12 Absolute Best Business Credit Cards of 2022

Updated Aug 3, 2022.
business-credit-cards

Every business will benefit from separating their business bank accounts from their personal bank accounts, and from having the right business credit card. 

Businesses need good cash flow to grow and operate at their best. Having a line of credit available for your business through your business credit card is essential. 

Many small businesses rely on a line of credit and credit cards to run their daily business operations and generate good ROI (Return on Investment). The essence of getting a business credit card is not to enter into bad debts but to enjoy benefits such as cashback and purchase protection.

With so many business credit card options in the market, it can be difficult to choose the best for your specific business needs. 

As a business owner, you have many concerns like paying your taxes, managing your employees, dealing with payroll operations with payroll software, and others. Choosing the best business credit card is another concern where you need professional help.

In this article, you will learn about the best business credit cards for your specific business needs.

Let’s get started.

Business Credit Cards vs Personal Credit Cards

Business credit cards and personal credit cards are not immediately distinguishable, as they have a bunch of similarities between them. Alongside sharing similarities on the ground of APRs (Annual Percentage Rates) and bonuses, these two cards are similar in several ways. 

  • Usage: Business credit cards and personal credit cards are used in the same way. They both use chip and pin, swipe, for online purchases, for in-store purchases, anything. 
  • Security Features: They both have security features like expiration dates, CVVs, and PINs.
  • Card Guarantees Needed for Their Issuance. Guarantees are secondary options your lending institution takes to get back the money. You provide these so, in case you default on your payments, your credit card company has secondary contact options. For personal credit cards, this could be another individual and for business credit cards, this could be the owner of the business, separate from the business entity. In this case, the cardholder gets sued personally.

Having a great credit score helps with your credit approvals and opens up a lot of options with your credit company. Although there are lots of similarities between business credit cards and personal credit cards, with their application process similar, there are also differences.

1. Effect of a Bad Credit Score

The effects of a bad credit score, however, are felt more with a business credit card than a personal credit card. 

Credit companies see businesses as risky ventures and typically hesitate or become strict when supporting individuals with bad or no credit scores. Thankfully, some of these business credit card issuing institutions offer service options for these exact groups of individuals.

2. Who Holds Your Credit Information?

For personal credit cards, your information, which includes payment and account history, is reported to a major consumer credit bureau. The major credit bureaus include Experian, Equifax, and TransUnion, with your information sometimes being reported to all of them. 

When it comes to business credit cards, your account and payment history are usually only kept by the credit institution you deal with. Information is only typically reported to any of these credit bureaus when there is a default in payment.  

Nonetheless, some choose to also report positive credit activity to these bureaus and this is useful. If you have bad credit and engage in credit building activities, dealing with a credit company that reports to these bureaus improves your personal credit score and helps you with other institutions. 

For companies that do not report on these, however, you are stuck with improving your standing with them alone. This could prove useful if you do not want to worry about any credit utilization impact on your personal credit score.

3. Protective Regulations

Personal credits are protected by the Credit Card Act, a federal law barring credit companies from double-cycle billing, random rate increases, and floating due dates. 

Business credits, on the other hand, are not protected by these regulations. These business credit companies have only self-regulated their activities, applying most or all regulations included in this act.

What this means is that, unlike personal credit cards, applying for business credit cards requires that you see or look for the exact regulations guiding it.

4. Debt Collection

For personal credits, consumers are given little protection by the law through the Fair Debt Collection Practices Act (FDCPA). The act bars credit collectors from discussing the debt with third-party individuals, compels them to notify debtors of the debt, and gives the debtors the right to validate the debt. 

Business credits, on the other hand, are not protected by these, so credit collectors may be more aggressive in recovering money lent out.   

Debt Collection Infographic
Source: Americanbanker

Best Business Credit Cards

1. American Express Blue Business Cash Card

Best Overall Business Credit Cards with Expense Management Tools and Travel Perks 

American Express is the Best Overall Business Credit Cards with Expense Management Tools and Travel Perks

The American Express Blue Business Cash Card is a business credit card that offers you all you want, from zero annual fees down to extra perks for your travel and insurance needs. This proves to be a great choice for small businesses.

Introductory Bonus: $250 statement credit after spending $3,000 within the first 3 months of card membership.

Annual Fee: $0

APR: 0% on purchases for the first 12 months. Becomes variable after that, put between 13.24% – 19.24%, majorly depending on your credit score. 

