Wondering what the top business credit cards are today? This article enlightens you on the top business credit cards 2024 you can use to facilitate your business.
When running a business, every cent matters. Using a business credit card to its full potential is one way to maximize profits from financial dealings.
Choosing the Ideal Business Credit Cards
Several advantages may be yours with a business credit card. Rewards programs, cash back, loyalty points, trip insurance, and budgeting tools are all part of this category. To narrow your search for the ideal business credit card, think about what's most important to your company and prioritize incentives, cash back, or credit-building features.The Top Business Credit Cards 2024/2025
1. The Ink Business Preferred® Credit Card
The Ink business preferred credit card is the best business card if you want to earn rewards.
For business trips, the Ink Business Preferred® Credit Card is the way to go because of the attractive bonus offer and the fast and significant Chase Ultimate Rewards® points you can earn with it. The adaptability of Ultimate Rewards is one of their greatest strengths. At 1.25 cents per point, Chase TravelTM can be redeemed for direct travel or transferred to more than a dozen loyalty programs, such as United, Southwest, and Hyatt.
Per dollar spent on travel and some business categories up to $150,000 in any account anniversary year earns you 3 points, while all other purchases earn you 1 point.
Special incentive: In the first three months after you open your account, spend $8,000 to earn 100,000 points.
Cost: $95 per year
The "select business categories" also include shipping, internet, cable/phone, social media, search engine advertising, and travel, among other advantages and disadvantages. This card will be a moneymaker for your company if it uses internet advertising frequently.
When you combine your Chase Ink Business Preferred Ultimate Rewards with your personal Ultimate Rewards points, you can quickly boost your balance.
Additionally, this card comes with cell phone insurance, which covers up to $1,000 in claims each year with a $100 deductible. Additional benefits include extended warranty coverage, purchase protection, primary motor rental insurance for business rentals, and trip cancellation and interruption insurance.
Per dollar spent on travel and some business categories up to $150,000 in any account anniversary year earns you 3 points, while all other purchases earn you 1 point.
Special incentive: In the first three months after you open your account, spend $8,000 to earn 100,000 points.
Cost: $95 per year
The "select business categories" also include shipping, internet, cable/phone, social media, search engine advertising, and travel, among other advantages and disadvantages. This card will be a moneymaker for your company if it uses internet advertising frequently.
When you combine your Chase Ink Business Preferred Ultimate Rewards with your personal Ultimate Rewards points, you can quickly boost your balance.
Additionally, this card comes with cell phone insurance, which covers up to $1,000 in claims each year with a $100 deductible. Additional benefits include extended warranty coverage, purchase protection, primary motor rental insurance for business rentals, and trip cancellation and interruption insurance.
2. American Express's Business Platinum Card
The American Express's Business Platinum Card® is the Best Business Card for Travel Benefits.
Though it comes with a hefty yearly fee, American Express's Business Platinum Card® (terms apply, see rates & fees) is a great choice for companies that value travel perks. Unrivaled benefits come with this card.
Per dollar spent at U.S. construction material & hardware suppliers, electronic goods retailers, software and cloud system providers, shipping providers, and on purchases of $5,000 or more everywhere else (up to $2 million of these purchases per calendar year), you will earn 5 Membership Rewards® points. On other eligible purchases, you will earn 1 point per dollar.
In the first three months of your card's activation, spend $15,000 on qualified transactions to earn 120,000 Membership Rewards® points.
Cost: $695 per annum
In terms of other pros and cons, this card is generous with its rewards. By enrolling with travel brands such as Hertz, Avis, Hilton, Marriott, and American Express's Global Lounge Collection, cardholders can gain access to airport clubs and elite status. Spending on qualified airline incidentals, CLEAR® Plus membership, Dell Technologies, Adobe, Indeed, and many more can earn you statement credits (enrollment required for some benefits). This card might be quite appealing to companies who plan to take advantage of all (or most) of these deals.
When you book your hotel or rental vehicle through Capital One Travel, you'll earn 10 miles per dollar. When you book your flight through Capital One Travel, you'll earn 5 miles per dollar. And when you make any other eligible transaction, you'll earn 2 miles per dollar.
Receive 150,000 bonus miles as a welcome bonus when you spend $30,000 within the first three months of opening your account.
Cost: $395 per year
The annual fee is one possible negative aspect of this card, but the $300 travel credit for purchases made through Capital One Travel makes up for it, so it might be worth it for certain people. Access to Capital One airport lounges and Priority Pass are just two of the many useful perks that make this card well worth the price. However, it is not without its drawbacks. First of all, if money is tight, you might not be able to use the card because it requires full payment. Also, you'll have to shell out a tonne of cash to take advantage of that amazing welcome deal, which might be out of your price range.
Per dollar spent, you will earn 1.5 miles toward rewards.
Offer details: Spend $4,500 on purchases during the first three months of account opening to earn 50,000 bonus miles.
Cost: 0% yearly
Additional advantages and disadvantages: Capital One Rewards allows you to travel however you like. You can transfer your miles to any of more than fifteen travel partners, use Capital One's booking engine to redeem them, or pay for your own travel directly with your card. The absence of foreign transaction costs, roadside assistance, and rental collision coverage are other benefits that travelers will find useful.
