As the business landscape continues to evolve, having the right financial tools at your disposal is crucial for success. The best business credit cards offer rewards, cash back, low-interest rates, and other perks to help maximize your spending. With so many options on the market, it can be tricky to determine which card is right for your needs. Keep reading as we break down the top business credit cards to consider applying for this September 2023.
1. American Express Business Platinum Card
The American Express Business Platinum Card is often regarded as the gold standard among business credit cards. Its exclusive benefits include access to airport lounges, a generous welcome bonus, and a high earning potential on purchases. While it comes with a substantial annual fee, the card’s perks and rewards can easily outweigh the cost for frequent travelers and those seeking premium services.
Key Features:
– Up to 75,000 Membership Rewards points welcome bonus
– Access to over 1,200 airport lounges worldwide
– 5x Membership Rewards points on flights and prepaid hotels
– $200 annual airline fee credit
– Global Entry or TSA PreCheck fee credit
– Comprehensive travel insurance coverage
2. Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card is a top choice for small business owners. It offers an attractive rewards program with a strong emphasis on travel benefits. The card’s flexibility in redeeming points makes it a favorite among those who value travel perks and business expenses.
Key Features:
– 100,000 bonus points after spending $15,000 in the first three months
– 3x points on the first $150,000 spent in combined purchases on travel, shipping, internet, cable, and phone services, and advertising with social media sites and search engines
– Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards
– Cell phone protection plan
– No foreign transaction fees
3. Capital One Spark Cash Plus
For business owners who prefer simplicity and cash rewards, the Capital One Spark Cash Plus card is an excellent choice. It offers a straightforward cashback program with no categories to track, making it easy to earn rewards on all your business purchases.
Key Features:
– Unlimited 2% cashback on all purchases
– $200 cashback bonus after spending $3,000 in the first three months
– No annual fee
– Free employee cards with customizable spending limits
– Receipt capture and expense tracking tools
– No foreign transaction fees
4. CitiBusiness / AAdvantage Platinum Select Mastercard
If your business involves frequent travel, especially with American Airlines, the CitiBusiness/AAdvantage Platinum Select Mastercard can be a valuable addition to your wallet. It offers numerous benefits for American Airlines loyalists, including bonus miles and travel perks.
Key Features:
– 65,000 American Airlines AAdvantage bonus miles after spending $4,000 in the first four months
– 2x AAdvantage miles on eligible American Airlines purchases
– Free checked bag on domestic American Airlines flights
– Preferred boarding and 25% savings on in-flight food and beverages
– No foreign transaction fees
5. Brex Corporate Card
The Brex Corporate Card is tailored for startups and tech companies. It’s an excellent choice for businesses that might not have established credit histories or want to avoid personal guarantees. Brex relies on your business’s financials and funding to determine eligibility.
Key Features:
– No personal guarantee or credit check is required
– Earn valuable rewards on business spending, including 7x points on rideshares and 4x on travel
– Access to partner perks and discounts for business services
– Expense management tools with integrations like QuickBooks and Xero
– High credit limits based on your business’s financials
6. American Express Blue Business Cash Card
The American Express Blue Business Cash Card is designed for businesses that prefer cashback rewards and want to avoid an annual fee. It offers a simple yet competitive cashback program for everyday business expenses.
Key Features:
– 2% cashback on all eligible purchases of up to $50,000 per calendar year, then 1%
– No annual fee
– Expanded buying power with no preset spending limit
– Employee cards with customizable spending limits
– Expense management tools and account management features
7. Your Merchant Services Rep
Whether you’re a startup looking to build credit or an established enterprise seeking premium rewards, we’ve got you covered. Your Merchant Services Rep specializes in providing tailored solutions through our range of business credit cards. Our dedicated team is committed to helping your business thrive, one transaction at a time. Discover the power of our business credit cards today and unlock a world of financial possibilities.
Key Features:
– Up to 5% Cashback on Select Categories
– 2% Cashback on All Other Purchases
– 0% Intro APR for 12 Months
– No Annual Fee
– Customizable Employee Spending Limits
Conclusion
Choosing the best business credit card for your company’s needs requires careful consideration of your spending habits, travel preferences, and financial goals. The cards mentioned in this post represent some of the top options available in September 2023, catering to various business types and priorities.
Before applying for any business credit card, it’s essential to assess your financial situation, understand the terms and fees, and ensure that the card aligns with your business goals. Additionally, keep in mind that credit card offers and benefits may change over time, so it’s a good practice to regularly review your card choices to maximize your rewards and savings.
Remember that responsible credit card usage is crucial for maintaining a healthy financial profile. Pay your bills on time, keep your credit utilization low, and use your business credit card strategically to grow your business and take advantage of the perks and rewards offered. Apply for the card that aligns with your business needs today and start reaping the benefits of smart financial management.
FAQ
Q. What benefits do business credit cards offer?
Benefits can include generous welcome bonuses, rewards on business spending categories like office supplies, gas, internet and phone services, travel, and more. Business cards also provide benefits like cell phone protection, travel perks, purchase protections, and extended warranties.
Q. What credit score do I need to qualify for a business card?
You’ll typically need a credit score in the good to excellent range, around 690 or higher. Business revenue and time in business can also impact approval odds.
Q. Should I get a business card even if I have a small business?
Yes, most issuers will approve you even as a solopreneur or side hustler. Focus on cards with no annual fees to avoid unnecessary costs.