Recommended Credit Score Before Applying: 670 – 850

Extra Benefits

  • Easy access to card
  • 2% cashback on all purchases, then 1% cashback after exceeding $50,000 in purchases.
  • Spend over credit limit with an expanded buying power feature
  • Very wide acceptance across the US
  • Extended travel benefits (baggage insurance, car rental insurance, and a global assist hotline)
  • Purchase protection
  • Expense management tools
  • Employee cards (accompanied by alerts and summary reports for tracking)
  • Seamless integration with Quickbooks
  • Fast and customer-friendly dispute resolution services

2. CitiBusiness / AAdvantage Platinum Select Mastercard

Top Business Credit Card that Comes with Multiple American Airline Travel Benefits

CitiBusiness is the Top Business Credit Card that Comes with Multiple American Airline Travel Benefits

The CitiBusiness / AAdvantage Platinum Select Mastercard is one specially designed for travelers, offering travel perks for extended and comfortable travel time. 

Introductory Bonus: 65,000 American Airlines AAdvantage® bonus miles after making $4,000 within 4 months of opening account

Annual Fee: $99. The first 12 months of card membership are offered for free.

APR: Variable between 15.99% – 24.99% based on your creditworthiness. Penalty APR goes up to 29.9% for late or returned payments.

Recommended Credit Score: 650 – 850

Extra Benefits

  • Zero foreign transaction fees
  • Earn extra AAdvantage miles on purchases (No mileage cap plus additional mile redemption options)
  • Extra American Airline flight perks (check the first bag for free, preferred boarding, 25% saving on inflight food, beverages, and WiFi)
  • Business Perks (employee cards, personal business assistant, and online account summaries)
  • Digital wallets
  • Contactless pay

3. The Blue Business Plus Credit Card from American Express

Best Choice For Small Businesses

The Blue Business Plus Credit Card from American Express is the Best Choice For Small Businesses

The Blue Business Plus Credit Card from American Express is one suited for small businesses, offering you additional reward points and customer service options. 

Introductory Bonus: 15,000 Membership Rewards® points after spending $3,000 within the first 3 months.

Annual Fee: $0

APR: 0% APR charged for the first year. Becomes variable between 13.24% – 19.24% depending on your credit score and other factors.

Recommended Credit Score: 670 – 850

Extra Benefits

  • 2 membership reward points on every purchase each year. 1 point after making purchases of over $50,000
  • Spend over credit limit through Expanded Buying Power feature
  • High acceptance across the US
  • Expense management tools
  • Seamless integrations with Quickbooks
  • Extended customer service options (in addition to global assist hotline and car insurance options)
  • Fast dispute resolution
  • Employee cards (accompanied by alerts and summary reports for tracking) 

4. Chase Ink Business Cash Credit Card

Credit Card For Businesses Looking To Seamlessly Grow Through Credit Purchases

Chase Ink Credit Card For Businesses Looking To Seamlessly Grow Through Credit Purchases

The Chase Ink Business Cash Credit Card presents you with enticing perks, including a large cashback sign-up bonus, huge reward points, and travel benefits.

Introductory Bonus: $750 cashback when you spend $7,500 on purchases within the first 3 months. 2% cashback on the first $25,000 spent at gas stations and restaurants 

Annual Fee: $0

APR: 0% after the first 12 months. Variable APR of 13.24% to 19.24% afterward.

Recommended Credit Score: 670 -850

Extra Benefits

  • 2% cashback on the first $25,000 spent at gas stations and restaurants every non-fiscal year
  • 5% cashback on the first $25,000 spent on office supply, internet, cable, and phone services
  • Employee cards at zero additional cost 
  • Reward redeem portal for additional cashback benefits, gift cards, and travel benefits, among others. 
  • Referral program to gain up to 100,000 reward points

5. Divvy Smart Credit Card for Business

Applies Highly Flexible Fee Determination And Payment Structure, Offers To Improve Credit Score

Divvy Smart Credit Card for Business Applies Highly Flexible Fee Determination And Payment Structure

The Divvy Smart Credit Card for Business is one that mainly focuses on providing every business with a credit framework that specifically fits their expenses.

Introductory Bonus: No Introductory Bonus

Annual Fee: $0

APR: Fees determined by a quote, based on financial activities and expenses of the business as at when periodic statements are generated (flexible underwriting).  

