Best Business Credit Cards

Best Business Credit Cards: The Ultimate Guide for 2021

If you’re running a business, you know how important it is to have access to credit. Whether you need to make a large purchase for inventory or cover unexpected expenses, having a business credit card can be a lifesaver. But with so many options out there, how do you know which one is right for you? In this article, we’ll cover the best business credit cards available in 2021 and help you find the one that meets your needs.

1. American Express Business Gold Card

The American Express Business Gold Card is one of the most popular business credit cards on the market. With this card, you’ll earn 4x points on the two categories where your business spends the most each month, up to $150,000 in combined purchases per year. Categories include airfare purchased directly from airlines, U.S. purchases for advertising in select media, U.S. purchases at gas stations, U.S. purchases at restaurants, U.S. purchases for shipping, and U.S. computer hardware, software, and cloud computing purchases made directly from select providers.

Pros:

Generous rewards program
No foreign transaction fees
Extended warranty and purchase protection

Cons:

$295 annual fee
No introductory 0% APR period
Requires excellent credit

If your business spends a lot of money on the categories mentioned above, this card could be a great option for you. The rewards program is very generous, and the lack of foreign transaction fees can save you money if you do business internationally. However, the annual fee is quite high, so you’ll need to make sure you’re earning enough rewards to offset it.

2. Capital One Spark Cash for Business

The Capital One Spark Cash for Business card is a straightforward cashback card that earns 2% cash back on all purchases. There are no categories to keep track of, and no limits on how much cash back you can earn. Plus, you’ll get a one-time $500 cash bonus after you spend $4,500 on purchases within the first three months of account opening.

Pros:

Straightforward rewards program
No foreign transaction fees
Introductory 0% APR period on purchases and balance transfers

Cons:

$95 annual fee (waived for the first year)
No bonus categories for additional rewards
No luxury benefits like airport lounge access

If you’re looking for a simple, no-fuss cash back card, the Capital One Spark Cash for Business could be a good choice. The lack of bonus categories means you won’t have to keep track of which purchases earn the most rewards, and the 0% APR period can give you some breathing room if you need to make a large purchase or transfer a balance. The annual fee is reasonable, especially considering it’s waived for the first year.

3. Ink Business Preferred Credit Card

The Ink Business Preferred Credit Card from Chase is a versatile card that offers a range of benefits for business owners. You’ll earn 3x points on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines. You’ll also earn 1x points on all other purchases. Points can be redeemed for travel through Chase Ultimate Rewards or transferred to participating airline and hotel loyalty programs.

Pros:

Generous rewards program
No foreign transaction fees
Cell phone protection and trip cancellation insurance included

Cons:

$95 annual fee
No introductory 0% APR period
Requires excellent credit

If your business spends a lot of money on travel, shipping, and advertising, the Ink Business Preferred Credit Card could be a great choice. The rewards program is very generous, and the additional benefits like cell phone protection and trip cancellation insurance can give you peace of mind. However, the annual fee is something to consider, and the lack of an introductory 0% APR period means you’ll need to be careful with your spending if you’re carrying a balance.

4. Chase Ink Business Cash Credit Card

The Chase Ink Business Cash Credit Card is another great option for business owners who want to earn cash back. You’ll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year. You’ll also earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, and 1% cash back on all other purchases.

Pros:

No annual fee
Introductory 0% APR period on purchases and balance transfers
Generous cash back rewards program

Cons:

Foreign transaction fees apply
No luxury benefits like airport lounge access
Requires excellent credit

If you’re looking for a cash back card with no annual fee, the Chase Ink Business Cash Credit Card is a great option. The rewards program is very generous, especially considering there’s no annual fee, and the 0% APR period can give you some breathing room if you need to make a large purchase or transfer a balance. However, if you do business internationally, the foreign transaction fees could add up quickly.

5. American Express Blue Business Cash Card

The American Express Blue Business Cash Card is a simple cash back card that offers 2% cash back on all eligible purchases, up to $50,000 per calendar year. After that, you’ll earn 1% cash back on all eligible purchases.

Pros:

No annual fee
Introductory 0% APR period on purchases and balance transfers
No foreign transaction fees

Cons:

No bonus categories for additional rewards
No luxury benefits like airport lounge access
Requires excellent credit

If you’re looking for a no-fuss cash back card with no annual fee, the American Express Blue Business Cash Card could be a good choice. The rewards program is simple and straightforward, and the introductory 0% APR period can give you some breathing room if you need to make a large purchase or transfer a balance. Plus, there are no foreign transaction fees, which can save you money if you do business internationally.

6. Bank of America Business Advantage Cash Rewards Mastercard

The Bank of America Business Advantage Cash Rewards Mastercard is another simple cash back card that offers 3% cash back on purchases at gas stations and office supply stores, 2% cash back on purchases at restaurants, and 1% cash back on all other purchases.

Pros:

No annual fee
Cash rewards can be redeemed as a statement credit or deposited into a Bank of America checking or savings account
Introductory 0% APR period on purchases and balance transfers

Cons:

Foreign transaction fees apply
No luxury benefits like airport lounge access
Requires excellent credit

If you’re a Bank of America customer and want to earn cash back on your business purchases, the Bank of America Business Advantage Cash Rewards Mastercard could be a good choice. The rewards program is simple and easy to understand, and the introductory 0% APR period can give you some breathing room if you need to make a large purchase or transfer a balance. However, if you travel internationally, the foreign transaction fees could add up quickly.

7. Wells Fargo Business Elite Card

The Wells Fargo Business Elite Card is a premium business credit card that offers a range of benefits for business owners. You’ll earn 1.5% cash back on all purchases, or you can choose to earn points instead. Points can be redeemed for travel, gift cards, merchandise, and more. You’ll also get access to a dedicated concierge service, travel benefits like airport lounge access and travel accident insurance, and more.

Pros:

No foreign transaction fees
Luxury benefits like airport lounge access and concierge service included
Introductory 0% APR period on purchases and balance transfers

Cons:

$75 annual fee
No bonus categories for additional rewards
Requires excellent credit

If you’re looking for a premium business credit card