2017 RANKING & REVIEWS
TOP RANKING BEST BUSINESS CREDIT CARDS
Grow Your Business with the Best Business Rewards Credit Card
If you could find a way to help your business run more effectively and gain some financial incentive for the spending you already do, why wouldn’t you pursue it? Many of the best small business credit card options now have a rewards program feature that does just that, allowing you to earn cash back, points, and bonuses for the spending that your business already has to do.
Small business credit cards can be a significant savings of both time and money for your company, but how do you know which one is the best credit card for small businesses? There are so many features to weigh with even the best credit card for small businesses from interest rates to annual fees to introductory offers.
Award Emblem: Top 6 Best business Credit cards
To help you select the very best business credit card, AdvisoryHQ has compiled this list of the top business credit cards. We’ve already assembled all of the pertinent information we thought you would need to know about the best small business credit card choices in order to make the best decision for your company.
Curious to see which credit cards for small businesses made our list of the top-ranking best business credit cards? Keep reading to find out!
See Also: Best Credit Cards | Ranking & Reviews
AdvisoryHQ’s List of the Top 6 Best Business Credit Cards
List is sorted alphabetically (click any of the credit card names below to go directly to the detailed review section for that credit card):
- Fifth Third Business Rewards Card
- Ink Cash® Business Credit Card
- Platinum Visa® Business Credit Card
- Spark® Cash Select from Capital One®
- SunTrust World for Business Credit Card
- Wells Fargo Business Platinum
Top 6 Best Business Credit Cards| Brief Comparison & Ranking
Credit Card Names
Duration of Intro APR
Fifth Third Business Rewards Card
Ink Cash® Business Credit Card
Platinum Visa® Business Credit Card
Spark® Cash Select from Capital One®
SunTrust World for Business Credit Card
Wells Fargo Business Platinum
Table: Top 6 Best Business Credit Cards | Above list is sorted alphabetically
Why Do You Need Credit Cards for Small Businesses?
Are there really any advantages to having the best business credit card tucked away in your company’s financial wallet? The best credit card for small business should be more than just a piece of plastic that gets used occasionally or gets used by employees in the wrong way. There are a few solid reasons your company should consider signing up for one of the choices for the best credit card for small businesses.
First, having the best small business credit card does help your company to build up and maintain stellar credit. This could be beneficial, especially in the very beginning of your company. Loans and lines of credit for future business plans may seem like a long way off based on your current setup, but you should be planning for them now.
Image source: Pixabay
Building credit takes time, and any of these choices for the best business credit card can put you on that path as well as give you some financial incentive for doing so now. A rewards program on the best business credit card will give you some motivation and payoff for the spending that you’re already doing. Whether you need to purchase fuel for company vehicles or notepads for your assistant, credit cards for small businesses that feature rewards can be a helpful addition.
The best business credit card can also lend ease to your company, allowing employees to run the errands that you dread. To avoid having to issue checks or cash reimbursement on a regular basis, you can hand business credit cards to your trusted and valued employees, effectively saving yourself time. As we all know, time is money when it comes to running your business.
These days, most of the top business credit cards and small business credit cards will allow you to monitor your finances online. This allows you to stay in the loop and more carefully track your company’s cash flow. Not only that, but you can also make arrangements to pay vendors and bills via your business credit card from now on.
AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.
Detailed Review—Top Ranking Best Travel Credit Cards
Below, please find the detailed review of each credit card on our list of top business credit cards. We have highlighted some of the factors that allowed these small business credit cards to score so high in our selection ranking.
Fifth Third Business Rewards Card Review
Searching for the best business credit cards can be a time-consuming endeavor, but we’re sure that you’ll love the Fifth Third Business Rewards Card. Take advantage of a free rewards program and make the most of all the extras you’ll have access to for spending you already do with your business credit card.
Source: Fifth Third Business Rewards Card
The Fifth Third Business Rewards Card features a handful of offers that make it a compelling choice for the best small business credit card. Their general rewards program offers one Real Life Rewards point for every dollar spent (extra points across some spending categories). Rewards are easily redeemed for gas cards, travel arrangements, merchandise, and more.