Recommended Credit Score: 550 – 850

Extra Benefits

  • Credit of up to $15 million
  • Employee cards (with admin control portal)
  • Enforceable expense budget on cards
  • Multiple virtual cards
  • Seamless integration with native expense management software
  • Easy credit scaling through Divvy Credit Builder program
  • Flexible rewards program (based on payment schedule)
  • Contactless payment through Visa, Apple Pay, and Google Pay
  • Advanced fraud protection through real-time card tracking

6. Capital on Tap Business Credit Card

Comes With Unlimited Cards For All Company-Related Individuals

Capital on Tap Comes With Unlimited Cards For All Company Related Individuals

Offering credit limits of up to $50,000, the Capital on Tap Business Credit Card is a card issued by WedBank that gives you a seamless membership experience right from application to card usage.

Introductory Bonus: $200 cashback after you spend $15,000 within the first 3 months

Annual Fee: $0

APR: 9.99% – 34.99% variable APR

Recommended Credit Score: 650 – 850

Extra Benefits

  • Unlimited 1.5% cashback on all transactions
  • Fast response and delivery after application and approval (applying does not affect credit score)
  • Zero foreign transaction fees
  • Unlimited cards for company-related personnel (directors, employees, and external contractors)
  • Smart and manual spend limits
  • Easy card expense tracking
  • Software integrations accompanied by automatic syncing with popular accounting tools (Quickbooks, Xero, and FreeAgent, among others)
  • Contactless payments through Apple Pay and Google Pay

7. Brex Card

Suitable For Businesses With Low Credit Scores

Brex Card is Suitable For Businesses With Low Credit Scores

The Brex credit card offers credit services trusted by companies like Airbnb, Flexspot, and Untuckit. For small companies with very low credit scores and an intention to grow, this card proves useful.

Introductory Bonus: 10,000 reward points when you make $3,000 worth of purchases within the first three months. Additional 20,000 reward points when you link the card to your payroll or eCommerce platform.

Annual Fee: $0

APR: 0%

Recommended Credit Score: 300 – 850

Extra Benefits

  • For individuals that maintain daily use of a card, extra tiered points for purchases relating to cab services, travel, restaurants, eligible Apple purchases, tech, science, and online advert placements.
  • Credit building
  • Free wires and transfers worldwide
  • Easy expense tracking
  • $10,000 additional credit on Freshworks’ suite of products
  • $150 additional credit on Google ads
  • 25% off annual Slack paid subscriptions

8. U.S. Bank Triple Cash Rewards Visa Business Card

Longer Zero APR Charge Period

U.S. Bank Triple Cash Rewards Visa Business Card is a great option for small to medium sized businesses

A great option for small to medium-sized businesses, the U.S. Bank Triple Cash Rewards Visa Business Card also presents you with enticing fee structures, rewards, and credit services you can trust.

Introductory Bonus: $500 cash back on $4,500 spent within the first 150 days. This $4,500 must be spent on the credit card used by the account owner.

Annual Fee: $0

APR: 0% APR on purchases and transfers over the first 15 months. Variable APR of 13.99% – 22.99% after.

Recommended Credit Score: 690 – 850

Extra Benefits

  • 3% cash back on eligible purchases at office supply stores
  • 3% cash back on eligible purchases at gas stations 
  • 3% cash back on eligible purchases at restaurants
  • 3% cash back on eligible purchases at cell phone service stores
  • 1% cashback on all other purchases

9. American Express® Business Gold Card

Best Business Credit Card With No Spending Limits and Overtime Payment Option

American Express Business Gold Card With No Spending Limits and Overtime Payment Option

The American Express® Business Gold Card is a level up from the Amex Blue Business Plus card, offering you chances to gain huge reward points and benefits, however, in exchange for a huge annual fee.

Introductory Bonus: 70,000 Membership Rewards® Points after spending $10,000 on eligible purchases within the first 3 months of card membership

Annual Fee: $295

APR: 14.24% – 22.24% variable APR depending on your credit score and other factors.

Recommended Credit Score: 690 – 850

Extra Benefits

  • 4X Membership Rewards® points for the first $150,000 spent on the top 2 categories. These categories include purchases from airlines and US purchases advertising, technological equipment, gas stations, restaurants, and shipping. You get 1X point on other purchases.
  • Pay over time option
  • No preset spending limit
  • Wide acceptance across the US
  • Expense management tools
  • Fast and seamless dispute resolution
  • Purchase protection

10. The Hilton Honors American Express Business Card

Hilton-Associated Credit Card Options And Rewards

The Hilton Honors American Express Business Card offers credit card benefits closely associated with the Hilton establishment

The Hilton Honors American Express Business Card offers credit card benefits closely associated with the Hilton establishment, as well as additional travel perks.  