Per dollar spent at U.S. construction material & hardware suppliers, electronic goods retailers, software and cloud system providers, shipping providers, and on purchases of $5,000 or more everywhere else (up to $2 million of these purchases per calendar year), you will earn 5 Membership Rewards® points. On other eligible purchases, you will earn 1 point per dollar.
In the first three months of your card's activation, spend $15,000 on qualified transactions to earn 120,000 Membership Rewards® points.
Cost: $695 per annum
In terms of other pros and cons, this card is generous with its rewards. By enrolling with travel brands such as Hertz, Avis, Hilton, Marriott, and American Express's Global Lounge Collection, cardholders can gain access to airport clubs and elite status. Spending on qualified airline incidentals, CLEAR® Plus membership, Dell Technologies, Adobe, Indeed, and many more can earn you statement credits (enrollment required for some benefits). This card might be quite appealing to companies who plan to take advantage of all (or most) of these deals.
3. Venture X Business: The Finest Offer for New Business Cardholders
Business owners who value travel benefits and incentives will be captivated by the Venture X Business*, which allows them to earn transferable miles on all purchases without limits and at a great rate.When you book your hotel or rental vehicle through Capital One Travel, you'll earn 10 miles per dollar. When you book your flight through Capital One Travel, you'll earn 5 miles per dollar. And when you make any other eligible transaction, you'll earn 2 miles per dollar.
Receive 150,000 bonus miles as a welcome bonus when you spend $30,000 within the first three months of opening your account.
Cost: $395 per year
The annual fee is one possible negative aspect of this card, but the $300 travel credit for purchases made through Capital One Travel makes up for it, so it might be worth it for certain people. Access to Capital One airport lounges and Priority Pass are just two of the many useful perks that make this card well worth the price. However, it is not without its drawbacks. First of all, if money is tight, you might not be able to use the card because it requires full payment. Also, you'll have to shell out a tonne of cash to take advantage of that amazing welcome deal, which might be out of your price range.
4. Top Annual Fee-Free Flexible Rewards Business Card: Business Spark Miles by Capital One*
An attractive feature of the Capital One Spark Miles Select for Business* is the absence of an annual fee in addition to the flexibility and flat-rate rewards it offers. Additional benefits that may pique your attention are the absence of expiration dates and earning restrictions.Per dollar spent, you will earn 1.5 miles toward rewards.
Offer details: Spend $4,500 on purchases during the first three months of account opening to earn 50,000 bonus miles.
Cost: 0% yearly
Additional advantages and disadvantages: Capital One Rewards allows you to travel however you like. You can transfer your miles to any of more than fifteen travel partners, use Capital One's booking engine to redeem them, or pay for your own travel directly with your card. The absence of foreign transaction costs, roadside assistance, and rental collision coverage are other benefits that travelers will find useful.
5. The Blue Business® Plus Credit Card from American Express
The Blue Business® Plus Credit Card from American Express is the Best Flexible Rewards Credit Card with 0% Intro APR for Businesses.
One distinctive feature of the American Express Blue Business® Plus Credit Card is the ability to earn Membership Rewards points without paying an annual fee. However, there are limits and conditions that should be considered. A new company can take advantage of the card's introductory APR offer to pay for inventory or initial expenses with a little more time to pay it off without interest.
Per dollar spent on common business expenses like office supplies or client lunches (up to $50,000 annually), you'll get 2 Membership Rewards points. After that, you'll earn 1 point per dollar spent on everything else.
Special offer: Spend $3,000 during the first three months of opening your account and earn 15,000 Membership Rewards points.
Every year, there is no cost.
The card comes with a 0% intro APR on purchases for the first twelve months after account opening, after which a variable rate between 18.49% and 26.49% applies. There are other pros and cons to consider as well. While the allure of a reduced annual percentage rate (APR) makes this a tempting option, it's not a smart idea to keep a balance after the introductory period ends.
We appreciate that commonplace business expenses, like client dinners and office supplies, may be turned into bonus Membership Rewards points. Think about applying for the American Express Blue Business CashTM Card if you'd rather have cash back than points (terms apply). You might want to consider a no-limit card instead if your company's annual spending is consistently over $50,000.
6. American Express Blue Business CashTM: The Finest Cash-Back Business Card with 0% Intro APR
A business credit card that allows you to earn points without paying an annual fee is the American Express Blue Business CashTM Card (terms apply, see rates & fees). If your annual spending is $50,000 or less and you'd like to earn points without categories, this could be a good option for you.Benefits: Get 2% back on all qualifying purchases up to $50,000 per year, and then 1% back.
Offer Details: Spend $3,000 during the first three months after account opening to earn a $250 statement credit.
No yearly charge is required.
Consider a card without a maximum earnings rate if your company regularly spends over $50,000 per year; this would be the best option for them. Its Membership Rewards-earning brother, the Blue Business® Plus Credit Card from American Express, is another option to explore if you're looking for a comparable card with more flexible rewards than cash.
The above are our top 6 business credit cards for you to consider in 2024. However you can check some other top business credit cards that might suit your needs