The world of business can be costly, but you can improve your experience with a companion that makes everything a little easier. If you choose the right credit card, it can make your transactions vastly more profitable, and help you out in multiple different ways. Not all business credit cards are created equal, so make sure that you choose the best one for your business. Check out our list of best cash back business credit cards to get started on earning the biggest bang for your buck, and finding the best fit for your needs.
Best 5 Cash Back Business Credit Cards
Below are the best 5 Cash Back Business Credit Cards available right now, chosen because of features that will benefit your business.
1. Ink Business Cash℠ Credit Card
The Ink Business Cash® Credit Card offers $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.
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
• 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
• 1% cash back on all other card purchases with no limit to the amount you can earn.
This card comes with no annual fee. You'll be able to take advantage of employee cards at no additional cost.
Earning rates: 5% cash back at office supply stores and on internet, cable and phone services (on the first $25,000 spent in combined purchases each account anniversary year); 2% cash back at gas stations and restaurants (on the first $25,000 spent in combined purchases each account anniversary year); 1% cash back on all other purchases
Additional perks: Free employee cards; primary car rental coverage (when traveling for business); 0% APR for the first 12 months (after that, a variable APR applies)
Overview: A benefit about this card is that you can use the cash-back points you earn and convert them to Ultimate Rewards points if you have a “premium” card from Chase. While this feature makes this card good for business, the 3% foreign transaction fee does not. Make sure this card stays a business card, and not a travel one.
2. Capital One® Spark® Cash for Business
The Capital One Spark Cash offers a one-time $750 cash bonus once you spend $7,500 on purchases within 3 months from account opening.
You're able to earn an unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions.
Free employee cards, which also earn unlimited 2% cash back on all purchases
Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
This card does come with no foreign transaction fees and $0 annual fee for the first year; $95 after that.
Earning rates: Unlimited 2% cash back on all purchases
Additional perks: Free employee cards; no foreign transaction fees; primary car rental coverage (if your rental is for business purposes); additional Visa Signature benefits
Overview: Earning 2% back on every purchase is pretty solid, especially for a card with no foreign transaction fees. Keep in mind that for this card there is an annual fee, but it is waived the first year which is nice. Also, you can use the sign up bonus to offset the price. Plus, once you do the math, if you spend $5,000 per month, you’d take home $1,700 in the first year of card membership when you include the sign-up bonus.
3. SimplyCash® Plus Business Credit Card from American Express
With the American Express Blue Business CashTM Card:
Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.49% - 27.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
Plus, earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power§.Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
This card comes with no annual fee (See Rates & Fees).
Terms apply.
Earning rates: 5% cash back at US office supply stores and on wireless telephone services (up to $50,000 in combined purchases each year); 3% cash back on a category of your choice out of 8, including airfare, hotels, US gas stations, US restaurants and US shipping (up to $50,000 in purchases each year); 1% cash back on all other purchases
Additional perks: No-fee employee cards; ability to buy above your credit limit; 0% APR for the first 9 months on purchases (after that, a variable rate applies).
Overview: This card allows you to choose the category that you’ll earn 3% in, which is nice because it allows you to perfectly suit this card to your needs. You have plenty of options and you can rest assured that you are making the most out of your card.
4. Capital One® Spark® Cash Select for Business
The Capital One Spark Cash Select for Business offers $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening.
You'll earn:
• Unlimited 1.5% cash back could mean thousands of dollars each year going back into your business with no categories to limit your purchasing.
• Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
This card comes with no annual fee and employee cards at no additional cost.
Earning rates: 1.5% cash back on all purchases
Overview: This card has no annual fee, and 1.5% earnings on all your purchases. This is a pretty good offer, and unlike the Chase Ink Card, this card does not charge foreign transaction fees. The Select is a good alternative if you don’t want to pay an annual fee on the Spark Cash card, but still want to reap the benefits.
5. Bank of America Business Advantage Cash Rewards
Apply Now- Earn a $200 statement credit after $500 in purchases within 60 days of account opening
- Receive cash back:
- 1% on all purchases
- 2% at restaurants
- 3% at gas stations and office supply stores
- There’s no limit to the base cash back you can earn
- Redeem your cash rewards for cash back or apply them to a Bank of America savings or checking account
- 0% Intro APR on purchases for the first 9 billing cycles
- No annual fee
Earning rates: 3% cash back on purchases at gas stations and office supply stores (up to a combined $250,000 each calendar year); 2% cash back at restaurants; 1% cash back on all other purchases
Additional perks: Deposit cash rewards directly into a Bank of America checking or savings account
Overview: A feature on this card that makes it stand out is its higher cap on bonus earnings. If you spend a lot at office supply stores and gas stations and want a higher cap on your bonus earnings, this may be the card for you. For example, if you typically spend $200,000 per year at office supply stores, you’d earn $6,000 on this card from Bank of America. However, you’d earn just $4,000 on the SimplyCash Plus: $2,500 on the first $50,000 in purchases (5%) but just $1,500 on the remaining $150,000 (1%). Once you do the math you can see which card suits your needs best. Another benefit on this card is that the cash-back rewards can be deposited directly into a Bank of America checking or savings account, so if your small business is already set up with Bank of America, this will make your life a lot easier.
Author’s Verdict
Now that you’ve seen some credit card options, choose the one that works for your business. Applying for a cash back credit card, specifically one directed towards small businesses, allows you to earn some great rewards. The card that you choose can become a huge asset if you use it regularly enough. Check out the cards with a 0% introductory APR rate, especially if you are a small business just starting out in the industry and have large expenses but little revenue. Hopefully this post has highlighted how cash-back credit cards can play an important role in your success, and that you choose your perfect match! If you’re looking for more credit card options, check out our list of the Best Credit Card Deals!
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