Introductory Bonus: 180,000 Hilton Honors Bonus Points (130,000 points after you spend $2,000 through the card within the first 3 months. Additional 50,000 Hilton Honors Bonus Points when you spend $10,000 through the card within the first 6 months of card membership)

Annual Fee: $95

APR: 15.74% – 24.74% based on your creditworthiness and other factors 

Recommended Credit Score: 670 – 850

Extra Benefits

  • 12X points per dollar for purchases made directly with Hilton-affiliated hotels and resorts
  • 6X points per dollar on select business purchases at U.S. gas stations, on wireless telephone service purchases, and shipping
  • 6X points per dollar on select travel purchases at US restaurants, flights booked directly with airlines, and car rentals from selected rental companies
  • 3 reward points per dollar on other purchases
  • Eligibility for 80% bonus on all base points
  • Free weekend night rewards when you spend $15,000 on selected purchases.
  • Additional free weekend night reward when you spend $60,000 on selected purchases
  • No foreign transaction fees
  • Expense management tools

11. Capital One Spark Cash for Business

Presents You With Zero Fraud Liability And A Dedicated Account Manager

Capital One Spark Cash for Business Presents With Zero Fraud Liability and a Dedicated Account Manager

The Capital One Spark Cash for Business is a business credit card that gives you a chance to earn huge rewards.

Introductory Bonus: $500 cash back when you spend $4,500 within the first three months of owning the card 

Annual Fee: $0

APR: 13.24% – 19.24% variable APR based on your creditworthiness 

Recommended Credit Score: 670 – 850 

Extra Benefits

  • Unlimited 1.5% cash back on every purchase 
  • Automatic payments
  • $0 fraud liability
  • Year-end statement summaries 
  • Dedicated account managers
  • Virtual card numbers
  • Quick and secure access to purchase records, downloads come in Excel, Quickbooks, and Quicken formats.

12. Delta SkyMiles Reserve Business American Express Card

Dedicated Benefits with Delta Airlines

Delta SkyMiles Reserve Business American Express Card is Dedicated Benefits with Delta Airlines

The Delta SkyMiles Reserve Business American Express Card is a business credit card from American Express that offers huge travel benefits

Introductory Bonus: 60,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) and a $100 statement credit when you spend $4,000 within the first 3 months of card membership

Annual Fee: $550

APR: 15.74% – 24.74% variable APR based on your credit score and other factors

Recommended Credit Score: 690 – 850

Extra Benefits

  • First checked bag free
  • No foreign transaction fees
  • Trip delay, cancellation, and interruption insurance
  • Baggage insurance
  • Car rental loss and damage insurance
  • Delta Sky Club one-time guest passes
  • 5,000 Medallion Qualification Miles (MQMs) when you spend $30,000 in a calendar year
  • 3 miles on every dollar spent on direct purchases with Delta
  • 1.5 miles when you spend $15,000 per year
  • 1 mile on every dollar spent on other eligible purchases

How to Choose the Right Credit Card For Your Business

There are a lot of business credit cards worth checking out, with each offering rewards and extra benefits for your business. This makes choosing one or a few difficult. To put you on the right track, here are a few factors to consider.

1. Your Business Credit Needs

First, consider the exact services or credit options you need from your business credit company. While some credit companies offer you loans of up to $50,000, some go as high as $5 million. Also, while some give you a chance to build your general credit score, some have you stuck with them and the options they have to offer you. 

You want to determine where your business is in relation to creditworthiness, as well as whether you like to improve your personal credit score and the type or size of the loan you think is right for your business. Determining this before anything else filters your options and makes choosing the right business credit card a lot easier.

2. Cost

You have to look at the total amount that a business credit card costs you. The cost of your business credit card is determined by the APR and fees charged by the credit card company. Fees include annual fees and foreign transaction fees.

There are business credit card issuers that offer you a 0% APR after the first year, which is a good place to start from. After the first 12 months, however, you are then required to pay a variable APR that changes in accordance with interest rates in the market. 

This variable APR also stands on your creditworthiness, among other qualifications. The higher your creditworthiness, the lower the APR charged on your loans.

Moving to annual fees, you also want to pay close attention to what each business credit card issuer charges at the end of each year. Although some of these waive the annual fee for the first year, you should understand that this is only done to get you as a customer, with annual fees for subsequent years possibly becoming a lot harsher for you. 

So you want to check these annual fees and determine that the extra services, perks, or/and rewards you get from using the card outweigh the amount you pay at the end of each year.