This best business credit card also features introductory rewards that tend to draw in consumers:
- 0% introductory APR for the first nine billing cycles
- 2 Real Life Rewards points per dollar on dining, office supplies, and utilities
- Complimentary additional cards for employees
- MasterRental insurance
- Master Roadside Assistance
Their business credit cards also have many features that are typically found on travel rewards credit cards, such as travel accident insurance and travel assistance services. If your company is frequently on the road or heading out of town for conferences, you get the best of both a travel card and one of the best small business credit cards all rolled up into one.
Rates and Fees
Is the amazing introductory interest rate enough to draw you into the Fifth Third Business Rewards Card? We think you’ll be pretty happy with the regular interest rates as well, ranging from 11.24 to 22.24 percent APR based on your creditworthiness. Like many of the top business credit cards, this one also has no annual fee.
Ink Cash® Business Credit Card Review
The Ink Cash® Business Credit Card from Chase is an affordable solution for companies searching for the best small business credit card. With 0 percent introductory APR and a flexible rewards program, this card should be a consideration for the best small business credit card for your company.
Source: Ink Cash® Business Credit Card
The business credit card offers associated with the Ink Cash® Business Credit Card are definitely a contributing factor to what allowed this to rank as the best credit card for small business. New members will find a host of special introductory offers to get them started:
- $300 cash back bonus for $3,000 in spending over the first three months
- 0% introductory APR on balance transfers and purchases for the first twelve billing cycles
You’ll also find their rewards program to be a solid reason they qualified as one of the top business credit cards. These points are easy to accrue (see the list below for percentages), and they can be spent across a number of categories including cash back, travel accommodations, gift cards, and Amazon.com orders.
- 5% cash back on the first $25,000 spent at office supply stores and several utility companies
- 2% cash back on the first $25,000 spent at gas stations and restaurants
- 1% cash back on all other purchases
Rates and Fees
Businesses are in luck with this free choice for the best business credit card. With no annual fee, you won’t have any cost associated with the Ink Cash® Business Credit Card other than your interest rates.
When the introductory 0 percent APR offer expires during the thirteenth billing cycle, you’ll find rates that are very competitive with other top business credit cards. Depending on your credit, this best credit card for small business will have a variable APR between 13.49 and 19.49 percent.
Platinum Visa® Business Credit Card Review
Easily selected as one of the best small business credit cards, the Platinum Visa® Business Credit Card is one of Bank of America’s top offerings. You’ll enjoy the low rates and fees, as well as the stellar introductory offers.
Selecting the Platinum Visa® Business Credit Card from Bank of America as the best small business credit card for your company comes with a number of perks that are worth investigating. Many of the best business credit cards come with bonuses and introductory offers, but this business credit card offers a very easily achieved bonus.
Within 60 days of opening your account, you’ll receive a $200 statement credit bonus if you can make at least $500 worth of purchases across any spending category.
They also offer introductory 0 percent APR, but the time period is relatively short in comparison to some of the other best business credit cards. You’ll only receive this advantage for the first seven billing cycles.
Rates and Fees
Once you make your way out of the business credit card offers that come with new membership, you’ll find that the rates and fees can be significantly less expensive than some of the other best business credit cards. There is no annual fee for the Platinum Visa® Business Credit Card from Bank of America.
What’s more, there’s a possibility of some of the lowest interest rates with this best credit card for small business if your credit is above reproach. Their standard APR ranges from 9.49 to 20.49 percent on all purchases and balance transfers, with a cash advance APR of 24.49 percent.
Spark® Cash Select from Capital One® Review
What offers make this Spark® Cash Select from Capital One® a contender for the best credit card for small business? First and foremost, they issue unlimited rewards on purchases made with your small business credit cards at a higher rate than many of their competitors. You’ll enjoy 1.5 percent cash back instead of the usual one percent.
Similar to the Platinum Visa® Business Credit Card from Bank of America, you are also eligible for a $200 cash bonus with $3,000 worth of purchases over the course of the first three months.
Not only that, but the Spark® Cash Select from Capital One® offers a 0 percent introductory APR on purchases for the first nine months of your account membership.
