink Business Cash® Credit Card is a great option for small business owners looking to maximize their cash back rewards. With this card, you can earn 5% cash back on the first $25,000 spent per year in combined purchases at office supply stores and on internet, cable, and phone services.

You also earn 2% cash back on the first $25,000 spent per year at gas stations and restaurants. Plus, there’s no annual fee! This card offers valuable rewards without any extra costs.

It’s a smart choice for business owners who want to save money while earning cash back on their everyday expenses.

The Blue Business® Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express is an excellent choice for small business owners. With this card, you can earn valuable rewards on all your purchases without worrying about rotating categories or expiration dates.

You also have the convenience of no annual fee, making it a cost-effective option for your business. Additionally, if you need to make larger purchases, this card allows you to extend your payment timeframe with its “Pay Over Time” feature.

Start maximizing your rewards and simplifying your business expenses with The Blue Business® Plus Credit Card from American Express.

The Business Platinum Card® from American Express

The Business Platinum Card® from American Express offers a range of benefits and rewards for small business owners. With this card, you can earn Membership Rewards® points on eligible purchases and enjoy perks like airport lounge access and concierge service.

The card also provides travel benefits such as airline fee credits, Global Entry or TSA Pre✓® fee reimbursement, and complimentary hotel status. Plus, you have the flexibility to choose how you use your points – whether it’s for booking flights or hotels, or even transferring them to partner loyalty programs.

This card is designed to enhance your business travel experience while providing valuable rewards and perks.

In addition, The Business Platinum Card® from American Express offers expense management tools to help you keep track of your spending and manage your cash flow more effectively. You can also benefit from Amex Offers – special discounts and deals that are tailored specifically to your business needs.

Capital One Spark Cash Select for Excellent Credit

The Capital One Spark Cash Select for Excellent Credit is an excellent choice for small business owners with a high credit score. This card offers cash back rewards of 1.5% on every purchase, making it a great option for those who prefer simplicity and value.

With no annual fee and no foreign transaction fees, you can use this card both at home and abroad without worrying about extra charges. The online expense management tools make tracking your business expenses easy and convenient.

Additionally, the card comes with fraud coverage, extended warranty protection, and auto rental insurance for added peace of mind. If you have excellent credit and want to earn cash back on your business purchases without any hassle, consider the Capital One Spark Cash Select.

The American Express Blue Business Cash™ Card

The American Express Blue Business Cash™ Card is a great choice for small business owners looking for a cashback credit card. With no annual fee, this card offers 2% cash back on all eligible purchases up to $50,000 per calendar year, and then 1% thereafter.

This means that you can earn valuable rewards on your everyday business expenses without having to worry about spending limits or complicated reward categories. Plus, with Amex’s exceptional customer service and additional benefits like purchase protection and extended warranty coverage, the Blue Business Cash™ Card is a reliable and convenient option for business owners who want simplicity and value in their credit card.

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® is a top choice for small businesses looking to maximize their cash back rewards. With this card, you can earn triple points on eligible net purchases, which can be redeemed for statement credits or merchant gift cards.

The card also offers additional benefits like no foreign transaction fees and extended warranty protection. Whether you’re making everyday business purchases or splurging on travel expenses, the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® is a valuable tool to help your business thrive.

Marriott Bonvoy Business® American Express® Card

The Marriott Bonvoy Business® American Express® Card is a top choice for small business owners who frequently travel and stay at Marriott hotels. With this card, you can earn valuable rewards in the form of Marriott Bonvoy points, which can be redeemed towards free hotel stays, room upgrades, and more.

The card also offers a generous welcome bonus and ongoing benefits such as complimentary Silver Elite status, annual free night awards, and credits towards Marriott purchases. Additionally, you’ll enjoy purchase protection and travel insurance coverage when using this card for business expenses.

The Marriott Bonvoy Business® American Express® Card provides excellent value for small businesses that prioritize travel rewards.

The Hilton Honors American Express Business Card

The Hilton Honors American Express Business Card is a top choice for small business owners who frequently stay at Hilton hotels. With this card, you can earn generous rewards on your hotel stays and other purchases that can be redeemed for future travel.

In addition to the rewards program, cardholders enjoy perks like complimentary Hilton Honors Gold status, which includes benefits like room upgrades and late checkout. Plus, there are no foreign transaction fees when using the card abroad.

For business owners who value comfort and luxury during their travels, the Hilton Honors American Express Business Card should definitely be considered.

United℠ Business Card

The United℠ Business Card is a top choice for business owners looking to maximize their travel rewards. With this card, you can earn valuable United MileagePlus miles on your everyday purchases.

Plus, you’ll enjoy perks like free checked bags and priority boarding when flying with United Airlines. The card also offers flexible redemption options, allowing you to use your miles for flights, hotel stays, car rentals, and more.

Whether you’re a frequent flyer or just starting out with travel credit cards, the United℠ Business Card is worth considering for its generous rewards and travel benefits.

Brex Card

Brex Card is a popular choice among small business owners due to its unique features and benefits. With no annual fee, this card offers a rewards program that earns points on every purchase, redeemable for travel expenses, statement credits, or gift cards.

The Brex Card also provides high credit limits based on your business’s cash balance rather than personal credit history. This makes it an ideal option for startups and businesses with limited credit history.