For individuals that travel a lot and, inevitably, make a lot of foreign transactions, choosing a credit card company that does not charge foreign transaction fees reduces your costs on the card.

4. Rewards and Perks

Compare your business's needs with the rewards your business credit company has to offer, as well as the methods of getting these rewards. For businesses who do not have a specific genre of purchases to make, a business credit card that offers cash back is what you look out for. 

You only make purchases on specified categories of items to gain higher rewards and a limit is never placed on how a cashback reward is spent.  

The more specific rewards come in the form of travel or vacation benefits. These come as free added miles on air travel as requirements are met, free bag checking or even free hotel or lounge stays, and prove especially useful for individuals that travel a lot.  

For some cards like the Hilton Honors American Express Business Card, however, reaping rewards possesses more specific requirements, which is that you patronize the hotels and resorts affiliated with the Hilton Establishment. 

This is the same as the Delta SkyMiles Reserve Business American Express Card, which offers air travel rewards but dedicates these rewards to use with Delta Airlines.

Pick a business credit card with rewards that directly relate to how your business is run. This is especially so for businesses that run internationally and require a lot of travel. Remember, the more rewards reaped, the lower your costs (or higher your gains) on the credit card.

4. Features

These are the extra service features that accompany the use of the card. While they may not affect the costs you pay on the use of the business credit card, they make your whole experience seamless and a lot more worthwhile. 

For example, all business credit cards with American Express come with additional expense management tools, integration with cloud-based accounting software (Quickbooks), and an expanded buying power feature. 

A lot of business credit card issuers also allow you to get associated cards for your employees (some allow an unlimited number of these cards), with these coming with spending and administrative control options.

Look at these additional benefits you get with your selected credit card to enjoy a seamless experience when using it.

How to Build Business Credit with Business Credit Cards

Unlike personal credit cards, improving your credit score with business credit cards is a little bit indirect. Building your credit score requires certain factors to be in place and a lot of intentional effort from you.

1. Choose a Credit Card Issuer that Reports to Consumer Credit Bureaus

All personal credit card issuers report all information about your credit and payment activities to these bureaus, both positive and negative. 

Business credit card issuers, on the other hand, are not compelled to do this and are guided by internal policies and regulations, which may have them report when you default on payments. 

Nonetheless, it is noted that some business credit companies report both positive and negative data to these consumer credit bureaus. Having your positive credit activities reported to these bureaus, and not just your negative activities, is important for credit building. 

All activities important for credit building do not go to waste and have a general impact on the options available to you across the entire credit industry. 

Note that credit utilization has a continuous impact on your credit score, meaning negative activities also have a continuous negative impact on your credit score with these credit issuers. So you want to be careful about how well your credit utilization activities go.

2. Engage In Credit Building Activities

This is only useful where your credit card issuer reports to a consumer credit bureau. To improve your credit score, you have to engage in credit-building activities

What are these credit-building activities though? For a start, you want to pay your loans on time. Whether you make payments before the due date or delay payments till overtime has a very direct and huge impact on your credit score. 

Even though credit companies charge for late payments, you still get your credit score downgraded if you consistently default on payments. So, you want to ensure that payments on loans, with additional interest rates, are made on time and in full.     

Some other certified credit building activities include paying all existing personal debt, paying bills on time, resolving your credit issues, and maintaining a low charge on your credit each month or credit cycle.

3. Constantly Monitor Your Credit Score And Information

Monitor your credit score with these credit bureaus. This is done to maintain your credit score by ensuring there are no errors in reporting or ensuring that no other individual or partner makes use of your credit information for any of their credit accounts.

The Best Credit Cards for Startups

Different credit cards offer different specs to different types of businesses. For startups, you want to select credit cards with options that fit your plans to grow. 

Considerations

  • How much capital do you need?
  • Who has priority access to the card in case there are multiple users?
  • Whether your credit scores are impacted by credit activities on the card

Top Choices

1. The Chase Ink Business Cash Credit Card

With options dedicated to businesses looking to seamlessly grow through credit purchases, the Chase Ink Business Cash Credit Card comes with enticing perks, including a large cashback sign-up bonus, huge reward points, and travel benefits. 

You get a sign-up cashback bonus of $750 when you spend $7,500 within the first 3 months and a 2% cashback on the first $25,000 spent at gas stations and restaurants. No annual fee is charged and the APR stays at 0% for the first 12 months, after which a variable APR of 13.24%–19.24% is charged.