Rates and Fees
The typical rates will increase once your introductory APR expires on month ten. They will range from 13.24 percent all the way to 21.24 percent, depending on your creditworthiness. Balance transfers and purchases will be subject to these rates, with a cash advance APR of 23.24 percent. These rates are extremely competitive among the top business credit cards that are available on today’s market.
You’ll also pay no annual fee with this option for the best small business credit card from Capital One®.
SunTrust World for Small Business Credit Card Review
With a plethora of perks, the SunTrust World for Small Business Credit Card is uniquely designed to be one of the best small business credit cards and the best business rewards credit card available.
There’s a reason so many companies are claiming the SunTrust World for Small Business Credit Card as one of the best business credit cards around. This business credit card offers a handful of substantial offers that can save your business money:
- 5% cash back on the first $2,000 spent monthly at office supply stores and for fuel purchases (3% cash back afterward)
- 1% cash back on all other purchases
- 0% introductory APR for the first 12 months
Another unique offering that allowed us to rank this as one of the best business credit cards is its flexible spending limit, giving cardholders no preset limit. By using their business credit card, you’ll gain access to expense management tools, security and purchase protection features, extended warranties, travel accident insurance, and MasterAssist and RoadAssist.
Rates and Fees
As a top choice for the best small business credit card, you’ll pay no annual fee at all on the SunTrust World for Small Business Credit Card. In fact, even when your introductory APR ends, your second year has fairly low and very competitive interest rates ranging from 10.49 percent to 16.49 percent APR for both purchases and balance transfers.
If you’re looking for a cash advance, you’ll face higher rates which is common among all credit cards for small businesses. These rates will come in between 16.49 percent and 19.49 percent APR.
Wells Fargo Business Platinum Credit Card Review
Ideal for businesses with annual sales in excess of $2 million, the Wells Fargo Business Platinum Credit Card offers flexibility in rewards programs and low interest rates to become one of the top choices for the best business rewards credit card.
The Wells Fargo Platinum Business Credit Card admittedly has fewer initial incentives for companies to sign up for this card. However, it does still rank as one of the top business credit cards available based on its long-term offerings including its business rewards program.
You have your choice between two separate programs: the Cash Back Advantage and the Reward Points system.
For the Cash Back Advantage, you receive 1 percent of every dollar spent. For every $1,000 spent in a monthly billing period, your company will score $10.
On the rewards points, you earn 1 point for each dollar spent on purchases. After $1,000 of spending in one monthly billing cycle, you’ll receive 1,000 bonus points to redeem for gift cards, travel accommodations, and more (plus an extra 10 percent bonus when redeemed online).
The flexibility in how you desire to receive your rewards is part of what qualifies the Wells Fargo Platinum Business Credit Card as one of the best business credit cards.
Rates and Fees
All of the other top business credit cards on our list have excluded companies from needing to pay an annual fee. Unfortunately, the Wells Fargo Platinum Business Credit Card does require an annual $50 fee starting in your secosnd year, if you decide to opt into their rewards program.
The interest rates for this choice for the best business rewards credit card are competitive depending on your creditworthiness. They currently come in between 10.49 percent and 19.49 percent APR for purchases and balance transfers, as well as a 24.24 percent APR for cash advances.
Conclusion—Top 6 Best Business Credit Cards
Securing business credit cards for your company can be a step toward managing your finances more responsibly and with less headache for you. Your employees can make a run to the office supply store without you, and you can monitor and track spending through online management tools and monthly statements. It would certainly free up more of your valuable time to have the best credit card for small business at your disposal.
There are so many choices available for the top business credit cards from every lender. Knowing the ins and outs of your company allows you to determine which of the business credit card offers best suits your company’s main needs.
Can you benefit most from a cash back rewards program, or do you prefer a points system to purchase gas cards? If you need your card to make a large purchase in the upcoming months, you may want to take advantage of one of the best business credit card choices that allows for 0 percent introductory APR for a set period of time.
Only you know what your business could benefit from the most. By signing up for one of the best business credit card options on our ranking of the top business credit cards, you’re putting your company on a streamlined path to more successful financial transactions.
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.