Additionally, the Brex Card offers perks like expense management tools and employee cards at no extra cost. Overall, the Brex Card is a valuable tool for small business owners looking for flexibility and rewards without any annual fees or personal guarantee requirements.

IHG® One Rewards Premier Business Credit Card

The IHG® One Rewards Premier Business Credit Card is a top choice for small business owners looking to earn rewards on their everyday expenses. With this credit card, you can earn generous points for every dollar spent at participating IHG hotels worldwide, as well as on gas stations, restaurants, and office supply stores.

Plus, you’ll receive additional benefits like an annual free night certificate and automatic Platinum Elite status in the IHG Rewards Club program. The card also offers travel perks such as no foreign transaction fees and trip cancellation/interruption insurance.

With its competitive rewards program and valuable features, the IHG® One Rewards Premier Business Credit Card is a smart option for business owners who frequently travel or stay at IHG properties.

Bank of America® Business Advantage Travel Rewards World Mastercard®

The Bank of America® Business Advantage Travel Rewards World Mastercard® is a great option for small businesses that frequently travel. With this credit card, you can earn unlimited 1.5 points per dollar spent on all purchases, with no categories to worry about.

Plus, there are no foreign transaction fees, making it ideal for international business trips. The points you earn can be redeemed for travel expenses like flights, hotels, and rental cars.

Additionally, the card offers a sign-up bonus of 25,000 bonus points when you make at least $1,000 in purchases within the first 60 days of account opening. Overall, the Bank of America® Business Advantage Travel Rewards World Mastercard® is a valuable tool for small businesses looking to save money on their travel expenses while earning rewards along the way!

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card

The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card is a great option for small business owners. With this card, you can earn unlimited cash back on every purchase you make.

There are no annual fees and no expiration dates on the rewards you earn. Plus, you can enjoy a 0% introductory APR for the first nine billing cycles. This card also comes with helpful business tools and resources to manage your expenses efficiently.

It’s an excellent choice if you’re looking for a straightforward cashback business credit card with valuable benefits.

Delta SkyMiles® Reserve Business American Express Card

The Delta SkyMiles® Reserve Business American Express Card is a top choice for business owners who frequently travel with Delta Airlines. With this card, you can enjoy perks such as priority boarding, access to Delta Sky Club lounges, and a free checked bag for yourself and up to eight companions on the same reservation.

In addition, you’ll earn 3X miles on eligible purchases made directly with Delta and 1.5X miles on all other eligible purchases. The annual fee for this card is $550, but the benefits and rewards make it well worth it for frequent flyers who want to maximize their travel experience.

How to Choose the Right Small Business Credit Card

To choose the right small business credit card, start by determining the source of your water, identifying the contaminants you need to remove, and considering filter capacity and replacement frequency.

Determine the Source of Your Water

To choose the right small business credit card, start by determining the source of your water. In other words, consider where your income is coming from and how you plan to use the credit card for your business.

Are you primarily a service-based business or do you sell physical products? This will help you understand what type of rewards or benefits would be most beneficial for your specific needs.

By understanding the source of your water, you can make an informed decision when selecting a small business credit card that aligns with your goals and objectives.

Identify the Contaminants You Need to Remove

To choose the right small business credit card, it’s important to identify the contaminants you need to remove from your financial situation. Consider whether you’re looking for a card with low interest rates, cashback rewards, or travel perks.

If you prioritize earning cash back, look for a card that offers high cashback rates and rewards on purchases relevant to your business. On the other hand, if you frequently travel for work, a card with travel benefits like airline miles or hotel points might be more suitable.

Take some time to assess what specific features and benefits would best meet your business needs before making a decision.

Consider Filter Capacity and Replacement Frequency

When choosing a small business credit card, it’s important to consider the filter capacity and replacement frequency. The filter capacity refers to how much the card can handle in terms of transactions and expenses.

You’ll want a card that can accommodate your needs without restrictions. In addition, you should also think about the replacement frequency of the filters. This is crucial because if you have to constantly replace them, it can be time-consuming and costly.

Look for a credit card that offers long-lasting filters or easy replacements to ensure smooth financial management for your business.

Pros and Cons of a Small Business Credit Card

Small business credit cards offer several benefits, including rewards programs, expense tracking tools, and the ability to build credit for your business. However, there are also potential drawbacks such as high interest rates and fees that can accumulate if you carry a balance.

It’s important to carefully consider these pros and cons before choosing a small business credit card that best suits your needs.

Pros

Small business credit cards offer several advantages for business owners. Firstly, they provide a convenient and separate way to manage business expenses, making it easier to track and categorize purchases.

Secondly, many small business credit cards come with rewards programs that offer cash back or points for every dollar spent, allowing you to earn rewards on your everyday business expenses.

Additionally, these cards often provide perks like travel insurance, purchase protection, and access to airport lounges which can be beneficial for frequent travelers. Moreover, using a small business credit card responsibly can help build your business’s credit history and improve your chances of securing financing in the future.

Cons

While small business credit cards offer numerous benefits, there are also some downsides to consider. One disadvantage is the annual fees that come with many business credit cards.

These fees can add up quickly and eat into your profits, especially if you’re not utilizing the card’s rewards or perks to their fullest extent. Another drawback is that some business credit cards have higher interest rates compared to personal credit cards.

If you carry a balance on your card, these high interest rates can result in significant finance charges. Finally, it’s important to be mindful of overspending when using a business credit card.