Some of the extra benefits include:

  • 5% cashback on the first $25,000 spent at office supply stores and on internet, cable and phone services
  • Employee cards at zero additional cost
  • A reward redeem portal for additional cashback benefits, gift cards, and travel benefits, among others. 

You also have access to a referral program to gain up to 100,000 reward points.

2. The Blue Business Plus Credit Card from American Express

Suited for small businesses, the Blue Business Plus Credit Card from American Express offers great reward points and customer service options. 

You get a sign-up bonus of 15,000 Membership Rewards® points after spending $3,000 within the first 3 months and enjoy zero annual fees and a 0% APR for the first 12 months. 

Although you need a good to excellent credit score to have access to it, you have additional benefits such as: 

  • A spend over credit limit through an Expanded Buying Power feature
  • High acceptance across the US
  • Expense management tools
  • Integration with Quickbooks
  • Extended customer service options
  • Fast dispute resolution 

You also have the option of collecting employee cards, which are accompanied by alerts and summary reports for tracking.

3. The Capital One Spark Cash for Business

Another great choice for startups, the Capital One Spark Cash for Business comes with the following features and benefits:

  • A sign-up bonus of $500 in cashback when you spend $4,500 within the first three months
  • $0 annual fee
  • Unlimited 1.5% cash back on every purchase
  • Automatic payments
  • $0 fraud liability
  • Year-end statement summaries
  • Dedicated account managers. 

This business credit card also comes with virtual card numbers and offers you secure access to purchase records with downloads that come in Excel, Quickbooks, and Quicken formats.

The Best Credit Cards for Travel

For companies that have both domestic and international travel integral to their operations, credit cards with travel benefits are great choices to reduce costs. 

Some of the common rewards offered by these types of cards include points or miles redeemable for flights or stays in hotel rooms, bonus points for travel-related purchases, free checked bags on flights, priority boarding, and insurance-related to rented cars and baggage, among others.

Considerations

  • Whether you use a specific airline or want to reap rewards regardless of the airline used 
  • Whether rewards are limited to domestic or international travels
  • Whether there are foreign transaction fees to be paid

Top Choices

1. The American Express Blue Business Cash Card

The American Express Blue Business Cash Card offers you general perks for your travel and insurance needs. These include extended travel benefits like baggage insurance, secondary car rental insurance, and a fast-responding global assist hotline in case you run into any trouble.

This business credit card from American Express comes with an introductory bonus of $250 statement credit after spending $3,000 within the first 3 months, zero annual fees, and 0% APR on purchases for the first 12 months. 

You get additional benefits such as:

  • 2% cashback on all purchases
  • 1% cashback after exceeding $50,000 in purchases
  • A spend over credit limit with an expanded buying power feature
  • Wide acceptance across the US.

2. The CitiBusiness / AAdvantage Platinum Select Mastercard

For travel benefits dedicated to American Airlines, the CitiBusiness / AAdvantage Platinum Select Mastercard is your pick. You enjoy the following benefits:

  • A sign-up bonus of 65,000 American Airlines AAdvantage® miles after spending $4,000 within 4 months
  • Zero foreign transaction fees
  • Earn extra AAdvantage miles on purchases (no mileage cap)
  • Mile redemption options
  • Check the first bag for free
  • Preferred boarding
  • 25% saving on inflight food, beverages, and WiFi.

Alongside an annual fee waiver for the first 12 months, you have access to employee cards, personal business assistants, online account summaries, digital wallets, and contactless payment options.

3. The Delta SkyMiles Reserve Business American Express Card

Another card from American Express, the Delta SkyMiles Reserve Business American Express Card offers huge travel benefits dedicated to Delta Airlines. You get the following benefits:

  • An introductory bonus of 60,000 miles, 10,000 Medallion® Qualification miles, and a $100 statement credit when you spend $4,000 within the first 3 months. 
  • The first checked bag is free
  • Charged zero foreign transaction fees
  • Enjoy trip delay, cancellation, and interruption insurance
  • You also get insurance for your baggage and car rental loss and damage

The Delta SkyMiles Reserve Business American Express Card offers you other benefits. You also get 3 miles on every direct purchase with Delta, 1.5 miles when you spend $15,000 per year, and 1 mile on every dollar spent on other eligible purchases. All these come for a $550 annual fee though.

The Best Business Credit Cards for Bad Credit

For individuals with bad credit, getting approved for a credit card is tough. Even when eventually approved, the options available are typically not so favorable to comfortably run a business. 

Ordinarily, building your credit score before applying for a business credit card serves as the best way to open up better options with credit companies. Nonetheless, there are business credit card issuers that dedicate their services and credit options to these groups of individuals with bad credit.

Consideration

  • What the APR is
  • Whether there is a penalty APR
  • What the annual fee is
  • How much capital do you need
  • Whether the card has accompanying credit-building options

Top Choices

1. The Brex Credit Card

The Brex credit card offers credit services to individuals with a credit score as low as 300, with this accompanied by options to build this credit score along the way. 

Alongside an introductory bonus of 10,000 reward points when you make $3,000 worth of purchases within the first three months, you get  20,000 reward points when you link the card to your payroll or eCommerce platforms

With the brex Credit Card, you enjoy the following perks and benefits:

  • No annual fees, no APR
  • Free wires and transfers worldwide
  • Easy expense tracking options
  • $10,000 additional credit on Freshworks’ suite of products
  • $150 additional credit on Google Ads
  • 25% off annual Slack paid subscriptions. 

Businesses who maintain daily use of a card get extra points for purchases relating to cab services, travel, restaurants, eligible Apple purchases, tech, science, and online advert placements.

2. The Divvy Smart Credit Card for Business

The Divvy Smart Credit Card for Business offers you a highly flexible fee determination and payment structure, alongside options to improve your credit score. It is recommended for individuals with credit scores as low as 550.

Although with the card there are no introductory bonuses, you are charged zero annual fees and your APR is wholly determined by your credit payment activities and how well they go. Credits go as high as $15 million. 

You get additional options such as:

  • Employee cards accompanied by an admin control portal
  • Enforceable expense budget on cards
  • Multiple virtual cards
  • Seamless integration with native expense management software
  • Easy credit scaling through Divvy Credit Builder program 

You also enjoy a flexible rewards program based on your payment schedule. Advanced fraud protection and contactless payment through Visa, Apple Pay, and Google Pay are also available to you.

The Best High-Limit Business Credit Cards

While running and building a business, you do not set a limit for yourself on how far you wish to grow. Credit card companies, however, have a maximum amount of money they offer you, so this is also an important consideration for businesses. 

Many business credit card companies do not tell you the maximum amount of money you get from them until after you register with them. Nonetheless, there are business credit card companies that offer you large loans whenever you are eligible.  

Considerations

  • How much you need
  • The name on the application in case you deal with partners 
  • Who has access to the card
  • Whether your personal and business credit scores are affected

Top Choices

1. The Divvy Smart Credit Card for Business

Alongside a flexible payment structure, the Divvy Smart Credit Card for Business offers you a credit line of up to $15 million. You also enjoy other perks and benefits such as:

  • No annual fee is charged
  • Advanced fraud protection
  • Employee cards accompanied by an admin control portal
  • Enforceable expense budget on cards
  • Multiple virtual cards
  • Seamless integration with native expense management software
  • A flexible rewards program based on your payment schedule.

2. The Brex Credit Card

The Brex credit card allows you to upscale your credit line to as high as $5 million. You get a credit limit of 50% to 100% of your future monthly sales and enjoy as much as 60 days in overtime to pay your bill and improve your cash flow management. 

With the card, there are no APRs or annual fees, and you enjoy a sign-up bonus of 10,000 reward points when you spend $3,000 within the first three months

Some additional benefits include: 

  • Tiered points for purchases relating to cab services, travel, restaurants, eligible Apple purchases, tech, science, and online advert placements
  • Free wire transfers worldwide
  • Easy expense tracking,
  • Additional credits with partner companies and internet services.

The Best Business Credit Cards for LLCs

Running a limited liability company (LLC) makes applying for a business credit card a little more cumbersome if you have partners in your company.  

Considerations

  • Whether you have partners who own 25% or more of your business
  • Who has priority ownership of the account
  • What your EIN is

Top Choices

1. The Divvy Smart Credit Card for Business

The Divvy Smart Credit Card for Business offers you a high credit line, a flexible fee determination, and payment structure, and options to improve your credit score. 

Although with the card, there are no introductory bonuses, you are charged zero annual fees and your APR is wholly determined by your credit payment activities and how well they go.

Credits go as high as $15 million and you get additional options such as:

  • Employee cards accompanied by an admin control portal
  • Enforceable expense budget on cards
  • Multiple virtual cards
  • Seamless integration with native expense management software
  • Easy credit scaling through Divvy Credit Builder program
  • A flexible rewards program 

Advanced fraud protection and contactless payment through Visa, Apple Pay, and Google Pay are also made available to you.

2. The Capital One Spark Cash for Business

Another great choice for LLCs, the Capital One Spark Cash for Business comes with a sign-up bonus of $500 in cashback when you spend $4,500 within the first three months and a $0 annual fee. 

You also enjoy additional benefits such as: 

  • An unlimited 1.5% cash back on every purchase
  • Automatic payments
  • $0 fraud liability
  • Year-end statement summaries
  • Dedicated account managers. 

The Capital One Spark Cash for Business offers you virtual card numbers as well as secure access to purchase records with downloads coming in Excel, Quickbooks, and Quicken formats.

3. The Chase Ink Business Cash Credit Card

The Chase Ink Business Cash Credit Card comes with enticing perks suitable for LLCs, alongside a large cashback sign-up bonus, huge reward points, and travel benefits. 

You get a sign-up cashback bonus of $750 when you spend $7,500 within the first 3 months and a 2% cashback on the first $25,000 spent at gas stations and restaurants. No annual fee is charged and the APR stays at 0% for the first 12 months.

Some extra benefits include: 

  • A 5% cashback on the first %25,000 spent at office supply stores and on internet, cable, and phone services
  • Employee cards at zero additional cost
  • A reward redeem portal for additional cashback benefits, gift cards, and travel benefits, among others. 

You also have access to a referral program to gain up to 100,000 reward points.

Business Credit Cards FAQ

What Is A Corporate Card?

A corporate card is a bank card, usually a credit card, that is given to employees of a company to use for work-related expenses daily. They give employees the ability to make transactions and spend cash on behalf of the firm without having to use their funds and be paid back later.  

Corporate cards make it easier for corporations to keep track of their expenditures. They can be managed to the point where, when correctly set up, they can only be used for particular types of purchases. For instance, travel fees or costs associated with organizing an event.

How Do I Get A Credit Card for My LLC?

Getting a credit card for your LLC requires you to have the requirement to be able to apply. Once you are sure of the type of credit card you want to get, you just need to follow these steps.

Step 1: Examine Your Credit Report. To determine which cards you can apply for, check both your individual and business credit scores. If your scores are poor, you should try improving them before enrolling. 

Step 2: Find out Your Annual Business Income. When applying for a corporate credit card, you will have to give out both your individual and business income information and how you got the income.

Step 3: Understand the Eligibility Requirements. You should be aware of the card's credit score criteria. If you are denied, keep in mind that making several credit card applications over a long period might harm your credit ratings.

Step 4: Apply for a Credit card. Once you are aware of the requirements, you can fill in to get your credit card online. You will also fill in some information about your business. Once that is done, it will be reviewed, and decided if you can get a card or not.

Business Credit Scores vs Personal Credit Scores: What’s the Difference?

Business credit scores assist financial institutions to know if you are eligible for loans. A high business credit score will give you a high probability of getting a loan for your business and you will receive better conditions because of your high credit score. If your score is low, you might not be able to obtain the loan.

Personal credit scores calculate your creditworthiness. This shows if an individual can pay back his debt. Personal credit score depends on how well and how quickly he has been paying old debt and the ability to pay the one he is applying for.

Are There Small Business Credit Cards for No Credit?

Fortunately, there are a lot of small business credit cards for no credit. New businesses with no credit can be eligible for credit cards.

Lots of business owners feel that when there is no business credit, their business can not qualify for a business credit card. Personal credit can be assessed and can be used to determine if you get a business credit card or not.

Can I Get A Business Credit with Bad Credit?

Having a bad credit score can be a challenge for you when you want to apply for a business credit card. Getting rejected every time you apply for a credit card will continue to affect your credit score because it goes directly to your credit report.

You can either have two options when you have low credit. A secured card in which you can drop down a deposit that is the same as the credit you want or an unsecured credit card that is meant for people with low credit.

Whatever you want to pick, you should follow a path that will serve as a foundation for a better credit profile so you can be eligible for better cards.

What Credit Score Do I Need to Get A Business Credit Card?

Your personal credit score is really necessary when you want to apply for a business credit card. This means your credit score must not be less than 700 if you want the best business credit card. But mostly it depends on the issuer or you get a less business credit card due to your low score.

Martin Luenendonk

Editor at FounderJar

Martin loves entrepreneurship and has helped dozens of entrepreneurs by validating the business idea, finding scalable customer acquisition channels, and building a data-driven organization. During his time working in investment banking, tech startups, and industry-leading companies he gained extensive knowledge in using different software tools to optimize business processes.

This insights and his love for researching SaaS products enables him to provide in-depth, fact-based software reviews to enable software buyers make better decisions.